Samsung: Corporate Social Responsibility
WHAT IS CORPORATE SOCIAL RESPONSIBILITY (CSR)? “Corporate Social Responsibility (CSR) is concerned with the ways in which an organization exceeds its minimum commitments to stakeholders specified through regulation.. For example, contractual stakeholders – customers, suppliers or employees have legal relationship with an organization, and community stakeholders. CSR policies of companies will be particulars important to these community stakeholders”.
1 Gerry Johnson, 8TH edition – Corporate Strategy.
SAMSUNG ELECTRONICS
2.0 INTRODUCTION TO SAMSUNG ELECTRONICS
Samsung is known as the multinational company in South Korean. Its headquarters is located in Suwon, South Korea and their CEO is Kwon Oh- Hyun. According to the Mobile World Congress
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The company operates 14 counselling centers, healing programs and meditation rooms at each business site’s.
- Samsung also provides training programs to enhance their employees skill. This training is tailored to every employees from different job levels and position. Their trainings are based on three pillar training – Core, Leadership and Expertise Program. 3.2 What does Samsung Electronics doinging to meet their Legal Responsibilities?
Legal Responsibilities defines that the requirements that are placed are by the law and also ensuring the companies profitability, ensuring that all obeys the most significant responsibilities in Corporate Social Responsibilities, (CSR).
- Samsung implements Anti – corruption to prevent bribery inside and outside the company and ensures that the employees and the stakeholders are well aware of that matter.
- Samsung practices the Principles of Compliance Management which covers areas such as data protection, security, corruption and intellectual property rights.
-Samsung uses Management systems which manages the legal affairs on personal information. Patents and taxes and also launch the Global Privacy Office and enhance risk management
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The purpose is to fulfill their responsibility as a corporate citizen that is expected by the stakeholders as well as the whole world.
3.4 What is Samsung doing to meet their Discretionary Responsibilities?
Discretionary Responsibility is also known as philanthropic responsibility. It has the highest level of expectations in the society’s perspective towards an organization.
Samsung had made a lots of contribution towards education and child-care:
- Samsung Companies from all around the world have joined hands to establish a hygenic,safe and a well -lit environment for many communities globally. Samsung Engineering have been transforming neglected schools into childrens libraries all sites including India, Iraq, Uzbekistan, Bolivia etc.
- Samsung also runs a parallel program which donate books in the name of guests who donates to Samsung Engineering’s corporate promotion center in Seoul.
- Samsung Engineering build technical schools to train local men and women in basic technical skills. Post graduates from the technical school will then be given opportunity to work in Samsung.
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