There were few corporate acts of charity at the start of the twentieth century. Instead, wealthy business people engaged in philanthropy as they gave as individuals from their personal wealth to charitable and other worthy causes. How, then, did corporate commitment to social responsibility evolve Two principles provided the foundation for contemporary views on social responsibility…
Under the influence of this principle, individuals in the business community increasingly decided to use some of their corporate power and wealth for the social good. These voluntary community obligations to improve, beautify, and uplift were quite evident by many business leaders. One early example was the cooperative effort between the railroads and the YMCA immediately after the Civil War to provide community services in areas served by the railroads. Although these services economically benefited the railroads, they were at the same time philanthropic (Shalhoud, 1999). In another example, steel magnate Andrew Carnegie put much of his great wealth to work for education. Henry Ford adopted a paternalistic style of management and made recreational and health programs available to Ford employees. The company town was one of the most visible examples of paternalism. Although business's motives for creating company towns (for example, the Pullman/Illinois experiment) were mixed, business had to do a considerable amount of work in governing them (Shalhoud, 1999). Thus, the company accepted a form of paternalistic social responsibility. ...
Because corporations control vast resources, because they are powerful, and because this power and wealth come from their operations within society, they have an obligation to serve society's needs. In this way, corporations and their leaders and managers become stewards, or trustees for society which forms an image of trust about the organisation among the society member. Under the influence of this principle, Congress, the popular press, and other factions started to attack many large and powerful organisations whose attitudes they perceived to be both anticompetitive and antisocial. Antitrust laws and other legislation began to place constraints on the actions of organisations. In general, there was a shift in the public perception of a corporation's place within and obligation to society.
CSR & Strategic thinking
To understand better why some organisations fall ethically, we can explore organisational attitudes toward stakeholders in the form of corporate social responsibility (CSR), the relationship between the CSR and a firm's strategic management can be found from various definitions of CSR. For many organisations, commitment to CSR is shown in references to stakeholders and "triple bottom line" thinking (i.e., financial, environmental, and social responsibility bottom lines). One useful definition of CSR is that it requires "the continuing commitment by business to behaving ethically and contributing to economic development while improving the quality of life of the work force and their families as well as of the community and society at large" (Anderson, 1989). The economy could only be improved in the long run and so strategic thinking is critical. Criticism of business ...
Cite this document
(“Strategic Management Language Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/276527-strategic-management-language
(Strategic Management Language Essay Example | Topics and Well Written Essays - 1500 Words)
“Strategic Management Language Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.net/miscellaneous/276527-strategic-management-language.
The research will cover the SWOT analysis that is used to establish the strength and weakness of the action plan in the external and internal environments. Finally, the strategic action plan will provide an opportunity to the stakeholder and staff members to establish a common language and take part in the company safety systems.
Magna International Inc is one such company which produces automobile parts. The company is of a Canadian origin formed by Frank Stronach. It is based in Aurora Ontario from where it deals with all its internal and external activities. Magna is known for its production of automobile parts which are supplied to the known automobile producers of the world.
eferences 18 Executive Summary This management report entails on the perspective of foreign direct investment in china and India countries. The report begins with the definition of the term, strategic developments and its significance to both china and India countries.
The deregulation which took place in the aviation industry in Europe in the year 1997 can be accounted as the main factor behind its successful and rapid international expansion. Moreover, the company’s low cost business model has also complimented the above factors and helped in the company’s growth (Ryanaire, n.d.).
The company has seized various opportunities in reviving the succession plan to enhance stable management. However, there are various strategic capabilities that have been put in place to enhance sustainability while still there are other strategies that are recommended so that when put into place, more profitability will be realized (Anderson & Paul 1998, p.
According to them the maximum utilization of human capital is one of the areas that organizations can use to achieve strategic flexibility.
These authors observed that the concept of developing human capital emanates from the
Its aim is to achieve advantage by configuring the organization’s resources within constantly changing surroundings in order to fulfil shareholders’ expectations and meet the demands of the market (Puffer, 2004:55). Strategy, otherwise
her words, it can be stated that strategy is a mix of views and competitive moves of numerous business approaches that are executed by the managers of an organisation for gaining superior customer satisfaction. Thus, strategy can be reflected as a basic direction or plan, which
11 Pages(2750 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Strategic Management Language for FREE!