Studentshare
Subjects
Management
How Corporate Social Responsibility and Corporate Reputations Affect Profitability

How Corporate Social Responsibility and Corporate Reputations Affect Profitability - Capstone Project Example

Summary

The aim of this project "How Corporate Social Responsibility and Corporate Reputations Affect Profitability?" is to assess and evaluate the impact of corporate social responsibility on stakeholders’ confidence along with the benefits to the corporate from the increased corporate reputation…

Download full paper File format: .doc, available for editing

GRAB THE BEST PAPER97.8% of users find it useful

How Corporate Social Responsibility and Corporate Reputations Affect Profitability

Read Text Preview

Subject: Management
Type: Capstone Project
Level: Undergraduate
Pages: 49 (12250 words)
Downloads: 8
Author: vernjaskolski

Extract of sample "How Corporate Social Responsibility and Corporate Reputations Affect Profitability"

Download file to see previous pages

The introduction chapter provides special attention regarding the concepts associated with Corporate Social Responsibility, and Corporate Reputation and its impact on organizational profitability. In addition, this chapter encompasses the research aims and objectives along with the significance of the study. This chapter further highlights the plan of the study i.e. the research methods used along with the conceptual framework. Lastly, this chapter includes the overall summary of the dissertation. 1.2.

INTRODUCTION TO STUDY During the last two decades, organizations have grown significant concerns regarding Corporate Social Responsibility (CSR). Through CSR, organizations have been describing their contributions to the community while balancing the organization’s impact on the environment. With the passage of time, organizations have extended their responsibilities towards CSR as it has helped the organizations to promote sustainable growth in the company’s core business activities.

Businesses have long pursued their single most dominant motive i.e. profit. Significant changes have been observed from earlier days to the modern world. One of the prominent changes includes the utmost attention towards the development of community and society. In simpler words, the concept of giving the society back has greatly impacted the profitability of the businesses in local and international markets. Today the profitability of the company is fueled through its attention to social responsibilities.

Due to this very reason, the organizations have shown an optimistic attitude towards CSR. Corporate Social Responsibility (CSR) has become an essential concept and has gained popularity since 1970. With the passage of time, several activities have been associated with the concept of CSR including diversity management, community development, improvement in working conditions, financial investments for environmental sustainability, etc. In addition, several terms have been associated with the concept of CSR.

Some of the prominent concepts include Corporate Social Performance (Irina-Eugenia, Laura-Gabriela, and Cosmin-Silviu-Raul, 2010), Corporate Citizenship (Zadek, 2001), and Sustainable Business (Vogel, 2005).

...Download file to see next pages Read More

CHECK THESE SAMPLES OF How Corporate Social Responsibility and Corporate Reputations Affect Profitability

Corporate Social Responsibility

This essay talks about corporate social responsibility which is an initiative or any undertaking by a company to take responsibility and accountability for the effects of its activities on the surrounding environment and the social welfare of the communities around its area of operation.... This essay stresses that for a long time the key areas of corporate social responsibility haves been the well-being of the company's employees and the protection of the environment....

4 Pages (1000 words) Research Paper

Corporate Social Responsibility Is Profit-Driven

The author of the paper "corporate social responsibility Is Profit-Driven" will begin with the statement that the definition of corporate social responsibility suggests that apart from the financial outcome the companies also have a responsibility towards the society.... corporate social responsibility (CSR) is a term used often by organizations in attempting to discharge their responsibility towards society.... nbsp;… Studies by different researchers suggest that even in discharging their social responsibility, their actions are performance-driven....

7 Pages (1750 words) Research Paper

Corporate Social Responsibility of the Dow Chemical Company

hellip; The idea of this research emerged from the author's interest and fascination in how corporate social responsibility is attained by the firm, using CSR analytical tools as a framework for the analysis.... This write-up is an analytical paper focusing on the corporate social responsibility of The Dow Chemical Company.... To begin with, it will first of all highlight the importance of corporate social responsibility for companies, in general....

11 Pages (2750 words) Essay

The Impact of Corporate Social Responsibility on Organisations

The purpose of this paper is to discuss corporate social responsibility and to identify its positive and negative consequences on organisations.... Similarly, research was undertaken by Burke & Logsdon (1996: 495) on how corporate social responsibility pays off reveals that proponents of CSR are convinced that it pays off for the organisation as well as for the firm's stakeholders and for society.... The practice of corporate social responsibility (CSR) by organisations leads to both positive and negative consequences for firms....

10 Pages (2500 words) Research Paper

Ethics and Social Responsibility for Corporates

The three levels are Ethical stance, corporate social responsibility and the role of individuals and managers.... This report “Ethics and social responsibility for Corporates” aims at discussing two important elements in every business, ethics and social responsibility.... A detailed discussion of the ethics and social responsibilities has been included.... However, the organizational stakeholders such as the employees and the unions have a claim on how the company operates to achieve the objectives....

11 Pages (2750 words) Essay

Principles of Corporate Social Responsibility

This paper will attempt to explain the principles of 'corporate social responsibility', its importance in the corporate world and the extent to which recession has affected its activities.... For meeting the objectives of corporate sustainability, organizations resort to corporate social responsibility in its strategic management process.... Specifically, corporate sustainability can be termed as 'corporate social responsibility'.... corporate social responsibility helps firms to achieve their corporate sustainability....

8 Pages (2000 words) Term Paper

Corporation Power over Society

s previously mentioned, corporations have been much concentrated on gaining power as well as enhancing profitability over the years of their operations.... It is crucial to comprehend that whatever a company's position is in the global arena, their primary goals is to operate in an effective and efficient manner in order to gain sustainability, ultimately resulting in high profitability and growth....

9 Pages (2250 words) Coursework

Business Ethics: Corporate Social Responsibility

"corporate social responsibility" paper carries out a critical analysis of the different perspectives of corporate social responsibility, highlighting strategies used by companies in the modern-day.... nbsp;… Friedman seems to have developed a strong argument against corporate social responsibility.... nbsp; Although corporate social responsibility has gained popularity in the 21st century, it was a concept developed in the 20th century....

10 Pages (2500 words) Coursework