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The nature of csr in a business
Concept of corporate social responsi
Concept of corporate social responsi
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Corporate Social Responsibility (CSR) in the corporate event sector can be for everyone operating in this sector a basis for innovations, opportunities and competitive advantages with regard to social, environmental and economic aspects. This essay deals with the question what CSR is and how it influences the corporate event industry in the UK, as well as with the strategies companies have to do to generate a sustainable company structure and how they can advise their workforce to improve responsibility. Furthermore, the right communication of a CSR company structure is an essential aspect and how it has negative or positive effects on the people. The Global aspect of CSR is also interesting with regard to the corporate event industry and the implementation of the ISO 20121.
In the last year, Corporate Social Responsibility became a very important part for the operators in the corporate event sector. CSR (Corporate Social Responsibility) was defined by MPI (Meeting Professionals International) as “[…]the responsibility of an organization for the impacts of its decisions and activities on society, the environment and its own prosperity, known as the triple bottom line of people, planet, and profit”. (n.d.) To reinforce the community and the marketplace, the market has to show responsibility, sustainability and transparent strategies. The strategic CSR application is used to figure out a sustainable and successful future for the business by including a solid business plan based on the triple bottom line. (MPI, n.d.). In particular, the corporate event industry, which is defined by Wiley as “An event sponsored by a corporation for the purpose of achieving specific goals and objectives such as entertaining customers, introducing and p...
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Morell, K. (2010) High-Tech Meetings [Online]. Available from: [Accessed 5 October 2011].
MPI: Committed to improving our world. (n.d.) MPI [Online]. Available from [Accessed 28 October 2013].
Musgrave, J. (2012) The Value of CSR in the Meeting Industry. Research Report: Meeting Professionals International.
Rogers, J. Musgrave, J. & Betts, D. (2013) CSR & Sustainability in the Corporate Events sector, 10 October [Podcast]. Available from: [Accessed 6 November 2013].
Sustainable Event Solution (n.d.) BS8901 – What is it?. [Online]. Available from: [Accessed 20 October 2013].
Hohnen, P. (2007). Corporate Social Responsibility An Implementation Guide for Business. Winnipeg: International Institute for Sustainable Development. Retrieved January 22, 2014, from http://www.iisd.org/pdf/2007/csr_guide.pdf
In recent years, more people begin to accept the concept of corporate social responsibility. Companies also pay more attention to the activities of CSR and investment. In addition to face the pressure of the environment and the social moral level, the enterprise managers also have the responsibility of the company 's performance and the value of the shareholder 's wealth. Therefore, enterprises need to pay more attention to the relationship between corporate social responsibility and financial performance.
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...
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.
Since the 1900s, Corporate Social Responsibility (CSR) has been a developing trend in the hospitality industry and until today is one of the pillars in many of the corporations’ public relations tool.
In recent years, there have been a growing number of companies that have an explicit Corporate Social Responsibility (CSR) plan. As stated by European Commission (2001), CSR is defined as “a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis.” It is believed that the motives for CSR are gradually converting from philanthropic rationale to performance-driven orientation, but the question of better company performance resulting from the implementation of CSR has often been the centre of debate. The purpose of this paper is to examine how CSR can positively contribute to company performance, which refers to the quantitative values such as profits and stock price. This paper begins by reviewing how investors and managers perceive CSR as a value-creating tool. It will then go on to discuss how CSR helps to build employer-employee relationship and customer loyalty.
In the changing environment, businesses need to show the responsibilities among community. There are many social problems around the world which needs attention and the society also have expectations from the companies to solve it together by using the resources in an effective way (Gigauri, 2012, pp. 207-211). Since long, most of the companies are practicing CSR to contribute to the environment and society as their broad goal. The success of the companies also depend on the community and environment as the company’s operations also have impacts on society and environment. The companies are refocusing on their CSR activities and it is the demand by the society to show the sustainability and responsibility in company’s operations and activities (Rangan , Chase, & Karim, 2015).
My reflection for this week on the Key Performance Indicators book by Bernard Marr. Sections five talks about employee perspective and section six is on corporate & social responsibility perspectives. I would have never thought of using key performance indicators to measure employee perspectives. I learned this is used more by the human resources managers that have a big responsibility to asses and evaluate the employees hired for their companies. The main goal for any company is to hire employees that will have a high return on investment. What I understand from the assigned reading is that a company must develop a strategic compensation management system that will help them answer very important questions. One is “what must the company
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its
The very nature and primary goal of businesses is to earn and maximize profit. However, every business is now sensitive to corporate social responsibility in which not only focuses the company itself, but also its various aspects. It is linked to concern for the continuous improvement and growth of the different community. Businesses and entities must also be viewed as a big contributor for the betterment of the economy and society as a whole. Thus, businesses partake in the responsibilities towards an improved and civilized economy.
By Plewa, C., Carrillat, F. A., Mazodier, M., & Quester, P. G. (2016) from the European Journal of Marketing. Based on the article the authors conducted a research to study whether CSR activities can benefits firms. Researchers have recognized that CSR initiatives are not created the same hype for corporate and non-corporate source effects (Skard and Thorbjornsen, 2014). It is depend on the type of sponsorship applied. Hence, to overcome the issues current researcher introduces sport sponsorship to the flow of enquiries, by searching to decide its contribution to the firm’s image as a socially responsible
Corporate Social Responsibility (CSR) is the responsibility of an organization for the impacts of a decisions and activities on society, the environment and prosperity are known as the “triple bottom line” of people, planet, and profit. It not only do responsibility but also help build brand and reputation, It help strengthen of the community and the marketplace. A solid business plan, embedded into the business culture, reflecting organizational values and objectives through strategy of CSR, will help to build a sustainable and profitable for a future. Also, social marketing is an outgrowth of the principles of corporate social Responsibility and sustainable development. It mention that an organization should not ignore the societies or welfare in long term to achieve a mission and vision. Lastly, it realizes that CSR is important to remain sustainable. Strong communities support strong organizations, that can be relate with the social marketing.
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...
Nowadays, business students are likely to explore the concepts of Corporate Social Responsibility (CSR) at school. In fact, since the global recession of 2007, business schools have realised the importance of including CSR topics to their programs.
An integral part of the way we do business is Corporate Social Responsibility. In order to fulfill our CSR (Corporate Social Responsibility) objectives, we challenge to encourage public interest by inspiring community growth and growth through supporting social service events, sports, auxiliary education, and also contribute in socio-...