...emergence of innovative business social responsibility-practices. In view of the expanding and dynamic nature of contemporary business organizations, awareness of the impact of these institutions is reflecting on the environment in which they operate. This awareness has led to a definite conclusion on the roles of business organizations in the society and the growing demand for corporate social reward in terms of better social performance. For instance, the conflict in the Niger Delta area was aggravated by intense oil exploration activities in the area without adequate compensation from either the government or the oil multinational companies that reap profit from the area. The apparent neglect and marginalization of the people of the Niger-Delta has led to the call for compensation for their exploited wealth, the physical development of their environment and access to political power which made communal clashes, ethnic nationalism and movement for self determination to be prominent in the region and the phenomenon of oil pollution has only added to the already tense atmosphere in the Niger-Delta area. Today, business organizations are enjoined to pay attention to social issues and problems which are far removed from their central economic pursuit. The re-invigoration of the idea that business organization has social responsibility that goes beyond profit making to include helping to solve social and environmental problems - corporate social responsibility has provided fertile ground...
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...Corporate Social Responsibility Initiatives: A Case Study of Maruti Suzuki, Hyundai Motors & Toyota Shubham Jain, BBA (2014 - 2017), IITM Janakpuri / Guru Gobind Singh Indraprastha University, Dwarka Abstract Corporate social responsibility in simple words means, “giving back to the society from where an organisation operates its functions, employ resources and satisfy human wants by offering goods and services. In today’s time, business has emerged as one of the most powerful instituitions on the earth, earning profits will be of no use until and unless the customers associated with the organisations are not happy with the company’s perspective towards helping the society. Therefore, it calls for the need of corporate social responsibility....
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...CHAPTER ONE INTRODUCTION 1.0 INTRODUCTION The corporate world today embraced corporate social responsibility (CSR) into their daily business operation and become important matters to ensure the sustainability of the business. Therefore, CSR initiatives become a self-motivated for companies to benefits themselves while also benefiting others like protecting the environment, care for wellbeing of society and take a full responsibility for the entire world affected by their business operation. The reasons why companies actively engaged in CSR is because this action may assists to establish flawless and clear boundaries among the different interest of the stakeholders in the companies (Ángeles Gil Estallo, Giner de-la Fuente, & Gríful-Miquela, 2007). Besides that, todays companies make a good consideration into their decision to embedded social and environment matters was made investors realised that this approach can result in great opportunities in both financial and sustainable value creation (Louche, 2009). Furthermore, the researcher stated that by integrating CSR matters are significance for investor to make their investment analysis for potential companies in valuing the firm. Largely, international business increasingly aware about CSR initiative and take serious decisions about sustainability key issues due to shifting social expectation when companies facing corporate scandals and controversies that will eliminate public trust (Malaysia, 2013). Moreover,...
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...around a thousand permanently occupied islands. The population is constituted by some 200-300 ethnic groups each speaking their own language and dialects. The Indonesian national culture is multicultural and is anchored on the older societies and interethnic relations. The national culture was developed by those who fought the Dutch colonialists in the 21st century. During this period, there were cultural stresses that the colonialists like the Dutch, the Portuguese and others brought to the indigenous people. The national culture is built having its, historical roots, institutions, values, beliefs and customs that were shared by many of the indigenous people. It is still being improved in the 21st century making it undergo certain stresses. This paper seeks to analyze to what extent corporate interest can be held responsible for the disappearance of native cultures (Countries and Their Cultures , 2012). The extent to which corporate interest can be held responsible is a dilemma that needs to assess the risks and benefits to a community. The basic principle of universality, equality and non-discrimination entitles the indigenous people to full range of rights that constitute the international law. Office of the High Commissioner for Human Rights (OHCHR) reports state that specific collective rights of indigenous people need to be recognized. The collective rights comprise of the right to their lands, territories, resources, to maintain their cultures, to self-government, recognition...
