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Corporate Social Responsibilities Essay
On September 13, 1970, Milton Friedman wrote and article, Social Responsibility of Business is to Increase its Profits. One of Milton's theories
suggested that the only legitimate incentive for a corporation to exist is to maximize its profits with its shareholders. As companies progress over
time, so does the reason for the company existence. "What makes a stake holder?" Isabel Hilton (GE Stakeholders 2009) "What makes a stake
holder? If you take a broad view of business then almost anyone who is affect by the operation of the business is a stakeholder. There's a narrow view,
which is about shareholding, profit, and profit line. But there's a much wider view, which is all the other activities, all the other impacts that business can
...show more content...
Many consumers are now looking into companies who promote organization that are socially and environmentally responsible. "It may well be in the
long run interest of a corporation that is a major employer in a small community to devote resources to providing amenities to that community or to
improving its government. That may make it easier to attract desirable employees..." (Friedman, Milton 1970)
Corporate social responsibility is an ideology where a company and/or organization(s) have to act upon an obligation that will help to benefit
communities, society, and environment around them. Numerous of corporation created a section or division to help the relationship between
businesses and society. To demonstrate how corporate social responsibilities are divided based on strength and concerns from the past to the future,
consider General Electrics (GE). General Electrics, "GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's
toughest challenges. From aircraft engines and power generation to financial services, medical imaging, and television programming, GE operates in
more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com."
(Business Wired 2009) GE is located in the United States and their industry sector is capital goods.
General Electric is one of the largest publicly owned and operated companies in the world.
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Corporate Social Responsibility Essay
Chapter I: Introduction
1.1 Background
Corporate social responsibility according to Henderson (2001) can be defined as the commitment of organizations to help society by improving
working and living conditions of employees, their families, and the community as a whole.
The use of CSR as a discipline has its foundation on past centuries, when some kind of social awareness was practiced by companies at the time,
nevertheless most authors concur that from the 1960's onwards, the developmental pace of the subject increase considerably and it became the real
basis in which CSR stands in current times, each of the last five decades has played an important role for the discipline, especially the 1990's decade
when general social...show more content...
The correct establishment of these responsible guidelines would probably enrich the relationships that the corporation holds with stakeholders and any
other entity that is affected by their operations. However, it is also important to understand the effects thatsocial responsibility actions have on the
purchase intention of consumers.
Several researches have explored the connection between CSR and purchase intention. Creyer and Ross (1997) found that the ethical behaviour of
companies in considered by consumers during purchase decision. Mohr et al. (2001) also supported this assumption and suggested that there is a
'substantial market segment' paying attention to companies' CSR practices. Aresearch developed by Prabu et al. (2005) obtained similar findings and
added that Social Responsibility has as well a positive effect on corporate identity.
1.2 Research Aim and Objectives
Once a brief overview of the CSR discipline as well as its main benefits for consumers and organizations have been stated, it becomes clearer and
relevant to state the Aim and main objectives of this academic investigation.
1.2.1Aim statement:
The Aim of this research is to establish the influence that the
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Essay on Corporate Social Responsibility CSR
Corporate social responsibility 'Corporate social responsibility' (CSR) means that the firm has wider responsibilities in relation to objectives and
people apart from the owners or shareholders (Beal and Goyen 2005). These responsibilities are achieved when the firm adapts all of its practices to
ensure that it operates in ways that meet, or exceed, the ethical, legal, commercial and public expectations that society has of business. Objectives often
associated with CSR include a responsibility to manage natural assets sustainably and not to pollute by chemical discharge, smell, noise, dust or other
irritants; fair treatment of employees and ethical attitude towards clients. The other people include employees, customers, suppliers,...show more
content...
Positive CSR experiences build confidence and goodwill with stakeholders. Many organizations have developed clear CSR efforts as strategic branding
and management approach in achieving a win–win outcome. пѓ Increase market share CSR can improve the company's reputation and branding and
this in turn improves the prospects for the company to be more effective to attract new customers and increase market share. пѓ Improve the efficiency
of the operation The efficiency of a business is about productivity and effective use of resources. CSR can help to increase efficiency through
environment conservation and recycling initiatives, as part of Eco–efficiency strategy. Positive management–employee relations are also crucial in
bringing about good customer service, productivity and product innovation. пѓ Access capital easily Access to capital enables a company to grow and
make timely investment. Companies with good CSR standing are likely able to secure equity and debt capital with most ease. The growth emphasis in
Socially Responsible Investment (SRI) is a clear indication of likely future trends пѓ benefit from HR capital A company's human and intellectual
capital is one of its most valuable assets. Good workplace conditions and relations can help a company to attract, keep and develop human capital,
keeping operations and staff morale high. Employees are more likely to be motivated, committed
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Csr : Corporate Social Responsibility Essay
CSR stands for Corporate Social Responsibility and it is a concept with many definitions and practices and also a buzzword in the media. In general,
corporate social responsibility is the policies and programs of business corporations which tend to benefit society while improving a corporation's public
image and profitability at the same time. The meaning of it is implemented in different countries and companies differently.
Warren Buffet said that it takes 20 years to build a reputation and only 5 minutes to ruin it which means he mentioned the activity of the corporations
here. In accordance with Buffet's dialogue, business should be responsible to the society, environment and towards a sustainable developed planet.
Many names are used to mention CSR such as socially responsible business, responsible entrepreneurship, corporate citizenship, corporate
accountability or corporate sustainability etc. Corporate social responsibility is the continuing commitment by business companies to behave ethically
& contribute to economic development and simultaneously improve the standard of life and quality of life of the workforce & their families, local
communities and the society according to the World Business Council. For example – Eradicating extreme poverty and hunger, facilitating primary
education, promoting gender equality and empowering women, reducing child mortality, making policies for the improvement of maternal health, HIV
/ AIDS, Malaria & other fatal diseases, ensuring
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Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades, however, it has become of increasing
concern to the business world. This has resulted in growing interaction between governments, businesses and society as a whole. In the past, businesses
primarily concerned themselves with the economic results of their decisions. "Today, however, businesses must also reflect on the legal, ethical, moral
and social consequences of their decisions" (Anderson 15). This paper will discuss the concept of corporate social responsibility. It will give the
definition of the phrase, and identify some of the global factors that necessitate corporate social responsibility. It will discuss the importance of
corporations setting up corporate social responsibility projects, and the impact these have on society. Social corporate responsibility and the
maintenance of high ethical standards is not an option but an obligation for all business.
