Corporate Social Responsibility : Asia A Seven Country Study Of Csr Web Site Reporting

In (Cohen, 2008), the author quotes (Drucker, 1946) in noting that “Every organization must assume full responsibility for its impact on its employees, the environment, customers, and whomever and whatever it touches”. According to (Cohen, 2008; Drucker, 1946), that is the very definition of social responsibility. There are many ambiguities surrounding the concept of social responsibility; everything from definition to terminology, even what actions constitute responsible behavior is unsettled (Vogel, 2005). For purposes of this paper we will use the term corporate social responsibility (CSR).

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.

In this article, “The Truth About CSR,” authors Rangan, Chase and Karim stress the importance in aligning a company’s social and environmental activities with its business purpose and values (Rangan, Chase, & Karim, 2015, 41). Outcomes of CSR programs should be a “spillover” and not a primary focus of a business, expressing concern towards social responsibility and corporations failing to contribute to society accordingly (Rangan, Chase, Karim, 2015, 42). There is a great deal of importance in companies refocusing their CSR activities on a primary goal and in providing an organized process for bringing consistency and discipline to CSR strategies (42). Rangan, Chase and Karim want corporations to understand why it is important for them to evaluate their CSR activities and refocus them towards the goal of reinforcing the firm’s societal and environmental actions, while also ensuring their actions add to the overall purpose and values of the corporation. According to the authors, even though

Corporate Social Responsibility (CSR, also called corporate responsibility, corporate citizenship and responsible business) is a concept whereby organizations consider the interests of society by taking

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.

CSR is the obligations of the business to pursue those policies, to make those decisions, or to follow those lines of action which are desirable in terms of the objectives and values of our society. According to (Carroll and Shabana, 2010), CSR has also become one of the most orthodox and widely accepted concepts in the business world during recent years. According to (Sweeney and Coughlan 2008) and (Maignan and Ralston 2002; Wanderley et al. 2008), Organizations increasingly use CSR activities to position their corporate brand in the eyes of consumers and other stakeholders, such as through their annual reporting . communicating about social activities does not always benefit the communicating organization, notably because CSR communication may trigger stakeholders' scepticism and cynicism (Mohr et al. 2001; Schlegelmilch and Pollach 2005).Many organizations engage in CSR because they believe that it is in the organization’s best

In this essay, we will discuss why organizations began CSR and how it is or can be or why should it be implemented. CSR usually get started off either as an integral part of the business strategy or corporate identity, or it can be used as a defensive policy, with the latter being used more often by companies targeted

Earlier perceptions of corporate social responsibility depicted that it was a philanthropic trend where an organization decided to give back to the immediate community. The notion just gave a rough idea to the society with the objective of showing willingness of the company to express concern over the society (Cadbury, 2006). However, that notion got supplanted by the current concept. That is; businesses have the responsibility and commitment to protecting, as well as, improve the life of its workers and the communities.

(3) Are Chinese consumers able to differentiate between the various responsibilities of businesses as laid out by Carrol (1979)? In particular, are the underlying factors/measures of CSR found in Western countries, i.e. economic, legal, ethical and philanthropic responsibilities apply to Chinese consumers? (4) How and why does the relative importance among these factors in China differ from the Western context? The findings and implications of this study is important not only to Chinese businesses as they wrestle with CSR as a strategic component of business, but also to Western businesses as they plough large amounts of investments into China to take advantage of the burgeoning consumer market. The next section provides an overview of the literature on CSR and the consumer’s perspective in particular. In the third section, we explain the data and methodology used in this article. Next section provides the results of our analysis while fifth section discusses these results. We end the article by providing some implications for businesses and limitations of the study. Literature review CSR: definitional issues After several decades of research on CSR, McWilliams et al. (2006, p. 8) still concluded that ‘‘…there is a no strong consensus on a definition for CSR’’. The evolution of the definition becomes clear when one considers several definitions by past researchers. McGuire (1963, p. 144) for

Corporate Social Responsibility (CSR) has become imperative on business convention nowadays. CSR can be defined as the way that firms manage the business processes to generate a positive influence on society (Baker, 2004). The term CSR was appeared in the 1950s, but until 1989, Ben and Jerry’s was the first company which truly publish a social responsibility report (Coles, 2012). In recent years, numerous organizations evaluate firms on their CSR performance since the society is concerned about the CSR ranking. Consequently, business managers in various countries may treat CSR as an inevitable priority (Porter & Kramer, 2006). Nevertheless, CSR is still a controversial issue in the world. Some businesses are struggling to balance corporate

One notable example of an organization that adopts significant CSR initiatives from a developed country is Starbucks which is an American multinational corporation. On the other hand, a considerable example of a company with significant CSR from a developing country is China Mobile which is still in its global expansion stage. The China mobile company is a Chinese multinational corporation. The two different companies offer an effective platform for comparing the CSR understanding and initiatives of different organizations from the developed world and from developing countries. What makes the examples even more effective is the fact that the two companies are different stages of development in the global business environment. This makes it

Corporate Social Responsibility (CSR) has many facets and they are perceived and enforced very differently in different places. The concept of it is believed to be first discovered by the western culture. However some of the studies in Asian business patterns suggest that different cultures also have the concept of CSR putting in a different angle and norms in execution and standards of it. It is also discovered that the CSR schemes have different performance and relevance on affective the company’s brand image. The studies are scattered and examined the matter in different aspects and different industries’ case. There seem no particular patterns

Stating, “Corporate social responsibility is the commitment of businesses to contribute to sustainable economic development by working with the employees, their families, the local community and society at large, to improve”.

There are now several concepts of CSR and its definition, along with the meaning across corporations. In my opinion, and according with our textbook in page 11. CSR is about a particular set of business and strategies that deal with social issues. In addition, we can clearly perceive that CSRs application along corporations has increase in the past decade due to the several local, and international regulations in order to enforce business to act responsible.

The main goal of the study is to compare the current CSR practices in New Zealand and Bangladesh. To achieve this current practices of CSR activities of five companies in Bangladesh and four companies in New Zealand have been examined.