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...reader would tend to assume that Shell is at fault and should take all the blame for this corporate and ecological mess. Therefore, the introduction needs to provide the reader with sufficient historical information and background of stakeholders such as Royal Dutch Shell Company, Nigeria (country), Niger Delta (province of Nigeria) and its directly affected tribal communities of the oil spill. The introduction is thorough as to avoid explaining in other key elements of this research paper. The Royal Dutch Shell was ranked No1 as the largest organisation in the world in 2012 by Global 500. Shell has boosted its first quarter earnings of 2012 by 11% compared to that of 2011. Shells long term projects that have just commenced creating; a gas to liquids plant in Qatar and further projects in Canadian oil sands, have in part contributed to these revenues. Royal Dutch Shell has 87000 employees globally (Global 500, 2012) The first Shell Company in Nigeria was started in 1936 by The Royal Dutch/Shell Group. The Royal Dutch/Shell Group then founded Shell D’Arcy. Two years later in November 1928, Shell D’Arcy was afforded an Exploration license to analyse and search Nigeria’s vast landscape for the possibility of oil. In January 1956, Shell D’Arcy successfully drilled the first oil well at Oloibiri. Several months later, on April 1956, Shell D’Arcy changed its name to Shell-BP Petroleum Development Company of Nigeria Limited. In February 1958, the first barrels of oil left the...
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...WHAT IS CORPORATE SOCIAL RESPONSIBILITY OR CSR? For long it was argued that the role of businesses was purely economical and that economics was the parameter on the basis of which their success or failure was to be determined. Corporations, since eons, have been regarded as the providers of jobs, products and services and it was believed that they are only financially responsible and profit making is their only motive. But recent times have seen a departure from that tradition and now CSR is being taken up in a broader societal context, mainly due to globalisation and the change in the ecological balance. They stakeholders i.e. the employees, community, suppliers and shareholders are redefining the role of the corporations. As a result of this particular kind of shift, many organisations have started endorsing the idea of businesses leaving the purely economic front and blending in some societal dimension as well. THE HISTORICAL PERSPECTIVE OF CSR: CSR is not a new concept. It has been there since always though not necessarily by this name. Various ancient scriptures mention that businesses should be run ethically and more importantly, they should benefit the deprived section of the society. It has always been said that those who are privileged must lend a helping hand to those who aren’t. Chanakya, the teacher and guardian of Chandragupta Maurya, in his book ‘Arthashastra’ emphasised that ethical means be used while operating businesses. It is often argued that the level...
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...6Critical Sociology http://crs.sagepub.com Corporate Social Responsibility: The Good, the Bad and the Ugly Subhabrata Bobby Banerjee Crit Sociol 2008; 34; 51 DOI: 10.1177/0896920507084623 The online version of this article can be found at: http://crs.sagepub.com/cgi/content/abstract/34/1/51 Published by: http://www.sagepublications.com Additional services and information for Critical Sociology can be found at: Email Alerts: http://crs.sagepub.com/cgi/alerts Subscriptions: http://crs.sagepub.com/subscriptions Reprints: http://www.sagepub.com/journalsReprints.nav Permissions: http://www.sagepub.com/journalsPermissions.nav Citations (this article cites 30 articles hosted on the SAGE Journals Online and HighWire Press platforms): http://crs.sagepub.com/cgi/content/refs/34/1/51 Downloaded from http://crs.sagepub.com at LA TROBE UNIVERSITY on April 21, 2008 © 2008 SAGE Publications. All rights reserved. Not for commercial use or unauthorized distribution. Critical Sociology 34(1) 51-79 http://crs.sagepub.com Corporate Social Responsibility: The Good, the Bad and the Ugly Subhabrata Bobby Banerjee University of Western Sydney, Australia Abstract In this article I critically analyze contemporary discourses of corporate social responsibility and related discourses of sustainability and corporate citizenship. I argue that despite their emancipatory rhetoric, discourses of corporate citizenship, social responsibility and sustainability are defined by narrow business...
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...Comm101 Principles of Responsible Commerce Topic: The Historical Development of Modern Business Enterprises Objectives for this lecture • Consider a brief historical account of the development of modern national and multinational business organisations. • Consider, in particular, the benefits and costs of two major characteristics of such organisations: increased size and separation of ownership and control. • Discuss some of the processes by which firms have tried to reduce the incidence of opportunistic behaviour by management. • Briefly consider a recent Australian example of a significant business management failure. 2 Why is knowledge of historical developments important? • Understanding historical developments helps us to: • Apply lessons from the past: are there commonalities between past and the present? • Understand the importance of path dependency, i.e. that some past decisions have had long term ramifications (e.g. convict settlement of Australia), and so current period decisions may also affect future generations (e.g. CO2 emissions). • Appreciate the inevitability of continual economic and social evolution, but understanding that we have some influence on how and when such changes should occur. • So a sound understanding of history brings empowerment to 3 the debate about current business practices. 1 Important historical developments • Pre about 1850, in industrialising UK, the typical business firm was: • Small scale, mostly catering to local demand...
