...Methodology Assignment THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY (CSR) TO COMPANY’S VALUE IN PROPERTY AND REAL ESTATE COMPANY LISTED IN INDONESIA STOCK EXCHANGE Angga Arifiawan Sudibyo 041211332113 Accounting Department Faculty of Economic and Business Airlangga University Surabaya 2014 PART 1 INTRODUCTION 1.1 Research Background In recent years, the demand of property is increasing significantly, especially in big cities like Jakarta and Surabaya. This massive amount of demand is a chance for companies in real estate industry to earn big profit. Some big players in these industries are already listed in Indonesia Stock Exchange, they compete each other, develop and expand their business insanely to be going concern...
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...The World Business Council for Sustainable Development (WBCSD) has identified alarming levels of growth in urbanization and consumption in a new report, and describes the crucial role of business in the transition to sustainability. According to the report, "Business and Development: Challenges and Opportunities in a Rapidly Changing World," published this month by WBCSD, "the world is experiencing a historic shift of economic and political power from the traditional base of industrialized countries to the emerging economies." As the report points out, by 2050, three of the four largest economies -- China, India, and Brazil -- will be those of countries now described as developing. As development in those and other countries intensifies, their populations will become increasingly urban. By 2050, when the world's population is expected to be about 9 billion, 70 percent of the world's population will live in urban environments, with the great majority living in cities in developing countries. "Urbanization is happening fast," the report observes, "And most of it is being poorly managed, putting hundreds of millions of the urban poor in harm's way." As the economic emergence of developing countries continues, global consumption patterns will become increasingly critical. "Global consumption patterns and trends are putting unsustainable and increasing stress on the Earth's ecosystems, the supply of material resources needed for industrial growth, and human social systems...
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...This study entails detailed analysis of energy efficient measures adopted by a large IT firm(s) in India and identifies the significance of corporate social responsibility (CSR) in leading the nation to sustainable development. The fundamentals of CSR rest on the fact that not only public policy but even corporates should be responsible enough to address social issues especially in developing countries like India where Information Communication Technology (ICT) forms the backbone for country’s GDP & importantly most of the countrymen’s role models are corporate leader. It’s worth highlighting that buildings share a huge portion of any corporate infrastructure globally as well as in India. And in Indian context it matters a lot as real-estate is such a hot commodity, forget not at this juncture that India’s infrastructure development happened along side growth in IT sector. Many CSR policies are now initiating energy efficient building design and operation for employee’s well-being, environmental harmony over the moral obligation to pay back the mother earth by adopting sustainable practices. The benefits of such measures include cost savings, increased productivity, employee attraction and retention as well as earned media. CSR is not a new concept in India but with current day context they have taken a new centre stage in sharing & shaping country’s contribution to adopt & mitigate climate change. Ever since their inception, corporates like the Tata Group, the Aditya...
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...this, the management of NGI is considering several means of increasing the shareholders value. Due to difficult economic conditions resulting from the Global Economic Crisis, there are both many opportunities as well as many risks to the alternatives that NGI’s management is considering. This paper will provide both the opportunity to use different valuation methods that will determine the value of the assets of NGI, as well as a discussion of different possible alternatives to increase shareholder value. Furthermore alternative solutions for NGI’s problem will be provided. NGI needs to elaborate by starting an active acquisition strategy or re-organizing its corporate structure with either an updated capital structure or converting to a real estate income trust. The last part of this paper will conclude with several remarks and recommendations for the Chief Financial Officer of Northampton Group Inc., Mr. Patel. These final analyses will undertake in maximizing NGI’s shareholder value. Corporate Mission Northampton’s goal is to be recognized as the best mid-market hotel owner and operator in Canada by delivering professional and personalized service, maintain an engaged staff employing effective operating systems, build, acquire, and continually improve an exceptional portfolio of hotel assets and provide...