Corporate social responsibility is no longer defined by how much money a company contributes to charity, but by its overall involvement in activities
that improve the quality of people's lives. Corporate Responsibility has come up as a significant subject matter in the international business community
and is progressively becoming a mainstream activity. There is mounting recognition of the momentous effect the activities of the private sector have on
the workforce, clientele, the society, the
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Corporate Social Responsibility Essay
Many people believe that they have a social responsibility to take care of their community and the people within that community. The community can
expand from local and regional to national and international in scope. Social responsibility in not limited to individuals, but many businesses and
organization have joined the call for social responsibility. Corporate Social Responsibility, CSR, is when business and corporations make this a priority
in their operations. Two questions come to mind, why a company needs to practice CSR and how can they do it?
To address why companies need to practice CSR, Liu and Liu in their article, "Implementing Corporate External Social Responsibilities Strategies
Through, Organizational Design and...show more content...
79). Customers may purchase from a company based on a corporation's CSR. As the external stakeholders respond positively to CSR, a company will
see it as "a strategic tool to win" (Liu and Liu, p. 79). The CSR can provide a competitive edge in the open market.
As the pressure to meet the customers' expectations, a company's commitment to CSR may change. Liu and Liu state that Multinational corporations,
like Starbucks, Shell Oil, and Nike, have felt the external pressure to act more socially responsible. The negative campaigns brought against them,
compelled them to change their global image. (2009, p. 80). Although these corporations practiced CSR, the extent of their commitment changed due to
external stakeholders' perceptions. .
These changes due to increased external stakeholders pressure has also brought into question the motivation for these changes. The changes made to
satisfy just the external pressure are unacceptable. Liu and Liu note, "Some critics complain that these companies lack sincerity and only pay
lip–service to the concept" (2009, p. 80). To combat the usage of CSR to meet the needs of the shareholders, and not the stakeholders, companies
should publish CSR reports, detailing their CSR involvement in their communities (Liu and Liu, p. 79).
To address how a company can develop a CSR, in "Demystifying Corporate Responsibility," McKnight presents a method to make CSR easier for
companies. A CSR need not be expensive or
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Corporate Social Responsibility ( Csr ) Essay
Abstract:
Corporate Social Responsibility (CSR), a concept that has been around for well over 50 years, has become prominent again recently. Peter Utting
(2005) notes that an increasing number of transnational corporations (TNCs) and large domestic companies, supported by business and industry
associations, are adopting a variety of so–called voluntary CSR initiatives that incorporate, for example, 'codes of conduct; measures to improve
environmental management systems and occupational health and safety; company 'triple bottom line' reporting on financial, social, and environmental
aspects; participation in certification and labeling schemes; dialogue with stakeholders and partnerships with NGOs and UN agencies; and increased
support for community development projects and programes'. The revival of CSR is reflected also in its recent prominence in public debate. CSR
has also generated a very extensive literature in recent times. For example, a search on Google Scholar for the phrase 'corporate social responsibility'
produced 12,500 citations. A more general search of the internet on Google for the phrase 'corporatesocial responsibility' produced 12,900,000 results.
A general search for the phrase 'corporate social responsibility' on Australian sites produced 97,800 hits. This research paper is a conceptual paper
regarding CSR consists the introduction, historical background of CSR, arguments in favour and against CSR also consisting the impact of CSR on
performance of
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CORPORATE SOCIAL RESPONSIBILITY AND GLOBALISATION
INTRODUCTION
Corporate social responsibility (CSR) can be defined as the opportunities that the public has of organizations at a specified point (Carroll and
Buchholtz 2003, p. 36). The view of corporate social responsibility says that organizations have principled and generous responsibilities in order to
earn good return for investors by obeying the law appropriately. Corporate social responsibility produces an organized context how to improve and
maintain the relationship between the two dynamic individuals such as "business and community". However proprietors and managers of
organizations have involved in various activities that we currently consider CSR as practical creation to...show more content...
But 'polyani'(1994) says that mutual influence has been existing between globalization and CSR. So Polanyi (1944) said that the contemporary state
can established in combination through mobilizing the marketplace. Actually the various changes have been empowered according to the
government policies. In order to safeguard the frugality of the market against the negative aspect in public a process called "double movement" was
raised. However, based on the new ideology we can also apply this concept to create a new competitive environment based on different strategical
approaches. Although, subsequently Ruggie (2003), says nowadays part of the community is analyzed by various system of government like IMF and
various other (MNCs). In one context globalization provides companies the part of the standard, where it is linked to business social responsibility
from one point; this says that the corporate social behavior is responsible to overcome the various hurdles in reaction to the new role.
The Corporate Social Responsibility (CSR) practice has been improved in significant manner from the past traditions. Though, as an alternative of
representing a fundamental shift from destructive practices, the various MNCs has been restricting the exposure towards only short term gains
regarding their profits only (Harvey, 2009). When it comes to
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Corporate Social Responsibility Essay
Assessment 2: Research Project/Essay Business Ethics, Corporate Social Responsibility, & Globalisation, within the Global Electronics Industry
Presented to: Dr Gustavo Guzman 7112IBA Globalisation & Corporate Social Responsibility, G01_2.13A, Griffith Business School, Gold Coast
Campus Prepared by Kevin Vohra 2746020 Word Count = October
–29–2011 INTRODUCTION The global electronics industry comprises of many
partners that make up a complex international supply chain. Due to globalisation, TNCs have set up subsidiaries that operate in under developed
foreign countries like Asia. They operate in the areas of manufacturing of components for computers, assembly, contractors, suppliers, software,
technical...show more content...
The 3 main issues reviewed include, (1) social issues such as; gender inequalities, discrimination based on colour, healthy working conditions. (2)
Environmental issues consist of the following; green house gases, pollution, product materials, recycling. (3) Economic issues; tax havens, e–waste,
and trading zones ETZ. SOCIAL Social issues in the electronics sector involve issues such as woman rights. Many countries in Asia (Thailand, China,
Philippines, and Malaysia), gender inequalities exist and women have less rights then men. As stated by Adler, Anecdotal evidence suggests that
gender–based employment discrimination is common in Thailand, as elsewhere in much of east and South–East Asia. Keys mentions that traditionally,
Thai society has been quite patriarchal in character, with women expected to play a subordinate role (Thailand, 1996). Women are increasingly being
exploited in the manufacturing phases of circuit boards for computers. They are discriminated based on gender, cast, ethnicity, political affiliation and
age. In
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Corporate Social Responsibility
Living Dangerously in Two Worlds In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility
(CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of
society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders,
as well as the environment. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations
voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and...show more
content...
Marks and Spencer is also active in this community through the building of a trade network with the community – guaranteeing regular fair–trade
purchases. Often alternative approaches to this are the establishment of education facilities for adults, as well as HIV/AIDS education programmers.
