Corporate Social Responsibility Essay

  • Corporate Social Responsibility Essay

    well: “Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (WBCSD, 2010). According to the Book “Management Challenges for the 21st Century” by Peter Drucker, published in the year 1999, he mention two types of organizations where the exercise of CSR will be found: “those to do with social impacts

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  • Corporate Social Responsibility Essay

    companies like Coco-Cola follow corporate social responsibility program consistently, they also need to track their activities. In some situations negative publicity may deceive the reputation of the company. In these defying situations, the companies are in need to conduct social audit. Social Audit is a “systematic assessment of a company’s activities in terms of its social impact”. This social audit focus on core values as social responsibility, open statement, treating employees

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  • Corporate Social Responsibility Essay

    definition remains useful to the contemporary practice, because organizations still incorporate these responsibilities in their policies. Carroll’s definition consists of four responsibilities, namely economic, legal, ethical and philanthropic. The definition of Carroll corresponds with the definition of Moser on law and efficiency, because these aspects match the economic and legal responsibilities of Carroll. And the definition of Carroll corresponds also with the definition of O’Connor and Meister

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  • Essay on Corporate Social Responsibility

    It is the corporate social responsibility (CSR) arm of MERALCO whose thrusts are towards: i) Community Electrification, ii) Grassroots Partnerships, iii) Youth and Sports Advocacy, and iv) Emergency Preparedness and Disaster Response. OMF’s mission is to provide opportunities for the MERALCO Group stakeholders - shareholders, employees and business partners to help advance the lives of communities where our business operates through strategic, meaningful and sustainable corporate social responsibility

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  • Essay Corporate Social Responsibility

    Given the latent discussion around the implications of having a regulated CSR scheme, as well as the scarce literature addressing the subject in the context of middle income and developing countries; the newly enacted policy on corporate social responsibility in Indian and its applicability through a PPP approach emerge as an interesting case for research. By the application of semi-structured personal interviews with relevant stakeholders, and

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  • Essay on Corporate Social Responsibility

    Beliefs toward the corporate responsibility of the society is focused on the following; providing customers with quality products and services, having a safe working place, investing into human development, building genuine relationship with all stakeholders, increase the wealth of shareholders and business operations with the motive of adding values, following ethical values within the business process and by contributing to civil society through partnership and community development projects. Shaw

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  • Corporate Social Responsibility Essay

    I strongly believe that there are several reasons which explain the significant role of corporate social responsibility. The First reason is employee’s satisfaction. Workers feel great and proud of the firm, they work for. An employee satisfied towards the firm, and they do not search for job at somewhere else. The company will also receive more job applications for the reason that people want to work on behalf of it. Because of the great helpful influence of CSR on employee security and inspiration

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  • Essay Corporate Social Responsibility

    various companysponsored philanthropic projects, such as building homeless shelters or cleaning up playgrounds. The company started giving employees 16 hours of paid leave annually to volunteer at charities of their choosing. But the emphasis on social responsibility does not come cheap. The all-day event alone costs about $2 million a year in lost sales, project expenses, and wages for employees. When Timberland’s profits were soaring, that seemed fine, but then the company hit a rough patch. It reported

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  • Corporate Social Responsibility Essay

    to advance individual self-interest, to promote personal responsibility of agents and organizations, to boost freedom of interaction, and to encourage self-interest expressed in organized activities. The stakeholder view of CSR is a social relationship oriented philosophy where business organizations are essentially societal entities interconnected with various groups of people, and their respective successes are attributed to their social existence. In the stakeholder view, business organizations

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  • Corporate Social Responsibility Essay

    Employees are another large stakeholder group that can be affected by corporate social irresponsibility. The traditional role of the employees in a company is to contribute their skills and knowledge in exchange for wages, salary, benefits, and career development opportunities (3). The traditional role of employees has since evolved, however some companies have taken advantage of the employer-employee relationship. Socially responsible companies encourage diversity in their workforce, socially irresponsible

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  • Corporate Social Responsibilities Essay examples

