Corporate social responsibility
Companies are facing increasing pressure from investors, consumers, and the society. For investors, they are required to increase profits while consumers and the society require them to be socially responsible. Scholars have studied corporate social responsibility for years and over the years, they have documented their findings concerning social responsibilities of corporations. Over the years, consumers have built the typology of unresponsive to highly responsive purchasing in response to corporate social responsibility. Unilever and alt Disney are examples of companies that have had corporate social responsibility in their cultures since their early years. These companies have benefited from being socially responsible by gaining increased publicity and responsive purchasing from consumers. Their profits have also increased considerably because of taking care of their social responsibilities. Companies should embrace corporate social responsibility in order to conform to the unavoidable concept of social purpose of the corporation.
Introduction…… [Read More]
Social responsibility is subject of considerable debate. For not-for-profit organizations, their responsibility is defined by their mandate. Their donors set this mandate, or at least they accept it. It is actually not much different in for-profit entities, except that the general perception is that earning profit is not socially responsible, whereas the activities of not-for-profit entities are generally considered to be socially responsible.
For a for-profit entity, there are two schools of thought. Now, Friedman (1970) makes a fairly coherent case that the social responsibility of business is to increase its profits. Simply stated, business exists to earn a return for its shareholders. When people donate to a not-for-profit entity, they expect that entity will perform certain acts, and it is the same with respect to for-profit entities. People are investing in those companies to earn a return, and therefore the role of management is to focus on earning that…… [Read More]
Types of people who live in the community in regards to the overall type of individuals who live within the community, the demographics vary considerable. However, the underlying values and principles that govern the population remain relatively homogenous. For one, many of the individuals on the base are military oriented or have some affiliation with the principles embedded within the military. The virtues of honor, respect, integrity and so forth, have a profound influence on the overall community. In addition, the community has a very deep respect for authoritative figures. This respect ultimately correlates directly with socially responsibility. In many respects, the community feels obligated to give to the communities in which it serves. This obligation provides ample incentive for the member of this community to give willingly of both their time and money. Even more compelling, is the sense of honor embedded with the Edwards Air Force…… [Read More]
Social Responsibility: The Container Store
The Container Store
Social responsibility is defined by the small business encyclopedia as acting with concern and sensitivity, aware of the impact of [one's] actions on others, particularly the disadvantaged.[footnoteRef:1] This definition therefore implies the fact that a business must, perhaps above all else, respect and reward its employees. The case study below will focus on a thriving enterprise, and will thus describe the social responsibilities that the Container Store has, as well as how these relate to individuals within the organization and what issues can come along the way to challenge or help meet these responsibilities. [1: Social Responsibility. (2011). Small Business Encyclopedia. Retrieved October 22, from .]
The store was created by two individuals in the late 1970's, and was, needless to say, a struggling enterprise at first. However, with hard work, the Container Store has come to bring in almost…… [Read More]
Company Q. appears to have allowed the fear of corruption, particularly fraud and theft, on behalf of their employees to get in the way of their contributing to the greater good. It would appear that if management has concerns regarding employee theft then this issue should be addressed through theft prevention programs rather than an avoidance of engagement in activities that may or may not result in theft by employees. The donation process could be structured in such a way to safeguard against fraud and would provide assistance to many community members who cannot afford food.
While trying to listen to their consumers, Company Q. decided to bring in health conscious and organic products, yet the products that they have chosen are high end and therefore not affordable to many of their customers. On the one hand Company Q. attempted to be attentive to the needs of their customers yet…… [Read More]
However, it's a social factor and the chance for the issue draw closer devotion on cooperation in that stipulation the chap by no means fall the twenty dollar invoice and making ethical decision is not even needed in this situation. In addition, the system of principles approaches in beneath our communal issue. Formerly the chance factor has been bringing in as an individual in an employment place the surroundings that have a system of principles to direct us as a communal factor. These regulations are shaped as guidelines. All of these can direct an employee when the strategy of moral is not available or simply when the strategy does not wrap up all the portions that an employee might hurry into it. These problems come into what is desirable to clarify human responsibility part of socially responsible morals.
However, many libertarians state that there is no social responsibility to do…… [Read More]
Company Q's current attitude towards social responsibility is not positive. Social responsibility is "an obligation, beyond that required by law, for a business to pursue long-term goals that are good for society" (Riley, 2012). Company Q. has not demonstrated through any of its actions or policies that it subscribes to this philosophy. Its current approach demonstrates the company's policy with respect to the food bank is of particular concern, because there is no economic value associated with throwing that food away. It is evident that the company's excuse for not donating is quite flimsy, and any such concerns could easily be controlled by the company. There is no ethical issue with closing the stores, as the company has to operate profitably. Closing a store should be based on the long-run economics of the location. The company likewise does not get any credit for offering organic products, because that…… [Read More]
(Chandley, 2010) In the case of RJ Reynolds, they have become involved in very little social responsibility. This is because, they consider these regulations to be a burden with them claiming that the sector is the most regulated in the industry. As a result, RJ Reynolds could learn from Philip Morris by implementing programs to reduce the number of minors using their products and promoting efforts to help people quit. ("Law and Taxes," 2011)
How is the ethical company using different media channels to promote their good deeds? Are they sincere?
