The Impact Of Corporate Social Responsibility On The...

Corporate social responsibility, often abbreviated as ‘CSR’ is an approach taken by corporate companies of different purposes of the welfare of their workers, customers and as well as paying attention to ecological maintainability and responsible advertising. The term ‘CSR’ started becoming popular since World War II and has been a subject of major debate over whether a firm should solely aim for making profits or also consider giving back to its society, therefore, corporate social responsibility should be voluntarily embraced rather than being enforced. This essay focuses on the positive and adverse effects of corporate social responsibility on the companies as well as its importance for the society. Corporate social responsibility has many positive influences as it promotes the organisation to act ethically which results in enhancement of relationship between customers, suppliers and workers. As they say, ‘Charity begins at home’, the first duty of the management is to ensure that all individuals associated with the company are satisfied and involved in advancements to differentiate the company from the competitors. Also corporates should practise ‘CSR’ in order to increase customer retention because it is strongly supported by the public and the company gets media exposure which gives a good reputation and benefits the company in the long run. According to Shrivastav(2014), ‘A 1997 studies by two Boston College management professors found that excellent employees,Show MoreRelatedImpact Of Corporate Social Responsibility On Company Performance And Profitability1949 Words   |  8 PagesThe aim of this paper is to highlight the impact that Corpora te Social Responsibility (CSR) has on company performance and profitability. It will also assess the role of CSR in business activities and in general the theoretical foundations as well as Corporate Citizenship. Furthermore this paper will assess the notion that implementing CSR activities positively affects the image of the organization and can thus boost consumers’ attention and commitment to the organization, which leads to better financialRead MoreThe Impact Of Corporate Social Responsibility On Business1626 Words   |  7 Pages In contrast, this research shows that the impact of corporate social responsibility can extend beyond public relations and customer goodwill to influence the way consumers evaluate a company s products. Specifically, this research documents that acts of social goodwill--even when they are unrelated to the company s core business, as in the case of charitable giving--can alter product perceptions, such that products of companies engaged in proso cial activities are perceived as performing betterRead MoreCorporate Social Responsibility ( Csr ) Encompasses Business Practices Involving Actions988 Words   |  4 PagesCorporate Social Responsibility Corporate social responsibility (CSR) encompasses business practices involving actions that benefit the organization and the stakeholders, which comprises of the society (Schermerhorn, 2012). â€Å"CSR is becoming more mainstream because pioneer companies are embedding sustainability into the core of their business operations to create shared values collectively for business and society.† - Liz Maw Understanding Microsoft’s Corporate Social Responsibilities MicrosoftRead MoreCorporate Social Responsibility On A Social Level1086 Words   |  5 Pagesthis paper is to understand how a large progressive company operates in the corporate world as well as fulfills their corporate responsibility on a social level. While corporate responsibility is important, it is always viewed through the fiscal viability dimension of the maelstrom. The business case dominates the representation and operationalization of corporate responsibility. Due to the increased public sensitivity to corporate responsibility, the attitude has evolved from the unnecessary intrusionRead MoreCsr in the Hospitality Industry1293 Words   |  6 PagesStillwater September 29, 2009 Corporate Social Responsibility in the Hospitality Industry Introduction Corporate Social Responsibility (CSR) has progressively become known as a germane issue in the corporate world for the past decade. Making the world a better place, socially and environmentally, is a global accepted phenomenon. According to Porter Kramer, 2006, â€Å"corporate social responsibility has emerged as an inescapable priority for business leadersRead MoreCorporate Social Responsibility779 Words   |  4 PagesPolytechnic University of the Philippines Sta. Mesa, Manila College of Business Submitted by: Ramizares, Riza Marie M. BSBA HRDM 4-6N Submitted to: Professor Celso D. Torreon Corporate Social Responsibility Corporate Social