Csr: Creating Shared Value

Every day businesses are faced with making decisions that can have far reaching effects within their organization and the communities in which their business are based. Company Q is one of these businesses. Recent decisions made within this company have demonstrated a trend that would suggest Company Q has a negative attitude toward social responsibility. This attitude can be evidenced by the closing of two stores in high-crime rate areas because they were consistently losing money, offering minimal amounts of health-conscious and organic foods despite high demand, and declining donations of day-old products rather than donating these items to the local area’s food bank due to concerns of fraud and stealing by employees.

Because corporations are established to profit and shareholders invest money with expectations of a greater return, managers cannot be given a directive to be “socially responsible” without providing specific criteria of checks and balances to which needs to adhere. Therefore, it is imperative to the success of a corporation for managers to not act solely but rather to act within the policies of the shareholders.

The ethical issues presented in this case are the different views that each individual has on how the idea of corporate social responsibility (CSR). This dispute is between Mr. Milton Friedman, John Mackey, and T.J. Rodgers; all of which has a different outlook on CSR. The definition of CSR refers to the responsibilities that business has to the society in which it operates and to those actions that a business can be held accountable. Most philosophers have come up with three different types of responsibilities that corporations can be held accountable for. The first and most important of the three is a corporation’s duty to not cause harm. If a corporation can

On the other side, as the legal personality of the corporations evolved in the 1800s, enterprises were no longer responsible for serving the public interest. Consequently, any social welfare was symbolic and procured from the economic function of organizations (Banerjee, 2008). Furthermore, it seems that corporations are using CSR strategies as a window to present favorable images and obtain economic benefits. Historically the relationship between revenues and investment in CSR programs is a controversial issue. Furthermore, the power of the economic CSR rhetoric lies in the ability to validate particular ideologies to consolidate the power of larger corporations (Banerjee,

In this paper I am going to discuss and explain my opinion on why a company Q is or is not socially responsible in the following areas company Q close a couple of stores in high crime areas, company Q started offering a very limited health conscious an organic products, company Q was approached by the local food bank for donations of day old food and company Q declined the donation request from the food bank and started throwing the food away, and company Q suspected possible fraud among its employees.

Target CSR practice is based on four key areas: inspiring wellness; fostering sustainability; championing inclusion; and investing in communities (Target Corporate). In a nutshell, this paper will focus more on how Target has fostered sustainability. Target has been working to improve environmental and social impact through its product design and development, operations and manufacturing for decades. It is notable that 76 percent of Target locations are certified as Energy Star. In 2015, the company minimized its water consumption by 17.1 percent per square foot. However, Target was not able to accomplish minimize greenhouse gas emission by 49 percent per million dollars of retail transactions. It managed to minimize only 47.6 percent. At

Business corporations are a dog eat world. Business is made up of many aspects from political, social, and environmental responsibilities to those of ethics and responsibility. Every business and major corporation has to deal with these in a much different way. For example, small business’s need more of the social responsibility in order to have more trade and an increased profit. For the major corporations the focus is on what is going on in politics, social, and environmental due to the economy or the state of their countries.

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.

Genzyme is an American Biotechnology party based in Cambridge, Massachusetts. Genzyme is third biggest biotechnology company with over 10,000 employees around the globe. it is located within over 65 countries. Genzyme has over revenues over $4.6 billion. Fun fact about the company I found was they had donated almost $100 million in 2006. The case talks about HAND which means find effective drugs for neglected diseases.

This is a persuasive paper defining various business terms like corporate social responsibility and equal distribution of wealth. The thesis statement does state that the CSR programs are applied in various developed organizations to set an example for small and rising enterprises whereas the anti thesis statement is that there are no moral obligations felt by businesses to be involved in CSR. The financial aspect of CSR activities is also discussed; at times it is thought that involvement of business in any environmental friendly work may lead to higher costs whereas an opposite point of view is that CSR increases long run profit (Aras & Crowther, 2009). Now day’s Triple bottom line concept is aligned with business which is another

According to Gordon Brown, Chancellor of the Exchequer, the modern day corporate social responsibility goes far beyond the old philanthropy of the past that is donating money to good causes at the end of the financial year and is instead an all year round responsibility that companies accept for the environment around them, for the best working practices, for their engagement in their local communities and for their recognition that brand names depend not only on quality, price and uniqueness but on how, cumulatively, they interact with companies’ workforce, community and environment. It is necessary to move towards a challenging measure of corporate responsibility, where judgment results are not just by the input

The centre of the debate about the CSR is the nature and extent of corporate obligations that extend beyond the economic and legal responsibilities of the firm. “The idea of social responsibilities supposes that the corporation has not only economic and legal obligations, but also certain responsibilities to society which extend beyond these obligations” (McGuire, 1963: 144). The issue is therefore critical for the firm as it is in the business’s long-term self-interest to be socially responsible. If Chiquita wants to have a healthy climate in which to function in the future, it must take actions now to ensure its long-term viability. Ultimately it will benefit the company by “winning the public” because the public believe firms should take on social responsibility.

HEB possess many corporate social responsibilities (CSR) and I believe that the way HEB executes their responsibilities can benefit and improve the Houston Food Bank (HFB). “The meaning of the CSR is to recognize that business firms have not one but many different kinds of responsibilities, including economic and legal responsibilities. Corporations have an economic responsibility to produce goods and services also to provide jobs and good wages to the work force while earning a profit (The Business Cornerstone). “The concept of corporate social responsibility is often expressed as the voluntary assumption of responsibilities that go beyond the purely economic and legal responsibilities of the firm (Scilly).”

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue

Controversy exists as to whether companies have a duty to recognize and fulfill their corporate social responsibility (CSR), or whether it is sufficient for them to discharge their business functions while complying with the law. The opponents of CSR argue that managers are custodians of shareholders' wealth and should only engage in business functions that they are qualified in, leaving social functions to be performed by the government. However, CSR has now become a strategic part of business activity because it enables companies to gain legitimacy and approval of the community to ensure their survival, while contributing towards profitability.