Corporate responsibility: a tradition o f commitment - Essay Example

Extract of sample
Corporate responsibility: a tradition o f commitment

These activities are likely to encourage more patronage of Glaxo’s products; hence, leading to a better financial performance (GlaxoSmithKline, 2011) There are no direct statistical representations of how GlaxoSmithKline’s great Corporate Social Responsibility has actually affected its Corporate Financial Performance. However, the inference is that sticking to ethical conduct may have helped GlaxoSmithKline to gain positively from their CSR policies (GlaxoSmithKline, 2011) Apparently, there are no negative links between GlaxoSmithKline’s CSR policies and the company’s overall Corporate Financial Performance Merck & Co It is believed that highly organized and effective CSR will definitely produce a positive link with a company’s CFP (Carroll & Buchholtz, 2011). Merck operates transparently, monitors its corporate activities against the environment and involves in community building (Merck & Co, 2011) There are no statistical or documented evidence that there is no direct link with Merck & Co’s CSR and CFP There is no possibility of negative link between CSR and CFP for Merck & Co. ...Show more

Summary

1 Below are the tables comparing the possibilities of the effects of Corporate Social Responsibility on the Corporate Financial Performance of UK companies. Fifteen (15) companies from each of two sectors, namely the pharmaceuticals and telecommunications are analysed to detect: (i) the positive link between CSR and CFP; (ii) the possibility of no apparent link between CSR and CFP; (iii) the negative link between CSR and CFP…
Author : bergstromsavann
Corporate responsibility: a tradition o f commitment essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Corporate responsibility: a tradition o f commitment"
with a personal 20% discount.
Grab the best paper

Related Essays

Corporate Social Responsibility
The impact of society on business and vice versa is becoming increasingly propagated each year. A firm’s consumers, products, markets, equipment, productivity and public image are all directly influenced by the social policies of a firm. A firm’s social policy must be incorporated into all strategic-management activities and most importantly in the development of mission statement.
12 pages (3000 words) Essay
Corporate Social Responsibility
Corporate Social Responsibility. CSR is the framework that is used to measure the company’s performance in terms of economic, social or environmental factors that surround the company. A company should be responsible for what happens around it and should be involved in activities that bring development to the community at large.
4 pages (1000 words) Essay
Corporate Responsibility
The research study report indicates the high rate of deaths reported among children are associated to poor eating habits; thus a call for action in order to reduce obesity and overweight issues contributed by fast food industries. MacDonald Inch is one of the companies that have been reported for not being socially responsible for their actions because of misleading customers about their products and services.
3 pages (750 words) Essay
Corporate Social Responsibility
The research will provide valuable resources for the field of corporate leadership. Recently, some intriguing research has been conducted concerning CSR in use. While these studies attempt to move beyond the philosophical, speculative, and prescriptive tendency characterizing most of the literature in CSR, no studies have examined CSR criteria from the corporate executive's perspective.
28 pages (7000 words) Essay
Corporate responsibility
Corporate Responsibility is a term used to explain what some see as a company's compulsion to be responsive to the requirements of all of its stakeholders or even to culture intact in its trade operations. The motivations of companies to deal with corporate responsibility and sustainability diverges extensively from influential approaches by responsible practices as a way of maximizing profits to inherent approaches entrusting the company to keeping its principles and values irrespective of the impact on financial performance.
7 pages (1750 words) Essay
Corporate Social Responsibility & Corporate Engagement
Socially responsible actions indicate a firm's commitment to its society and community which results in increased consumer confidence and thus better performance. Donaldson and Werhane (1983) noted that "almost everybody believes that corporations should be concerned about something more than making money, that they have responsibilities not only to stockholders but to their employees, to their customers, to the communities in which they work and to society at large."
10 pages (2500 words) Essay
Corporate responsibility
and Lee (2004) defined CSR as the “commitment to improve community well-being through discretionary business practices and contributions of the corporate resources” (Kotler &Lee, 2004, p.3). Crane et al (2009) has mentioned that CSR has appeared in the history along with the
6 pages (1500 words) Essay
Corporate social responsibility
murabi in ancient Babylon thousands of years ago, which made it the obligation of noblemen to “protect” slaves (Nehme & Wee, 2008; Esposito, 2009:108). It is not difficult, then, to imagine that notions of CSR have evolved through the years in tandem with the evolution of
18 pages (4500 words) Essay
Case study Corporate social responsibility and NGOs ( International Business)
On the other hand, the ever-rising complexity and uncertainty of the global business environment in the era of globalization has made it completely difficult for enterprises to achieve their primary objectives due to the myriad pressures that
12 pages (3000 words) Essay
Corporate Social Responsibility Report
The program can include incurring short-term expenditures that do not culminate in any foreseeable financial advantage to the corporation, but instead foster positive social
7 pages (1750 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