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Nature and concept of corporate social responsibility
The importance of social responsibility in international business
Nature and concept of corporate social responsibility
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The examination has given an incredible understanding into the changing part of CSR, and how firms ought to approach this moderately new idea. We realize that associations are turning out to be more open in their operations, and that customers are presently turning out to be more taught and investigating the organization itself when settling on obtaining choices. We realize that shareholders don 't have faith in CSR unless it gives more noteworthy business sector introduction, then again we have confirm that backings advantages which far exceed this presentation and give the organizations more prominent brand value and respectability. We have considered the lawful point of view and realize that whilst there are authoritative confinements on …show more content…
DUNCAN, P, 2000, 'Corporate Responsibility – A Shell View ', The Sydney Papers, ' Autumn 2000. 2. FERGUSON, A, 2006, Corporates See the Light, Business Review Weekly, 29 June 2006. 3. MANN, S, 2003, Economics, Business Ethics and Law, Sydney, Lawbook Co, p 87. 4. REDMOND, L, 2005/06, The Challenge of CSR, Reform, Issue 87, pp 22-26. 5. REDMOND, P, 2005/06, Corporate Social Responsibility, Reform, Issue 87, pp 7-11. 6. ROBBINS et al, 2006, Foundations of Management second ed, Sydney, Pearson Education Australia. 7. SCHEMERHORN et al, 2004, Management; an Asia Pacific Perspective, Milton QLD, John Wiley & Sons Inc. 8. STANDEN, M, 2005/06, The Corporation in Society, Reform, Issue 87, pp 12-16. 9. WILSON, T, 2005, The Pursuit of Profit no matter what, Alternative Law Journal, 6 Dec 2005, pp 278-282 (accentuation included). 10. WORLD VISION AUSTRALIA, 2006, Asia Tsunami Disaster – World Vision Response, http://www.worldvision.com.au/offers/tidal wave/index.asp, [19/08/2006] Indeces Index 1 : Levels of Social Responsibility. Social commitment is the commitment of a business to meet its financial and lawful obligations. Social responsiveness, then again, alludes to the limit of a firm to adjust to changing societal
Robbins S, DeCenzo D, Coulter M, Woods M 2012, Management: The Essentials, 1st Edition, Pearson Australia, Frenchs Forest.
Corporate social responsibility (CSR) invaded the corporate world over the last few decades. This concept has become an essential need for competitive advantage unlike its original role as a nicety. The companies have seen the business benefit of the initiative and stakeholders have appreciated the initiative. This has led to the wide application in the firm’s operational agenda.
George, Jennifer M. "Chapter 12." Contemporary Management. By Gareth R. Jones 8e ed.N.p.: n.p., n.d. 366-400. Print.
Robbins, S.P., & Coulter, M. (2009). Management (10e ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
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.
Wee, H., April 11, 2002 “Corporate Ethics: Right Makes Might.” Bloomberg Businessweek, [Online] available from:
Robbins, S.P., & Coulter, M. (2009). Management (10th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
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
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.
Robbins, S, DeCenzo, D, Coulter, M & Woods, M 2011, Management: The Essentials, Pearson Australia, NSW, Australia, 1st Edition
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...
Shaw, W. H., & Barry, V. (2011). Moral Issues in Business (Eleventh ed., pp. 230-244).
The classical view of CSR is a prominent ideology which business organizations are seen merely as profit-driven organizations. Simply put, businesses work for the sole purpose of making a profit. Thus, this profit motive is the sufficient and unique social identifier that separates a business organization from other institutions in society. These business organizations have a limited, yet essential role in society. Social concerns are considered important, but businesses, in the classical view, are focused solely on the economic activities and are judged accordingly. By having a limited role in society (i.e.,...
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.
In this section of the report, I will be discussing the meaning of corporate citizenship. I will be explaining how companies can be considered good corporate citizens and taking into thought Corporate Accountability, Corporate Governance and the 3 Pillars of Sustainability, and why companies would need to change the audit model.