Corporate Social Responsibility For Employees - 1473 Words

During the 1970s, the Business world became aware of damages engendered by the human activity, in particular environmental damages. For this reason appeared the notion of  « sustainable development  » in the Brundland report (1987). This notion can be defined as the mean to assure the development of the current generation without compromising the development of future generations. The Corporate Social Responsibilities (CSR) are in a sense the contribution of companies to respect the stakes of the sustainable development. The Corporate Social Responsibilities of companies base on social, environmental and economic concerns. This match the â€Å"triple bottom line† theory: â€Å"People, Planet, Profit†. Over the years, Corporate Social Responsibility expended and became very important in the Business organisation and a large number of companies take part in CSR initiatives. In 2004, approximately 90% of the 500 best performing companies according to Fortune magazine h ad invested in CSR efforts. However, we might wonder what are the pros and the cons of Corporate Social Responsibility for employees, management, organisation, society and environment? On one hand, I will deal with the dangers of Corporate Social Responsibility and on the other hand I will deal with the benefit of CSR. First of all, Corporate Social responsibility can negatively affect the stakeholders and the environment. Corporate Social Responsibility can beShow MoreRelatedâ€Å"Corporate Social Responsibility and Younger Generation Employees†3503 Words   |  15 Pagesâ€Å"Corporate Social Responsibility and Younger Generation Employees† Authors: Mrs. Mrinal Sanjay Rao, Mr. Masarrat Raj Assistant Professor Student of PGDM (Finance) Sinhgad Institute of Business Administration and Research, Kondhwa (Bk), Pune. Abstract: Today when competition has reached its peak, anything that gives competitive advantage is a matter of concern for the corporations. In such a situation, when businesses have realized that they owe something back to the societyRead MoreChallenges in Implementing Csr1580 Words   |  7 PagesChallenges in implementing CSR Corporate Social Responsibility can be separate into internal dimension and external dimension. Internal dimension and external dimension Internal dimension focuses on organizational practices with respect to internal stakeholders that should be aligned to corporate social responsibility standards. It includes human resource management, safety and health, environmental impact and corporate change. External dimension focus on an organization practices towards externalRead MoreCorporate Social Responsability, New Balance1449 Words   |  6 PagesAlthough New Balance owners did not have an official Corporate Social Responsibility policy there was a strong culture of â€Å"Doing the right thing† (Veleva, 2010). New Balance owners along with company leadership did realize that New Balance needed to engage in the next step, which was to develop a strong Corporate Social Responsibility. To do this New Balance promoted their senior corporate communications officer to the social responsibility manager. In addition, New Balance hired a firm outsideRead MoreThe Impact Of Corporate Social Responsibility On Business1626 Words   |  7 Pages In contrast, this research shows that the impact of corporate social responsibility can extend beyond public relations and customer goodwill to influence the way consumers evaluate a company s products. Specifically, this research documents that acts of social goodwill--even when they are unrelated to the company s core business, as in the case of charitable giving--can alter product perceptions, such that products of companies engaged in prosocial activities are perceived as performing betterRead MoreCorporate Social Responsibility Essay1313 Words   |  6 Pagesqualified employees, because these employees are a necessary component of the competitive advantage that organizations want to achieve (Greening Turban, 2000). Corporate Social Responsible actions of an organization can be a manner to attract highly skilled and qualified employees, because prior research assumes that organization’s CSR activities comprise a legitimate and compelling way to a ttract them (Bhattacharya et al., 2008). Previous research on Corporate Social Responsibility focused mainlyRead MoreLowes Stance on Social Responsibiliy1440 Words   |  6 PagesLowe’s Corporate Social Responsibility Asher G. Budka MGMT115-1301A-03 Instructor: Joshua C. Rhodes January 13th, 2013 Lowe’s Corporate Social Responsibility This paper is about Lowe’s Corporate Social Responsibility into today’s society. To be discussed is what is a Corporate Social Responsibility (CSR) program, why should a company implement a CSR program, Lowe’s stance on Corporate Social Responsibility, connection between Lowe’s CSR and the Home Centers Industry, and who is Lowe’s responsibleRead MoreCorporate Social Responsibility, Sustainability, And Approaches For Managing Culture And Diversity Of Employment Practices Essay1576 Words   |  7 PagesSummary: The following business report will examine some critical concepts which apply to all businesses small or large more specifically to the company of Tata. This report will provide an in depth analysis and evaluation of the areas of corporate social responsibility, sustainability and approaches to managing culture and diversity of employment practices of the company. The methods used to analyse these key areas comprise of the textbook, a wide va riety of articles, a quote and a youtube clip. TataRead MoreGe Case Study Essay1458 Words   |  6 Pages 1. Corporate social responsibility is defined in Chapter 5 as the corporate duty to create wealth by using means that avoid harm to, protect, or enhance societal assets. Did GE in the Welch era fulfill this duty? Could it have done better? What should it have done? I believe that Welch only fulfilled one portion of his corporate social responsibility duty. Financial results for GE show that Welch was very effective in directing a highly profitable company, but he did so at the expense of manyRead MoreSouthwest Airlines : Corporate Social Responsibility809 Words   |  4 Pagesof its employees, stockholders, consumers and the community as a priority. One company that is consistently recognized for their corporate social responsibility initiatives is Southwest Airlines. Southwest is a successful organization that perfectly blends operational focus with social obligations which translates into increased revenue and customer support. For several years, Southwest Airlines received recognition as one of the 100 Best Corporate Citizens by Corporate Responsibility MagazineRead MoreThe Concept Of Corporate Social Responsibility Essay1696 Words   |  7 PagesConcept of Corporate Social Responsibility According to Pearce Robinson (2014), corporate social responsibility (CSR) is â€Å"the idea that business has a duty to serve society in general as well as the financial interests of stockholders.†(P.56) The concept of corporate social responsibility of the business operation must comply with sustainable development idea; the company should not only consider its own financial and operating conditions, but also think of its impacts on the social and environment