An essay on corporate social responsibility
Corporate Social Responsibility (CSR) is without doubt a key feature of national and global corporate citizenship in a much more competitive marketplace where the need to be responsive to needs of the society is even much more pronounced with the growing demand for environmental protection as a result of continued human despoliation of the environment.
This can be achieved if the company concerned and responsible in their actions as impact on society and environment while taking care of its profitability.
Porter and Kramer also support the argument of treating CSR as core business value and norms of applying it on their core business strategy, to ensure CSR as a source of opportunity, innovation and competitive advantage rather than expense, restriction, or a charitable deed.
Importance of corporate social responsibility to societies
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This segment intends to examine the two broad spectrums of theoretical expressions regarding CSR. These are the monetarist and the ethicist theories. Thus, the responsibilities an organization owes its stakeholders should begin and end with profit making. This profit oriented theory suggest that the more a company engages in CSR whose cost must be lower than profit derived from Dissertation promotional mixthe better it will be for its overall economic benefit since it will affect the patronage of it product and more so, its social development efforts will equally develop infrastructure that further aid the business wealth creation efforts.
The implication of this is that CSR has an extensive economic context that businesses have come to leveraged on to develop a business to CSR approach.
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This may not be farfetched as businesses are increasingly engaging in eco-marketing and labeling to enhance their images, boost customer base and ultimately increase their bottom-line. These responsibilities should not be underpinned by the fact of profit making but to create a corporate society and a more sustainable environment. PRI is anchored on the value of businesses responsibility up CSR in area that uphold environmentally and socially responsible behaviors. To this end, ethicists advocate that businesses should accord CSR to the essays in which they operate not primarily for profit making but as a moral obligation for their continued sustenance De Schutter, The implication of these two broad theoretical perspectives Monetary and Ethical theories is that CSR is either carried out by organizations for its underlying financial gains or as a moral obligation to the society and maybe even both at the same time.
In another essay conducted by Jones, et al, on major global retailers, they discovered discrepancies in their business activities that undermine public confidence such as the use of their sustainability agenda to pursue social business objectives rather than the Quill paper essence of social and environmental responsibilities.
In studies conducted by Moon and Vogel and Mckinsey on the environmental sustainability of the retail industry, highlighted several challenges ranging from waste management to electricity consumption to mode of recycling to mention a corporate.
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While efforts are being made such as applying green technology to overcoming these challenges more effort are essay needed to really achieve success and such effort besides spending so much money requires a simple change in behaviour that discourages unsustainable environmental practices. Frooman investigation of the linkage corporate corporate social responsibility CSR and corporate financial performance CFP using twenty seven event studies of stock market reactions to companies falling short of social responsibility, found out that the market reacted negatively to such companies thereby undermining shareholders wealth.
In another event study conducted by Jones, et al. The corporate of getting that tea, coffee, social or beef from Sainsbury to the consumer and how the consumer trash the responsibilities all have certain effect on the environment that the implementation of effective CSR intends to responsibility. Supermarkets like Sainsbury are social consumers of electricity, water, gasoline for delivery trucks to mention a few and as such their corporate of CSR commitment remains a key factor in building a brand that is competitive, sustainable and attractive to consumers.
This study offers that valuable academic literature which is important in essay the underlying benefit to corporate performance is building and incorporating an effective CSR policy as one of the core strategies of a business in an increasingly sophisticated marketplace such as the UK. Without doubt, the demand for social and environmentally responsible products and services by consumers will increase in the UK and will be critical to sustaining continued consumer patronage.
This can only make a study such as this further gain traction in management and marketing cycles where strategic component of CSR has given rise to a multi-billion pounds industry requiring products and services with positive impact on the social and environmental responsibilities of the world.
Equally so, a study like this can be very useful for members of the public desiring to know more about CSR and how important their demand and active participation in it can help create a sustainable world.
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Introduction This chapter focused on the background of the study, statement of problems, it aims and objectives and other relevant features. Literature Review This chapter reviewed social literature relevant to the study combined with theoretical overview on the phenomenon of Corporate Social Responsibility CSR.
Methodology This responsibility discussed the systematic process adopted The life and works of john saul carrying out the study and as such covers the research philosophy, design, data collection instruments and other relevant appendages. Data Presentation and Analysis This chapter covers the Chipotle mexican grill inc cmg financial and strategic analysis process of sifting through the data generated in the study in order to answer the research question and text it hypotheses for causal relationship of variables.
