corporate social responsibility initiatives. What arguments support the pursuit of social initiatives by business organizations and what arguments suggest that the role of business is primarily to make profits? My view: The Corporate Responsibility (CSR) debate is very topical. In the past when considering corporate philanthropy (charitable giving by companies)‚ opinion tended to divide into those who considered is appropriate that companies (as the creators of economic wealth) should reasonably direct
Premium Corporate social responsibility Social responsibility Management
Nature/ Background of Dutch Lady Milk Industries Berhad Dutch Lady Milk Industries Berhad ("Dutch Lady Malaysia") is a branded manufacturer of dairy products in Malaysia. It was incorporated in 1963 as a manufacturer of sweetened condensed milk called Pacific Milk Industries (Malaya) Sdn Bhd. Dutch Lady Berhad then converted into a public company and became the first milk company in Malaysia listed on the Bursa Malaysia in 1968. Dutch Lady Berhad is a subsidiary company of the Royal FrieslandCampina
Premium Milk
Taj Hotels‚ Resorts & Palaces CSR Case Study Company Brief The Indian Hotels Company Limited and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and are recognized as one of Asia’s largest and finest hotel company. Incorporated by the founder of the Tata Group‚ Mr. Jamsetji N. Tata‚ the company opened its first property‚ The Taj Mahal Palace Hotel‚ Bombay in 1903. Today Taj Hotels Resorts and Palaces comprises 108 hotels across destinations in India‚ Maldives‚ Malaysia‚
Premium Taj Mahal Tata Group India
slave labor‚ children who are not only unpaid and forced to work 10 hours a day but are taken from their homes and trafficked to‚ in most cases‚ neighboring countries (Paul Kenyon‚ BBC Video). Brown and Dacin’s (1997) research argues that a company’s CSR record creates a general context for consumer’s evaluation of a company. If consumers are to think that the cocoa Mars uses in their chocolate products are from such sources‚ then the Mars brand would be seen as a brand that is not socially responsible
Premium Ethics Marketing Business ethics
depends on the wellbeing on the other. Companies engaged in CSR are reporting benefits to their reputation and their bottom line. We cannot build the case for CSR solely because of its economic benefits - an ethical case must be made for companies taking responsibility for the impact of their relations with society and the environment‚ otherwise the foundations of CSR will be far too narrow. However‚ Corporate Social Responsibility (CSR) is becoming an increasingly significant category by which
Premium Corporate social responsibility Business ethics Social responsibility
Corporate Social Responsibility (CSR) Bala Ramasamy Mathew Yeung ABSTRACT. The findings of this article increase our understanding of corporate social responsibility from the consumers’ perspective in a Chinese setting. Based on primary data collected via a self-administered survey in Shanghai and Hong Kong and results of similar studies conducted in Europe and the United States‚ we provide evidence to show that Chinese consumers are more supportive of CSR. We also show that Carroll’s pyramid
Premium Social responsibility Corporate social responsibility
Corporate social responsibility (CSR) refers to a corporation’s accountability for its actions towards its people‚ the communities it interacts with‚ and the environment it is situated in. By implementing CSR as part of its corporate strategy‚ a firm seeks to align its economic interests with its legal and social responsibilities to its employees‚ its community and the rest of its stakeholders. In Singapore‚ though CSR is still a relatively new notion when compared to the Western countries‚ it
Premium Corporate social responsibility Social responsibility
CSR objectives and actions developed for each of the Indra’s stakeholder groups: customers‚ suppliers‚ employees‚ shareholders and community are: Customers For Indra‚ knowledge exchange with customers to develop ad-hoc solutions is essential. In doing so‚ Indra selects those customers that it considers as highly innovative and with great growth potential‚ for which the development of trust is critical. Thus‚ it fulfills a two-fold aim: it improves its knowledge on needs and expectations of this group
Premium Management Corporate social responsibility Ethics
Engagement and CSR: TRANSACTIONAL‚ RELATIONAL‚ AND DEVELOPMENTAL APPROACHES Philip Mirvis This article looks at the relevance of corporate social responsibility (CSR) for engaging employees‚ including its impact on their motivation‚ identity‚ and sense of meaning and purpose. It explores three different ways that companies engage their employees through CSR: a transactional approach‚ where programs are undertaken to meet the needs of employees who want to take part in the CSR efforts of a
Premium Corporate social responsibility
profile and the closing case for this chapter‚ discuss the challenges regarding corporate social responsibility (CSR) that companies in the apparel business face in its supply chains around the world. In today’s globalized economy‚ the challenge in engaging in CSR is in keeping costs low while at the same time keeping profits high and shareholders happy. With the implementation of a CSR strategy‚ Milton Friedman’s theory of maximizing shareholders’ profits as a company’s sole objective has become
Premium