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Corporate social responsibility
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...business responsibility as presented by Carroll requires businesses to conduct their affairs in an ethical manner. Generally, this translates into expectations that businesses comply with the spirit of society's laws and with the normative base that under girds them. The fourth category deals with what Carroll names as discretionary responsibilities (Besser, 2002, p. 18). Social betterment activities like philanthropy and community leadership are examples of discretionary responsibility. While talking about Carroll's proposed CSR, corporate social performance model (CSPM) signifies the circles of business responsibility as more clearly specified and the business responses to those... Corporate...
Corporate Social Responsibility
10 pages (2500 words) , Download 2 , Essay
...business, by serving the interests of its broad stakeholder pool inclusive of the community and society in general, also pursues the wealth-generating goals of its shareholders. CSR today has come to encompass a number of elements that were not formerly contemplated as social responsibilities. These include four core components which are accountability, transparency, competitiveness and responsibility (Chen 2011). These would include corporate governance, environmental conservation and sustainability, energy efficiency, business ethical practices, transparency and disclosure, social and community development, poverty alleviation, labour relations, customer expectations... ?Corporate Social Responsibility ...
Corporate Social Responsibility
28 pages (7000 words) , Download 1 , Essay
...Corporate Social Responsibility is a gap between executives' recognition and acceptance of prevailing standards and actual organizational performance (Kantor & Weisberg, 2002), particularly as measured by organizational performance observers such as KLD Research. There is increased scrutiny of the social responsibility and ethics practices of businesses and corporations around the world today. Business trade media are replete with articles advising corporate executives to earn the respect and confidence of organizational stakeholders. Increasingly, corporations are being encouraged to set higher standards of corporate social responsibility (CSR). Hemphill... This qualitative study used Delphi...
Corporate Social Responsibility
6 pages (1500 words) , Essay
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...Corporate social responsibility can be referred to as, “a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction, with their stakeholders on a voluntary basis”. (Prieto-Carron, Lund-Thomesn, Chan, Muro & Bhushan, 2001). The theory of business ethics has gained much... Evaluate the idea that “a companys resources devoted to some cause other than making a profit is outrageous Introduction and purpose: A corporationcomprises employees, stake holders and other entities that hold legal reputation in the society. It works to safeguard the interests of these shareholders through the revenues generated as a result of its functionality....
Corporate Social Responsibility
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...ethical values. Successful businesses such as The Body Shop and American Apparel have a strong reputation for integrity and best practice and therefore maintain a strong brand loyalty. The Body Shop strictly opposes product testing on animals and support community trade with developing countries. Companies easily get a license to operate in many countries when they follow Corporate Social Responsibility. There is also a great argument of insincerity and hypocrisy attached to CSR. Some people believe that CSR is an unnecessary hurdle in the business’s nature and purpose and the opportunity to free trade because abiding by CSR, the level of profits reduces initially, and the company is unable... ?...
Corporate Social Responsibility Master Essay
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...socially aware Corporate Social Responsibility (CSR) is a phrase used regularly by companies when they attempt to assure people of their ethical intentions. The EU's report on 'Implementing the partnership for growth and jobs' defines CSR as: A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. (EU, Implementing 1). Consumer concerns about ethical treatment of the poor and exploitation of the Third World have made the promotion... "Corporate Social Responsibility is dangerous for the long-term survival of a company as it diverts attention from what companies should be doing,...
Corporate social responsibility and business
6 pages (1500 words) , Download 1 , Essay
...business. This receives support from Sarkar (2005) who explains that people would prefer to make purchases from businesses which they respect. Corporate social responsibility is effective for the business if it targets non-profit organizations, ethical companies and the public sector. In the long term, corporate social responsibility in respect of all the activities that the company does aims at improving the reputation of the business and encouraging customers and the rest of the stakeholders to get...
understanding strategic corporate social responsibility
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...Arguments for Corporate Social Responsibility Because there has been a change in society’s perception and expectation about the role of businesses, it is incumbent upon the latter to adjust to such change. Businesses owe their existence and continued existence to the society and the government that gave them the right and license to operate in the interest of the holders of capital. Because the business sector would be powerless to change the tide of perceptions and attitudes, it has no choice but to accommodate themselves to this transformation in the social environment. Businesses have to work congruently with the new... STRATEGIC CORPORATE SOCIAL RESPONSIBILITY Introduction This paper shall...