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...JAPANESE MANAGEMENT Key practices commonly associated with Japanese management techniques include: * in-house training of managers * consensual and decentralized decision-making * extensive use of quality control methods * carefully codified work standards * emphasis on creating harmonious relations among workers * lifetime employment and seniority-based compensation Japanese management philosophy and techniques Nihonteki Keiei, or Japanese-style management, has become a popular phrase in the west. It refers to what people see as substantially different between Japanese management techniques and those widely practiced in the other countries. The differences often cited are: lifetime employment, job rotation, based seniority wage and promotion system, Ringi and consensus decision-making, just in time, quality circles, kaizen, and the suggestion system. Most of these techniques have become well known across the world. However, a successful implementation by western firms requires a critical understanding of their basic principles and operations, while some of the elements need to be critically assessed in the light of the structural problems of the Japanese economy since 1989. Lifetime employment (shushinkoyo) the main objective of offering lifetime employment or a job for life is to provide workers with a sense of security and identity. Once recruited, lifetime employees become members of the corporate family, which will have to take care of them for...
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...France: A close relationship with CSR More than a legal problem, we have a lexical one. Corporate Social Responsibility is a generic word used all over the world, but as to use carefully in France because of Social. In a country where people are proud to have the best social system, we have to understand what is related to social and how to talk about it when it is linked to mores. France has adopted many legal frameworks and many companies have joined the United Nation Global Compact that makes France, one of the largest network. Moreover, CSR is related to history in France with the Human Right constitution. Nowadays, CSR is a key issue that has to be taking into consideration in a domestic that will impact an international scale. For France, CSR is not only related to ethnic issues bus can also have a good and a bad impact in social issues, economic in France and overseas and in the environment. France is perceived as one of the leader in CSR, more than 47% of French companies have an exemplary CSR management and system while only 40% in the OCDE and 15% in the BRICS. But France has a problem with the integration of ethical issues regarding risk management, recent conviction or rules policy. (Ecovadis, 2015). This good performance is linked to a good structured in their CSR approach that covers several aspects from the global key issues that has to be covered, but also through a good communication of the diverse actions and a constant innovation in the process to improve...
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...of Kerala in India. Tata Tea had sold off 17 tea estates in southern India to the company formed by its employees named Kanan Devan Hills Plantation Company Pvt. Ltd.(KDHPCL). In sharp contrast to the situation in the tea industry experiencing closures affecting thousands of employees, KDHPCL with 13,000 employees could not only recover within a year the loss of $ 24 million run up by Tata Tea, but could also register a post tax surplus of $ 50,000 as on March 31st 2006. However, when Tata Tea went onto implement a similar model in the North Indian Plantation Operations, it met with considerable resistance. The article discusses about the crisis that was facing the tea industry in India, the role played by Tatas in the formation of the KDHPCL and the challenges faced by the employees of South Indian Plantation Operations in accomplishing this unique business model. It also critically reviews the factors that are essential for the success of Employee Buy Out, by enumerating the factors that led to the success of EBO in southern operation of Tatas and its failure in their northern operations. INTRODUCTION In February 2007, Tata Tea, an INR 3500 crore beverages company, decided to divest a major portion of its shares in its North Indian Plantation Operation (NIPO) to a group of investors and its own employee co-operatives. To be called as Amalgamated Plantations Pvt. Ltd. (APPL), it would cover a vast portion of tea estates of 24,000 hectares in Assam and West Bengal. Retaining...
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...CSR CASE STUDIES Abbott Laboratories Abbott Laboratories is a global healthcare company with more than 70,000 employees worldwide and operations in over 130 countries. The Chicago-based company develops and produces nutritional products, laboratory diagnostics, medical devices and pharmaceutical therapies. Its vision and mission focus on improving people's lives by providing cost effective healthcare products and services. Abbott Pakistan started operations as a marketing affiliate of Abbott Laboratories in 1948. Today, it has 1,346 employees and two manufacturing facilities at Landhi and Korangi in Karachi. Continuous innovation, research and development at Abbott's worldwide facilities enable Abbott Pakistan to offer products and services focused on improving healthcare in line with the changing needs of its customers. The company is also working on implementing its global CSR standards in Pakistan, and actively supports and participates in disaster relief efforts and activities. “We view our commitment to global citizenship not only as a business responsibility, but also as an opportunity to improve lives around us. Caring is one of our core values and is all about making a difference in people’s lives. We have contributed to improving lives for more than 50 years, while strengthening the company and its communities for future generations,” says Asif Jooma, Managing Director at Abbott Pakistan. Atlas Honda Atlas Honda Limited (AHL) is the leading manufacturer of motorcycles...
