Preview

Csr in Construction Industry

Powerful Essays
Open Document
Open Document
3384 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Csr in Construction Industry
CSR in Construction Industry

CONTENT
1.0 INTRODUCTION 1.1 Corporate Social Responsibility: a Brief History 1.2 Definition of CSR 2.0 DISCUSSION AND INTEGRATION 2.1 CSR Practices and Sustainable Development in Construction Industry 2.1.1 Social 2.1.2 Economy 2.1.3 Environment 2.2 Push and Pull Factors Influencing CSR and Sustainable Development Adoption 2.3 Challenges 2.4 Conclusion

PAGE

2 3

5

6 8 9 10

14 15

Module: FEM 205

Page 1 of 15

CSR in Construction Industry

CSR IN CONSTRUCTION INDUSTRY

1.0 INTRODUCTION

1.1 CORPORATE SOCIAL RESPONSIBILITY: A BRIEF HISTORY According to Cannon (1994 cited by Barthorpe, 2010, p. 5), as early as the late nineteenth century during the industrial revolutionary era, prominent

businessmen and politicians were influenced with the “Victorian Philanthropy” and supported the needs of those who had failed during the industrial revolution.

In the UK, notable achievements by the Salvation Army which was founded by William Booth in 1878 pursued to deal with problems associated with social inequalities on disadvantaged employees by their unscrupulous employers
(Cannon, 1994 cited by Barthorpe, 2010, p. 5).

And, early influence of Religious Society of Friends known as Quakers is significant in the establishment and development of what is now known as corporate social responsibility (CSR). One of the notable members of the Quakers was Richard Cadbury, the chocolate manufacturer, where in 2004 Cadbury Schweppes won the Management Today “Most admired company” award (Wall, 2005 cited by Barthorpe, 2010, p. 5).

The first era of modern corporate social responsibility appears in the 1920s and it is the first time that the concept of social responsibility is developed from a corporate perspective rather than individual. This stems from a decline in individual ethic and a rise of social ethic required for industrial harmony (Hoffman,
2007, p. 56).

CSR has been in practice ever since the 1950s in

You May Also Find These Documents Helpful

  • Better Essays

    Dentex Case

    • 2959 Words
    • 10 Pages

    Citations: Petrenko. A. Corporate social responsibility [Power Point Slides]. Retrieved from Lecture Notes Online Web site: https://moodle.yorku.ca/moodle/course/view.php?id=39261…

    • 2959 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Corporate social responsibility (CSR) has been a buzz phrase since the 1970’s. The Harvard Kennedy School defines CSR as something that “…addresses how companies manage their economic, social, and environmental impacts, as well as their relationships in all key spheres of influence: the workplace, the marketplace, the supply chain, the community, and the public policy realm.” (Corporate Social Responsibility Initiative, 2008) In an article on the website “As You Sow” early CSR attempts are described as primarily philanthropic and consisted of giving…

    • 3208 Words
    • 13 Pages
    Powerful Essays
  • Best Essays

    Drai, E. and Thorn, R. 2008.’The Corporate Social Responsibility Trend’. Law and Reports, 8 (1), pp. 1-2.…

    • 2128 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    Business Ethics Outline

    • 1266 Words
    • 6 Pages

    Crane, A; Matten, D; & Spence, L; (2007) Corporate Social Responsibility: Readings and Cases in a Global Context…

    • 1266 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Csr on Marks and Spencer

    • 1358 Words
    • 4 Pages

    Corporate Social Responsibility is not by any means a new idea more a new label on an old idea. The first large scale consumer boycott in the UK happened in the 1790’s over slave harvested sugar. CSR became more popular in the 1970’s largely due to Dame Anita Roddick founder of The Body Shop and in the USA due to Ben & Jerry’s. In 1982 Business in the Community was launched. This was an organisation founded by Marks and Spencer amongst others to encourage other companies to play an active part in their communities. This has grown and is now also concerned with CSR and…