Corporate Social Responsibility
34 pages (8500 words) , Essay
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...corporation. Possibly an extension for explaining CSR in the light of stakeholder analysis is the social contract theory. Under this theory, the society’s actors are defined as being involved in a contractual obligation with each other (Gray, Owen, & Adams, 1996). With respect to CSR, this implies that corporations do not exercise social responsibility because of commercial reasons but in response to the society’s expectations from the business (Gray, Owen, & Adams, 1996). This expectation is implicit. This theory explains how ethics play a role in the way...
Corporate Ethics & Corporate Social Responsibility
14 pages (3500 words) , Essay
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...Corporate Social Responsibility (CSR) and Corporate Ethics have become buzzwords in the world of business today. Rapidly increasing globalization and corporate size has also raised concerns about the consequences of corporate policies and actions. More there is a growing hands off policies or in other words, the policy of deregulation, by governments in many parts of the world. This is especially true for the United Kingdom. Traditionally, government control over the education system was considered to be essential. But the policy of the government to increase private participating in the education sector has set off a controversy with some sections of the society welcoming it while... Introduction:...
Social Justice and Corporate Social Responsibility
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...social and environmental concerns in their business operations and their interaction with their stakeholders on a voluntary basis." (A Business Contribution to Sustainable Development. n.d.) In an article by John Richardson (2008) pointed out that a company is said to be socially responsible if "it conducts itself reasonably with respect to: the workers it employs around the world; its investors as manifested in its corporate governance practices; local communities in which it operates; how it conducts itself ethically ion its domicile country and in other countries around... Social Justice and Corporate Social Responsibility Introduction Corporate Social responsibility (CSR) is not a new concept in the ...
The Pyramid of Corporate Social Responsibility: Review
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...corporation. Such managers exploit opportunities for personal or corporate gain. Moral management- It employs ethical norms. Despite the fact that they target making profits, managers are conformed to legal and ethical precepts. No goal is above legal mandate. Amoral management- Such managers think ethical considerations are for private lives and not for business. They believe business activities reside outside the sphere to which moral judgments apply (Sethi, 1975:58-64). Evaluation The review of this article talks about the social responsibilities of corporate bodies based on a model explaining its components. The article is able to explain each component; legal, ethical... The Pyramid of...
Corporate Social Responsibility and Law
8 pages (2000 words) , Download 1 , Assignment
...Corporate social responsibility in the 21st Century: A view from the world’s most successful firms, Journal of Business Ethics, vol. 48, pp. 175–187. Sriramesh, K, et al., 2007, Corporate social responsibility and public relations: Perceptions and practices in Singapore, 14th International Public Relations Symposium, Bled, Slovenia. Yeo, HD, Young, HK & Park, SP 2009, Perspectives about social responsibility from business community, viewed 14 November 2011, ... ?Corporate Social Responsibility and Law The adoption and practice of CSR by business is not solely a voluntary action although it was primarily driven by reaction to market pressure and reputation management. CSR is now accompanied by legal pressure and...
Corporate Social Responsibility (Business Ethics)
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...CORPORATE SOCIAL RESPONSIBILITY Introduction Corporate social responsibility is an important but "evolving" concept and thus while it may be easier to define it; it is certainly difficult to explain the motives of a company behind adoption of this strategy. It is believed that firms are not always interested in long term image enhancement that results from CSR but some are simply looking for immediate financial gains accruing from spending on community projects. CSR, regardless of a company's primary objectives, is an important subject of debate in business...