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...CSR LEGISLATION: DISRUPTIVE CHANGES IN BUSINESS & IMPACT ON RESPONSIBLE BUSINESS Abstract A recent news article which appeared in The Hindu paints a grim picture about how income is skewed in favor of the 1% of the population who control as much as 50% of the wealth of our country [1] These figures at the bare minimum point to the social inequity that prevails in the economic situation of our country (seen from a different angle, a reminder that Corporate Responsibility among Indian Business Houses has not matured or their participation in alleviating poverty has been minimal vis a vis government spending), validating the fact once again that the CSR legislation as enacted in the parliament, is indeed justified if not absolutely necessary, under Indian context. This happened despite impressive gains made by private sector financially leveraging the reforms in the ensuing years. It would also be not be inappropriate to conclude that such government oversight like the CSR legislation was required post 1990 reforms, which allowed more private sector participation and the role of Government diminishing over a period of time especially in social sector, when compared to pre 1990s period [2]. Government’s role becomes important in the new paradigm, wherein it plays the role of enabler instead of chief actor, making the legislative interventions like the CSR act, to sectors from which it has vacated. This drives the Companies to view CSR as a strategic goal, to be achieved by effective...
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...expectations and assessment of the corporate social responsibility (CSR) of private banks, especially Dutch-Bangla Bank Ltd, Prime Bank, Unite Commercial Bank, Premier Bank, BRAC Bank are the largest private banks in Bangladesh. This study has been conducted among the stakeholders and beneficiaries of these private Bank Limited. An interview has been conducted using structured questionnaires to critically examine the subjective perceptions of the meaning, reasons and various aspects of CSR tasks of in Bangladesh. It has been found out that common people either do not have clear understanding about CSR activities or are not really concerned about the social responsibilities of the corporate organizations. The expected outcome of CSR activities, as has been stated in the memorandum and commitments of the corporate houses, has yet to be achieved. This study suggests that a more comprehensive and humane involvement of the common people in the CSR activities is required, which would not only fulfill the intended goals and objectives of the private banks but also ensure a successful and sustainable development of the society. Keywords: Corporate Social Responsibility, Stakeholders, Bangladesh, Performance, Brand Loyalty, Development, Challenges. 1.0 Introduction Corporate organizations are playing an important role in social development through sharing their profit for many benevolent and philanthropic activities under the rubric of Corporate...
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... | | | | Abstract Contained within are various aspects and strategies pertaining to ethics in business and the various roles and responsibilities key individuals involved must initiate to ensure that the assignment, task or project is accomplished not only within the determined timeframe and budgetary constraints but more important, the actions and interactions of all parties are not compromised nor violate any prescribed regulations. Furthermore, discussion is rendered pertaining to social responsibility within the business sector and its significance in determining growth and awareness of one’s business or company. Social Responsibility and Business Ethics Introduction In today’s society, people are constantly in a mad race to either develop and implement the next product or service that becomes the flagship item that everybody seeks possess or become that individual who possesses the latest technological advancements or branded items assisting in their daily ebb and flow operations. Such responsibilities - objectives and tasks - must be accomplished in a respectable manner whereupon the integrity of the action is not subjected to intense scrutiny, criticism or penalties inflicted by the...
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...The prohibition of theft, self-interest at the cost of others, and malice in these religious sources have a direct application the world of business. The history of business ethics has evolved during the long course of time and is still in this phase of development. The application of business ethics varies in different context. There have been radical changes in the world of business which has evolved the business ethics to its current form. And with continuously changing business world we can presume that in the future business ethics will undergo more changes. It will evolve continuously. The business ethics has an immense scope touching every human living in the society. The affects the daily decision making in the society, irrespective of whether it is a big decision affecting large masses or small decision affecting just one person. Business ethics can be looked at by different perspectives. One perspective is that of organization point of view which concerns about the things that an organization should do. While the other perspective is the things that must really be done irrespective of an organization. The latter one gauges the different aspects of an organization. The literary evidence for the history and development of modern era business ethics can be traced back to 1930s. The first managerial text book on business ethics was written by Frank Chapman Sharp and Phillip D. Fox in 1937 and the title of the book was “Business Ethics”. This book is the proof that many...
