Definition Of Corporate Social Responsibility

Improved Essays
The definition of Corporate Social Responsibility (CSR) has been a staple topic of discussion all around the world. CSRs meaning in my research has shown to originate within an organization. In other words, it is business specific. What CSR means to one company is not necessarily what it means to another. For instance, an oil company’s social responsibility to the environment is much different than a business that makes sandwiches. CSR has been discussed for several decades, often heatedly, but still no formal definition is readily available. In searching for a definition of “corporate social responsibility” Merriam-Webster online responds with “Words fail us.” However vague a definition there is for CSR, there are still definitions that can …show more content…
She states that it is completely unclear what CSR means, any trend taking place, its origins, or its destination, and what parties are involved. Sahlin goes on to explain how different criticisms of corporations tend to drive the trends. When activist groups criticize companies, it creates the trend in the direction of the criticism if the voice is loud enough. She further explains that stakeholder demands can drive the trend. It is possible for any entity with enough clout to drive a trend or create a movement in any direction they wish.
In addition to Sahlin, Hollender (2004) notes that trends can be created within organizations. For instance, he states that executives in corporations have various reasons for their CSR decisions. These can be fiscal or actually, humbly unselfish. Sahlin (2006) further states that there have been bodies such as the United Nations have made previous attempts at regulations and guidelines to control and oversee corporate actions.
Article
…show more content…
If these entities have enough pull, they will affect their target corporations. The intensity of all the entities, private, civic, national, or international, is increasing. A corporation not only has a duty to define and adapt to the finding of its CSR, but can be under legal obligation to do so.
Even more interesting in the article is where Sahlin (2006) speaks to what is called “Learning Networks” that assemble together to collaborate, share experience, knowledge and trepidations about specific issues. The parties of these networks are made up of governmental entities, labor organizations, scholastic institutions, non-governmental organizations, corporate leaders, and others. These think tanks then can produce standards and best practices to follow. As Sahlin provides an awareness of these happenings and gives examples of how numerous organization join in these groups and effect change. Too often it is heard, “I didn’t even know it was

Related Documents

  • Great Essays

    Nevertheless, these organizations are expected by societies to provide certain services through CSR. The argument lies in the fact that these organizations put a strain on the environmental resources. The same is on the production and market practices. The civil groups use CSR as regulatory measure for these organizations.…

    • 1959 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    CSR claims embedded in BHP's vision and strategic document It claims that the sole real reason for business is to make shareholder value. Advocates of this perspective trust that any contention recommending an organization ought to mitigate its social effect is unessential. The conviction that a company's sole explanation behind presence is to expand its wealth was strongly elucidated in the 1970s and there is only one social obligation of business is to utilize its assets and take part in exercises intended to expand its profits'. However, the perspective that has greater traction in the twenty-first century is that the relationship between business and society is a verifiable social contract.…

    • 536 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Johns-Manville Problem To determine whether or not it was ethical for The Johns-Manville Corporation to declare bankruptcy, it’s critical that both points-of-view are laid out to be critiqued. While it would be quite easy to argue that the company should have been liquidated in order to pay the medical costs of the countless asbestos victims, it’s very important to look at the situation from the perspective that saves the jobs of thousands and contributes to the betterment of the working conditions of their employees, as well as the surrounding community. To rationalize their decision, the Board of Directors within the Johns-Manville Corporation could show how their filing of bankruptcy was beneficial to more than just the survival of the company. Expanding on this, the school of Corporate Social Responsibility states that— “Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders.”…

    • 551 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Sarbanes-Oxley Act

    • 833 Words
    • 4 Pages

    Organizations also have to focus on the corporate social responsibility to serve different stakeholders, for example, clients, employees, suppliers, groups, and ecological and human rights advocates, whose interests are attached to the organization's execution. A corporate social responsibility is a business practice that involve the organizations making decisions that concern society benefit. Companies should provide customers with safe and high quality products that are fairly priced and easy to use information system for shopping and tracking orders. Organizations become more nimble, relevant, and responsive to internal and external customers (Walker, 2008, sec.10).…

    • 833 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    GHB CEO has a limited budget for improved CSR profile and operating system, so she consultant from Deepgreen Enterprises to implement CSR initiatives in their company. Significance of sustainable practices for corporations: Corporations apply the CSR strategies and corporate accountability to improve or maintain their reputation and image in the market through…

