Sustainable tourism considers equally economical, social and environmental aspects of tourism destinations. By respecting all three, it provides long run development with respect of caring capacity. Eco-certification, on the other hand, influences both supply and demand side of tourism market, and increases consumer’s confidence. Key words: sustainability, tourism, and certification Sustainable tourism is tourism, which concerns total economic, social and environmental impact, by caring for the needs of tourists, economy, environment and local communities. (Making Tourism More Sustainable, UNWTO&UNEP, 2011).
They proved that if social responsibility is managed effectively can create significant benefits, enhance the reputation, bring returns and motivate the employees. In the same framework, Husted and Allen (2001) stated that if corporate social responsibility used properly, it can create competitive advantages, as there is a positive relation between corporate social responsibility strategies and competitive
One of the two core elements in Volkswagen responsibility to the society is the ability to serve the community in a long run. Besides that, Volkswagen commitment to the corporate social responsibility is not superficial or made up. It works to create sustainable structural development for both economic and social stimulus as well as the opportunity for stakeholders. In addition to demonstrating their care to external stakeholders, they start by being socially responsible with the company’s workers. Based on the Code of Ethics, this is done by ensuring fairness and equality, impartiality, and compliance with basic worker rights.
Nearly everything is outsourced from this country, we are 100 percent dependent on other countries to produce our items. Sure, we can blame China, we can blame the 3rd world, but the real problem is the corporations. It is big corporations that do not care about where the product is coming from but about maximizing profits as much as possible. Even companies that produce quality products are outsourcing to save money because it appeals to the shareholders, which all makes sense to a business person. There are some pros to globalization as Mike Collins states that, "supporters of globalization argue that it has the potential to make this world a better place to live in and solve some of the deep-seated problems like unemployment and poverty."
According to Tingchi Liu et.al (2014), the disadvantages of corporate social responsibility in the company are associated to the world’s development in order to save society from the environmental and economic issues. It is examined that NGO’s and government co-operation produce the better ways to solve corporate social responsibility issues and put the pressure on Tesco in order to integrate its CSR objectives and initiatives. Another disadvantage of CSR is a new policy that has been implemented by the company in order to take part in something new for the business. It can be said that CSR policies of the company have to pay for new training for staff, invest in effective waste systems with new marketing and new technology strategies. According to Vazquez-Carrasco and Lopez-Perez (2013), the stakeholder’s expectations are one of the disadvantages for the company because of the investment of them in the business.
The bulk of corporations prioritize their wealth over the condition of the Earth beneath them. Economic growth is important for the people, yes; it is how we develop as a society, but at what cost? The Earth takes the brunt of society 's success, and denying the inevitable will not stop it from occurring. In fact, denying climate change will only harm society and the Earth further; because by denying it, those who deny climate change are willingly aiding the damage and the danger climate change brings. Climate change is denied is due to the prioritization of business and the economy.
Agency theory suggests that the interest of the business should come before self-interest. This may imply maximisation of profit, growth and shareholder return. Some writers such as Herbert Simon have argued that directors are more likely to act as ‘satisfiers’ than maximisers since corporations as organisations don’t act to achieve the best possible results but merely to achieve satisfactory results across several objectives. Simple agency theory aims to explore the corporate governance issues involved in the shareholder and director relationship as principal and agent. Whereas shareholders represent the owners of the business, the executive directors/directors look after the running of the business for them.
When we talk about corporate first thing to come to mind is profits, as the main responsibility for any corporation is to maximize its profit. This was the main argument for the early days, that the corporate sole responsibility was to maximize profits only, as to achieve the most financial return to the shareholders. But those views proofed to be inadequate, as many new arguments arose after that giving a wider scope for the corporate responsibilities, seeing that it should expand beyond the economic reasonability to add new dimensions, primarily the environmental and social ones (Kitzmueller & Shimshack, 2012). Many empirical researches argued the importance of these new dimensions to the corporate, and how it could benefit the firm as well
The company believes that by creating value for the shareholder and the public, it will have long-term sustainability. This business is regularly followed by human resources, safety and health environment-related compliance and business integrity which is based on an independent external audit network evaluated programs called CARE. Therefore, Nestlé worked hard to ensure a high standard of both employees and employers welfare as well as other forms of its CSR aspects such as employee safety, environmental problems, and education. Nestlé believes that its corporate business responsibilities shape the way of business that form of the cultures values, although the basic foundation is unchanged from the time of the origins of the company. Thus, its corporate business principles
A negative organizational culture hurts the organization, and a negative organizational culture hurts the organizations ability to adapt and perform. For example, when corporations are successful, the culture that helped the corporation obtain success often becomes permanently ingrained and institutionalized. Thus, in some cases, success can hinder a business, because the managers of that particular business may become set in their ways, which may cause the organizational culture to fail to adapt to external changes. The failure of an organization to adapt to external changes can be detrimental to future performance. In this way, a business can become a "victim of its own success" (Daft, 2016, p.
Another way to reform globalization is for the government not demoralize other values for materialistic values. For example many corporations contribute to materialism by their worldwide advertising and also the crooked high profits to the social cost and