CORPORATE SOCIAL RESPONSIBILITY The term social responsibility means different things to different people. Generally‚ corporate social responsibility is the obligation to take action that protects and improves the welfare of society as whole as well as organizational interests. According to the concept of corporate social responsibility‚ a manager must strive to achieve both organizational and societal goals. Current perspectives regarding the fundamentals of social responsibility of businesses
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services. The society concerned more about the business ethic and environmental issues. Companies are expected to act virtuously nowadays. The ideas of Corporate Social Responsibility and Corporate Citizenship are spreading faster than ever before and become one of the hottest business models in the recent decades. “Corporate Social Responsibility (CSR)” is defined as “the commitment of business to contribute to sustainable economic development‚ working with employees‚ their families‚ the local community
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Corporate Social Responsibility MBA 688 Jurtyne R. Youngblood December 13‚ 2014 The social responsibility of corporations. It pertains to consideration of‚ and response to‚ issues beyond the narrow economic‚ technical‚ and legal requirements of the firm to accomplish social benefits along with the traditional economic gains that the firm seeks. The corporate responsibility of firms have been put to the side by managers‚ today the issues are now first on the corporate agenda (Peng‚ p. 363)
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Corporate social responsibility is a business philosophy that stresses the importance of keeping the best interests of the wider society in mind. 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 the workforce
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years‚there has been a shift by oil and gas companies to Corporate Social Responsibility(CSR).[1]CSR is a self regulatory policy whereof businesses monitor and ensure it actively complies with the spirit of the law‚ethics and international rules.In the case of oil companies‚ most have failed to effectively meet its economic‚social and environmental responsibilities.Thus often discrediting the genuineness and reliability of the CSR policy most especially considering the fact that the rule of every
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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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POLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF ACCOUNTANCY STA. MESA‚ MANILA CORPORATE SOCIAL RESPONSIBILITY AND GOOD GOVERNANCE NORTHERN CEMENT CORPORATION Group 5 Bergonia‚ Noel A. Labiste‚ Janet T. Manarang‚ Shalla Marie C. Maestrecampo‚ Diana A. Miguel‚ Sherelyn A. Mora‚ Angelina G. Rance‚ Sarah Jane M. BSA H 3-2D PROF. GLORIA TOLENTINO-BAYSA PUP‚ CoA INTRODUCTION One of the important components in constructing a house is cement. It binds the materials to build houses
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altruistic measures? As it is the requirement and question in our topic. This report contains several parts. In the first part will be the brief introduction in Corporate Social Responsibility (CSR) and term of “GreenWashing”. The second heading will be explaining why companies engage and emphasis so much in Cooperate Social Responsibility (CSR). Followed by a brief discussion and in the last part some recommendations are given based on the analysis‚ followed by the conclusion of the report. References
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Birch (2002). Social‚ Economic and Environmental Capital. Corporate Citizenship in a New Economy. Deakin University‚ Melbourne J.M. Darley (2005). How Organizations Socialize Individuals into Evildoing In recent years‚ Corporate and Social Responsibility has become an ever increasing concern and source of community debate. It is now socially accepted that corporations have some ongoing responsibility‚ though sometimes ignored‚ to set a good example‚ make decisions based on social good and on
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analyse and discuss the debates on corporate social responsibility. Take a position on these debates and justify your point of view. Critically evaluate what the implications of your position would be for managers who are concerned about the impact of their organisation’s activities upon the environment. This assessment item is designed to allow you to demonstrate your capacity to understand and evaluate debates around the topic of corporate social responsibility and the implications of these debates
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