Nobody downloaded yet

Corporate Social responsibility - Assignment Example

Comments (0) Cite this document
Summary
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…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Corporate Social responsibility assignment
Read TextPreview

Extract of sample "Corporate Social responsibility"

Download file to see previous pages Nowadays unethical activities can no longer be hidden, as every activity against ethical CSR is investigated, communicated and broadcasted through internet by the media (Kakabadse, Rozuel, & Lee-Davies, 2005). However, if the other side of the coin is analyzed, it can be seen that that due to recent scandals, many reforms in business environment have been noticed. Firstly, the financial performance of the organization has improved (Galbreath, 2009). It has be analyzed by DePaul University that after the financial crisis and economic downturn, companies are engaging themselves into ethical business, which is revealing better financial performance as stated by S&P 500 Index (Silberhorn, & Warren, 2007). The operating cost has reduced due to CSR initiatives because companies are more concern about reducing their rate of emission, cutting down waste and by selling the recycled materials. To enforce ethical CSR activities and corporate governance in companies after the Enron scandal the American government also introduced Sarbanes-Oxley Legislation (Cromb, 2008). Answer 2 Stakeholders are the people or groups of people who have major interest in the growth and profitability of the organization. However, the interest of every stakeholder towards the organization is not the same. So based on the level of interest the stakeholders are segregated as primary and secondary stakeholder. The primary stakeholders are those who get the most affected by the positive or negative outcome or performance of the company. However, this differentiation is done for ethical decision-making. According to Figure 1, Freeman depicted a view of the primary and secondary stakeholders (Brockett, & Rezaee, 2012). Figure 1: Freeman's Structure for Primary and Secondary Stakeholders Source: (Colle, 2005) The segregation is done on the basis of fiduciary duties, legitimate interest towards the firm, invested capital and efforts. As can be seen in Figure 1, the primary stakeholders are shareholders, suppliers, customers, employees and government. All these individuals and groups have financial and personal interest associated with the organization. They have direct contribution towards the positive or negative growth of the company, so they are the stakeholders who should be ethically receiving first priority in profits and decision-making. The secondary stakeholders are the competitors, society, local and global communities, etc (Colle, 2005). They are not indirectly related to the organization, but neither do they contribute towards the profitability of the organization nor they receive a share of the profit of the company (Ayuso, Rodriguez, Garcia, & Arino, 2007). Answer 3 The sets of rules, polices, principles and processes set by the company to monitor and control the company and its functions is known as corporate governance. The corporate governance also helps the company by providing guidelines for fulfilling the goals and objectives of the company. It is also responsible for safeguarding the stakeholder's interest. Corporate governance assists the companies to lay down the foundation for planning our CSR activities for the company because unless and until the operational functions are ethically conducted, CSR will reap no result. However, stakeholders of the company have significant role to play in this case, as it has been discussed further in this section of the study. There are approaches around the world based on which the role of the shareholders in corporate ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Social responsibility assignment Example | Topics and Well Written Essays - 1000 words”, n.d.)
Corporate Social responsibility assignment Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1497998-corporate-social-responsibility-assignment
(Corporate Social Responsibility Assignment Example | Topics and Well Written Essays - 1000 Words)
Corporate Social Responsibility Assignment Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1497998-corporate-social-responsibility-assignment.
“Corporate Social Responsibility Assignment Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1497998-corporate-social-responsibility-assignment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporate Social responsibility assignment

Corporate Social Responsibility

...?Corporate Social Responsibility Table of Contents Table of Contents 2 Introduction 3 Discussion 5 Importance of Corporate Social Responsibilities (CSR) 5 Influence of CSR on Organisational Performance 8 Conclusion 13 References 15 Bibliography 19 Introduction Corporate social responsibility (CSR) refers to the concept through which the organisations contribute for the betterment of the society and the environment. It is essentially a voluntary procedure and not necessarily every organisation takes measurable steps in this prospect. The contribution of the organisations towards...
9 Pages(2250 words)Essay

Corporate Social Responsibility Practices

...?Corporate Social Responsibility Practices Introduction The main objective of an organisation is maximisation of shareholder’s wealth and profit. However, the focus of the management of the company is towards fulfilment of customer expectations and creation of shareholders value. The adverse effects of business activities on the environment and community have led to the development of corporate social responsibility (CSR). CSR has become a means of sustainability for most of the organisations. This has led to the development of the entire organisation. The main objective of the study would be to evaluate the concepts of CSR and its impact on the society and community. The concept of CSR assists the management in revenue generation... in an...
9 Pages(2250 words)Essay