The majority of these CSR projects are established in Africa. A more common approach of CSR is through the giving of aid to local organizations and
impoverished communities in developing countries. Some organizations do not like this approach as it does not help build on the skills of the local
people, whereas community–based development generally leads to more sustainable development. Some nations require CSR reporting, though
agreement on meaningful measurements of social and environmental performance is difficult. Many companies now produce externally audited annual
reports that cover Sustainable Development and CSR issues, but the reports vary widely in format, style, and evaluation methodology. Critics dismiss
these reports as lip service, citing examples such as Enron 's yearly "Corporate Responsibility Annual Report" and tobacco corporations ' social
reports. Business Benefits The scale and nature of the benefits of CSR for an organization can vary depending on the nature of the enterprise, and are
difficult to quantify, though there is a large body of literature exhorting business to
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Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company's obligation to be accountable to all of its stakeholder in all its
operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making
decisions, balancing the needs of stakeholder with their need to make profit. A company's stakeholders are all those who are influenced by and can
influence a company's decisions and action, both locally and globally. Business stakeholders include(but are not limited to) employees, suppliers,
customer, community organizations, subsidiaries and affiliates, joint venture partners, local neighborhoods, investors, shareholders(or a sole owner in
case it is sole...show more content...
Some would argue that the only reason to take on social projects is for utilitarian reasons, such as currying favor with the public or with government, or
to improve market standing. Others, such as the philosopher Michael E. Berumen, suggest that a business is property belonging to the owners, not
stakeholders, and that a business is not equivalent to a mini–state for the purpose of creating social justice or carrying out social planning, and that the
owners have the right to dispose of their property as they see fit within the limits of morality, including for profit, social good, or both. Proponents
of CSR would suggest a number of reasons why self interested corporations, seeking to solely to maximize profits are unable to advance the
interests of society as a whole: Corporations care little for the welfare of the workers, and given the opportunity will move production to sweatshops
in less well regulated countries. Unchecked, companies will squander scarce resources. Companies do not pay the full costs of their impact. For
example the costs of cleaning pollution often fall on society in general. As a result profits of corporations are enhanced at the expense of social or
ecological welfare. Regulation is the best way to ensure that companies
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Essay about Corporate Social Responsibility Plan
RUNNING HEADER: Corporate Social Responsibility Plan
Corporate Social Responsibility Plan
CM225–23
MEMORANDUM
Thank you for allowing a platform for me to provide evidence as to why the implementation of a Corporate Social Responsibility Plan would be
beneficial to Geometric. The information that follows provides information and examples of CSR plans. There is evidence to support the cost
effectiveness of these plans.
If you have any questions or concerns about any of the information provided, I would be happy to address these at your convenience. .
Adopting a strategic Corporate Social Responsibility plan provides a business opportunities and possibilities for business growth, attracting employees
and maintaining employee...show more content...
Coca–Cola has a commitment goal to "Create a culture where diversity is valued, every employee is a respected member of the team, and our
workforce is a reflection of the communities in which we operate" Companies must make a commitment towards giving back to employees to ensure
the viability and profitability of the business. Adopting a Corporate Social Responsibility plan will make any company more profitable. Implementing a
CSR must start with becoming aware of the concept and what it means to be socially responsible to employees. This will form a solid foundation for
understanding and developing a CRS plan dedicated to employee development.
Companies that offer training and career development, become an organization with employees that are more capable and willing to accept
responsibility and control over the role they play as a part of the company's success. Well–trained employees often need less supervision, leaving
management more time to focus on other vital areas of the business. Additionally, a well–trained employee more often that not has a higher level of
efficiency, and is prone to be more dedicated and have a vested interest in the growth and profitability of the organization. CSR will reduce costs and
raise shareholder value by reducing turnover and creating a more marketable staff.
There are many advantages that will offset any expense incurred by implementing
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Essay On Corporate Social Responsibility
Introduction:
Social responsibility has been always a point of discussion for entrepreneurs, nevertheless, not till recently have there been debates on its importance.
This paper will be discussing the effect of corporate social responsibility on the financial performance of a company. This report first addresses the
methodology used in searching for relevant resources in the first section of the report, section two summarizes the research while critically analyzing
the sources used to answer this paper and the final section will be the conclusion.
Methodology of Search:
For this report a systematic approach has been used in researching the research question trying to find all possible relevant information and data through
secondary...show more content...
Ross, D. (2017)
Impact of CSR on stakeholders of a business
New model introduced to deal with the issue discussed.
Santoso, A. and Feliana, Y. (2014)
Effect of CSR on financial performance in the Indonesian stock exchange
Even the financial industry requires CSR in order to increase financial performance
Singh, A. (2011)
Main challenges for CSR
Brief on the main issues and challenges of CSR
Shang, J (2013)
Negative effect of CSR
A study on the negative impact of CSR on both firms and consumers supported with research and evidence.
After carefully examining different theories and case studies on the relation between corporate social responsibility and financial performance,
evaluating and critically analyzing the topic was possible. Even though social issues have been questioned for years, yet only recently have it become
a main issue that is usually addressed by companies and corporations (Ahen and Zetting, 2015). An increased demand in research on CSR has shown
that some companies have reacted to this matter by investing more in corporate social responsibility as it increases competitive advantage (Crane and
Glozer, 2016). CSR can be used as an aggressive business strategy and an efficient marketing tool in order to design and sustain a competitive
advantage over competitors (Crane and Glozer, 2016). Corporations understood that in order to be able to function profitably and be competitive in a
very competitive market they must
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Corporate Social Responsibility Essay
Organizations realize that it is important to attract highly skilled and qualified employees, because these employees are a necessary component of the
competitive advantage that organizations want to achieve (Greening & Turban, 2000). Corporate Social Responsible actions of an organization can be
a manner to attract highly skilled and qualified employees, because prior research assumes that organization's CSR activities comprise a legitimate and
compelling way to attract them (Bhattacharya et al., 2008).
Previous research on Corporate Social Responsibility focused mainly on stakeholder groups such as consumers and investors. However, very little
research has been carried out to the effects of Corporate Social Responsibilities on...show more content...
They seek a person–organization fit. Although, the new generation only applies to a few, Professor Roobeek (2010) emphasizes the importance of
organization to take action on this matter. Organizations should communicate their Corporate Social Responsibility actions to these new high potentials.
Only, before that can happen, it is important for organizations to know what potential employees triggers in applying for a job, what their motivation
is, which values they share and whether or not these values match the companies values. In other words, is there a ' Person–Organization fit?
This Person–Organization fit is an important factor in the search for good employees.
