The Myth of CSR The problem with assuming that companies can do well while also doing good is that markets don’t really work that way By Deborah Doane Stanford Social Innovation Review Fall 2005 Copyright © 2005 by Leland Stanford Jr. University All Rights Reserved DO NOT COPY Stanford Social Innovation Review 518 Memorial Way‚ Stanford‚ CA 94305-5015 Ph: 650-725-5399. Fax: 650-723-0516 Email: info@ssireview.com‚ www.ssireview.com ~ DO NOT DISTRIBUTE ~ FOR PERSONAL USE ONLY ~
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Question 1: Discuss the CSR practices of any one organization of your choice. Answer Coca Cola India is the organization which has been winning the ‘Golden Peacock’ award for Environment Management many times. Hence I have selected it as the organization whose CSR practices I will be discussing here. The company proudly states its 120 year old history with its global presence in about 200 countries and 90‚500 associates. The company contributes not only to the soft drink industry but also to the economy
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social responsibility (CSR)‚ and its impact on societal well being‚ apart from the overall governance of the supply chain processes of every organisation. Ratings are being developed to measure performances of most firms with regard to their CSR efforts besides their financial performance. This rating would then be used to measure each firm ’s progress in the business world. Many studies have been conducted linking CSR to consumer loyalty. It is found that the higher the CSR rating the stronger
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Corporate Social Responsibility (CSR). Some may debate that it decreases company’s profits by spending much money on CSR. However‚ according to Needle (2004)‚ ‘good’ CSR is also good for business‚ a firm could benefit from doing CSR. Thus‚ this paper aims to explain its importance. It begins with the definition of CSR and its four responsibilities‚ then presents how it influences a business and benefits it can bring. Finally‚ I am going to describe strategic CSR and discuss why firms have social
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otherwise known as CSR‚ has been defined as the continuing commitment by businesses to contribute to economic development while improving the quality of life of the workforce and their families‚ as well as the local community and society. Studies have shown that businesses can no longer ignore communities within their areas of operations otherwise they risk harmonious coexistence. For many companies‚ managing CSR is no longer seen as an extra cost or burden. Rather‚ CSR is increasingly viewed
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social responsibility (CSR) within organizations. CSR is an emergent discourse within organizational research and praxis. It has parallels to sustainable development‚ environmental protection‚ social equity and economic growth. Although some organizations consider CSR to be a peripheral and sector speci c issue‚ it is becoming increasingly mainstream‚ supported by government legislation. Key questions arising are‚ is there a con ict between pro t earning and CSR? How can CSR be implemented without
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a major hindrance that stops organisations in practising CSR a) No knowledge about CSR b) Inadequate financial resource c) No relevant experience and skill d) Others__________________________ Which of the following factors are the major limiting factors in your way to CSR Breadth of CSR not defined Government regulations Financial limit of CSR not defined Philanthropy can’t be measured B1. Does your company engage in CSR initiatives (by this we mean managing corporate activities
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________________________________________ Absorption Alcohol is absorbed from all parts of the gastrointestinal tract largely by simple diffusion into the blood. However the small intestine is by far the most efficient region of the gastrointestinal tract for alcohol absorption because of its very large surface area. In a fasting individual‚ it is generally agreed that 10% to 20% of a dose of alcohol is absorbed from the stomach (the volume of alcohol affects the absorption) and 75% to 80% is absorbed
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chemistry‚ an alcohol is an organic compound in which the hydroxyl functional group (-OH) is bound to a carbon atom. In particular‚ this carbon center should be saturated‚ having single bonds to three other atoms.[1] An important class of alcohols are the simple acyclic alcohols‚ the general formula for which is CnH2n+1OH. Of those‚ ethanol (C2H5OH) is the type of alcohol found in alcoholic beverages‚ and in common speech the word alcohol refers specifically to ethanol. Other alcohols are usually
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relevant is CSR in todays business agenda? Corporate Social Responsibility is described as being a company’s ethical‚ economic‚ environmental‚ social and legal attitude towards its stakeholders in order to establish long-term success (Crane at el‚ 2008). These issues have come to have an important role in the running of a business in recent years. CSR was developed over a number of years and has been researched by professional economists. There are many arguments in favour of and against the CSR strategy
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