Evaluation of Corporate Social Responsibility and the Risks of being non-CSR Entity - Dissertation Example

Comments (1) Cite this document
The researcher of this essay aims at comprehending the concept of corporate social responsibility and its different practices; evaluating potential advantages that could be achieved by being involved in CSR related practices; highlighting the impacts of being a Non-CSR entity…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.5% of users find it useful
Evaluation of Corporate Social Responsibility and the Risks of being non-CSR Entity
Read TextPreview

Extract of sample "Evaluation of Corporate Social Responsibility and the Risks of being non-CSR Entity"

Download file to see previous pages This research will begin with the statement that the expansive literature on the topic of CSR comprises various definitions and explanations of the construct. For instance, the European Commission defines the concept of corporate governance as “A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with stakeholders on a voluntary basis.” In addition to that, a generally understood and applied definition in the management literature is expounded by Davis by defining CSR as “ the firm’s considerations of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social and environmental benefits along with the traditional economic gains which the firm seeks.” Moreover, there are other terms similar to the construct of the CSR including “corporate sustainability”, which focuses on long-run shareholder value by including principles particularly in nine other areas: governance, ethics, transparency, financial return, business relationships, community involvement, employment practices, environmental protection and product value. As a result, the activities attached with the concept of corporate sustainability remain largely analogous to the basic contents of the CSR. The CSR is an amalgamation of a number of corporate activities focusing on the welfare of stakeholder groups other than investors, such as suppliers, employees, charitable and community organizations and customers. One significant segment of CSR activities consists of corporate donations or contributions of products or cash to community and charitable organizations. For instance, Whirlpool Corporation (2010) arranged and donated a refrigerator to every home built by the Habitat for Humanity particularly in the affected areas of North America. Moreover, employees are also significant stakeholders for the companies. Companies carry out certain employee welfare related initiatives on a voluntary basis. Employee welfare includes initiatives from the facility of educational advantages to health care issues including providing them on site health clinics, wellness classes, fitness centres focusing on the issues such as work related stress management. Workplace safety has also become a critically significant factor of employee welfare; many companies have developed and established codes of conduct for employee safety and welfare and to their suppliers as well. Companies’ CSR activities also emphasis on meeting and fulfilling customer desires including protecting future generations. They intend to develop and sell such innovative products and services that appeal to customers’ environmental concerns via diminishing harmful product packaging and making it more durable and sustainable as well. Other CSR activities encompass “green” development and production practices and services, such as reducing emissions, conserving energy, reducing packaging materials, employing recycled materials, and sourcing materials from the suppliers located close to manufacturing installations. In this regard, Sony (2010) manages the harmful impacts of its greenhouse gas emissions by installing for carbon dioxide emissions from shipping, production, storage and other product use activities. Furthermore, companies often get involved with customers and vendors in their efforts to reduce their footprint and increase their environmental efforts. In this regard, Wal-Mart (2006) developed and announced a program measuring suppliers on their ability to diminish packing; and along with a goal of reducing up to 5 percent of total packing during the period 2008 to 2013. Why do firms involve in CSR activities? There remain various reasons underlying organization’s inclinations to get involved in socially responsible endeavours. First, organizations may prefer to remain ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Evaluation of Corporate Social Responsibility and the Risks of being Dissertation”, n.d.)
Retrieved from https://studentshare.org/business/1396303-writer-s-choice-dissertation-proposal
(Evaluation of Corporate Social Responsibility and the Risks of Being Dissertation)
“Evaluation of Corporate Social Responsibility and the Risks of Being Dissertation”, n.d. https://studentshare.org/business/1396303-writer-s-choice-dissertation-proposal.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
bergeriver added comment 1 year ago
Student rated this paper as
The topic of "Evaluation of Corporate Social Responsibility and the Risks of being non-CSR Entity" is quite popular among the assignments in college. Still, this document opens a fresh perspective of seeing the issue. I’ll use the style for my own text.