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.......................................................... 1 Executive Summary...................................................................................................................2 1 Company Analysis.................................................................................................................. 3 1.1 The Company...................................................................................................................3 1.1.1 Brand Image..............................................................................................................3 1.1.2 Human Resource Management.................................................................................3 1.1.3 Corporate Social Responsibility (CSR)....................................................................3 1.2 Organizational Structure..................................................................................................4 1.2.1 Internal Analysis.......................................................................................................4 1.2.2 Production and Product Categories .......................................................................... 4 1.2.3 Target Market Profile ............................................................................................... 5 1.2.4 International Involvement.........................................................................................5 1.3 SWOT Analysis...................................
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...FAR 600 CONSTRUCTION – IREKA CORPORATION BHD INDUSTRIAL PRODUCT – ADVANCED PACKAGING TECHNOLOGY (M) BHD Lecturer : Assoc. Prof. Dr. HanimNorza Baba Class : M1 AC220 8C Group Members :MohdShawalHidayat bin Samiun (2011820802) Muhamed Shazni bin Mohd Fuad (2012196529) NurSuhanibintiMohdAlid (2011833942) NurulfarhanabintiJamaludin (2011681414) LiliFathiHayyanbinti Ibrahim (2011824542) TABLE OF CONTENT NO. | ITEMS | PAGE | 1. | Acknowledgement | 3 | 2. | Introduction | 4 | 3. | Industry’s Background | 6 | 4. | Company’s Background | 7 | 5. | Findings | 9 | 6. | Discussion | 15 | 7. | Environmental Issues | 16 | 8. | Conclusion | 18 | ACKNOWLEDGEMENT Bissmillahirrahmanirrahim…… Alhamdulillah. Thanks to Allah SWT, whom with His willing giving us the opportunity to complete this Final Year Project. This project report was prepared for FAR600 subject. This report is based on the methods given by the university. Firstly, we would like to express our deepest thanks to, DrHanim, a lecturer at University Technology Mara and also assign, as our supervisor who had guided be a lot of task during our last semester session. we also want to thanks to our group members for their cooperation during completion of this project that had given valuable information, suggestions and guidance in the compilation and preparation this project report. Deepest thanks and appreciation to our parents, family, special mate of us, and others for their cooperation...
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...critical importance. The motivations for these contracts are continuously being revisited to understand how CSR programs can nurture and contribute to the growth of firms. While CSR issues are attracting a great deal of attention in the developed world, there is a need for more research into CSR in the developing world. This paper considers the CSR practices of a small sample of multinational corporations (MNCs) and local firms in Bangladesh to better understand this situation. Introduction Corporate social responsibility (CSR) has generated significant debate in academic and corporate circles in recent times. This debate acknowledges the importance of CSR in the first-world, but raises questions regarding the extent to which corporations operating in developing countries have CSR obligations (Jamali and Mirshak, 2007). Conventional wisdom suggests that CSR is more relevant to corporations operating in the developed countries due to elevated community expectations of socially responsible behaviour. In contrast there is also a belief that societal expectations in the developing countries mainly centre on economic growth; therefore relegating CSR to be of lesser importance to the society and the firms (Khan, 1985). Against this back drop, this paper discusses the situation prevailing in the developing world to broaden our understanding of the perceptions and practices of CSR. Bangladesh is used as a test case for this purpose because this country is believed to posses the typical...
