Social Responsibility Essay

Board of Directors, HSBC Bank Subject: Review of HSBC CSR Strategy Date: 24.10.14 Responsible Banking for a company like HSBC The HSBC‘s Corporate Social Responsibility (CSR) strategy is about doing good business responsibly. Responsible banking for HSBC is to play a positive role in the economy of the country they operate and society at large. The social initiative taken by HSBC is grouped into four levels: investing in Communities, working together, protecting the environment, sustainable…

Banner id:@03278824 Corporate Social Responsibility There is no perfect definition for CSR. Corporate social responsibility, frequently said as "CSR," is an enterprise's drives to evaluate and assume liability for the organization's consequences for ecological and social wellbeing. CSR ‘analysis economic, legal, moral, social and physical aspects of environment’…

Businesses do not operate in isolation. Instead, their success is largely dependent on the various stakeholders such as suppliers and clients that exist within the same sphere, and businesses should therefore account for the actions of these two defined stakeholders – namely suppliers and clients. This thesis statement gives rise to an ethical dilemma, namely holding an organization accountable for the actions of independent bodies over which the organization cannot exert direct control or…

In 1962, Michael Friedman proposed a doctrine in which he states that a company whose goal is to increase profits (legally) has the only social responsibility of a company is to pass on the profits to its stakeholders. In other words, the company does not do justice to its stakeholders by utilizing part of their profits for supporting social welfare causes. Friedman points out stakeholders would not invest in a company from which they cannot the maximum benefits. [1] Over the years, this…

Each business has the social responsibility to give back to their community which creates a vaue chain that values the customer and mediates relationships if necessary. The corporate social responsibility (CSR) creases customer loyalty which leads to solid financial performance through metrics that define the CSR. However, the CSR depends on the social responsibility the company has to provide a social responsibility to the community. Yet, the company has to have an effective model that will…

A charity sports event is a participatory sports event that raises funds for a charitable cause from the participants and the public in exchange for their presence at the event (Woolf et al., 2013). Several factors have contributed towards the popularity of charity sports events. Marathons, cycling events and even matches that are sponsored by voluntary organizations are considered as critical components in enhancing community prestige as well as promoting a healthier lifestyle (Edwards &…

When we think about business many of us just think about the profit but have a tendency to forget about our people and planet. Once I read The Breakthrough Challenge by John Elkington and Jochen Zeitz I found a different perspective on business. There is more to business than just profit, it’s about caring for our people and plant. This book is written in the name of "The B Team," a supporting group leader from business professionals who eventually aims to “speed up the game” in business. In…

Corporate Social Responsibility Final Exam Long Answers Marisa Arnholtz 3. Why does Visser view Walmart as an example as a company worthy of emulation? What are some of the problems about how companies have introduced sustainable products and services into the marketplace, and what does Walmart’s best practices have to teach us about sustainability? Furthermore, why would Walmart pursue sustainability, if its primary objective is profit? Walmart is a great example of how a company is worthy of…

1. Introduction 1.1 Title of the study: An investigation of the impact of Total Quality Management on organizational performance in the third sector: A Case study in Community Partners International 1.2 Background of the study Unlike the business setting, the donor agencies are the customers for the non-profit organizations. The community who directly get the services of the third sector can be regarded as the consumers. But, like the business is to fulfill the customer’s satisfaction is the…

After reading an article in the Harvard Business Review, titled Moral Mazes by Robert Jackall, I realize that I share some deep ideology-if you will-with the leaders in the corporate world when it comes to defining success. I ,too, tend to view success as what matters the most, what legitimates striving, and what makes everything, including self-image worthwhile. This approach of viewing success could be attributed to the cultural backgrounds that I grew up in, the socioeconomic status of my…