country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Implementation Of Corporate Social Responsibilities

tag 0 Download6 Pages 1,289 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Implementation Of Corporate Social Responsibilities.
 
 

Answer:

Introduction

Corporate social responsibility is a form of self-regulation that is incorporated in a business model. It entails the percentage of responsibility not only for economic consequences but also for environmental and social implications. It is generally known as the process through which an organisation achieves balance of economy, social and environmental imperatives, these three forms of the triple bottom line approach Oliver  (2007, pp .247-254).   This all is carried out as it addresses stakeholders and shareholders expectations. The triple bottom line proves to be a successful tool used by small businesses in developing countries that helps them in meeting set standards in regards to society and environmental state, it does all this with the aim of not compromising its competitiveness. It acts as a framework for gauging and reporting the organisation's performance Archie and Kareem (2010). By so doing it acts as an attempt to straighten up an enterprise's goals and strategies in order to have more objectives than just profit Innes and Norris (2012).  

Yes, I agree that corporate social responsibility is really beneficial to a company’s bottom line, this is so as it targets the society, environment and ethical issues and tries to act well with them. It brings about responsible business reputations as by doing so it leads to competitive advantage as some customers insist on companies with a high responsible rating as compared to others as it implies that the company has its logic and targets set well in place Oliver (2007, pp. 247-254).   There is also the virtue of cost saving in which when a company reduces resource use and waste it can help save the environment and also money as it helps the organisation to lower its utility bills to gain low spending Archie and Kareem (2010). Environment CSR aim is to reduce effects that target the environment and that which makes the land get degraded and the activities it focuses on are like energy use, waste management, recycling and emissions. Such ways that help in such situations is like switching off lights and machinery when they are not in use, another aspect is reducing the amount of paper you waste as some papers are not degradable thus reducing the number of paper usage kerbs this issue.

 

Advantages of corporate social responsibility

Improves the image of the organization-the organisations that have implemented the CSR and followed it up to the letter end up gaining goodwill value. This is so as people want to get the product that an organisation sells as the company has a good reputation and its image is of authenticity, in regards to other organisations it increases the number of organisations willing to work with the corporation and be associated with it thereby increasing an organisations prestige Archie (2010, pp.85-105). This is highly true as the normal folk’s love association with well-mannered and proper giving organisations and become loyal due to that fact.

Increases the retention of employees and also acts as a way of attraction, this is true as companies that carry out the CSR   encourage and empower the clients and customers as they are seen as organisations that care about the well-being of people and also provide comfortable working conditions. In the social responsibilities, some organizations go out of their way to even know its employee’s birthdays and sets up something for them, also there is the financial assistance in times of need all these types of scenarios make employees want to remain with the company as the atmosphere is good and conducive for proper working and interacting Hopkins (2007). 

There is also the fact that regulatory authorities become friendly and less hostile when they know an organisation carries out CSR they give the company a fast-paced preference as it sees it follows all the protocols put in place as compared to an organisation with no CSR Contreras (2010). 

Due to being diverse and allowing itself to help out where it can, it attracts more capital inflow into the organisation as a company’s image plays a huge role to investors and due to having incorporated the CSR it gets a massive boost thus people invest in it heavily. In disguise, it also acts as a good note as the government may be willing to invest in the company as it sees it gains and customer perception thereby leading to lesser regulations to the organisation.

Production of pure renewable energy from the environment this is so as the company has financed an environmental CSR then it makes sure that its operations do not endanger any aspect of the environment as it also gives way to the company the chance to explore renewable energy sources Oliver and Stephan (2007). 

There are also disadvantages brought about by the CSR include a shift from making profits according to the organisations set objectives, it is in regards that an organisation first entity is to make profits and not invest in CSR thus by incorporating CSR it affects the outflow of cash and limits profit Innes and Norris (2012).   Also, the company reputation takes a hit this occurs as companies are required to disclose the shortcomings of their goods this creates inconsistency and violates their customer organisation relation.

Conclusion

Properly implemented corporate social responsibility has the ability to bring advantages such as enhanced access capital and markets. It is put as the way a company carries out its business in an ethical way. CSR shows that business can fully grow and be diverse when they allow themselves to divulge in as using initiatives that affect the environment such as waste materials can be used to greatly benefit one’s business Oliver and Stephan (2007). 

Human rights are relevant as there is a growing acceptance amongst organisations that shows them that also themselves have a role to play in our society and should play a major role in building it up. Another aspect is that organisations are expected to act in a socially responsible manner to an extent that it follows suite so as to influence investors decisions and also influence consumer want. CSR stands out as it acts in a sustainable, responsible process as it helps the organisation to be able to access finance, reduce the burden with local authorities and also be able to identify new business opportunities that sprout up. In this article, it shows that truly companies should incorporate the corporate responsibility in their agendas as it gives a good feel factor in their follow up. It gives major benefits as compared to the disadvantages as it measures effects necessary to attain the goals set aside by the organisation Oliver and Stephan (2007).

 

References

Archie B. Carroll and Kareem M. Shabana.2010. International journal of management: The business case for corporate social responsibilities: A review of concept, research and practice. Pp.85-105.12p.

Oliver Falck and Stephan Heblich.2007.Business Horizons: Corporate social responsibility: Doing well by doing good .vol. 50 .Pp .247-254.

Hopkins, (2007). Corporate social responsibility and international development: is a business the solution? London, Earthscan. 

