quora
Nobody downloaded yet

Corporate Social Responsibility is Fundamental to Developing a Global Reputation - Essay Example

Comments (0) Cite this document
Summary
A global company has to invest in corporate social responsibility in order to develop a global reputation. A company cannot develop a global reputation unless it can build sustainable operations…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Corporate Social Responsibility is Fundamental to Developing a Global Reputation
Read TextPreview

Extract of sample
"Corporate Social Responsibility is Fundamental to Developing a Global Reputation"

Download file to see previous pages The company can build sustainable operations by investing in corporate social responsibility. Therefore investing in corporate social responsibility is fundamental to developing a global reputation. This is demonstrated by multinational corporations such as Johnson & Johnson and Starbucks. They have invested in different programmes of corporate social responsibility and thus have been able to face the recent financial crisis more effectively than competitors. The objective of developing a global reputation cannot be attained unless the multinational corporation is able to offer products and services which promote social and environmental standards. By enforcing social and environmental standards, a multinational corporation invests in corporate social responsibility which leads to a global reputation. Introduction Globalization leads to increased international trade through the reduction of tariffs. Increased international trade creates global companies which can be defined as those companies which possess production/marketing operations in more than one country. One of the key success factors for global companies is corporate social responsibility, defined as taking into account the impacts of business operations on the society and the environment in addition to the traditional measurement of the company’s profits. This creates an operational framework in which global companies have to take local concerns into consideration. By conducting operations in a manner which takes into consideration their social and environmental impacts, a global company is able to build a good reputation globally. The objective of this paper is to explore how corporate social responsibility enables a multinational corporation to develop a global reputation. Analysis of key issues Globalization increases the volume of international trade by reducing the national barriers to trade such as tariffs and subsidies. This leads to the creation of a multinational corporation which can conduct production and marketing operations in more than one international market. An example of globalization is China’s entry into the World Trade Organization enabling western companies to set up operations in the fast growing Chinese economy. However the Chinese market is still regulated by the government and there is a considerable level of regional fragmentation in the government regulations. Therefore it is essential for foreign organizations to develop a good reputation in the Chinese market so as to create a good image in the local communities. This is one of the key success factors given the rising level of competitive rivalry as the Chinese market has been liberalized enabling foreign companies to set up their operations in the fast growing market. As a result companies need to develop programs of corporate social responsibility to develop a competitive advantage by developing a global reputation. Global companies can implement programs of corporate social responsibility by taking into account the triple bottom line (McConnell & Brue, 2007). First the global company has to take into consideration the costs of managing people when it comes to transferring operations to a foreign market. This focus enables the management to conduct operations in a socially responsible manner so that employee satisfaction is maximized. Second, the company has to take into consideration the environmental costs of global operations. This means that the management takes into account the impact of its operations on the planet. Third, the company takes into account the traditional measurement of profits. Therefore the triple bottom line consists of people, planet and profit, also known as the three P’s. By conducting its global operations according to the triple bottom ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Social Responsibility is Fundamental to Developing a Global Essay”, n.d.)
Retrieved de https://studentshare.org/management/1390808-globalization-and-csr
(Corporate Social Responsibility Is Fundamental to Developing a Global Essay)
https://studentshare.org/management/1390808-globalization-and-csr.
“Corporate Social Responsibility Is Fundamental to Developing a Global Essay”, n.d. https://studentshare.org/management/1390808-globalization-and-csr.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
CORPORATE SOCIAL RESPONSIBILITY / THE CASE OF BP
With a large percentage of the workforce being young and enthusiastic they are volunteering with utmost dedication and concern and not as a mere obligation. Even in the absence of any legal binding the concept is catching on worldwide. Where did this concept emerge Really speaking this concept is neither the brainchild of a single person nor of a single organization.
18 Pages(4500 words)Essay
Corporate Social Responsibility
The research will provide valuable resources for the field of corporate leadership. Recently, some intriguing research has been conducted concerning CSR in use. While these studies attempt to move beyond the philosophical, speculative, and prescriptive tendency characterizing most of the literature in CSR, no studies have examined CSR criteria from the corporate executive's perspective.
28 Pages(7000 words)Essay
Corporate Social Responsibility and Globalisation
Hence, numerous multinational companies (MNCs) should discover means to deal with the problematic endeavour of choosing the ideal ethical practice for a particular organisation on a global level (Sims 2003). This essay discusses the relationship between the continuous growth of globalisation and the development of corporate social responsibility (CSR).
8 Pages(2000 words)Essay
Corporate Social Responsibility in event management in the 21 century
Corporate social responsibility requires that an organization acts with rectitude and responsibility to the community it exists. There have always been arguments as to whether CSR is a liability, advantage or responsibility. The answer can be said to be that it is a responsibility for the organization to create a strong interdependence between the business and society (Conway 2009, 128; Schwartz 2011).
4 Pages(1000 words)Essay
Corporate social responsibility and ethical dilemmas
6 Part B 7 Professional Development Skills: Personal Reflection 7 Conflict Resolution 8 Building Trust, Relationships, and Communication in Financial Organizations  11 Conclusion 12 Works Cited 13 Part A: Ethics and Corporate Social Responsibility in Financial Institutions Introduction Responsible business for both organization management and employees entails following corporate ethics.
12 Pages(3000 words)Essay
What is CSR (Corporate Social Responsibility) To what is there a business case for CSR
What is CSR? To what is there a business case for CSR? It should be adopted by the companies, since it has several advantages. The following discussion substantiates this contention. It is a concept, wherein companies merge environmental and social considerations with their business activities.
8 Pages(2000 words)Essay
Finance and Accounting Essay: Corporate Social Responsibility
Corporate social responsibility (CSR) is an essential facet of the business world in the last eighty years. As early, as the 1930’s idea of the social responsibility of organisations has already been alluded and discussed by some practitioners (Hemingway, 2002).
20 Pages(5000 words)Essay
The managment of corporate social responsibility in developing economies
The increasing gap between the rich and the poor becomes obvious because usually in the developing economies, the highly educated and the skilled class of people get the opportunities to benefit from the economic
4 Pages(1000 words)Essay
Corporate Social Responsibility Programs Marketing Managers
Social responsive and social responsible corporations go beyond making a profit or meeting economic and legal standards. Social responsive businesses adapt to changing societal conditions. Marketing managers are steered by social norms and act to satisfy a popular social need.
9 Pages(2250 words)Essay
Samsung's Corporate Social Responsibility
The current report will throw light on the critical aspects of corporate governance and corporate social responsibilities of Samsung Company. While corporate governance is majorly concerned with the internal issues of an organization, corporate social responsibility is that department which deals with the external environmental factors affecting the company.
7 Pages(1750 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 Corporate Social Responsibility is Fundamental to Developing a Global Reputation for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us