Responsibility * Organizational Culture is the behavior of humans who are part of an organization and the meanings that the people attach to their actions. Culture includes the organization values, visions, norms, working language, systems, symbols, beliefsRead MoreCorporate Social Responsibility Definition1011 Words   |  5 PagesThis research study is about what the Corporate Social Responsibility (CSR) is, how people define and how I understand this term? According to my research and observations, CSR does not have only one and constant definition. I have read a lot of definitions of CSR and in fact, they are similar but not the same. Briefly, definition and understanding of CSR depends on person to person. Thus, I am going to talk about definitions of the CSR and I will define my own perspective about the CSR. Read MoreSocial, Cultural and Environmental Responsibility of Corporate Business Leaders1482 Words   |  6 PagesIntroduction Corporate social responsibility is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholdersRead MoreSouthwest Airlines : Corporate Social Responsibility809 Words   |  4 PagesAirlines In today’s competitive market, consumers look to companies that not only provide outstanding service and goods, but also, a business that recognizes taking care of its employees, stockholders, consumers and the community as a priority. One company that is consistently recognized for their corporate social responsibility initiatives is Southwest Airlines. Southwest is a successful organization that perfectly blends operational focus with social obligations which translates into increased revenueRead MoreCorporate Social Responsibility : Csr923 Words   |  4 PagesCorporate Social Responsibility Introduction Corporate Social Responsibility (CSR) is part of the reality of doing business. CSR is also known as corporate science, corporate citizenship or responsible business. CSR is important for both business as well as society. CSR is all about how a company is able to show and manage its positive impact on the society. CSR is able to earn its own name in the world of business. The importance and significance of Corporate Social Responsibility is increasing The Impact Of Corporate Social Responsibility On The... Introduction Corporate social responsibility is not a new concept; it has evolved significantly, and presently it contains a number of terminologies, theories, and approaches. Nevertheless, one of the main issues that arise in this concept if the theories mix approaches, which use words that have different meaning and motives (Adolphson, 2004). This paper will thereby discuss and present theories of Corporate Social Responsibility in the context of ethical or normative and instrumental motivation. The paper will discuss CRS in both perspectives, which are ethical or normative perspective that mainly focuses in developing a better society, while instrumental perspective mainly centers its ideas on achieving economic objectives by creating social activities. From a normative perspective, the theory argues that the relationship that exists between the society and businesses is essential to ethical values. Therefore, from this point of view, businesses should accept Corporate Social Responsibility as an ethical obligation more than they should any other consideration. On the other hand, in instrumental perspective, Corporate Social Responsibility is a platform for the business to make profit, therefore, only the economic aspect of the interaction in this case is measured between the society and the business (Donaldson, Preston, 1995). Primarily, the paper will base its argument on whether it is wrong for businesses to undertake Corporate Social Responsibility activities forShow MoreRelatedThe Cultural Dimensions of Hofstede Essay2236 Words   |  9 Pagesrelationship between attitudes to corporate social responsibility (CSR) and Hofstede Hofstede’s cultural dimensions of business activity. The authors found the limitation of the current studies which only analyzed the CSR within one country or within one cultural group, so that they attempted to do some research on this field by considering the issues in more than one country. Then, the volume of CSR was categorized into four distinct models: the instrumental and private wealth creating modelsRead MoreCsr Theories13535 Words   |  55 PagesCorporate Social Responsibility Theories: Mapping the Territory Elisabet Garriga, `  ´ Domenec Mele ABSTRACT. The Corporate Social Responsibility (CSR) ï ¬ eld presents not only a landscape of theories but also a proliferation of approaches, which are controversial, complex and unclear. This article tries to clarify the situation, ‘‘mapping the territory’’ by classifying the main CSR theories and related approaches in four groups: (1) instrumental theories, in which the corporation is seen as onlyRead MoreCorporate Social Responsibility: Historical Perspective, Implications, Role, and Prospects and Governance in Bangladesh3395 Words   |  14 Pagesgoverning the passing of benefits and burdens of freehold covenants should be enunciated. Explain and illustrate. 