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…
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. ...
As a result of this, the company is one of the best loved pharmaceutical companies in the world. Hence, this has improved the patronage of the company’s products. There is every possibility that Novartis AG’s CSR truly contributed to the company’s advancement in the world There are no apparent negative link with Novartis AG’s CSR activities Gilead Sciences Gilead Sciences ‘ elaborate response to AIDS in the emerging market and its transparent method of operations have made the company to earn a lot of respect as a frontline social ly responsible companies that invest in their communities (Social Funds, 2011). And this is reflected in the demand for Gilead Sciences’ products. There is no evidence that the CSR attempts by Gilead Sciences do not impart the Financial Performance of the company No negative link between CSR and CFP as far as Gilead Sciences are concerned Sanofi-Aventis Sanofi-Aventis concentrates on acting responsibly for their patients through strict adherence to ethics, best practices and investment in the communities and people in them (Sanofi-Aventis, 2011). This attitude will only bring positive growth and better financial performance to the company (Carroll & Buchholtz, 2011) There are no statistical or documented evidence that there is no direct link with Sanofi-Aventis’s CSR and CFP Apparently no negative link between Sanofi-Aventis’ CSR and CFP. AstraZeneca AstraZeneca’s CSR programs include but are not restricted to maintaining operational transparency, human rights, standardized code of conducts, environmental sustainability and patient safety (AstraZeneca, 2011). All these qualities contribute to better financial performance for the company. No observable neutral effects of CSR on AstraZeneca’s CFP There are no ...
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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.
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.
Indeed, the education sector, as noted by Muller et al. (2010), experiences such challenges. School communities have become more racially and ethnically diverse thus causing disparities based on race and ethnicity leading to potential inequalities. These inequalities have perpetrated racial discrimination in educational institutions which academically disadvantage the minorities, hence the aim of this paper in seeking to determine whether racial discrimination affects academic performance.
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.
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.
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.
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
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
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