ABSTRACT Corporate Social Responsibility‚ a theory that has evolved since the 1990s‚ seeks to see businesses be responsible for their actions socially and environmentally. There is an increasing trend by businesses to adopt Corporate Social Responsibility Practices. This paper attempts to define the reasons why this is so‚ and what strategic issues are faced by companies who adopt these practices. The issue of Corporate Social Responsibility will then be highlighted in a case study of De Beers
Premium
Corporate Social Responsibility Corporate Social Responsibility Corporate social responsibility (CSR) can be defined as the "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organizations at a given point in time" (Carroll and Buchholtz 2003‚ p. 36). The concept of corporate social responsibility means that organizations have moral‚ ethical‚ and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply
Premium Social responsibility Corporate social responsibility Sociology
Doctrine of Social Responsibility The doctrine of social responsibility holds that individuals and organizations should advance the interests of society at large. They can do this by abstaining from harmful actions and by performing socially beneficial acts. Although the doctrine of social responsibility applies to people and organizations‚ much of the discussion focuses on business and the extent to which social responsibility should influence business decisions. Examples of Social Responsibility
Premium Social responsibility Corporate social responsibility Socially responsible investing
1.1 Identify key historical landmarks in social welfare focusing on the period upto 1945. During the period of 1900s to 1945s‚ there was various significant landmarks which focused on the social welfare of the people in the United Kingdom. The Uk government launched various welfare programmes through the social welfare provision‚ financial abet or social security which refers to a programme having the main objective is to provide a minimum level of the income to the people who don’t have
Premium Unemployment Sociology Welfare
Ethics and Corporate Social Responsibility in Business A) Ethics is commonly defined as a set of morals that influence an individual’s behaviour depending on a beings ideological belief. There is no right or wrong understanding to the word as the term is subjective to each person and to every separate situation. The evolution of business ethics originated in the 1960s where issues such as that of civil rights‚ work ethics and the environment played an influential role in the implementation
Premium Business ethics Ethics
Corporate Social Responsibility - What does it mean? CSR is about how companies manage the business processes to produce an overall positive impact on society. The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts‚ used the following definition. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of
Premium Corporate social responsibility Business ethics
DBA Program – 3rd Term 2013-14 Policy Dynamics GROUP 4 REPORT Presented to: Prof. Ramon A. Victor‚ Ph.D February 23‚ 2014 POLICY ANALYSIS . . . . . . . . . . . . . . . . . . . . . Norvin Palma GOVERNMENT POLICIES . . . . . . . . . . . . . . . . . . GenevevaDungca MONETARY & ECONOMIC POLICIES . . . . . . . . . Leticia Lopena COMPANY POLICIES . . . . . . . . . . . . . . . . . . . . . Maria Rhegel de Jesus BOARD OF DIRECTORS AND POLICY MAKING . . . . . . . . . . . . .
Premium Corporate governance Corporation Board of directors
In the world today‚ Corporate Social Responsibility (CSR) has become one of the most essential aspects adapted by governments and companies. The concept of CSR normally relates to the firm’s decisions in which would help out towards the company’s growth as well as improving the development of having a better society. The reason CSR has become very important for firms today is to counteract the growing public skepticism caused by corporate wrongdoings (Birth et al.‚ 2008). CSR is defined as “a model
Premium Corporate social responsibility The Body Shop Sime Darby
Social Responsibility and the Community The American Red Cross prevents and alleviates human suffering in the face of emergencies by mobilizing the power of volunteers and the generosity of donors. United Way improves lives by mobilizing the caring power of communities around the world to advance the common good. Involvement Responds to 70‚000 natural and man-made disasters in the U.S. Supports Military Families Health and Safety training Lifesaving Blood Donations International help
Premium United States Blood donation International Committee of the Red Cross
Literature Review of Corporate Social Responsibility (CSR) in MNCs Introduction The controversies surrounding the process of globalisation have raised concerns that multinational companies (MNCs) might be pursuing profit at the expense of vulnerable workforces‚ environmental degradation and so on. In response to such concerns‚ MNCs have increasingly taken steps aimed at demonstrating their social responsibility as business organisations. One prominent development has been the elaboration and
Premium