(855) 4-ESSAYS

Type a new keyword(s) and press Enter to search

Corporate Social Responsibility

 

(Labatt).
             Companies are beginning to notice the benefits of corporate social responsibility. "A 2001 Hill & Knowlton/Harris Interactive poll showed that 79 percent of Americans take corporate citizenship into account when deciding whether to buy a particular company's product."" (BSR) This shows just how important it is for companies to be concerned about how society views their company. If society learns about a scandal within the company, they will lose trust in the company and might purchase a competitors product. An example would be Bridgestone tires, which gave out faulty tires and now are trying to reestablish their image in the tire industry. However if they keep high standards in social responsibility they will gain loyalty with their customers. In a study, statisticians found that, "corporate social responsibility accounts for over twenty-five percent of image and reputation impact on customer satisfaction."" (CSREurope) .
             Executives and CEO's have been affected by this trend of corporate social responsibility. An overwhelming percentage of company executives believe that the development of a corporate social responsibility plan will be able to increase business benefits. "71 percent of CEO's would sacrifice short-term profitability in exchange for long-term shareholder value when implementing a sustainability program."" (CRSEurope) This figure shows how implementing corporate social responsibility will also benefit the shareholders, because the CEO's are willing to act in the shareholders best interest. .
             A heavily debated issue is if there really is a relationship between corporate social responsibility and a company's financial performance. While the majority of these studies, 68 percent, have suggested that there is, there are some people who disagree. Here are a few items which help support the idea of a relationship between the two. A recent analyses performed by DePaul University found that companies found in the Business Ethics Best Citizen performed ten percentile points higher than the mean ranking of the rest of the companies in the S & P 500 Index.


Essays Related to Corporate Social Responsibility

1. Corporate Social Responsibility

Example of such kind of an activity is the company's participation in Corporate Social Responsibility. In this paper a clear and precise definition of Corporate Social Responsibility has been presented. ... Those kind of activities are what are collectively referred to as Social Corporate Responsibility. This paper is going to address Corporate Social Responsibility in depth including its meaning, the arguments against and towards CSR and an example of a company working towards SCR. 2.0 Corporate Social Responsibility Corporate social responsibility refers to business activities which ...

  • Word Count: 2191
  • Approx Pages: 9
  • Has Bibliography
  • Grade Level: Undergraduate

2. Enterprises and Corporate Social Responsibilities

Consequently, entrepreneurial activity has always borne a pronounced responsibility for social development and Corporate Social Responsibility provides an intelligent way to combine economically viable development, social responsibility and conservation of natural resources1 There is no universally acceptable definition for CSR since there are many elaborated variants nevertheless, it can be described in several ways and some of the concepts I found more accurate are the followings: "What companies have embrace in order to achieve competitiveness while addressing societal issues and cost...

  • Word Count: 2852
  • Approx Pages: 11
  • Has Bibliography
  • Grade Level: Undergraduate

3. Doing good socially for businesses

"Doing Well by Doing Good-: Models of Corporate Social Responsibility The corporate scandals of the past years have raised many questions about businesses and their public interests. To answer these questions the field of corporate social responsibility has grown to great lengths and is now an everyday word in the business world. Corporate social responsibility (CSR) is also known as: business ethics, corporate citizenship, corporate accountability, and sustainability (Overview of Corporate Social Responsibility, 1) Business for Social Responsibility defines corporate social responsibi...

  • Word Count: 3324
  • Approx Pages: 13
  • Has Bibliography
  • Grade Level: Undergraduate

4. Theories of Corporate Social Responsibility

Introduction The arena of corporate social responsibility displays to have become more important around the world today. ... What is Corporate Social Responsibility (CSR?) ... The concept of corporate social responsibility has been growing remarkably in today's business world. ... Growing Importance of CSR The importance of corporate social responsibility is excessive in today's business and social areas. ... Approaches of Corporate Social Responsibility According to Kramer and porter (2006), corporations have four issues to be engaged in corporate social responsibility. ...

  • Word Count: 1487
  • Approx Pages: 6
  • Has Bibliography
  • Grade Level: Undergraduate

5. Starbucks and Corporate Social Responsibility

In a nation where corporate social responsibility is becoming the expectation of consumers, Starbucks is striving to enact its own CSR, or Corporate Social Responsibility, guidelines for bettering stakeholders in its communities (Starbucks, 2013). ... The company has a long, documented history of social responsibility; Starbucks published its first Corporate Social Responsibility Annual Report in 2002 (Reis, 2009). ... Starbucks has created its own policy for corporate social responsibility, and it entails many aspects of caring for stakeholders. ... Corporate Social Responsibility is a conce...

  • Word Count: 2434
  • Approx Pages: 10
  • Has Bibliography
  • Grade Level: Undergraduate

6. Corporate Responsibility

The problem that arises from using corporate social responsibility is that it promotes policies that are directly welfare reducing. Applying principles of corporate responsibility raises costs and prices. ... There is too much focus on social responsibility. ... The book brings out several key issues about the disadvantages of social responsibility. ... For example the cigarette industry was extremely effected by social responsibility. ...

  • Word Count: 349
  • Approx Pages: 1
  • Grade Level: Undergraduate

7. Corporate social responsibility

Corporate social responsibility is measured upon the reflection of a firm's awareness of the social and ethical issues that affect their communities. ... (Carroll p.39) If all four of these areas are accounted for in a firm, then that organization has total corporate social responsibility. ... In the article, "An Overview of Corporate Social Responsibility", on the Business for Social Responsibility website (www.bsr.org) we explore some benefits to the adoption of CSR by companies. ... (www.bsr.org) Corporate social responsibility has become more important then ever before. ... Chiquit...

  • Word Count: 1594
  • Approx Pages: 6
  • Grade Level: Undergraduate

8. Social Responsibility

The problem that arises from using corporate social responsibility is that it promotes policies that are directly welfare reducing. Applying principles of corporate responsibility raises costs and prices. ... There is too much focus on social responsibility. ... The book brings out several key issues about the disadvantages of social responsibility. ... For example the cigarette industry was extremely effected by social responsibility. ...

  • Word Count: 349
  • Approx Pages: 1
  • Grade Level: Undergraduate

9. Corporate Social Responsibility Programs

This paper will analyze two voluntary Corporate Social Responsibility programs, the first program being Responsible Care ®, and the second being International Organization for Standardization14001. ... Cashore in their article, "The new corporate social responsibility, " as well as through the work of J. ... Coglianese in "Voluntary Environmental Programs: Assessing their Effectiveness. " Furthermore, this paper will be compare and contrast both of these voluntary CSR programs, concluding if Corporate Social Responsibility programs have a marginal or significant impact on society and the ...

  • Word Count: 1574
  • Approx Pages: 6
  • Has Bibliography
  • Grade Level: Undergraduate