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 combination of recent changed to the world scene and pressures from public opinion now requires corporations to take on a new role, social responsibility. Corporate social responsibility is a corporation’s initiative to monitor and ensure compliance with the law, ethical standards, and norms. It can also be defined as corporation’s actions that further social good and go beyond the interests of the firm in order to make the world a better place. Essentially a corporation should embrace the idea of corporate citizenship, the idea that businesses are socially responsible for meeting legal, as well as ethical and economic responsibilities placed on them by shareholders. Although this is an alluring concept, it is also a flawed one. It
CORPORATE SOCIAL RESPONSIBILITY By Lori S. Mohr-Corrigan, For The Paper Store - © October 1999 VISIT www.paperwriters.com/aftersale.htm -- for more information on using this paper properly! Because society is fundamentally based upon performance and profit, it is not unusual to find that it is necessary to impart a sense of corporate social responsibility with regard to contemporary commerce. The ethical approaches of purpose, principle and consequence are integral components of business social performance; itemizing these contributions finds one incorporating the interests of ethics and morality within the corporate structure, essential concepts that are often absent from a managerial standpoint. Chapters two and three of Beauchamp and
During the late 20th century and early 21st century a business trend called corporate social responsibility has grown in popularity and necessity. Corporate social responsibility has been defined as a form of corporate self-regulation integrated into a business model with the intentions of benefitting both the company but the community as a whole. In recent years the public has become distrustful of businesses, after highly publicized meltdowns such as Enron, World Com and Arthur Anderson just to name a few. These incidents were caused
Corporate Social Responsibility (CSR) in the corporate event sector can be for everyone operating in this sector a basis for innovations, opportunities and competitive advantages with regard to social, environmental and economic aspects. This essay deals with the question what CSR is and how it influences the corporate event industry in the UK, as well as with the strategies companies have to do to generate a sustainable company structure and how they can advise their workforce to improve responsibility. Furthermore, the right communication of a CSR company structure is an essential aspect and how it has negative or positive effects on the people. The Global aspect of CSR is also interesting with regard to the corporate event industry and
FastFit Case Study, Part 2 7. a) Assuming that Fastfit goes ahead with its plans to have an e-commerce site, identify two physical locations, from where customers can enter their orders to the ecommerce site and b) For each of the locations that you mentioned, identify the technologies (cover the areas of software, hardware and networks) that a customer would need (at the location) to accomplish this activity? (use a table) Technologies for Home Location Category Software Components Single user operating system software, for example, Intel CPU or Mac Power CPU.
BusinessDictionary.com (n.d.), defines corporate social responsibility (CSR) as “a company’s sense of responsibility towards the community and environment, both ecological and social, in which it operates” (para. 1). When expressing citizenship, companies can do so through its waste and pollution reduction processes, by contributing to educational and social programs, and by earning adequate returns on the employed resources (BusinessDictionary.com, n.d.). Economic, political, and civil society are three spheres of human civilization that reveal fundamental principles of corporate social responsibility. The economic sphere, which deals with businesses and economy of a society, the political sphere, which deals with government and the laws and rules that mandate and enforces, and the civil society sphere, which builds civility and community (“Corporate Social Responsibility-Module Two Overview: Three Spheres of Human Civilization”, 2014). Cleco exhibits corporate social responsibility using the three spheres of human civilization through stewardship and conservation initiatives, community outreach, and regulatory requirements throughout its service territory, which includes 23 Louisiana parishes.
With the development of economy and society, large corporations not only have responsible for make profit to their shareholders, but also taking environmentally responsible and undertaking corresponding social responsibilities as well as other stakeholders. This point of view could be involve in the corporate social responsibility (King and Lawley, 2013). Additionally, the definition of stakeholders are individuals or groups which affected by an organization and have an interest in its activities (Freeman, 1984). Moreover, Starik (1994) stated that those who potentially have impact on an organization may also is a stakeholder. However, according to Lynch (2006) argued that when a corporation involve many stakeholders, they
People’s lives are increasingly controlled and shaped no longer by governments but also by corporations. For example, the liberalization and deregulation have given more influence, liberty and choices to private actors.
When looking at a company’s corporate social responsibility (CSR) and the tie in to consumer confidence, the apparel industry illustrates both the best and the worst cases. Today’s consumers are more aware of how multinational corporations are incorporating or failing to incorporate CSR practices throughout the product lifecycle. This awareness has pushed companies in the apparel industry like Nike and Gap to evaluate current practices and incorporate socially responsible and environmentally responsible policies throughout their supply chain.
Corporate Social Responsibilities (CSR) is about how companies make profits in an ethical way. Coca-Cola has adhered to this principle and had removed a chemical ingredient(brominated vegetable oil BVO) from its drink, a chemical associated with memory loss. BVO is banned in several other countries but allowed by FDA is US. Due to an online petition, thousands have pressured Coca-Cola to remove it. Coca-Cola listened and removed BVO. The stakeholders – consumers are cared for as Coca-Cola is doing their best to preserve health. A spokesman said:’We are concerned about the welfare of our consumers and their health remains our top priority.’
The essential aim is to hold corporations responsible for their actions and encourage a positive result through their business activities that affect communities, stake holder, consumers and society.
As the role of the environment takes centre stage as one of the pressing problems facing our world, the role of business to aid with climate change projects is increasingly discussed. Government regulations only go far, and without wanting to impose on corporate freedom, governments have less of an impact regulating corporate initiatives on climate change. As Charles Lindblom mentions, “Do we want business enterprises to reduce industrial pollution of air and water? Again we must bear the consequences of the cots to them of their doing so and the resultant declines in investment and employment” (Lindblom, 1982). This leaves environmental stewardship initiatives within each corporate organization and whether the effort to protect the
Its not a secret that the fish population is in dramatic decline for the last 10 years. So as an international company Lidl really cares about following the international policies regarding ethic method of fishing, illigal fisheries, dolphin-friendly tuna. It also ensure that all the fish they offer to the customer, is caught under socially acceptable conditions.