Corporate Social Responsibility (CSR) has gained its importance as an essential activity for corporate nationally and internationally. It has become a matter of utmost importance for diverse groups demanding change in the business orientation. From 1980 to 2000, corporations recognized and started accepting a responsibility towards society. CSR implies some sort of commitment, through corporate policies and action. This operational view of CSR is reflected in a firm's social performance, which can be assessed by how a firm manages its societal relationships, its social impact and the outcomes of its CSR policies and actions.12 The term ‘corporate social performance’ was first coined by Sethi (1975), expanded by Carroll (1979), and then refined
Corporate Social Responsibility (CSR) initiatives seem to be a business imperative nowadays. In a survey done by McKincey (2009), over 80% of interviewed CFOs claimed that corporate social responsibility is included in their evaluation standards of business projects. And the majority of respondents believed in remarkably positive contributions of CSR to shareholders’ value, especially long term benefits. Apparently, fashion industry has realized this trend as well as a growing demand of socially responsible business behavior from consumer and other stakeholders. For example, H&M has been releasing annual conscious actions & sustainability reports since 2002, in which a wide range of dimensions of CSR initiatives are demonstrated carefully and
Considering the fact that company promises an ethical guideline regarding employee rights, working conditions is being followed not only by itself but also by suppliers, they are ethically bounded to control and enforce these promises. At this point, one could argue if Apple is able to make its suppliers comply to its ethical requirements. Apple is the
As in other multinational companies, Apple Inc. also have its Code of Conduct in managing its company. Apple is committed to ensure that its working conditions in the Apple’s supply chain are safe. In which situation that the workers are treated with respect and dignity. Besides, the manufacturing processes are in the condition where it operate as environmentally as responsible. Apple’s suppliers are required to operate in full compliance with the laws, rules, and also the regulations of the countries they are operate in all of their activities.
Many organizations have started to become active in addressing social concerns. Social responsibility involves being accountable for the social effects the company has on people directly or even indirectly. The people within the company, in the supply chain of the company, in the community the company is in and as customers of the company, that is the whole lot of stakeholder are all included in this. It refers to the management’s requirement to make choices and take actions that will add to the welfare and interests of the community and that of the organization. The following have been found to be key social aspects of CSR for an
2.1 Literature Review Corporate Social Responsibility (CSR) practice has gradually becoming a hot topic in corporate world and empirical studies of CSP and Corporate Financial Performance (CFP) started over decades ago and the conclusion have been mixed. Numerous studies have been carried out on the relationship between CSR and CFP resulting in three different potential results: negative link, no link, and positive link. According to Rajput, Batra, & Pathak (2012) the past studies on CSR resulting in three different groups which the first group supports CSR and claims that it give positive results to the company’s profitability, second group is neutral and claims that CSR give no impact to the company’s profitability and third group claims
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.
Corporate Social Responsibility in Microsoft Microsoft is an American company in the IT world providing software and hardware products. The most famous Microsoft product is the Microsoft Windows computer operating system, which is used worldwide by companies in any size as well as personal computers. In this essay I am going to introduce you in the Microsoft Corporation’s corporate social responsibility (CSR) strategy. CSR is a form of corporate self-regulation, which is integrated into a business model. Using CSR’s mechanism, the business monitors and ensures its active compliance with the law, ethical standards and national or international norms.
Table of Contents Miji Kim Patrick Klocek Extended Essay January 19th, 2018 To what extent has globalization impacted Corporate Social Responsibility in Asia? Corporate Social Responsibility, or so called “CSR,” can be defined as a corporation’s initiatives to assess and take responsibility for the company’s effects on environmental and social wellbeing. (Staff 2) The concept of CSR is very recent in terms of the entire world; but even more recent in case of Asia. For example, it has only been 8 years since Malaysia and Philippine encouraged requirement of reporting corporate transparency on “environmental issues and social issues.” (Citation will be added here) Corporate Social Responsibility can be distinguished
This really means that Apple has not impose its ethical conduct thoroughly throughout the company. Therefore. according to multiple popular news sources, Apple does not really present as a very ethical corporation. This is on a level understandable providing the number of haters and competitors Apple has that may have had played a hand in exposing these scandals to the public. However, Apple is to blame for such appalling business conduct and ignorance in their monitoring not only Apple premises but also with