Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Essay define corporate social responsibility
Essay define corporate social responsibility
What is corporate social responsibility
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Essay define corporate social responsibility
The idea of companies existing in order to make money for their investors is widely accepted as the core business concept. In recent years, the involvement of corporate social responsibility (CSR) in the business model can be clearly observed. CSR can be described as the undertaking of initiatives which benefit other members of society. However, there is a great ambivalence and uncertainty about what CSR really means as well as what drives corporate units to pursue it. This part will describe the notion of CSR and present the debate between narrow and broad view of corporate social responsibility, the link between CSR and the Triple Bottom Line (TBL) and examine the shift in paradigms from altruistic standpoint to the strategic standpoint on CSR …show more content…
Carroll, 1979, Vol. 4, No. 4, p. 500). Carroll’s formulation serves as the base for modern CSR and is clearly reflected through the European Commission’s definition: “enterprises should have in place a process to integrate social, environmental, ethical human rights and consumer concerns into their business operations and core strategy in close collaboration with their stakeholders" (European Union Law, COM(2001)366). Although the concept is widely accepted, many definitions have also been proposed in order to explain the form and the content. CSR is one of the concepts that, being extremely broad and generates a legitimate debate (Lantos, 2001). The exploration back in time for the genesis of the CSR idea made clear the recurrence of two purposes of CSR. Also, over time, the definition itself evolved to address the paradigms of CSR, although they are still not resolved in the recent literature. Those paradigms are affected by the altruistic and strategic purposes (Mohanty, 2010). The altruistic purpose behind CSR stands for voluntarily participating in initiatives, which in most cases even sacrifice part of the business profitability. On
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 China, due to large population and scarce education resources, the education condition in countryside is poor. Farmers have few opportunities to obtain qualified education, and therefore earn less than citizens in urban cities do (Sicular T. , Ximing, Gustafsson, & Shi, 2007), which again makes it impossible for them to get better education. Finally, it aggravates poverty and causes a lower-level economy. However, this circumstance attract natural resource-dependent enterprises, which need the natural resources to sustain productivities to construct factories at abundant-resource countryside because of the cheaper rents and human resources. There is an argument that Companies exercise corporate social responsibility (CSR) only for their own interest, so enterprises sometimes don't care about whether their action can truly benefit the society. However, for the natural resources- dependent companies, exercising education-oriented CSR can really benefit both these industries and the areas in short term and long term.
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
It is generally believed that a company increases its social and environmental performance in order to :
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...
For many years there have been discussions about corporate social responsibility (CSR). It is evident that individuals have been concerned with the way business conduct themselves when it comes to CSR and ethics. Not only what they can do with their products and services but what they can give back to society. Anita Roddick, founder of The Body Shop, talks about what should be most important. She states, “The business of business should not be about money, it should be about responsibility. It should be about public good, not private greed.” (The Body Shop, 2012)
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.
must work in tandem or there is no purpose for any of its existence. Unethical
Corporate social responsibility (CSR) is gaining its popularity in China. Over the past decade, an increasing number of Chinese companies have begun to produce CSR reports with more overseas companies becoming mindful of their liability in China. These companies either choose to commit themselves to building infrastructures or to promoting a healthy life style. Whatever they do, it is undeniable that such acts do good to Chinese society. In terms of contribution of CSR, based on Chinese situation, CSR will benefit Chinese society for its good in protecting environment, improving the quality of life and cultivating the talented.
Each definitions of CSR does vary around the core characteristics based on their conceptual concentrations and particular focus, for example, under the Voluntary Characteristic, CSR see the overall voluntary activities beyond the law. The Externalities, study both, the positive ...
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.
A company has an economic obligation. It must earn a favorable return for its stockholders in the restrictions of the law. But, corporate social responsibility means that organizations have also ethical and societal responsibilities that go past their economic responsibilities. CSR needs organizations to develop their documentations of their responsibilities to include other stakeholders such as workers, customers, suppliers, local societies, state governments, international organizations, etc. Ethics could be seen as a fundamental component of individual and group activities at the heart of organizations’ errands.
CSR is a company’s sense of responsibility towards the community and environment both ecological and social as well as ethical in which it operates. CSR includes some values like risk management, corporate philanthropy etc. the actual goal of CSR in not directly social well-being centric; but promoting sustainable business models, compliance and providing funds- which are revolving around their ultimate goal – profit making, when social business has social objectives in its core.
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