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Role of social responsibility in business ethics
Corporate Social Responsibility Principles
Corporate Social Responsibility Principles
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Corporate Social Responsibility, a developing corporate virtue, crops from the concept of collective good where a company conducts itself ethically and strives to make a respectable contribution to economic development without compromising the quality of life of its resources and in fact improving the work & living conditions of their workforce, their families and the overall local community.
According to the illustration from The International Organization for Standardization CSR is a balanced approach, which organizations should adopt as a people, community & overall society beneficial way to address environmental, economic & social issues. CSR deliberately draws attention to socially critical subjects like Workplace Ethics and Environment, Human Rights and even broader subjects including Organizational Governance, Unfair Business Practices, Environmental Responsibility and Occupational Health & Safety.
As steps towards increased CSR, Breadtalk took the initiative of setting up an education academy which aims at cultivating a culture which encourages contributory learning supporting ongoing knowledge enhancement and accountability of personality & consent by offering integrated courses available for all different levels of their staff across all brands & subsidiaries under the group. To further help its employees and enhance their skill sets, BreadTalk’s academy has collaborated with WDA to come up with programs so that its employees could surpass their jobs, which is in line with its consistent goals. BreadTalk has also been strongly supporting the initiative by WSQ training and workforce development since 2008.
The qualification complemented by a national credentialing system has yielded a significant payoff in the form of in...
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...their colleagues and begin to fabricate cultural awareness.
Another step a manager could do is to respect the individuality of each employee & consumer. Information in other cultures is typically situated on stereotypes and biases. Hence, information not administered to each individual within that culture. It is administered more like a generic broadcast.
Managers should put into practice their cultural knowledge after discovering valuable information regarding a culture that helps them put into perspective the sensibilities corresponding to the team members who come from varied cultures, implement their learnings, and utilise their knowledge. By transforming knowledge into action, managers can identify its betterment and discover more by facilitating the exchange of this cultural knowledge thus strengthening the overall team’s interpersonal respect and skill set.
It demonstrates that there can be no universal approach that would suit all relatively similar organizations. First of all, management always has to consider mentality, values, and norms existing in their local community, while also keeping in mind the attitudes existing in other communities and in the global market. At the same time, internal interests are no less significant in this matter, which is why great sensitivity is needed in the process of CSR creation and establishment. Thus, this article addresses both internal and external aspects of CSR as the parts of inseparable whole. It does not have independent and divided sections for each part as they are discussed in connection to one another, which is a realistic representation of an organizational decision-making process. In this way, the authors provide a practically applicable guideline that may be used to determine the most suitable CSR initiative, the methods of communicating this initiative to stakeholders, the resources that can and should be used, and the ways to involve stakeholders in the process of implementation as active participants rather than mere
Corporate social responsibilities (CSR) have a different meaning in different company but in my view CSR is the concept which is the ability one of the companies can do for society. As the company responsibilities toward the society and environment in the way operate their business. CSR is about how companies manage the business processes to produce an overall positive impact on society. CSR also known as a “corporate citizenship” and with do that CSR is not provide an immediate financial benefit to the company but promote positive social and environmental change. (www.investopedia.com/terms/c/corp-social-responsibility). CSR is a high profile nation which the business world perceives as a strategic (Economist, 2008; Porter & Kramer, 2006)
Corporate Social Responsibility (CSR) is the set of regulations that an organization makes to protect and increase the society in which it functions. There are three areas of social responsiblity: Organizational stakeholders, the natural environment and general social welfare.
According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...
This paper encompasses issues of cross-cultural management, which is the most significant and essential approach taken by international organizations in the recent history. The purpose of the report is to discuss and highlight issues of cross-cultural management in order to find effective and apprehensive solutions on it. After discussing issues, the objective is to provide recommendations on how cross-cultural management can be improved in organizations awaiting to see their fut...
I begin this essay by defining CSR, there are many definitions for this term by various different theorists, and EU says that CSR is "A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis." On the other hand, Sloman et al. define it as "The concept in which a firm takes into account is the interests and concerns of a community rather than just its shareholder". Davis and Blomstrom (1966), say it "Refers to a person’s obligation to consider the effects of his decisions and actions on the whole social system". These definitions differ from one another in many ways but they agree that CSR involves taking the environment into account and therefore, one must look take social responsibility.
Culture varies from one organization to another as it is shaped by the values and beliefs of the people working there. As it progresses over the years, it takes form in such a way that it works or performs in a manner to regulate behavior, action and decision making processes within the organization. It not just includes written rules and regulations, but also the behavioral aspects faced by each one on a day to day basis.
CSR is a concept where company involves in social and environmental in their business operations. This is done to achieve a balance of economic, environmental and social obligations.in simple terms giving a hand for those who are not capable of achieving with their objectives and attending to them so that they could make those objectives a reality. This could improve organizations cooperate image which would also leads to attain a high market share.
CSR can relate to social, environment and profit goals. CSR enhances awareness of human, environmental and social issues and places pressure on organizations to adopt procedures and policies that are good for stakeholders wellbeing. Scholars have different definitions for CSR as seen below:
Many people believe that they have a social responsibility to take care of their community and the people within that community. The community can expand from local and regional to national and international in scope. Social responsibility in not limited to individuals, but many businesses and organization have joined the call for social responsibility. Corporate Social Responsibility, CSR, is when business and corporations make this a priority in their operations. Two questions come to mind, why a company needs to practice CSR and how can they do it?
A cross culture misunderstanding is when there is a difference between two cultures in the interpretation of a behavior, words, gesture that have different meanings in the different societies. In today’s multicultural business environment it is instrumental that managers are culturally aware so as to enable productivity and maximum efficiency of their human resource.
There are now several concepts of CSR and its definition, along with the meaning across corporations. In my opinion, and according with our textbook in page 11. CSR is about a particular set of business and strategies that deal with social issues. In addition, we can clearly perceive that CSRs application along corporations has increase in the past decade due to the several local, and international regulations in order to enforce business to act responsible.
However, there can be more definitions about what Corporate Social Responsibility can be. For example, Corporate Social Responsibility can be the commitment which is continuing for a business to behave ethically and bring to economy the development to improve the workforces’ of the whole society and local community and their families’ quality of life. Corporate Social Responsibility is also known as the obligation of a company to serve the society’s interest and of course its own. With the help of the Corporate and Social Responsibility, social and environmental concerns companies can integrate into their business and stakeholders operations.
Communication is the key to organization for these companies and leaders depend largely on its effectiveness. In one study of cross cultural communication, managers were asked to think of seven problems before the meeting to make the communication effective (Barriers of Cross Cultural Communication in Multinational Firms). But, how do people understand each other when they do not share the same culture? To answer this question we must first understand cross cultural management. This type of management focuses on the behavior of people working together as a group ...
Corporate Social Responsibility is management’s obligation to protect and promote their stakeholders welfare. Social Responsibility is more than just obvious ethical issues like honesty and integrity in business dealings.