Corporate Social Responsibility - Essay Example

Summary

The intention of this study is the concept of Corporate Social Responsibility (CSR) that has gained considerable significance in the context of modern business corporations. Earning revenues to generate profits cannot be the one and only motive of a commercial enterprise…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER93.1% of users find it useful

Read Text Preview

Subject: Business
Type: Essay
Level: Masters
Pages: 22 (5500 words)
Downloads: 4
Author: fsawayn

Extract of sample "Corporate Social Responsibility"

Download file to see previous pages

The paper tells that business organizations themselves realize that they owe a commitment towards the society which gives them an opportunity to establish themselves, expand their operations and finally generate profits out of their activities. In the opinion of Dahl, business enterprises are formed and sustained only as a form of a favored privilege of the Government and the society. Therefore, the social citizens will never consider the business firm as an enterprise which survives only for the purpose of making profits.

The citizens through the State Government provide special rights, authorities, allowances and protections to the organizations and in return expect that the firms would undertake some activities to contribute to their well-being. Dahl emphatically declares that the existence of the business corporations is significantly dependent on the cooperation of the social citizens and therefore, enterprises have an obligation to make a positive contribution towards their living conditions. Thus, firms implement various CSR functions to fulfill their commitment towards the society at large.

From the definitions, it is evident that CSR refers to the relationship which the business corporations develop with the society within which they function. Authors Werther and Chandler have highlighted a unique aspect of the issue: CSR encompasses the commitment of the firms towards the society as well as the obligations of the social citizens towards the business corporations. In this context, society has been defined as an entity which encompasses all stakeholders and comprising groups that are involved in some way in the firm’s operations.. In the opinion of Dahl (1973), business enterprises are formed and sustained only as a form of a favored privilege of the Government and the society.

Therefore, the social citizens will never consider the business firm as an enterprise which survives only for the purpose of making profits. The citizens through the State Government provide special rights, authorities, allowances and protections to the organizations and in return expect that the firms would undertake some activities to contribute to their well-being. Dahl emphatically declares that the existence of the business corporations is significantly dependent on the cooperation of the social citizens and therefore, enterprises have an obligation to make a positive contribution towards their living conditions.

Thus, firms implement various CSR functions to fulfill their commitment towards the society at large (Banerjee, 2008 p.12). How does a firm decide on its CSR From the definitions, it is evident that CSR refers to the relationship which the business corporations develop with the society within which they function. Authors Werther and Chandler have highlighted a unique aspect of the issue: CSR encompasses the commitment of the firms towards the society as well as the obligations of the social citizens towards the business corporations.

In this context, society has been defined as an entity which encompasses all stakeholders and comprising groups that are involved in some way in the firm’s operations. The stakeholders of a corporate organization include the “consumers, employees, suppliers, creditors and supervising authorities. The local community citizens and the environment agents are also considered as the

...Download file to see next pages Read More

CHECK THESE SAMPLES OF Corporate Social Responsibility

Triple Bottom Line and Corporate Entities

It will commence by examining Corporate Social Responsibility and its inclusion in business affairs and reporting structures.... Triple Bottom Line Triple bottom line is a system that operates to ensure that Corporate Social Responsibility is seen as a formal and an essential aspect of business entities.... This will ensure that an organisation will be able to integrate other important pointers of Corporate Social Responsibility and report it and monitor it for a year-on-year improvement....

5 Pages (1250 words) Essay

Corporate Social Responsibility Reports

Corporate Social Responsibility is a common notion adopted in business models that alludes to some form of self-regulation by corporate systems.... to ensure that organisations run in respect to social norms as well as rules and that the stakeholders are treated distinctly from the organisation itself.... It implies that organisations are distinct constituents of the larger social systems within which we live in.... analyzing economic issues as is done within the CSR brings on board the political theories because the social, political as well as institutional frameworks defines environment in which economic activities by corporations take place....

7 Pages (1750 words) Essay

Corporate Social responsibility assignment

Corporate Social Responsibility assignment Name of the Student: Date: Table of Contents Answer 1 3 Answer 2 3 Answer 3 5 Answer 4 6 Answer 5 6 References 8 Answer 1 Corporate Social Responsibility (CSR) is one of the major issues in the present volatile market environment.... To enforce ethical CSR activities and corporate governance in companies after the Enron scandal the American government also introduced Sarbanes-Oxley Legislation (Cromb, 2008)....

4 Pages (1000 words) Assignment

Corporate Social Responsibility (CSR)

Corporate Social Responsibility is a broader concept as per which the corporate organizations has some responsibilities towards the society as a whole and therefore should practice ethical behavior and should also work towards the development of the society.... Thus Corporate Social Responsibility can be described managing business responsibly (The world business organization, n.... The Corporate Social Responsibility helps the company in a number of ways....

4 Pages (1000 words) Essay

Corporate Social Responsibility Plan

In the paper “Corporate Social Responsibility Plan” the author evaluates Nationwide Insurance, a major stakeholder in the insurance and for that matter financial industry.... Until such a time that the corporate strategic plans of the company are integrated into the Corporate Social Responsibility plans, the full potential of the company in terms of organizational growth cannot be attained.... It was recently discovered that one of the best ways to achieve a holistic goal for all four themes is to make use of corporate social responsibilities (Urwick, 2003)....

11 Pages (2750 words) Assignment

Corporate Social Responsibility Initiatives

The aim of this assignment is to clarify the goals of Corporate Social Responsibility activities within organizations.... hellip; Corporate Social Responsibility (CSR) functions as a self-regulated corporate function in winch a business tries to give back to the society and environment through its different socially responsible activities.... Some researchers have proposed that these activities bring about long term benefits to the company in terms of profit and goodwill whereas, according to some other researchers, the Corporate Social Responsibility activities lead to a distraction of the business from its key economic objectives....

8 Pages (2000 words) Assignment

Corporate Social Responsibility Theories

This paper “Corporate Social Responsibility Theories” aims at analyzing Adam's statement using system-oriented, political, and integrative theories of Corporate Social Responsibility.... hellip; The researcher explains that the social contract between company and the society requires organizations to deliver benefits and desirable ends to the community.... 45) argues that organizations safeguard the social contract between them and the society by displaying acceptable behaviour....

6 Pages (1500 words) Essay

Corporate Social Responsibility Strategy of Hennes and Mauritz

It has spread its reach and tentacles around the globe due to the fact that quality and variety are its benchmarks and… In the line of business, there are other factors and circumstances that ought to be considered other than the role of making profit and it is the notion of Corporate Social Responsibility.... Intuitively, the business also markets themselves in the course of the Corporate Social Responsibility....

11 Pages (2750 words) Coursework