What is CSR (Corporate Social Responsibility) To what is there a business case for CSR - Essay Example

Comments (1) Cite this document
Summary
Corporate Social Responsibility Introduction Corporate social responsibility (CSR) is the concept of making innovative decisions for the benefit of business through the integration of social, environmental and economic considerations. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
What is CSR (Corporate Social Responsibility) To what is there a business case for CSR
Read TextPreview

Extract of sample "What is CSR (Corporate Social Responsibility) To what is there a business case for CSR"

Download file to see previous pages This definition is to be found in the Green Book, which is the first documentation regarding corporate social responsibility to be published in accordance with the European Union’s initiative.
From this definition it becomes obvious that companies consider social and environmental issues at the time of planning and implementing their activities. However, this entire exercise is conducted on a voluntary basis. The fundamental rules of conduct for companies are enshrined in the individual laws and regulations. However, the core of social responsibility rests on the fact that companies deliberate upon these issues in much greater detail and that their conduct is at a higher level than that enjoined by legislation (Kornfeldova & Myskova, 2012, p. 90). Moreover, CSR is best viewed in terms of its pillars. These are the social, environmental and economic pillars. The last of these, namely the economic pillar affects the local, national and global economies. It can be termed the fight against corruption, the support and development of employment, and the endeavour to mitigate unemployment (Kornfeldova & Myskova, 2012, p. 91).
The environmental pillar relates to company activities that are focused upon the environment. It denotes reduction in the adverse influence of company activities on the environment, the protection of natural resources, employment of environment friendly technologies, and reduction in emissions and other pollutants. The social pillar relates to education and the development of human capital, employment, benefits, equal opportunities and employment policies (Kornfeldova & Myskova, 2012, p. 91). Furthermore, organisations and companies can distinguish themselves from other entities by employing the device of corporate social responsibility. With regard to this device it is essential to realise that compliance is voluntary, as there is no legislative imperative. The ethics codes, statements or policies relating to the responsibilities of a company declare whether it adheres to the principles of CSR (Kornfeldova, 2011, p. 107). Arguments Opposing Corporate Social Responsibility Consumers will pay more for products that are the result of socially responsible outcomes of a business. For example, one research study, established that consumers noticed more value and benefit, regarding the offer emanating from a socially responsible firm. In such instances, it was observed that the consumers were agreeable to paying even an additional 10% for such products. Furthermore, social action that was distinguished by a direct effect upon the life of consumers was seen to have a greater positive effect than social action with an indirect effect (Ferreira, et al., 2010, p. 208). However, social action with an indirect effect on the lives of consumers will have a smaller positive effect. In some cases, CSR will be detrimental to corporate interests. The following discussion supports this argument. CSR has been criticised for adopting practices that serve to camouflage or divert public attention from corporate illness. It never discloses what transpires in the company on a clandestine basis. A glaring illustration of this deceit was provided by Enron, which had been described as one of the 100 Best Companies to Work for in America. This company was honoured with six environmental awards in the year 2000. Subsequently, it was disgraced and branded the most irresponsible company in the US. Enron boasted of some of the best policies relating to anti – corruption, climate change, and human rights; and its demise caused considerable ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“What is CSR (Corporate Social Responsibility) To what is there a Essay”, n.d.)
Retrieved from https://studentshare.org/business/1484823-what-is-csr-corporate-social-responsibility-to
(What Is CSR (Corporate Social Responsibility) To What Is There a Essay)
https://studentshare.org/business/1484823-what-is-csr-corporate-social-responsibility-to.
“What Is CSR (Corporate Social Responsibility) To What Is There a Essay”, n.d. https://studentshare.org/business/1484823-what-is-csr-corporate-social-responsibility-to.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ma
makennaoconner added comment 4 months ago
Student rated this paper as
The topic of "What is CSR (Corporate Social Responsibility)? To what is there a business case for CSR?" was impossible to find. I spent ages to find it. Here at StudentShare, I got the most decent example. Many thanks!

CHECK THESE SAMPLES OF What is CSR (Corporate Social Responsibility) To what is there a business case for CSR

Corporate Social Responsibility (CSR)

...towards the CSR. Corporate Social Responsibility has a wide variety of definitions (Margolis & Walsh, 2003). However, one particular definition has been given to understand the term: corporate social responsibility defines to be as voluntary actions of corporations, these actions are designed to improve social or environmental conditions (Davis, 1973; Wood, 1991; Wood & Jones, 1995; Waddock, 2004). Additionally, corporate social responsibility is also called as corporate social performance, sustainable...
9 Pages(2250 words)Essay

Corporate Social Responsibility (CSR) in Samsung

..., 2012). Samsung’s corporate social responsibility has also been extended beyond the social aspect to encompass the improvement of their business engagements and partnerships with other companies. In 2003, as part of the CSR program, the company announced a major supplier support program that was meant to help solve technological issues that were affecting the performance of the partner companies and suppliers. The suppliers and partners are allowed to participate in Samsung partner’s day, an activity that enables the company share management goals and strategies with their partners (Peloza, 2007). Corporate...
9 Pages(2250 words)Essay

Corporate soical responsibility CSR

...to mitigate the social issues. The financial resources with the corporations are also large - for example the annual revenues of Wal-Mart far exceed the GNP of many nations in the world). Hence the businesses should utilize some of their human and financial resources to tackle social issues. Conclusion The business case for the social responsibilities of the business has identified both tangible and intangible benefits. Such benefits include building valuable assets which further the comparative a competitive advantage of the businesses like building better...
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...
1 Pages(250 words)Essay

Corporate Social Responsibility (CSR)

...and therefore should practice ethical behavior and should also work towards the development of the society. This is a way of paying back to the society for the resources it has used and the environment in which it operates (Murthy, 2007, p.13). Thus Corporate Social responsibility can be described managing business responsibly (The world business organization, n.d, p.4). As per the OECD guidelines CSR activities should be such which through which the MNCs can contribute in economies and promote social welfare and sustainable environmental development in the countries in which they are operating such type...
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...
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...
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...
8 Pages(2000 words)Assignment

Evaluate the role of religion in the perpetuation and resolution of conflict

7 Pages(1750 words)Research Paper

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...
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 Essay on topic What is CSR (Corporate Social Responsibility) To what is there a business case for CSR for FREE!

Contact Us