SOCIAL ACCOUNTING OR CORPORATE SOCIAL RESPONSIBILITY
10 pages (2500 words) , Literature review
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...corporation and pursue CSR. But the normative approach states that the instrumental approach tends to diminish the ethical principles of the Corporate Social Responsibility. The normative and the instrumental approaches believes in different notion as to what would be the bottom line of any business should be and what. As per Reinhardt, the normative and also the instrumental arguments are mostly used simultaneously. There have been noticed an interplay in between the two approaches like with normative approach an understanding of the ethical business is acquired also by informing the instrumental approach. The instrumental approach does not act ethically unless... ? SOCIAL ACCOUNTING OR CORPORATE SOCIAL ...
Globalisation & Diversity: Corporate Social Responsibility
14 pages (3500 words) , Download 1 , Essay
...ethical issues involved in the decision-making in the cross-country settings. This has resulted in the growing focus on corporate social responsibility (CSR), its advantages and disadvantages and its impact on businesses all over the world. In this context, this report... ? GLOBALIZATION AND CORPORATE SOCIAL RESPONSIBILITY Executive Summary In this report, the concept of CSR especially under globalization and its impact on current businesses are discussed. The key questions examined here are whether CSR is advantageous or disadvantageous to businesses and the challenges faced under globalization to CSR. The report shows that CSR as a means for profit maximization alone need not be beneficial and can have ...
Corporate Social Responsibility: The Legal Context
11 pages (2750 words) , Download 1 , Essay
...corporate social responsibility is an ethical matter that enjoins businesses and companies to undertake certain initiatives for the welfare of communities, families, the environment, and other relevant aspects of the society (Williams, 2002, p. 41). Tradition has held that such practices are to be decided upon by the free will of the companies or the concerned businesses. Over the times, the practice of corporate social responsibility has emerged as a confusing matter with varied interpretations and theories supporting rival propositions...
Ethics and moralty of business: corporate social responsibility
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...ethical perspectives. The paper will be divided in to three sections. The first section is the introduction on the history of corporate social responsibility, and the second section will discuss arguments for and against social responsibility. The last part of the paper will deal with the value of corporate social responsibility in organisations. Some of the critical questions that will be explored include whether CSR contributes to the welfare of society or business and whether it is acceptable for business organisations to engage in ethical and social activities with the aim of accruing business success (Werther and David 2011). 2.0The case for corporate social responsibility (CSR... ? Ethics and...
Corporate Social Responsibility and the Company
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...corporate social responsibility cuts across several sectors of society and of a company though it has mostly been mistaken to be the benefit that society alone gets from a company. To a large extent, “Corporate social responsibility is about how businesses align their values and behavior with the expectations and needs of stakeholders including suppliers, communities, regulators, special interest groups and society as a whole” (CSR Network, 2011). Wal-Mart has been guided by this realization to ensure that social satisfaction is created not only for customers and investors but also to all other leading stakeholders. Specific mention can be made of some... ?Corporate Social Responsibility and Wal-Mart...
Corporate soical responsibility CSR
5 pages (1250 words) , Essay
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...corporations. If in the process if the operations of the free market forces are unable to solve any social issues it becomes the responsibility of the government and not the business to address these issues. The 'competitive argument' is advanced to stress the point that taking care of social issues by the corporations can be done only at the cost of the competitive advantage of the business. To the extent that the business internalizes the costs of their so called social responsibilities they destroy their competitive position in relation to other... Corporate Social Responsibility Introduction Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary...
Corporate and Social Responsibility: Ethical Problems
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...Ethical Growth: Do business Ethical Attitudes mature as individuals Get Older?” Proceedings of the International Business Association, Conference. Michael, L. (2006). Business Ethics: The law of rules. Corporate Social Responsibility Initiative Working Paper no.19. Cambridge, MA: John F. Kennedy School of Government, Harvard University. Morf, D. A., Schumacher, M. G., & Vitell, S. J. (1999). A Survey of Ethics Officers in Large Organizations, Journal of Business Ethics 20, 265-271: 1999....
