...Vladimir Putin said “We need business to understand its social responsibility, that the main task and objective for a business is not to generate extra income and to become rich and transfer the money abroad, but to look and evaluate what a businessman has done for the country, for the people, on whose account he or she has become so rich.” Corporate Social Responsibility is a set of policies and functions whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and international norms. It is a model in which economic, social, and environmental responsibilities are satisfied simultaneously. Companies these days are issuing corporate social responsibility reports that detail their environment, labor, and corporate giving practices. Also some firms have employed a position of director of corporate social responsibility. Although many firms are endorsing a culture of ethics and social responsibility, some believe that it is being done was a public relations campaign. One of the most common ways to approach CSR is corporate philanthropy. This includes monetary donations and aid given to nonprofit organizations and communities. Donations are made in areas such as the arts, education, housing, health, social welfare and the environment, among others. Owner of Headbands of Hope, Jessica Ekstrom sells made-in-the-U.S. headbands and donates a dollar of each sale to childhood cancer research through the St. Baldrick's Foundation...
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...BUSINESS AND SOCIAL ENVIRONMENT “CORPORATE SOCIAL RESPONSIBILTY” A Written Reaction By Jay-Ar C. Dimaculangan In business, we should bear in mind that we have lot of responsibilities to perform not just only with our specific tasks in the organization where we belong but with the community and society where our organization belongs. A company whether profit or non-profit in its form should give back whatever it can contribute for the development and betterment of its society. For me that is what Corporate Social Responsibility is all about. As reported, corporate social responsibility encompasses human rights responsibility, financial responsibility, political responsibility, and environmental responsibility. Like for example, a business has the responsibility to treat employees fairly and with respect, operate with integrity and in an ethical manner in all its business dealings with its stakeholders like customer, suppliers, lenders, general public, and other affected by its operation. It has also the responsibility to sustain the environment for future generations and be a responsible neighbour or member of the community. Having said these, we can see that corporate social responsibility are of growing importance to government and community as they promise to meet challenges of social problems within the changing welfare environments. The government today although given different issues like for example CSR is only a window dressing of the government for their...
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... WHAT IS CSR? Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple-Bottom-Line- Approach”), while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction between CSR, which can be a strategic business management concept, and charity, sponsorships or philanthropy. Even though the latter can also make a valuable contribution to poverty reduction, will directly enhance the reputation of a company and strengthen its brand, the concept of CSR clearly goes beyond that. Key CSR issues: environmental management, eco-efficiency, responsible sourcing, stakeholder engagement, labor standards and working conditions, employee and community relations, social equity, gender balance, human rights, good governance, and anti-corruption measures. A properly implemented CSR concept can bring along a variety of competitive advantages, such as enhanced access to capital and markets, increased sales and profits, operational cost savings, improved productivity and quality, efficient human resource base, improved brand image and reputation, enhanced customer loyalty, better decision making and risk management processes. ORIGIN OF CSR CONCEPT In...
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...Business and Corporate Social Responsibility Research Paper Bussines and Corporate Social Responsibility 1.0 Introduction: Corporate Social Responsibility means the way in which business firms integrate environmental, economic and social concerns into their culture, values, strategy, decision making and operations in an accountable and transparent manner and, therefore, leading to better creation of wealth, an improved society and better practices in the business organization. Activists, the media and governments all over the world have become adept by holding their organizations or enterprises to account for the social impacts of their actions. It is in this response that the use of Corporate Social Responsibility (CSR) has emerged to be one of the inescapable top priorities for various business leaders or managers all over the globe. However, the fact remains that many current approaches to Corporate Social Responsibility are quite disconnected from the initial strategy of various companies or firms using it. In order for business enterprises to contribute significantly towards their key competencies, then they should treat Corporate Social Responsibility as something that is central and vital towards their business strategy. The aim of this research paper is, therefore, to explain the importance of Corporate Social Responsibility in business organizations and ascertain how various organizations apply it to achieve various objectives of their business firms (Banerjee,...