The core of Person–Organization fit, is the 'right' fit between the values of individuals and values of organizations. Prospective employees will prefer
to work in organizations where the organizational values are in line with their own values (Cable & Judge, 1994). Incorporating Corporate Social
Responsibility in job advertisements and in their communication may attract and motivate new high potentials to apply to the job (Aiman–Smith,
Bauer, & Cable, 2001). These Corporate Social Responsibilities should be imbedded in their recruiting process and/or activities in their search for new
employees. This can be done for example, on the organization' job page, recruitment websites and job advertisements.
Corporate Social
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Corporate Social Responsibility Essay
Corporate social responsibility (CSR), has been the centre of debate since the last decade, with the increase in technology and globalization, company
policies have come under a lot of scrutiny. Although this issue is not relatively new but with the hype of increasing media coverage and in the wake of
high profile corporate scandals (Enron, WorldCom) the emphasis has mounted (Huczynski and Buchanan, 2013). Organizations play a vital and ever so
increasing role in the lives of people, other organizations and the wider community in general (Mullins, 2013). Hence it is the responsibility of these
organizations to act in such a manner that accommodates the wider society. In 1970, economist Milton Friedman once argued "the business of business
...show more content...
Although it is still contested whether organization have a social responsibility beyond making profit, but there seems to be increasing internal and
external pressures on companies to satisfy wider societal goals (Aguilera et al, 2007). It is long understood that a strong company reputation and
imagine is a significant factor that determine the success or failure of organizations, however CSR has only just recently been acknowledges as an
important factor that contributes to corporate reputation. A strong corporate reputation no doubt contributes to competitive advantage but stakeholders
are being skeptical about firms intentions in engaging in CSR activities, some might perceive it as a worthy cause while other are beginning to wonder
whether the CSR is genuinely altruistic or is it just another marketing ploy for companies own self–interest (Arendt and brettel, 2010).
Companies are involved in various scandal, which leads to a negative company imagine and decreases the value of company shares, this is inconsistent
with the company goals to making profit, in order to reflect a more positive image and to strengthen their reputation as "responsible corporate citizens"
they engage in corporate social responsibility activities (Huczynski and Buchanan, 2013). This might not always
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Corporate Social Responsibility
Corporate social responsibility is becoming a key initiative and an essential tool in the growth of multinational corporations and the development of
third world countries throughout the globe. The two concepts can work hand in hand to provide benefits for all; however difficulties in regulating and
implementing corporate social responsibility need to be overcome before effective changes can be made.
Definitions of corporate social responsibility can be somewhat varied depending on the perception and perspective an individual or group has towards
the situation; the definition has also varied through time. In general terms, Manakkalathll & Rudolf (1995) define corporate social responsibility (CSR)
as "the duty of organisations to...show more content...
"CSR is now intertwined with international development and the related goals of poverty alleviation and sustainability," (Blowfield, 2005). There are
many benefits for a company who develops a high CSR profile. Although the costs of implementing a CSR strategy can be high, the overall outcome
can prove most beneficial for both the bottom line and reputation of the company; as well as the development of third world countries and as stated
above, the alleviation of poverty.
The Body Shop is an example of an organisation that is highly successful due to their deep commitment to social responsibility and environmental
change. The core values that drive their business include being: against animal testing, supporting community trade, activating self esteem, defending
human rights, and protecting our planet. The Body Shop thrives off these beliefs, and in staying true to themselves and the positive development of our
world, they have become one of the most respected, internationally successful, socially responsible organisations in the world. Company CEO Jean
Paul Agon states that "their values have been upheld for over thirty years...and they will continue to be nurtured for the benefit of all," (The Body Shop
Values CSR Report 2007).
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Leadership,Ethics&SocialResponsibility–В‐Term2,2014CSRAnalysisAssignmentSubmittedbyArunSareen:StudentNo.599078Leadership,EthicsandSoc
...show more content...
COGbelievesinworkplacesafety.Ithasregularauditsconductedbybothinternalandexternalauditorstomonitorandevaluatetheworkingconditionsoftheirsuppliers.
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Corporate Social Responsibility Essay
Introduction
This paper will discuss what major corporations doing with regard to corporate social responsibility. It will then investigate thoroughly five five major
corporations which are leaders in community outreach and involvement: General Electric, DuPont, Motorola, ExxonMobil and Microsoft.
Many large corporations are taking corporate social responsibility into account and making it a part of their everyday routine. Various companies have
modified their ways of conducting day–to–day business routines and manufacturing processes in an effort to reduce their carbon footprint and help
maintain sustainability. Companies are encouraging employees to volunteer and make a difference in surrounding communities. In this way they are
...show more content...
Motorola's Environmental Footprint
Sustainability
Motorola is also contributing to corporate responsibility in several ways. Motorola contributes to the effort of reducing climate change by minimizing
energy consumption for building and equipment operations. Motorola conserves energy by efficiently transporting employees and products. One of the
greatest impacts of Motorola is the reduced energy consumed when people use their products, which will help maintain sustainability by reducing
energy consumption. They also contribute by ensuring that the activities of suppliers who make Motorola products not disregard the environment.
Motorola has a supplier code of conduct which enforces that suppliers do the right thing and work toward continuous improvement. Motorola aims to
reduce the environmental footprint of their products by finding ways to reduce impact at each stage of the lifecycle – design, manufacture, distribution,
use and end–of–life. Sustainability plays a major role in Motorola's day–to–day business activities.