Ethics and Corporate Social Responsibility a Case Analysis of Enron
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...responsibility for the ethical issues in Enron which led to the collapse of the company. Question 2 Critical Analysis of Corporate Social Responsibility and Enron Milton Friedman came up with a lot of arguments against Corporate Social Responsibility in his 1970 article. In light with his criticism, he stated that: 1. Shareholders are the primary stakeholders of a business and as such, the management owe a primary duty to satisfy their needs. 2. Shareholders' primary needs is to maximise their dividends. As such, every business has a duty of ensuring... ? Ethics and Corporate Social Responsibility a Case Analysis of Enron This paper examines the Enron Case. The paper focuses on some important elements...
Corporate social responsibility and ethical dilemmas
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...CORPORATE SOCIAL RESPONSIBILITY AND ETHICAL DILEMMAS By 7th, September, Table of Contents Table of Contents 2 The Ethical Challenges/Facing Financial Managers In a bank or big company 5 Factors and Skills Required By Professionals to Deal with Issues Arising From Ethical Challenges Issues. 6 Part B 7 Professional Development Skills: Personal Reflection 7 Conflict Resolution 8 Building Trust, Relationships, and Communication in Financial Organizations  11 Conclusion 12 Works Cited 13 Part A: Ethics and Corporate Social Responsibility in Financial Institutions Introduction Responsible business for both organization management and employees entails following corporate ethics. When organizations...
The Business of Ethics and Corporate Social Responsibility
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...business of ethics and corporate social responsibility By Introduction Business of ethics the study of business situations, decisions and activities where issues of what is right and wrong are looked at and addressed. It aims at ensuring that the goals and activities of the business are conducted honestly and people involved treated fairly. It also makes sure that the corporations and companies are responsible to their actions. This is whereby in case of any company not meeting the standards expected it...
Social Responsibility in Business
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...Social Responsibility in Business Junwei Tao LING0007 Research Paper Social Responsibility in Business Over the past years, corporate social responsibility has transformed from an innate control of private businesses into a quite popular business model. Corporate social responsibility has long ceased to be just a mechanism of self-operated control that companies implement within the framework of ones business policy. This allows a company...
Social responsibility of businesses
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...business model where the new relationship from this model of delivering value as a flow of service will align the interest of providers and customers in ways that reward them for implementing the first two steps. 4.1 What are Reich's arguments against corporate social responsibility Make a list, with one sentence summarizing each. "1. Why the interest" describes the increase of interest in "corporate social responsibility" is an abuse due to the decreasing confidence in democracy and instead of reforming it in gives corporations and politicians themselves a good image in the public eye for some values... Business Ethics 1 Describe Freeman and Friedman's positions (it might make things less confusing if...
Corporate Social Responsibilty
2 pages (500 words) , Book Report/Review
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...business i.e. providing benefits to shareholders only. The ethical consumer of today gives a lot of preference to organizations which are part of the society at large and take actions which are potentially in benefit of all the stakeholders rather just one class of stakeholders therefore Friedman's argument may not be ethically correct in current business environment. Bibliography 1. Friedman, M. (1970, September 13). The Social Responsibility of Business is to Increase its Profits. Retrieved December 16, 2008, from The New York Times Magazine: http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html 2. Goliath.com. (2005, Oct 01). Rethinking the social... Summary of the...
Business Social Responsibility
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...Social Responsibility Of Businesses Ever since the evolution of the concept concerning business and specifically corporate social responsibility, several arguments have been made as to what should practically be covered under the scope of businesses' social awareness and responsibility. Altman and Post (1995) have gone in so far as illustrating and portraying an emblematic picture of 'socially responsible businesses'. Furthermore, arguments have also been posed to whether or not the business should be held responsible for business welfare, and even if is, is it capable enough to bear this responsibility. An opposite opinion has... Introduction The modern business environment has witnessed a trend of...
Johnson & Johnson as a Model for Corporate Social Responsibility.
