StudentShare solutions
Triangle menu

CSR - Essay Example

Extract of sample
CSR

The effectiveness of CSR reports lies in the motives of companies to undertake CSR activities and the importance that society gives to such activities. In 1970, Milton Friedman stated that the only real job of the managers of a company is to maximise the wealth of the company and keep investors happy and deviations from this activity is purely based on personal motives (Ghillyer, 2011). An alternative theory was put forward by Archie Carroll who presented the Corporate Social Performance (CSP) Framework (Carroll, 1979; Aupperle, Carroll and Hatfield, 1985). In 1985, Arieh Ullmann took an accounting approach to understand the reason for companies to undertake CSR activities (Ullmann, 1985). Ullmann’s approach gives the clearest picture of whether CSR reports provide investors with useful information on CSP or whether they are merely a public relations vehicle (Garriga and Mele, 2004). ...
ofits for them, but also serve the local community by improving their quality of life, promoting local business or providing some sort of benefits that uplift the community. Thus, this theory states that companies are bound to perform CSR as they are citizens of the country and need to meet the responsibilities of helping others, like any good citizen. Social Contract A company is an artificial person that has been formed by law. Once it is born, it automatically enters into an implied social contract that represents the code of conduct which a person should follow to live amongst the society. This theory states that companies perform CSR as they are obligated to fulfil the expectations of the people in the spirit of the social contract between themselves and the society. Corporate Constitutionalism A company starts to command power as it gains political influence, customer loyalty and the ability to manipulate market. However, as its power increases, the society expects it to assume greater responsibilities. If a company does not fulfil the responsibilities that come with its power, other companies will fulfil them and take the power away from it. At the same time, companies form bodies that ensure that no one company gains enough authoritative power as a threat to other’s interests. Thus, the theory states that companies perform CSR as part of the constitution between them. Integrative theories and CSR Integrative theories refer to a group of two theories that believe that companies vie to respond to society’s demands to gain growth, prestige and acceptance and hence, integrate the demands of the society into its activities. Stakeholder Management This theory recognises the stakeholders of a company as people who are directly or indirectly affected by the company ...Show more

Summary

Do corporate social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate social and environmental performance or are they merely a public relations vehicle? CSR and CSR reporting Corporate Social Responsibility (CSR) refers to the programs and actions undertaken by a company that it is not obliged to follow as part of its daily activities or legal restrictions and such actions provide some sort of benefit to the environment or the society (McWilliams and Siegel, 2001)…
Author : stonemohr
CSR essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"CSR"
with a personal 20% discount.
Grab the best paper

Related Essays

CSR
Finally, the challenges to this technology shall be considered which include, but are not limited to, the dearth of information about suppliers, insufficient communication between the suppliers and the organization as well as the frequent ‘outsourcing’ of training programmes to third parties who lack sufficient knowledge about the organizational goals and culture.
11 pages (2750 words) Essay
Csr
tivity for businesses, both nationally as well as internationally. As globalisation accelerates and all big corporations act as global providers, several benefits have been recognised by these corporations for conducting CSR programmes in their different locations.
20 pages (5000 words) Essay
CSR
Burnley football club is nicknamed as the “Clarets” due to their dominant color in the team jerseys. The club reached its peak in the early years since 1888. The club performance fell after the second world-war and was out of the top division in English football since 1976 to 2009.
8 pages (2000 words) Essay
CSR strategy
The objective is to study the strategic plans that the resort has concerning giving back to the community and the relevance of the strategic plans. The focus in this study is the inspiration of the community for mutual benefits between the Four Seasons Resort and the community.
3 pages (750 words) Essay
CSR
Activities, such as, giving money to charities, doing business ethically, helping society solve social problems, and creating a green environment all fall under the umbrella of CSR (Mohr 2001). In this paper, we will review the CSR statements of two companies from telecommunication industry in order to make out which company is demonstrating more corporate social responsibility than the other.
4 pages (1000 words) Essay
CSR
Organizations generally focus on the several CSR activities in order to give back something against the social, environmental or natural resources are used in the business processes. Effective CSR activities can help an organization to maintain its strong reputation and brand image within the competitive industry (Moir, 2001, pp.
6 pages (1500 words) Essay
CSR- Accounting
Corporate social responsibility in general refers to the accountability of the company’s obligation to all its stakeholders in relation to
13 pages (3250 words) Essay
CSR
However, the club won the Championship play-off final and was promoted to the English premier league but was relegated again after one year. The improvement in the performance of the club over
8 pages (2000 words) Essay
Tesco CSR
This change in management led to a change in the leadership style as well as organizational changes which saw all the operations in the US closed down and business moving to the UK. The external issue is on the CSR where is 2009, Tesco advertised by using a phrase used by
2 pages (500 words) Essay
CSR
However, today, due to multiple advancements in technology and the corporate world, CSR is has become an important facilitator of attaining organizational objectives, and vision for the
10 pages (2500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation