StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Corporate Social Responsibility - Essay Example

Cite this document
Summary
In the paper “Corporate Social Responsibility” the author discusses the obligation of any corporation to create wealth by means that would not cause harm to the society’s assets and in turn protect and enhances them. He mentions a program that would specify corporate social responsibility…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.9% of users find it useful
Corporate Social Responsibility
Read Text Preview

Extract of sample "Corporate Social Responsibility"

The Bill and Melinda Gates Foundation, for instance, is built to source the fortune of Microsoft towards improving education and helping poor people suffering from neglected diseases (Steiner, chapter 6). Likewise, Ski-in Inc. has plans of having an annual donation scheme for two orphanages in one of the developing countries of Africa. The social costs or the negative externalities on society are to be minimized through environmentally friendly products. A new section of apparels would be launched that would be bio-degradable.

Moreover, ways to recompense the pollution and harm inflicted by the production process are in progress. For every bio-degradable apparel sold, Ski-in will plant one tree. Since our products have a considerably good market; this program is going to benefit our organization and also the environment. However, the main function of the corporate is not social charity but profitability. Nevertheless, involving in controversies like that of Nike with respect to its labor practices and social duties and General Electric Company under CEO Jack Welch needs to be avoided (Steiner, 2009, chapter 6).

Hence, the idea is to make innovations and create profits through environmental protection and social enhancement. Greater production would create jobs in society and help reduce unemployment. It would also generate higher corporate taxes that would benefit society. Pumping in more products would serve the consumers and give them greater satisfaction. Thus, the utility of consumers would increase. Also planting trees would help in the reduction of carbon dioxide in the atmosphere and hence help to curb global warming.

However, these programs would take time to materialize and incur costs both in terms of money and opportunity. The donations would only come up with an increase in profits of the company. Greater compliance with the environmental and social laws along with good marketing skills would help to overcome the challenges associated with our programs. Sustaining a good image is imperative.Our company will achieve positive exposure through our new corporate social responsibilities program. Along with higher profits (which is the most important objective of a corporate), social and environmental enhancement would also be achieved.

This will help us earn a good reputation and also a wider market. It would in turn benefit our stakeholders and thus help us in accomplishing our duty towards them (Hohnen and Potts, 2007). In other words, it will lead to a chain effect that would continue to sustain our company and also the society.The implementation of the program involves competitive social issues (Steiner, chapter 6) which would benefit both the society and the company. It would target issues of the environment, specifically global warming and social issues like poverty and unemployment.

The exact allocation and strategies would be discussed in a formal set up of a committee that would solely deal with the corporate social responsibilities of Ski-in. Goals and timelines would be set after a thorough review of the company’s assets and the prevailing international laws. Action plans and budgets would be set henceforth. All these activities will occur through transparency and according to the Global Reporting Initiative (GRI) guidelines.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 500 words, n.d.)
Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 500 words. https://studentshare.org/business/1563016-corporate-social-responsibilty
(Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 500 Words)
Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/business/1563016-corporate-social-responsibilty.
“Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 500 Words”. https://studentshare.org/business/1563016-corporate-social-responsibilty.
  • Cited: 0 times

CHECK THESE SAMPLES OF Corporate Social Responsibility

Corporate Social Responsibility in Mitsubishi

Unit Title: Communications in Business 100 Assessment: Critical Essay Company: Mitsubishi Essay Title: Corporate Social Responsibility: An examination of the performance of Mitsubishi Corporate Social Responsibility: An examination of the performance of Mitsubishi Crane et al (2009) has mentioned that CSR has appeared in the history along with the evolution of business activities itself (Crane et al 2009, p.... hellip; In Nexen's (2009) opinion, Corporate Social Responsibility (CSR) is the “commitment to behave ethically and contribute to economic development while improving the quality of life of our workforce and their families as well as the local community at large” (Nexen, 2009)....
7 Pages (1750 words) Essay

Corporate Social Responsibility and Disclosure

Article 2 - Contexts and Corporate Social Responsibility: The case of Saudi Arabia The article looks at the different kinds of the CSR (Corporate Social Responsibility) related activities in Saudi Arabia.... The key drivers of the CSR (Corporate Social Responsibility) have been mentioned, but the exhaustive definition of each of the levels has not been provided.... There are a number of the social determinants that need to be taken into the consideration in critiquing the various facets of the paper....
5 Pages (1250 words) Essay

Tourism and Corporate Social Responsibility

Tourism and Corporate Social Responsibility (CSR) are issues that have become a focus for the tourism and hospitality industry.... From the other end of the spectrum the when companies adapt CSR philosophies, the state and the community are able mitigate or regulate corporate social power which may be pervading particularly in the case of large multinational operators in least developed countries (Whitehouse, 2003; UNCTAD, 2002).... Supported by research highlighting the impact of tourism activities in localities and their potential to support social development initiatives, developing competencies for collaborations between industries and communities has become a strong advocacy....
7 Pages (1750 words) Essay

Corporate Social Responsibility in Business

The writer of the current essay attempts to represent a discussion regarding the several questions about the Corporate Social Responsibility and the business strategies.... hellip; Is it possible to successfully inculcate Corporate Social Responsibility into firm strategy convincingly?... Is Corporate Social Responsibility a realistic possibility that takes place in company or is it a public relations gimmick for “window dressing”....
3 Pages (750 words) Essay

New Balance Corporate Social Responsibility

This paper, New Balance Corporate Social Responsibility, presents New Balance which is in the business of manufacturing and marketing sports shoes for last several decades.... A strong Corporate Social Responsibility (CSR) policy needs to be in place to not only enhance all stakeholders' trust and confidence in the company but also spearhead its growth by integrating the core business strategy with its CSR strategy.... nbsp; As a result of this, the footwear industry in the US in general and New Balance in particular faces huge environmental and social challenges....
7 Pages (1750 words) Case Study

Corporate Social Responsibility-GlaxoSmithKline (GSK)

Corporate Social Responsibility-GlaxoSmithKline (GSK) Corporate Social Responsibility-GlaxoSmithKline (GSK) Overview of the pharmaceutical marketThe pharmaceutical industry is very profitable.... In order for organization to maintain or restore public trust, it should practice Corporate Social Responsibility.... Corporate Social Responsibility is regarded as a commitment that aligns with the corporate strategic goals concerning pressing societal issues, and portraying awareness of the community need in which the business works....
1 Pages (250 words) Research Paper

Proposal for Corporate social responsibility

53). This study gives a substantial analysis of the Proposal for Corporate Social Responsibility al Affiliation: How Starbucks coffee company has succeed in the business world with CSR.... Theories Triple bottom line - This is interactive thinking that takes into consideration the social, environmental and economic factors which are indicators of Corporate Social Responsibility.... Nowadays Corporate Social Responsibility (CSR) can compel companies to succeed in business by escalating volume of sales and branding awareness....
2 Pages (500 words) Assignment

Corporate Social Responsibility in China

The reporter states that in the contemporary business environment, Corporate Social Responsibility refers to the ability of any business organization to comply with the expectations of its stakeholders.... China is among the countries whose idea of Corporate Social Responsibility has been criticized over history.... Although there have been many efforts to reform the Corporate Social Responsibility chain in the country, the reform has yet to take shape (Shin, 2014)....
8 Pages (2000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us