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...Argument against the Business Case for Corporate Social Responsibility: A Call for a New Moral and Spiritual Approach. Retrieved from http://www.ucalgary.ca/christchair/files/christchair/Mendes-detailed-paper.pdf Mintz, M. (1991, December). Drug Fiends. The Washington Monthly, 23 (12), 20 Myddleton, D.R., & Mour, L. (2011). The Debate: Corporate Social Responsibility. Retrieved from https://www.som.cranfield.ac.uk/som/som_applications/somapps/contentpreview.aspx?pageid=13273&apptype=think&article=18 Reuters. (2011). J&J pays fine to settle US bribery, kickback charges. Taipei Times, Retrieved from http... from the 2010 Corporate Social...
'If a business wants to maximise profit, it cannot be concerned with corporate social responsibility'. Critically discuss th
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...business’ social responsibility to maximize profit by ignoring corporate social responsibility. Argument 1 It is the responsibility of the corporate executive to generate as much profit for the business while complying with the fundamental societal rules. CSR has the policies that ensure a business conforms to these rules. Throughout the decades, the theory of Corporate Social Responsibility (CSR) continues to develop in significance and importance. It has been the subject of considerable debate, commentary, theory building and research. Regardless of the continuing discussions as to what it means and what it entails, it has enhanced and evolved in both practitioner... ?Management: Corporate Social...
Globalisation and corporate responsibility
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...corporate social responsibility activities. This has escalated the rate at which the people of Tanzania are losing their culture. The government has a responsibility of protecting the local people against the consequences of globalization. In Tanzania case, the textile industry which is on the edge of collapsing is failing to observe ethical standards basing its argument on lack of the necessary resources to enhance its working environment. However, the government has a mandate of ensuring that people are protected from any form of exploitation (Katamba 2012). For instance, in the case...
social responsibility of business
4 pages (1000 words) , Essay
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...social responsibility level, but for any corporate structure if the pursuit of profit overrides the longevity created through responsible business practices. In the process of maintaining low expenditures on dairy, supermarkets have put the sustainability of the industry in jeopardy, which in the long run will drive prices up due to shortages. Sustainable actions are the best possible courses of action, along with socially responsible decision making in order to create sustained profits and the sustained access to resources. Friedman’s (1970) theories are a course towards failure. Not only are ethical decision making processes possible for corporations, they are necessary in order... ? Ethical...
Corporate social responsibility provides greater benefits to the organisation than it does to society and other stakeholders.
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...business and also be actively involved in social activities (Cosans, 2011). Arguments for social responsibility According to Buchholtz corporate social responsibility should include; production of goods and services, solving social problems, simple market transactions. Milton Friedman focused on the idea that social responsibility of business is to increase its profit. The use of available resources and should increase profit, in free and fair competition .arguments in support for social responsibility is that managers have to ensure they increase the shareholders wealth should be increased. Policy making should be left to be decided by the state, giving... ? Corporate social responsibility Introduction...
In the UK, ethical businesses are not as successful as less ethical business
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...business pay a lot of money in corporate social responsibility hopping to make more profits from sale of products but that does not happen. Customers sometimes pay premium prices for products from socially responsible organizations but may also punish those businesses that are not socially responsible. However, I am in full support of the argument that “in the UK, Ethical businesses are not as successful as less ethical businesses.” Body McMurrian &...
Corporate Responsibility: Theory and Practice
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...Corporate social responsibility Corporate social responsibility commonly referred to as corporate conscience or sustainable business practices is a business concept where businesses self regulate themselves in order to achieve a compliance with rules and regulation, community ethical standards and internationally accepted norms. The aim for corporate social responsibility is to ensure that a company’s actions in business have positive effects on its consumers, employees, environment, communities and all other stake holders. The corporate social responsibility concept emerged in the late 1960’s and was highly embraced in the 1970’s. This was after the development and increased use of the term...
