The Corporate Social Responsibility Of Cole + Parker Essay

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

Corporate Social Responsibility (CSR) is a very controversial topic. A question that has been debated for the past few decades is; is it corporately viable to introduce social responsibility as a proposed addition to the work ethic of business organisations. As well as, if adopting the framework of corporate social responsibility would yield positive improvements for those organisations.

Last few decades, Corporate Social Responsibility became more visible and every company is using it as a marketing tool. With strong commitment to Corporate Social Responsibility, Dannon need to communicate its Corporate Social Responsibility activates toward environment, people and nutrition and health benefit to its customers and stakeholders. According to Schiefelbein (2012), proper communication strategy is needed to effectively influence customers to balance threats and opportunities. -- To design a Corporate Social Responsibility communication strategy for Dannon to its customers, we need details of Dannon products, implicit knowledge of its operation and the customer base.

Company Q is a small grocery store chain who has struggled to maintain social responsibility. The company decided to close down two of their stores which were operating at a loss due to being located in high crime areas. In the existing stores, Company Q has answered to the demands of their customers by offering a limited amount of health-conscious and organic products, but has declined to help out the community by throwing out day-old foods instead of donating them to the local food bank. The decision to throw out the day-old foods was brought on by lost revenue due to possible employee theft and fraud.

From a business ethics stance “corporate social responsibility” (Velazquez, 2007, pp. 23), refers to the social interest an organization manifest in the environment it operates. SoftMagic has not seized opportunities from corporate social responsibility. In the U.S., the use of pro-bono activities to develop networking is fundamental considering that multiple leaders of different firms participate and engage in activities that consequently offer an opportunity to market and increase the awareness of the organization. One more time, the cultural challenge seems to have affected the opportunities for SoftMagic.

Named for the Liberty Bell, the think tank uses research and advocacy to promote policies that help Colorado individuals and families access economic opportunities. Meanwhile, in order to balance her long-term goals with serving immediate local needs, through the Brett Family Foundation, she continued to fund direct service organizations supporting underserved communities, particularly disadvantaged youth and their families.

Shared value is a business strategy which focuses on creating overall value while addressing social problems. This concept of management strategy was expressed in the “Creating Shared Value” article by Porter and Kramer. Shared value is not just an aspect of a company’s growth strategy or general business operations. It is well integrated in the way a company operates along with what their goals are as an organization. The value created for a company’s targeted end user also has some sort of social impact which benefits their company purpose. Creating social impact is a company goal and success is measured through creating a shared value network. Porter believes that “The ability to address social issues is integral to profit maximization instead of treated as outside the profit model.” He is addressing that profits are not measured by impact not just monetary gains for the company, we can change our mindset to think of profit in a different way. Profit can be a benefit or some sort of added value. In this approach Porter argues that “Corporate social responsibility encompasses not only what companies do with their profits, but also how they make them.” This relationship is the driving force for a company’s development and future growth, and it goes beyond corporate strategy it also incorporates investments and key stakeholders for each company. Quantifying a monetary figure and amount for social impact may be extremely difficult, however it has progressed with awareness and

This report will demonstrate how Carroll’s interpretation of corporate social Responsibility (CSR) is more suited to an Anglo-American interpretation of CSR compared to that of a Nigerian perspective as it is difficult to apply the ideas in the African context due to the country being less stable than the western world that we know. To demonstrate this I will look at the Shell case study in Nigeria and how “culture may have an important influence on CSR priorities” (Burton et al, 2000). In March 2007 a British national was kidnapped from an oil rig in Nigeria emphasising the issues that large corporations face in foreign countries. To meet the expectation of “true corporate social responsibility it is expected that all four levels are met

Company Q’s current attitude toward social responsibility demonstrates a bias toward the outdated shareholder model, rather than the stakeholder interaction model of corporate governance, as well as a significant lack of concern for the fundamental wellbeing of some of its primary stakeholders. Arguably, however, even the shareholders themselves may ultimately be frustrated in realizing the maximum potential return on their investment in this company due to lost opportunities as a result of Company Q’s poor corporate citizenship and failures to achieve social responsibility.