As far as Philip Morris is concerned, they are utilizing: the television, radio, print advertising and the Internet to promote their different socially responsible activities. In this aspect, the company is sincere based on the total amounts of programs that are available While, RJ Reynolds is only using the Internet to: highlight the dangers of their products. This corporation…… [Read More]
Social esponsibility Strategy
Veolia Transportation Company ensures the improvement of livelihood of people living in various cities, in America. The company offers high quality and environmentally friendly transportation services to the people. The company operates in cities, airports, universities and companies. Clients sought for Veolia services in operating their transport systems. Throughout the years, Veolia has been a leading transportation company in North America. Its contribution to the transport system has improved mobility of people within cities by providing multiple transportation systems to ease congestion and lessen time spent in travelling. Consumer need satisfaction should be the goal for any business on the planet
Citizens today face many challenges; an increase in gas prices and congestion due to population increase and even due to oppressive policies. Veolia comes in to improve the mobility of passengers in North America by offering appealing transportation solution that assist passengers move to their preferred…… [Read More]
The industry states that testimony about grief is only appropriate to a trial and to allow victims families to participate in the activities of the NTSB would be a "gold rush" plaintiffs' lawyers became part of the investigations" (Alvarez 1999:2). Even if victims' families did not initially think anything on the fault of the airlines had transpired, their lawyers would encourage them to believe so, and approach supposedly objective research like private investigators rather than scientists. In short, including alternative voices and interests would not promote objectivity either and advance the public good in creating a socially responsible airline industry, even though the adversarial process is admittedly part of the American trial system.
After all, the argument goes, a hearing is not supposed to be a trial, it is supposed to be fact-finding mission. "It promotes a rush to sign up clients...It's not good public policy. Families inherently do not…… [Read More]
There is a good case to be made for focusing on externalities and seeking to manage all of them in a social responsible manner, especially as the world becomes globalized and the key success drivers become relationships and information.
Mintzberg, H. (1994). The rise and fall of strategic planning. Harvard Business Review. Retrieved May 16, 2010 from http://online.worcester.edu/external/evescio/Principles%20of%20Management/strategicplan.pdf
Friedman, M. (1971). The social responsibility of business is to increase its profits. New York Times Magazine. Retrieved May 16, 2010 from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
De Toni, a. & Tonchia, S. (2003). Strategic planning and firms' competencies: Traditional approaches and new perspectives. International Journal of Operations and Production Management. Vol. 23 (9) 947-976.
ettstein, F. (2010). For better or for worse: Corporate responsibility beyond "do no harm." Business Ethics Quarterly. Vol. 20 (2) 275-283.
Peng, M., ang, D. & Yi, J. (2009). An institution-based view of international business strategy: A focus on…… [Read More]
A capitalistic society that provides open and free competition did not bring about Enron and similar debacles. It was the second part of Friedman's statement: "without deception or fraud" that led to such situations. It was the greed of several individuals who misreported their profits to get a larger part of the pot. Unfortunately, there will always be individuals like this -- it is human nature. That does not make the whole system corrupt. One can say that the competition inherent in the capitalistic enterprise encourages such behavior. Hoarding by one of the cave dwellers would never work. The hope is that lessons are learned from situations such as these -- that nothing works perfectly.
ichard E. Hattwick, professor at Western Illinois University and co-founder of the American National Business Hall of Fame concludes:
competitive market situations encourage the reasonably high standard of business ethics called the ethic of justice.…… [Read More]
Corporate Social esponsibility
Today's society is very much a corporate society where power is centered at many of corporate centers. Corporations are seen more than just tools and methods of living, but rather this way of life dictates the lives of millions as this system provides jobs and employment as an outlet of societal contribution. As a result of the deep and profound impact on society, many wonder what is the long-term effects of a corporate society and what benefits, if any, are available?
This line of questioning eventually leads to the idea of corporate social responsibility and the ethical and moral approach of the corporation within the human culture. The purpose of this essay is to describe the idea of corporate responsibility and examine it through the use of corporate philanthropy as a useful and practical method of success and benefit. The profitability, both long-term and short-term, will be…… [Read More]
Chapter 7 in Dickson, Loker and Eckman's Social Responsibility in the Global Apparel Industry is entitled "How Manufacturers and Retailers Organize for Social Responsibility: Internally, Collaboratively, and Strategically." The chapter is about how businesses define and practice labor compliance, and how they turn social responsibility into a core business strategy. The authors suggest that public reporting and transparency about corporate social responsibility is one of the ways that businesses strategize social responsibility in general. Businesses also incorporate labor compliance models into their sourcing decisions.
The information in Chapter 7 builds on previous chapters related to organizational learning and change as it applies to shifting towards corporate social responsibility. Therefore, the theories and models discussed and used include those related to organizational learning and change. The five stages of learning that were addressed immediately prior to the Chapter 7 overview include defensive, compliance, managerial, strategic, and civil stages of…… [Read More]
Nike vs. Coca-Cola's sense of Corporate Social Responsibility
"ouldn't it be nice," to use the first words of Coca-Cola's popular advertising jingle, to find that these two popular American companies, Nike and Coca-Cola, were paragons of social responsibility? Or, if one is of a more anti-conglomerate and anti-capitalist turn of mind, wouldn't it be nice to find that the picture of harmony, of all the world being taught to sing in perfect harmony were a lie? In fact, neither is true -- the legacy of social responsibility of both Nike and Coca-Cola is a mixed one, although Coke's abuses, when they have occurred, have been more apt to be denied by the company, while Nike as a more internationally focused company, with a less 'family friendly' image has thus had more of an incentive to be open about its transgressions.
For instance, according to a November 13, 2004 report filed…… [Read More]
Social esponsibility and Ethics
Evaluate Company Q's current attitude toward social responsibility.
Company Q. has a negative attitude towards social responsibility. This is because it believes that there is the potential for fraud and losses. In this situation, the management feels they must proceed with caution. This is from a perception about these programs not producing any measurable results in comparison with their costs. Over the course of time, this will more than likely not make a difference. To prevent these outcomes, executives believe the best approach is to avoid these programs at all costs.
ecommend three actions that Company Q. could take to improve the company's attitude toward social responsibility.
