Corporate social responsibility Essays

Corporate Social Responsibility Tesla Motors Inc., Patagonia Inc., & General Mills Inc. Brendan J. Bowers Konstantina Karatzoudi Rhoda Williams – Moore MET AD 655: International Business, Economics and Cultures Professor Jung Wan Lee December 12, 2016 1. Introduction Corporate social responsibility (CSR) is rapidly becoming a factor that companies must consider in order to remain relevant and favoured in the eyes of their consumers. This is more so important on international scene where

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

discussion on corporate social responsibility (CSR) has been arising. Patrick Murphy (University of Michigan Business Review, 1978) defined four significant periods of CSR before and after 1950`s. In a simplified scheme, Murphy argued that the period up to the 1950s was the ‘philanthropic’ era in which companies donated to charities more than anything else. The period 1953–67 was classified as the ‘awareness’ era, in which there became more recognition of the overall responsibility of business and

(Epstein-Reeves, 2010). Consumers want businesses that live up to their social responsibility and will not only choose a business based on its reputation for doing good for society and the environment, but may even purchase more expensive products based on this reputation (Scarborough & Cornwall, 2014, p. 52). It is imperative that small businesses realize the importance of this reputation and develop a strong corporate social responsibility (CSR) mission that is integrated at every level within the organization

this, the firm adopted 8points strategies that guide and measure the firm’s commitment to good corporate citizenship. These strategies include: • Integration • Investment and cost discipline • Operational excellence • Portfolio management • Project execution • Risk management • Technology leadership • World-class workforce Figure 2: Exxon Mobile Foundation Program Source: Exxon Mobile Corporate Citizen Report (2015) The figure above is an indication of how far the company has gone in her

Corporate Social Responsibility (CSR), by definition, refers to the responsibilities of business that go beyond that of its obligatory economic, legal and technical requirements and more towards philanthropic actions for sustainability. It is rooted from the belief that a business owes certain responsibilities towards the society and stakeholders beyond that of making profits. Corporate ethics, which are the morals of right and wrong regulating the conduct of businesses, works side by side with CSR

“Verizon focuses its corporate social responsibility strategy on the customers, with the goal of reaching and achieving high customer satisfaction. Archie Carroll’s theory on corporate social responsibility states that businesses must work to satisfy the interests of stakeholders. Stakeholders are individuals or groups of people that affect and are affected by the business. In this case of Verizon, the stakeholders are invested into the various markets where the company operates. For example, the

Corporate social responsibility is a tool to build the legitimacy and can be used to influence the competitive advantage and highly constructive and interactive relationship with the stakeholders through the CSR activities. Verizon is the one of the largest communication service provider in the world and rated as one of the Top 10 companies in the S&P 500 environmental and socially responsible companies. At Verizon we believe that it is our responsibility to minimize the operational impact on environment

Do companies have a social responsibility? Should companies use their money to benefit their consumers and society or please the shareholders? These are the main questions asked in the debate of corporate social responsibilities in “Rethinking the Social Responsibility of Business” in the Reason published in October 2005. This issue is something which Starbucks should be interested in because of how our company can benefit from the business strategies argued in this article. More importantly, I will

accountable members of society. Inversely, Caterpillar Inc. has conduct such misbehavior for their corporate social responsibilities. The construction giant now faces scrutiny from social media on their latest corporate tax evasion. The social concern related to tax and accounting fraud can affect the company’s internal and external stakeholders. Since the issue originated from their headquarters with high social capital the stakeholders such as workers, suppliers, lenders, and customers in the vicinity

Introduction Corporate social responsibility (CSR) is focus of the current business world, consumers pay more attention to the return of the company rather than the quality and price of the product. Recently, the increasingly international corporate scandals have exposed some serious issues on the roles and responsibilities of companies (Brammer, Williams and Zinkin, 2004). According to a report from PricewaterhouseCoopers (Cheney, 2004), companies that ignore environmental problem and social responsibility

When it comes to social responsibility Whole Foods is at the top of Carroll’s Global Pyramid. Corporate Social Responsibility (CSR) and moral leadership is when a company goes beyond the task of everyday business. “..notion that corporations have an obligation to constituents groups in society other than stockholders and beyond that prescribed by law or union contract” (Kreitner & Kinicki, 2013, p. 20). They set the atmosphere for efficiency and engages in the employees, customers, stakeholders and

Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also

As we know, philanthropic model consists of economic view of CSR plus option for a particular business to contribute to social needs as a matter of philanthropy, but not as a matter of duty or social responsibility. [Hartman, L., MacDonald, C. DesJardins, J. (2014) Business Ethics, Chapter 5, p. 222] Moreover, philanthropic CSR suggests that businesses contribute to society in the hopes that this will have beneficial

The main objective of this paper is to provide an in depth viewpoint of the Corporate Social Responsibility (CSR) of Southern Company. Corporate Social Responsibility is a commitment that businesses and corporations make that holds them accountable for contributing to the economic development of where they are located. CSR also improves the quality of life for the company’s workforce, their families, and the community. To maintain their CSR, many companies choose to donate to charities, volunteer

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

Social responsibility is an idea that companies should balance profit-making activities with socially beneficial activities and involve the development of a businesses that have a positive relationship with the societies.The missions of Under Armour are making all of athletes better through passion, design, and the relentless pursuit of innovation. There are four part of global corporate social responsibility in the pyramid which are philanthropic responsibility, ethical responsibility, legal responsibility

Introduction The current paper examines the role of Ethics and Social Responsibility of businesses and corporations in marketing strategy. Specifically, the current paper investigates the corporation named Enron, to demonstrate how ethics and social responsibility play a part in the marketing mix and drives new trends on public trust in the marketplace. The paper at hand outlines the external factors that contribute to business ethics such as political and legal environment, consumers and competitive

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

Ford. In recent years, customers and employees have demanded corporate social responsibility (CSR) ethics, inclusion and diversity, reflecting that businesses should do more than meet the basic requirements for ethical corporate activities. Modern businesses are increasingly employing these concepts to encourage change for good and make a significant contribution to the world as they begin to acknowledge their environmental and social impact. In this essay, I will discuss these three companies;