Motorola follows these environmentally–conscious design principles:
Use environmentally–preferred materials
Increase the amount of recycled materials
Improve energy efficiency
Reduce product packaging
Increase the recyclability of our products
Go above and beyond compliance
Connecting the Unconnected
Motorola helps benefit communities and local economies by connecting the unconnected with products
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Reflection On Corporate Social Responsibility
From the beginning of Fall semester BUAD 3111, I was not sure exactly which topic would provide a key learning experience in this class. I must
point out the fact that learning of the impact of Corporate Social Responsibility (CSR) has and will affect me as I develop my career. Based on the
lectures and research to answer the discussion questions, I see the great importance CSR plays in the business world. CSR demonstrates to both
consumers and the media that a company takes an interest in wider social issues that have no direct impact on profit margins. These issues may be
local, national or global, with a concern for the health and wellness of others. Nevertheless, to provide additional insight as to the impact of a company's
CSR policy, I will define CSR and business ethic fundamentals, identify stakeholder's roles, discuss consumers as stakeholders' information issues
/responses and lastly, discuss the natural environment as a stakeholder. In my attempt to further explain, CSR is a model for incorporating ethical
business regulations into a business model. This model provides companies a framework to embrace a responsibility towards the employees,
community, and the environment. In other words, their financial success or profit, their contributions to a livable environment and their contribution to
solving social problems. The business contribution to a charity, cause or community can be a significant amount of charitable funds, product donations
or other ventures. For
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Corporate Social Responsibilities Essay

  • 1. Corporate Social Responsibilities Essay On September 13, 1970, Milton Friedman wrote and article, Social Responsibility of Business is to Increase its Profits. One of Milton's theories suggested that the only legitimate incentive for a corporation to exist is to maximize its profits with its shareholders. As companies progress over time, so does the reason for the company existence. "What makes a stake holder?" Isabel Hilton (GE Stakeholders 2009) "What makes a stake holder? If you take a broad view of business then almost anyone who is affect by the operation of the business is a stakeholder. There's a narrow view, which is about shareholding, profit, and profit line. But there's a much wider view, which is all the other activities, all the other impacts that business can ...show more content... Many consumers are now looking into companies who promote organization that are socially and environmentally responsible. "It may well be in the long run interest of a corporation that is a major employer in a small community to devote resources to providing amenities to that community or to improving its government. That may make it easier to attract desirable employees..." (Friedman, Milton 1970) Corporate social responsibility is an ideology where a company and/or organization(s) have to act upon an obligation that will help to benefit communities, society, and environment around them. Numerous of corporation created a section or division to help the relationship between businesses and society. To demonstrate how corporate social responsibilities are divided based on strength and concerns from the past to the future, consider General Electrics (GE). General Electrics, "GE (NYSE: GE) is a diversified infrastructure, finance and media company taking on the world's toughest challenges. From aircraft engines and power generation to financial services, medical imaging, and television programming, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com." (Business Wired 2009) GE is located in the United States and their industry sector is capital goods. General Electric is one of the largest publicly owned and operated companies in the world. Get more content on HelpWriting.net
  • 2. Corporate Social Responsibility Essay Chapter I: Introduction 1.1 Background Corporate social responsibility according to Henderson (2001) can be defined as the commitment of organizations to help society by improving working and living conditions of employees, their families, and the community as a whole. The use of CSR as a discipline has its foundation on past centuries, when some kind of social awareness was practiced by companies at the time, nevertheless most authors concur that from the 1960's onwards, the developmental pace of the subject increase considerably and it became the real basis in which CSR stands in current times, each of the last five decades has played an important role for the discipline, especially the 1990's decade when general social...show more content... The correct establishment of these responsible guidelines would probably enrich the relationships that the corporation holds with stakeholders and any other entity that is affected by their operations. However, it is also important to understand the effects thatsocial responsibility actions have on the purchase intention of consumers. Several researches have explored the connection between CSR and purchase intention. Creyer and Ross (1997) found that the ethical behaviour of companies in considered by consumers during purchase decision. Mohr et al. (2001) also supported this assumption and suggested that there is a 'substantial market segment' paying attention to companies' CSR practices. Aresearch developed by Prabu et al. (2005) obtained similar findings and added that Social Responsibility has as well a positive effect on corporate identity. 1.2 Research Aim and Objectives Once a brief overview of the CSR discipline as well as its main benefits for consumers and organizations have been stated, it becomes clearer and relevant to state the Aim and main objectives of this academic investigation. 1.2.1Aim statement:
  • 3. The Aim of this research is to establish the influence that the Get more content on HelpWriting.net
  • 4. Essay on Corporate Social Responsibility CSR Corporate social responsibility 'Corporate social responsibility' (CSR) means that the firm has wider responsibilities in relation to objectives and people apart from the owners or shareholders (Beal and Goyen 2005). These responsibilities are achieved when the firm adapts all of its practices to ensure that it operates in ways that meet, or exceed, the ethical, legal, commercial and public expectations that society has of business. Objectives often associated with CSR include a responsibility to manage natural assets sustainably and not to pollute by chemical discharge, smell, noise, dust or other irritants; fair treatment of employees and ethical attitude towards clients. The other people include employees, customers, suppliers,...show more content... Positive CSR experiences build confidence and goodwill with stakeholders. Many organizations have developed clear CSR efforts as strategic branding and management approach in achieving a win–win outcome. пѓ Increase market share CSR can improve the company's reputation and branding and this in turn improves the prospects for the company to be more effective to attract new customers and increase market share. пѓ Improve the efficiency of the operation The efficiency of a business is about productivity and effective use of resources. CSR can help to increase efficiency through environment conservation and recycling initiatives, as part of Eco–efficiency strategy. Positive management–employee relations are also crucial in bringing about good customer service, productivity and product innovation. пѓ Access capital easily Access to capital enables a company to grow and make timely investment. Companies with good CSR standing are likely able to secure equity and debt capital with most ease. The growth emphasis in Socially Responsible Investment (SRI) is a clear indication of likely future trends пѓ benefit from HR capital A company's human and intellectual capital is one of its most valuable assets. Good workplace conditions and relations can help a company to attract, keep and develop human capital, keeping operations and staff morale high. Employees are more likely to be motivated, committed Get more content on HelpWriting.net
  • 5. Csr : Corporate Social Responsibility Essay CSR stands for Corporate Social Responsibility and it is a concept with many definitions and practices and also a buzzword in the media. In general, corporate social responsibility is the policies and programs of business corporations which tend to benefit society while improving a corporation's public image and profitability at the same time. The meaning of it is implemented in different countries and companies differently. Warren Buffet said that it takes 20 years to build a reputation and only 5 minutes to ruin it which means he mentioned the activity of the corporations here. In accordance with Buffet's dialogue, business should be responsible to the society, environment and towards a sustainable developed planet. Many names are used to mention CSR such as socially responsible business, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability etc. Corporate social responsibility is the continuing commitment by business companies to behave ethically & contribute to economic development and simultaneously improve the standard of life and quality of life of the workforce & their families, local communities and the society according to the World Business Council. For example – Eradicating extreme poverty and hunger, facilitating primary education, promoting gender equality and empowering women, reducing child mortality, making policies for the improvement of maternal health, HIV / AIDS, Malaria & other fatal diseases, ensuring Get more content on HelpWriting.net
