Corporate responsibility looks at the role of business in society and its responsibilities that are far beyond the economic and legal responsibilities. Companies should try to fit social and environmental concerns in their business operations. It should interact with stakeholders on a regular basis. The different areas that corporate social responsibility (CSR) covers are business ethics, set of legal rules, employee rights, environment management, human rights and lastly corruption. 2.1 Cultural factors Organizational culture relates to a system of shared norms, ideals, values and assumptions that binds humans collectively (Larson, 2014). The way of life reflects the character of the organization and, similar to a character's personality, …show more content…
The BHP management inspires the workers to consider values during ethical decision making. The employees are encouraged to make relative inquiries if they have any doubt regarding any issue whether it is in accordance with the company’s set of rules and guidelines. Floris, Grant and Cutcher (2013) states that BHP has around 3000 employees from a variety of cultural and geographic backgrounds. The organization creates a balanced environment in the workplace by hiring the employees regardless of their cultural values. The company’s management is well familiar with the business activities and help in the reinforcement of the organization’s procedures and performance …show more content…
The program has two features first is to maintenance of land and bio diversity system by which organization has taken various measures to stop the burning of fossil fuels with the help of alternative processes. The land and water environment is highly polluted by the production of iron ore. Company also removes harmful substances from the waste materials before they are disposed into the environment. The second is the development of the lands that are no longer required by the company for the rehabilitation purposes by engaging in planting trees and proper maintenance of ores. (Ghosal, 2015). The total land rehabilitated at the end of 2015 was 40,800 hectares which is 4% increased than 2014 (BHP Billiton Annual Report, 2015). A consequentialist theory judges what is right based on the good actions it produces as compared to bad. Here we can assume that utilitarianism perspective would be suited which says that “An action is considered to be the best if it produces maximum good to maximum number of
Corporate social responsibility (CSR) is a when a firm goes beyond compliance and engages in “actions that appear to further some social good, beyond the interests of the firm and that which is required by law” (McWilliams, Siegel & Wright, 2006)...
Corporate Social Responsibility is the obligation from corporations to utilize their resources to aid and benefit the larger society. The four components of CSR are economic, legal, ethical, and philanthropic. Social Responsibility is a fundamental force in the wealth creation process. If correctly demonstrated, CSR should heighten competitiveness and boost the value of wealth creation to society. A company's CSR Initiatives directly represent who the company is and what it believes it. The m...
Organizational culture is the system of shared beliefs and values that develops within an organization and guides the behavior of its members, while organizational structure is an expression of social and economic principles of hierarchy and specialization (Kinicki, 2015). Both the culture and the structure of an organization are important things for management to understand in order to successfully set and achieve an organization’s goals. Companies who excel in highly competitive fields can attribute their successful economic performance to a cohesive corporate culture that increases competitiveness and profitability. This culture is best utilized in an organization that has the necessary structure to allow its employees to coordinate their actions to achieve its goals.
Corporate Social Responsibility (CSR) is the set of regulations that an organization makes to protect and increase the society in which it functions. There are three areas of social responsiblity: Organizational stakeholders, the natural environment and general social welfare.
Corporate Social responsibility is the care and concern shown by the businesses towards society and carrying out activities by which the society can be benefited.
The concept of organizational cultures was first raised in 1970s, and soon became a fashionable topic. Organizational culture is the shared beliefs, values and behaviours of the group. Theorists of organizations believe that organizational culture represents the pattern of behaviours, values, and beliefs of an organization. Hence, studies around organizational culture have been seen as great helpful and essential for understanding organizations and their behaviours. Additionally, organizational culture has been considered to be an important determinant of organizational success. Therefore, leaders and managers pay more than more attentions on this topic, focusing on constructing and managing organizational cultures.
According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...
Corporate Social Responsibility (CSR) is a management concept which includes the set of policies, practices and programs that refers to the business actions, decision-making processes in order to maximise the positive impacts of its operations on external factors. The core content of CSR is the responsibility of the organisations in their business activities to not only the owner but also a wide group of stakeholder (customers, employees, suppliers and government). It is also related to the management of corporate citizenship and social responsibility problem....
...d rules that are managed and reinforced can make a difference in the organization. Senior leaders must be aware of the influential impact that immediate leaders play in the daily duties of the workplace. Then the immediate leaders can emphasize and support the ethical character of their workers. Civility demands that a person must be self-disciplined for the sake of others. “By putting ethics into practice in our day-to-day encounters, civility is that moral glue without which our society would come apart” (Brannigan, 2008, para. 13). It is more important than ever for companies to act responsibly, as customers are buying products and services from the companies that they trust. Ethical values can be incorporated into an organization’s culture. Ethics plays an important role in the company and can have beneficial and profitable results on the corporation.
Organizational culture can be defined as a system of shared beliefs and values that develops within an organization and guides the behavior of its members. It includes routine behaviors, norms, dominant values, and a feeling or climate conveyed. The purpose and function of this culture is to help foster internal integration, bring staff members from all levels of the organization much closer together, and enhance their performance.
Organizational Culture Organizational culture is important in a business. The culture are the norms under which the company operates and are often found in stories, rituals, symbols and language (Robbins and Judge, 2012). The Court transfers culture by way of stories, ritual and language. As a new hire in the court, orientation includes an explanation of how and why the court system was established and to embrace changes a given constant.
The concept of organizational culture is one of the most debated topics for researchers and theorists. There is no one accepted definition of culture. People even said that it is hard to define culture and even more change it. It is considered a complex part of an organization although many have believed that culture influences employee behavior and organizational effectiveness (Kilmann, Saxton, & Serpa 1985; Marcoulides & Heck, 1993; Schein, 1985a, 1990).
However, there can be more definitions about what Corporate Social Responsibility can be. For example, Corporate Social Responsibility can be the commitment which is continuing for a business to behave ethically and bring to economy the development to improve the workforces’ of the whole society and local community and their families’ quality of life. Corporate Social Responsibility is also known as the obligation of a company to serve the society’s interest and of course its own. With the help of the Corporate and Social Responsibility, social and environmental concerns companies can integrate into their business and stakeholders operations.
The main theory of organizational culture was defined by Schein (1981). He described culture as shared valid basic values acquired by members of an organization while solving problems or issues of external adaptation and internal intergration (Re...
Corporate Social Responsibility is management’s obligation to protect and promote their stakeholders welfare. Social Responsibility is more than just obvious ethical issues like honesty and integrity in business dealings.