...Case Study: Impact of CSR on employee motivation Abstract: The workforce is a unique and irreplaceable possession of an Organization and it is absolutely necessary to keep them motivated at all times for continuous development and growth. The purpose behind this research is to help modern day companies realize the importance of CSR and how it can help to enhance the economic prosperity of an organization while motivating the workforce at the same time. Data collection is carried out with the aid of two questionnaires. Each questionnaire consists of 20 questions in the context of CSR and Employee Motivation. Data Analysis is completed with the assistance of IBM SPSS. The result of this research gives us understanding about the roles of CSR and the characteristics responsible behind employee motivation. Apparently the employees find it utterly encouraged whenever the Top Management involves them in decision making, concerning issues of the organization. The employees are fairly satisfied with their salary, the system of leaves they are provided with and their responsibilities. INTRODUCTION: Indian Oil is known to be the national oil flagship company of India with interests in business straddling the whole value chain of hydrocarbon – from refining, transportation of pipeline and marketing of products of petroleum to exploration and production of crude oil and gas, marketing of natural gas and petrochemicals. It is the leading Indian corporate, according to the Fortune “Global 500”...
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...Employees An insight into the relationship between CSR and companies’ own employees Corporate Social Responsibility vs. Employees Most of the current researches and data available today regarding Corporate Social Responsibility (CSR) initiatives are on the cause and effect of CSR initiatives on the customers’ perception of the company. According to those data, it is apparent that the more companies are involved with CSR initiatives, the better they perform in terms of customers’ brand and product evaluations (Klein). There is also quite a bit of information on how customers nowadays view company’s CSR with increasing weight and importance. However, there seems to be a shortage of information on how companies’ CSR initiatives affect their own employees. Because employees are the primary stakeholders who directly contribute to the success of the company, understanding employee reactions to CSR is helpful in discovering potential effects of CSR on firms and causes leading up to these effects (Bauman). Through observing employees’ perception on CSR and their attitude change due to their company’s investment in CSR, we can delve deeper into the intrinsic motivation behind companies’ CSR initiatives, rather than purely focusing on the results. The purpose of this research paper is to address this specific topic: relationship between CSR and companies’ employees. In addition to providing you with great insights on CSR’s impact on employees, this research paper will also give...
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...According to Carroll, CSR including economic, legal, ethical and philanthropic elements. In recently, many businesses and associations have taken active interests in introducing corporate social responsibility policies to gain more benefits. CSR continues to play a significant role in meetings and other leisure industry programs throughout 2011. The most typical example for CSR used into meeting industry is sustainability event or green meeting, which incorporates environmental considerations to minimize its negative impact on the environment. CSR might be a competitive distinction for a company compete with other both events corporate and business meeting companies who they with “similar products and services aimed at the same customer group.” As the CSR have been introduced by meeting associations , there is a big environment impact on the whole meeting industry. Regulation in corporate itself will cover each detail of a corporation's operations in different aspects. More and more meeting and conferences will use social awareness as a advertise to win public support in global markets, helping them improve competitive position and innovation. A strong commitment to CSR affect employee attitude. Moreover, businesses and corporate get opportunities to foster the business development from CSR in meeting market. Definition Corporate social responsibility literally is corporation's corporate self-regulation and interaction with...
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...Introduction * Current business environment: Responsible business is good business Both of us used to consider that if we become rich someday, what we can do or do something significant after I read some articles on corporate social responsibility. It is true that most of great companies always contribute to their wealth and to overall societal wealth by considering the effective on their employee, customers, the environment they existed, they competitors, shareholders and others to maximum the both wealth and improve their overall value when they making the decision in the current world. Not only consider about the money any more, they’ve move the main point to the both sides. Most of great companies are move their strategies on the understanding of the relationship between responsible business and good business. The external investors and market will measure the company’s strategies and performance based on their corporate social responsibility. It is a good approach that the CSR activities will help the company to build an effectively relationship with their customers and employees to acting responsibly towards then both of them will create more and more additional value for the company’s shareholders, stakeholders, and overall sides of company. Somehow, the company need to working close with their stakeholders to better develop their innovative and economically viable products, processes and services in order to improved environmental protection and social conditions...