    • 1015 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Societal Issues: Modeling ethics of care Taking a Stand on social issues: Introduction: In today’s world where societal issues (such as health, environment, social justice, and human rights issues) continue to take center stage in every area of our lives, there has been an increasing importance to address these issues. Firms are beginning to weigh in on such issues showing an increasing contribution and subscription to ethics of care. This paper takes a look at CEO influence, reasons why firms decide to take a stand on societal issues and what happens when they decide to do so. When organizations make decisions based on ethics of care, there may be consequences for such decisions.…

    • 1418 Words
    • 6 Pages
    Improved Essays
  • Great Essays

    A company’s self interest is always prioritized. CSR is only used as a way to make consumers believe that they are helping society. The final accomplishment businesses wish to complete is a big bottom line. Additionally, companies don’t really help out communities, they only pretend to. By using intelligent marketing strategies and launching very inefficient campaigns, consumers can be easily fooled and fail to analyze a company’s true motives.…

    • 1503 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    The Ethical and Social Responsibility of the NFL Sports have provided a lifestyle for many individuals all over the country. Being athletic starts sometimes at a very early age in today’s society. For example, there are little leagues for children in the local communities. Nevertheless, at some point children are participating in sports in school or in after school programs.…

    • 1221 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Business dictionary defines CSR (Corporate Social Responsibility) as, “ a company's sense of responsibility towards the community and the environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources”. From a Christian worldview and the standpoint to my understanding I think that Corporate Social Responsibility focuses on how Christians treat others outside of their organization and how they impact their lives. In my understanding, CSR five principles break down what God expects from Christians and how they should treat others…

    • 466 Words
    • 2 Pages
    Improved Essays
  • Great Essays

    Introduction and Background Organisations’ management strategies and practices affecting environmental, ethical, social and global aspects have evolved significantly and the responsibilities of an organisation to society are those that arise in the concept of Corporate Social Responsibilities (CSR). CSR can be defined as “the responsibility of an organisation for the impacts of its decisions and activities on society and the environment, through transparent and ethical behaviour (ACCSR, 2016). Though CSR is not compulsory, it is expected and issuing regular CSR reports detailing social and environmental performance is considered best practice (Carroll 2004, 116). HSBC was established in 1865 and its named derived from founding member, The Hong Kong and Shanghai Banking Corporation Limited. HSBC is one of the largest Banking and Financial Institutions in the world, operating in 71 countries across the globe and crossing multiple jurisdictions (HSBC Group 2016).…

    • 1463 Words
    • 6 Pages
    Great Essays
  • Great Essays

    Carlson Company Case Study

    • 1054 Words
    • 5 Pages

    CSR is defined that “a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect, their environment (Lawrence and Weber, 2008, 48).” The company can follow two different theories. The Ownership Theory is defined as “the firm is the property of the owners; the purpose is to maximize market value in the long term and make money for owners” (Lawrence and Weber, 2008, 6). The Stakeholder Theory is defined as “corporation serves a higher purpose- to provide value to society”…

    • 1054 Words
    • 5 Pages
    Great Essays
  • Superior Essays

    The case of FSC shows that “The FSC does not represent a form of stakeholder dialogue, in which corporations invite stakeholders into their internal decision-making processes. Rather, it represents a corporate move into the political processes of public policy-making,” (Menser, pg94) illustrating the corporation interest is not on stakeholders, and its purpose of collecting opinions is for public policy-making. Moreover, the failure of preventing corruption in civil society CSR is corporations’ self-regulation failed and governments lack the flexibility and capability to regulate the corporations, and offenders lack punishment for the corruption. Although the civil society CSR model focused on environmental sustainability, it is high entry level for many firms to join. Like in the case of FSC, it prompts environmentally sustainable forest management activities and programs by using certification products.…

    • 1774 Words
    • 8 Pages
    Superior Essays
  • Improved Essays

    Secondly the corporate private sector embarked on programmes like contributing a part of their profits for social causes under the garb of Corporate Social Responsibility, however an ivory tower approach and the ulterior motive being enhancing brand representation (currently in India, under the New Companies Act, 2013, CSR initiatives have become…

    • 1016 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    History Of Coca Cola

    • 1341 Words
    • 6 Pages

    Maximize long-term return to shareowners while being mindful of our overall responsibilities- Productivity : Be a highly effective, lean and fast-moving organization. Corporate Social Responsibility Corporate Social Responsibility (CSR) is the growing and continuing commitment by an enterprise or business to behave ethically and contribute to economic development while improving the quality of life and the workforce of their families as well as of the local community and society at large. In 2011, Coca-Cola launched their sustainability plan.-‘Deliver for Today, Inspire for…

    • 1341 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Global institutional pressure and local receptivity to CSR Institutional pressure and…

    • 1045 Words
    • 5 Pages
    Improved Essays