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Essay define corporate social responsibility
Arguments for and against the concept of corporate social responsibility
Arguments for and against the concept of corporate social responsibility
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Corporate Social Responsibility (CSR) is the obligation of organization to behave in ethical and morals ways. It generally refers to the notion that corporations have a responsibility to the society that sustains them (textbook). Organizations that wish to pursue long-term goals have to consider the practice of contributing to the society, environmental and economic impacts of the company. BreadTalk believe in seeking to give back to the society and making differences to the life of people in need. They have indeed practiced the Corporate Social Responsibility (CSR) by the act of giving back to the society during one of the world most upsetting disasters - the Sichuan earthquake on 12th May 2008. BreadTalk played a part in the relief by specially creating “Peace Panda”, panda bear shaped buns with 4 different expressions symbolizing the terror of 7.8 magnitude earthquake. The proceeds of the organization were fully contributed to the Chinese Embassy and Red Cross Society’s China Earthquake Appeal Fund. By doing so, it does not only enhance the media coverage but also word of mouth, which leave a deep impression in its customers as it shows humanity and compassion. BreadTalk did not earn any profit from the sale of the Peace Panda buns but the publicity of media and word of mouth had resulted in increased number of customers. Customers do not only purchase the Peace Panda bun, but also purchase other bread too, which resulted in an increasing of their profit. Corporate Social Responsibility also attracts potential employees and increases current employees motivation, morale, a better working attitude and greater productivity. Organizations have to make sure you publicly acknowledge the employees who contribute to your CSR activit... ... middle of paper ... ...ity, a person alone. Withhold assumptions: Managers should try to avoid jumping into conclusions about employees or anyone. One of the first rules of cultural awareness is to prevent from assuming one way is wrong and one is right. No one likes to be assumed, we have to always understand the situation before coming into a conclusion. Listen actively: Effective listening is something that most cultures have in common and it is another cornerstone of cultural awareness. Managers should listen to people, paying attention and be more sensitive with the words used, the context and also read between the lines. Relay your knowledge: Work in a multicultural team, it benefits one another by sharing knowledge. Sharing tactical guidelines in order to overcome cultural difference in the workplace and use those differences to create a more dynamic, productive environment.
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
In today’s society is it becoming increasingly more difficult for companies to stay competitive in their industry. Even established brands eventually die out due to growing competition from other companies. Corporations are having a difficult time figuring out a strategy that keeps them at the top of their game. Recently, there has been an increased interest in the strategic value of CSR (Corporate Social Responsibility). Corporate advertising is changing dramatically, appealing to consumer’s ethos using the causes that matter most in their lives. It is important for consumers to understand the manipulation that comes along with the CSR strategy. Skepticism about companies’ goals is crucial when making the right consumer decisions. Understanding CSR will help the consumer evaluate the affects of their consumption choices.
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)
One of the best advantages of encouraging social responsibility in the workplace is the optimistic atmosphere you establish for your employees. When the workforce feel they are working for a company that has a genuine integrity, they will probably be more eager and focused in their jobs. This can encourage a sense of community and teamwork which involves and unite everyone and leads to happier, more productive employees (Coca-Cola, 2017, Who we are).
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
As a manager, I would also ensure that cases of disrespect caused by cultural differences are handled with urgency and that the perpetrators serve as an example to others in the organization. Handling cases with urgency and solving such problems as soon as they arise is key to establishing a diverse workforce where everyone feels accepted and a part of the organization.
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...
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.
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.
In the workplace and in life, communication is essential to positive progression and healthy relationships. The key to all successful companies, healthy relationships and positive interactions is effective communication. Some vital factors in effective communication are open-mindedness, unbiased views of others and their opinions and respect for cultural differences. These factors will in turn lead to successful collaborations, a better workplace environment, and an overall healthy atmosphere. Two of the largest issues plaguing workplace environments are ethnocentrism and stereotyping. These issues can cause major rift between employees, management, and customer relationships. This can stagnate or halt the overall success and positive progression
In the workplace, it is common to encounter individuals of different cultures, ethnicities, and genders. This diversity can either lead to an introduction of new work methods, or it can lead to conflict between coworkers. In order to avoid conflict, and have all employees work as a cohesive team, managers must educate themselves, and their employees on the topic of cultural diversity. In order for your practices to be considered effective, you must not only respect and recognize an employee’s diversity, you must use their difference to benefit them.
Both of these areas are the lifeblood of the company, and any benefit to them should not be overlooked. Before a company can become proficient at corporate social responsibility, they must first know its definition. Corporate social responsibility is defined as actions that can be taken by a company to ensure they are adhering to ethical and social responsibilities of the day. These corporate social actions are self-regulatory, as a company strives to adhere to guidelines while also going above and beyond being a Good Samaritan in the business world (ECA, 2015). This can place certain businesses at the forefront in customers mind because of the example they are setting in the marketplace. A company going above and beyond the call of duty to work towards a more philanthropic approach in the surrounding community is a perfect example for corporate social responsibility. Going deeper into the definition, corporate social responsibility acts like a “double bottom line” for a company, as they strive to achieve financial goals, but also achieve their social mission out in the community. Once a company is aware of what the concept of corporate social responsibility is, they can now implement it and start to reap the many benefits of its
Increasing globalization needs more interaction among people from diverse cultures, beliefs, and backgrounds. Developing and enhancing on workplace diversity has become an important issue of management today.
It is important to understand the importance of corporate social responsibilities. If Corporate Social Responsibility is properly maintained and emphasized by companies, it can benefit the society, economy and corporate sustainability. It can also be cost efficient to companies. also the environment . But above all effect (CSR) varies companies to companies. Where some corporates seem to make all sorts of benefits from their coporate social responsibilities but few of them are also having loss by trying to maintain CSR without properly evaluating their resources. (Porter and Kramer 2006) has said The inferences where corporates need to evaluate their CSR actions to figure out if they add