Three actions that could improve the company's attitudes are to establish an exploratory committee, test certain programs and analyzing the impact it is having on everyone. An exploratory committee has the responsibility of looking at a program and…… [Read More]
functions of management, planning, organizing, directing and controlling, to which we will add commanding and coordinating, as subsidiaries of the directing and controlling functions, we will easily arrive to the conclusions that the first two functions refer to the company's strategy, to the manager's role in determining a strategic vision for the company and the ways it should follow into the future, while the two latter, corroborated with the subsidiary functions, refer to the human resource management.
In the 21st century, a proper human resource management often makes the difference between the success of the organization, especially as a business entity, and its failure. It has become more and more determining for the company's success the way it chooses and it succeeds to properly utilize the human potential it has in its ranks. Quite so often, it is less a question of financial investments one can make, but more a…… [Read More]
.....ethical plan and strategy is integral to an organization's overall commitment to social responsibility. In "Marketing Ethics and Social Responsibility," Marinova (2013) first discusses the general importance of ethics as a general marketing strategy, in order to promote the brand as one that is socially responsible and thereby position the organization not just ethically but also strategically within the marketplace. Next, Marinova (2013) defines terms related to ethics and corporate social responsibility to help organizations to identify their weaknesses in these areas and make strong commitments to change and revising their ethical policies, particular in marketing. Moreover, the author offers some of the direct marketing solutions related to specific issues like false advertising and the sale of potentially harmful products from toys containing lead paint to food products containing items known to cause obesity or other diseases. The tremendous strengths of the Marinova (2013) article are only partially offset by…… [Read More]
However, a corporate executive, according to Friedman, would have to spend other people's money for a general social interest, by means of reducing returns to stockholders, lowering worker wages, or raising the price of products. However, herein lies the basic flaw of this author's reasoning, for the social responsibility of the business as it falls on the executive is to make sacrifices for the benefit of others. In a position of such power, a business executive needs to make policy decisions that might actually cut into his own profits, as opposed to the wages of the workers or the wallets of the consumers. While this author may argue that the only responsibility of the business is to make profits using all available resources, engaging in open and free competition without fraudulent activity, a business is a controllable extension of those who own and run it, and just as we have…… [Read More]
CS in Saudi Arabian Banking
Social esponsibility: Attitudes, Actualities, and Possible Areas of Advancement in Saudi Arabian Banking
The global financial system has become increasingly smaller and more complex, with individual countries and their financial and banking infrastructures more intertwined and mutually dependent on each other. Because of this, understanding the role that banking systems and entities play in the social and political spheres is essential for policy makers and for individuals working in the banking sector. Of special importance are the social responsibilities that are borne by banks and the banking industry, which can vary greatly from country to country, based on a multitude of factors. The research described and proposed herein will yield a greater understanding of how these responsibilities are viewed by bankers in Saudi Arabia.
Scholarship on Saudi Arabia's banking industry has focused almost entirely on the financial implications for the country and the globe of…… [Read More]
college education, learning and practicing the social responsibility and the significance of inculcating a strong sense of social responsibility in college students.
Man's main task in life is to give birth to himself, to become what he potentially is. The most important product of his effort is his own personality"- Erich Fromm.
This personality is shaped and refined through the enlightenment gained through education, personal experiences and personal efforts to ameliorate one's personality by tapping the dormant talent and by adhering to the learned moral and social values. In order to keep our values intact for the rest of our lives and to become what we potentially are education is a must, for mentors at all levels inculcate a strong sense of discipline and responsibility in the college-going students, qualities that facilitate them in being productive and successful citizens.
Where educational institutions fulfill their social responsibility by providing various facilities…… [Read More]
Social esponsibilty Strategy for Community
Social esponsibility Strategy for Community Hospital
Corporate Social esponsibility
The following is a fictional plan of that will describe the development of a fictional Hospital's Corporate Social esponsibility initiative. It will include things such as the philanthropic, community and environmental benefit that document Alexandria Hospital's commitment and concern in regards to the welfare of their employees and the patients that they will serve, in the community development and health, human rights, enabling people through education and material, public reporting and transparency, business ethics and providing a community benefit (ohini & Mahadevappa, 2010).
Community Benefit and Free Care
Alexandria Hospital will bring great benefit to the surrounding communities in order to be able to serve in countless methods, the hospital has future plans of giving nearly $923,000 in Community Health Improvement Services, supporting the care that will be provided to patients who are covered…… [Read More]
NHS Corporate Social esponsibility Practice
In a contemporary business environment, organizations are struggling with the new roles to meet the needs of present generation without compromising the needs of future generation. Within a business environment, stakeholders are calling upon corporate organizations to implement operations that will meet the societal values and the natural environment. Organizations are also being called upon to apply principles of corpo-rate social responsibility (CS) in the business operations. Corpo-rate social responsibility (CS) is the process where corporate organizations demonstrate the inclusion of social responsibility and environmental concerns in their business activities. (D'Amato, Henderson, & Henderson, 2009). It is no longer acceptable for a firm to conduct business without demonstrating societal concern.
