Just as companies can have negative impact on individuals, it can also have a positive effect on its workers. “Self-regulation of corpo... ... middle of paper ... ...d rules that are managed and reinforced can make a difference in the organization. Senior leaders must be aware of the influential impact that immediate leaders play in the daily duties of the workplace. Then the immediate leaders can emphasize and support the ethical character of their workers. Civility demands that a person must be self-disciplined for the sake of others.
State governments make more accents on self-regulations of the company and its integrity in social programs. The term “Corporate Social Responsibility” (SCR) gained a foothold in the beginning of 21st century when a lot of international companies used this term to describe their involvement and integrity into society, their responsibilities towards the environment in which they are doing their businesses. CSR supports the projects and programs that are not directed towards profit making. Corporate social responsibility is an aggregation of laws, ethical norms and international standards into a business model. CSR is something that helps companies to include public interest into corporate decision making process.
Corporate Social Responsibility (CSR) and Employee Organizational Commitment: A Correlational Analysis INTRODUCTION: Employees’ organizational commitment in an organization is important because it leads to retentiveness, consistent attendance, and job productivity. If an employee is committed to an organization, the retentiveness, consistent attendance and productivity increases. It is important for organization to develop a system that is able to encourage their employees into putting more commitment to assist the organization in achieving the organizational goal. One of the methods is by having a good corporate image. When employees hold their organizations image in high regards, they will be more prepared to promote their company.
As the world become more globalized and civilized, it is important for any company to contribute to do the social responsibility beside their main purpose of making profits (Erhemjamts, Li, & Venkateswaran, 2013; Otubanjo, 2013). This paper aims to provide a description of corporate social responsibility (CSR) associating with its tremendous effects on international business both positively and negatively. In addition, the paper as well contains discussion about both shareholder’s and stakeholder’s point of views on corporate social responsibility as there have been quite a few controversial about their benefits when implementing CSR. Finally yet importantly, the research will examine several difficulties and counterpart ones of any international organizations wanting to apply CSR in an effective way in Vietnam. Corporate social responsibility is generally known by Western countries as a desire of a corporation to contribute to stakeholders beyond their duty, to be specific, the manner of treating the employees, the extra benefits for the customers and community in general.
These strategies are consistent with the idea of corporate social responsibility (CSR) that businesses must have a responsibility towards the society as citizens or stakeholders (Abbott and Monsen, 1979; Deegan, 2004; Unerman and O’Dwyer, 2007; Mahadeo et al., 2011). In this research paper I will highlight whether business organisations benefit from corporate social responsibility in terms of company’s image, employee’s motivation and financial performance. In other words it means that if the companies follow CSR, they will enjoy a better corporate, financial and social atmosphere. This study is organized as follows: the first section contributes to a deeper understanding of the concept, corporate social responsibility (CSR). In the later parts a brief literature review about the relation of CSR with company’s image, employee motivation and financial performance of the company with findings and theories is presented.
Corporate Social Responsibility Corporate Social Responsibility is define as intended actions of an organization that changes its company process to operate in an society, environmentally and feasible way which affect the community development and human rights. Corporate Social Responsibility programs aim to provide value to the society while at the same time improve an organization’s reputation and leading to success. In practice this can apply to an extensive of actions that organization could choose to take; protecting the environment is one attribute to social responsibility. Organization can address to problem such as poverty and hunger in third World Country too. Social Responsibility also means how organization treats their stakeholder from supplier, employee and customers.
Archie Carroll suggests that “philanthropy and ethics assist with the social responsibilities and expectations assigned to organizations in order to be successful in a competitive environment” (Carroll, 2015). Integrating the important standards of ethical behavior, and charitable practices are essential for corporate success. CSR can have a positive impact on the community in that organizations are sharing its morals and values. Establishing CSR that benefits the community, can also have a positive impact on employees. Sammi Caramela suggests that “employees are attracted to an organization’s CSR, and more individuals might choose to work there” (Caramela, 2016).
it is a means to keeping companies profitable. A study by Epstein et al., (2012) highlighted that from either an internal long-term profitability or external shareholder perspective, there is an indication that good board governance add value to an organisation. In contrast, poor corporate governance may contribute to company /business failure, which could, in turn, causes a company into liquidity crisis leading them to insolvency or total collapse. What is Corporate Governance? The Organisation for Economic Cooperation and Development (... ... middle of paper ... ...porate governance can affect corporate performance.
Many approaches to CSR shaft businesses against society, underlining the costs and limitations of conformity with externally imposed social and environmental standards. CSV acknowledges trade-offs between short-term profitability and social or environmental intention, but focuses more on the opportunities for competitive edge from building a social value proposal into corporate strategy.
Corporate Responsibility Corporate Social Responsibility is looked at as corporate citizenship, or responsible business. It is an organizations example adopted by businesses that want to improve their organizations, communities and more. It is a self regulating system that makes the organization commit to follow the laws of business and maintain a high ethical standard. Many times, corporate social responsibility results in businesses committing themselves to certain social goods, or even an attempts to approve the environment. Corporate Social Responsibility is a organizations promis... ... middle of paper ... ...ut will ultimately have a effect on the world.