Csr Planning Essay

654 Words2 Pages
bulb-icon

Recommended: Roles of ethical values in business

The dependent variable of this study is awareness of CSR Planning. CSR awareness is about corporate responsibility in how the corporate inculcates knowledge and interest to ensure employees (Abdullah & Khairuddin, 2013) concern in the importance of CSR. Social awareness is seen as one of the key mechanisms of consciousness-raising, the other being social action (Greene & Kamimura, 2003). The meaning of planning is the process of making plans for something (Oxford Dictionary). According to the Bowen (1953) cited in Abdullah & Rashid (2012), social responsibility speak of to the responsibilities of businessman to pursue those rules, to make those conclusions or to follow those lines of action, which are necessary in terms of the objectives and …show more content…

Furthermore, a company can ensure that profits and growing shareholder value don’t dominate the need to behave ethically to their stakeholders as mentioned by Ballowe, 2009. CSR planning process is essential to have a clear agenda for long and short run CSR activities (Paul & Murthy). Furthermore it can clear out any form of confusion of the whole CSR approach in terms of its financial execution, assessment, and allocation (Paul & Murthy). CSR is not an “unreturned investment”, but rather a TBL investment, bringing positive outcomes or benefits to the profit, people and planet if it is managed strategically and systematically. People stand for determining organizational achievement on social issue (Goel, 2010). Social performance addresses connections between a business and its society (Goel, 2010). It includes such issues as: protection of human rights including labour rights, volunteerism and partnerships with non-profits (McDermott, 2009), impact of community involvement and customer satisfaction (Goel, …show more content…

CSR it’s all about people and when employees are tied up in CSR and sustainability, it will shapes their behaviour and their thinking, enabling their companies to arise with new ways to solve present business problems and generate new opportunities (Azada & Rochte, 2013). Planet stands for determining organizational achievement on environmental issue (Goel, 2010). Responsible environmental policy is crucial to long-term business success by decreasing its operational impact on Earth; business can hope to limit the harmful effects related with its “footprint” and help diminish the upward trend of global warming for generations to come (McDermott, 2009). Slaper & Hall, 2011 mentioned that having long-range trends available for each of the environmental variables would help firms to recognise the effects a policy or project would have on the region. The issues of environmental included emissions, effluent and waste management, resource and material usage (Goel, 2010), protection of th astmosphere, assessment of global carbon footprint, energy efficiency, green products and sustainable building (McDermott,

Show More
Related

  • T.J. Maxx CSR

    1886 Words  | 4 Pages

    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...

    Read More

  • Relationship Between Investor Return And Financial Performance

    1282 Words  | 3 Pages

    There is major concern for corporate management whether there is a direct relationship between corporate social responsibility and financial performance. There is need for assessing the validity of the relationship between CSR and financial performance .Macguire, sundgren and schneweels (1986) argued that previous research has yielded mixed results regarding the relationship between CSR and measures of financial performance. Reviews by Cochran and Wood (1984) and Ullman have all found mixed results regarding the relationship between CSR and a firm’s financial performance. Ullman suggested that the results may have been derived from differences in research methodologies and measures of financial performance

    Read More

  • Corporate Social Responsibility Analysis: Wells Fargo

    958 Words  | 2 Pages

    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.

    Read More

  • Walt Disney Social Responsibility Case Study

    701 Words  | 2 Pages

    Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. (Louche, n.d.). A normal company’s main purpose is to produce profit and some companies want to benefit themselves before benefiting the people buying that company’s product, relating that to CSR they will get a higher reputation and that causes a higher sales which means bigger profit. CSR is the responsibilities that businesses should apply in order to make that business better towards the people and towards the eco-system. A part of CSR involves following the code of ethics which are rules that will guide a business to respect and the right behavior in order

    Read More

  • Article Review: The Importance Of Corporate Social Responsibility

    1093 Words  | 3 Pages

    A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed

    Read More

  • Dell Computer Sustainability Performance Metrics

    876 Words  | 2 Pages

    Dell Computer Corporation is the world’s largest supplier of personal computers (Fleming, 2006). Dell’s goal is to be “the greenest technology company on the planet” (Ball, 2008, p. 1). Hence, Dell, like many corporations today, establish sustainability initiatives to persuade regulators, stakeholders, and consumers of their commitment to protect society and the environment. However, companies must support these claims with tangible performance metrics. Thus, some of the processes, programs, and reports Dell using to identify and measure performance is examined.

