The Theoretical Impact and Approach of Social Responsibility in Companies Management

Abstract

Purpose: The aim of this study is to understand, by a theoretical point of view, the potential impact of Social Responsibility practices in company’s management, taking in consideration several aspects and sundry approaches, by analysing the main defined strategies and policies.

Design/Methodology/Approach: The concept is related with a philosophical and moral idea of corporate behaviour to the development of legally binding regulations, cultural and climate organizational characteristics.

Findings: It is determined that development must be based on a Sustainable Economy while aligning these actions with the Sustainable Development Goals established and at the same time the economic performance of the companies.

Conclusion: For a Social Responsibility Strategy, it is also crucial that the Human Resources departments, the commercial and marketing areas share and expose the actions that have an impact on the society where they are installed.

Practical Implications: Works on the establishment of this commitment and identification with the company through Social Responsibility policies have highlighted the role of management and leadership style in facilitating or not these processes.

Contribution to Literature: As new, the management team, as in other facets, has an important role to play in choosing exactly the specific objectives that have a direct impact on the company's environment and on the society of which the employees are a part, regarding and including the productivity aspects.