Essay about Sustainability in Stadium

Businesses, specifically larger corporations, play a major role in what occurs in society therefore, they are responsible to their stakeholders not only to pursue economic goals but the greater social good as well. Corporate social responsibility (CSR) means that a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect people, their communities, and their environment. (Lawrence, 2010). Social responsibility is becoming the norm so much so that some businesses have incorporated it into their business model. There are three components of the bottom line of social

Sustainability is a topic that has become very important in recent years. Sustainability is defined as, “the ability to continue a defined behavior indefinitely.” ("Finding and Resolving the Root Causes of the Sustainability Problem", 2014)

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.

Corporate Social responsibility (CSR) has been viewed in different ways by different school of thoughts; some see it has a voluntary initiative, while others think it’s a main part of every company’s structure and even an opportunity to improve brand. For this work, we would take the position of the later argument. It is simply giving back to the environment that you gain from. It involves protection of the environment, development of quality of the occupants of the environment and improving their quality of life. Like Barnard (1938), it is analyzing the social, economic, moral, legal and physical aspects of the environment.

Thought out some wonderful benefits such as increasing the prestige of businesses around the world, attracting many talents to increase profits and having credibility from the society through the right moral behavior. We now see the irreplaceable importance of corporate social resonsibility. And in that sense, the implementation of CSR becomes a strategic element that is oriented in the development of

According to which business houses are looked upon as trustees of the resources which they draw from the society and are expected to return them back to the society in various forms. CSR is an extremely important concept for sustainable development of all stakeholders which includes all the people on whom the business has an impact particularly the society at large. Critics argue that CSR distract the companies from the economic role and dwindles their progress report, however the importance of CSR cannot be undermined. With the amendments of the companies act,Section 135 of the Companies Act, 2013 contains provisions exclusively dealing with Corporate Social Responsibility. Where in the meaning of “Corporate Social Responsibility (CSR)” has been defined very clearly. A new provision relating to Corporate Social Responsibility has been introduces with the Act which provides that every company having specifies net worth or turnover or net profit during any financial year shall constitute the Corporate Social Responsibility (CSR) Committee of it’s Board of Directors to formulate policies for the activities specified for the social and economic welfare of the people, particularly those who have remained deprived or neglected so

Corporate social responsibility (CSR) as defined by Carroll (1979) refers to the inclusion of moral, lawful and economical obligations that is expected of a business by the society (Brtitzelmaier, Kraus 2012). Organisations are expected to act responsibly, but many would agree that their actions and policies do have a direct or indirect effect on the society at large and the environment. The success of most organisations is dependent on their corporate

Sustainability can be divided in to three main sections: social, economic and environmental sustainability. On the social side “sustainability is about identifying and managing business impacts, both positive and negative, on people”1. Environmental sustainability looks at damage to the environment which could impact future generations. Economic sustainability relates to “the ability of an economy to support a defined level of economic production indefinitely”.2 Sustainability has been a rising issue in recent years and concern has been shown towards environmental sustainability as pollution is rising rapidly. The field of business and management has potential to be able to help reduce pollution and offer some solutions to all three aspects of sustainability.

Leading community businesses and governments admit Corporate Social Responsibility (CSR) as an official policy objective. Those companies who apply CSR are able to maintain sustainable progress. This development covers social, economic and environmental influence in how they run (Clegg, 2011, p. 216). Three areas are the bases of the triple bottom line (TBL) approach (Elkington, 1994). CSR itself has various meaning but in more simple way it can be defined as firms’ obligation to act ethically and to facilitate elaboration. Thereby they try to make employees’ life better and likewise help to demonstrate a positive impact on local society. Therefore businesses are responsible for two factors of how they operate. Firstly, they should be concerned about the quality of management including people and operations. Secondly, they have to consider the character and amount of their effect on community in different fields. External stakeholders take a huge concern on how an organisation acts whether they perform well in their products, services, and society or not. Moreover they take an interest in how they care towards the workforce (Baker, 2004). The following paper demonstrates the major reasons of why businesses should take CSR seriously and what advantages does CSR have when they use it. First aspect will be related to reputation and brand image. Then it will be followed by strategy of cost reduction. Third aspect will explain the approaches to gain a competitive

