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The concept of corporate social responsibility (CSR) - Thesis Example
Finance & Accounting
Pages 23 (5773 words)
This research intends to analyze corporate social responsibility; to analyze the impact of CSR to companies in the banking and pharmaceutical sectors of Australia; to evaluate the CSR performance of some banking and pharmaceutical organizations in Australia. …
This study has one vital problem “Is there still relevance for CSR in the 21st Century?” In order to address this question, the researcher will be addressing three key sub-questions. These are: 1. What is the nature of CSR? 2. How does CSR shape or influence the importance of an organization? 3. What is the relationship between CSR and CFP? Corporate Social Responsibility (CSR) is an integral part of organizations in the modern era (Hemingway, 2002). It re-affirms the notion that organizations are not removed from the reality of the society where they are incorporated (Crane et al, 2008). Instead, it shows the fact that people have seemed modern organizations as actors in society and as such, are responsible to all the identified stakeholders of the company (Orliztsky, Seigle and Waldman, 2011). In this framework, the literature review will look into the factors that have contributed to the misgivings regarding CSR, the status of the current debates regarding the ‘goods’ derived from CSR, and the common understanding of CSR. This is important, as it will help clarify any conceptual ambiguities that may be inherent in the concept of CSR, and at the same time, guides in the understanding of CSR within the context of the 21st century “Great Destruction”. This conceptual clarification will assist in evaluating and determining not only the relationship of CSR with the financial performance and social performance of the organizations, but it will assist in the determination of the continued relevance of CSR in the 21st century. ...
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