...Abstract This paper discusses about the corporate social responsibility (CSR) theories and models. Application of corporate social responsibility theories and models is also applied on the Football Club Barcelona, which reflects the company's interest for CSR. Theoretical background of CSR theory and model is also presented in the paper. Company background, CSR report and company criticism is also covered in the paper. Findings of the paper reflect that the company is committed for socially responsible behavior and has taken some groundbreaking measures to ensure their obligation for CSR theories. Introduction Corporate social responsibility is the wider phenomena that are considered as a building block of organizational success. Sign of success is nowadays measured through the extent of corporate social responsibility maintained by the organizations in this global context. There are various theories and models developed on the corporate social responsibility which are used by the organizations to improve their image in the market in order to build a strong identity in the respective market. To maintain a level of supremacy in the market, companies operating at the national as well international level are following the footprints of those who are gaining terrific outcomes from the implementation of corporate social responsibility theories. Nowadays, the company reputation is analyzed by judging whether the company is following the principles of theories oriented towards the...
Words: 5293 - Pages: 22
...Code); Standards of Business Conduct (Standards); Statement of Business Principles (Business Principles); and Statement of Delegated Authorities. These principles are reflected in the Standards of Business Conduct, which have been in place for many years and have recently been updated in order to ensure that they remain at the forefront of best business practice. Every Group company and every employee worldwide is expected to live up to them. In addition, the principles set out within the Statement of Business Principles are designed to help meet the expectations placed on the company by various stakeholders. Both documents are available from the Company Secretary and on batm.com. PRINCIPLE 1 Establish clear roles and responsibilities: Role of chairman and CEO There should be a clear division of the responsibilities at the head of the company between the running of the board and the executive responsibility for the running of the company’s business. No individual should have unfettered powers of decision. The roles of chairman and chief executive should not be exercised by the same individual. The division of responsibilities between the chairman and chief executive should be clearly established, set out in writing and agreed by the board. The Chairman and the Chief Executive are separate individuals (Datuk Mohamad Salim Bin Fateh Din - Chairman, Stefano Clini (effective...
Words: 2189 - Pages: 9
...worldwide. As published in their official website, www.amway.com, the company’s vision is to help people live better lives and that the company is committed to business excellence, caring for people and their communities and the environment. The company is also built on four founding pillars that it is literally carved in stone outside their World Headquarters. These founding principles are Freedom, Family, Hope and Reward. To effectively achieve its vision, the company strongly believes and abides in six enduring values: 1. Partnership – This is what describes the relationship between the company, the founding members, the employees and the business owners around the globe. They always look at what is best for each other’s interest and this is what builds strength and confidence in their relationship. 2. Integrity – “Doing things the right way.” The company’s actions are undertaken with trust, confidence and credibility. This core value is also embedded in its rules of conduct. This Rules of Conduct emphasizes among others the importance of truthful and accurate trade, compliance with applicable laws and regulations and not engaging in any deceptive and unlawful trade activities and practices. 3. Personal Worth – The company acknowledges that every person is worthy of respect and fair treatment. 4. Achievement – The company believes in striving for excellence on everything they do. They encourage...
Words: 1909 - Pages: 8
...Ethics and Social Responsibility Paper Ralph L. Kendrick MGT/ 498 September o4, 2013 Glenn O'Steen Ethics and Social Responsibility Paper Ethics and social responsibility has to be a part of any organization’s strategic management plan. Without the presence of these key elements the company could face some tough times. In this paper, the author will explain the ethical and social responsibilities of organizations as they relate to strategic management. In addition, the many ways an organization can meet stakeholders needs while maintaining ethical principles. The research of one company who crossed the line ethically will be discussed. Ethics and social responsibility Ethics and social responsibility are a necessity to any strategic management plan. An organizations lack of core values and ethics will determine the outcome of the organizations future. While making a profit is important, it should not be the only responsibility of an organization. The organization is equally responsible for the health and well being of the community. Often times an organization’s decisions affect more than the organization itself. The decisions of an organization impact the environment, community, economy, and the world. Organizations have many responsibilities that need to be in perfect balance in order for an organization to become successful. The responsibilities of an organization include: economical, legal, and social responsibilities (Wheelen & Hunger, 2010). Economic responsibilities...
