Nexen (2009) has defined Corporate Social responsibility (CSR) as the “commitment to behave ethically and contribute to economic development while improving the quality of life of our workforce and their families as well as the local community at large” (Nexen, 2009). Kotler…
In any case, CSR is a new term which was established in the corporate world only at the beginning of the twenty first century. Apart from making products useful to the society and keeping good relationships with the employees and the community, it is the responsibility of the big companies to give something in return to the community since they are exploiting the community resources very much. CSR has gained prominence in the current business circle since big companies realized that they cannot survive in a community for a longer period if they fail to do something for the community. This paper briefly explains the importance of CSR in the current market environment with the help of examples of companies which show excellent CSR and companies which show poor CSR.
Generally speaking, all the companies should focus on the quality of their management and the quantity of their impact on society in various areas (Baker, n.d). Numerous parameters can affect a company while it is operating in a community (See the figure given below). All the parameters mentioned in the figure are influencing company operations in one way or other. Since the company is operating in a community environment, it cannot stay away from the community issues
Hawkins (2006) has mentioned that the companies cannot stay away from their CSR since the society provides both customers and resources to fulfill the business objectives of them (Hawkins, 2006, p.2). Anything happening in the society can affect the organization positively or negatively and hence they cannot neglect the needs of the community. For example, the recent recession has destroyed the financial backbone of many people. It is the duty of the corporate world to come out for the rescue of the people since a financially poor community may not be good for the future growth prospects of the companies.
Baker (n. d) has mentioned that different countries have different models ...
Cite this document
(“Corporate responsibility Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/411260-corporate-responsibility
(Corporate Responsibility Essay Example | Topics and Well Written Essays - 1500 Words)
“Corporate Responsibility Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.net/miscellaneous/411260-corporate-responsibility.
The aim for corporate social responsibility is to ensure that a company’s actions in business have positive effects on its consumers, employees, environment, communities and all other stake holders. The corporate social responsibility concept emerged in the late 1960’s and was highly embraced in the 1970’s.
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.
Like a real person, a corporation can enter into contracts, sue and be sued, and pay taxes separately from its members. But exactly how separate is a corporation from its members
A corporation may be separate from its members for legal purposes, but when it comes to the question of morality, who is to be held responsible After all, the course to be taken by the corporation is decided solely by the people involved in running the corporation - the members, shareholders, owners, officers, whatever may be the name given.
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.
With such fierce competition, it is impossible to accept that all products actually meet the standards prescribed or actually advertised by them. Most of the times, it is the same old product in a new wrapping.
This leads to obvious dissatisfaction among the consumers, especially the more demanding or knowledgeable ones.
As the report stresses Sainsbury has begun to compete on price with Tesco and as a result customer’s loyalty has decreased over the past few months. Its overall performance has been reflected in a sharp drop in Sainsbury Share Price. An ethical audit is required to be carried out for the various stakeholder groups.
Chitty and Black explain that the federal and the state laws act as administers and implementers of laws (Chitty & Black, 2007). They move on to explain that the state executives in most cases tend to delegate the
Going through these two articles assists the reader to understand the various issues that exist concerning obesity in young children. Moreover, it offers the reader a general idea of the way to go to ascertain that this reduces significantly. The
18). Apple Corporation has a code of conduct pertaining to ethical and social responsibility, even though it falls short in its implementation. Apple Corporation is renowned as the world’s most valuable corporation through its designs that are
I concur with NYSEG’s corporate responsibility project given that it is a representation of the firm’s attitudes towards the targeted customers. Customers get grants from NYSEG and these people often encounter financial hardships that can make it challenging for them to settle their bills. This is a sign of goodwill on behalf of the company.
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Corporate responsibility for FREE!