Moreover, the research will examine the feedback and respond of the society and nation. As to complete this aim, this research utilizes the theories, which are the triple-bottom line and Carroll’s corporate social responsibility pyramid.
Triple bottom line (or otherwise noted as TBL or 3BL) is an accounting framework with three parts: interpersonal, environmental (or ecological) and financial. Many organizations have adopted the TBL framework to evaluate their performance in a broader perspective to create greater business value. Petroleum companies have been engaged in CSR principles as they are blamed and society against, therefore, they are enthusiastic to start this concept to the company policy as well as to reduce the bad reputation from the society. Furthermore, Carroll’s corporate social responsibility pyramid is to scope the CSR principle to be accepted in business sector which consisting of economic legal, ethical, and philanthropic, this theory describe the social responsibility is a sector of the business strategy as a reason of good reputation, public relation policy, and the company’s competitive advantage. Corporate Social R...
... middle of paper ...
...ances and activities in every position that respond to the social activities either directly or indirectly sup-port. Additionally, the company will encourage supervisors and employees to participated in social-ly responsible. Thus, this social responsibility approach is managed by responding the society issues and problems as adapting and resolving simultaneously.
(3) Social Responsiveness Approach. The social responsiveness approach is not only deter-mining that economic profit and corporate social responsibility are mutually respond, but also be prudential concerning the prospective social issues and problems. Concerned to the social issues prospectively, the company dedicates the company’s resources as a result of respond to those issues. This principle is more an action of prevention than cure by forecasting the future social issues and immediately solve that.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility.... [tags: Corporate social responsibility]
1000 words (2.9 pages)
- This research will examine and analyze the CSR policies and roles that influenced the company’s image by its strategies, activities as well as practices especially in petroleum company, therefore, to be precise of the information, this research will utilize petroleum industries in Thailand which are PTT Company, Thai Oil company and Bangchak Company as cases study. Also, this research examines the advantages of petroleum industries following the CSR policies and the CSR policies help the company having the competitive advantages and community as adopting CSR approach to its business strategy.... [tags: Corporate social responsibility]
1424 words (4.1 pages)
- Corporate Social Responsibility (CSR) is a business approach which has increasingly become recognized as a reflection of companies’ values and ethical standards, especially within the international community. This is especially significant as Multinational Corporations (MNCs) continue to increase in number in order to maintain competitiveness within their respective markets. Since the 1960’s, the number of MNCs has increased in number from 7,000, to 80,000 in 2006, as reported by the United Nations Conference on Trade and Development (UNCTAD).... [tags: Corporate social responsibility]
1528 words (4.4 pages)
- For many years there have been discussions about corporate social responsibility (CSR). It is evident that individuals have been concerned with the way business conduct themselves when it comes to CSR and ethics. Not only what they can do with their products and services but what they can give back to society. Anita Roddick, founder of The Body Shop, talks about what should be most important. She states, “The business of business should not be about money, it should be about responsibility. It should be about public good, not private greed.” (The Body Shop, 2012) Most consumers look at the companies CSR and then decide if they want to eat, shop, or use their service or merchandise.... [tags: Corporate social responsibility]
1087 words (3.1 pages)
- CORPORATE SOCIAL RESPONSIBILITY [CSR] Activities of firms that add to social welfare, past what is required revenue driven amplification, are delegated Corporate Social Responsibility (CSR). The acknowledgment of CSR by business researchers and experts has a spotted history. While researchers bantered about the authenticity of CSR, shoppers and financial specialists grew clear inclinations for socially dependable firms. Huge enterprises, in expansive part, reacted emphatically, making CSR a critical component of vital administration.... [tags: Corporate social responsibility]
1055 words (3 pages)
- Over the past ten years, a growing trend of corporate social responsibility (CSR) emerged (Chernev & Blair, 2015). Some believe the CSR movement began post corporate financial scandals from companies such as Enron, WorldCom, and Tyco, as investors wanted to see reform and better corporate responsibility (Boerner, 2010). A 2007 survey of CEOs revealed that approximately half of the respondents included sustainability as part of their corporate strategies (Boerner, 2010). A similar CEO study conducted in 2010 indicated that CEOs who embraced sustainability believed that it strengthened their brand, reputation, and built trust among their stakeholders (Boerner, 2010).... [tags: Corporate social responsibility, Business ethics]
1137 words (3.2 pages)
- Corporate social responsibility (CSR) also called corporate conscience, corporate Citizenship, social performance, or sustainable responsible business/ Responsible Business, is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and international norms. CSR is a process with the aim to embrace responsibility for the company 's actions and encourage a positive impact through its activities on the environment, consumers, employees, GREEN INITIATIVE TAKEN BY THE COUNTRIES ALL OVER THE WORLD There is now a rea... [tags: Corporate social responsibility, Kyoto Protocol]
980 words (2.8 pages)
- Corporate social responsibility (CSR) “calls for corporations to be more accountable to the multiple groups who constitute them and/or are directly impacted by their actions,” which aligns with Freeman 's view that managers are responsible to all groups that affect or are affected by the company 's actions (Menser, p60). There are three ways of being socially responsible: the stakeholder theory of corporate social responsibility (ST CSR), the civil society model of corporate social responsibility (CS CSR) and the solidarity economic view (SE).... [tags: Social responsibility]
1350 words (3.9 pages)
- Introduction Modern businesses are having trouble when ensuring that their interests coincide with those of other entities, including citizens, future generations, and the environment among others. Consequently, companies are expected to take direct responsibility for the impact that their operations have on the environment and the society at large. The main principle behind the concept of corporate social responsibility (CSR) is sustainability. Consequently, most of the activities that are covered by CSR are necessary for the survival of the businesses that undertake them.... [tags: Social responsibility]
1429 words (4.1 pages)
- Corporate social responsibility (CSR) is similar to an individual’s social responsibility. An individual who is socially responsible is aware of how their decisions affect the environment. Corporate social responsibility can be define as “how well a company meets its economic, legal, ethical, and discretionary responsibilities” (Peter & Sarah, p. 51). Corporate social responsibility holds businesses accountable to stakeholders such as consumers, in areas of concern such as environmental factors, community and society in general.... [tags: Social responsibility]
1301 words (3.7 pages)
- The Effects Of Soil Degradation On Nigeria
- My Experience At Nodet Entrance Exams
- Assignment : Myers Briggs Reflection Assignment
- A Review Of Dr. Kirk And Learning Disabilities
- Censorship And Parenting Styles Done By Natalie C. Ernst
- Nursing Theories Of The Emergency Room When The Employees Are Treating Psychiatric Patients