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...1 Building Your CSR Business Strategy Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat. —Sun Tzu In honor of Earth Month, Wal-Mart launched its first-ever in-store magalogue (kind of a cross between a magazine and a catalogue), which aimed to inform its customers—roughly 200 million of them in a month—on actions they could take, while shopping at Wal-Mart, to help the planet. This was great business strategy not only for Wal-Mart in promoting the greenness of its own brand but also for General Electric, Procter & Gamble, Horizon Organic, and Clorox—all of whose environmentally friendly products are given premium promotional space in the magalogue, not to mention premium in-store shelf space. As we have already seen, CSR is quickly gaining corporate mindshare— an increasing number of companies in almost every industry are adopting CSR principles and initiating CSR programs. The realization that companies can and should play an important role in their communities—and across the nation and around the world—while making a profit is quite a step up from the old belief that the sole purpose of companies is to increase value for shareholders. Today, many businesses are taking the next step in the evolution of CSR in business. Many business leaders are realizing that CSR is also a viable component of their overall business strategy, along with such traditional functions as marketing, branding, research and development, innovation...
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...responsibility (CSR), which came into general use in the late 1960s and early 1970s (Harvard Kennedy School,2008), has become a vital portion in business model. There are a large number of definitions on corporate social responsibility. According to Harvard Kennedy School (2008), CSR is a procedure targeting at embrace responsibility for the company's actions and inspire a positive impact through its activities on the employees, environment, communities, consumers, as well as stakeholders. It seems that CSR is balance between positive social effect and business processes. With the development of CSR, more recent definitions focus mainly on the impact of how the companies manage their core business. In other words, the idea whether CSR serves as a resource of competitive advantage has emerged. In this essay, the author believes that the CSR indeed brings financial profits to the business and is overall beneficial to fashion business development. In the recent years, most high-street brands, such as Primark and Top Shop, including some luxury fashion brands, have worked on sustainability reports and corporate responsibility (CSR) for the sake of their long-term growth. This study will focus on the influence of CSR in the fashion business and discuss the issues mentioned above. Additionally, based on the aspects of CSR definition, this essay is divided into three dimensions, including environment, staff welfare and community in order to discuss the relationship between CSR and competitive...
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...in driving Corporate Sustainability measures Executive Summary After the Brundtland report in 1987, special emphasis has been given towards sustainable development and its interrelationship between firm productivity, societal equity and environment quality. Proactive organizations are accountable for facilitating, demonstrating and promoting corporate social responsibility. Companies have to rethink their strategy from being profit driven to corporate citizenship. There has been immense pressure from government, customer, employees and competitors to think towards environmental management. HR can play a critical role in this regard by acting as a medium to communicate and educate firms about the importance of CSR. At the same time HR can integrate business goals and CSR goals by implementing HR practices. Introduction Since rapid industrialisation, natural resources are getting depleted at a fast pace. There is a need to conserve and judiciously use natural resources so that there is no burden on our future generation. Corporate sustainability was once seen as a philanthropic activity but now it is getting its due importance in leading companies. Companies have gone to the extent of proactive environmental management which encourages corporations to prevent pollution at the source rather than at the end of pipeline (Annexure 01). Cutting edge firms are going beyond pollution prevention and exploring new opportunities for developing eco-friendly products, processes and technology...
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...Corporate social responsibility (CSR) is a topic that has been discussed broadly in the past years. In the world that currently more aware in responsibility and sustainability, CSR is now at the most important stage as ever. However, there is no definite assumption of CSR. This essay will discuss the contrast between definitions and approach in CSR according to scholar and my own understanding. First,…. The first one is instrumental theory which states that CSR should be the tool to gain profit for shareholders. The act of CSR should impact the financial performance in the firm. In order to do so, the approach should increase value of shareholder, building competitive advantage, and generate competitive advantage. For example, any activities that only bring cost to firm should be prohibited. Another thing is the firm could build good image through musical concert and other events that makes customer capture the good side in the firm. (Garriga & Melle) Another assumption in CSR is integrative theory. In instrumental theory, it discussed more on how CSR can bring advantage back to the firm. In this context, it more discuss on how firm can contribute back to society, as it firm runs mainly because of the customers in the society. For example, firm should be able to address and react throughout current issues in the world. Those issues could effect on firm and firm could minimize the surprise by doing this approach. Firm also has public responsibility that firm should aware...
