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The nature of csr in a business
Case study analysis of csr
Case study analysis of csr
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In this article, I will be summarising and reviewing Jenkins’s (2006) article on small business champions for Corporate Social Responsibility (CSR) and Sweeney’s (2007) article on the barriers and opportunities experienced by Small Medium Enterprise (SME) when undertaking CSR. The articles described the role of CSR in SMEs and filled the gap on CSR in SME; some of the arguments presented by the authors are questionable. The main arguments will be developed by critically analysing similarities and differences in the articles and a thorough analysis of the findings.
Jenkins’s (2006) argued that using CSR-oriented SME as examples, barriers and opportunities of CSR can be identified. Research method was an in-depth semi-structured interview of 24 UK SME that had 25-120 employees. SMEs chosen were referred to as ‘exemplars’ because they had prior experience in CSR activities (Jenkins, 2006:244).
Jenkins (2006:241) researched “CSR terminology, nature of SME CSR activities”. Jenkins (2006:253) discovered and concluded that stakeholder theory was used by SME to define CSR terminology.
Sweeney (2007) argued there was a lack of focus on CSR in Irish firms especially SME. For the research method, qualitative strategy was used in the form of an ‘in-depth semi-structured interview’ of 13 Irish firms; 6 large firms and 7 SMEs (Sweeney, 2007:517-518).
Sweeney (2007:516) focused on four distinct objectives that included “understanding CSR definitions by firms, management of CSR, CSR activities carried out by firms and opportunities and limitations faced by SMEs”. Sweeney (2007:518) discovered the definition of CSR by large Irish firm differs from the definition of CSR by SMEs; also, the existence of a positive correlation between firm size...
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...06:249-250) commented on the dissatisfaction of services provided by external organisations like the government, Business Link and Business in the Community aimed at SMEs in relation to CSR. A lack of in-depth information on CSR, exclusion of financially healthy firms from supports and grants, lack of communication regarding the benefits of CSR to SMEs and the neglect of SMEs not involved in the CSR program (Jenkins, 2006), on the other hand, Sweeney (2007) has no research information on this issue.
In conclusion, Jenkins (2006) and Sweeney (2007) have tried to fill the gap with regards to the role of CSR in SME. Convincing arguments were made to define CSR terminology using stakeholder theory and to emphasise the role of leadership in implementing CSR agenda. In order to increase the accuracy of the results, further research is advised using quantitative survey.
It demonstrates that there can be no universal approach that would suit all relatively similar organizations. First of all, management always has to consider mentality, values, and norms existing in their local community, while also keeping in mind the attitudes existing in other communities and in the global market. At the same time, internal interests are no less significant in this matter, which is why great sensitivity is needed in the process of CSR creation and establishment. Thus, this article addresses both internal and external aspects of CSR as the parts of inseparable whole. It does not have independent and divided sections for each part as they are discussed in connection to one another, which is a realistic representation of an organizational decision-making process. In this way, the authors provide a practically applicable guideline that may be used to determine the most suitable CSR initiative, the methods of communicating this initiative to stakeholders, the resources that can and should be used, and the ways to involve stakeholders in the process of implementation as active participants rather than mere
Corporate Social Responsibility (CSR) is a word that is bandied about with really little regard as to what the full implications actually are. Consider a few thoughts: What exactly is a corporation’s responsibility? Who are the arbiters of CSR for corporations? What does it cost to “rein in” corporations? Why are some companies held to a different standard than others?
CSR Handbook for Small and Medium Enterprises . (n.d.). Retrieved January 24, 2014, from Caux Round Table: http://www.cauxroundtable.org/index.cfm?&menuid=104&parentid=16
It was after 1980, the stakeholder theory emerge and interpret as a challenge and debates either to be injected into company operation and responsible to meet the demands of both shareholders and society (Carroll, 1999). The debates continue but after 2008 financial crisis, the stakeholder theory evolve as a core concern to every firm and it discipline are known as Corporate Social Responsibility (CSR) (Leeson, 2015).
Corporate Social Responsibility is the obligation from corporations to utilize their resources to aid and benefit the larger society. The four components of CSR are economic, legal, ethical, and philanthropic. Social Responsibility is a fundamental force in the wealth creation process. If correctly demonstrated, CSR should heighten competitiveness and boost the value of wealth creation to society. A company's CSR Initiatives directly represent who the company is and what it believes it. The m...
Companies have presented investigations about their motivation towards voluntarily social and environmental as insolvent. This paper argues in agreement with Adam’s view that the goal of CSR reporting is to promote credibility and corporate image of stakeholders operating in a particular industry. Whereas companies must focus their efforts on enhancing their profitability, they should also ensure that the welfare of other stakeholders is protected.
Eua-anant, P., Ayuwat, D., & Promphakping, B. (2011). Relations between positive impacts of CSR, external support, CSR knowledge and the degree of CSR practices in thai small and medium enterprises. The International Business & Economics Research Journal (Online), 10(11), 17-n/a. Retrieved from http://search.proquest.com/docview/1418717814?accountid=63189
An important factor for the successful development of a CSR framework at the corporate level is to ensure that the framework can be easily merged with the daily routines of the store. In the Siemens case that was studied in class, putting the company back in order had to start from the corporate level and with the individual in charge of corporation – the CEO. Therefore, in order to implement CSR at the store, the initiative has to come from the corporate level, however the store here in Nanaimo can assume a key role by developing and testing new CSR practices.
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...
I begin this essay by defining CSR, there are many definitions for this term by various different theorists, and EU says that CSR is "A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis." On the other hand, Sloman et al. define it as "The concept in which a firm takes into account is the interests and concerns of a community rather than just its shareholder". Davis and Blomstrom (1966), say it "Refers to a person’s obligation to consider the effects of his decisions and actions on the whole social system". These definitions differ from one another in many ways but they agree that CSR involves taking the environment into account and therefore, one must look take social responsibility.
Initial, companies dedicated to CSR plans and strategies should generate initiatives that are reliable with their own company identities and that are perceived as unselfish programmes that augment corporate trustworthiness. Both coherence and motivational attributions are the main forerunners of helpful perceptions with customers and of intensification the customer---company nexus.
A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed
There are now several concepts of CSR and its definition, along with the meaning across corporations. In my opinion, and according with our textbook in page 11. CSR is about a particular set of business and strategies that deal with social issues. In addition, we can clearly perceive that CSRs application along corporations has increase in the past decade due to the several local, and international regulations in order to enforce business to act responsible.
Business organizations regularly run into demands from various stakeholders groups when conducting day-to-day business. These demands are generated from employees, customers, suppliers, community groups, governments, and shareholders. Thus, according to Goodpaster, any person or group of people that can shape or can be shaped by attainment of the objectives by an organization is considered a stakeholder. Most business organizations recognize and understand their responsibilities to these groups and endeavor to honor and fulfill them. These responsibilities are often communicated to the public by a statement of principles or beliefs. For many business organizations, corporate social responsibility (CSR) has become an essential and integral part of their business. Thus, this paper discusses the two CSR views: the classical view and the stakeholder view. Furthermore, I believe that the stakeholder view has brought ethical concerns to the forefront of businesses, and an argument shall be made that businesses would improve both socially and economically if CSR, guided by God’s love, was integrated into their strategic planning.