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.
Nobody downloaded yet

Report on Corporate Social Responsibility - Research Paper Example

Comments (0)
Summary
CORPORATE SOCIAL RESPONSIBILITY – THEORY AND IT’S APPLICATION IN BOMBARDIER INC TABLE OF CONTENTS CORPORATE SOCIAL RESPONSIBILITY – THEORY AND IT’S APPLICATION IN BOMBARDIER INC 1 TABLE OF CONTENTS 1 Introduction: 2 Corporate social responsibility: 3 Components of CSR: 3 CSR policies at Bombardier Inc: 4 Conclusion: 7 References 7 Introduction: The primary objective of a business organization is to generate return on investment for its owners…
Download full paper
GRAB THE BEST PAPER
Report on Corporate Social Responsibility
Read TextPreview

Extract of sample
Report on Corporate Social Responsibility

Download file to see previous pages... In the case of larger organizations like corporations, it also means providing adequate returns to a large number of shareholders. But as businesses grew (due to aspects like better infrastructure), and the more modern concepts like globalization and free trade, profit alone ceased to be the sole criteria due to the impact of business organizations on other stakeholders. There was a growing demand that business organizations should be more responsible to both its direct and indirect stakeholders. It was out of this need that the concept of corporate social responsibility or CSR was born. This paper reviews the concept of CSR and its various aspects and parameters. It will then move on to apply the theory to a practical context though analysis of the CSR policies of Bombardier Inc, one of the most respected multinational corporations with its headquarters in Montreal, Canada. Corporate social responsibility: The term ‘responsibility’ indicates that organizations should look beyond laws and statutes in their quest for profitability (Esposito, 189). According to the author, the concept of CSR has its modern origin in a publication by Howard Bowen in 1953 which specifically state that organizations have a larger obligation to the society at large that should take into consideration its objectives and values. In other words, the management of business organizations now needs to look at balancing profitability and sustainability through this important concept called CSR. The World Business Council for Sustainable Development provides a broad definition of the concept – “the continuing commitment of business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Mullerat, 15). A review of literature shows that there is no proper or specific definition as to what constitutes CSR. But the generally accepted principles that are taken into consideration is given in the next section. Components of CSR: The above definition indicates three aspects namely profitability, ethics and social obligations. Esposito, referring to works by Sethi and Carroll provides the following components which provide an overall view the concept of CSR. The first and the most important one is the economic responsibility to shareholders and other direct stakeholders like employees, creditors, and tax obligations. The second related responsibility is to ensure that all legal and statutory regulations are complied with. The third tier is to ensure that the business is done in an ethical manner that does not harm the environment and the society at large. The final stage of CSR is philanthropic in nature whereby organizations can go beyond their call of duty and engage in helping impoverished sections of the society. This could include charitable activities, helping to protect the environment, etc. So, CSR can include a broad range of parameters which is primarily dependent on the long term policy of the management of an organization. The above observation is in tune with the observation of CSR by the ‘Industry Canada’ website publication which states that “Corporate social responsibility is about the integration of social, environmental, and economic considerations into the ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Corporate Social Responsibility
 The foreign affairs and international trade department, Canada, has defined Corporate Social responsibility (CSR) as the way companies integrate social, environmental and economic concerns into their values and operations in a transparent and accountable manner. 
5 Pages(1500 words)Research Paper
Disney Culture, Social Responsibility and Corporate Identity
This includes media networks, parks and resorts, studio entertainment, consumer products and interactive media (Gabler 13). The Disney media networks expanded its existing operations and started divisions focused upon theatre, radio, music, and a variety of properties on the television.
7 Pages(1750 words)Research Paper
Corporate Social Responsibility
People have foregone the cultural aspects of the traditional society which emphasized the need for good parenting, responsible lifestyles and general integration of children into the society through teachings that contribute positively to their lives. However, the fast-paced world has increasingly denied the child a chance to participate in the building of the society with parents spending too much time working at the expense of parental guidance and love (Kumpfer, Alvarado and Whiteside, 2003).
4 Pages(1000 words)Research Paper
Corporate Social Responsibility (CSR) Report Analysis
S. Hershey. This implies that the company has been operating for long, and its management has a lot of experience in terms of the achievement of their CSR goals (Rogers, et al, 2008). The company also has a large labor force that comprises of over 13, 000 employees who provide millions of products to the company’s customers who live all around the globe.
3 Pages(750 words)Research Paper
Corporate Social Responsibility
According to the report CSR may incur some costs that are short term and do not have immediate benefits on the fiscal position of the company. It will endorse positive ecological and social change. It helps a company to promote its vision as an accountable to wide range or players like investors, stakeholders and shareholders.
4 Pages(1000 words)Research Paper
British Gas. Proposal for Corporate Social Responsibility Program
The contemporary world of commerce requires that businesses to go beyond the motive of profit making in business. To this end, it is a paramount for any organization to incorporate a corporate social responsibility component that aims to ensure that its operations exude economic, social, and environmental benefits in a sustainable manner.
5 Pages(1250 words)Research Paper
Research Project : Corporate Social Responsibility
The term CSR can be defined as the adoption as well as the execution of different sorts of initiatives by organizations in order to deal with the issues related to environment. It has been apparently observed in this similar background that business operations of different companies release harmful chemicals as well as gases to the environment resulting in affecting the health of the people living around at large.
7 Pages(1750 words)Research Paper
Corporate Social Responsibility Report
Toyota has placed it its primary objective to develop a social policy that bases its parameters on diversity, responsibility and equality for its major contribution on social and economic development of the society.
5 Pages(1250 words)Assignment
Corporate Social Responsibility Plan
In most cases, these strategic plans have been operated from four major themes, three of which are directly found in the 3 spheres namely economic, political and civil society. The forth is environmental. It has however been established that not much focus has been
10 Pages(2500 words)Research Paper
Corporate Social Responsibility Report
The program can include incurring short-term expenditures that do not culminate in any foreseeable financial advantage to the corporation, but instead foster positive social
7 Pages(1750 words)Essay
Let us find you another Research Paper on topic Report on Corporate Social Responsibility for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us