Strategic implications of Corporate Social Responsibilities - Essay Example

Comments (0) Cite this document
Summary
The research paper “Strategic implications of Corporate Social Responsibilities” aims at analysing and understanding the critical role of CSR in building profit and its overall strategic implications on the performance of an organisation…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.5% of users find it useful
Strategic implications of Corporate Social Responsibilities
Read TextPreview

Extract of sample "Strategic implications of Corporate Social Responsibilities"

Download file to see previous pages According to Forbes (2012), involvement in CSR results in creative development and cost reduction within the organisation. An organisation, that is focusing upon sustainability will innovate and undertake methods to achieve the purpose. Such steps often result in creation of a new product that is eco-friendly and cost efficient. Forbes (2012) highlighted at least six reasons for organisations to incorporate CSR in their business activities: innovation, cost advantage, brand differentiation, long term strategic importance, customer engagement and employee engagement. Innovation, in context of CSR, can result in identification of multiple of sustainable business opportunities emerging ahead of an organisation. For instance, Unilever, as a part of its CSR towards environment, was able to develop a new hair conditioner that unlike other substitutes required less water. Once sustainability is incorporated in activities, it is obvious to witness effective utilisation of resources, efficient consumption of energy and other non-renewable resources and increased usage of eco-friendly materials. It has been observed so far that brand differentiation has become one of the primary reasons for organisations to embrace CSR. Prominent companies such as Coca-Cola and Pepsi have incorporated brand differentiation in their products such as water bottles that are recyclable in nature, to enhance their brand image as sustainable organisations. In addition to brand differentiation in this interactive environment which can be achieved. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic implications of Corporate Social Responsibilities Essay”, n.d.)
Strategic implications of Corporate Social Responsibilities Essay. Retrieved from https://studentshare.org/business/1653598-a-number-of-strategic-management-theorists-argue-that-for-an-organisation-to-be-continuously
(Strategic Implications of Corporate Social Responsibilities Essay)
Strategic Implications of Corporate Social Responsibilities Essay. https://studentshare.org/business/1653598-a-number-of-strategic-management-theorists-argue-that-for-an-organisation-to-be-continuously.
“Strategic Implications of Corporate Social Responsibilities Essay”, n.d. https://studentshare.org/business/1653598-a-number-of-strategic-management-theorists-argue-that-for-an-organisation-to-be-continuously.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Strategic implications of Corporate Social Responsibilities

Corporate Governance and social responsibilities

...? Corporate Governance and social responsibilities Table of Contents Executive Summery………………………………………………………………………2 Introduction………………………………………………………………………………3 Corporate governance…………………………………………………………………….3 Parties to corporate governance…………………………………………………..3 Endorsement of corporate governance in the company…………………………..5 Corporate governance guidelines…………………………………………………7 Corporate Social Responsibility…………………………………………………………..8 Employees’ relation……………………………………………………………….7 Water conservation………………………………………………………………..9 Environmental protection…………………………………………………………10 Customer relation…………………………………………………………………11 Community support……………………………………………………………….12 Conclusion…………………………………………………………………………………12 Bibliography... ...
12 Pages(3000 words)Essay

Real Estate: Improving Corporate Social Responsibilities

...?Project Real E Improving Corporate Social Responsibilities of Project Real e has recently been through changes and downfalls because of the economic difficulties in various areas. This is combined with changing trends that are highlighting the problems with the real estate industry, specifically with maintaining and selling homes. This project will look at a real estate company that specializes in selling homes and corporate buildings as well as corporate social responsibilities that are required. The change in corporate social responsibilities will then provide a deeper understanding of the abilities to succeed with real estate while fluctuating with approaches according to social, economic, political and cultural trends... at real estate...
15 Pages(3750 words)Assignment

Does corporate Social Responsibility influence consumers behaviors

...of Corporate Social Responsibility, Balance Scorecard, Legitimacy Theory, and Stakeholder Theory. Secondly, the third section will explain suitable methodology for the study in order to increase the reliability and validity. The following section is the heart of this paper, a quantitative statistic work will exam the research questions. The findings and implications will be presented in the fifth section and will be followed by conclusions and limitations in the sixth section. Finally, there will be a list of references. Literature review: Corporate Social Responsibility: Corporate...
16 Pages(4000 words)Essay

Levi's Corporate Social Responsibilities (CSR)

