This chapter states the methodology of this study which is based on Saunders, et al, research onion. Similar views has been express by Frederick, as social responsibility is to imply a public posture toward societies, economic and human resources and to see these resources are used for the welfare of society.
In recent times, many Western governments with liberal market economies have assumed a much more active role in promoting CSR in the form of a cross-sectoral synergy with the private sector Matten and Moon, Data Presentation and Analysis This chapter covers the systematic process of sifting through the data generated in the study in order to answer the research question and text it hypotheses for causal relationship of variables.
The socio-political saliency of public policy in CSR has seen its strong manifestation in series of frameworks such as: This age old thinking is fast becoming obsolete especially with increasing stakeholders demand for sustainable business activities McKinsey, Some companies may implement CSR-type values without a clearly defined team or programme.
If you would like to get a great custom written essay, order it from us today. It is that easy! Finland, Sweden and Denmark known for the high ethical standards of their corporations coupled with their strong CSR, contends that: Without government intervention most external pressures on businesses to embrace CSR may not have the full backing of legal machineries whose violations by businesses would elicit sanctions.
So businesses should be more responsible for their environment.
August 20th, admin Would you like to see more essays? However, as they carry out their industrial and commercial activities for profit making the need to inculcate a sound Corporate Social Responsibility CSR in their core business strategy has become critical to their long term sustainability and commercial success.
Questionnaires were distributed to various business managers and leaders responsible for CSR and were requested to fill in the appropriate information. Various business enterprises have been faced with an uphill task in making decisions of whether they should adopt and implement the use of Corporate Social Responsibility in their enterprise.
This in turn has seen companies try to create distinct identity for themselves by giving publicity to their low carbon footprint, support for human right, animal welfare, decent labour practices, funding for girl child education to mention a few. It is no longer enough to be a successful company without being a successful corporate citizen whose actions straddles the economic, social and ecological enclaves of the society.
These responsibilities should not be underpinned by the fact of profit making but to create a better society and a more sustainable environment.
This growing awareness has made companies increasingly value the need for an effective CSR strategy which would have a long term effects on their corporate performances Baron, ; Gill, The likes of Greenpeace, World Wildlife Fund WWFOxfam, Rainforest Alliance and Amnesty International to mention a few, have pressured the corporate world to embrace measures that protects the environment, fights against child labour and the use of sweat shops, uphold rights of indigenous communities where extractive business activities takes place, feed the hungry and many other good courses.
In crowded marketplaces companies strive for a unique selling proposition which can separate them from the competition in the minds of consumers. The role of business entities in a society cannot be overemphasized because of the symbiotic relationship that exists between them and the environment in which they operate from and sell to.
This may come in the form of donations to schools, fight diseases, build infrastructure like roads and pipe borne water, aid disaster relief programmes and other numerous good courses. The use of existing data can also be used as a method of data collection though its accuracy will depend on the experience of the researcher using it.
Ethically or responsibility means treating stakeholders in a manner deemed acceptable in civilized societies. The increasing trans-nationalization of businesses flowing from the overarching influence of globalization coupled with the growing challenges of sustainable development meant government cannot stand aloof while businesses generate profits without giving back to the communities in which they operate.
Aim of the social responsibility of companies is to educate and trained the human capital, to turn a social problem into economic opportunity and economic benefit, into productive capacity, into human competence, into well- paid jobs, and into wealth Drucker, Social includes economic responsibility.
In the submission of Moon and Vogel CSR cannot exist in isolation of government since the national content of CSR is a reflection of the modern state. Chapter Three Methodology 3. These legal responsibilities tends to generate controversies with some canvassing for a more compelling legal obligations for businesses to engage in CSR De Schutter, while others have argued against stricter legal imposition of CSR by businesses that it should instead be a voluntary obligation.
Business service organizations can benefit too from building a reputation for integrity and best practice. Governments indeed values the promotion of CSR in the business environment so as to compliments it efforts especially now that the quest for environmental and social developments have become greatly aligned to national interest.
Without doubt, the demand for socially and environmentally responsible products and services by consumers will increase in the UK and will be critical to sustaining continued consumer patronage. Corporate Social Responsibility CSR is without doubt a key feature of national and global corporate citizenship in a much more competitive marketplace where the need to be responsive to needs of the society is even much more pronounced with the growing demand for environmental protection as a result of continued human despoliation of the environment.
According to Crespo, H, et alp. This in turn has made governments to engage in a synergistic partnership with the private sector to boost CSR to solve societal and environmental challenges confronting their communities and the world at large.
This has become even more imperative with the growing sophistication and demands of consumers in Western countries like the United Kingdom UK for brands that are socially and environmentally responsible for without which their continued patronage may be stalled.Corporate Social Responsibility in China.
Changes in the economic system such as non-financial reporting, financial and economic impacts on businesses and availability of new income sources for organizations have seen the shift in corporate social responsibility trends.
In conclusion, this paper has shown that corporate social responsibility is a vital element for nay business corporations. It has been shown that there are many different areas in which a company may choose to focus its corporate social responsibility.
This free Business essay on Corporate social responsibility is perfect for Business students to use as an example.
Environmental studies essays; Finance essays; Cross sector partnering clearly matter to business (C&E, ). Corporate-NGOs partnerships have gained momentum in recent times and as such has greatly and continue to. The question of business ethics has been at the forefront of business studies for several decades.
It is an issue that has been discussed by everyone from philosophers to economists, many of whom placed an emphasis on the social responsibility of corporations and their shareholders.
Corporate Social Responsibility (CSR) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, employees, shareholders, communities and the environment in all aspects of their operations. This free Business essay on Essay: Corporate social responsibility and sustainability is perfect for Business students to use as an example.
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