StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

CSR and corporate ethics - Essay Example

Comments (0) Cite this document
Summary
CSR and Corporate Ethics Table of Contents Table of Contents 2 Introduction 4 Definition of Main Terms 4 Corporate Social Responsibility (CSR) 4 Corporate Ethics 5 Critical Arguments 5 Role of CSR in Travel and Tourism Industry 5 Role of Business Ethics in Travel and Tourism Industry 6 Benefits of Implementing CSR and business ethics in the tourism industry 7 Evaluation 8 The Link of CSR in Tourism Industry 8 The Link of Business Ethics in Tourism Industry 8 Conclusion 10 References 11 Bibliography 14 Introduction The affiliation between the business and the society has long been witnessed to be a major source of intellectual interest in this present day context…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.8% of users find it useful
CSR and corporate ethics
Read TextPreview

Extract of sample "CSR and corporate ethics"

Download file to see previous pages Considering from a general standpoint, it can be affirmed that an organisation cannot flourish until and unless the environments in which it is operating are healthy. Similarly, maintaining ethics in workplace is equally important. Ethics guides an organisation to maintain moral, ecological and social consciousness within a specific organisation (Gangone & et. al., 2010). Definition of Main Terms Corporate Social Responsibility (CSR) In this competitive market, the main responsibility of the businesses has been to make money and boost shareholders’ value. In precise, corporate finance responsibility has been noted to be one of the prime objectives of businesses. However, in the previous few decades, wider corporate responsibility for the environment, local communities, working conditions and ethical practises has gained momentum. This particular notion can be related with the notion of Corporate Social Responsibility (CSR) (Rionda, 2002). ...
al., 2002). Corporate Ethics In this present day context, the market economy is driven by consumer preference and consumer capacity. However, during the preceding four decades, there has been an escalating requirement for acquiring information on social along with environmental impact of corporate policy and appraisal effects. Ethics is not a new term for the corporates. As a matter of fact, corporate possesses certain rules, standards and norms for conducting business. However, these practices can be changed from one country to other having social along with cultural basis. Thus, when corporate apply these standards or norms as a part of practice or responsibility, then it is often termed as ‘ethical code of conducting business’ or corporate ethics. In general, corporate ethics is regarded as the proper study of business policies along with practices relating to certain significant aspects that include unfairness, trading, CSR and corporate governance among others (Crowther & et. al., 2008; Berenbeim, 1987). It has been apparently observed that corporate ethics and CSR are interrelated with each other and thus require to be understood in detail. However, it is often viewed that both these terms have different meanings. The former concerns the impact of the entire business activities on the environment and the latter is related to an individual or work group consideration that society judges as right or wrong. Critical Arguments Role of CSR in Travel and Tourism Industry In today’s frequent changing business environment, the industry of travel and tourism is facing quite competitive situation in the global market. In order to determine the role of CSR in this particular industry, it can ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“CSR and corporate ethics Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
CSR and corporate ethics Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/tourism/1494764-csr-and-corporate-ethics
(CSR and Corporate Ethics Essay Example | Topics and Well Written Essays - 1500 Words)
CSR and Corporate Ethics Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/tourism/1494764-csr-and-corporate-ethics.
“CSR and Corporate Ethics Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/tourism/1494764-csr-and-corporate-ethics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF CSR and corporate ethics

Corporate soical responsibility CSR

...Corporate Social Responsibility Introduction Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time" (Carroll and Buchholtz 2003) The traditional view about the objective of any organisation is that the organisation's primary responsibility is towards the owners or shareholders. However corporate social responsibility expects the organisations to take up a larger responsibility that encompasses the interests of not only the shareholders but many other internal and external stakeholders like employees, suppliers, customers, local community, local, state and federal governments, environmental groups and other special...
5 Pages(1250 words)Essay

Corporate Social Responsibilty (csr)

...CORPORATE SOCIAL RESPONSIBILTY (CSR) China Technology Development Group Corp (CTDC). The main idea of corporate social responsibility or CSR is to take up some responsibilities towards the society by the corporate world. In China the corporate communities always hide behind the Chinese government when it comes to fulfil social responsibilities. Because of these IT and Energy companies most of the environment has been polluted. Many of the environmental groups under the leadership of different environmentalists protested. With the help of Chinese government these industries were able to suppress the protests, which is not in the best interests of the citizens of China. Instead of these hiccups its business as usual for the companies...
2 Pages(500 words)Essay

Corporate Social Responsibility (CSR)

