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The nature of csr in a business
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Most of the research was conducted using the descriptive Corporate Social Responsibility approach, this research mainly focused on whether CSR was incorporated in the football industry. If it is, then how it is carried out? This essay will include; reasons for football clubs to adopt CSR policies, the benefits gained by football clubs when adopting CSR and how is CSR practiced; how do football cubs act socially responsible. What is CSR? There are multiple definitions of CSR, The World business Council for Sustainable Development defines it as “the continuing commitment by business to contribute to economic development while improving the quality of life of the workforce and their families as well as of the community and society at large”. Whereas McWilliams and Siegel (2000) give a definition that is more suitable for football clubs, “CSR represents a set of actions that appear to further some social good, extend beyond the explicit pecuniary interests of the firm, and are not required by law”. Another definition that was developed by Turker (2009) socially responsible organisations are those “that aim to affect stakeholders positively and that go beyond its economic interest”. The definitions by Turker and McWilliams and Siegel are more appropriate for understanding CSR in the football industry, in which organisations that don't operate in the conventional way. Smith and Westerbeek state that there are seven unique features of sports that gives it a high power and influence in societies “mass media distribution and communication power, youth appeal, positive health impacts, social nitration, sustainability awareness, cultural understanding and integration, and immediate gratification benefits (Smith and Westerbeek, 2007). Thi... ... middle of paper ... ...bitlity in English Footall: History and Present. Management & Marketing, 6 (2) 327-346. Smith, A. and Westerbeek, H. (2007). Sport as a vehicle for deploying corporate social responsibility. Journal of corporate citizenship, 25, 1-12. Trendafilova, S. et al. (2012). Corperate Social Responsibility in Europeansports clubs: Analysis and classification of activities/programmes. Turker, D. (2009). Measuring corporate social responsibility: a scale development study. Journal of Business Ethics 85, 411-427. Walker, M. and Kent, A. (2009). Do fans care? Assessing the influence of corporate social responsibility on consumer attitudes in the sport industry. Journal of Sport Management, 23(6) 743-769. Walker, M., Parent, M. (2010), Toward an Integrated Framework of Corporate Social Responsibility, Responsiveness, and Citizenship in Sport. Sport Management Review, 1, 198-213
Lantos, GP, 2001, ‘The boundaries of strategic corporate social responsibility’, The Journal of Consumer Marketing, vol. 18, no. 7, pp. 595-639.
Over the last several years, it has become undeniable that any kind of sport can, and will, be sensationalized and commercialized by the people from the great companies like “Coca-Cola, Pepsi Cola, and Marlboro” (1667). These companies have hundreds of thousands of dollars budgeted each year to pour into sports in the form of sponsorships, advertising, etc. Once the sponsorships are introduced into a sport, it is exactly the kind of thing that will push an athlete out of competition. An athlete will find himself in a “make-it or break-it” situation. If an athlete receives a sponsorship, then the money is free flowing for equipment, testing, training, etc – anything that the athlete wants or needs to aid in putting him...
Social responsibility can be defined as “the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Mallen Baker, 2004). In addition, social responsibility has been defined differently by various corporate leaders that provide guidelines which impacts how one manages the core business. Social responsibility is an essential part of a business. If managed correctly should strengthen the competitive spirit of the company and provide prosperity to society.
Most brands have a set ‘corporate responsibility’ belief, but Nike seem to be acting on the belief with the best outcome. Nike’s ‘my time is now’ campaign gave back to a sport that accounts for a large sum of their profit by hunting for footballing talent. Nike celebrated a new generation of footballers with ‘The Chance’, an extension to the campaign. This is accompanied by an environmental scheme using recycled polyester, diverting 2 billion plastic bottles since 2010, bettering products and improving lives. They class it as “innovating for a better world” (Nike;2014). They divert back to sport constantly with schemes and foundations. Believing that sport is for everybody, they do what they can to allow everybody the access to sport as they believe it as the “greatest investment a society can make” (Nike;2014). The best example of their worldwide responsibility being achieved was with ‘The Nike Foundation’. The Nike foundation allowed adolescent girls to end their own poverty and make changes for the world. The idea was to unlock potential in the most deprived places.
So before we go in greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit societ...
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.
Maignan, I. (2001). "Consumers' perceptions of corporate social responsibilities: a cross-cultural comparison." Journal of Business Ethics 30(1): 57-72.
Bui, T. L. H. (2010). THE VIETNAMESE CONSUMER PERCEPTION ON CORPORATE SOCIAL RESPONSIBILITY. Journal of International Business Research, 9, 75-87. Retrieved from http://search.proquest.com/docview/875107737?accountid=63189
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
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.
The arguments for and against corporate social responsibility have captured two points of view. Those who believe that organizations should not be concerned about social responsibility base many of their arguments on the costs involved and whether organizations should shoulder those costs on behalf of society. And those who are in favor feel that organizations benefit from society and, therefore, have an obligation to improve it. Although there is no universal agreement, surveys and other reports express that many organizations are, becoming increasingly active in addressing social
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.
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...
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 commercialization of sports is illustrated by the amount of money that is involved in sport. Stakeholders in the sector are using lots of money to improve their performances with an objective of making profit. Sport has changed its form and dimension and longer only a source of entertainment, but a...