Barclays plc: Socially Responsible Corporate Behaviour How does Barclays plc fulfil its obligations to their stakeholders in terms of ethical business practice and socially responsible corporate behaviour? According to The Institute of Business Ethics (cited in MORI, 2003), “80% of the public believe that large companies have a moral responsibility to society but 61% also thought large companies don’t care”. Why this shocking conclusion? Due to major accounting scandals such as Enron and WorldCom the public’s confidence in organisations have decreased.

Since 2006, when the TOMS Shoes was founded, their ‘one for one’ business model has been widely embraced or criticized by different companies and the consumers. While, Blake Mycoskie, the founder of TOMS Company, was on trip to Argentina in 2006, he witnessed the extreme poverty and poor health conditions. After countersigning children walking barefoot, it dramatically heightened Blake’s awareness. Consequently, after witnessing those events, Mycoskie came up with a simple and innovating plan to create a for-profit business with a philanthropic component. Consequently, Blake created TOMS company with a unique principal and business model referred to ‘One for One’. TOMS ‘One for One’ is a unique business model, where for every pair of shoes purchased TOMS donates a pair of shoes to children in need in developing or underdeveloped countries. The company’s name ‘TOMS’ generated from the word ‘TOMORROW’, which was the original concept of the company, ‘shoes for tomorrow’.

When analyzing Unilever and Procter and Gamble’s corporate social responsibility stances, many similarities can be seen. The first main similarity in each company’s corporate social responsibility stance relates to common goals. Both company’s share the common goals relating to deforestation, commitment to small farmers and sustainable agriculture practices, and clean water. In Procter and Gamble’s sustainability report, they implement a no-deforestation plan for suppliers, small-farmers program to improve practices and livelihoods, and their Children’s Safe Drinking Water program to provide clean water for families. (“2015 Sustainability”, 2015). Similarly, Unilever wishes to eliminate deforestation by 2020 to combat climate change, encourage sustainable agriculture techniques to increase yields for small farmers, and make progress towards worldwide access to safe drinking water (Bartlett, 2016). The second similarity found between these two companies relates to the joining of various organizations in order to advance their cause. Unilever partners with organizations such as the Tropical Rainforest Alliance, Consumer Goods Forum, and Save the Children. These organizations do not belong to any part of the companies value chain (Bartlett, 2016). Proctor and Gamble also joined organizations outside their value chain. They have joined programs such as Climate Savers, Corporate Renewable Energy Buyers’, and RE100 (“2015 Sustainability”, 2015). Both companies commit to

This is essay will focus on analyzing how corporate social responsibility (CSR) influences the investor relations of a corporation and whether it is good for the society, using Gasland and FrackNation as examples. In the contemporary society, CSR sounds like a commendatory term for the society. Over decades, it seems like that both the public and the media are trying to encourage corporations to behave more responsibly, and corporations are gradually becoming more socially aware in the contemporary society because they know they cannot afford the consequence of ignoring it. (Bernstein, 2009:606) However, CSR is not always beneficial. One of the major practices of public relations is investor relations, because the concerns of a corporation’s investors can directly relate to its welfare. When the corporations paid more attention on CSR, their investors will inevitably somehow feel ignored. As a public which has real material input to the corporations, investors are seeking for future returns, they want to be treated specially by the corporations that they invest. Also, value too much about CSR can make corporations become the victim of being morally hijacked, which may harm both a corporation’s financial success and the whole society’s harmony.

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.

‘Corporate social responsibility’ (CSR) means that the firm has wider responsibilities in relation to objectives and people apart from the owners or shareholders (Beal and Goyen 2005). These responsibilities are achieved when the firm adapts all of its practices to ensure that it operates in ways that meet, or exceed, the ethical, legal, commercial and public expectations that society has of business. Objectives often associated with CSR include a responsibility to manage natural assets sustainably and not to pollute by chemical discharge, smell, noise, dust or other irritants; fair treatment of employees and ethical attitude towards clients. The other people include employees, customers, suppliers,