Nobody downloaded yet

Carrolls Pyramid of Corporate Social Responsibility based on Thames Water - Case Study Example

Comments (0) Cite this document
The main purpose of the study is to highlight the corporate social responsibility activities that are undertaken by Thames Water, a company in London. Additionally, the role of Thames Water is critically analyzed in terms of Carroll’s pyramid of Corporate Social Responsibility…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.1% of users find it useful
Carrolls Pyramid of Corporate Social Responsibility based on Thames Water
Read TextPreview

Extract of sample "Carrolls Pyramid of Corporate Social Responsibility based on Thames Water"

Download file to see previous pages According to Carroll (1983), corporate social responsibility (CSR) considers few activities of a business, which helps in increasing its profit and in doing so the company should also abide by the rules and regulations that are associated with law and ethics. In order to become socially responsible, a company has to obey laws and conditions that define the company’s ethics. The author has organized the different corporate social responsibilities under four layers, which are provided in a pyramid and it is named as a pyramid of responsibilities (Visser, 2005). According to the pyramid, the four responsibilities are legal, economic, ethical and philanthropic. Carroll and Buchhotlz (2003) have explained that the pyramid should be considered as a whole and the layers are not separated as it does not make any sense. The economic responsibilities indicate the methods that are employed for minimizing the cost and maximizing the sales or even devise strategic decisions, which will generate profit. The economic responsibilities are very important for the society and the company has to take these decisions very carefully (Carroll, 1979). The companies have to fulfill the demand of the shareholders for increased returns on their investment. The companies should employ those employees, who want fair paid jobs and they are also responsible for providing good quality products to the customers at a reasonable rate (Barth and Wolff, 2009). Hence, the primary responsibility of a business is to form a properly functioning unit and operate their business. Therefore, this is the base of the pyramid to which all the layers are connected (Dudovskiy, 2012). The companies are predicted to abide by rules and regulations that are levied by the higher authorities. This norm reflects the strictness of society towards the operation of a business. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The business of water Essay Example | Topics and Well Written Essays - 2000 words - 1”, n.d.)
Retrieved from
(The Business of Water Essay Example | Topics and Well Written Essays - 2000 Words - 1)
“The Business of Water Essay Example | Topics and Well Written Essays - 2000 Words - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Carrolls Pyramid of Corporate Social Responsibility based on Thames Water

The pyramid of corporate social responsibility - article review

...for maximizing profits. With time, there emerged a concept that organizations have moral and unrestricted responsibility to the society. This article establishes a background for corporate firm obligations and illustrates the guidelines to achieving social responsibility, which has been a long struggle. Carroll develops a policy that consists of a pyramid with four different responsibility levels namely, ethical responsibility, economic, legal, philanthropic, and ethical responsibility (Carroll 40). The pyramid of social...
3 Pages(750 words)Book Report/Review

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

...? Corporate Social Responsibility Emirates National Oil Company: Corporate Social Responsibility Emirates National Oil Company (ENOC) is the Oil and Gas Company group owned by the Dubai Government and runs its operations in Dubai and the northern parts of UAE. ENOC Processing Company LCC is one of its subsidiaries that run the operations of the Jebel Ali Refinery based in Dubai. The corporate vision of the ENOC group is that all the companies or the subsidiaries in the group would meet the highest standards of social responsibilities and would return the benefits to the society, environment and the economy is which it exists as a corporate citizen. The corporate social responsibility lies at the core of the oil and gas business... to UAE The...
4 Pages(1000 words)Essay

Corporate social responsibility

.... This implies that since much of the company case relies on businesses being viewed as socially responsible, the CSR department will continue to be used as a vehicle of Public relations for as long as it is much easier spinning than changing. An example to prove that CSR has often shitted from its responsibilities of providing shareholders and stakeholders with useful information on corporate social and environmental but are rather a public relations vehicle is in the submission of Monsanto, ExxonMobil, Pfizer, Bank of America, and Microsoft (Deegan & Rankin, 1996, p. 58.). This submission contended that if a company’s each press release, customer...
4 Pages(1000 words)Essay

Thames Water company

...of the Thames Water company. According the research done by Jeremy Moon entitle Government as a Driver of Corporate Social Responsibility No. 20-2004 International Centre for Corporate Social Responsibility Research Paper Series ISSN 1479-5214, Nottingham University Business School, United Kingdom which was done in the year 2004 stated that, based on its research on the two United Kingdom governments of the Conservative Margaret Thatcher and the Labour Tony Blair, they both were "encouraging Corporate Social Responsibility through...
12 Pages(3000 words)Case Study

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

Thames Water Case Study

...which it is serving. Its failure to do so, as the case study indicates, has threatened the community’s water security and has the potential to undermine their access to water. As regards the second, Thames’ decision to let employees go and its failure to keep wages stable in real terms, means that it does not regard its employees as stakeholders. Thames is failing to uphold both its corporate social responsibility and to define employees as stakeholders is not a sustainable situation. Certainly, the company is reporting profits at the moment, probably due to the fact that there is no substitute threat to their...
7 Pages(1750 words)Essay

The Pyramid of Corporate Social Responsibility: Review

...The Pyramid of Corporate Social Responsibility: Review al Affiliation Executives of firms usually have a hard time dealing with responsibilities of their corporation towards the society. Initially it had been argued that the sole purpose of firms was to ensure shareholders reap maximum profits. However, it was realized that firms had a role to play towards the society. The article being reviewed tries to explain the duties assigned to corporate bodies towards ensuring there’s a moral management system governing organizational stakeholders. The Pyramid of Corporate Social...
5 Pages(1250 words)Article

The Corporate Social Responsibility of the Volkswagen with Respect to Carrolls Pyramid of CSR

...CRITICAL ANALYSIS OF THE CORPORATE SOCIAL RESPONSIBILTY Contents Contents 1 1. INTRODUCTION 2 1.1 Aim of the report 2 1.2 The Volkswagen Company 2 1.3Content of the paper 3 2. THEORITICAL AND CONCEPTUAL ANALYSIS 4 2.1 Carroll’s Pyramid of Corporate Social Responsibility 4 2.1.1 Ethical Responsibilities 4 2.1.2 Philanthropic Responsibilities 5 2.1.3 Difference between the Ethical and Philanthropic Responsibilities 5 2.2 Analysis of the perspective of Ethical Responsibilities 6 2.2.1Volkswagen and Climate protection 6 2.2.2 Critical evaluation 8 2.2.3...
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 Case Study on topic Carrolls Pyramid of Corporate Social Responsibility based on Thames Water for FREE!

Contact Us