The objective of this report is to evaluate the current Corporate Social esponsibility practice of National Health Service (NHS). The report uses Carroll's pyramid models to demonstrate the effectiveness of NHS Corporate Social esponsibility practice,…… [Read More]
Corporate ocial Responsibility: Bowen and Carroll
Howard R. Bowen was the founder of the concept of corporate social responsibility. In his book "ocial Responsibility of the Businessman," Bowen argued that business was a major force that touched the lives of numerous individuals. ince business was inextricably and continuously involved in processes of judgment and decision-making, many of their proposals and assertions touched the lives of vast numbers of citizens. These included not only employees of the firm but also their families, acquaintances, and so forth. The larger the firm, therefore, the more corporate responsibility, accordingly the industry had in regards to the decisions that it formulated. As Bowen asked: "What responsibilities to society may businessmen reasonably be expected to assume?" (p. xi). And he responded:
"It refers to the obligations of businessmen to pursue those policies, to make those decisions, or to follow those lines of action which are desirable…… [Read More]
Corporate Social Responsibility
Corporate Social Responsibility (CSR) has recently reached an unprecedented level of salience with the emergence of global protests that seem to be driven in a large part by concerns over social issues such as equality as wells as environmental issues such as the regulation of greenhouse gas emissions. Although the protestors are occupying various parts of the world for a plethora of mixed motivations, it is reasonable to speculate that much of these individual motivations are embodied in the concept of CSR. The concept of CSR covers a lot of ground but there are two core principles that account for most of the commentary.
The first concept embodied within the notion of CSR is in respect to the manner that people are treated. Under classical models this would only include investors, customers, and internal employees. However the CSR approach includes all stakeholders locally, regionally, or even…… [Read More]
Ethics, Values, Social esponsibility
Bailout of Banking Industry in United States
Ethical Compliance by Banking Industry
It is quite common in American history that government comes for the rescue of companies and organization in the time of financial crisis. General motors' acquisition was one such example where saving GM meant saving the nation. When Government takes measure for the welfare of any segment of the economy, it then becomes responsibility of the organizations that they comply with social responsibility and ethical standards so that it should respond to its social character and use the benefits provided by the government in the honest fashion. The recent bailout of banking sector by U.S. government, and the misappropriation and misuse of these funds, have raised a big question mark on the compliance to ethical standards by the bank.
United States government has a long history of bailing out its financial institutions. Some of…… [Read More]
Apple's Current Position On Its Ethical And Social esponsibilities
Corporations are increasingly seeking a vision in maintaining social responsibility alongside a vision in business. There are also demands for greater accountability and transparency in corporate actions of organized consumers, state representatives and grass movements (Garsten, 2003). Many corporations aim to engage in corporate citizenship and to be socially responsible by adhering to social accountability standards and voluntary codes of conduct. This essay endeavors to examine Apple's current position on the social and ethical responsibilities and to determine whether it has met the responsibilities. The study also determines the impact caused by the violation of ethics and social responsibilities among Apple's suppliers.
Current Position on the Company's Ethical and Social esponsibilities
Corporate Social esponsibility comprises of actions that are not required by the law, but extend beyond the transactional interest of companies and further social good. CS is often used to…… [Read More]
Balanced Business Ethics
Ethics and Social esponsibility in Strategic Planning
Business ethics may be much easier to understand in the hypothetical world of academia than they are to apply on behalf of business organizations in the real world of business. That is particularly true when doing the proverbial "right thing" comes at substantial financial costs to the organization. On one hand, the needs and agendas of shareholders and other stakeholders in the business of the organization are among the most important considerations in business planning. On the other hand, some of the decisions that are in the best interests of shareholders and other stakeholders in the business of the organization necessarily come at the expense (or at great risk in other respects) of other entities. Strategic planners have fiduciary and due diligence (and other) responsibilities to maximize profit and to benefit the organization in other ways. Meanwhile, those responsibilities frequently…… [Read More]
Likewise, public policies ranging from immigration to the war on drugs and the de-institutionalization of persons with mental illness also have a substantial impact on local corrections (Stinchcomb and McCampbell, 2008).
The key to running a successful correctional institution is building an organization that is capable of good strategy execution. These types of facilities have a social responsibility not only to the prisoners that they house but also to the community in which they are located. They way in which they can do this is to make sure that the employees within the facility are prepared to deal with they things that are going to go on within the facility walls. The overall goal of a correctional facility is to rehabilitate inmates into socially responsible citizens that can be returned to society in order to be productive members.
The occurrence of doing jail time can be life changing for those…… [Read More]
Additionally, it has been observed that whenever companies implement strategies of CS, they do this not out of individual choice and desire, but as a result of imposed legislations. "All of these decisions are made under the mandatory legal rules embodied in employment and labor law, workplace safety law, environmental law, consumer protection law, and pension law. Such rules, because they often apply to all businesses, are not susceptible to easy evasion through choice of form. As a result, those charged with governing a corporation find their decision tree considerably trimmed and their discretion decidedly diminished by mandatory legal rules enacted in the name of protecting stakeholders" (Winkler, 2005). In other words, the modern day evolutions of corporate social responsibility "caution against a rush to declare the ultimate triumph of shareholder primacy" (Winkler, 2005).
As a direct result of this changing legislation, more companies have commenced corporate social responsibility programs.…… [Read More]
This kind of competition can prove to be more effective than governmental regulations since firms are reluctant to follow government mandates.
Secondary research has been used as the main tool. Important journal articles, case studies and analyses have been included to understand the concept of CS and its use in gain competitive advantage.
ANALYSIS and DISCUSSION
Social responsibility is closely connected with concern for financial growth. According to this belief, firms seek to maximize their profits by investing in a healthy environment and other public good projects. The firms that have successfully attained the prestigious image of being socially responsible follow this ideology. These firms choose to be more socially conscious not because of any real intention of creating a healthier society but because their actions seem to influence buyer behavior in a positive manner. Companies are thus rapidly developing serious CS policies with exclusive departments dealing with this.…… [Read More]
Corporate Social esponsibility
I attaching assignment paper write essay CS.
