MEMO

Memo

Memo

To: Capital One

From:

Date:

Re: A New Low or No Cost CSR Program

Capital One is successfully sponsoring financial education programs for students in Washington D.C. The programs have been targeted towards the middle grade students in the Washington, D.C. Capital One has initiated a partnership programs with Junior Achievement Worldwide. This program is helpful for students who want to hone their math skills.

The goal of Capital One is to work for the welfare of the society. Corporate Social Responsibility can be defined as a way of conducting business that benefits the society. Corporate Social Responsibility can help Capital One work for the benefit and welfare of the community (Devi et al, 2009).

Our company is committed to providing the best credit cards to our customers. Our focus is to give additional value to the communities where we operate. CSR will allow Capital One to contribute to the wellness of the community in which it operates. This could include offering value-added services, partnership with other organization, and the implementation of policies for the welfare of local community (Petkoski, 2003).

In the current era of financial crisis, it is important for us to comprehend credits, loans and other business sources. Capital One can increase the awareness of the public by devising a low cost CSR program. With a CSR program, we will create new opportunities for local people through sport and financial education. It's our chance to give something back to the communities who support us. The CSR program will also increase the awareness of people regarding financial investments.

The partnership of Capital One with Junior Achievement World Wide can address one of the most important concerns of the society. It will work towards community development by allowing students to hone their skills.

Corporate social responsibility (CSR) is the phenomenon that management of business process in a way to produce a positive impacts on society. According to scholars the term CSR refers to integrate self-regulation mechanism in business model to show the intentions of organization that it assumes social responsibility and will work for the betterment of the society in which it operates. This term can also be define as the process of developing business in a way to produce positive impact on environment and society in a particular community, stakeholders, customers and other through business. Additional, CSR actively works in strengthening the interest of public, by promoting the development and growth of society, and voluntarily on the elimination of practices which are acting like damaging the interest of public, irrespective of legality. Corporate social responsibility is essentially the addition of socially responsible companies to deliberate the public interest in the resolution companies' decisions, and in honor of triple bottom line: profit, people and planet.

The concept of corporate social responsibility is gaining importance nowadays. It calls upon businesses to follow ethical practices while dealing with employees, suppliers, dealers, customers, etc. Unfortunately, not all the companies are equally committed towards their social responsibility. After discussing the various changes, the concept of Corporate Social Responsibility(CSR) has undergone since its ...