... 16 July Corporate social responsibility Corporate social responsibility is the of integration of the corporate self regulation into the model of a business. It is essentially a business commitment to comply with the standards of ethics and make contribution to the economic development of a nation along with an overall improvement in the standard of living prevailing in a society. CSR builds the capacity of sustainable living. CSR encourages the business personnel to respect the cultural differences and take all possible steps in order to enhance the skills of employees. Thus, CSR makes sure that the society is benefited in every possible way. CSR benefits the society through responsible business. In the contemporary society, global...
1 Pages(250 words)Essay

Corporate Social Responsibility (CSR)

In earlier times it was considered that the business is only responsible for the shareholders’ interest and other investors who have invested in the business but later on it was realized that business is not only responsible for its shareholders but each and every stake holder who is affected by the activities of the company (Sacconi, 2004, p.6). Corporate social responsibility is a broader concept as per which the corporate organizations has some responsibilities towards the society as a whole and therefore should practice ethical behavior and should also work towards the development of the society. This is a way of paying back to the society for the resources it has used and the environment in which it operates (Murthy, 2007, p....
4 Pages(1000 words)Essay

Corporate Social Responsibility(CSR)

... their corporate practices in general. Companies that decide to implement a CSR program start out by discussing the program in their codes of ethics and mission statements so that the interested parties and stockholders become aware of the program. Many companies presently have a separate CSR department that not only ensures that the company’s CSR program is noticed by the public but also manages the social programs of the company. Companies generally vary in the scope of their CSR program. A vast majority of the companies start implementing the CSR program at home by offering more health benefits and higher wages to their employees. Addressing the corporate suppliers is usually the step that follows that tends to create a constant supply...
2 Pages(500 words)Essay

CSR - corporate social responsibility

...Corporate Social Responsibility Environmental Minimization Strategies for Mobile Telecommunication Gadget Manufacture: Nokia Siemens Corporation Introduction In recent years corporate social responsibility (CSR) has become an increasingly critical concept in shaping business competitiveness and sustainable development (Business for Social Responsibility, 2009). According to Haigh and Jones (2006), on the basis of generic definitions for sustainable development, it implies a situation whereby a firm combines its economic goals with the responsibility for the social and ecological impacts those goals have on the environment. Among scholars and researchers in business management, there are both critics and supporters of CSR. While critics...
8 Pages(2000 words)Assignment

Corporate Social Responsibility (CSR)

...CORPORATE SOCIAL RESPONSIBILITY strategy report al Affiliation) Executive Summary Hennes & Mauritz is one of the biggest retail shops in the world which has established itself to a near monopoly status in the society dealing in cloths. It has spread its reach and tentacles around the globe due to the fact that quality and variety are its benchmarks and irreducible minimums. In the line of business, there are other factors and circumstances that ought to be considered other than the role of making profit and it is the notion of Corporate Social Responsibility. H&M has continues to pursue policies and principles of CSR as a moral imperative and part of the larger mandate to help humanity. Accordingly, H&M spends resources both financial...
11 Pages(2750 words)Coursework

The Business of Ethics: The Importance of Working With Integrity

1), “The subject of business ethics is one that has a long history of debate in business, academic, and public circles. Views vary on the extent of ethical responsibility that businesses should exercise. The minimalist position, long espoused by Milton Friedman, holds that the only ethical responsibility a business has is to make a profit within the confines of the law. In a free-market society, this single-minded pursuit of profit-making is ultimately in the best interest of society because market forces will maximize the economic well-being of societys members. Furthermore, Friedman argues that corporations are legal, not moral entities, and hence have no ethical obligations.”
However, most people would disagree...
6 Pages(1500 words)Essay

Canadian Corporate Business Law

This was done by virtue of a loan to Ashley in the sum of $300,000 providing Temper with a first mortgage against the suite.
Two politicians invest in Temper, Stefan di Yawn who invests $500,000 in respect of 500 Class A shares and Bob Eh invests $100,000 for 100 Class A shares. In order to secure these investments, the politicians take a security interest in Temper. Shortly after the company experiences some difficulty beginning with Angelina who is photographed spitting on the sidewalks which gets the attention of politician Hillary Squinton who ran her campaign on a clean sidewalks platform. She initiates action against Angelina by taking the matter up with Spitting on Streets Board chaired by Angelina’s boyfriend Br...
11 Pages(2750 words)Case Study

The Real Face of Corporate Social Responsibility

Effective communication is an important tool that has wide-ranging influence in the smooth functioning of corporate bodies. The role of corporate communicators is significant in the administration of the organization and projection of the organization’s aims and objectives in the eyes of the public and stakeholders.