Corporate Responsibility and Sustainable development : Tobacco industry
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...business in which organisations must behave like partners within their community, and not just like profit making bodies. Moreover, they are also to promote the interests of the shareholders (Mazumdar, 2008). The recent emphasis on the issue gets reflected through one of the statements made by Manuel Barroso, the Commission President of the Lisbon Agenda, where he states that “corporate social responsibility practices can play a key role in contributing to sustainable development” (Lenssen, 2006, p.324). The spread of the concept of corporate responsibility in different forms or guises, like business ethics, corporate citizenship, sustainability, corporate social... ? Corporate Responsibility and...
Corporate Responsibility and Sustainable development : Tobacco industry
20 pages (5000 words) , Essay
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...business in which organisations must behave like partners within their community, and not just like profit making bodies. Moreover, they are also to promote the interests of the shareholders (Mazumdar, 2008). The recent emphasis on the issue gets reflected through one of the statements made by Manuel Barroso, the Commission President of the Lisbon Agenda, where he states that “corporate social responsibility practices can play a key role in contributing to sustainable development” (Lenssen, 2006, p.324). The spread of the concept of corporate responsibility in different forms or guises, like business ethics, corporate citizenship, sustainability, corporate social... Corporate Responsibility and...
Does the assumption and implementation of corporate social responsibility makes businesses more successful?
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...corporate social responsibility makes businesses more successful? Introduction and Background Corporate responsibility in the most comprehensive form is how companies manage their businesses to form a more positive impact on the society. It encompasses two broad views in general. The first one is that the companies share the wealth they create with either the society they operate in or other under privileged societies. The other is managing their activities in a more ethically and morally responsible way. It is the voluntary exceeding of the society's expectations of the business and it is agreed that it is majorly affected by how the company manages its... ?Does the assumption and implementation of...
the social responsibility of engineers
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...responsible or irresponsible. If a corporation is viewed as an artificial person, then it follows that its responsibilities are also artificial. Therefore we conclude that businessmen are the ones who should be responsible. Therefore when saying that businesses should have a social responsibility, implies that the corporate executives running these businesses are the ones to take up responsibility. Even if a corporate executive is an employee of the business owners, he still has direct...
Corporate Social Resposibilities
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...Corporate Social Responsibility. John Wiley & Sons. OKOYE, A. (2009). Theorising corporate social responsibility as an essentially contested concept: is a definition necessary?. Journal of Business Ethics,89(4), 613-627. OTANEZ, M. G., MUGGLI, M. E., HURT, R. D., & GLANTZ, S. A. (2006). Eliminating child labour in Malawi: a British American Tobacco corporate responsibility project to sidestep tobacco labour exploitation. Tobacco control, 15(3), 224-230. PALAZZO, G., & RICHTER, U. (2005). CSR business as...
Corporate Social Responsibility Report
7 pages (1750 words) , Download 1 , Essay
...businesses which fulfil their tax obligations to the government (Glavas, & Kelley, 2014). The tax revenue would then be used to stimulate social development programs such as improving education, health, roads and social services among other public infrastructures. As such, the model is also attributed to shared ethical responsibility between government agencies and corporate bodies. 1.4 Ethical problems in Classic Model In spite of the economic benefits of the classical model of corporate responsibility, the main weakness of the theory is based on the inability of corporate bodies to demonstrate utmost... Corporate Social Responsibility Number Department 0 Introduction Corporate Social Responsibility...
Corporate Social Responsibility
10 pages (2500 words) , Download 2 , Essay
...business world. Marketing done by most companies is consumer-oriented, and aims to meet customer's expectations. Besides providing quality goods, it is in the best interests of corporations to be socially responsible, and conduct business with an awareness of consumers' ethical perceptions and the environmental and long-term consequences of misusing natural resources and manpower. Consumer rights and and the rise in ethical consumerism has impacted all aspects of marketing. Manufacturers and suppliers leave no stone unturned in order to ensure customer satisfaction, because... CORPORATE SOCIAL RESPONSIBILITY Introduction Corporate social responsibility (CSR) encompasses the relationship between...
