Donald Siegel's Theory Of Corporate Social Responsibility

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.

Leadership has been studied from a wide range of perspectives and thus it means different things to different people. Some people view leadership as the focus of group processes, some others view it from a personality or skills perspective, to some others leadership is an act or behavior, some school of thought describe leadership in terms of power relationship while some view leadership as a transformational process (Northouse, 2012). Looking at the various definitions of leadership, there are various terms that are important; including the fact that leadership is a process that involves influence and the attainment of a common goal, and usually occurs in the context of a group (Northouse, 2012). The path-goal theory is one of the

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

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.

It is widely believed that Corporate Social Responsibility (CSR) is one of the most important tasks in the twenty century. Some people may consider that companies have always been the profit organizations, and social affairs are in charge by the government, which is a common sense that there are no directly relationships between each other. However, CSR is considered one of the key elements to sustain companies to vary their original operation levels. In this essay, I attempt to outline the different definitions of Corporate Social Responsibility and evaluate the reasons why CSR became a prominent part of the business world by actual

Social responsibility has become a primal interest to the humankind for the past two decades. In the earlier days, the firms and organizations concentrated only on the financial part of the business and ignored the ethical, social and moral sectors. But in the recent times, the businesses are getting a grip of the significance of the social, ecological and environmental effects on their success. This has resulted in the emerging interactions between organizations and social segments thus giving rise to corporate social responsibility (CSR) . This paper discusses about the ways and methods of CSRs that are applied in the University of Wisconsin and the impact these methods created on the social, environmental and ecological fronts of the

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.

Corporate Social Responsibility (CSR) is defined by Carroll as being split into four possibilities,”it is economically profitable, law abiding, ethical and Philanthropic” (Visser. W, 2005). Economic responsibilities is defined as being for profit purposes, managers focus is purely on the outcome of the business and the shareholders, there is

Corporate social responsibility is not a new concept; it has evolved significantly, and presently it contains a number of terminologies, theories, and approaches. Nevertheless, one of the main issues that arise in this concept if the theories mix approaches, which use words that have different meaning and motives (Adolphson, 2004). This paper will thereby discuss and present theories of Corporate Social Responsibility in the context of ethical or normative and instrumental motivation. The paper will discuss CRS in both perspectives, which are ethical or normative perspective that mainly focuses in developing a better society, while instrumental perspective mainly centers its ideas on achieving economic objectives by creating social activities.

What many organizations learn today is that forward-looking innovation and competitive advantage can be obtained from intertwining social, as well as, environmental considerations into business from the very beginning. Through this process, businesses can come up with the next generation of ideas, employees and markets. Therefore, corporate social responsibility is a commitment to improve public welfare through flexible business practices, along with contributions of corporate resources. Corporate social responsibility is all about ethical values and acquiescence with legal requirements, which go hand in hand with respect for the community, the environment and the people. To the extent that a business is concerned, social corporate responsibility is corporate citizenship. In this context, a business needs to be a good neighbor to the people, the environment and the community. An organization should be socially responsible within its host community (Cramer & Bergmans 2003, p. 142).

Corporate social responsibility has become one of the most popular trends in today's world. CSR has now become an instrument to measure the company's interest in various issues that are not directly related to profit making. CSR also make aware of the public and media about the company's interest in the community. There are several reasons for a company to set up its corporate social responsibility. First of all, having a CSR policy and activities improves the public image of the company to a greater deal. It has been found that company's reputation is always built on its CSR programs besides its services and products (Cheng, Ioannou, & Serafeim, 2014). Therefore, most of the companies start their CSR policies and share those to the world so that everyone should be aware of the activities organized by the corporation for the

Campbell (2007, p. 952) based on the review of CSR proposes that firms are less likely to perform in a socially responsible way when when they are facing weak financial performance and are operating in the environment where there is limited likelihood for short term profitability.

The United Nations Industrial Development Organization(UNIDO) defines ‘Corporate Social Responsibility’(CSR) as “a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders”. The term is explained through a “Triple-Bottom-Line Approach” as being the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple-Bottom-Line”) while at the same time addressing the expectations of shareholders and stakeholders (Elkington, 1997). This approach assumes a very significant light in today’s dynamic world where every aspect of life is inter-connected in a very mysterious fabric, where the alteration of one can affect the others in ways beyond comprehension. Corporate Social Responsibility, both as a term and concept, started becoming popular in the 1960s, when industrialization which sprouted in the Industrial Revolution was fixating its roots all across the world. Industrialization can be defined as the “period of social and economic change that transforms a human group from an agrarian society into an industrial one”. Just like the correlation and dependence of the various aspects of life with each other, it is seen that CSR and Industrialization shared their space of mutual effects as well.

Starting from the times of trade system to today’s modern time of plastic money, undeniably “profitability” has always been the attraction and an idea behind all this growth; but as every coin has two sides; growing massive competition and business competitions started taking heavy compensation on the quality, transparency, environment, business and society. The corporates started understanding that they would have to rise over and above the profitability and take care of all those related with their survival in the society directly or indirectly. This understanding is the result of the concept of Corporate Social Responsibility (CSR). This report is to understand of key concepts, principles of CSR, business ethics, corporate governance, and social responsible investing by the two case study of the TATA Group under Mr. Ratan Tata and Malcom Rands with their ethical behavior with the concept of CSR.

In this report, the concept of corporate social responsibility (CSR) is discussed from the viewpoint of suppliers, customers and society. It is generally defined as the commitment of business to contribute to sustainable economic development by working with employees, their families and local communities (World Business Council for Sustainable