Strategic Corporate Social Responsibility and Value Creation among Large Firms Lessons from the Spanish Experience Bryan W. Husted and David B. Allen Can corporate social responsibility (CSR) be a source of good and a wellspring of innovation‚ competitive advantage and value creation for the firm? Although CEOs and government leaders insist in public that CSR projects create value for the firm‚ privately they admit that they do not know if CSR pays off. To address this question and drawing on
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increase of profits. They believe that caring about the environmental‚ social and other problems should be the responsibility of government and non-profit making organizations sponsored by governments. (Pontinen J 2013 ) A bright supporter of the narrow view is Milton Friedman who claims that the only social responsibility a business has is to maximize the profits of its owner or shareholders. Friedman feels that as long as the corporate executive carries out these desires in a way that follows the laws
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Corporate Social Responsibility http://csr.cisco.com/pages/csr-programs Cisco CSR Programs Should companies feel obligated to take it upon themselves to practice good Corporate Social Responsibility for the hard working consumers and stockholders that are all aware of the global social issues that occur every day? As defined by World Buisness Council for Sustainable Development‚ "Corporate Social Responsibility is the continuing commitment by business to contribute to economic development while
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or "corporate social responsibility" is often used interchangeably with corporate responsibility‚ corporate citizenship‚ social enterprise‚ sustainability‚ sustainable development‚ triple-bottom line‚ corporate ethics‚ and in some cases corporate governance. Nonprofit organizations such as charities‚ foundations‚ religious organizations etc. are one of the organizations that are engage in CSR. They got their funds from gifts or donations‚ loan financing‚ equity capital and such. I believe
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1.0 Executive Summary While there is no universally accepted definition of Corporate Social Responsibility‚ it is usually described in terms of a company considering‚ managing and balancing the economic‚ social and environmental impacts of its activities. The notion of corporate social responsibility should be a part of the core business operations of a company‚ rather than a separate ‘add on’.[2] Given that socially responsible organizations should seek ‘minimize their negative impacts
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| |“RECENT DEVELOPMENTS IN CORPORATE SOCIAL RESPONSIBILTY” | [pic] TABLE OF CONTENTS CHAPTER NO. SUBJECT Chapter 1 Executive Summary Chapter 2 Introduction to CSR Chapter 3 Model of Social Responsibility Chapter 4 Social Responsibility and Business Ethics Chapter 5 Concept of Corporate Citizenship Chapter 6
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(Reporter #1; additional input…) Corporate Social Responsibility The broadest definition of corporate social responsibility is concerned with what is - or should be - the relationship between global corporations‚ governments of countries and individual citizens. More locally‚ the definition is concerned with the relationship between a corporation and the local society in which it resides or operates. Another definition is concerned with the relationship between a corporation and its stakeholders
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was to have a setting of Italian elegance‚ a personal treat and a social gathering spot.(Keller & Kotler‚2012). Starbuck has worked tremendously hard to store an image that it has become the most frequently visited retailer in United States with an average of 18 times a month (Kotler & Keller‚2012). Starbucks is known as a responsible company since it started its operation in 1971. It has been a leader in its social responsibility at giving back to its communities ‚ the environment and in its ethical
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Introduction Corporate social responsibility is a concept that has been around for decades. It emerged as an issue when law makers‚ stakeholders‚ and the general public began focusing on ethical and responsible corporate behavior‚ also referred to as “corporate citizenship” (Carroll‚ A.‚ 1998). According to Carroll (1998)‚ there are four facets of corporate citizenship. These facets are: 1) corporates fulfilling their economic responsibilities and be profitable‚ 2) corporates obeying the law
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CO-OPERATE SOCIAL RESPONSIBILITY Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades‚ however‚ it has become of increasing concern to the business world. This has resulted in growing interaction between governments‚ businesses and society as a whole. In the past‚ businesses primarily concerned themselves with the economic results of their decisions. “Today‚ however‚ businesses must also reflect on the legal‚ ethical‚ moral and social consequences
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