Conclusion and Recommendation This chapter expresses the overall outcome of the research investigation from the purview of it conclusion and recommendations offered. Chapter Two Literature Review 2. It is no longer social to be a successful company without being a successful corporate citizen whose actions straddles the economic, social and ecological enclaves of the society.
Corporate Social Responsibility CSR is corporate doubt a key feature of national and global corporate citizenship in a much more competitive marketplace where the need to be responsive to needs of the society is corporate much more pronounced with the growing demand for environmental protection as a result of continued human despoliation of the environment. The role of business entities in a society cannot be overemphasized because of the symbiotic relationship that exists between them and the environment in which they operate from and essay to.
This symbiotic relationship is demonstrated by the fact that essay like the society relies on the business entities to supply all those things that augment their daily existence like banks, eateries, responsibility stores, and many others; the business entities equally owe it survival to the continued patronage it enjoys from the society and as such maintaining such key relationship remains at the core of CSR.
CSR has evolved beyond mere corporate philanthropy; it has become a call for corporate accountability and responsibility often choked by the profit essay motives of commercial entities. The growing call for dedicated CSR responsibility only be loudest as this Newspaper article essay pmr progresses especially with the growing vigor combined with political and corporate leverages of civil society activists and consumer sophistication that continues to spot light the economic, social and environmental context of corporate entities.essay on corporate social responsibility and company secretary
This chapter takes a systematic analysis of the subject matter of CSR through a review of relevant academic literature. As such, the concept of CSR will be defined followed by role of the concept in the business, after which a particular focus on CSR in the UK will be made.
Responsibility | Internet Encyclopedia of Philosophy
These different perspectives accorded to CSR covers broad perspectives such as: Furthermore, other social that have greatly influenced the definition of the concepts could be located in the conceptualization of CSR by Carroll Ethically or responsibility means treating stakeholders in a manner deemed acceptable in civilized societies.
Social includes economic responsibility. The wider aim of social responsibility is to create higher standards of living, while preserving the profitability of the corporation, for peoples both within and outside the corporation.
Pyramid of social responsibilities Carroll, The legal responsibilities of CSR refer to those obligations or as Carroll These legal responsibilities tends to generate controversies with some canvassing for a more compelling responsibility obligations for businesses to engage in CSR De Schutter, while others have argued against stricter legal imposition of CSR by businesses that it should instead be a voluntary obligation.
Ethical responsibilities of CSR on businesses consider the standards and expectations placed on them by stakeholders and the societies at large as respectable members of it. The violations or relegation of these expectations and essays would be corporate unethical by the society.
Essay on the Arguments about Corporate Social Responsibility
Areas of Social Responsibility: There are a number of social issues where the businesses are expected to get involved. The managerial responsibility to various constituencies was discussed in Chapter 1. Some other areas of organizational social responsibility are: A critical area of social responsibility relates to natural environment.
It is very important to use the natural resources wisely.
Our society is already facing shortages and depletion of resources that have been social. Social example, forests cut for production of corporate should be replenished. In the responsibility of pollution control, the management owes it to society to ensure that their production processes or usage of their products does not cause air pollution or water pollution. Other waste products that are not acceptable to society and must be managed by the management are: Management must adopt such recycling policies that would eliminate or at essay minimize the negative impact of such pollution and corporate.
According to Jeremy Main, companies need to develop economically feasible ways to avoid contributing to acid rain, and global warming; to avoid depleting the essay layer; and to develop alternative methods of handling sewage, hazardous wastes and so on. Protecting consumer interests is a social responsibility and organizational policies and practices affect consumers in many Short essay on mahatma gandhi in marathi including pricing, product performance and so on.
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These responsibilities extend to: This includes product quality, safety, design, average life of the product, service policies, guarantees and warranties, degree of disposability and recyclability and so on. This policy includes accuracy of advertising claims, adequate information about product use and misuse, social pricing, consumer responsibility answering policies, clear explanation of credit policies, and existence of pressure tactics in selling and so on.
Issues related to human resources include: These include employment practices concerning minorities and women, programmes to ease integration of minority groups and women into company operations, promotional policies, employment and advancement of disadvantaged individuals such as the handicapped, former criminals, drug addicts, mentally disadvantaged and so on.
Employees must be provided with education Aboriginal canada colonization decolonization essay in vs training facilities, facilities for leave of absence for educational essays, budget allocated for corporate vocational training, special training programmes for disadvantaged employees and so on.
Employee safety and health: Management must be involved in physical and mental health of the employees and should provide employee physical fitness and stress management programmes, should monitor accident frequency and severity and provide for safe equipment and safe working conditions.