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...stand as one of the richest and most profitable companies in the Philippines ➢ Country's most recognized corporate brand. ➢ Having 30000 employees in 90 major facilities in the Philippines and overseas. CHINA, Southeast Asia, Australia. ➢ SMC is the countries largest food,beverages, and packaging company. ➢ Affiliates Brands Includes: Magnolia, Anchor, Coca-cola, Ginebra San Miguel, Purefoods and Monterey. COMPANY FAILURE: ➢ The company was tottering under a P47.1 billion on debt, high fixed cost and weighted down by large-scale expansion projects in China. Its three breweries in the said country were operating way below capacity. To get much needed cash infusion, Cojuangco sold off SMC's 45 percent stake to Nestle Philippines. PRODUCTS: ➢ Produces close to 300 products includes: • B-meg • Wilkins • Viva • Coca-cola • Eight O'clock ➢ SMC 3 CORE OF BUSINESS • Beverages- "beer, hard liquor, soft drinks, bottled water and fruit juices. • Food &Agri business-"chicken, feeds, pork and beef" Process meats, dairy, oils & fats. • Packaging- " glass, metal, plastic paper products, flexible pouches & laminates. B. Strategic Posture: MISSION: ➢ San Miguel Foundation, Inc. is committed to the empowerment of San Miguel host communities and various stakeholders by harnessing corporate social responsibility among the various. San Miguel business is pursuing mutually...
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...Ethics and Corporate Governance: Corporate Social Responsibility Contents Introduction 2 Definition of Ethics 2 Definition of Corporate Social Responsibility (CSR) 2 History of Ethics 2 Socrates 2 Plato 2 Aristotle 2 Cynics 2 Cyrenaics 2 Business Ethics 2 Nike 2 McDonalds 2 Enron 2 Wal-Mart 2 Why Business Ethics is Necessary 2 Conclusion 2 Bibliography 2 Introduction This assignment is a brief over view of ethics in the modern day era. It begins with a definition of ethics, followed by a concise explanation of corporate social responsibility. Ethics has evolved over a number of decades and still is to this day, with that a short history of ethics will be demonstrated in this assignment. Ethics determines whether or not a company has good or bad morale. Unfortunately a company that holds excellent ethics are not highlighted in the media as a company that has bad ethics. In this essay will illustrate examples of how large national and international companies came to have bad ethics. To conclude this assignment will be a brief outlay of why ethics is necessary to the business environment in this day and age. Definition of Ethics Ethics can be defined at vital concepts and essential principles of moral human conduct. It consists of the study of universal ethics such as the essential parity of all men and women, natural or human rights, compliance to the law of land, concern for health and safety and, progressively more, for the natural environment...
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...the goal is to explain and better understand “business ethics” in today’s world. Milton Friedman “A corporation is an artificial person and in this sense may have artificial responsibilities, but ‘business’ as a whole cannot be said to have responsibilities, even in this vague sense.” (Friedman, 1970). M. Friedman believes that only the individual has social responsibilities. Business as an artificial entity cannot have “social conscience” and think of ethics before its interests or profits. According to Friedman, the primary responsibility of a businessman is to make happy the business owner with profits, and the primary task for the business owner is to make sure there are enough profits to: a. Sustain the business b. Have a stable growth c. Have the ability and means to compete on the market d. Keep happy the parties involved: customers, stockholders and investors. (Friedman, 1970). Furthermore, Friedman discusses the relationship between “social responsibilities of a business” and “socialism” and stresses the idea that if a business or a large corporation is forced to perform its “social responsibility”, example donate a large amount of money to social programs or local schools, business acts irresponsibly towards its: a. Customers, because the cost of its “social responsibility” will be imposed as a tax on them and it will increase the final price of the product or provided services. b. Stockholders. The only reason stockholders elect a CEO is to secure...
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