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...Corporate Social Responsibility and Accounting - A Literature Review Master thesis in Financial Accounting Fall semester 2012 Supervisor: Kristina Jonäll Author: Ulla-Christel Götherström Abstract Master Thesis in Financial Accounting, School of Business, Economics and Law, University of Gothenburg, fall semester 2012 Author: Ulla-Christel Götherström Supervisor: Kristina Jonäll Title: Corporate Social Responsibility and Accounting - A literature review. Background and problem: Corporate Social Responsibility (CSR) is an area which has gained much attention the last 10-15 years. To satisfy various stakeholders, corporate social responsibility has increased its importance and often constitutes a substantial part of the firms´ financial reports, in spite of the fact that there are no legal requirements. However, to perform strategic CSR-reporting has become more or less compulsory for firms. The research question is: What research has been performed in the area of corporate social responsibility and accounting? Aim: The aim is to provide a structured overview of the literature in the area of corporate social responsibility and accounting regarding the years 2002-2012. The overview will provide a basis for future research and constitute a framework for focused research question. Delimitation: The focus of this study is on research published in scientific journals from 2002 until 2012. Method: A literature review was performed including peer-reviewed papers...
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...ASOCIO Policy Paper CORPORATE SOCIAL RESPONSIBILITY Date: June 2004 Table of Contents 1 CORPORATE SOCIAL RESPONSIBILITY ........................................................... 2 1.1 What is corporate social responsibility? ........................................................ 2 1.2 Asia Pacific Perspective ................................................................................ 2 1.3 Corporate Social Responsibility: Unlocking the value................................... 3 1.4 World Economic Forum & CSR ..................................................................... 3 1.5 Case Studies ................................................................................................. 4 1.6 Should ASOCIO have a role? ....................................................................... 5 CORPORATE SOCIAL RESPONSIBILITY ASOCIO Policy Paper June 2004 1 CORPORATE SOCIAL RESPONSIBILITY Corporate Social Responsibility (CSR) is becoming an increasingly important activity to businesses nationally and internationally. As globalisation accelerates and large corporations serve as global providers, these corporations have progressively recognised the benefits of providing CSR programs in their various locations. CSR activities are now being undertaken throughout the globe. 1.1 What is corporate social responsibility? The term is often used interchangeably for other terms such as Corporate Citizenship and is also linked to the concept of Triple...
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...No. 04-2003 ICCSR Research Paper Series - ISSN 1479-5124 Corporate Citizenship: Towards an extended theoretical conceptualization Dirk Matten & Andrew Crane Research Paper Series International Centre for Corporate Social Responsibility ISSN 1479-5124 Editor: Dirk Matten International Centre for Corporate Social Responsibility Nottingham University Business School Nottingham University Jubilee Campus Wollaton Road Nottingham NG8 1BB United Kingdom Phone +44 (0)115 95 15261 Fax +44 (0)115 84 66667 Email dirk.matten@nottingham.ac.uk www.nottingham.ac.uk/business/ICCSR Corporate Citizenship: Towards an extended theoretical conceptualization Dirk Matten & Andrew Crane Abstract Corporate citizenship (CC) has emerged as a prominent term in the management literature dealing with the social role of business. This paper critically examines the content of contemporary understandings of CC and locates them within the extant body of research dealing with business-society relations. Two conventional views of CC are catalogued – a limited view which largely equates CC with strategic philanthropy and an equivalent view which primarily conflates CC with CSR. Significant limits and redundancies are subsequently identified in these views, and the need for an extended theoretical conceptualization is highlighted. The main purpose of the paper is thus to realize a theoretically informed definition of CC that is descriptively robust and conceptually distinct from existing concepts in...
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...An Empowerment Partnership for POSDAYA; Supporting Family Empowerment Program through Corporate Social Responsibility A case of CSR Partnership Program of PT Adaro Indonesia and POSDAYA in South Kalimantan Dr Laila Refiana Said Indonesian National Council on Social Welfare Universitas Lambung Mangkurat Abstract In recent years, social responsibility of corporations has become a major issue. As a result, the mining companies in Indonesia have come under increasing pressure by NGOs and communities. In response to the pressure, mining companies in Indonesia have carried out corporate social responsibility (CSR) programs, especially when the companies are subsidiaries of global mining companies that utilize CSR as part of their global business strategy. The companies recognize that there is a responsibility to give back to the local communities to ensure the development of a better life in the surrounding mining areas. This paper brings a family empowerment perspective to many of the issues covered in the CSR programs. One of the strategies emphasizes a good relationship with local communities through community development as PT Adaro Indonesia made through its free cataract surgery programs for residents in South Kalimantan together with Badan Koordinasi Kegiatan Kesejahteraan Sosial (Coordinating Agency of Social Welfare Activities). This paper examines the combined effectiveness of PT Adaro Indonesia’s CSR program with the family empowerment program of POSDAYA (Pos...