Given the heightened level of international operations and globalization, pressure is mounting for corporations to behave ethically. Corporations are forced to developing standards, policies and behaviors as a demonstration of their sensitivity to concerns of stakeholder. The policies behaviors and standards are what a European commission called corporate social responsibilities. The Commission defined corporate social responsibility (CS) as "a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis" Commission, 2001.
Complementing this definition, McWilliams and Siegel. (2001)
, said CS include all actions that are intended to forge, beyond the firm's interest, a social good, and is a requirement in law.
Composition Corporate Social esponsibility
Corporate social responsibility entails coming up with solutions specific to a society. The corporation is however, not forcefully charged with an…… [Read More]
AES Vision Social esponsibility |
AES's vision social responsibility
Social responsibility is one of the corporate values at AES (others being fun, fairness and integrity). The founders of the company oger Sant and Dennis W. Bakke were intent on providing clean, safe and reliable electricity even if it meant that profits were sacrificed. It was identified that AES contributed towards global warming by emitting CO2 from fossil fueled plants and thus steps were taken to mitigate this impact by investment in control technology and funding projects such as those of planting trees.
However in recent times AES has been forced to reconsider its strategy for social responsibility. With the expansion of the business in developing countries in the 1990's the company found out that although global warming is an important issues there are issues of far greater significance that require immediate attention such as provision of quality education, hunger, poverty,…… [Read More]
Public elations (Corporate social responsibility)
The term 'Corporate Social esponsibility' refers to the social responsibility that a Company must honor towards the public, especially those people who have direct contact with and are therefore directly affected by the policies and actions of the company. The feeling that the social responsibility of multi-national companies are not of such standards that would satisfy the general public has lead to widespread protests and demonstrations against these companies at almost every free-trade meeting at the regional and national as well as the multi-national levels. The protests are also generally against worldwide globalization. Almost all major multinational companies are found lacking in their responsibilities towards the public. It is not at all sufficient for a company to satisfy its shareholders and investors and employees and the community in which they function from; in fact, these companies are expected to be aware of and take an…… [Read More]
Both proposals were consequently amended and eventually accepted by the SEC.
The audit committee makes sure that the books aren't being cooked and that shareholders are properly informed of the financial status of the firm. Characteristically, the audit committee advocates the CPA firm that will audit the company's books, appraises the activities of the company's independent accountants and internal auditors, and reviews the company's internal control systems and its accounting and financial reporting requirements and practices. The compensation committee usually does the following: (1) recommends the selection of the CEO, (2) reviews and approves the appointment of officers who report directly to the CEO, (3) reviews and approves the compensation of the CEO and the managers reporting to the CEO, and (4) administers the stock compensation and other incentive plans. The suggested committee establishes experience for potential directors (Lunnie, 2007; pg. 90). It also puts collectively a list of candidates…… [Read More]
In these cases, others working in those fields are the only ones who have the ability to conduct quality check to verify instances of possible fraud. Qualified doctors can analyze the work of other doctors to attest their medical malpractice. An honest lawyer who deals with related issues can understand how a fellow lawyer could have used deceitful methods to cheat a client off his money. Proficient lecturers can set good examples for students to bring out the incompetency of others. In the managerial level, well qualified professionals are the only ones who are smart enough to figure out the plots hatched by higher executives in order to use the shareholder money for personal needs. Scams in the political sector can only be challenged by opposing political parties or powerful entities like the court. The media is highly potent in this regard as they present malpractices in front…… [Read More]
Governmental CS policies do not only assist consumers or organizations, they assist both the consumer and the organization (The Impact of Government egulations on Corporate Social esponsibility - How Government Policies Shape CS, 2009).
It is often said that international environmental laws do not differ from one another. European environmental regulations are very similar to the U.S. environmental laws. The United States Environmental Protection Agency has set up a database that contains all of the contaminated lands in the U.S. This database includes existing and formerly contaminated lands. The European Union, especially France has also put into place databases to track existing and formerly contaminated lands within France. These efforts are there to protect the public from coming into contact with contaminated lands. International governmental environmental policies do not differ from one another in the fact that they all seek to protect the public and the organizations (The Impact of…… [Read More]
" (Kotler and Lee 2005, p.3). Since this study was published, the contributions have steadily increased making CS an integral part of every major company today.
A report by Price Water Cooper House in 2010 shows that the CS initiatives and reporting has increased despite the sagging economy and this points to a positive change in the mindset of the management of companies. "PWC explains that such reports have become critical to a company's credibility, transparency and endurance." (Business & the Environment 2010, p.5). The reduced role of the Government in business circles is only going to further increase this trend because companies feel they have an obligation to the society at large and they want to make this country a better place for living. All this is done out of their own interest and initiative rather than any force by any external institution. Also, many companies understand the significance…… [Read More]
Pizza Hut has also managed to open franchise stores across Iraq and they could also pose serious competition. But there also exists the chance that the Iraqi consumer will not make a major difference between the American fast food stores, but will compare them to the local food providers in the street. This would also bring about serious competition.
4. McDonald's Social esponsibility
McDonald's corporate website presents the user with a wide variety of reports on their implemented social responsibility practices. These include the employment practices, relationships with the suppliers, animal and environment welfare, corporate giving or educational programs and scholarships as well as the promotion of a healthy life style or the continual support offered to the development of the communities where McDonald's operates. The primary aim of these programs is to help the company better adapt and function in accordance to the changes affecting the micro and macro…… [Read More]
ights vs. Social esponsibility
The very nature of business implies that the individual has the right to run a business in order to generate as profit. This aspect is aligned with the democratic ideal of personal and individual freedom. The emphasis in business is therefore on individual motivation and the freedom to achieve success in that particular field of business.
