What Are The Characteristics Of CSR In Japan

Based on my interpretation of CSR, I see it as a voluntary obligation that companies have promised to their stakeholders to fulfill by improving, or at least not harm, the environmental and social wellbeing. When companies engage in CSR, they voluntarily promise to, for example, carry the responsibility to protect the environment and take actions against bribe or other corruptive activities related to their business. It certainly has some positive influences to specific areas based on my knowledge gained from other classes; nevertheless, when judge CSR in the context of total impacts on our society and environment, it is obvious that CSR has failed its mission to lessen the negative impacts of business based on the evidences that provided by the author. Also, since there is a strong positive relationship between CSR behaviors and consumers’ reactions to a firm’s products and services, it seems to me, now, that CSR for the most companies is just a fancy cover that helps them to create or promote a good image and reputation. The recent case that shows the failure of CSR of Volkswagen even make me believe that CSR programs may be just a marketing or public relation exercise for many

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 other words, these socially responsible companies will evaluate not only the short and long term economic outcomes of their present decisions but also the long-term environmental and societal outcomes of their current actions. This thus leads to the triple bottom line approach of reporting environmental, social, and economic performance. In addition, Wilson from the Ivey Business Journal argues about corporate social responsibility or the CSR. The CSR has been around longer than the term and implication of “sustainable development” but has similar guidelines. From about 1953 the on, the main debate was whether corporate managers had an ethical responsibility to consider the needs of society and by 1980, it was generally and consensually accepted that corporate managers should and did have this moral responsibility. So by incorporating sustainability plans or even creating a separate branch dedicated to doing so, the company’s reputation often is increased, which over the long term, will contribute to accentuate customer loyalty, market share, and brand value and awareness. (Wilson, 2003) This case study done on Johnson & Johnson published by the IMA Educational Case Journal analyzes the impact that implementations of these sustainability

CSR lacks universal methods. The United Nations Industrial Development Organization (UNIDO) mentions that it is important to draw a distinction between CSR as part of strategic business management concept and charity, sponsorships or philanthropy. The latter applications make valuable social impacts that enhance the reputations of the companies, however, CSR is a continual effort instead of an instance. A few features that CSR should focus on are: eco-efficiency, employee and community relations, environmental management, gender balance, responsible souring, anti-corruption, stakeholder engagement and human rights. Utilizing some of these key features a company can bring competitive advantages into the market place. Increased sales and profits from operational cost savings as well as improved reputation and brand image and customer loyalty can result from a well-defined CSR strategy.

The format of the paper includes an analysis of the merging of CSR in the business management of an organization, case for and against CSR with intent to present an overview. Further, we present a case study of Sony Australia Ltd. a wholly owned subsidiary of Japan’s Sony Corporation focusing on their CSR strategies. Finally we conclude with some observations on the affiliation of CSR and business success and the role of ethics in sustaining a firm’s competitive edge.

“Economic, social, ethical and environmental responsibilities, some of which require compliance with the law others requiring discretionary action to ensure that the company does not knowingly operate to the detriment of society” – McIntosh et al, 1998, Pg. 284

Lee, Park and Lee (2013) can support the correlation between employee attachment and CSR. Nonetheless, CSR activities in a company must be aligned to the corporate culture. Only then employees perform better and are more motivated to work under ethical standards. Moreover, employees appear to be more proud to work for companies that have good external reputation which also results in lower turnover rates. However, as well as consumers, employees must understand why their company support CSR, once understood it will result in positive word of mouth and might attract prospective

Corporate social responsibility (CSR) is the pledge a business makes where it promises to behave ethically and contribute to economic development while improving the quality of life of workforce and their family as well as the local community (Pride, Hughes, Kapoor 42). This practice helps to form or improve the positive image of the company. Businesses that follow the socially responsible model consider the impact of the company’s actions on society. This also includes promoting and supporting local, national and global causes, which is a part of CSR called corporate philanthropy, where businesses donate some of their profits or resources to charities (Taylor). Companies that show social responsibility this way must be devoted to doing so on a regular basis, because if don’t follow through with it, your organization may be viewed by the public as dishonest. Many critics of CSR believe that this model reduces the main goal of business, restricts the free market goal of maximizing profit, and also limits the ability to compete in a global marketplace (Pride, Hughes, Kapoor 47). Though critics may believe they are right, CSR gives companies a chance to address social issues caused by business’ and other factors and allows them to be a part

More importantly, workplace issues have become an integral part of corporate social responsibility. This includes a firm’s lacking efforts in its occupational health and safety, and its fair pay and conditions, amongst others. (Crane, 253) As employees reside in the midst of companies engaging in corporate social responsibility, the reputation of the firm relies profoundly on ensuring all those within the in-house workplaces as well as the outsourced workplaces are treated justly and within the operating country’s legislation. (Crane, 253) Further to this, social injustice that occurs can negatively affect the firm’s reputation and brand favorability. (Crane, 254) Therefore, it was within the firm’s best interests to fulfill their core corporate responsibilities in the workplace. Albeit corporations may have the intention to act within labour standards, circumstances do arise where the rights of employees are neglected and the morality of the firm is questioned.

The popularity of CSR has grown substantially in the last couple of decades. Many people may have grown skeptical of business in the wake of corporate scandals such as Enron, Tyco, and WorldCom followed by the sub-prime mortgage market, which have all gained large amounts of negative publicity. Stakeholders are more aware of the performance of companies along a broader set of metrics that portray the company’s operations in a more comprehensive manner that provides information about social performances and environmental performances. Much of the concept of corporate sustainability is rooted in the notion of sustainable development with can be defined as the ability to meet the needs of the current population without compromising the ability of future generations to

While this variability will inevitably exist, I propose that CSR can generally be defined as voluntary practices through which corporations, businesses and organizations utilize their own resources and power to benefit society, the community, the environment, social causes

Nowadays, stakeholders not only care about profits, but pay more attention to company’s actions on environmental, ethical and social aspects, which links to Corporate Social Responsibility program, as these factors may significantly change the fate of a company in a long term (Chan, 2014). According to an article addressed by CSRquest, (2016) Corporate Social Responsibility is how companies manage the business processes to produce an overall positive impact on the society through its interaction with key stakeholders such as employees and customers. Furthermore, CSR is closely linked to globalisation because whether a company has engaged in CSR programs or not has become a decisive factor of engaging in a globalised marketplace, because

As the globalization are happening faster and the scale is more worldwide and intensive, international business is more the concerned subjects for a lot of researches. And among factors that related to that field, Corporate Social Responsibility (CSR) is considering as a very essential and key feature in doing business internationally (Werther & Chandler, 2005). Therefore, there are numerous and wide range of studies in associated with defining CSR, figuring out the relationship between CSR and organization performance, etc. Moreover, while applying CSR as a phenomenon or as an integral part of operations, overestimate or misunderstanding of CSR is one of the significant problem (Blomgren, 2010). My paper aim at conducting a fairly depth understanding of CSR in form of four main points: 1. Definition of CSR, 2.The effects of CSR on International Business, 3. Different perspective toward CSR, 5. Pros and cons when implementing CSR in Vietnam conditions.

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.

Since independence, the Singapore government has established several regulations and codes of practices in the fields of corporate governance, industrial relations, safety standards, pollution control etc. and companies are expected to meet these requirements. This had led to the adoption of implicit CSR practices in Singapore companies, with a narrow emphasis on an explicit display of their practices. In such a case, businesses may be practicing CSR without realizing it. This is also a major reason why 60% of Singaporean companies are not aware of CSR. Amongst the 27% of companies