Csr(References) - 1138 Words

How relevant is CSR in todays business agenda? Corporate Social Responsibility is described as being a company’s ethical, economic, environmental, social and legal attitude towards its stakeholders in order to establish long-term success (Crane at el, 2008). These issues have come to have an important role in the running of a business in recent years. CSR was developed over a number of years and has been researched by professional economists. There are many arguments in favour of and against the CSR strategy. A company that adopts and operates the CSR can gain control over a variety of sectors, including shareholders and stakeholders. In brief, businesses can generate maximum profit and reduce potential risk by adopting the CSR strategy†¦show more content†¦According to Joell Brohier-Meuter, however, Asian countries launched such societal policies as Green Social, Harmonious Society and Business Ethics policy. Therefore, multinational companies need CSR for expanding their business. This source explores the role o f multinational business activity and outlines the factors of CSR in running a business. In addition, it shows a variety of elements, which can affect a business’ success or failure. Crane, A., Matten, D. and Spence, J. L. (2008). Corporate Social Responsibility. Routledge. In this book, Clane et al (2008) states why companies need the CSR strategy in many areas of their activity: increased social awareness, as a result of global warming; major disasters; social consciousness and media pressure. The book explores each of these factors and analyses how a business can overcome its weakness and create opportunities. This source explains the overall advantages to a business and it details the benefits of running a business. Furthermore, this source is highly influenced by a business’s social performance, purpose and adherence with Corporate Social Responsibility. Friedman, M. (1970). ‘The Social responsibility of business is to Increase its Profits’. Place of publication: The New York Times Magazine, 13 September 1970. Available atShow MoreRelatedBusiness Case Study : New Balance1610 Words   |  7 Pagesathletic footwear industry, the company faced challenges in the realm of CSR in the areas of human and labor rights issues in the supply chain, increasing demands for transparency, greenhouse gas emissions regulation, and health, safety and product stewardship. While CSR is an embedded part of New Balance’s values and mission, the company lacked public awareness of its CSR activities due to the fact that the company did not have a CSR department and fact that the owners were hesitant to talk about socialRead MoreParadigm Shift of Firms from Capitalism to CSR (Rationale) The integration of social700 Words   |  3 PagesParadigm Shift of Firms from Capitalism to CSR (Rationale) The integration of social responsibilities in business that emerged with the financial capitalists spurred a fierce debate on whether or mot CSR should be included in the corporate objective function. the earliest reference to such criticism appears to be Ghent, who in 1902 criticized this new trend for its similarity to the economic feudalism of the middle Ages, and who argued that CSR was being used as a tool for forestalling public criticismRead MoreIs Corporate Social Responsibility a Way to Cover Exorbitant Charges1268 Words   |  6 PagesContents 1. Introduction 2 2. Motivations behind CSR 2 2.1 Self-Interest 2 2.2 Ethics 2 3. Arguments for CSR 3 3.1 Innovation 3 3.2 Cost-Saving 3 3.3 Brand Differentiation 3 3.4 Long-Term Thinking 3 3.5 Customer Engagement and Employee Engagement 3 4. Arguments against CSR 3 4.1 Misdirections 4 4.2 Controversial Industries 4 5. Conclusion 4 6. References 4 Is Corporate Social Responsibility a way to cover exorbitant charges? 1. Introduction Various authors have different definitionsRead MoreCorporate Social Responsibility : Business Communication And Technology835 Words   |  4 PagesExample – Carnival Australia 3 Conclusion 4 Recommendations 4 Reference List 5 Appendix 1 6 Appendix 2 7 â€Æ' Corporate Social Responsibility Introduction What is Corporate Social Responsibility? The responsibilities a business has to the environment, society, and public health (The Triple Bottom Line Approach, refer to appendix 1) are major factors in relation to the long sustainability of a corporation. Corporate Social Responsibility (CSR) is a means by which an organisation can incorporate self-regulationRead MoreImplementation of Corporate Social Responsibility Programs by Foreign Subsidiaries716 Words   |  3 PagesHow can a foreign subsidiary located in the United States improve its CSR in the United States? Are attitudes toward CSR in the United States changing as more foreign subsidiaries locate within the United States? How, and why? Foreign subsidiaries need to start with a well-planned and defined strategic plan if they are to succeed with their Corporate Social Responsibility (CSR) programs, taking into account value creation, risk management and corporate philanthropy as part of their strategic visionRead MoreHow Remuneration Is Determined in Csr1202 Words   |  5 PagesHow your Remuneration is Determined 1. INTRODUCTION CSR staff are paid an annual salary, along with company superannuation contributions and annual leave loading. In the case of senior staff, the salary and benefits are combined as a remuneration package. The processes for determining annual salaries and fixed remuneration packages in CSR are the same. All references to salary in this document relate equally to both salary and remuneration package. Senior staff however, should also referRead MoreCorporate Social Responsibility And Its Impact On The Food Industry996 Words   |  4 Pagesfood industry, as this sector has strong impact and high dependence on the economy. CSR threats and responsibilities are increasingly shifting from single firm level to the food chains and network. Over the past decade, there has been substantial evolvement in CSR as a response to perceived limitations of governmental regulations such as privatization and globalizations. Another main reason for rising relevance of CSR is shift in values and preferences of more affluent citizens in western society asRead MoreTo What Extent Is Csr Beneficial to a Companys Performance1184 Words   |  5 PagesTo What Extent is CSR Beneficial to a Company’s Performance? Corporate social responsibility (CSR), which is a popular debate topic over decades, has divided into five major dimensions over time. They are known as the stakeholder dimension, the social dimension, the economic dimension, the voluntariness dimension and the environmental dimension in research (Dahlsrud, 2008). The relationship between CSR and company’s performance, which is classified as the stakeholder dimension, aroused a controversialRead MoreThe Relationship of NGOs and CSR813 Words   |  3 PagesThe essence of Corporate Social Responsibility (CSR) is that businesses should be self-regulating in their strategic and tactical business models that ensure they are in compliance with the moral, ethics, and standards of stakeholder expectations and the law. The goal, of course, is to encourage moral actions so that it does not become necessary for governments to legislate compliance (Kotler Lee 2003). CSR has been increasingly important in the global arena after the Enron scandal, and is a trendRead MoreThe Benefits of Implementing Corporate Social Responsibility Programs965 Words   |  4 Pagesdiverted form landfill (Bell, 2009). These facts show that Bell as same as Rogers, also take a proactive stance facing the environmental issue. They contribute to the charitable fund and make full use of renewable resources. Compared with the CSR programs of Rogers and Bell, it seems clearly that the big companies are more and more willing to give generously to charity. Actually, some people have already wondered what was that for? According to Bansal, Maurer and Slawinski (2009), â€Å"by corporate