  • 6. Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades, however, it has become of increasing concern to the business world. This has resulted in growing interaction between governments, businesses and society as a whole. In the past, businesses primarily concerned themselves with the economic results of their decisions. "Today, however, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions" (Anderson 15). This paper will discuss the concept of corporate social responsibility. It will give the definition of the phrase, and identify some of the global factors that necessitate corporate social responsibility. It will discuss the importance of corporations setting up corporate social responsibility projects, and the impact these have on society. Social corporate responsibility and the maintenance of high ethical standards is not an option but an obligation for all business. Corporate social responsibility is no longer defined by how much money a company contributes to charity, but by its overall involvement in activities that improve the quality of people's lives. Corporate Responsibility has come up as a significant subject matter in the international business community and is progressively becoming a mainstream activity. There is mounting recognition of the momentous effect the activities of the private sector have on the workforce, clientele, the society, the Get more content on HelpWriting.net
  • 7. Corporate Social Responsibility Essay Many people believe that they have a social responsibility to take care of their community and the people within that community. The community can expand from local and regional to national and international in scope. Social responsibility in not limited to individuals, but many businesses and organization have joined the call for social responsibility. Corporate Social Responsibility, CSR, is when business and corporations make this a priority in their operations. Two questions come to mind, why a company needs to practice CSR and how can they do it? To address why companies need to practice CSR, Liu and Liu in their article, "Implementing Corporate External Social Responsibilities Strategies Through, Organizational Design and...show more content... 79). Customers may purchase from a company based on a corporation's CSR. As the external stakeholders respond positively to CSR, a company will see it as "a strategic tool to win" (Liu and Liu, p. 79). The CSR can provide a competitive edge in the open market. As the pressure to meet the customers' expectations, a company's commitment to CSR may change. Liu and Liu state that Multinational corporations, like Starbucks, Shell Oil, and Nike, have felt the external pressure to act more socially responsible. The negative campaigns brought against them, compelled them to change their global image. (2009, p. 80). Although these corporations practiced CSR, the extent of their commitment changed due to external stakeholders' perceptions. . These changes due to increased external stakeholders pressure has also brought into question the motivation for these changes. The changes made to satisfy just the external pressure are unacceptable. Liu and Liu note, "Some critics complain that these companies lack sincerity and only pay lip–service to the concept" (2009, p. 80). To combat the usage of CSR to meet the needs of the shareholders, and not the stakeholders, companies should publish CSR reports, detailing their CSR involvement in their communities (Liu and Liu, p. 79). To address how a company can develop a CSR, in "Demystifying Corporate Responsibility," McKnight presents a method to make CSR easier for companies. A CSR need not be expensive or Get more content on HelpWriting.net
  • 8. Corporate Social Responsibility ( Csr ) Essay Abstract: Corporate Social Responsibility (CSR), a concept that has been around for well over 50 years, has become prominent again recently. Peter Utting (2005) notes that an increasing number of transnational corporations (TNCs) and large domestic companies, supported by business and industry associations, are adopting a variety of so–called voluntary CSR initiatives that incorporate, for example, 'codes of conduct; measures to improve environmental management systems and occupational health and safety; company 'triple bottom line' reporting on financial, social, and environmental aspects; participation in certification and labeling schemes; dialogue with stakeholders and partnerships with NGOs and UN agencies; and increased support for community development projects and programes'. The revival of CSR is reflected also in its recent prominence in public debate. CSR has also generated a very extensive literature in recent times. For example, a search on Google Scholar for the phrase 'corporate social responsibility' produced 12,500 citations. A more general search of the internet on Google for the phrase 'corporatesocial responsibility' produced 12,900,000 results. A general search for the phrase 'corporate social responsibility' on Australian sites produced 97,800 hits. This research paper is a conceptual paper regarding CSR consists the introduction, historical background of CSR, arguments in favour and against CSR also consisting the impact of CSR on performance of Get more content on HelpWriting.net
  • 9. CORPORATE SOCIAL RESPONSIBILITY AND GLOBALISATION INTRODUCTION Corporate social responsibility (CSR) can be defined as the opportunities that the public has of organizations at a specified point (Carroll and Buchholtz 2003, p. 36). The view of corporate social responsibility says that organizations have principled and generous responsibilities in order to earn good return for investors by obeying the law appropriately. Corporate social responsibility produces an organized context how to improve and maintain the relationship between the two dynamic individuals such as "business and community". However proprietors and managers of organizations have involved in various activities that we currently consider CSR as practical creation to...show more content... But 'polyani'(1994) says that mutual influence has been existing between globalization and CSR. So Polanyi (1944) said that the contemporary state can established in combination through mobilizing the marketplace. Actually the various changes have been empowered according to the government policies. In order to safeguard the frugality of the market against the negative aspect in public a process called "double movement" was raised. However, based on the new ideology we can also apply this concept to create a new competitive environment based on different strategical approaches. Although, subsequently Ruggie (2003), says nowadays part of the community is analyzed by various system of government like IMF and various other (MNCs). In one context globalization provides companies the part of the standard, where it is linked to business social responsibility from one point; this says that the corporate social behavior is responsible to overcome the various hurdles in reaction to the new role. The Corporate Social Responsibility (CSR) practice has been improved in significant manner from the past traditions. Though, as an alternative of representing a fundamental shift from destructive practices, the various MNCs has been restricting the exposure towards only short term gains regarding their profits only (Harvey, 2009). When it comes to Get more content on HelpWriting.net
  • 10. Corporate Social Responsibility Essay Assessment 2: Research Project/Essay Business Ethics, Corporate Social Responsibility, & Globalisation, within the Global Electronics Industry Presented to: Dr Gustavo Guzman 7112IBA Globalisation & Corporate Social Responsibility, G01_2.13A, Griffith Business School, Gold Coast Campus Prepared by Kevin Vohra 2746020 Word Count = October –29–2011 INTRODUCTION The global electronics industry comprises of many partners that make up a complex international supply chain. Due to globalisation, TNCs have set up subsidiaries that operate in under developed foreign countries like Asia. They operate in the areas of manufacturing of components for computers, assembly, contractors, suppliers, software, technical...show more content... The 3 main issues reviewed include, (1) social issues such as; gender inequalities, discrimination based on colour, healthy working conditions. (2) Environmental issues consist of the following; green house gases, pollution, product materials, recycling. (3) Economic issues; tax havens, e–waste, and trading zones ETZ. SOCIAL Social issues in the electronics sector involve issues such as woman rights. Many countries in Asia (Thailand, China, Philippines, and Malaysia), gender inequalities exist and women have less rights then men. As stated by Adler, Anecdotal evidence suggests that gender–based employment discrimination is common in Thailand, as elsewhere in much of east and South–East Asia. Keys mentions that traditionally, Thai society has been quite patriarchal in character, with women expected to play a subordinate role (Thailand, 1996). Women are increasingly being exploited in the manufacturing phases of circuit boards for computers. They are discriminated based on gender, cast, ethnicity, political affiliation and age. In Get more content on HelpWriting.net