Corporate Social Responsibility
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...corporate social responsibility BY YOU YOUR SCHOOL INFO HERE HERE A holistic examination of corporate social responsibility Introduction Corporate Social Responsibility (CSR) is best defined as a structured form of corporate self-regulation which is holistically integrated into a company’s existing business model (Wood 1991). The nature and purpose of CSR varies from organisation to organisation, however the generalised function of CSR-related policies are to ensure internal compliance to regulatory frameworks and government-induced policies, to monitor internal activities of the organisation to meet ethical principles mandated by society, government and business, and also... ? A holistic examination of...
Corporate Social Responsibility
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...social responsibilities into their business plan today Corporate social responsibility(CSR) is an initiative or any undertaking by a company to take responsibility and accountability for the effects of its activities on the surrounding environment and the social welfare of the communities around its area of operation. It may incur some costs that are short term and do not have immediate benefits on the fiscal position of the company. However, it will endorse positive ecological and social change. Additionally, it helps a company to promote its vision as an accountable to wide range or players like investors, stakeholders and shareholders. For a long time the key areas... More companies are including...
corporate social responsibility
5 pages (1250 words) , Download 3 , Essay
...corporate social responsibility. Specifically, accounting theories and CSR theories have been analyzed. CSR Theories Corporate social responsibility reflects the responsibilities that firm have towards stakeholders and society. Corporations are often encountered with business choices that create a dilemma between their objective of maximizing profits and ethics. There are a few theories of CSR that provide the foundation to the CSR model for the implementation of the process. Political theory According to this theory of...
Corporate social responsibility
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...ethical dilemmas from the perceptions of all those who are affected. This theory accepts the cost-benefit analysis as a natural tool, as it measures not only the direct costs and benefits to an organization but also externalities. Corporate social responsibility is also defined as the “continuing commitment by business to behave ethically and to contribute economic development while improving... Corporate Social Responsibility Most businesses and companies have varying definitions of corporate social responsibility or CSR. A simple CSR definition is how a company is managed in order to have “an overall positive impact on society (mallenbaker.net, 2009).” To achieve a wholesome personality or company...
Corporate Social Responsibility Reports
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...CORPORATE SOCIAL RESPONSIBILITY REPORTS Discussion Introduction Corporate social responsibility is a commonnotion adopted in business models that alludes to some form of self-regulation by corporate systems. It is a system which is built in and self regulating through which businesses ensures frequent evaluation to ensure that it fully complies with the law, international norms as well as ethical standards (Moir, 2001, pp. 1-4). Nevertheless, though guided by the CSR, business firms are profit driven and...
corporate social responsibility
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...corporate social responsibility. Specifically, accounting theories and CSR theories have been analyzed. CSR Theories Corporate social responsibility reflects the responsibilities that firm have towards stakeholders and society. Corporations are often encountered with business choices that create a dilemma between their objective of maximizing profits and ethics. There are a few theories of CSR that provide the foundation to the CSR model for the implementation of the process. Political theory According to this...
Corporate Social Responsibility
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...business and financial world, it now becomes an imperative that each individual entering into the corporate and financial industry must have a strong sense of corporate social responsibility or accounting to avoid similar occurrences in the future. It should begin right in the academe where future professionals, employees or entrepreneurs are being trained and prepared. It is now important because the neglect and disregard for ethical practice in business has contributed to the recent financial and mortgage breakdown that stemmed from greed and lack of ethical practice that made life difficult for everybody. The high incidence of unethical practices in modern business has... Reflection Essay on Topic...
Corporate Social Responsibility
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...Corporate Social Responsibility (CSR)Efforts Corporate Social Responsibility also known as CSR is an ethical practice and belief which tells that just like normal individuals, companies also have the obligation of conducting business in a certain manner (Wood, 1991). They are not allowed to cross the ethical limitations and perform business in a way which harms the living beings or society. According to CSR proponents, business operate in a particular environment and do not operate in vacuum therefore they must not get blind in the lust of making money and must consider their ethical limitations. In order to evaluate the CSR of multinational companies, some... ?Evaluation of Marriot International’s...
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