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Csr in organizations
Principles of CSR
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Corporate social responsibility is defined as a business approach which plays a pivotal role in maintaining a sustainable development by delivering economic, social and environmental benefits for all stakeholders. A company can be ethical to a moderate extent as they need to ensure they are meeting the best interest of society in righteously delivering utilitarianism, justice and moral rights. This essay will examine arguments for and against social responsibility such as Sustainability, how businesses take care of the environment and ensure healthy living through implementing eco-friendly initiatives such as big businesses improving performance by using recycled renewable cups which limits plastic waste. This essay will also investigate how …show more content…
It produces serious moral issues and concerns to society especially those on strict diets such as ‘plant based’. A positive outlook on animal testing would be the human benefits gained which could not be obtained by using other forms of methods. The original article volume 8 issue 3, 2005 ‘Consumer Ethics across cultures’ by Timothy Devinney examines how consumers are influenced by the way a businesses campaigns their product and popularity disregarding the effect it has on the environment. The Article stated that “The growing concern in the animal testing industry and for the companies involved, shows a rise in number of socially responsible initiatives”, which is an ethical obligation as a business should be socially responsible. An example of a growing company for females in which is animal tested is MAC Cosmetics, But because the business is so big individuals fail to recognise the effect it has on the world in particular animals. Textbook titled ‘Comparative innovative business strategies of major players in cosmetic industry’ published in the year of 2006 declared the “study of cosmetic industry in the global marketplace with a focus on the four market leaders in this industry relative to their business and innovation strategies”. The media plays a diverse role in influencing society to purchase products especially when the target market is specified in this case females want the best makeup products for the best value in saying this MAC cosmetics is most definitely a product all females would consider applying without taking full consideration of the ingredients used. In 2015 actress Pamela Anderson strongly expressed her
According to Marc J. Epstein (2008), to help understand what sustainability is in the context of corporate responsibility, [Epstein has] broken it down into nine principles.
To supply the wants and needs of a consumer, society entrusts wealth-producing resources to the business enterprise.” (Santayana, George. Is The Tyranny Of Shareholder Value Finally Ending? So before we go into 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 society.... ...
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.
In 1910, Mr. Jamshetji Tata opened Tata Hydroelectric Power supply Company. Tata Power Company (TPC) is created the first hydro-electric power plants in Khopoli in 191, and in 1919, the second was built in Bhivpuri India. TPC is the largest power company located in Mumbai Maharastra. This corporation generates, transfers and delivers electricity using fuel and renewable resources such as hydropower, geothermal energy, wind, and solar, ("Tata Power," 2013). TCP employee over 200,000 people across India and is the country’s largest employer (Srivastava, Negi, Mishra, & Pandey, 2012).
In the article, The Truth About CSR by Kasturi Rangan, Lisa Chase, and Sohel Karim, the importance that coherence plays in corporate social responsibility (CSR), is emphasized. Throughout the article, corporate social responsibility application, within corporations, is broken down into three theaters. According to the article, many corporations do not focus on their CSR programs, and usually see these CSR actions as a secondary responsibility following the responsibility they hold towards their shareholders. It is argued in the article that in CSR is a key and essential block for corporate success, focusing on CSR coherence throughout all three theaters will bring positive results along the way, possibly making the corporation
The corporate social responsibility is a commitment by a business to contribute to economic development while improving the quality of life for employees and their families’ as-well as contributing to the society. Walmart is a well-known company that offers customers the items they want and need at a low cost, with nearly 4,000 stores in the United States. According to the Fortune 500, Walmart was ranked number 1 in 2015. Just like any other superstore Walmart needs to continue the use of social responsibility by recreating a relationship between business and the community especially if they want to dominate the competition in 2016. The use of sustainability, strategic philanthropy, causing market, shared values, stakeholders and global perspective will help readers understand the purpose of social responsibilities in the corporate world.
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.
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
Sustainability could be defined in many ways. It could be defined as the process to sustain a process or develop new technologies to reduce environment pollution. It also means a measurement how badly the environment is being polluted by other factors. I have to admit that sustainability is a great idea related to many fields such as healthy, economy, food, social, and etc. However, I still remember the first day of “Sustainable Business” class, Professor Laverty showed to my class an example of sustainable product with the idea of “produce more with less waste”. This example narrows me down to one idea of “Sustainable Business”, which is producing the product and services in an efficient and sustainable way without causing harms to environment. In this essay, I want to emphasize into impacts of businesses on environments, profitability of sustainable business, and responsibility of business.
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
7). Their definition was as follows: “ It is in the hands of humanity to make development sustainable… to meet the needs and aspirations of the present without compromising the ability of future generations to meet their own. (SHRM, 2011, p. 7).” Sustainability is the organization’s commitment to balance financial performance with contributors to the quality of life of employees, society at large, and environmentally sensitive initiatives (SHRM, 2011, p. 2). Workplace sustainability requires observation of the following: work force diversity, environmental impact, bribery and corruption, community involvement, ethical sourcing of goods, human rights, product safety, and product usefulness (Epstein & Roy, 2001, p. 588). Creation of a stable, sustainability culture can support the company’s efforts to reach its long term goals; however, sustainable practices are more often found in medium and large staff-sized organizations, publicly and for-profit companies and multinational companies (SHRM, 2011, p.
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.
Masaka, D (2008) Why forcing corporate social responsibility is morally questionable, Electronic Journal of Business ethics and organizational studies, 13, 1 pp. 13-21
So, if these multinational corporations have such strong influence, it is their responsibility to activate change in terms of sustainability. Sustainability is the number one problem our society faces today. Sustainability refers to social, environmental, and economic behavior that aims to maintain our resources so that the world and everyone on it can continue to exist in a prosperous manner. Social sustainability is “identifying and managing business impact, both positive and negative, on people.”
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...