Corporate communicators normally use a variety of techniques to communicate with different people. The administrators and managerial staff use effective communication to disseminate information about the changes that need to be made and make special efforts to create a barrier-free work environment. The barrier-free atmosphere and friendliness testify mutual respect and easy accessibility of management...
9 Pages(2250 words)Assignment

Economics or Ethics

Several CEOs in America have in coalition with top managers deviated from the norms of corporate governance and caused immeasurable woes to the stakeholders. Using their power and ego they chased the wealth for personal gains without any concern for the shareholders or other stakeholders of the company. Enron, the world’s largest energy trader at one time, had to file bankruptcy under Chapter 11 when about 5000 workers lost their job (Bhattacharya, 2004). Arthur Anderson, one of the big five auditing firms was charged to have colluded with the management to misappropriate funds and project a picture different from the reality. Income was inflated and then all concerned papers were destroyed. The leadership at Enron was conce...
6 Pages(1500 words)Assignment

Sample Exam Solution in IT and Ethics

...PART A Question a) Why is it important for an organization to have a of ethics? of ethics provides an essential channel to carry out day-to-day decision making at organizational work. It explains the foundation of your organization, its aims, standards and mainly helping your employees recognize how these foundations interpret into day to day decisions, behaviors and dealings. Some people may think that codes of ethics are proposed to bound one’s actions, the most excellent codes of ethics are in fact structured to liberate and authorizes people to create additional efficient judgments with greater self-confidence. An organization uses efficient code of ethics for many purposes: although two important ones are: A code of ethics should 1...
13 Pages(3250 words)Assignment

Corporate Governance the Need of the Hour

A corporation has to be fair in all its transactions. It is rather a compulsion than the choice to organizations especially, in the epoch of globalization where they need to pool resources from across the globe and win the confidence of the global people. These corporations are therefore governed by a set of codes of values and principals. Top management responsibilities, especially those of the CEO, involve getting things accomplished through and with others in order to meet the corporate objectives (Wheelen and Hunger, 2007. p.33). So, good governance is wholly and solely the responsibility of the top management. 

Corporate governance is about ethical conduct in business. Ethics is concerned with the code of valu...
6 Pages(1500 words)Report

Management: Social Responsibility and Ethics

When we speak about business management, most people talk about the core business functions like strategies, products, training & development, management of various departments of the business like marketing, production, planning, etc. Social responsibilities and business ethics are the least communicated topics in the business community because of the least preference given to the non-productive sectors by organizations. Most of the greedy organizations spent millions on the research and development for improving their competitive power in the business world, but they often keep a blind eye towards their responsibility towards ensuring proper ethical standards in their business activities. Organizations that underestimate the...
6 Pages(1500 words)Coursework

Ethics in the Manufacturing Environment

An ethical scenario arose during my first six months in this management role involving a 21-year-old employee who I witnessed smoking pot in the parking lot over lunch break. This scenario demanded that I consider the needs of the employee, as well as satisfying my obligations for enforcing the strict drug use policy administered at the senior levels of the company. This project describes the ethical scenario in detail, offering personal reflections on the incident as well as suggesting an ethical framework for handling situations like this in the future.
The situation which occurred had a young worker smoking pot on his lunch break on the company grounds. This, according to policy, is a termination offense and it is expected...
7 Pages(1750 words)Case Study

Conflict Between Researh and Ethics on the Tuskegee Syphilis Study

...Opinion paper The Declaration of Helsinki by the WHO clearly s that in clinical trials involving humans the wellbeing of the should be of prime importance than the interest of science or society. This has been stated because at times in order to achieve the objectives of a study the investigators might overlook the welfare of the trial subjects thus jeopardizing their health in the process. According to ethical rules while comparing two treatment options the control group of the study must receive the best known treatment available while the study subjects are given a potential newer treatment. Only when there is no effective treatment available a placebo-controlled group can be used for the study. There have been several trials which have...
7 Pages(1750 words)Essay

Directors Remuneration as a Contentious Issue in the Corporate World

Critics of the excessive packages are of the opinion that such high packages reflect ‘pay for failure’ and do not take in to account the financial performance of the company (Solomon, 2007 p. 40). Additionally, most of the directors are geared at self-interests, thus undermining the ability of the shareholders to receive a fair return for their investments (Barty and Jones, 2012 p.14).
According to a recent report by the High Pay Commission, there has been a drastic growth in directors’ packages over the last thirty years. According to the report, directors’ packages have risen by about 5,000 percent in the last thirty years while the average income worker has increased by only 300 percent. The report...
6 Pages(1500 words)Coursework
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 CSR and corporate ethics for FREE!

Contact Us