    • 1358 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    Coca Cola Ethics Issues

    • 1698 Words
    • 7 Pages

    Bibliography: Doukakis, I. P., Kapardis, M. K. & Katsioloudes, M., 2005. Corporate social responsibility: the way forward? Maybe. European Business Review, 17(3), pp. 263-279.…

    • 1698 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Corporate social responsibility (CSR) as a topic has received the attention of organisations and managers as a whole. The 1950s marked the start of the modern era of CSR for managers, where Howard R. Bowen (1953) defines social responsibilities in his publication as the businesses’ duty to make decision and follow principles that are acceptable to society. However, Milton Friedman (1970) argued that social responsibilities is for people not businesses, he claims that the only responsibility business managers should have is to use all their resources to maximise profit and increase shareholder’s wealth (Friedman, York Times Magazine, September 13, 1970, pp. 32-34).…

    • 2250 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    McWilliams, A. & Siegel, D. 2001, ‘Corporate social responsibility: A theory of the firm perspective’, Academy of Management Review, 26(1), p.117-127, viewed 1 May2012, .…

    • 1170 Words
    • 4 Pages
    Best Essays
  • Good Essays

    In recent years, Corporate and Social Responsibility has become an ever increasing concern and source of community debate. It is now socially accepted that corporations have some ongoing responsibility, though sometimes ignored, to set a good example, make decisions based on social good and on ensuring positive environmental practices.…

    • 1006 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Stockholder vs Stakeholder

    • 23180 Words
    • 93 Pages

    * Visser, Wayne, Dirk Matten, Manfred Pohl, and Nick Tolhurst (Editors) (2007). The A to Z of Corporate Social Responsibility. London, England; New York, NY: Wiley. ISBN 978-0-470-72395-1.…

    • 23180 Words
    • 93 Pages
    Powerful Essays
  • Best Essays

    Lee, M-D.P., 2007. A review of the theories of corporate social responsibility: Its evolutionary path and the road ahead. International Journal of Management Reviews, 10 (1), pp.53-73.…

    • 3954 Words
    • 16 Pages
    Best Essays
  • Best Essays

    Horrigan, B. (2010) Corporate Social Responsibility in the 21st century: Debates, models and practices across Government, Law and Business. Cheltenham, Edward Elgar Publishing Ltd.…

    • 3867 Words
    • 16 Pages
    Best Essays
  • Best Essays

    The modern base of globalisation and ethical behaviour has considerably changed the basic philosophy of Corporate Social Responsibility of any organisation or company. Companies are awakened to be socially responsible for their profit maximisation. Most large Multi National companies feel extensive pressure from consumers, employees, suppliers, community groups, government, Non-Governmental Organisations (NGOs), and institutional shareholders (these groups are collectively known as stake holders of a company) to engage in being socially responsible (Morrison Paul, Catherine J. and Siegel, Donald S., 2006). In recent years, scholars in the field of several business administrations have studied the implication of Corporate Social Responsibility (CSR) on economical and communal performance of an organisation or a company.…

    • 4599 Words
    • 19 Pages
    Best Essays
  • Satisfactory Essays

    Csr Literature Review

    • 462 Words
    • 2 Pages

    It was not until 1970 when Wallich and McGowan made a first attempt to demonstrate a connection between CSR and shareholder interests. Their main argument was that the corporation’s long-term interest is to strengthen the environment they belong to. If the society the companies belong were to deteriorate, businesses would lose their “critical support structure” and customer base. This model renewed the interest in CSR and sparked more research on the subject (Fitch 1976, Elkins1977, Keim 1978)…

    • 462 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    faasidaodas

    • 14138 Words
    • 57 Pages

    King, A., Lenox, M., 2001. Lean and green? Exploring the spillovers from lean production to environmental performance. Production and Operations Management 10…

    • 14138 Words
    • 57 Pages
    Good Essays