A Pragmatic Alternative for Creating a Corporate Social Responsibility Strategy By Dina Gerdeman 28 MAY 2012 RESEARCH & IDEAS : http://hbswk.hbs.edu/item/6994.html Abstract: Corporate social responsibility (CSR) is a corporate initiative to assess and take responsibility for the company ’s effects on the environment and impact on social welfare. CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit
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What is corporate social responsibility (CSR)? According to the ¡®Wikipedia¡¯ ‚ ¡°Corporate social responsibility (CSR) is a company s obligation to be accountable to all of its stakeholders in all its operations and activities with the aim of achieving sustainable development not only in the economical dimension but also in the social and environmental dimensions.¡±(en.wikipedia.org/wiki/Corporate_social_responsibility retrieved:10/09/07); another definition is that ¡°CSR is about how companies
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Personal Responsibility An Outline for Personal Responsibility Intro: Although people sometimes have limited choices in life‚ personal responsibility is very important because it is a major factor in your personal growth and is directly related to your success. (Thesis) Basic information on topic Body Paragraph I: Important to your personal growth Neil quote Provide evidence or examples Body Paragraph II: Is directed related to your success Gorrell quote Provide evidence or
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extent does Corporate Social Responsibility beneficial to a company’s performance? Hot debates were arose everywhere in the society about the extent of Corporate Social Responsibility (CSR). Mallen Baker (2004) states that CSR is about how companies manage the business processes to produce an overall positive impact on society. Supporters of CSR claim that Businesses and Corporations are not only about making money especially for big business. They should show social responsibility‚ moral standard and
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Corporate Social Responsibility at Nike‚ Inc. Overview of Policies and Activities CSR Structure In its approach to social responsibility‚ Nike groups initiatives into six separate categories: reducing waste‚ cutting energy‚ slashing water use‚ rejecting toxins‚ supporting communities‚ and empowering workers.1 Each of these initiatives carries three types of goals: an aim‚ a target‚ and commitments. The aim consists of the overall vision of that segment‚ while the
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that they recently have had to close a few stores – they are not acting like good corporate citizens‚ and it’s possible that such an attitude impacts its employees as well as its customers. The company has an opportunity to improve its social responsibility and turn what it views as issues into positive interactions with the community. The company should consider implementing the following plans: Customer Requests Customers request items because they want them‚ and want to purchase them from
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Starbucks’ policy of corporate social responsibility impact the company’s bottom line? According to Porter and Kramer (2006)‚ “Proponents of Corporate Social Responsibility (CSR)‚ use four arguments‚ moral obligation‚ sustainability‚ license to operate‚ and reputation as justification for implementing CSR programs and practices (p.3). Moral obligation is the duty to be a good citizen and do the right (socially responsible) thing. Sustainability requires responsibility managing both environmental
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My Life- My Personal Responsibilities’ Early in this journey of life‚ mother instilled in me the importance of living responsibly‚ she would say “whatever you do in life make responsible and wise choices.” By the time I was a junior in high school‚ I has selected both the university and major area of study that I wanted to pursue. I did the research and footwork then presented my parents my future plans my mom expressed how proud she was of me for taking the initiative for pursuing my college
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and its significant social and environmental impacts. Part Two: Critically evaluate the nature and degree of the company’s responsibilities in relation to each issue. To do so‚ arguments should explicitly draw upon the theories outlined in class – e.g. the various ethical theories‚ institutional and stakeholder theories. For each issue‚ you may draw upon a variety of theories – i.e. present a number of analyses of the nature and degree of a firm’s responsibilities‚ each of which draws
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slogan. In recent years‚ however‚ the New Jersey based‚ food and beverage company that brought us V8 Splash‚ Pepperidge Farm and Campbell’s Soup‚ has become known for a bit more - their Corporate Social Responsibility (CSR). Campbell Soup Co. has consistently made the top ten list of Corporate Responsibility Magazine’s 100 Best Corporate Citizens - placing second in 2011 and eight in 2012. The company was also the only food and beverage company in the US to make Corporate Knights’ 2012 Global 100 Most
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