However, modern business ethics also require a degree of social responsibility on the part of the individual. This means that the individual in the pursuit of his rights should not infringe or transgress the rights of the society or the community in which he or she functions and runs a business.
Individual rights refer to the liberties of each individual to pursue life and goals without interference from other individuals or the government. Examples of individual rights include the right to life, liberty and the pursuit of happiness…… [Read More]
Employees as Benefactors of Corporate Philanthropy
Corporate Social esponsibility
The Case for Employees as Benefactors of Corporate Philanthropy
The Case for Employees as Benefactors of Corporate Philanthropy
A United Auto Workers unionization vote recently made the news, in part because the vote was taking place in the Southeastern United States where conservative state legislators have historically treated organized labor with hostility, but what seemed to be most newsworthy about this event was that the corporation, Volkswagen, decided to take a neutral position (Paresh, 2014). The vote took place last week and workers at the Chattanooga, Tennessee plant decided to reject union membership by a narrow margin. The national news media also took note when several conservative Tennessee politicians remained true to their anti-union ideology by threatening to end subsidies for Volkswagen and to push production of a new vehicle to Mexico. Experts in labor law believed these threats were coercive…… [Read More]
Islamic economics extends these into the basics of investment for new venture creation, which is another aspect of Islamic accounting that specifically has been focused on from an economic growth perspective (Choudhury, 2001, 31-33).
Guido Berens, Cees BM van iel, Johan van ekom. 2007. The CS-Quality Trade-Off: When can Corporate Social esponsibility and Corporate Ability Compensate Each Other? Journal of Business Ethics 74, no. 3
September 1): 233-252. http://www.proquest.com (Accessed January 24, 2009).
Masudul Alam Choudhury 2001. Islamic venture capital - a critical examination. Journal of Economic Studies 28, no. 1 (January 1): 14-33. http://www.proquest.com (Accessed January 12, 2009).
Masudul Alam Choudhury 2006. Islamic macroeconomics? International Journal of Social Economics 33, no. 1/2 (January 1): 160-186. http://www.proquest.com (Accessed January 14, 2009).
Marios Katsioloudes, Tor Brodtkorb. 2007. Corporate Social esponsibility: An Exploratory Study in the United Arab Emirates. S.A.M. Advanced Management Journal 72, no. 4 (October 1): 9-20,2. http://www.proquest.com (Accessed…… [Read More]
Corporate Social esponsibility (CS) refers to the relationship between a business and the society and how can both can benefit mutually through a joint partnership. Caroll (1991) suggests four different aspects to be a part of CS and they are economic, legal, ethical and philanthropic. The economic aspect is the basis on which the business is built while legal responsibilities are encoded in law. Ethical responsibilities include doing what is right and just and above everything, philanthropic responsibilities include being a good corporate citizen and doing something good to the society and environment that has nurtured the business.
In this discussion, the CS activities of two companies in the same sector are analyzed. The first company is Asia Pacific Breweries that owns the Tiger Beer brand of products and the second one is Carlton & United Breweries that manufactures the Victoria Bitter brand of beer. A close analysis reveals…… [Read More]
The Role of Interactive Social Media in Corporate Social Responsibility Communications
One of the most significant new marketing platforms to emerge in recent years has been social media in general and more recently, interactive social media. According to the definition provided by Chao and Parker (2014), social media in general are “a group of Internet-based applications that build on the ideological and technological foundations of Web 2.0, which allows the creation and exchange of user-generated content” (p. 323). By extension, interactive social media are defined as those platforms that feature ways for consumers to directly respond to Web-based content in the form of feedback, comments, testimonials, reviews or other online exchanges (Chao & Parker, 2014). The overarching focus of the proposed study concerns the role of interactive social media in corporate social responsibility (CSR) communications. This specific focus has assumed new importance and relevance as growing numbers of…… [Read More]
This strategy was successful for some time but when WorldCom tried to acquire MCI (a company with two times more revenues than WorldCom), the binge of acquisitions was ended due to objections from antitrust and other stakeholders.
WorldCom's strategy was to display revenues and profits in extremely positive basket; for which the company had to make false misstatements in their accounting records. I think, it was the social and ethical responsibility of WorldCom to avoid misinterpretations in their financial statements and to show clear picture of the company to its stakeholders.
This strategy resulted in expansion of WorldCom through acquisitions and the expansion became so huge that the management of WorldCom was unable to handle the business. The debt of the company touched $41billion with $11billion of accounting frauds and misinterpretations. These all were the fruits of strategies implemented by Ebber just to display a very sound and positive picture…… [Read More]
Corporate Social esponsibility
The purpose of this case study is close synopsis of the Enron case and its impact on consumers and corporate business practices alike. Prior to its collapse Enron had been named one of America's top 10 admired corporations, and its boards "was acclaimed one of the U.S.' best five" (eed, 2004). Throughout the 1990s the company experienced tremendous growth and profits exceeding $180 billion, employing more than 30,000 people worldwide (eed, 2004).
Enron collapsed however and went bankrupt, a process that "outraged and impacted stakeholders tremendously and resulted in numerous congressional investigations" (eed, 2004). The "implosion" of the company "wreaked havoc on accounting like no other case in American history; the collapse of the system called into question the adequacy of U.S. disclosure practices and the integrity of independent audit processes" (Thomas, 2002).