  • 11. Corporate Social Responsibility Living Dangerously in Two Worlds In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility (CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and...show more content... Marks and Spencer is also active in this community through the building of a trade network with the community – guaranteeing regular fair–trade purchases. Often alternative approaches to this are the establishment of education facilities for adults, as well as HIV/AIDS education programmers. The majority of these CSR projects are established in Africa. A more common approach of CSR is through the giving of aid to local organizations and impoverished communities in developing countries. Some organizations do not like this approach as it does not help build on the skills of the local people, whereas community–based development generally leads to more sustainable development. Some nations require CSR reporting, though agreement on meaningful measurements of social and environmental performance is difficult. Many companies now produce externally audited annual reports that cover Sustainable Development and CSR issues, but the reports vary widely in format, style, and evaluation methodology. Critics dismiss these reports as lip service, citing examples such as Enron 's yearly "Corporate Responsibility Annual Report" and tobacco corporations ' social reports. Business Benefits The scale and nature of the benefits of CSR for an organization can vary depending on the nature of the enterprise, and are difficult to quantify, though there is a large body of literature exhorting business to Get more content on HelpWriting.net
  • 12. Corporate Social Responsibility CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company's obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit. A company's stakeholders are all those who are influenced by and can influence a company's decisions and action, both locally and globally. Business stakeholders include(but are not limited to) employees, suppliers, customer, community organizations, subsidiaries and affiliates, joint venture partners, local neighborhoods, investors, shareholders(or a sole owner in case it is sole...show more content... Some would argue that the only reason to take on social projects is for utilitarian reasons, such as currying favor with the public or with government, or to improve market standing. Others, such as the philosopher Michael E. Berumen, suggest that a business is property belonging to the owners, not stakeholders, and that a business is not equivalent to a mini–state for the purpose of creating social justice or carrying out social planning, and that the owners have the right to dispose of their property as they see fit within the limits of morality, including for profit, social good, or both. Proponents of CSR would suggest a number of reasons why self interested corporations, seeking to solely to maximize profits are unable to advance the interests of society as a whole: Corporations care little for the welfare of the workers, and given the opportunity will move production to sweatshops in less well regulated countries. Unchecked, companies will squander scarce resources. Companies do not pay the full costs of their impact. For example the costs of cleaning pollution often fall on society in general. As a result profits of corporations are enhanced at the expense of social or ecological welfare. Regulation is the best way to ensure that companies Get more content on HelpWriting.net
  • 13. Essay about Corporate Social Responsibility Plan RUNNING HEADER: Corporate Social Responsibility Plan Corporate Social Responsibility Plan CM225–23 MEMORANDUM Thank you for allowing a platform for me to provide evidence as to why the implementation of a Corporate Social Responsibility Plan would be beneficial to Geometric. The information that follows provides information and examples of CSR plans. There is evidence to support the cost effectiveness of these plans. If you have any questions or concerns about any of the information provided, I would be happy to address these at your convenience. . Adopting a strategic Corporate Social Responsibility plan provides a business opportunities and possibilities for business growth, attracting employees and maintaining employee...show more content... Coca–Cola has a commitment goal to "Create a culture where diversity is valued, every employee is a respected member of the team, and our workforce is a reflection of the communities in which we operate" Companies must make a commitment towards giving back to employees to ensure the viability and profitability of the business. Adopting a Corporate Social Responsibility plan will make any company more profitable. Implementing a CSR must start with becoming aware of the concept and what it means to be socially responsible to employees. This will form a solid foundation for understanding and developing a CRS plan dedicated to employee development. Companies that offer training and career development, become an organization with employees that are more capable and willing to accept responsibility and control over the role they play as a part of the company's success. Well–trained employees often need less supervision, leaving management more time to focus on other vital areas of the business. Additionally, a well–trained employee more often that not has a higher level of efficiency, and is prone to be more dedicated and have a vested interest in the growth and profitability of the organization. CSR will reduce costs and raise shareholder value by reducing turnover and creating a more marketable staff. There are many advantages that will offset any expense incurred by implementing
  • 14. Get more content on HelpWriting.net
  • 15. Essay On Corporate Social Responsibility Introduction: Social responsibility has been always a point of discussion for entrepreneurs, nevertheless, not till recently have there been debates on its importance. This paper will be discussing the effect of corporate social responsibility on the financial performance of a company. This report first addresses the methodology used in searching for relevant resources in the first section of the report, section two summarizes the research while critically analyzing the sources used to answer this paper and the final section will be the conclusion. Methodology of Search: For this report a systematic approach has been used in researching the research question trying to find all possible relevant information and data through secondary...show more content... Ross, D. (2017) Impact of CSR on stakeholders of a business New model introduced to deal with the issue discussed. Santoso, A. and Feliana, Y. (2014) Effect of CSR on financial performance in the Indonesian stock exchange Even the financial industry requires CSR in order to increase financial performance Singh, A. (2011) Main challenges for CSR Brief on the main issues and challenges of CSR Shang, J (2013) Negative effect of CSR A study on the negative impact of CSR on both firms and consumers supported with research and evidence. After carefully examining different theories and case studies on the relation between corporate social responsibility and financial performance, evaluating and critically analyzing the topic was possible. Even though social issues have been questioned for years, yet only recently have it become a main issue that is usually addressed by companies and corporations (Ahen and Zetting, 2015). An increased demand in research on CSR has shown that some companies have reacted to this matter by investing more in corporate social responsibility as it increases competitive advantage (Crane and Glozer, 2016). CSR can be used as an aggressive business strategy and an efficient marketing tool in order to design and sustain a competitive
  • 16. advantage over competitors (Crane and Glozer, 2016). Corporations understood that in order to be able to function profitably and be competitive in a very competitive market they must Get more content on HelpWriting.net