    Read More

  • Corporate Social Responsibility

    1700 Words  | 4 Pages

    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.

    Read More

  • The Triple Bottom Line Model For Sustainable Tourism

    721 Words  | 2 Pages

    A declared goal of multiple corporations, non-profit organizations, and local/state/federal governments in the past ten to fifteen years has been sustainability. Although sustainability is a goal for many, measuring the degree to which a business is being sustainable or tracking sustainable growth can be challenging. A man by the name of John Elkington saw the need for a sustainable growth measurement system, and strove to measure sustainability by bringing to view a new outline to measure sustainable performance in corporate America. This outline, called the triple bottom line, went beyond the customary measures of shareholder value, profits, and return on investment to include social and environmental dimensions. By focusing on widespread

    Read More

  • Corporate Social Responsibility Activities of Unilever

    3393 Words  | 7 Pages

    Corporate Social Responsibility (CSR) is a very familiar term in today’s world. Most of the successful companies try to be ethical and socially responsible toward their stakeholders. Because becoming ethical and socially responsible gains a lot in terms of profit or capturing more market share (Aras and Crowther,2009). This socially responsible approach is paved by the CSR activities of the companies which has a great contribution to their corporate strategy of winning the customers’ mind. In this assignment, the pros and corn of CSR activities of a particular organization a...

    Read More

  • Best Buy Company's Responsibility

    564 Words  | 2 Pages

    Successful companies have more than just a responsibility to their own gain in order to sustain their success. The effects of their profits spread to the stakeholders and communities in which they serve. Companies have to consider the impact their organization have on the society and those involved in their success. One way to obtain this goal is through the triple bottom line: people, planet and profit. Triple bottom line for many companies is used to measure and report their performance to minimize any harmful effects on the environment due to business practices.

    Read More

  • Views on Corporate Social Responsibility

    1003 Words  | 3 Pages

    While the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility. Business Directory.com defines corporate social responsibility as, “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources.” But such a concept has been much disputed since at least the 1970’s.

    Read More

  • Corporate Social Responsibility

    1916 Words  | 4 Pages

    Business organizations regularly run into demands from various stakeholders groups when conducting day-to-day business. These demands are generated from employees, customers, suppliers, community groups, governments, and shareholders. Thus, according to Goodpaster, any person or group of people that can shape or can be shaped by attainment of the objectives by an organization is considered a stakeholder. Most business organizations recognize and understand their responsibilities to these groups and endeavor to honor and fulfill them. These responsibilities are often communicated to the public by a statement of principles or beliefs. For many business organizations, corporate social responsibility (CSR) has become an essential and integral part of their business. Thus, this paper discusses the two CSR views: the classical view and the stakeholder view. Furthermore, I believe that the stakeholder view has brought ethical concerns to the forefront of businesses, and an argument shall be made that businesses would improve both socially and economically if CSR, guided by God’s love, was integrated into their strategic planning.

    Read More

  • Essay On Business Ethics And Social Responsibility

    853 Words  | 2 Pages

    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...

    Read More

  • Corporate Governance and Social Responsibility in Business

    3628 Words  | 8 Pages

    Masaka, D (2008) Why forcing corporate social responsibility is morally questionable, Electronic Journal of Business ethics and organizational studies, 13, 1 pp. 13-21

    Read More

  • Importance Of Corporate Social Responsibility

    1000 Words  | 2 Pages

    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

    Read More

More about Csr Planning Essay

Open Document