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...for Sustainable Development defines Corporate Social Responsibility (CSR) as the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce, their families and the local community and society at large. It is an attempt by organizations to take responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment. CSR has become a strategic imperative for corporations world-wide as the pressure to play a more active role in the social and environmental impacts of their business grows. The most successful CSR programs in the future will be those that integrate their social and environmental goals into their core business function. They will implement many levels of CSR activity, from fundraising and employee donations, to community involvement through volunteering, and environmental improvement of their business processes (TVF, 2004). There are many arenas a company can consider when developing a strategy for corporate social responsibility. The strategy I am putting forth for TruNet Telecom will focus on four areas: environmental, ethics, sustainability, and legal. The following pages will discuss what the company is currently doing to fulfill these areas as well as make recommendations to bolster the current CSR status. A solid CSR strategy can reinforce the trust the customers have in the company,...
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...ABSTRACT Nowadays, Corporate Social Responsibility (CSR) activities caught the company or organization’s attention in order to come closer to the society. From the level of top management until to its employees, it seems that CSR somehow give the impact on business performance. The organization or company’s involvement with society, closely give the sign toward achieving their business’ goal. In this study, survey by questionnaire was used to collect the secondary data from the candidates. The information will be the indicator to analyze and interpret on how the impacts of CSR on business performance. It showed that positive sales revenue correlated with the CSR activities which will enhance the company’s business growth on their image and reputation. Nevertheless, on the side of financial performance might be give sort of negative impacts. On top of that, the mode contribution of company’s business towards the society or how well the relationship with top management, employees and customers can be the factors for business manager to cater it. CHAPTER ONE 1.0 INTRODUCTION In this chapter one, we will discuss on the statement of problems and also objectives in relation with CSR on business performance. 2.1 STATEMENT OF PROBLEMS A business’s capability and intention, through the economics obligation has bring the social responsibility to the companies do the right things, produce more output and least input that bring good deeds to society. It also linkage...
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...represent the stakeholders. So owing to this philosophy, the firm has to provide highly enhanced CSR activities to the beneficiaries. This need has aggravated more on account of the expansion plans. Now there are two alternate plans for meeting this need. So this has to be streamlined by careful and rational deliberations. PESTCL ANALYSIS: Political: * The issue of the land acquisition would have a big political implication, as at the site of operations. Different political parties play politics, by assembling people against the land acquisition and pose a roadblock. This is proved by the present simmering issue of POSCO in Odisha. | Economic: * The CSR issues if gather speed, would help elevate the economic condition of the displaced families, at the same time earning the government added revenues in the form of tax, form the company operations. | Social: * The people when benefited by the CSR of TPC, would have a big social impact on the TPC’s future initiatives, as now a social connect is there between the industry and local people. | Cultural: * The CSR activity portrays the vibrant, sensitive and responsible culture of Tata in particular and affects the value, attitudes of the employees in particular and the overall work culture as a whole | Legal: * By law TPC, has to sustain the displaced families and add value to the society and the losers of land by means of CSR. | SWOT ANALYSIS STRENGTHS * Serve as a report cardIt acts as a measure of the goals...