  • 17. Corporate Social Responsibility Essay Organizations realize that it is important to attract highly skilled and qualified employees, because these employees are a necessary component of the competitive advantage that organizations want to achieve (Greening & Turban, 2000). Corporate Social Responsible actions of an organization can be a manner to attract highly skilled and qualified employees, because prior research assumes that organization's CSR activities comprise a legitimate and compelling way to attract them (Bhattacharya et al., 2008). Previous research on Corporate Social Responsibility focused mainly on stakeholder groups such as consumers and investors. However, very little research has been carried out to the effects of Corporate Social Responsibilities on...show more content... They seek a person–organization fit. Although, the new generation only applies to a few, Professor Roobeek (2010) emphasizes the importance of organization to take action on this matter. Organizations should communicate their Corporate Social Responsibility actions to these new high potentials. Only, before that can happen, it is important for organizations to know what potential employees triggers in applying for a job, what their motivation is, which values they share and whether or not these values match the companies values. In other words, is there a ' Person–Organization fit? This Person–Organization fit is an important factor in the search for good employees. The core of Person–Organization fit, is the 'right' fit between the values of individuals and values of organizations. Prospective employees will prefer to work in organizations where the organizational values are in line with their own values (Cable & Judge, 1994). Incorporating Corporate Social Responsibility in job advertisements and in their communication may attract and motivate new high potentials to apply to the job (Aiman–Smith, Bauer, & Cable, 2001). These Corporate Social Responsibilities should be imbedded in their recruiting process and/or activities in their search for new employees. This can be done for example, on the organization' job page, recruitment websites and job advertisements. Corporate Social Get more content on HelpWriting.net
  • 18. Corporate Social Responsibility Essay Corporate social responsibility (CSR), has been the centre of debate since the last decade, with the increase in technology and globalization, company policies have come under a lot of scrutiny. Although this issue is not relatively new but with the hype of increasing media coverage and in the wake of high profile corporate scandals (Enron, WorldCom) the emphasis has mounted (Huczynski and Buchanan, 2013). Organizations play a vital and ever so increasing role in the lives of people, other organizations and the wider community in general (Mullins, 2013). Hence it is the responsibility of these organizations to act in such a manner that accommodates the wider society. In 1970, economist Milton Friedman once argued "the business of business ...show more content... Although it is still contested whether organization have a social responsibility beyond making profit, but there seems to be increasing internal and external pressures on companies to satisfy wider societal goals (Aguilera et al, 2007). It is long understood that a strong company reputation and imagine is a significant factor that determine the success or failure of organizations, however CSR has only just recently been acknowledges as an important factor that contributes to corporate reputation. A strong corporate reputation no doubt contributes to competitive advantage but stakeholders are being skeptical about firms intentions in engaging in CSR activities, some might perceive it as a worthy cause while other are beginning to wonder whether the CSR is genuinely altruistic or is it just another marketing ploy for companies own self–interest (Arendt and brettel, 2010). Companies are involved in various scandal, which leads to a negative company imagine and decreases the value of company shares, this is inconsistent with the company goals to making profit, in order to reflect a more positive image and to strengthen their reputation as "responsible corporate citizens" they engage in corporate social responsibility activities (Huczynski and Buchanan, 2013). This might not always Get more content on HelpWriting.net
  • 19. Corporate Social Responsibility Corporate social responsibility is becoming a key initiative and an essential tool in the growth of multinational corporations and the development of third world countries throughout the globe. The two concepts can work hand in hand to provide benefits for all; however difficulties in regulating and implementing corporate social responsibility need to be overcome before effective changes can be made. Definitions of corporate social responsibility can be somewhat varied depending on the perception and perspective an individual or group has towards the situation; the definition has also varied through time. In general terms, Manakkalathll & Rudolf (1995) define corporate social responsibility (CSR) as "the duty of organisations to...show more content... "CSR is now intertwined with international development and the related goals of poverty alleviation and sustainability," (Blowfield, 2005). There are many benefits for a company who develops a high CSR profile. Although the costs of implementing a CSR strategy can be high, the overall outcome can prove most beneficial for both the bottom line and reputation of the company; as well as the development of third world countries and as stated above, the alleviation of poverty. The Body Shop is an example of an organisation that is highly successful due to their deep commitment to social responsibility and environmental change. The core values that drive their business include being: against animal testing, supporting community trade, activating self esteem, defending human rights, and protecting our planet. The Body Shop thrives off these beliefs, and in staying true to themselves and the positive development of our world, they have become one of the most respected, internationally successful, socially responsible organisations in the world. Company CEO Jean Paul Agon states that "their values have been upheld for over thirty years...and they will continue to be nurtured for the benefit of all," (The Body Shop Values CSR Report 2007). Get more content on HelpWriting.net
  • 21. Corporate Social Responsibility Essay Introduction This paper will discuss what major corporations doing with regard to corporate social responsibility. It will then investigate thoroughly five five major corporations which are leaders in community outreach and involvement: General Electric, DuPont, Motorola, ExxonMobil and Microsoft. Many large corporations are taking corporate social responsibility into account and making it a part of their everyday routine. Various companies have modified their ways of conducting day–to–day business routines and manufacturing processes in an effort to reduce their carbon footprint and help maintain sustainability. Companies are encouraging employees to volunteer and make a difference in surrounding communities. In this way they are ...show more content... Motorola's Environmental Footprint Sustainability Motorola is also contributing to corporate responsibility in several ways. Motorola contributes to the effort of reducing climate change by minimizing energy consumption for building and equipment operations. Motorola conserves energy by efficiently transporting employees and products. One of the greatest impacts of Motorola is the reduced energy consumed when people use their products, which will help maintain sustainability by reducing energy consumption. They also contribute by ensuring that the activities of suppliers who make Motorola products not disregard the environment. Motorola has a supplier code of conduct which enforces that suppliers do the right thing and work toward continuous improvement. Motorola aims to reduce the environmental footprint of their products by finding ways to reduce impact at each stage of the lifecycle – design, manufacture, distribution, use and end–of–life. Sustainability plays a major role in Motorola's day–to–day business activities. Motorola follows these environmentally–conscious design principles: Use environmentally–preferred materials Increase the amount of recycled materials Improve energy efficiency Reduce product packaging Increase the recyclability of our products Go above and beyond compliance Connecting the Unconnected Motorola helps benefit communities and local economies by connecting the unconnected with products
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  • 23. Reflection On Corporate Social Responsibility From the beginning of Fall semester BUAD 3111, I was not sure exactly which topic would provide a key learning experience in this class. I must point out the fact that learning of the impact of Corporate Social Responsibility (CSR) has and will affect me as I develop my career. Based on the lectures and research to answer the discussion questions, I see the great importance CSR plays in the business world. CSR demonstrates to both consumers and the media that a company takes an interest in wider social issues that have no direct impact on profit margins. These issues may be local, national or global, with a concern for the health and wellness of others. Nevertheless, to provide additional insight as to the impact of a company's CSR policy, I will define CSR and business ethic fundamentals, identify stakeholder's roles, discuss consumers as stakeholders' information issues /responses and lastly, discuss the natural environment as a stakeholder. In my attempt to further explain, CSR is a model for incorporating ethical business regulations into a business model. This model provides companies a framework to embrace a responsibility towards the employees, community, and the environment. In other words, their financial success or profit, their contributions to a livable environment and their contribution to solving social problems. The business contribution to a charity, cause or community can be a significant amount of charitable funds, product donations or other ventures. For Get more content on HelpWriting.net