StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

What Corporate Social Responsibility Means - Assignment Example

Cite this document
Summary
The paper "What Corporate Social Responsibility Means" refers to the commitment of a company to serve itself, shareholders, employees, and other stakeholders of the company such as customers, the surrounding community, and suppliers who are affected by the activities of the company…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
What Corporate Social Responsibility Means
Read Text Preview

Extract of sample "What Corporate Social Responsibility Means"

The first element of CSR which is about people regards the social issues of Corporate Social Responsibility (Clapp and Rowlands, 2014). They include the health and safety of the clients consuming the company’s products, the safety of the local people from the gaseous emissions of the company, workplace conditions for the employees, and provision of a fair level of leisure for the human resource of the company.

• Planet
The planet element of Corporate Social Responsibility regards the environmental issues. Issues under focus, in this case, is for instance pollution through the noise from the production process of the company, congestion, climate change caused by the gaseous emissions of the company, management of the company’s waste products, recycling, and the use of alternative sources of energy like solar and wind.

• Profit
Businesses run for the only reason of making a profit. The Corporate Social Responsibility element of profit regards the company's role in making profits and increasing the value of the shareholder's investments (Clapp and Rowlands, 2014). The blueprints that a company should focus on in order to best deal with the element of profit include the financial performance of the company, better investment decisions, human capital improvement, building business relationships and networks, and government subsidies.
2. What are the 2 zones of CSR and explain?

• Conviction
Conviction refers to the case where the company does what it feels is generally accepted as ethical and right and voluntarily contributes to the local community by doing philanthropic projects (Clapp and Rowlands, 2014). Examples of Corporate Social Responsibility activities that fall under the zone of conviction include building bridges, sponsoring schools, and starting foundations to fund the education of needy children in the local community.

• Compliance
Corporate Social Responsibility activities that fall under the compliance zone are those that enhance the company’s compliance with the law and the various requirements of external regulations. Such activities include manufacturing products that meet the required quality standards.

3. What are the potential advantages of CSR for the company?
Corporate Social Responsibility activities of the company boost its reputation in the community. A good reputation earns the company good business relationships and enables it to attract skilled and well-trained employees. Activities that entail much contact with the local community may increase the company’s customer base.

4. What are the potential disadvantages of CSR for the company
There is a conflict between the profitability function of businesses and Corporate Social Responsibility activities. Most of the Corporate Social Responsibility activities are not profitable but philanthropic. Such voluntary activities to the local community do generate revenues for the business yet they are costly hence reducing the profitability of the business and the value of the shareholders’ investments.

5. Should all companies adopt a CSR policy? explain your answer
Companies should adopt CSR policies but with moderation. The management must strike a balance between profit and non-profit projects that benefit the local community. The Corporate Social Responsibility policy adopted must be a balanced one with profitability as its overriding role.

6. Example for companies uses CSR effectively to enhance their work
The Fly Emirates Company sponsors football clubs in Europe, such as Arsenal F.C. It is able to win many customers through this sponsorship.
Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“CSR Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.org/english/1693988-csr
(CSR Assignment Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/english/1693988-csr.
“CSR Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/english/1693988-csr.
  • Cited: 0 times

CHECK THESE SAMPLES OF What Corporate Social Responsibility Means

Social Accountability

ince the emergence of economic crisis, the concept of corporate social responsibility (CSR) and social accountability has emerged as an important consideration amongst the corporate member and regulators around the world.... ince the emergence of economic crisis, the concept of corporate social responsibility (CSR) and social accountability has emerged as an important consideration amongst the corporate member and regulators around the world.... corporate social responsibility (CSR) is “a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis” (ECCJ 2006)....
11 Pages (2750 words) Literature review

Corporate Social Responsibility in the 21st Century

The paper 'corporate social responsibility in the 21st Century' will discuss some of the impacts that cooperate social responsibility has effected on economic and management strategies.... The complexity of cooperate social responsibility has attracted many scholars from all fields in an attempt to describe its many aspects.... ith globalization, no enterprise should forgo cooperate social responsibility with the aim of addressing the urgent issues in the international market....
4 Pages (1000 words) Essay

Coca-Cola International: Corporate Social Responsibility

corporate social responsibility Option B Corporately Socially Responsible Reporting Entity: Amongst an entire list of multinational corporations, a number of companies are fulfilling their corporate social responsibility.... If a company is regarding social issues as significant while thinking of its corporate agenda, it aims at and practically involved in fulfilling its corporate social responsibility (Hay, Stavins, & Vietor, 2005).... Following are the activities claimed by coca cola as their corporate social Responsibilities....
6 Pages (1500 words) Essay

Corporate Social Responsibility

Therefore there is a need for good corporate social responsibility toward the customer given the fact that the organization products or services are made for the consumption of the customers/public and in the even whereby the customer fails to consume the products, there is the danger of the organization becoming irrelevant or redundant because it would no longer need to carry out any more production.... It also emerged that the process of winning customers is quite an expensive one and therefore losing the customers by failing to adhere to corporate social responsibility requirements is a major undoing for the organizations considering the fact that organizations must need to be genuinely concerned about the well being and the wellness of the customers....
8 Pages (2000 words) Assignment

Drivers Pushing Companies towards Corporate Social Responsibility

The author of this paper "Drivers Pushing Companies towards corporate social responsibility" will make an earnest attempt to explore the role of using partnering in construction supply chain management to maximize corporate and social responsibilities.... corporate social responsibility being employed by various private sectors plays a major role in ensuring that the social cohabitation of the industries is improved as well as the supply of products and services....
14 Pages (3500 words) Term Paper

The Corporate Social Responsibility

From the essay "The corporate social responsibility" it is clear that all stakeholders are equally important to an organization and therefore the corporate social responsibility department must treat them indiscriminately for the sake of the organization's survival.... The student-led seminars were a great time of learning whereby a lot of corporate social responsibility content was learnt.... Therefore there is a need for good corporate social responsibility toward the customer given the fact that the organization products or services are made for the consumption of the customers/public and in the even whereby the customer fails to consume the products, there is the danger of the organisation becoming irrelevant or redundant because it would no longer need to carry out any more production....
7 Pages (1750 words) Essay

Corporate Social Responsibility of Zain Mobile Communications Company

d) has mentioned that corporate social responsibility (CSR) is one way of expressing the obligation of an organization towards the community where it works.... The organization exhibits their social responsibility by making products useful to the society and keeping good relationships with the employees and the community around it (Redefining CSR).... This paper briefly analyses Zain policies with respect to corporate social responsibilities....
10 Pages (2500 words) Case Study

Corporate Social Responsibility

This work "corporate social responsibility" describes theories of CRS that most business organizations apply in creating the image of a socially-oriented firm.... corporate social responsibility has recently become the foremost element of strategic policy of most corporates.... In most cases, business organizations do it on voluntary basis since they feel it is part of their responsibility to ensure that the interest of the employees, their families, and the entire society is well-taken-care-of (Sims, 2003, p....
9 Pages (2250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us