Corporate Responsibility: Tradition of Commitment - Essay Example

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This essay describes the possibilities of the effects of Corporate Social Responsibility on the Corporate Financial Performance. Fifteen companies, the pharmaceuticals, and telecommunications are analysed to detect: positive, negative link and the possibility of no apparent link between CSR and CFP…
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Corporate Responsibility: Tradition of Commitment
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Download file to see previous pages These activities are likely to encourage more patronage of Glaxo’s products; hence, leading to a better financial performance (GlaxoSmithKline, 2011) There are no direct statistical representations of how GlaxoSmithKline’s great Corporate Social Responsibility has actually affected its Corporate Financial Performance. However, the inference is that sticking to ethical conduct may have helped GlaxoSmithKline to gain positively from their CSR policies (GlaxoSmithKline, 2011) Apparently, there are no negative links between GlaxoSmithKline’s CSR policies and the company’s overall Corporate Financial Performance Merck & Co It is believed that highly organized and effective CSR will definitely produce a positive link with a company’s CFP (Carroll & Buchholtz, 2011). Merck operates transparently, monitors its corporate activities against the environment and involves in community building (Merck & Co, 2011) There are no statistical or documented evidence that there is no direct link with Merck & Co’s CSR and CFP There is no possibility of a negative link between CSR and CFP for Merck & Co. ...
As a result of this, the company is one of the best-loved pharmaceutical companies in the world. Hence, this has improved the patronage of the company’s products. There is every possibility that Novartis AG’s CSR truly contributed to the company’s advancement in the world There are no apparent negative link with Novartis AG’s CSR activities Gilead Sciences Gilead Sciences ‘ elaborate response to AIDS in the emerging market and its transparent method of operations have made the company to earn a lot of respect as a frontline socially responsible companies that invest in their communities (Social Funds, 2011). And this is reflected in the demand for Gilead Sciences’ products. There is no evidence that the CSR attempts by Gilead Sciences do not impact the Financial Performance of the company No negative link between CSR and CFP as far as Gilead Sciences are concerned Sanofi-Aventis Sanofi-Aventis concentrates on acting responsibly for their patients through strict adherence to ethics, best practices and investment in the communities and people in them (Sanofi-Aventis, 2011). This attitude will only bring positive growth and better financial performance to the company (Carroll & Buchholtz, 2011) There are no statistical or documented evidence that there is no direct link with Sanofi-Aventis’s CSR and CFP Apparently no negative link between Sanofi-Aventis’ CSR and CFP. AstraZeneca AstraZeneca’s CSR programs include but are not restricted to maintaining operational transparency, human rights, standardized code of conducts, environmental sustainability and patient safety (AstraZeneca, 2011). ...Download file to see next pagesRead More
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