Nobody downloaded yet

Corporate Social Responsibility - Essay Example

Comments (0) Cite this document
Summary
Corporate Social Responsibility Executive Summary 1. Introduction 2. Corporate Social Responsibility in practice – comparison and analysis of CSR reports of Wates Group, BAM Group and E.on UK 2a. Scope and contents of the reports 2b. Aims and objectives of the reports 2c…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
Corporate Social Responsibility
Read TextPreview

Extract of sample "Corporate Social Responsibility"

Download file to see previous pages Recommendations for the enhancement of the reports 3. Conclusion References Appendix Executive Summary The evaluation of the perspectives of modern organizations within the global market is quite difficult. The increasing financial turbulences and social conflicts worldwide have caused delays in the stabilization of firms; moreover concerns often appear in regard to the potentials of a firm to face its competitors and achieve a stable growth. The corporate reports are used as sources for evaluating the current status of organizations but also their potential performance in the future. Particular emphasis is given on the CSR reports, which indicate the efforts of firms for addressing their social and environmental responsibilities. These reports are likely to be used for the development of communication between organizations and their stakeholders. The review of the CSR reports of three organizations operating in different industries in UK proves the value of CSR reports for the improvement of organizational performance. It is also proved that each organization is likely to use different approaches for addressing its social and environmental obligations, as resulting by the principles and standards set by the relevant international organizations. 1. Introduction The response of organizations to their social and environmental responsibilities has been traditionally considered as a criterion for evaluating the potentials of these organizations to meet the market’s requirements. In this context, Corporate Social Responsibility (CSR) has become a vital part of organizational activities. The above fact is also highlighted in the literature published in the specific field. It should be noted, though, that theorists and researchers have used different approaches in order to explain the importance of CSR within modern organizations. In accordance with Habisch (2005) the corporate responsibility should be considered as ‘part of the political and social tradition’ (Habisch 2005, p.38). Moreover, Boeger et al. (2008) note that CSR reports should take into consideration the local culture and ethics. Also, Mullerat et al. (2010) notes that CSR is commonly used as ‘a tool for enhancing shareholder value’ (Mullerat 2010, p.130), a target that is characterized as of key importance for the success of organizational plans. On the other hand, Idowu et al. (2008) note that the development of credible evaluations regarding the CSR initiatives of modern organizations can be achieved only by using appropriate standards and principles, as set by relevant international organizations. From another point of view, Anderson (1989) supports that the quality and the credibility of CSR reports can be checked effectively through appropriate organizational schemes, for instance the development of a ‘social responsibilities audit’ (Anderson 1989, p.255). It should be also noted that firms are likely to set different priorities in regard to their CSR plans, as indicated in the graphs presented in Figure 1 & Figure 2 (Appendix section). Current paper focuses on the review of the CSR reports of three firms operating in different industries within the British market: the Wates Group, a well – known construction firm, the BAM Group, a firm operating in the field of international contracting, as part of the Royal BAM Group, a European construction enterprise’ (BAM 2011, About us) and E.on, a key competitor in the power generation industry of UK. The CSR reports ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Retrieved de https://studentshare.org/management/1392832-corporate-social-responsibility
(Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 2000 Words)
https://studentshare.org/management/1392832-corporate-social-responsibility.
“Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/management/1392832-corporate-social-responsibility.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Corporate Social Responsibility

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 Essay on topic Corporate Social Responsibility for FREE!

Contact Us