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...Literature Review Kavitha W * and Anita P ** Corporate Social Responsibility (CSR) is now prominent and evident more than ever due to the emphasis laid on businesses regarding environmental, social and ethical issues. The level of CSR activities of the firms is made known to public only through the disclosures. This paper reviews the literature on CSR disclosures and the effect of these disclosures. There are various factors which determine the extent of disclosures like the size of the firm, industry, high visibility, etc. Introduction Corporate Social Responsibility (CSR) is now prominent and evident more than ever due to the emphasis laid on businesses regarding environmental, social and ethical issues. This is because over the recent years, there have been social, political and economic pressures on corporate management to pay attention on social and environmental consequences of corporate activities. These pressures motivated the corporate management to actively participate in a wide range of social welfare activities. CSR now-a-days covers almost all issues like the use of child labor; inequality of employment; environmental impact; involvement in local community; products’ safety; company cultures; brand image and reputation. Apart from this, companies are now disclosing these activities in their annual reports, and one of the parameters to judge the performance of a company is CSR reporting. Corporate Social Responsibility CSR is defined by Naylor (1999)...
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...Paper Title A study on Corporate Social Responsibility activities by Bangalore-based Urban Cooperative Banks – Initiatives and Opportunities. Authors Dr. PR Ramakrishnan, Faculty, Rajalakshmi School of Business, Kuthambakkam Post,Chennai 600124. Email: ramakrishnan77@yahoo.com. Phone: +91-9444298316. Prashanth Rao, Assistant Professor, Acharya Institute of Graduate Studies, Bangalore - 560107. Email: prashsubbarao@yahoo.com. Phone: +91-9481078821. ABSTRACT Corporate Social Responsibility (CSR) is defined as “”. It is an act of returning a portion of profits back to the society. This is a perfect resource give-and-take activity, a win-win situation for both corporates and the society. A few CSR initiated by big industrial houses are promoting...
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...APA Style Manual • Publication Manual of the American Psychological Association (6th edition) • General format for the paper • How to reference sources in the text • How to prepare the reference list • Examples o 808.02 P97p 2010 Sources are shown in two locations: • In the text • In the reference list • Every source must appear in both places (except personal communications) What do you need to cite in the text of your paper? • Any information you use that is not known to the general population • A direct quote • Information paraphrased from a sources • Information you got through personal communication In-Text Citations • Use author’s last name and date of publication in parentheses or in text o A recent study of international business managers’ approaches to corporate social responsibility (Harris & Brown, 2005) indicated… o Harris & Brown’s study of corporate social responsibility policies among international business enterprises (2005) indicated that managers… • No author? Use first words from title o A more recent analysis of company policies that deal with corporate responsibility in developing nations (“Good Citizenship,” 2007) revealed… Exact Quotations • Include page number(s) for quotations o According to Harris and Brown (2005) “companies engaged in multinational manufacturing must actively pursue environmental stewardship, sustainability, and risk management” (p. 103) • Set long quotations (40 words) apart from text by indenting...
