Nobody downloaded yet

Corporate Social Responsibility - Assignment Example

Comments (1) Cite this document
Summary
In the paper “Corporate Social Responsibility” the author analyzes the environmental, social and governance principles of corporate social responsibility. This notion entails that a business has to give back to the community in some way in order to show that it is fulfilling its obligation…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Corporate Social Responsibility
Read TextPreview

Extract of sample
"Corporate Social Responsibility"

Download file to see previous pages Social concerns basically focus on the issues in which the business affects the society. It is also referred to as ‘social justice’, under it the people, societies and culture are accounted for, they are protected through various social programs such as native lands, predatory lending and other forms of corporate hoarding (SRIplanner, 2011). Governance, or Corporate Governance, is not a widely known concept; however it is of major significance. It refers to the manners and ways in which a corporation is managed, incorporating issues such as transparency, executive compensation and general decision making. Hence, it reflects on how well the firm is including CSR in its policies and abiding by them (SRIplanner, 2011). 1.2. Discuss the links between an organizational Corporate Social Responsibility strategy and the organization’s internal stakeholders. The stakeholders of a business are a crucial determinant of the success of any CSR strategy. The stakeholders of a business can be categorized into two broad categories of internal and external stakeholders. This section focuses on the internal stakeholders and their link with the organization CSR strategy. The internal stakeholders of any business include the shareholders, the visitors and the staff/employees of a business. Their participation in the entire strategy is a key factor for attaining success, for if the key departments or staffs do not understand the program, then they would not support it enthusiastically, therefore an error in communication with internal stakeholders or lack of their involvement can bring down the entire CSR strategy by making it weak from the inside. The offices from which the staff operates should show that the firm is...
The stakeholders of a business are a crucial determinant of the success of any CSR strategy. The stakeholders of a business can be categorized into two broad categories of internal and external stakeholders. This section focuses on the internal stakeholders and their link with the organization CSR strategy. The internal stakeholders of any business include the shareholders, the visitors and the staff/employees of a business. Their participation in the entire strategy is a key factor for attaining success, for if the key departments or staffs do not understand the program, then they would not support it enthusiastically, therefore an error in communication with internal stakeholders or lack of their involvement can bring down the entire CSR strategy by making it weak from the inside. The offices from which the staff operates should show that the firm is environmentally friendly, the policies related to social endeavors should be hung around the workplace to depict importance, and the CSR efforts should be made public and transparent so that the employees and the people visiting the office can feel that they are connected to a firm that takes up responsibility and accounts for its actions. When the employees feel good about the place they work in, there would be lesser employee turnover and increased job satisfaction, and since motivation leads to increased productivity and growth, it is a positive sign for the business. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Social Responsibility Assignment Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved de https://studentshare.org/management/1390298-corporate-social-responsibility
(Corporate Social Responsibility Assignment Example | Topics and Well Written Essays - 2750 Words)
https://studentshare.org/management/1390298-corporate-social-responsibility.
“Corporate Social Responsibility Assignment Example | Topics and Well Written Essays - 2750 Words”, n.d. https://studentshare.org/management/1390298-corporate-social-responsibility.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ty
tyriquehettinge added comment 4 months ago
Student rated this paper as
This essay saved me today. I liked the structure. It was very useful for my management course.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
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
...? Accounting theory Accounting theory Corporate social responsibility (CSR) reports do not provide shareholders and stakeholders with useful information on corporate social and environmental but are rather a public relations vehicle. Introduction The major stakeholders of a company to be given information by the Corporate Social Responsibility include employees, customers, the government, suppliers, public interest groups, banks, and customers. The research using accounting theories in this context will focus on the primary stakeholders without whom the company cannot survive. Studies on secondary stakeholders or non-economic shareholders, that is the ones who affect or influence, affected, or influenced, yet are not involved... . These...
4 Pages(1000 words)Essay
Corporate Social Responsibility
...Director's duties towards shareholders and stakeholders. Profit maximization has been traditionally accepted as the singular and most significant objective of an enterprise. The shareholders are the indisputable owners of the company, therefore the directors' duty towards them is considered paramount. The implication is that the directors must strive to maximize the value of shareholdings. However, in recent years the idea of corporate social responsibility has gained much ground. Corporate social responsibility (CSR) is a "concept that suggests that commercial corporations have a duty towards all of their stakeholders in...
6 Pages(1500 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
Corporate Social Responsibility Plan
...Corporate Social Responsibility Plan 0 Executive Summary Nationwide Insurance is identified as a major stakeholder in the insurance and for that matter financial industry. Much of the company’s success can be attributable to leadership successes in terms of the kind of strategic plans that have been introduced and implemented over the years. 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 given to the need to incorporate these plans directly into corporate...
10 Pages(2500 words)Research Paper
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 for FREE!
Contact Us