CSR Essay

the firm. Friedman (1970) first defines CSR as follows: ‘‘CSR is to conduct the business in accordance with shareholders’ desires, which generally will be to make as much money as possible while conforming to the basic rules of society, both those embodied in law and those embodied in ethical custom.’’ If a firm is socially responsible, it takes into account all the positive and negative effects it has on the society (Marsden, 2001). Decisions about CSR are mostly long-term decisions, it is an…

current status of CSR in India. And the study was based on some selected public and private sector units and their managers which included the sample of 529 managers (both top and middle level managers). The study derives the conclusions that there is not much difference on the acceptance of CSR by private and public sector managers and CSR is widely accepted by both of them. The study also concludes that there is no difference of attitude between top and middle level managers towards CSR. The…

itself from core principles in the holy Qur’an. There are three major fundamentals principles for Islamic CSR are; the vicegerency of mankind on earth, divine accountability and the duty on mankind to enjoin and forbid evil. There will be differentiation between Islamic Financial Institutions (IFI’s) and Conventional Financial Institutions (CFI’s) in terms of CSR…

INTRODUCTION Marks and Spencer,sees CSR as an obligation of organisations in respect to their relationship with the communityin which they operate.the point is that,over a number of years ,they have regularly invested 1% or more of their pre-tax profits in the form of cash,employee time and gifts in the kind of charitable causes.they are also willing to support the efforts of their own staff who are involved in charitable causes. Perhaps,Marks and Spencer have found a way in which the social…

Analysis of the basic management ethics theory for both models of CSR Carroll (1991) states that with regard to ethical responsibilities; it is vital: 1- To act upon in a way harmonious with what social and ethical values expecting. 2- Respect new or developing ethical norms and values that accepted by community. 3- Avoid sacrificing ethical values for corporate goals achievement. 4- Define good corporate citizenship with the idea of acting what is expected as moral and ethical. 5-Recognize the…

Social Responsibility became a matter of utmost importance for diverse groups demanding change in the business. During the 1980‘s to 2000, corporations recognized and started accepting a responsibility towards society. Corporate social responsibility (CSR) focuses on the wealth creation for the optimal benefit of all stakeholders including shareholders, employees, customers, environment and society. The term stakeholder means all those on whom an organization's performance and activities have…

By engaging in misleading CSR practices, companies can obviate the need for government regulation. Several corporations tend to engage in unethical behavior such as child labor, polluting the environment, or exploiting third world countries. Because of the increasing amount of socially aware consumers, companies can no longer partake in such nefarious activity. A variety of corporations would rather continue the dirty work they are doing because it is cheaper and more beneficial for their…

relationship of corporate social responsibility (CSR) and firm value to firms’ customer awareness. This paper also showed certain conditions on when CSR activities can add value to the firm. Furthermore, the impact of companies’ poor reputation to CSR-value relation is examined in this paper. Article Summary Before covering the ways in which CSR practices can enhance a firm value, the paper started to define the scope of what can be considered as a CSR activity. While this paper pointed out…

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…

from a business they have confidence in its source of labor and raw materials as ethical and responsible. Therefore, a business should operate in ways that fulfill and meet the expectations and needs of the society. Companies should also engage in CSR as a way of discouraging further government regulation and involvement as well as avert public criticism. This is usually a defense mechanisms used by companies to avoid government action against irresponsible…