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...Integrating Corporate Social Responsibility with Competitive Strategy 2001 Winner "Best MBA Paper in Corporate Citizenship" The Center for Corporate Citizenship at Boston College by Dan O'Brien J. Mack Robinson College of Business Georgia State University 2 This paper is the winner of the 2001 "Best MBA Paper in Corporate Citizenship" competition, sponsored by The Center for Corporate Citizenship at Boston College. The Center annually sponsors this competition as part of an initiative to support and encourage research in the area of corporate social responsibility among MBA students and faculty in North America. The award is offered for the best paper on corporate citizenship by an MBA student. The contest is open to full or part-time MBA students enrolled in an accredited institution of higher learning in North America. For his winning paper, the author received a $5,000 award and the opportunity to present it at the 2001 Academy of Management conference, the major convention of leading business management faculty. His faculty sponsor, Shaker Zahra, a professor in Georgia State University's Department of Management, received a $1,000 honorarium. The MBA Competition is sponsored by corporations with the hope of increasing awareness and interest about corporate social responsibility amongst the next generation of CEOs and business leaders. The corporations supporting this project are sending a message to the next generation of CEOs that research and knowledge...
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...FOR INTERNATIONAL PAPER Case One: International Paper Lisa Pallock MKT 2300 September 20, 2014 1. Give some examples of how International Paper defies the common social criticisms of marketing as discussed in class. In the literature, no prices or packaging information was provided. International Paper defies common social criticisms of marketing regarding commercial noise. They do not practice aggressive advertising considering a large part of the population has yet to hear of this socially responsible organization. Also, International Paper does not experience an unnatural state due to false wants and too much materialism. They achieve this by keeping society’s welfare very close in their decision making. 2. Analyze International Paper according to the Pyramid of Corporate Social Responsibility. The first level of the pyramid is the economic level and states be profitable. International Paper has certainly met this requirement selling $25 billion last year, placing itself in the 105 slot on the Fortune 500 list. The second level is legal responsibilities and is focused on obeying the law. This company takes many steps to aid the environment, including cutting hazardous waste 8% in a two-year period, keeping it well in line with EPA restrictions (Case Analysis, 2012). Next, be ethical. David Struhs, vice president of Environment, Health and Safety said International Paper has been routinely sharing environmental, economical, and social performance with...
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...Michigan State University Material – GBL295 BY HARILAOS I. SOROVIGAS, MBA, JD CORPORATE SOCIAL RESPONSIBILITY PAPER Paper Overview This is an assignment that requires Learning Team (Group) effort for its completion. Each Learning Team is required to select two (2) companies/organizations and read their Corporate Social Responsibility / Sustainability / Citizenship Report to complete the CORPORATE SOCIAL RESPONSIBILITY PAPER. The CORPORATE SOCIAL RESPONSIBILITY PAPER is an assignment that analyzes and evaluates the selected reports, and explains its relevance to our course study by drafting report reviews through the development of a 3,200 to 4,000-word paper (approx. 8 to 10 pages). The general purpose of the assignment is to familiarize you with published corporate responsibility statements and provide you with an opportunity to assess their veracity and usefulness. Successful papers will include a complete analysis of the reports by meeting the requirements provided below and will demonstrate (1) familiarity with the relevant course topic(s), (2) personal reflection about the quality of the reports, and (3) college-level writing ability. The paper will include a minimum of five (5) sources and is due by the date indicated in the course syllabus during week fourteen. ASSIGNMENT REQUIREMENTS Audience and Style A. Assume that you are writing to a reasonably intelligent college student who is in your GBL class or is ready to study business law. B. Use plain...
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...Analysis on triple bottom line and systems theory Corporate social responsibility is one of great debate for many years. Nobel prize-winning economist Milton Friedman believes the corporate responsibility a business has is to its shareholders making a profit, while Michael E. Porter and Mark R. Kramer believes businesses and society are interwoven (Newton, 2012). The purpose of this analysis is to analyze the ways in which systems theory and triple bottom line theory support or negate each other. First, the analysis will analyze CSR. Second, it will analyze how systems theory and triple bottom line theory support each other. Third, the analysis will analyze how systems theory and triple bottom line theory negate each other. Some companies believe corporate social responsibility builds good reputation and customer loyalty. Years ago corporate social responsibility was just about making a profit and providing employment. Today corporate social responsibility is more than just the bottom line. It is being involved in the community and being a benefit to society. Corporate social responsibility is the obligations of a business to society. Two types of corporate social responsibility theories are triple bottom line and systems theory. According to Savitz and Weber (2006), triple bottom line captures sustainability by measuring the impact of an organization’s activities on the world; this includes social, environmental, and financial performance (people, profit, and planet)...
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