The situation of corporate social responsibility in general in China
By Yateng Zhang International business management II ERASMUS student from University of Montpellier2
Table of content
Introduction – The corporate social responsibility in China
Chapter 1 – The issue of report about corporate social responsibility from the Chinese enterprises
Chapter 2 – Research center for corporate social responsibility of Chinese Academy of Social Science
Chapter 3 – Top 10 corporate social responsibility trends in China
Introduction – The corporate social responsibility in China
Corporate social responsibility, we could call it also the corporate citizenship, corporate conscience or responsible business. The corporate social responsibility is a form of corporate
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The first trend: Eighteenth Central Committee of the Communist Party of China Third Plenary Session advocate of corporate social responsibility
Eighteenth Central Committee of the Communist Party of China Third Plenary Session closed in Beijing on November 12. It can affect the domestic economic and social development in China because it gave a great deal of attention.
The overall objective of comprehensive deepening reform of China's future have so many tasks. Among them, the economic system, the market system change the overall direction of the market economy status to provide the fair competition among enterprises and the rapid development of corporate social responsibility. Meanwhile, Eighteenth Central Committee of the Communist Party of China Third Plenary Session focused on social governance structure and ecological protection.
About the role of Chinese enterprises, it should change their purposes from the simple pursuit of economic interests but ignoring the corporate social responsibility to understanding the environmental impact, and actively participate in social management to help build an ecological
Marketing and social responsibility By karim zidan : IAU Introduction Corporate responsibility policies have been gaining increasing attention from senior executives as questions of sustainability have come to imbue business all over the world. Nowadays corporations are struggling with a new role, which is to meet the needs of the present generation without compromising the ability of the next generations to meet their own needs. organizations are being called upon to take responsibility for the ways their operations impact societies and the natural environment.
Chinese vanguard, leading core of China's socialist cause, the interests of the Chinese people of all nationalities representatives. Communist Party of China takes Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory as the important thought of "Three Represents" and the scientific concept of development as its guide to action, the ultimate goal is to achieve the social system of
[Gap Incorporation] [The Company That Has Dealt With Public Criticism From Various Stakeholders] Name of Student:………………………….. [UNIVERSITY OF THE PEOPLE] 6/27/2017 Introduction Businesses are managed through the use of corporate social responsibility (CSR), which is the systematic approach used to incorporate social, economic and environmental benefits into their business activities and into their conversation with their stakeholders. By comprehending their stakeholders, businesses are able to monitor its own development and influence and there are various drivers of corporate social responsibility. The external (investors, consumers, public authorities, non-governmental institutions, trade unions and so on and so forth) and the internal
Modern day businesses have to be socially responsible; actions are taken to satisfy customers who might have a cause that they care deeply. Social responsibility occurs when a person or a company acts in an ethical and sensitive way towards important social issues of the day such as economic, environmental, and cultural concerns. Many businesses have a section of their website or business literature dedicated to social responsibility. Companies proudly detail the steps they are taking to address concerns that people have with the environment and economic issues. Having companies act in a socially responsible way is necessary because their actions have a tremendous positive impact on society.
Target Corporation needs to buy more local and diverse product from an environmentally friendly company and create a standard that adds value to the local communities and environment. In addition, Target Corporation should source products from diverse international community, minority organization, and women run organizations. Target Corporation must diversify its retail products to add more goods that are sporting, a bakery, and household's items as well educational services using partner organizations. Target Corporation needs to identify new third-party strategic alliances through which it delivers goods at the doorsteps, selecting with a non-perishable item and eventually perishable items depending on the locations. Target Corporation
Today, the majority of large companies issue a corporate social responsibility report while ten years ago very few did. Also, more than 8,000 businesses around the world have signed the UN Global Compact pledging to show good global citizenship in the areas of human rights, labour standards and environmental protection. One such example of a company is Walmart. Traditionally, they were not a very socially responsible company. They paid their employees poor wages and had a very high employee turnover rate even though their owners are listed as some of the wealthiest people in America.
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 final section of this paper discusses the ideological and practical reasons why co-optation with the Capitalists seems the rational decision. The party since the early reform period prior to the Tiananmen Incident believed private business could perform several functions the party and state could regulate ad hoc. It believed private businesses could absorb many of the unemployed, provide a new source of revenue through taxation, and through competition against SOEs, the latter would improve its efficiency and productivity. The main worry for the Party during that time was the rising costs of living, which meant citizens could no longer afford to be unemployed, thus having the private sector absorb the unemployed became an optimal solution.
It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which states that a firm can never exist In a vacuum (Khalidah et. al.).
SOCIAL RESPONSIBILITY As we defined above that social responsibility is to protect and enhance well-being of living things. Every organization is socially responsible to protect the environment and they can do there much which is legally required for the organizations. The very first social responsibility of every business is that to earn enough profit to meet his expenses. If the firm cannot earn profit no social need and social responsibility can be met by the firm the firm fails.
Discussion Nestlé’s Corporate Social Responsibility consists of looking further then the own company needs or profits and pay more attention to other stakeholders. Everyone concerned or connected to the company business will get a closer look on their situation and will be treated right. They divide the stakeholders in two categories; the first being the internal stakeholders such as employees and shareholders. The second category is external stakeholders where we find the suppliers, customers, environment and so on.
Businesses have been playing a crucial role in people’s lives. No matter what they go or what the occupations they are; people are drawn to get involved in businesses. However, behind the scenes of the business thriving, the environment is deteriorated each day. Many development schemes are come up with the plan related with the depletion of the environment (Shah, 2002). Because of people and environmental damages, attentions were drawn to corporations for ensuring their sustainabilities.
Over the past 30 years China has risen from the rubble, it has undergone a social, economic, political and environmental change so quickly that it astonishes the rest of the world. In the blink of an eye, it has become the manufacturing capital of the world. China has proven that it is possible to have a communist-capitalist government system. Although the transformation China has undergone is unbelievable, the country has also run into many problems along the way like overpopulation, environmental issues causing the economic growth is starting to slow down. China has had the largest ongoing migration in history, currently the government is planning to move 250 million people from farms to urban cities (New York Times).
Trying to ignore the social responsibilities might stain an organization’s image and reputation. Thus, performing social responsibility is not simply a choice; it is a need of any corporation. In the twenty-first century, businesses are in the bottlenecks where globalization, science and technology advancement and integrated knowledge are taking place in today’s society (Chan, n.d.). To gain a foothold in this economy, image and reputation play an important role to differentiate a company from one another. With good reputation, it helps firms to create competitive advantage in the business environment.
The Chinese Cultural Revolution happened between 1966-1976 with the purpose of preserving the traditional Communist ideology commenced by Mao Zedong, the Chairman of the Communist Party. The Cultural Revolution was a failure because it did not address the power imbalances and widespread grievances well enough. The main contribution of The Cultural Revolution at the Margins is that it shows how messy and contingent events were in 1966 and 1967. Global capital flows toward China today because of the authoritarian state apparatus that relentlessly prevents labor self-organization and suppresses labor force (Wu, 2014). Cultural Revolution in China has its share of good and bad but the impacts were generally negative.