Corporate social responsibility is defined as the obligation of any corporation to create wealth by means that would not cause harm to the society’s assets and in turn protect and enhances them. As the President and CEO of Ski-in Inc., a manufacturer of ski apparels for both…
The program towards social responsibility would include higher job creation and greater products through market action (Steiner, 2009, Chapter 5). The Bill and Melinda Gates Foundation, for instance, is built to source the fortune of Microsoft towards improving education and helping poor people suffering from neglected diseases (Steiner, chapter 6).Likewise, Ski-in Inc. has plans of having an annual donation scheme for two orphanages in one of the developing countries of Africa. The social costs or the negative externalities on the society are to be minimized through environmental friendly products. A new section of apparels would be launched that would be bio-degradable. Moreover, ways to recompense the pollution and harm inflicted by the production process are in progress. For every bio-degradable apparel sold, Ski-in will plant one tree. Since, our products have a considerably good market; this program is going to benefit our organization and also the environment. However, the main function of the corporate is not social charity but profitability. Nevertheless, involving in controversies like that of Nike with respect to its labor practices and social duties and General Electric Company under CEO Jack Welch need to be avoided (Steiner, 2009, chapter 6). Hence, the idea is to make innovations and create profits through environmental protection and social enhancement.
Greater production would create jobs in the society and help reduce unemployment. It would also generate higher corporate taxes that would benefit the society. Pumping in more products would serve the consumers and give them greater satisfaction. Thus, the utility of the consumers would increase. Also planting trees would help in the reduction of carbon dioxide in the atmosphere and hence help to curb global warming. However, these programs would take time to materialize and incur costs both in ...
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The author basically focuses on the issues in which the business affects the society. It is also referred to as ‘social justice’, under it the people, societies and culture are accounted for, they are protected through various social programs such as native lands, predatory lending and other forms of corporate hoarding.
As a result, legal aspects of CSR have emerged as businesses strive to achieve legal compliance, with efforts being made to ensure that compliance is out of spirit and not solely pegged on the law. This study explores the relevance of the law aspects of CSR in the business world, the conceptual frameworks put forth regarding CSR and law, the quantitative and qualitative approaches into CSR and law and finally, the opportunities for further inquiry into the subject.
Corporate Social Responsibility (Name) (Institution) (Course) (Tutor) (Date) Introduction Corporate social responsibility has been used globally in relation to specific situations. One common definition for CSR is that it is a concept that entails companies integrating both social and environmental concerns in their business operations, over and above, interaction with other stake holders on a voluntary basis.1 Social responsibility means environment, relations with stakeholders and investing more in human capital.
Toyota has placed it its primary objective to develop a social policy that bases its parameters on diversity, responsibility and equality for its major contribution on social and economic development of the society.
The traditional business model mainly emphasized on the economic aspect of the organization and accordingly designed the activities. However, the recent scandals have put the trust of the stakeholders of the company at stake, which is augmenting the interest of the organizations to focus towards CSR.
or sustainable development, it implies a situation whereby a firm combines its economic goals with the responsibility for the social and ecological impacts those goals have on the environment. Among scholars and researchers in business management, there are both critics and
This program comprises of 194 full-time adoption recruiters and works in collaboration with foster care children across Canada and United States. They are also centered towards providing healthy food to all customers along with ensuring environmental sustainability.
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