Next Generation (East vs West Perspectives) – What our
... force, hundreds of millions of people in developing
countries have won the chance to escape poverty.
Hundreds of millions more stand to join them.… But in
the rich world labour's share of GDP has fallen to historic
lows, while profits are soaring.” (Economist, 2007)
Management and society
... CORPORATE SOCIAL RESPONSIBILITY (CSR)
• Key CSR issues: Environmental management, eco-efficiency, responsible
sourcing, labour standards and working conditions, employee and community
relations, social equity, gender balance, human rights, good governance, and
Business Ethics, Corporate Governance and CSR
... No directors do business with the company
Each director owns a large equity stake in the company
At least one outside director with extensive experience
Each director attends at least 75% of all meetings
Board is frugal on executive pay, diligent in CEO
succession, and prompt to act when trouble ari ...
Lecture-27 on 16 March 2014
... • In the business world, ethics is the study of
morally appropriate behaviors and decisions,
examining what "should be done”
Stefan Jarolimek (University of Leipzig)
... is about enterprises deciding to go beyond minimum legal requirements and obligations stemming from
collective agreements in order to address societal needs. Through CSR, enterprises of all sizes, in
cooperation with their stakeholders, can help to reconcile economic, social and environmental ambiti ...
... responsibility is about how companies operate, how they exploit
resources and markets, how they make money and even how much
money they make. It is about how employees are treated, the extent to
which a company insist on standards in the supply chain, the way
directors behave with governments around ...
Principle 2 Values
... sustainable value for business and society at large and to work for an inclusive and sustainable
Principle 2 Values: We will incorporate into our academic activities and curricula the values of
global social responsibility as portrayed in international initiatives such as the United ...
A GSR Revolution in 2012
... Frantic efforts were made to keep businesses going in the face of the devastation. But at the same time,
businesspeople became genuinely concerned about the safety of their customers, employees, and partners.
People were united by the determination to rebuild. This shift in thinking among managers w ...
The Pyramid of Corporate Social Responsibility
... • ‘business decision-making linked to ethical values,
compliance with legal requirements, and respect for
people, communities, and the environment’
Originates from a US organisation that encourages
corporate social responsibility, Business for Social
• ‘process by which ...
The Wolf Dons its Fleece: Corporate Social Responsibility by the
... to continue doing – and growing – its business. In other words the cost is more tobacco
users, more addiction and more premature death.
CSR (also known as Stakeholder or Cause-related Marketing), covers all the activities
corporations – including multinational tobacco companies – engage in to manage ...
Corporate Social Responsibility: Strategic Implication of
... government, shareholders, employees, customers and public
is also aware about what company has done for it. Social
audit is a one way of convincing a public view about the
company’s product, prize their performances and to win
Abstract - space lab
... of CSR. Eijsbouts points to the fact that the limited liability of corporations is a license
granted by the people under certain conditions. One of these conditions is the social license to
operate. He points to the fact that there are no clear-cut demarcations between community
expectations and the ...
Social Enterprises and Social Entrepreneurship
... – Social Enterprises are businesses with social objectives
– “A business with primarily social objectives whose surpluses are
principally reinvested for that purpose in the business or in the
community, rather than being driven by the need to maximize
profit for shareholders and owners.” (Social Ent ...
... that supports ethically sound behavior and stress a
Crafting & Executing Strategy 18e
... Are not materially different from ethical
principles in general because business
actions have to be judged in the context of
society’s standards of right and wrong.
CSR – FROM ECONOMICS TO LAW AND ETHICS. A CASE AND
... mainly concerned with human action, this subordination seemed right, at least when it comes to
principles. But, as most positive sciences did, so economics became a separated science, having its
own object and its own methods of research (and, of course, its own manner of application, i. e.
Chapter 4: Ethics, Social Responsibility and Sustainable Development
... Defn: CSR: The obligation of organisation management to make decisions and take actions that will
enhance the welfare and interests of society as well as the organisation (organisational level)
CSR represents a shift from classical economic perspectives on organisations to a stakeholder perspective. ...
Understanding and developing strategic corporate social responsibility
... its investors. Ford Motor publicized a strong
commitment to reducing its environmental
impact while also lobbying against increases
in federal fuel economy standards. Besides
apparent hypocrisy, these examples illustrate
that to optimize progress in addressing social
and environmental challenges, or ...
Beyond Corporate Social Responsibility: The
... investment can open up new markets, reduce
local regulatory obstacles, provide access to the
local political process, generate positive media
coverage and increase company or brand
awareness within the community.
Community investment as a strategic activity:
companies increasingly look at community
Corporate social responsibility
Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards and national or international norms. With some models, a firm's implementation of CSR goes beyond compliance and engages in ""actions that appear to further some social good, beyond the interests of the firm and that which is required by law."" CSR aims to embrace responsibility for corporate actions and to encourage a positive impact on the environment and stakeholders including consumers, employees, investors, communities, and others.The term ""corporate social responsibility"" became popular in the 1960s and has remained a term used indiscriminately by many to cover legal and moral responsibility more narrowly construed.Proponents argue that corporations increase long term profits by operating with a CSR perspective, while critics argue that CSR distracts from business' economic role. A 2000 study compared existing econometric studies of the relationship between social and financial performance, concluding that the contradictory results of previous studies reporting positive, negative, and neutral financial impact, were due to flawed empirical analysis and claimed when the study is properly specified, CSR has a neutral impact on financial outcomes.Critics questioned the ""lofty"" and sometimes ""unrealistic expectations"" in CSR. or that CSR is merely window-dressing, or an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations.Political sociologists became interested in CSR in the context of theories of globalization, neoliberalism and late capitalism. Some sociologists viewed CSR as a form of capitalist legitimacy and in particular point out that what began as a social movement against uninhibited corporate power was transformed by corporations into a 'business model' and a 'risk management' device, often with questionable results.CSR is titled to aid an organization's mission as well as a guide to what the company stands for to its consumers. Business ethics is the part of applied ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. ISO 26000 is the recognized international standard for CSR. Public sector organizations (the United Nations for example) adhere to the triple bottom line (TBL). It is widely accepted that CSR adheres to similar principles, but with no formal act of legislation.