Corporate Social responsibility assignment

...? Triple Bottom Line and Corporate Entities of Your Introduction The Triple Bottom Line is a system through which acorporate entity attains sustainable economic development and environmental protection whilst encouraging socially responsible business values (Azapagic, 2012). This research will undertake an in-depth research into the concept of Triple Bottom Line and describe and discuss how it is practiced. The study will include a critical evaluation of two companies listed on the Australian Stock Exchange. 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... ...
5 Pages(1250 words)Essay

Corporate Ethics & Corporate Social Responsibility

...Introduction: Corporate Social Responsibility (CSR) and Corporate Ethics have become buzzwords in the world of business today. Rapidly increasing globalization and corporate size has also raised concerns about the consequences of corporate policies and actions. More there is a growing hands off policies or in other words, the policy of deregulation, by governments in many parts of the world. This is especially true for the United Kingdom. Traditionally, government control over the education system was considered to be essential. But the policy of the government to increase private participating in the education sector has set off a controversy with some sections of the society welcoming it while others have raised concerns over... it. This...
14 Pages(3500 words)Essay

Corporate social responsibility

...18-05-2007 Corporate Social Responsibility Essentially all socially desired (legal) economic activities pursued for the purpose of earning profit could be defined as business. Thus economic activities directed to wards creation of utility for the satisfaction of wants may be termed as business. Eventually creation of utility leads to creation of surplus and this is the crux of all business activities. Various functions are performed by business enterprise and the obvious motive of business activities is profit making. But this should not lead us to think that profit is the primary objective of business. The primary object of business is to supply quality goods and...
6 Pages(1500 words)Essay

Corporate Social Responsibility

...The practice of CSR or Corporate Social Responsibility as a paradigm for firms and businesses to follow has evolved from its early days as a slogan that was considered trendy by some firms following it to the present day realities of the 21st century where it is no longer just fashionable but a business requirement to be socially responsible. This evolution has been necessitated both due to the myriad problems that we as a race face which has changed the environment under which firms operate as well as a realization among business leaders that profits as the sole reason or raison d’être for existence can no longer hold good. Hence, the great economist and...
12 Pages(3000 words)Essay

Corporate Social Responsibility (CSR)

...Corporate Social Responsibility (CSR) Contents Introduction 3 2 Part A 3 2 Corporate Social Responsibility 3 2.2 Importance of corporate social reasonability 4 3 Part B 5 3.1 Corporate Social Responsibility of Qantas Airlines 5 3.2 Analysis of the Corporate Social Responsibility of Qantas Airlines 6 4 Conclusion 6 5 Reference 6 1 Introduction The corporate sector witnessed a lot of corporate scandals and other financial crisis like the bankruptcy of Enron, Lehman Brothers...
4 Pages(1000 words)Essay

Corporate Social Responsibility

...Corporate social responsibility Though the primary goal of many Corporations is to maximize the shareholder wealth, numerous factors have shifted the attention of many companies to social corporate responsibility. Corporate social responsibility (CSR) or corporate accountability include the corporate activities that integrate the business strategy to the environmental concerns, values and decision making in improving the welfare the society. Studies have shown that potential benefits of CSR include the ability to recruit and retain...
1 Pages(250 words)Research Paper

M5A2-Corporate Social Responsability

...M5A2- Corporate social responsibility Assignment two: final reflective outline Introduction I have understoodthat corporate social responsibility entails the voluntary measures that are undertaken to enhance the social and environmental welfare of the society (Crowther & Aras, 2008)). CSR builds sustainable business through ethical business practices, social investments, transparency and trust and fulfilling the public expectations of the business (Schwartz, 2011). In this case, I have acknowledged that CSR caters for the interests of all stakeholders including customers, employee,...
1 Pages(250 words)Essay

Business Ethics and Corporate Social Responsibility Final Assignment

...Business Ethics and Corporate Social Responsibility Coca-Cola India Coca Cola India is definitely obligated morally to take additional steps in promoting their quality standards through conducting more testing. Even assuming that the company does not have legal obligation to do so and that this will require additional costs, the company faces a great reputational risk, whereas the scandal is based on fact or myth. In addition to the fact that Coca-Cola India is imposed to the risk of losing its market share, the company has a moral obligation and responsibility which it has taken when formally announced its mission statement, core values and principles. The company should...
7 Pages(1750 words)Essay
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 Assignment on topic Corporate Social responsibility assignment for FREE!

Contact Us