Corporate Social Responsibility Essay

577 words - 3 pages

DQ1:What are the various understandings of the Business Case for CSR? Is this a good way of thinking about CSR? If yes, why? If no, why not?
Corporate Social Responsibility (CSR) can be defined as the policy or the practice that can be run by the business to beneficial the society. The different between social expectation of business performance and business actual social performance is getting bigger since 1960s (Carroll & Buchholtz 2008,16) , hence the CSR is promoted to solve the social problem. According to Milton Friedman, the theory of “The business of business is business”, all the money spent on the social and environmental is conflict with the nature of business. But the pressure and the social expectation of business performance is getting bigger and people start to believe that the business is responsible to the society and ...view middle of the document...


There are many different ways to outline the advantages of CSR. Generally, it include good CSR is interrelated to good financial performance (Banerjee 2008,62).The business can be improve financial performance and productivity though develop an operational efficiency strategy which is highly recommend by CSR. Society will support toward the business that have better CSR which will also increase the sales of the business. Other than that a good CSR performance will also improved the relationship between business and society, so the society are more willing to invest to the business which lead to easy access of capital. Moreover, the business will also have a good reputation and better company image though good CSR performance. But if the business is lack of CSR performance it will be revoked by the public (Banerjee 2008,26), which means the society will no longer support the business(e.g. boycoot). The expectation and reaction of society will affect the profitability and financial performance of the business, so the business will start to do some alternatives towards CSR and develop new business strategic which intergraded with CSR, and they will also realize that all of this is voluntary and not legally enforceable(Banerjee 2008,26).\
In conclusion, CSR is generated from the society expectation and the reaction of society will pressure the business make alternative toward it. Although CSR is conflict with the nature of business and look like it is more beneficial to the society, it also provide many positive impact as a return to the business.CSR is costly to the business in financial term but the positive impact and benefic that return to the business much more than the cost.

Reference list
Banerjee, B. S. 2008. Corporate social responsibility: The good, the bad and the ugly. Critical Sociology 34 (1): 51-79.
Carroll A.B. & Buchholtz, A.K. 2008. Business and Society. Ethics and Stakeholder Management. Mason: South Western Cengage Learning.

Other Papers Like Corporate social responsibility

Csr(Corporate Social Responsibility) Essay

1954 words - 8 pages MINISTRY OF EXTERNAL AFFAIRS University of World Economy and Diplomacy [pic] THEME: CORPORATE SOCIAL RESPONSIBILITY IN THE CURRENT FINANCIAL CRISIS. [pic] Prepared by Mirzakulov Hojiakbar 0-3a-06 Responsible Mentor: Zakirova.S.A Tashkent – 2009 Our skeptical world is becoming more

Corporate Social Responsibility Essay

1078 words - 5 pages Corporate social responsibility statements are effective ways of ensuring multi-national companies act ethically.   Discuss For the past few years there has been lots of discussion about Corporate Social Responsibility. Most of the multinational companies issue every year a report on their practices. They try to get involved into communities, fight the poverty in the third world countries and donate millions of ponds every year to charities

Corporate Social Responsibility

2057 words - 9 pages Are corporations that participate in voluntary Corporate Social Responsibility practices seen as unethical through exploiting CSR initiatives for a profit? In today’s society, corporations that perform better in their respective markets are able to collect assets that are needed to participate in Corporate Social Responsibility practices. Through these voluntary practices corporations are able to improve their social, environmental, and

Corporate Social Responsibility

2424 words - 10 pages accumulating capital was and is required. “Adopting business strategies that meet the needs of the enterprise and its stakeholders today while sustaining the resources, both human and natural that will be needed in the future” (KPMG, 2011). Those strategies to fulfill sustainable criteria are the elements of Corporate Social Responsibility. But as Friedman mentioned, the goal of an organization is to increase its profits. Could this be a win-win

Corporate Social Responsibility - 938 words

938 words - 4 pages Corporate Social Responsibility: An effective business strategy Corporate Social Responsibility is usually defined as the ethical behaviour of the company towards the society. Having CSR as part of the agenda means that the business promises to adhere to legal, and most importantly, ethical standards. It is quite surprising that the for –profit organisations are now including CSR as a major part of their agenda. It is inextricably linked to

