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Arguments for and against the concept of corporate social responsibility
Arguments for and against the concept of corporate social responsibility
Interpretation and implementation of corporate social responsibility
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Fair trade In 2001, the international Fair Trade movement adopted the following definition for Fair Trade. “Fair Trade is a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers – especially in the South.” (European Fair Trade Association, 2006) Fair trade can be viewed as a social movement that aims in the development and well being of producers in developing countries. It cannot be said to be a charity, moreover it helps producers in developing countries to help themselves with fair wages and good living and working conditions. Fair trade products are sold in many stores and outlets of companies in developed countries. The recognition for Fair trade products increases daily and thus the demand for it. ‘Go eat’ outlet in the University of Wolverhampton is an excellent example for Fair trade; the University also hosts Fairtrade Fortnight, creating awareness about fair trade amongst the students. (The University of Wolverhampton, 2011) Contemporary Social Responsibility (CSR) If one of your contractors is found to be exploiting its workers, giving kickbacks to local officials, or polluting a river, it can cause untold damage to your brand. Pressure groups pounce, and damning media coverage follows. Faced with these pressures, companies need to understand and manage the impact that their buying decisions have on local communities, workers and the environment. That’s where CSR becomes important. (CSR Network, 2008) Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and di... ... middle of paper ... ...rtrade.org.uk/what_is_fairtrade/fairtrade_foundation.aspx [Accessed 27 February 2011]. 7. Traidcraft., 2004. Fairtrade Tool Kit.Traidcraft, briefing paper, [Online] Available at:http://www.traidcraft.co.uk/Resources/Traidcraft/Documents/PDF/tx/campaigns_CSR_difference.pdf[Accessed on 2 Feb 2011]. 8. The University of Wolverhampton., 2011. Fairtrade at the University of Wolverhampton. [Online] Available at: http://www.wlv.ac.uk/default.aspx?page=16442 [Accessed 26 Feb 2011]. 9. Brendan O’Neill. 2007. How fair is Fairtrade?. BBC News, Magazine, [Internet] 7 March 2007. Available at: http://news.bbc.co.uk/1/hi/magazine/6426417.stm [Accessed 27 February 2011]. 10. Food and Drink Europe. 2006. A fair trade future. Food and Drink, Europe.com, [Internet] 30 October. Available at: http://www.foodanddrinkeurope.com/Retail/A-fair-trade-future [Accessed 3 March
Wright, L. T., & Heaton, S. (2006). Fair Trade marketing: an exploration through qualitative research. Journal of Strategic Marketing, 14(4), 411-426. doi:10.1080/09652540600948019
People can analyze the different between Fair Trade and Free Trade. Cafedirect just need to maintain
Fairtrade is something that you will now hear or read about on a regular basis while grocery shopping. We can see packages labelled as Fairtrade; we can see stores promote themselves as being fair trade. However, when you ask people what fair trade actually is, some know and others have a skewed idea of what it means. Fairtrade is a certified process where businesses promote fair prices, fair working conditions, and better trading methods. There are many regulations that are placed onto producers so they can acquire the prestigious title of being labelled “fair trade certified”, yet many of these requirements are not met fully, especially when it comes to workers. Workers are not being treated as fairly as they should be on some of the
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.
Companies have presented investigations about their motivation towards voluntarily social and environmental as insolvent. This paper argues in agreement with Adam’s view that the goal of CSR reporting is to promote credibility and corporate image of stakeholders operating in a particular industry. Whereas companies must focus their efforts on enhancing their profitability, they should also ensure that the welfare of other stakeholders is protected.
Fair trade international is also jointly owned and managed by certified producers. Producers are able to influence the overall strategy, premiums, prices and standards through fair trade internationals board, its consultation processes and commitees. Stable prices: there is a fairtrade minimum price that’s set to cover the cost of production sustainability, even when prices fall in the world market drop. Empowerment of farmers and workers: farmer groups must be certified by having visible administration and democratic basis and structure. There must be representatives of workers on the committees that decide how to use the premium from fair trade. Fair trade supports both groups to develop in this area. A Fairtrade Premium: the premium helps them create a better life for themselves. It is paid in addition to the agreed upon fair trade price, and they choose democratically how to spend it. Usually they spend it on health care, education, processing facilities or farm improvments to improve
Corporate Social Responsibility (CSR) is about how companies manage their business processes to produce a positive impact on society. Companies introduce new products in markets, usually after testing concludes that the product is safe for use or consumption. It is nearly impossible for a company to truly know all of the potential risks a brand new product may have, even after thorough testing. However, once a company receives reports that its product may be causing harm to consumers, it is their responsibility to conduct more research and tests to rule-out any possible truth in the reports. This is what a socially responsible company would do, one who is preoccupied not only with their bottom-line, but one that is also worried about its customers.
