Jeremy Moon (2004) defines CSR as a combination of corporate citizenship, sustainable business and environmental responsibility; it is accountable to social, environmental and ethical issues both in term of corporate and the national environment. The neo liberal writers see it as voluntary, but some neo liberal see CSR as an obstruction and diversion from a business primary concern, i.e., profit maximization, yet most neo liberal writers maintain the point of view that, Friedman was actually correct. CSR in the long run can be beneficial to the organizations it prevents from unnecessary government intervention and
2.2 CORPORATE SOCIAL RESPONSIBILITY Corporate social responsibility (CSR) or CSR activity is seen as a complex and contested area, which is rapidly gaining importance from businesses all over the world (Vaaland & Heide, 2008). Mintzberg (1983), refers to Elbing (1970) when he states that the concept of social responsibility has been discussed academically by professors, pragmatically by businessmen, politically by public representative and approached from various angles philosophically, psychologically, sociologically, economically even aesthetically. The complexity of the concept has lead to variations of definitions some boarder than others with no consensus on a generally accepted definition. The difficulty with defining CSR sterns from
Social responsibility has been defined as a social norm. In this society, companies from the least to the greatest practice Corporate Social Responsibility (CSR). The management and staff of the corporations are expected to perform the right things as their misdeeds may be held accountable. Furthermore, the corporation is required to be responsible for their member‟s behavior. (Seitel, 2003) According to McWilliams, Siegel & Wright (2006), they claimed that although there are numerous definitions of CSR but the given definition is vague and unclear.
Definition of CSR and a description of what it is. Corporate Social Responsibility is a voluntary initiative taken by a company where they contribute to social, ethical , and environmental issues in society. Also known as “corporate citizenship”, CSR is a continuous commitment of a business to demonstrate ethical and economic activity that benefit the staff, the shareholders, the business, but most of all society. It is when a business takes of time money to make a difference in society. Whether it is to help a certain people or raise awareness for a cause, CSR is done in most businesses and it highly beneficial for the business in many ways.
Introduction CSR (Corporate Social Responsibility) standard is always problematic to define. As an approach to manage the variation between organizational behaviors, social values, and community’s expectations, CSR works a tool for strategic issues management. It also becomes a theoretical basis for a company to develop a harmonious relationship with the community (Community Development). Therefore, CSR is the moral responsibility that a company has to conduct for its strategic stakeholders, especially for the community around the operational areas. It is the commitment of a company to account for the impact of its operation in social, economic, and environmental dimensions (Achda, 2006).
There are a lot of different approaches for identifying Corporate Social Responsibility. CSR includes a large number of different activities which company practise and behaviour paradigms of the company. The main idea of CSR is to show relation between company and society. In order to learn the difference between “actual” company behaviour and “stated” policy it is important to find out about all aspects of company’s CSR. There are three different studies about CSR.
Research Proposal (Management Sciences) Corporate Social Responsibility as intangibles, constraints in its operationalization and implementation of CSR strategies in Project Samrah Jabeen firstname.lastname@example.org 1. Introduction/background For a long time, Corporate Social Responsibility (CSR) has been taken as responsibility and not asset. Since the mid-1950s scholars have been examining and analyzing concepts and theories concerning the responsibilities of business in society. Yet, little progress has been achieved in articulating and quantifying the CSR as intangible assets. There are many factors which are making operationalization of this concept difficult.
Corporate Social Responsibility and Stakeholder Theory The concept of corporate social responsibility as discussed earlier means that organizations not only have responsibilities to earn a fair return for investors and comply with the law, but also have moral, ethical and humanitarian responsibilities. Traditionally, a corporation is viewed bearing its primary, if not sole, responsibility is to its owners, or stockholders. However, CSR requires organizations to adopt a broader view of its responsibilities that includes not only stockholders, but many other constituencies as well, including employees, suppliers, customers, the local community, local, state, and federal governments, environmental groups, and other special interest groups, which
This research is primarily focused on the awareness and understanding of the concept of corporate social responsibility by Czech small and medium – sized enterprises (hereinafter referred to as SME). The purpose of this study is to determine if size of a company matters in terms of awareness and understanding of the concept Corporate Social Responsibility (hereinafter referred to as CSR). In recent years, scholars
In order for the future study to be relevant, a view need to be taken on the previous studies conducted on managerial perspectives and on sustainable development in Africa. According to the study of “Ethical considerations of corporate social responsibility - A South African Perspective” (Ackers, 2015), it was conceptualised that CSR was to be representing the fit between the expectations of society and the real ethics of business. The two dimensions were derived from this fit: (i) Behavioural dimension - representing the fit between the expectations of society and the actions of business (company’s responses to social expectations). (ii) Attitudinal dimension – reflected the fit between the expectations of society and management perspective