Overview of the Case
In October of 2001 Enron executives announced they were taking…… [Read More]
Ethics and Social esponsibility
General Motors (commonly known as GM) is an American multinational automobile manufacturer. It is the world's largest corporation in the automotive industry with respect to unit sales. GM is headquartered in Michigan, United States and operates with fully-owned subsidiaries as well as joint ventures in 157 countries of the world. The manufacturing units are being operated in 31 countries. It employs more than 202,000 people who work in its 158 different operational areas in all six operating regions of the world. General Motors was established in 1908 by William C. Durant. It has a very well-established brand image across the Globe with a high level of brand acceptability and loyalty by its customers and stakeholders (General Motors, 2012).
Having business operations at the Global scale, General Motors operates in a highly complex and uncertain business environment. There are a number of environmental factors that…… [Read More]
organization always adopt a broad stance on social responsibility? Explain how you agree or disagree with this question and why you have this perspective.
More and more organizations are making social responsibility a primary feature of their websites and the ways in which they market themselves to consumers. Starbucks promotes its sale of Fair Trade coffee; the Interface carpet company has a zero-impact model of sustainability. This can generate good publicity for the company or in some instances real cost savings. Thus, exploring issues of social responsibility and stressing the need to give back to the community as well as register short-term profits is useful. Sometimes social responsibility can yield long-term dividends, like Toyota's highly successful hybrid the Prius.
However, ultimately a company must remain in business if it is to do any kind of good at all: an insolvent company's policy on social responsibility is meaningless. Ultimately, for a…… [Read More]
In its official press releases and documents and in scholarly journal articles written with Nestle Waters SA grant money, the company is battling to put the best spin on its bottled water sector, as well as other parts of the company as well.
Adler, Brett. "Nestle draws fire for plans to pump more water from North Florida springs." Dec., 02, 2010.http://floridaindependent.com/16102/nestle-draws-fire-for-plans-to-pump-more-water-from-north-florida-springs (accessed Dec. 08, 2010).
Fact-Checking State Supreme Court Ads." Oct. 29, 2010.
http://www.newsweek.com/2010/10/29/fact-checking-state-supreme-court-ads.html (accessed Dec. 08, 2010).
Lawrence, Felicity. "Processed cereals represent a triumph of marketing, packaging and U.S. economic and foreign policy.." Nov. 23,
2010. http://www.guardian.co.uk/business/2010/nov/23/food-book-extract-felicity-lawrence (accessed Dec. 08, 2010).
Miller, Ethan. "Should private companies control our most precious natural resource?."
Oct. 8, 2010.http://www.newsweek.com/2010/10/08/the-race-to-buy-up-the-world-s-water.html (accessed Dec. 08, 2010).
"Nestle India plans collaboration to help manage diabetes." Dec. 07,
2010.http://www.ausfoodnews.com.au/2010/12/07/nestle-india-plans-collaboration-to-help-manage-diabetes-2.html (accessed Dec. 08, 2010).
"Nestle Purina gets presidential honor." Nov 23,
2010.http://www.bizjournals.com/stlouis/news/2010/11/23/nestle-purina-gets-presidential-honor.html (accessed Dec. 08, 2010).
"Profits rise…… [Read More]
Socially esponsible Efforts
Social responsibility is quite often associated with corporate organizations and governments with individuals' input being relegated to the periphery. Corporate bodies, governments, and individuals have a duty of care to the greater society. These entities perception of what is socially responsible is; however, a preserve of their ideals and beliefs. Organizations that are sustainability-minded may undertake to develop green buildings where as others may give monetary donations to the neighboring communities towards construction of social amenities. Some organizations may donate their time to volunteer organizations that perhaps endeavor to increase forest cover. Individuals or organizations with businesses that negatively impact environment may undertake to recycle their products or even champion for the use of Compact Fluorescent Light (CFL) Bulbs that save energy. This paper seeks to compare the differences and similarities between two different communities and finally evaluate the effects of socially responsible efforts in each community.…… [Read More]
But the shareholders themselves need to be more aware and more involved in their company's business in order for any meaningful change to sustain itself:
Shareholders, the intended beneficiaries of the corporate vehicle, are the ultimate capitalists: avaricious accumulators with little fiscal risk and no legal responsibility for the way in which they pursue their imperative to accumulate. Shareholders, not corporations, show indifference to the needs and values of society. It is their behaviour that is most appropriately characterized as amoral indifference to the plight of others and their environment. Shareholders, not corporations, behave in a pathological manner. And shareholders should be the targets for the cure that we need for our ills. (Glasbeek 2005: 24)
There is also the problem of victimisation of other cultures in a global market. As Strike, Gao and Bansal (2006) point out in their article, 'Being Good While Being Bad: Social esponsibility and the…… [Read More]
Global Corporate Governance and Social Responsibility
An in-depth analysis of all possible factors responsible for the Social efforts
Socio-Economic, Cultural, Technological and Legal Factors
Strategic ideas involved in addressing corporate social responsibility issues
The Unique Composition of Microsoft
Creating etter-Quality Products
Using Conventional and Contemporary Resources
In recent years, augmented degree of interest has been shown on the subject of "Corporate Social Responsibility," also known as "CSR." This interest has been shown, both in the international/national business and academic circles, because almost all the current studies indicate that "Corporate Social Responsibility" increases the credibility of the business in the eyes of the stakeholders, both within and outside the organization (Isabelle and David, 2002).
Another reason for the increased interest being shown in the direction of "Corporate Social Responsibility," both by international/national business and academic circles, is because of the constant emphasis by the global society towards…… [Read More]
Business ethics is a division of ethics that pertains to the interaction of business and ethics and applies ethical analysis to the business area. It is both expressive and normal. The five activities within business ethics can be delineated as follows:
1. Using general ethical principles to specific practices in business.
2. The analysis of whether moral terms related to individuals' actions may be applied to combined entities such as firms.