    No significant differences were found between the job advertisement with the philanthropic responsibilities and the job advertisement without social corporate responsibilities. These results are surprisingly, because motivation for each job advertisements was measured the same way, with the same statements and the same information given in the advertisement. In other words, the job advertisements used all the same information pertaining to motivation. So basically, no differences between the three

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  • Corporate Social Responsibilities of Reebok Essay

    increasing public appeal for corporate social responsibility (CSR). However, conflict of interests with the nature of corporation structure, profession of businesses and the lack of powerful international organizations and universally accepted moral principles impede the application of theoretical CSR advocacy to the daily procedural operations of multinational enterprises. Limitations to Promote Corporate Social Responsibility The concept of corporate social responsibility developed from public objection

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  • The Corporate Social Responsibility Equation Essay

    If organizations saw the business benefits from corporate social responsibility, there is a strong possibility that a lot more would take advantage of it. Unfortunately, “over half of British retailers do not have any socially responsible buying policy” (366). If companies changed the social responsibility equation to put business objectives first, more would participate in attempting to make the world a better place. To begin to find what cause fits a company best, Yeatman suggests asking multiple

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  • Essay about Corporate Social Responsibilities

    subset of and exerts a significant impact on society, it has the responsibility to help improve society. Since society asks no more and no less of any of its members, why should business be exempt from such responsibility? Additionally, profitability and growth go hand in hand with responsible treatment of employees. customers, and the community. However, studies have not indicated any clear relationship between corporate social responsibility and profitability. One of the better known arguments against

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  • Corporate Social Responsibility Essay example

    structure beyond already established human rights organisation and lack of one consistent enforcement mechanism beyond ILO, UNCHR and National Human Rights bodies, which would ensure the uniformity of measures and standards. What is more, Corporate Social Responsibility is sometimes highly criticised as one of the marketing tools and Public Relations. Many of the companies claiming to promote equal opportunities or considering environmental impact important rarely collected the data on these topics. CSR

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  • Essay on Corporate Social Responsibility in Sports

    In the case of profit organisations such as professional and intercollegiate sports, the mission, the purpose, and objectives may not reflect the concepts of social awareness and social responsibility. This does not mean, however, that they could not do so ( DeSeni, 1998). From a business ethics perspective, Robin and Reidenbach point out the concepts of the business organisation is created by society and its agents and therefore must meet the expectations of that society or “pay the price in consumerist

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  • Indian Multinational Corporations and Corporate Social Responsibilities

    Enterprises) and global corporations. The Term multinational corporation is most commonly used in business and academic circles. We too follow the same trend. Corporate social responsibility is about seriously considering the impact of the company’s decision and actions upon the environment and the society. The dependence of any business on its social and ecological environment is so comprehensive that the very existences, survival and growth of any enterprises depend upon its acceptance by the society

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  • Corporate Social Responsibility and Specific Strategy Differences

    (suitable for use with the chapter relating to ethical strategies, social responsibility and environmental sustainability) 1. What is your company's strategy for exercising social responsibility and being a good corporate citizen? We invest money in work diversity programs and ethic training of all employees. Also we invest money in energy efficiency initiatives. 2. Would your company pursue a corporate social responsibility strategy if there was no payoff in the form of a higher image rating

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  • The Potential Business Benefits of Corporate Social Responsibility

    final part is about the specific benefits which corporate social responsibility can bring to the company. Definitions of CSR and CRR Corporate social responsibility is a form of corporate self-regulation integrated into a business model.(rewiew) While an enterprise to create the profits and liable to its shareholder, but also shoulder the responsibility of employees, consumers, communities and the environment. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive

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  • Corporate Social Responsibility and Stakeholder Capital Essay

    another example of stakeholder capital. Corporate executives and corporate planners exhibit different levels of appreciation of stakeholder capital. Many corporations are serious about managing their stakeholder capital although they do it under different management labels: customer relations management, community relations, public relations, brand management, business development, account management, marketing, government relations, corporate social responsibility, etc. On the other hand, there are executives

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  • Essay about Corporate Social Responsibility Activities of Unilever

    societal forces, so that company has some responsibility towards the society and its stakeholders who are affected directly or indirectly by the company’s operation (Bassen,2005). That’s why a company should maintain ethical standard, international norms and different code of conducts which do not go against the society. If this approach is backed by companies’ corporate strategy and if it can be shown and communicated to the mass people, companies’ corporate strategy will give a huge positive return

