When an organization begins to link its managerial ethics with corporate social responsibility, they often struggle with how the two concepts are interwoven. An organization ethical perspective often times relates directly to their willingness, or lack of willingness to address socially responsible activities. Often one finds managers with a willingness to address CSR are often interested in the social and ethical well-being of all stakeholders. The reality, however, is every decision has a potentially negative impact on a stakeholder. For every hour or dollar spent on charity work, a manager may find shareholder pressure to limit such work, since it affects the bottom line. Yums has a very heavy international portfolio, and issues related …show more content…
These issues relate specifically to something that the modernized world never considers. Yum could add to its corporate social responsibility plans by adding the world water supply to its causes to address. As the subsidiary of a bottling company, this would be a step in the right direction to help garner friendships with less fortunate societies, and as these societies become more advanced you have a possible relationship to develop economic gains as well. The relationships that are established through socially responsible activities tend to be strong in the sense of organizational support. The ethical upside to such a move is substantial as well. Issues such as world hunger and poverty again are foreign to most of us in developed countries. Though working with the homeless population like I do, I know poverty in America is real; there are alternate lifestyles that could lead you out of poverty. Many underdeveloped countries have no alternate possibilities other than to rely heavily on other, more established societies. One aspect not often considered relates to the environment. When a company establishes CSR policies relating to ecology, our text indicate, there are often more serious ramifications than a poor
Lush is a company that being socially responsible, first of all, the company is trying their best to save the environment and protect the earth, most their product is handmade and 100% vegetarian, they use fresh natural ingredients such as fruit, honey to make their product. Moreover, in the lush product, it contains lesser toxic chemical compounds, most of the product does not have synthetics. Lush is also knowing for their naked product, their product is being sold with no extra package or just simple wrap, and their package is recyclable and biodegradable which is eco-friendlier and less waste. Also Lush is a company that against animal testing, the company cares about the animal welfare, their recent charity campaign is against canned hunting.
Corporate social responsibility (CSR) invaded the corporate world over the last few decades. This concept has become an essential need for competitive advantage unlike its original role as a nicety. The companies have seen the business benefit of the initiative and stakeholders have appreciated the initiative. This has led to the wide application in the firm’s operational agenda.
After reading Kreitner’s (2008) Chapter 3 and the case study at the end, there are several reasons Chiquita has done the right thing in cleaning up their act. Corporate social responsibility is defined as “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources” (BusinessDictionary.com, n.d.). The arguments for corporate social responsibility evident in the case of Chiquita are (1) that social action will prevent government intervention and (2) a better society means a better environment for doing business.
Costco Wholesale Corporation has various key corporate social responsibility programs that effectively address the interests of its stakeholders. Both the company and the stakeholders affect each other significantly and it is necessary for Costco to make sure that its corporate social responsibility efforts address any concerns that the stakeholder’s may have. If they keep the stakeholders happy, then they can have long lasting beneficial gains from it, such as a stronger brand image and loyal customers. Costco’s organizational activities aim to enhance performance all across the board within the company and their corporate social responsibility programs address the following stakeholder groups and they are arranged according to significance
First and foremost, Whole Foods obtains a strong corporate responsibility and is extremely profitable which would place Whole Foods in the philanthropic stage and the economic responsibility stage in Carroll’s global corporate social responsibility pyramid. Furthermore, global corporate citizenship is defined as a business which holds a strong relationship between its community and shareholders (von Weltzien Hoivik & Melé, 2009). Whole Foods demonstrates their global corporate citizenship by providing their communities with healthy foods and focusing on the well-being of their employees and shareholders. The focus of Whole Foods is to try to change and improve the global insight of our world (Kreitner & Kinicki, 2013).
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
Nowadays, corporate social responsibility (CSR) becomes an integral part of each company. CSR can be understood as a management concept and a process that links social and environmental issues in business operations to a company’s interactions with it’s stakeholders. CSR not only gives the company a chance to help society but also enhances company’s reputation and investors’ attractiveness. In this paper, we will show a brief description about CSR and effects of CSR on international business, including pros and cons when a company applies the CSR program. Besides that, I give my ideas on conflicts of interest beween shareholders and the company’s managers. And then, advantages and difficulties for companies implementing CSR in Vietnam will be defined. Although CSR was first introduced widely in Vietnam many years, it is still a new concept. Therefore, pioneers in this area are facing lots of challenges in running CSR programs in Vietnam.
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.
Abstract In this research paper the main issue is about CSR (corporate social responsibility) .many enterprises contribute to CSR, one of those enterprises is MacDonald’s restaurant. MacDonald’s was founded in 1948 and it is the second company that gives opportunity to hire high number of employees. But the issue is that MacDonald’s have high profit in the same time they have high number of employees (which is expense)!
Corporate Social Responsibility or CSR is defined by McMullan and Cardin as “an organization’s responsibility toward people and the planet, is increasingly seen as an important part of doing business”. Tim Hortons is a successful fast food restaurant chain in North America with over 4,000 stores with the vast majority located within Canada. As someone who has worked at Tim Hortons for the four years, I felt this was a good company to look at more in-depth as I have my own general knowledge and opinions on their current CSR and would like to research the company on a larger scale. This report will be looking at Tim Hortons’ CSR efforts, their target audiences, how their CSR is communicated to their target, any criticism that they have received as a company and my personal opinion of their Corporate Social Responsibility and whether or not I feel that they are succeeding as a company or not.
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
CSR is one of most important parts of every company. Acting as socially responsible is must for winning the race of competition. In this report, in the 1st part I tried to show a brief about CSR, its history and how people respond towards CSR. Then I have chosen Unilever, a famous FMCG company for the analysis. Then I tried to find out the CSR activities of Unilever all over the world, its corporate strategy and the contribution of CSR activities to corporate strategy. In the last part a SWOT analysis and some recommendations are given for more clarifications. I hope that this report will be able to give a clear view about CSR and its contribution to corporate strategy.
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.
Both of these areas are the lifeblood of the company, and any benefit to them should not be overlooked. Before a company can become proficient at corporate social responsibility, they must first know its definition. Corporate social responsibility is defined as actions that can be taken by a company to ensure they are adhering to ethical and social responsibilities of the day. These corporate social actions are self-regulatory, as a company strives to adhere to guidelines while also going above and beyond being a Good Samaritan in the business world (ECA, 2015). This can place certain businesses at the forefront in customers mind because of the example they are setting in the marketplace. A company going above and beyond the call of duty to work towards a more philanthropic approach in the surrounding community is a perfect example for corporate social responsibility. Going deeper into the definition, corporate social responsibility acts like a “double bottom line” for a company, as they strive to achieve financial goals, but also achieve their social mission out in the community. Once a company is aware of what the concept of corporate social responsibility is, they can now implement it and start to reap the many benefits of its
Now-a-days it is considered that CSR is one of the major concerns of organization’s business ethics. Companies increasingly increase their corporate social responsibility (CSR) and ethical management accepting the positive impact on the bottom line. The vast bulk of Standard & Poor’s 500 companies publish sustainability reports unfolding their program challenges and achievements. These pre-emptive efforts can pr...