Introduction I am writing this paper to discuss the different corporate social responsibilities (CSR) that Crayola, Disney, Google, Lipton, and Tyson are involved in and to determine their productiveness. First, I will provide you with the history of these corporations and then I want to tell you about their CSR initiatives. I will evaluate each business and deduce whether they are really socially responsible or not. History Crayola The very beginning of Crayola started with Joseph Binney when he created a small charcoal factory in New York in 1864 (Crayola). In 1880 his son and nephew, Edwin Binney and C. Harold Smith, respectively joined him in his business and began the Binney & Smith Company (Crayola). Later they began to make pencils for school children and not long after they received a gold medal in chemical arts for their black color (Crayola). In 1903 they created their first colored wax crayons which were blue, yellow, green, purple, brown, red, orange, and black (Crayola). Alice Binney created the name of Crayola from the French word “craie” meaning chalk (Crayola). In 1936 became more concerned with the safety of children using their products and helped fund the Crayon and Water Color Institution that promotes the safety of raw materials in store items (Crayola). By the 1960’s Crayola became a publicly held company and sold its first stock exchange in 1963 (Crayola). Throughout the late 1900s Crayola produce more than just crayons and are inventing new products
Did you know that the first Crayola Crayon was invented in 1903 and only had eight original colors? The crayons that changed America were invented by Sinney and smith, they were originally based in oils .Since the beginning, they have brought many great products into the world.
Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.
References: http://www.businessnewsdaily.com/4679-corporate-social-responsibility.html By Nicole Fallon, Business News Daily Assistant Editor June 19, 2015, 10:12 am EST See more @: http://www.businessnewsdaily.com/4679-corporate-social-responsibility.html#sthash.WryFEojn.dpuf https://en.wikipedia.org/wiki/Corporate_social_responsibility This page was last modified on 24 July 2015, at
Another reason for the success of the Disney company was the commitment to being socially responsible. When companies are socially responsible, they understand that there is much more at stake than just what they want or need (Moussa, 2011). Companies have a responsibility to their workers, their community, and their planet. For too long, many companies ignored this. When companies started to change and become more responsible, it
Corporate Social Responsibility (“CSR”) is often described as the measures taken by companies to manage environmental, social and economic impacts of their business activities. Since the globalisation of economic and labour markets, CSR has become an argumentative topic. For companies to be considered as good in terms of CSR, they are required to go above and beyond of their legal requirements and take into consideration what is in the best interests of its stakeholders.
THE CORPORATE SOCIAL RESPONSIBILITY (CSR) MOVEMENT has grown in recent years from a fringe activity by a few earnest companies, like The Body Shop, and Ben & Jerry’s, to a highly visible priority for
Through globalization the gap between the rich and poor has increased, while the rich get richer, the poor get poorer. This can be one of the many reasons why companies choose to be more social responsible as CSR aims to reduce conflicts between stakeholders. Although, individuals are aware that more companies are producing social responsible goods, companies can benefit from CSR practices in different ways. When companies decide to be socially and environmentally active, not only will the society and the environment benefit from the companies ethical practices, but they can also differentiate themselves in today's competitive market.
Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades, however, it has become of increasing concern to the business world. This has resulted in growing interaction between governments, businesses and society as a whole. In the past, businesses primarily concerned themselves with the economic results of their decisions. “Today, however, businesses must also reflect on the legal, ethical, moral and social consequences of their decisions” (Anderson 15). This paper will discuss the concept of corporate social responsibility. It will give the definition of the phrase, and identify some of the global factors that necessitate corporate social responsibility. It will discuss the importance of corporations setting up corporate social responsibility projects, and the impact these have on society. Social corporate responsibility and the maintenance of high ethical standards is not an option but an obligation for all business.
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
The term corporate social responsibility (CSR) is related to a bunch of behaviors that business and firms both undertake and to facilitate social and environmental targets and also to minimize the cost of potential society and environment that refers to business events. In addition, a sense of belongingness and motivation could be built by corporate social responsibility (Stawiski). As a hospitality enterprise with CSR, Holiday Inn has a couple of sustainable practices to address environmental and social challenges. For the environmental sustainability, Holiday Inn adopted IHG Green Engage System which is an online sustainability tool that helps their hotels manage waste, the use of water, energy and minimize the impacts on the environment. The organization also have CSR programs such as IGH Academy and Disaster Relief for the community. IGH Academy aims for people in the community to develop their skills by improving their employability and securing their jobs in the hospitality industry. For the Disaster Relief, Holiday Inn collaborates with local communities by providing financial support, supplies and accommodation in disaster time.
In this essay, I am going to prove that a business organization should be socially responsible in a successful or an effective manner which will eventually benefit the company’s owners or shareholders. I will do so through illustrating the different potential effects of a business organization engaging in Corporate Social Responsibility (“CSR”). The effects that will be shown in this essay would be an increase and decrease in the company’s expenses, sustaining and harming the environment, increase and decrease in sales and customers, improve the lives of people inside and outside the company, and the practice of social irresponsibility. I will also be providing actual companies engage in CSR, and its effects on each company. I
Businesses and big corporations face issues regarding their business ethical practices that may arise as potential problems. These practices could impact governments, the outside environment and society as a whole, if those said practices use exploitation and is harmful to its external environment. Because of this major issue, corporations are left with the decision to change the way they operate by applying a code of conduct that would improve their ethical practices suited for the needs of society. Corporate Social Responsibility (CSR) is the practice with which a corporation is essentially responsible for their misconduct, and will not only focus on making profits but provide a goodwill to society. CSR is an important implementation for corporations as it is beneficial to the business itself, as well as for its shareholders. With that being said, it also has its disadvantages. This essay will discuss the importance of CSR in the world of business, furthermore it will explain the principles of CSR, and then it will discuss the advantages and disadvantages it has for corporations.
In the class Business Environments we learned about Corporate Social Responsibility (CSR); the different theories of ethics; privacy policies at home, at work and involving children; who is liable when a product malfunctions or causes bodily harm to people and the damages that can be awarded to the injured parties; the differences in product/ property ownership and how to go about protecting said product/property. The general lessons for managers to take away from this class is that there are few times that the answers to question are cut and dry black and white. If you know how to work within the lines of the law, you can get away with doing things that are morally and ethically questionable.
Corporate Social Responsibility (CSR) is the intention of the companies to do the right things and act in certain ways that are good for the company, society and environment. CSR was accelerated in 1970 (Archie B, 2006) and took into account since there was a concern between the increased population and scarce resources. It was established in order to ensure that the global development is sustainable. There are three fundamental aspects of sustainability, economic progress, communities’ relationships and environmental protection. This essay will report the managerial skills, leadership style and management practises in leading and managing an organisation to promote better and greener environment. Considerable research has been undertaken on Toyota Motors Corporation.
In this article, we will be looking at the effect Corporate Social Responsibility on firm’s financial performance. I will introduce a few examples of some practices that could be implemented towards CSR actions plans that will benefit financial production. I will also include examples of some well known companies that have implemented some of the practices mentioned and what these changes did for the company.