Walmart, Corporate Social Responsibility

880 words - 4 pages Wal-Mart and Corporate Social Responsibility Wal-Mart strives to be corporately responsible. Wal-Mart is one of the largest private employers in the United States and Canada and the largest in Mexico. It offers an average full-time hourly wages of $11.75, and provides 1.2 million employees with health insurance (Wal-Mart Corporate Facts, 2011). Wal-Mart pays above retail standards for employees that have little experience, low levels of skill

Corporate Social Responsibility - 5902 words

5902 words - 24 pages Corporate Social Responsibility and the Law   EXECUTIVE SUMMARY The collapse of large successful organisations like Enron, Parmalat and Worldcom can be traced back to a lack of Corporate Social responsibility within the organisations, particularly, the clear disregard for business ethics and the lack of strong corporate governance within these organisations. These collapses can be attributed to acts committed by individuals and managers

Corporate Social Responsibility - 3780 words

3780 words - 16 pages Corporate Social Responsibility (CSR) also being known as corporate conscience is a continuing commitment by a business to the society. A business behaves ethically and contributes to the economic development as well as improves the standard of living of the employees and their families in the local community and society. Corporate Social Responsibility also can be defined as areas of concern and initiatives to improve the relations of people

Corporate Social Responsibility - 1692 words

1692 words - 7 pages Overview What responsibilities do businesses have? Who takes priority when decisions are made? Are shareholders the most important to consider, or is it the customer? Should a company simply meet the required regulations, or attempt to go above-and-beyond the requirements? All of the questions involve corporate social responsibility. Corporate Social Responsibility can be defined as “the continuing commitment by business to behave ethically and

Corporate Social Responsibility - 526 words

526 words - 3 pages  With the development of society, arises a concept that challenges the traditional way by which corporations operate. The modern business is not only responsible for achieving financial stability, but also demonstrating its social responsibility. While many organizations are opposed to this idea, as they may lose money, companies have the moral and social obligation to provide social welfare to the less privileged because such act is mutually

Corporate Social Responsibility - 676 words

676 words - 3 pages planet. It aims to measure the financial, social and environmental performance of the corporation over a period of time. A company that produces a Triple Bottom Line Report is accounting for the full costs involved in running a business. Triple bottom line reporting demands that a company be accountable for every aspect of business.The idea enjoyed some success in the turn-of-the-century zeitgeist of corporate social responsibility, climate change

Related Essays

Corporate Social Responsibility Essay 521 Words

521 words - 3 pages Corporate social responsibility is the commitment of businesses to act ethically and to positively give back to society by improving economic development and quality of life of the employees, shareholders and communities. Businesses that practice social responsibility ensure that their mission and values improve the wealth of businesses and at the same time contribute to the sustainable development of the society. Corporate social

Corporate Social Responsibility Essay 1197 Words

1197 words - 5 pages Page Number Definition of CSR------------------------------------------------------------------------------------- 3 The 4 strategies---------------------------------------------------------------------------------------- 4 The Toyota Example as Proactive Corporate Social Responsibility --------------------------- 6 References

Corporate Social Responsibility Essay 828 Words

828 words - 4 pages Corporate Social Responsibility and Ethics Stephen M Russell University of Phoenix International Marketing MK 571 Mr. Danny Rubick June 13, 2011 Abstract Ethics is sometimes described as a body of standards or human conduct that governs the behavior of individuals and groups. Corporate social responsibility (CSR) is the way a company manage the business processes to produce and overall positive impact on society. The three

Corporate Social Responsibility Essay 4990 Words

4990 words - 20 pages 36 Evaluation 37 * Part Five: Conclusion Summary of the Findings 39 Future Directions 40 References 42 Part one: Introduction A Brief Description of CSR Corporate social responsibility (CSR), also known as corporate responsibility, corporate citizenship, responsible business, sustainable responsible business (SRB), or corporate social performance, is a form