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Coperate Social Responsibility - Essay Example

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Coperate Social Responsibility

In continuation with their philosophy on CR, these businesses focus on CR activities through the Community Committees, which have been formed to initiate, guide and channel employee engagement for the purpose of contributing to economic development while improving the quality of life of the local community that they function in.
Proactively creating service excellence environment rather than reacting to end customer need is one of the ways of attaining sustainability. Positive Employee Engagement means creating a management practice which complements speedy knowledge enhancement and proactively rewards performance by staff. Proactive Relationship Management means to become a forward-looking company that anticipates business partner needs and satisfies future demand as "first movers" or at least early movers.
The environmental effects of infrastructure and power plants that may cause potential harm to the environment. People are now more engaged in making their companies up for sustainable development wherein they continuously strive for success and expansion of business but still very willing to promote environment safety and protection.
The United States should ensure that the new and existing companies are all geared toward sustainable development and also motivated in helping alleviate or prevent environmental pollution which also affects economic status and international trade due several reason stated below. US should also ensure that their property rights are specific, encompassing and executed properly so as to prevent losses due to violation of these international laws.
Fair-trade
A country's comparative advantage in environmentally intensive goods depends on, among other factors, its natural resource endowments, climate, distance to neighboring countries, and length of shared borders.
It also depends of density, health, wealth, demographic structure and preferences of its population, including their valuation of environmental resources and amenities, their willingness and ability to pay for conservation, and their tolerance for pollution.
Exploitation of natural resources may be sustainable such as in eco-tourism and logging carefully coordinated with reforestation or unsustainable such as when reducing stocks of endangered species and rampant deforestation. Exploitation depends on how property rights are assigned, the level and pace of society's economic and technological development, and possible profit margins and social preferences concerning the environment.
Changes in environment can also influence trade patterns. Trade raises welfare only when the gains from the trade more than compensate for environmental degradation. Conversely, environmental policies should balance environmental improvements against reduction in the gains from trade at the margin. There is trade in endangered species, trade in toxic waste and trade in other environmentally hazardous products.
The Role of NGOs and pressure groups
These modern day heroes of corporate social ...Show more

Summary

The success of any business is built on the success of the relationships they have with their customers and the communities in which they operate, getting involved with local communities is a valuable opportunity to build relationships. Some companies since its inception have long traditions of engaging in community activities because it is the right thing to do.
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Coperate Social Responsibility essay example
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