3. Analysis of presumptions of business.
4. Analysis of other related areas of information as guided by embedded problems in business.
5. Describing morally commendable and exemplary actions of firms (Barrett, 2009).
Corporate social responsibility (CS) entails any activity that encourages the interests of any stakeholder of a business corporation. Occasionally CS refers to philanthropic programs that target communities or employees. In other instances it refers to obligations to promote the welfare of suppliers. It also refers to an…… [Read More]
Wal-Mart Social esponsibility Analysis: An Employee Perspective
To begin the study "the purpose statement is "a statement that provides the major objective or intent, or "road map" to the study" (Creswell, 2009a, 104).Therefore, the purpose of this narrative is to discuss what employees at various Wal-Mart facilities around the Kansas City area have experienced regarding the social responsibility initiatives undertaken by the company. The method for this particular paper is a qualitative design. Because the desired conclusions were to be drawn from the specific experiences of individuals employed at Wal-Mart stores and Distribution Centers around the area, it was determined that the best method of gathering that information was via interviews with employees rather than the gathering of quantitative data which would not reveal individual interpretations of the policies put in place. The specific questions asked to the participants ranged from their impressions of environmental policies to treatment of employees…… [Read More]
The activities of businesses affect different stakeholders within the communities they operate in. They affect customers, employees, shareholders, suppliers, financiers, regulatory authorities, and communities. Accordingly, in their pursuit of economic objectives, business organizations have a responsibility to satisfy the concerns of stakeholders affected by their operations. This is the core of corporate social responsibility (CSR). CSR theory asserts that business organizations exist for not only profit motives, but also social and environmental objectives (Schwartz, 2011). Indeed, CSR has become so that important governments in most countries around the world have enacted laws and regulations that businesses must adhere to so as to foster community wellbeing and environmental sustainability. Inattention to social and environmental concerns may harm an organization's public reputation or have serious legal ramifications on the organization.
WECAREHealth (WCH), a New Jersey-based pharmaceutical company, is facing serious human rights issues and environmental concerns due to its activities in the…… [Read More]
Crafting and Executing Strategy
Social responsibility in corporations is one of the most important subjects of debate these days. Managers are heavily burdened with the job of creating a socially responsible image for their organizations. But while social responsibility is desirable, not all firms can invest in social ventures due to various impediments and one of the main impediments can be lack of funds. While the firms would still try to invest to the extent necessary, they may not find enough funds to invest as much as they might otherwise desire. Managers are then faced with a huge challenge and an important question i.e. how to explain the lack of funds to the public?
Most managers would want the public to see the organization as a social responsibly one but lack of funds can sometimes act as a serious impediment in the way of creating the image as a socially…… [Read More]
Disability as Diversity
People who are disabled very much face an uphill climb when it comes to surviving and thriving in the workplace. Indeed, the physical and/or mental challenges faced by the disabled are compounded by the way that organizations and the people therein react to them and that includes whether they are hired, what they are hired to do and how people treat the disabled employee upon hire. While much of the overall outlook is grim, a strong organizational culture that is installed and enforced properly via the following of social justice and similar principles can be a tool to make the disabled workers feel more welcome rather than as an outcast or someone that is not as worthy or capable.
One seminal work on the matter noted in the introduction that shall be covered in-depth in this report is that of Spataro. When it comes to organizational…… [Read More]
tarbucks who mission is social responsibility whilst it attempts to build the strength of its brand. tarbucks had been going strong in both areas until the 2008-2009 recession when it had to close various of its stores and pull back some of its products. The recession has also compelled it to innovate, such as with its Value Meals as well as to refocus on its customer service as one of its key brand identities.
The tarbucks culture has always been: "people first; profits last.' And tarbucks aims to treat others with respect and dignity. Howard chultz, tarbucks's founder, has placed ethics first and foremost to the tarbucks's culture. A key prerogative of tarbucks is its involvement with sustainability where it works with various international organizations and programs in working towards amelioration of relief for poverty-ridden countries as well as for improvement of environment. Their attitude towards sustainability, towards their staff,…… [Read More]
Marquis, C., Lee, M. (2013). Who is governing whom? Executives, governance, and the structure of generosity in large U.S. firms. Strategic Management Journal, 34: 483-497. DOI: 10.1002/smj.2028
The purpose of this article is to identify the manner in which organizational structures impact organizational strategies used by corporate leadership role players. The example that the researchers give of such a structure is the corporate foundation, which is commonly directly managed by a group of corporate leaders for philanthropic purposes. However, the structure of the corporate foundation allows leaders to exercise influence that in a different corporate structure would be far less possible or even welcomed by the variety of shareholders and stakeholders involved. The determining factors of what allows one corporate entity to achieve specific aims within its philanthropic organization are what the study seeks to identify. The study looks for correlation between variables and outcomes in this respect. The secondary…… [Read More]
DSL access speeds are just slightly higher than dial-up and as a result often do not have the performance necessary for supporting multiple WiFi users. In these installations of DSL in high density urban locations including apartment buildings, the speed degradation is noticeable and immediate when someone else is also using the WiFi signal. Conversely the speed of a cable modem-based WiFi connection is at times so fast there is no noticeable speed degradation as a result. Those that contend that using a neighbor's WiFi signal when their neighbor is connected via cable modem seek rationalization for taking excess bandwidth, and is also the argument those people use who freely share their paid-for access (Dalton, 2008). The actual WiFi Access Point or transmitter in a persons' apartment or home can vary in broadcasting strength, with the most fundamental ones only capable of producing a strong enough signal for 50 feet.…… [Read More]