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  • Kraft Foods and Corporate Social Responsibility Essay

    factors affect the company. PESTEL framework helps evaluate the risks associated with market growth or decline, and the position and direction of the company.’ (Bender and Ward, 2008) It examines six different segments, which are: Political, Economic, Social, Technological, Environmental and Legal. Although there are many factors which fall under each of the segments of the PESTEL analysis it is important to analyse them and select the most significant factors which have the greatest effect on the company

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  • Xerox Corporation (Corporate Social Responsibility) Essay

    give advice how to improve sustainability. Xerox also offers a waste-collection, so that the company can be certain that the waste and used parts are handled in a professional manner. (xerox.com, 2007)4 4. Summary Xerox has proven their social responsibilities by winning many Environment, Health and Safety awards (xerox.com, 2007)5. In this report only few of the company’s policy and programme were investigated. More information on Xerox environmentally friendly efforts can be found on

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  • Evaluate the Relative Importance of Corporate Social Responsibility Relative to Other Corporate Objective

    brand value having little effect on overall profit maximisation. In addition, another key corporate objective is market growth, to gain market growth companies invest heavily in advertising costs amongst other promotional campaign, therefore leaving many organisation questioning whether CSR is another cost which is not sure to be beneficial to the business. However supermarket giant Tesco main corporate objective is market growth, but Tesco has recently reported that targets had been underperformed

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  • Timberland s Corporate Social Responsibility Under New Ownership

    As previously mentioned, Timberland is using its power responsibly by way of charitable giving and reducing their carbon footprint. By focusing on social issues Timberland has created strong stakeholder relationships and built a loyal customer base. Although one can raise arguments against Timberland’s social responsibility issues, they have done a great job of developing the most important intangible asset- their reputation. If you were an executive of VF Corporation, would you support continuation

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  • Corporate Social Responsibility Disclosure: a Comparison Between Islamic and Conventional Financial Institutions

    While CSR disclosure does not negate earning profit, it does require corporations to balance the benefits to be gained against the cost of achieving those benefits. According to (Post et al. 1996, p.37); ‘Corporate social responsibility means that a corporation should be held accountable for any of its actions that affect people, their communities, and their environment”. Unlike in the western value, where religion is considered as a private matter (Rice, 1999) but in perspective of Muslim world

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  • Corporate Social Responsibility of Leading Property Companies in Hong Kong

    the Above Actions Regarding CSR The first perspective with which to look at is the shareholder theory of CSR, which is highlighted with Milton Friedmen's famous view of CSR. In his publication, he stated that "there is one and only one social responsibility of business -– to use its resources and engage in activities designed to increase its profits...” provided that the business is operated in fair competition (Friedman, 1970). It is noted that the “profit” stated by Friedman refers to the long-term

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  • Essay on Corporate Responsibility

    Having clear corporate social responsibility commitments will deter managers from manipulating share prices to camouflage the true value of business (Management Today, 2006). Similarly, Sternberg (1994) argued that business ethics must involve strategies to maximise long-term wealth of shareholders by satisfying the common tests of decency in business transactions. As a result of this, Mullins (2005) emphasised that companies must refrain from cheating, stealing and coercion in their business pursuits

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  • Corporate Responsibility Essay

    there a conflict between maximizing shareholder value and maximizing stakeholder or social value? Does a corporation do well (financially) by doing good (socially)? In this paper, we provide, with a view to anchoring the notion of CSR, a simple framework that views social responsibility as part of business decisions that managers and shareholders of a firm take. The framework we present views social responsibility as actions that improve the welfare of interest groups who can affect firm value. Thus

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  • Corporate Responsibility Essay example

    sixteen countries (DeAgonia, M.2015). Financially, Apple was ahead of the curve, but looking ahead, its lack of due diligence, and the violations of its social and ethical responsibilities, will be highlighted. Who and what was sacrificed to generate such lofty profits for this electronic giant? Apple’s Ethical and Social Responsibilities According to

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