CHECK THESE SAMPLES OF Evaluation of Corporate Social Responsibility and the Risks of being non-CSR Entity

Corporate Social Responsibility (CSR)

...corporations to hide their dirty corporate practices. For instance, British American Tobacco (BAT), BP and McDonald use the concept of CSR to distract the public from the ethical queries raised by their core businesses (Friends of Earth). Furthermore, Kelly (2004), contends that BP and BAT who claim to be the leaders of CSR, are far from being socially responsible. In fact, she reveals that the businesses which claim to be socially responsible actually performing financially better. Andrew (2004) unmasks some the so-called leaders in the CSR by visiting some of the...
9 Pages(2250 words)Essay

Corporate Social Responsibility (CSR) in Samsung

...publics’ evaluation of corporate social responsibility practises of multinational corporations in the united states and south Korea, Journal of Business Ethics, Volume 113, Issue 1, pp 105-118. Lee, Ki-hoon. 2007, Corporate social responsiveness in the Korean electronics industry, corporate social responsibility and environmental management. Volume 14, Issue 4, pages 219–230 Lii, Y., 2012, Doing right leads to doing well: when the type of CSR and reputation interact to Affect consumers, Journal of Business Ethics; Vol. 105 Issue 1, p69....
9 Pages(2250 words)Essay

Corporate Social Responsibility

...of business, which began to create a series of recent regulatory frameworks and policies to ensure that CSR became a primary objective of today’s companies (Asongu). Legal frameworks and the role of CSR in the financial crisis By the time of the financial crisis, there were many different domestic and international regulatory frameworks that had been established to ensure legal ramifications for non-compliance to corporate social responsibility codes of conduct. The Business Charter for Sustainable Development, major advances in United Nations-derived frameworks, the Forest Stewardship Council, and SA8000 were some of the most...
9 Pages(2250 words)Essay

Corporate soical responsibility CSR

...Corporate Social Responsibility Introduction Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time" (Carroll and Buchholtz 2003) The traditional view about the objective of any organisation is that the organisation's primary responsibility is towards the owners or shareholders. However corporate social responsibility expects the organisations to take up a larger responsibility that encompasses the interests of not...
5 Pages(1250 words)Essay

Corporate Social Responsibility (CSR)

...16 July Corporate social responsibility Corporate social responsibility is the of integration of the corporate self regulation into the model of a business. It is essentially a business commitment to comply with the standards of ethics and make contribution to the economic development of a nation along with an overall improvement in the standard of living prevailing in a society. CSR builds the capacity of sustainable living. CSR encourages the business personnel to respect the cultural differences and take all possible steps in order to enhance the skills of employees. Thus,...
1 Pages(250 words)Essay

Corporate Social Responsibility (CSR)

...of corporate social reasonability The corporate social responsibility helps the company in a number of ways. For example by following the CSR activities the company can reduce the risk at the same time it can reduce the wastage of scarce resources as the CSR guidelines will lay down the principles which will be followed to while working. CSR activities also helps the company to gain the brand equity as the companies who contributes towards the society are favored more and are respected everywhere. CSR also helps in increasing employees’ productivity and performance by...
4 Pages(1000 words)Essay

Corporate Social Responsibility(CSR)

...Corporate Social Responsibility Corporate social responsibility (CSR) is a concept that is frequently discussed in the contemporary business world. Many corporations have, over the last century, started to consider the impacts of their activities and practices on the society at large since consumers started to get increased awareness about the corporate activities that were executed across the globe. The society in general and the consumers in particular became quite concerned about the potential ways in which the businesses were affecting their lives and the environment for the worse. As...
2 Pages(500 words)Essay

Corporate social responsibility (CSR)

...critical issues that has plagued the world. More specifically, the paper is aimed at the course of events that are responsible for driving these senior officials to take part in the global compact and become members to the dominant coalition. The second research paper titled ‘Corporate social responsibility brand leadership: a multiple case study’ has been directed towards using existing research and studies that provide frameworks for the analysis of CSR as a tool for brand leadership strategy. The existing literature is supported by a qualitative study of five UK based firms that have a significant market share, successful brand strategies and a very...
8 Pages(2000 words)Essay

CSR - corporate social responsibility

...Corporate Social Responsibility Environmental Minimization Strategies for Mobile Telecommunication Gadget Manufacture: Nokia Siemens Corporation Introduction In recent years corporate social responsibility (CSR) has become an increasingly critical concept in shaping business competitiveness and sustainable development (Business for Social Responsibility, 2009). According to Haigh and Jones (2006), on the basis of generic definitions for sustainable development, it implies a situation whereby a firm combines its economic goals with the responsibility for...
8 Pages(2000 words)Assignment

Corporate Social Responsibility (CSR)

...CORPORATE SOCIAL RESPONSIBILITY strategy report al Affiliation) Executive Summary Hennes & Mauritz is one of the biggest retail shops in the world which has established itself to a near monopoly status in the society dealing in cloths. It has spread its reach and tentacles around the globe due to the fact that quality and variety are its benchmarks and irreducible minimums. 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. H&M has continues to pursue policies and principles of CSR as a...
11 Pages(2750 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Dissertation on topic Evaluation of Corporate Social Responsibility and the Risks of being non-CSR Entity for FREE!

Contact Us