The events sector has a big impact on the economy, creating substantial and seasonal job opportunities. The profound development of the sector over the years has created a sustainable environment for it to expand therefore being a strong vehicle for sustainable development. Sustainable development being a process which has means to maintain the ability of natural systems whilst meeting particular needs of the present. Doing this without negotiating the ability of future generations to meet their own needs. Future focus is the main goal however this does not necessarily mean we lose out now as we cannot achieve this unless we change the way things are now for better. Focusing on the way we work and achieving a higher quality is the main key. Looking at sustainability in the events industry it is really all about good practice within the business and management side. You can often refer to this as event greening, so to have concerns of environmental, social and economic issues when it comes to organizing your event. Not only should the event’s manager be involved in creating a positive event in relation to increasing the sustainability but so should everyone else who is involved. Although others believe there is a negative correlation linked between events and sustainability, it’s an industry that’s growing rapidly and changing its focus

Man is a social animal so he cannot live alone. Society does its best to provide the individual with all the comforts amenities and facilities of life. So it is duty to do service for others. Nowadays more and more organizations are engaging in positive way often referred to as corporate social responsibility. It is important to doing a social service all organizations. CSR aims to embrace responsibility for to reassure a positive effect on the environment and stakeholders containing consumers, employees, investors, communities and others. Firstly how company practices in CSR, how company impact on Society, what activities does CSR.

Corporate Social Responsibility can be defined as a company’s responsibility to ensure ethical business behavior, contribution to the economic development of a country, improve the lifestyle of its own workforce and their family members, betterment of local community and overall society. It is some small amount of cost done by the company which effect can’t be seen in the present but in long term it promotes positive image for the company. Successful CSR program can take a company beyond government regulation and legislation. It is a sustainable program which a company can easily run with its other activities. It mainly defines areas of concerns and initiatives which can improve the relationship of customers, shareholders, suppliers, competitors and other stakeholders with the company.CSR helps to achieve organization’s objectives and guide a company toward what the company stands for and how it satisfy its consumers. CSR can also define in three words that are People, Planet and Profit. People represent fair labor practice and betterment of the community where it operates. Planet represent environment friendly business practice and last of all Profit refers to organization’s economic value created after deduction of all the costs from the revenue including capital costs. Now a day CSR is regarded as a tool for building brand equity through customer loyalty based on distinctive ethical values. CSR is also criticized by some critics. According to their

According to Cheng (2014) many top executives as well as academics are focused in corporate social responsibility strategies like involving social and environmental concerns in their operation. Guo (2014) in his article states that CSR is the behavior demonstrated to the entire stakeholder rather than stockholders alone by assuming the importance and necessity of the sustainable development. Lindrawati (as cited in Santoso, 2010) argues that business can’t be distinguished by ethical and responsibilities issues and do not always seek profit. CSR have become more common nowadays. According to KPMG International’s survey in Asia-Pacific in 2013, 71% of the 4,100 companies and 93% of the largest 250 global companies based on the Fortune Global 500 rankings were recorded being involved in CSR activities (Santoso, 2010).

At present companies are inclined to focus on sustainable development as well as sustainability, which brings with it changes to the corporate culture as well as society. Sustainability has three important dimensions for all companies: economic growth, social responsibility and responsibility for the environment. The social and environmental responsibility, however, cannot become separated from economic growth. Profitability and growth create jobs and wealth; companies have to continue to provide products and services that people need. To understand the characteristics of sustainability, first step is to building the ability to prove how expansion of knowledge can be used in support of employers and public interest. IFAC in 2008 has defined sustainability, sustainability is all about :

This chapter outlines an overview of the research approach adopted in the study as well as the research methodology and the practical approach adopted to achieve the set objectives of the study. In addition, it also highlights the data collection methods, ethical considerations, and data analysis. Case studies will be used as a research strategy as they are distinguished by their ability to investigate a phenomenon which, in this case, will be the upgrading heritage buildings through sustainable designs and construction. The chapter also rationalizes the sampling approaches and the research methods used for collecting the data in the case studies. To achieve the objectives, data for this study will be collected using two qualitative research methods: document analysis and semi-structured interviews which were used to give a scholarly definition of the term “sustainable adaptation to heritage sites and buildings” which is part of the objectives. The chapter also looks at the qualitative analysis techniques which will be used to analyze the data.