The Business Case for Csr - 3504 Words

The concept of Corporate Social Responsibility is a relatively new in the management field and there is no single definition of it since everyone’s interpretation of the term is different. â€Å"Corporate Social Responsibility means something, but not always the same thing to everybody.† (Votaw, 1972, p.25) and from my understanding of the concept, CSR to me is â€Å"The voluntary business activities within the boundary of law that contributes to the wider community for a more sustainable environment†. Since everyone has a unique interpretation of CSR, the range of relevant CSR practices across businesses has been quite diverse as there is no such thing as features of CSR (Marcel van Marrewijk, 2003). Rising environmental and social concerns in†¦show more content†¦Drawing from these debates, Archie Carroll has developed â€Å"the Pyramid of Corporate Social Responsibility†, one of the most significant concepts of CSR. There are four kinds of soci al responsibilities that contribute total CSR, he suggested, Economic, Legal, Ethical, and Philanthropic (1991). Therefore being socially responsible does not mean forgetting the fundamental aspect of business, to make profit. The obligation of Law restricts business activities and they are the rules of the game which businesses have to obey. Being ethical is to perform actions that are fair, morally good, and of stakeholders’ interests, even outside the boundary of law. Considering corporate citizenship, philanthropic responsibilities are responses to the rising society’s expectations to business (Carroll, 1991). The notion of discretionary and voluntary distinguishes philanthropic responsibilities to ethical responsibilities. A good CSR firm should â€Å"strive to make a profit, obey the law, be ethical, and be a good corporate citizen† (Carroll, 1991, p.43) and without simultaneous fulfillment of the four responsibilities, the business should not be character ized as operating within CSR. James Fieser disagreed with Carroll, he argued that law clearly set out what people or businesses are allowed to do and what they are not. Therefore businesses have no obligation to perform ethically beyond what the law requires. â€Å"By its nature, business is supposed to be unscrupulousShow MoreRelatedBusiness Case of Csr1677 Words   |  7 Pages(course: Business in Sustainable society) assignment 2 Business case of CSR Abstract On the tracking thread toward understanding the concept and aspects of a sustainable business in this course, the inclusive wide concept of corporate social responsibility is an key approach which feeds sustainable development pattern. This paper aims to look at the CSR concept in relation to business case issue and argue the business case of CSR in different positive or negative perspectives. Read MoreWhat Is Csr? to What Extent Is There a Business Case for Csr?2114 Words   |  9 PagesWhat is CSR? To what extent is there a business case for CSR? In the late 1960s and early 1970s, the phrase ‘Corporate social responsibility’ (CSR) came into public view. This essay will describe that what CSR is and how much profits will be taken in business for CSR. Nowadays, companies not only sell their products but also give back to the society such as being active in the charity drive, solving environment problems, spending money to making infrastructure and helping other people achieveRead MoreWhat is CSR? To what extent is there a business case for CSR?2265 Words   |  10 Pagesï » ¿What is CSR? To what extent is there a business case for CSR? In recent years, increasing number of customers and businessmen start to concern about the ethical issues in businesses. Although the main purpose of business is to make profits, the social influence of it also appears to be focused by a large proportion of customers and businessmen. Corporate social responsibility (CSR), which is closely connected with this concentration, was put forward in 1953 with the meaning of interacting socialRead MoreThe Cadbury Case : Changing Nature Of Csr And Its Effect On Relationship Between Business And Society1453 Words   |  6 PagesThe Cadbury case demonstrates clearly the changing nature of CSR and its effect on relationship between business and society throughout history. In the first allegation, although the firm’s reputation was badly damaged, no action was taken. In modern time, under pressure from the media and civil society, Cadbury needs to adopt business ethics that go beyond economic responsibility and reach out for discretionary acts as certain duties and obligation in order to be a good ‘citizen’ of society. DefensiveRead MoreCsr And Its Usefulness For Modern Business1739 Words   |  7 PagesResponsibility’. There are many different definitions of CSR but the idea behind it is that businesses contribute to the well being of society, as well as sustainable development by delivering environmental, economic and social benefits to society, not just economic benefits to the shareholders. Most writers have made slightly different cases against CSR and its usefulness for modern business and society. One can see, even by looking at relevant case studies, that there are certainly a large amount ofRead MoreCorporate Social Responsibility Is A Hard Edged Business Decision1073 Words   |  5 Pagessocial responsibility is a hard-edged business decision. Not because it is a nice thing to do or because people are forcing us to do it... because it is good for our business† (Fitzerald, n.d.). In view of the aforementioned citation, it dispenses an intuitive frame of reference into the purpose of this case assignment. As this paper will be expounding upon both the short and long-term ramifications of corporate social responsibility (CSR). Moreover, this case assignment will review the manner inRead MoreCsr And Organization Performance : Csr1566 Words   |  7 Pagesintensive, international business is more the concerned subjects for a lot of researches. And among fac tors that related to that field, Corporate Social Responsibility (CSR) is considering as a very essential and key feature in doing business internationally (Werther Chandler, 2005). Therefore, there are numerous and wide range of studies in associated with defining CSR, figuring out the relationship between CSR and organization performance, etc. Moreover, while applying CSR as a phenomenon or asRead MoreThe Importance Of Csr And Its Reputation As A Leader Of Corporate Responsibility1403 Words   |  6 Pagesunderstand the risk that lack of CSR can have especially in damaging their reputation. The negative image associated with the company will result in boycotting their products or lack of appeal in them which hurt businesses. In order to effectively manage CSR, businesses have realized that the traditional tools are failing in the delivery of goals and new tools have been devised for the same. According to Auld, Bernstein and Cashore (2008), companies stand to gain from CSR though they at liberty to useRead MoreCorporate Social Responsibility: a Value Adding Business Function1201 Words   |  5 PagesCSR Corporate Social Responsibility: A Value Adding Business Function Prepared by: Randeep Moore Student ID: 301064174 BUS 421: Kim Trottier Abstract This paper examines the similarities and findings of three academic papers related to Corporate Social Responsibility (CSR) in accounting. Assumptions are made regarding the importance of CSR to the success of businesses. By looking at three different pieces of literature from the accounting field, there is strong evidence that suggestsRead MoreIs Corporate Social Responsibility a Way to Cover Exorbitant Charges1268 Words   |  6 PagesContents 1. Introduction 2 2. 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