Csr(Corporate Social Responsibility) Essay

1954 words - 8 pages


University of World Economy and Diplomacy




Prepared by Mirzakulov Hojiakbar


Responsible Mentor: Zakirova.S.A

Tashkent – 2009

Our skeptical world is becoming more and more complex; we are facing barriers, problems like corporate scandals, stock downturns, uncertain economy, and threat of terrorism every single day. Particularly the world economy is experiencing a strident downturn nowadays. The lack of the food ...view middle of the document...

Enterprises do this by the wealth they generate, the jobs they create, and the services and goods they maintain.
In his book, Capitalism and Freedom, Friedman argued that “There is one and only one social responsibility of business- to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud”.
He defined that social responsibility is not just a theory, but it is a deed, it is a feeling that one is definitely responsible for something; he compared the businessmen who repeatedly talked about the social responsibility to the French guy who at the age of 70 got that he sang a song all the life. He said that the businessmen believe that they are defending free enterprise when they declaim that business is not concerned merely with profit but also with promoting desirable social ends; that business has a social conscience and takes seriously its responsibilities for providing employment, eliminating discrimination, avoiding pollution and whatever else may be the catchwords of the contemporary crop of reforms.
He put a question that does business have a responsibility? Only human has a responsibility; how is it going to work? He stated that a corporation is an artificial person and in this sense may have artificial responsibilities, but business as a whole cannot be said to have responsibilities, even in this vague sense. Presumably, the individuals who are to be responsible are businessmen, which means individual proprietors or corporate executives. In a free-enterprise, private-property system, a corporate executive is an employee of the owners of the business. He has direct responsibility to his employers. This responsibility is to conduct the business in accordance with their desires, which generally will be to make as much money as possible while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom. The social responsibility may embrace all human activity if it is approached seriously, he argued.
Corporate social responsibility is not just a relationship between an employer and employee. It is explained through the way the company behaves; coming to the service of the customers and society over its profits. It is measured by how the company’s deeds are profitable and not harmful for the interests of the society. Namely, there is one principle that lies at its essence: conducting business in an economically, socially and environmentally responsible manner, and placing this theory into the very brain cells of the company. If every company and business refused to pay bribes, implemented fair labour practices and adopted economically, environmentally and socially responsible practices then we would even less likely imagine about the current “events”: our world would be more balanced and more sustainable.
Apparently, current...

Other Papers Like Csr(Corporate Social Responsibility)

Corporate Social Responsibility Essay

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

Corporate Social Responsibility Essay

3720 words - 15 pages FORTUNE CORPORATE SOCIAL RESPONSIBILITY (CSR) REPORTING BY SUPERMARKETS: BASED ON MARKS AND SPENCER (M&S) INTRODUCTION Corporate Social Responsibility (CSR) can be defined as “operating a business in a manner that meets or exceeds the ethical, legal, commercial and public expectations that society has of business.” CSR is currently high on the agenda of many stakeholders. Governments, businesses and voluntary organisations are

Corporate Social Responsibility

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 - 2424 words

2424 words - 10 pages -situation for organizations and the environment? Or is the assumption correct, that this obvious contrast could only satisfy one party? If so, wouldn’t be the use of CSR be more a marketing instrument than a way of improving the world? 2. Explaining CSR Corporate Social Responsibility is basically one aspect of the appropriate and needed role companies play in todays` society. The European Commission for Corporate Social Responsibility

Corporate Social Responsibility - 2057 words

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 - 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 - 521 words

521 words - 3 pages social responsibility is because of the high expenses. David Vogel in his Forbes article states that “CSR Doesn’t Pay”, which means that investing in corporate social responsibility does not mean that the company will see a rise in its financial figures. Another con is the shareholder’s expectations from the company. Some shareholders may not agree to use the company’s profits for social and environmental benefits as they will like maximum

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

Corporate Social Responsibility - 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

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 the largest corporate fraud in history. II. MAJOR FACTORS THAT LED TO THE COLLAPSE OF ENRON Studies conducted on Enron after the collapse in December 2001 indicated no signs of the organisation being on the verge of a disaster. Enron was known to have one of the best Corporate Social Responsibility (CSR) policies in place; however, this high profile collapse provided an indication that there could be a disjoint between well written

Related Essays

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

Corporate Social Responsibility Essay 1078 Words

1078 words - 5 pages to as they say “build the better future”. But are their corporate social responsibility statements effective ways of ensuring that multinational entities act ethically? From my point of viewview, CSR statements do not ensure that practices of companies obey the rules of business ethics and I am going to present a few arguments for. Corporate Social Responsibility is fairly recent termterm and maybe that is why there is no consistent definition

Corporate Social Responsibility Essay 4239 Words

4239 words - 17 pages ABSTRACT Nowadays, Corporate Social Responsibility (CSR) activities caught the company or organization’s attention in order to come closer to the society. From the level of top management until to its employees, it seems that CSR somehow give the impact on business performance. The organization or company’s involvement with society, closely give the sign toward achieving their business’ goal. In this study, survey by questionnaire was used to

Corporate Social Responsibility Essay 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