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...Definition Corporate social responsibility (CSR) is the initiative and actions of companies to assess, take responsibility and be accountable for their economic, social, legal, ethical and environmental impact and as well as their relationships with all stakeholders. CSR can take the form of environmental, community based, human resourced based and philanthropy. Who and what are affected by the actions of Organisations? Stakeholders are individuals and groups that are affected by an organisation’s policies, procedures and actions and can be classified into primary and secondary stakeholders: How does CSR create value for Organisations? * CSR promotes business sustainability – The responsible use of resources and the fair treatment of stakeholders will ensure the availability of these resources in the future. The availability of these resources will ensure business continuity and well-being. * CSR increases business opportunities – Customers, the government and other business will be attracted to organisations that are committed to CSR – there might be instances where these organisation’s might be more expensive but will still be awarded tenders on the basis of their social practices. * Brand, Reputation, Trust and Public profile – Trust and a good reputation are some of an organisation’s most valuable assets – these are referred to as intangible assets which also contribute to the “goodwill” of an organisation. Being socially responsible creates goodwill and a positive...
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...firm – one which reduces its negative and enhances its positive impacts on society and the environment. Further, human resource (HR) professionals in organizations that perceive successful corporate social responsibility (CSR) as a key driver of their financial performance, can be influential in realizing on that objective. While there is considerable guidance to firms who wish to be the best place to work and for firms who seek to manage their employee relationships in a socially responsible way, there is a dearth of information for the HR manager who sees the importance of embedding their firm’s CSR values throughout the organization, who wish to assist the executive team in integrating CSR into the company’s DNA. And as high profile corporate failures such as Enron make all too clear, organizations that pay lip-service to CSR while neglecting to foster a CSR culture run the risk of damaging their corporate reputation if not their demise. Indeed, HR’s mandate to communicate and implement ideas, policies, and cultural and behavioural change in organizations makes it central to fulfilling an organization’s objectives to “integrate CSR in all that we do.” That said, it is important to understand that employee engagement is not simply the mandate of HR. Indeed people leadership rests with all departmental managers. HR can facilitate the development of processes and systems; however, employee engagement is ultimately a shared responsibility. The more...
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...am still in the beginning of learning how to write a good research from her, and I would say thank you very much. Abstract GHRM is a concept of how the company going green and to change the culture of the company to a green business through implementing its practices and policies which are integrating to CSR to reach the social needs of the employees by keep them feeling afe and work in safety and health work place to increase their retention, but these policies are not suitable for all kind of businesses as they have disadvantages on some businesses and a lot of consequences and that what the paper will discuss from what are the types of businesses cant implement these practices and what are these disadvantages. Keywords: GHRM, HRM, CSR, social needs, green business, greenwashing Table of Contents II. List of Abbreviations 5 III. Chapter 1: Research Outline and Introduction:- 6 A. Introduction 6 B. Research Objectives 7 C. Study structure 8 IV. Chapter2: Literature Review:- 9 A. An overview about GHRM 9 B. The advantages of GHRM 10 C. How to implement GHRM practices and policies 11 D. An overview about CSR 12 E. Is GHRM suitable for all kinds of businesses? 13 V. Chapter 3:...
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... Motivations behind CSR 2 2.1 Self-Interest 2 2.2 Ethics 2 3. Arguments for CSR 3 3.1 Innovation 3 3.2 Cost-Saving 3 3.3 Brand Differentiation 3 3.4 Long-Term Thinking 3 3.5 Customer Engagement and Employee Engagement 3 4. Arguments against CSR 3 4.1 Misdirections 4 4.2 Controversial Industries 4 5. Conclusion 4 6. References 4 Is Corporate Social Responsibility a way to cover exorbitant charges? 1. Introduction Various authors have different definitions of what Corporate Social Responsibility. According to Lorde Holmes and Richard Watts, 1998 in their publication ‘Making Good Business Sense,’ they define CSR as “the continuing commitment by businesses to behave ethically and contribute to economic development while improving the quality of life of the workforce, their families, and the community.” Others like Mallen Baker, 2013 define it as “how business manage their business processes to produce an overall positive impact on society.” The underlying concept of CSR is that it's a form of self-regulation by firms to ensure they comply with both legal and ethical standards of a community. 2. Motivations behind CSR To argue for or against whether CSR is a way of covering exorbitant charges or not, we need to look critically at the core motivations behind CSR and other arguments made for or against it. According to Richard E. Wokutch, 1990 in his journal Corporate Social Responsibility Japanese Style, he identifies two key motivations behind CSR in most literature;...
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