Nowadays, corporate social responsibility (CSR) becomes an integral part of each company. CSR can be understood as a management concept and a process that links social and environmental issues in business operations to a company’s interactions with it’s stakeholders. CSR not only gives the company a chance to help society but also enhances company’s reputation and investors’ attractiveness. In this paper, we will show a brief description about CSR and effects of CSR on international business, including pros and cons when a company applies the CSR program. Besides that, I give my ideas on conflicts of interest beween shareholders and the company’s managers. And then, advantages and difficulties for companies implementing CSR in Vietnam will be defined. Although CSR was first introduced widely in Vietnam many years, it is still a new concept. Therefore, pioneers in this area are facing lots of challenges in running CSR programs in Vietnam.
In the late 1940s the initial fair trade movement began in the United States. During that period Fair trade was often regarded as a political gesture to neo-imperialism. The slogan 'Trade not Aid' at the time, obtain international recognition. In addition, it adopted the United Nations Conference on Trade and Development (UNCTAD) to focus on the establishment of fair trade relations with the developing countries (Littrell and Dickson, 1999; MORI, 2000). At the same time Fair Trade in Europe started from the late 1950s. British Non-Governmental Organizations (NGO) name Oxfam gradually to sell some crafts by Chinese refugees made in Oxfam stores (Littrell and Dickson, 1999; MORI, 2000). And then in 1964 it created the first fair trade organizations. Moreover, Dutch third world groups also began to sell cane sugar and this produces with the message 'by buying cane sugar you give people in poor countries a place in the sun of prosperity' (Littrell and Dickson, 1999; MORI,
Free trade can be defined as the free access to the market by individuals without any restriction or any trade barriers that can obstruct the trade process such as taxes, tariffs and import quotas. Free trade in its own way unites and brings people together. Most individuals love the concept of free trade because it gives them the ability to move freely and interact with the market. The whole idea of free trade is that it lowers the price of goods and services by promoting competition. Domestic producers will no longer be able to rely on government law and other forms of assistance, including quotas, which essentially force citizens to buy from them.
“Fair trade is much more than a buying relationship,” Heyl said. “It’s about developing holistic communities and retaining wealth and talent and education in villages in India”. The model is especially significant for helping women. Heyl said in some communities, women aren’t allowed to leave the house without a man. Everything all at once.
Now-a-days it is considered that CSR is one of the major concerns of organization’s business ethics. Companies increasingly increase their corporate social responsibility (CSR) and ethical management accepting the positive impact on the bottom line. The vast bulk of Standard & Poor’s 500 companies publish sustainability reports unfolding their program challenges and achievements. These pre-emptive efforts can pr...
Fair Trade is considered as an alternative trading system, which aims to protect the economically disadvantaged producers, especially in developing countries. It provides transparency and respect in international trade (Gingrich and King, 2012). Besides, Fair Trade also contributes to sustainable development by offering better trading conditions for marginalised producers and workers and securing their rights (Mohan, 2010).
As a result of modern corporate scandals and rapid development of international business environments, social responsibility (SR) has become a key aspect of corporate competitive contexts. (Brammer, Williams and Zinkin, 2007). Businesses are under increasing pressure to incorporate SR amongst their profit-driven aims and have become increasingly accountable for their social and environmental actions. Increased interest in CSR developed in the mid 1990s as consumers began to lack their former trust in companies due to both environmental and financial scandals and it became noticeable that society was moving towards values incorporating harmony, quality of life and environmental conservation (Carrasco, 2007) Additionally, major corporate failures over the past two decades have resulted in increased demand for stronger, corporate governance (CG) rules. (Sui, Wright & Evans, 2007). Superior CG rules are needed in order to preserve the integrity of corporations, financial institutions and markets and the health and stability of world economies. (OECD Website)
Free trade is a policy that relies on the concept of comparative advantage that when comparing two countries one of those countries will have the capability to make a product that is better than the other country. So it is best if each country focuses its efforts and resources into one product to increase the economic activity for both countries. The determination of who produces a product better is based on the open market without intervention from a government who may try to control a trade by imposing government protective measures such as tariffs. The World Trade Organization has been tasked with monitoring free trade, but it has been noted that their policing has not been effective to stop such interventions. Free trade not only relies on a laissez-faire approach but also on assumptions of conditions. The assumptions used by many for economic theories are not always accurate but rather the justification for using the assumptions is so that economic theories can be applied for the greater good of an economy.