1 .Introduction: The first question that needs to be answered is ‘what do we mean by corporate social responsibility or CSR?’ Corporate social responsibility can be defined as â€Å"the behavior that society commonly expects of businesses in matters of public concern.†[1] . One view of CSR suggests that the efforts of the firms should be intended exclusively for profit makingRead MoreDeveloping A Sustainable Business Practices Essay2052 Words   |  9 PagesGlobally, organisations are being pressurised to adopt sustainable business practices to mediate the impact on the environment in regard to issues such as climate change, population growth, poverty and resource depletion (Gladwin, Kennelly, Krause, 1995). The way different organisations and industries integrate sustainable solutions into strategies, systems and technology, is dependant on their particular structure and individual culture (Stoughton Ludema, 2012); in addition to the internal andRead MoreLiterature Review on Business Ethics6430 Words   |  26 Pagesrelation to leadership, managerial decision making, corporate social respo nsibility and overall corporate structure. Increased corporate scandals and the discovery of a rise in unethical business practices have thrown the topic of business ethics into the spotlight. Organizations are expected by their stakeholders to implement strong ethics within their corporate structure and culture. This expectation could be accomplished through strong ethical leadership, formal structures and regulations thatRead MoreA Responsibility Of Business Society : A Review And Issues Essay2042 Words   |  9 Pages Research Paper on A Responsibility of Business to society: A Review and issues Abstract: Corporate Social Responsibility (CSR), a concept that has been around for well over 50 years, has become prominent again recently. Peter Utting (2005) notes that an increasing number of transnational corporations (TNCs) and large domestic companies, supported by business and industry associations, are adopting a variety of so-called voluntary CSR initiatives that incorporate, for example, ‘codes of conduct;Read MoreCorporate Social Responsibility ( Csr ) Essay2075 Words   |  9 Pages Abstract: Corporate Social Responsibility (CSR), a concept that has been around for well over 50 years, has become prominent again recently. Peter Utting (2005) notes that an increasing number of transnational corporations (TNCs) and large domestic companies, supported by business and industry associations, are adopting a variety of so-called voluntary CSR initiatives that incorporate, for example, ‘codes of conduct; measures to improve environmental management systems and occupational health andRead MoreCorporate Social Responsibility10163 Words   |  41 PagesCORPORATE SOCIAL RESPONSIBILITY By Lori S. Mohr-Corrigan, For The Paper Store -  © October 1999 VISIT www.paperwriters.com/aftersale.htm -- for more information on using this paper properly! Because society is fundamentally based upon performance and profit, it is not unusual to find that it is necessary to impart a sense of corporate social responsibility with regard to contemporary commerce. The ethical approaches of purpose , principle and consequence are integral components of business social performance;Read MoreCorporate Social Responsibility Essay3287 Words   |  14 Pagesthat people have become more conscious of the ethical and social responsibilities of business over recent decades, suggesting that the modern businesspeople should not only consider about profitability but also extent to what they can contribute to the whole society. A quote by Anita Roddick generally demonstrates the spirit of being ethically and socially responsible: â€Å"The business of business should not be about money. It should be about responsibility. It should be about public good, not privateRead MoreAnglogold Ashanti: Analysis of Csr Strategy6695 Words   |  27 PagesAngloGold Ashanti An Analysis of CSR Strategy Performance Essay 1 By: S. BLIDI ELLIOTT Index No.: EMBA 10110042 Course: Ethics, Social Responsibility and Governance Course No.: EMBA 663 Lecturer: Dr. Judy N. Muthuri Date: September 28, 2012 Word Count: 5,709 This essay is the first of a two-part series critically examining the corporate social responsibility (CSR) strategy and performance of AngloGold Ashanti (AGA). This first essay analyses the company’s CSR strategy and activities against