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...In today’s business environment, a firm’s survival is dependent on how it responds to its stakeholders; CSR is a way that response is communicated. This paper explores whether CSR is necessary for the survival of Banyan Tree in today’s environment. We will evaluate the possible ways that CSR benefits the company and show that CSR is not necessary for Banyan Tree’s survival but it does play a strategic role in building brand equity along with a sustainable business. Introduction Corporate Social Responsibility (CSR) There are multiple interpretations of what CSR means, and while there is no set principle, we have defined CSR as the duty of a corporation to create wealth in ways that avoid harm to, protect, or enhance societal assets for the purposes of discussion. Prevailing approaches to CSR were disconnected from strategy such that it obscured many opportunities for companies to benefit society . The outlook of CSR has changed since and modern business organizations have started to incorporate CSR, both internally and externally into their operations, aiming to achieve sustainable business development. This evolution arose due to increasing governmental regulations and societal expectations regarding the operation of companies, thus creating a divergence in business performance and expectations. CSR facilitates businesses in narrowing their performance-expectation gap . In the modern business environment, companies do not only compete on price and quality of...
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...capitalism in the 1970s, the currency crisis in the 1980s or the financial crisis in 2007, business needed to readjust itself every time it reaches its limit. Especially concerning the collapse of the real estate and financial bubble in 2007, a re-orientation for organizations to concentrate on long-term performance instead of inconsiderately accumulating capital was and is required. “Adopting business strategies that meet the needs of the enterprise and its stakeholders today while sustaining the resources, both human and natural that will be needed in the future” (KPMG, 2011). Those strategies to fulfill sustainable criteria are the elements of Corporate Social Responsibility. But as Friedman mentioned, the goal of an organization is to increase its profits. Could this be a win-win-situation for organizations and the environment? Or is the assumption correct, that this obvious contrast could only satisfy one party? If so, wouldn’t be the use of CSR be more a marketing instrument than a way of improving the world? 2. Explaining CSR Corporate Social Responsibility is basically one aspect of the appropriate and needed role companies play in todays` society. The European Commission for Corporate Social Responsibility provides us with the following definition of CSR: "A concept whereby companies integrate social and...
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...The Link Between Competitive Advantage & Corporate Social Responsibility | Business and Society | | There is currently growing interest in corporate social responsibility (CSR) among both companies and managers. It has become an important topic of theoretical concentration and one of the most widely accepted business concepts. The major issues in the field of CSR concern stakeholder analysis and corporate strategic management. Numerous attempts have been made to link CSR and financial performance. While the debate over CSR continues, it reveals that some additional research can be done on the link between CSR and competitive advantage (CA). CSR is understood to be the way firms integrate social, environmental, and economic concerns into their values, culture, decision making, strategy, and operations in a transparent and accountable manner (Berger, 2007). Thereby firms establish better practices within, create wealth, and improve society (Berger, 2007). CSR programs go beyond legal and ethical frameworks to include a wide range of issues for the organization (Berger, 2007). Specifically, CSR programs can impact a wide range of issues managed by the organization including: corporate governance and ethics programs; health, safety, and environment programs; attention to human and labor rights; human resource management policies; community involvement; respect for indigenous groups and minorities; corporate philanthropy and employee volunteering; adherence to principles...
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...A GreenPrint Technologies White Paper How to Reduce Printing Costs by 17%: A Guide to Doing Well and Doing Good by Printing Less By Caitlin McCool Director of Business Development Table of Contents Table of Contents ............................................................................................ 1 Introduction...................................................................................................... 2 The Real Cost of Printing ................................................................................ 3 The Myth of the Paperless Office.................................................................... 5 Stacks of Wasted Pages at the Printer ........................................................... 7 The GreenPrint Solution.................................................................................. 9 GreenPrint Case Study: Savills ..................................................................... 13 Summary ....................................................................................................... 15 Contact Information ....................................................................................... 16 © September 2008 Version 1.1 -1- GreenPrint Technologies www.printgreener.com Introduction In the past few years there has been a significant shift in corporate America and beyond toward a dual awareness of internal efficiency and environmental impact. “Carbon Neutral” was named word of the year...
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