...? Levi's Corporate Social Responsibilities (CSR) Danica Magat 18 March Business is one of the most essential elements of one’s economy. In having a business, you are contributing not only for your own benefit but also for the advantage of numerous sectors. It is an endeavor that reaches out to suppliers and producers who provides raw materials, the manufacturers who turns these raw materials into final products, and the customers who consumes the product. Thus, it is also beneficial to those who work for such businesses and companies as it provides them employment. To perceive business as a mere profit milking enterprise is indeed superficial. In taking this perception into a deeper perspective, brings us to a more substantial... , Levi’s ®...
7 Pages(1750 words)Essay

Corporate Social Responsibility

... 2011, 'Corporate social responsibility practices in India: approach, drivers, and barriers', Corporate Governance: The International Journal Of Effective Board Performance, 11, 4, pp. 399-414, Business Source Complete, EBSCOhost, viewed 4 November 2013. Bowen, HR 1953 Social Responsibilities of the Businessman. New York: Harper & Row Burgenmeier, B & Mucchielli, JL 2013 Multinationals and Europe 1992 (RLE International Business): Strategies for the Future. Abingdon, Oxon: Routledge Carroll AB 1995 “Stakeholder thinking in three models of management morality: A perspective with strategic implications. In J. Nasi (Ed.), Understanding Stakeholder Thinking, pp. 47-74, Helsinki, Finland: LSR-Publications Carroll, AB 1991 “The pyramid... of CSR...
10 Pages(2500 words)Essay

Organizations in Social Responsibilities

...for companies because they, above all, should embody social principles and ideals that must not be violated easily or at all (Beauchamp & Bowie 2003). Organizations should engage in socially responsible behavior because it is a core of business and fair economic relations. We could not live in a community in which taking what one wants had no consequences. So the socially responsible behavior based on law is both a set of structures for social stability and a set of moral guideposts. Individuals rarely cross the border from legal to illegal behavior. But crime is a fact of our everyday life. Organizations should engage in...
13 Pages(3250 words)Essay

Understanding strategic corporate social responsibility

...obtain payments for the goods they provide. Funds remaining after all these payments represent profit for the stockholders, as compensation or premium for the risk they take. Another objection is the concept is a fundamentally moral one. According to this view, corporations are not moral agents that can act for moral reasons. The implication of managerial involvement in social problem solving is that the free enterprise system would be compromised or undermined. It would also mean that the consumers, minorities, environmentalists would have to be represented in the boards of the corporations and the decision making would become political, no longer economic in...
8 Pages(2000 words)Essay

Corporate Ethics and Responsibilities

...CORPORATE ETHICS AND RESPONSIBILITY Required: Discuss the issues and set forth and defend a clear position on whether or not any constraint ought tobe placed on the following freedoms: 1. The freedom to export capital for production abroad – This proposition should operate under minimal constraint, if any at all. In light of the Kantian theory, an action is right and ethical if it is in accordance with a principle that is required by rationality as a categorical imperative. A universal law is involved, that which finds its validity in natural law. In the freedom to export capital for production abroad, what is involved in the economic principle of free market forces. The behaviour of demand and supply...
2 Pages(500 words)Essay

Corporate Social Responsibilities report

...ID Number: Corporate Social Responsibilities Report Step One The Wendy’s company is highly concerned about their corporate social responsibilities. Wendy considers its people to be most valuable asset and key to their overall success and growth. The company has enhanced its CSR activities through organizing wonderful kid’s adoption program. This program comprises of 194 full-time adoption recruiters and works in collaboration with foster care children across Canada and United States. They are also centered towards providing healthy food to all customers along with ensuring environmental sustainability. Wendy’s have a board of registered...
6 Pages(1500 words)Assignment

Corporate Social Responsibilities

...Corporate Social Responsibilities Introduction Corporate social responsibility basically addresses the impact of companies on the stakeholders. In addition, CSR plays a role in identifying the domains that companies need to consider in their relations with various stakeholders. In essence, CSR reminds organisations of their responsibilities to the society. In this regard, businesses also operate as social institutions that are responsible to internal and external stakeholders. Due to the societal expectations, CSR is necessary in terms of ensuring that organisations embrace sustainable...
12 Pages(3000 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 Essay on topic Strategic implications of Corporate Social Responsibilities for FREE!

Contact Us