Archie, (2010, pp 85-105). The business case for corporate social responsibility:  A review of concepts, research and practice

Mallin, (2009). Corporate social responsibility: a case study approach. Cheltenham, Edward Elgar.

Oliver Falck, (2007, pp 247-254). Business horizons.

Contreras, (2010). Corporate social responsibility in the promotion of social development: experiences from Asia and Latin America. Washington, DC, Inter-American Development Bank.

Crowther & Aras, (2008). Corporate social responsibility. [Frederiksberg, Denmark], BookBoon.

Pedersen, (2015). Corporate social responsibility. 

Lee & Kotler, (2013). Corporate social responsibility: doing the most good for your company and your cause. Hoboken, N.J., Wiley

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Implementation Of Corporate Social Responsibilities. Retrieved from https://myassignmenthelp.com/free-samples/implementation-of-corporate-social-responsibilities.

"Implementation Of Corporate Social Responsibilities." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/implementation-of-corporate-social-responsibilities.

My Assignment Help (2018) Implementation Of Corporate Social Responsibilities [Online]. Available from: https://myassignmenthelp.com/free-samples/implementation-of-corporate-social-responsibilities
[Accessed 09 April 2020].

My Assignment Help. 'Implementation Of Corporate Social Responsibilities' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/implementation-of-corporate-social-responsibilities> accessed 09 April 2020.

My Assignment Help. Implementation Of Corporate Social Responsibilities [Internet]. My Assignment Help. 2018 [cited 09 April 2020]. Available from: https://myassignmenthelp.com/free-samples/implementation-of-corporate-social-responsibilities.


At MyAssignmenthelp.com, we are committed to deliver quality assignment assistance in the fastest way possible. To make our service delivery fast, we have hired subject matter experts to work on different subject specific assignments. We have hired experts who owe in-depth knowledge in their respective subjects. As per their expertise, they provide geography assignment help, Physics assignment help, Strategic assignment help, history assignment help, art architecture assignment help and assistance with other subjects as well.

Latest Management Samples

BUS106 Marketing Principles For Designing And Production Of Boats

Download : 0 | Pages : 6

Answer: Introduction OzCo Boats is a family-owned boat building industry based in Coffs Harbour, situated in New South Wales has been operating since 1961. It builds high quality and luxury boats that are made from traditional material. In the current scenario of technological developments, they have to embrace innovative technologies to compete with its competitors and needs to transform its traditional methods of production. If it is contin...

Read More arrow

MBA502 Professional Workshop For Self Awareness And Work Performance

Download : 0 | Pages : 7
  • Course Code: MBA502
  • University: Kaplan Business School
  • Country: United States

Answer: Part one  Chosen topic- Self awareness (From workshop week 2) Activity name Description   Time needed   Expected Outcomes   Things to consider (instructions)   Expected barriers   1. Adjective game  This activity is about giving an adjective to own self and to others and then to see whether self given adjectives and the adjectives chosen by others ...

Read More arrow

BUSN20017 Communication In Business For Email And Employment Letter

Download : 0 | Pages : 9
  • Course Code: BUSN20017
  • University: Central Queensland University
  • Country: Australia

Answer: Introduction: Communication is used for the information transformation between different sources. It has different types such as verbal, non-verbal. There are many things to communicate for some purpose. Professionalism is require a better communication for fulfill the basic requirements in business. Business communication is playing a key role in a life of professional person for their professional work.     This essa...

Read More arrow

ACC202 Fair Value Accounting For Financial Assets And Economies

Download : 0 | Pages : 7

Answer: Fair Value Accounting Mark to Market or Fair value accounting shows the current price or the potential of the asset in the market. Assessment of fair value accounting is one to reflect economic reality in the corporate environment. The fair value shows the potential price in which the asset can be bought or sold in respect of the cash flows or the economic benefits flowing from the asset (Goh et al. 2015). The cons and pros of ap...

Read More arrow

BZ100 Introduction To Business And Management

Download : 0 | Pages : 4
  • Course Code: BZ100
  • University: Victoria University
  • Country: Australia

Answer: Learning from case study I was able to learn with the help of the case study that Telstra which is a provider of the mobile phones along with broadband internet focuses on strategies that help in protecting the community. The knowledge was gathered through the case study that getting involved with the local communities can help an organization in surviving within the competitive environment. The fostering of the inclusive communities ...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,249,346

Orders

4.9/5

Overall Rating

5,068

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

234 Order Completed

100% Response Time

Samantha Ji

PhD in Chemistry with Specialization in Organic

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2279 Order Completed

97% Response Time

Zachary Perez

PhD in Computer Science and Information System

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

3076 Order Completed

99% Response Time

Emily Wei

Doctor of Philosophy (Ph.D) in Civil Engineering

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

154 Order Completed

97% Response Time

Harold Alderete

PhD in Economics

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

I hope I get good mark! I hope I get good mark!I hope I get good mark!I hope I get good mark!I hope I get good mark!I hope I get good mark!

flag

User Id: 392150 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

HANDED IN ON TIME THOUGH GAVE A VERY SHORT TIME TO DO SO. THE WORK WAS WELL DONE TOO!!

flag

User Id: 194216 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

Always impecable work. I super reccoment this service to anyone. The quality of work and agile delivery are the high points.

flag

User Id: 396689 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

this was an excellent assignment I cant understand how the assignments can differ in presentation, is it that some writers are trained and some are not.

flag

User Id: 315260 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?