Words: 1073 - Pages: 5
...Management, Control & Accountability for Financial Resources INTRODUCTION The purpose of this paper is to identify the information needs of the internal and external stakeholders in a manufacturing concern and how they can be met. All stakeholders of a firm require different types of information to help them in the decision making process. The top management which comprises of the Chief executive officer and the board of director require information pertaining to the finances of the firm, the key issues of the firm and the performance of the firm to formulate the strategic policies and strategies of the firm. The middle management consisting of the marketing manager, production manager etc will require information to effectively fulfill their job responsibilities and take actions accordingly. The external stakeholders such as the shareholders have invested their hard earned money in the business and would want to be informed about how well the firm is doing and the return that they will be getting for the money that they have invested. The shareholders are usually interested in the financial reports of the firm to see how profitable and liquid the firm is and will it be able to provide dividends to them. Financial reporting is necessary for management, control and accountability purposes. It helps to assess whether the resources of the firm are being utilized in the most efficient manner and the firm is meeting its objective of generating the maximum profit. Information...
Words: 3425 - Pages: 14
...of corporate social responsibility 目录 Executive summary 3 Introduction 3 What is corporate social responsibility? What is social responsibility reporting? What’s the importance of it? 3 What kind of the benefits company can get by taking corporate social responsibility? 4 Human resources 5 Risk management 5 Brand differentiation 5 License to operate 6 Company Expansion 6 Conclusion 6 Bibliography 7 Website 7 Book 7 corporate social responsibility and profit Executive summary In this report is illustrating the potential benefits for companies to perform the Corporate Social Responsibility. Corporate Social Responsibility Although the cost is huge, it can turn into some benefits to assistant company running, such as in the aspects of risk management brand differentiations, License to operate and company expanding, the company can have some potential benefits to help make long term profits and sustainable growth. And the public need companies to perform what social responsibility they have taken for decision making and other uses. Introduction In the increasingly complex and spectacle world, such as corporate scandals and uncertainty economy have diminished trust in corporate sector.(business report)Therefore, the requirement for companies to implement and perform a corporate social responsibility has become more imperatively...
Words: 1620 - Pages: 7
... 2 INTRODUCTION This paper is about the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Included in this paper will be one example of a corporation overstepping the ethical boundaries for stakeholder programs, and what types of preventative measures could be taken to avoid this type of situation. ETHICS AND SOCIAL RESPONSIBILITY There are couple important issues of ethics and general responsibility in the strategic outlining process. According to webster dictionary, the definition of ethics is an area of study that deals with ideas about good and bad behavior and dealing with what is morally right and wrong ("Merriam-Webster", nd). The stakeholders of any corporation are not just investors, they have the power to influence the financial impact of a corporation. Ethical responsibilities are responsibilities that are governed by a moral code of conduct and are composed of beliefs that are generally held by the owners and the stakeholders of the corporation. The stakeholders also have a social responsibility to act in the best of the entire corporation and not just for their own self-interests. STAKEHOLDERS AND STRATEGIC PLANNING When establishing a strategic plan a corporation must consider all of the risk signals as well as their performances and their strategies in order to develop the corporations strategic plan. The corporate strategic adjustment should be...
Words: 613 - Pages: 3
...analysis, we observed that the recent trends of developments of CSR in Malaysia are as follows:- 1. There is a need to disclose the Corporate Social Responsibility Report (CSRR) in order to have a better governance and corporate transparency; 2. The issue concerning environment has been taken into account; and 3. Child-friendly Corporate Social Responsibility shall be considered. Through our observation and analysis, it can be said that the recent emerging trend in Malaysia, is the need of disclosure of Corporate Social Responsibility Report in order to have a better governance and corporate transparency. These can be observed through the series of initiatives which have been undertaken by the Malaysian...
Words: 1415 - Pages: 6
...Soto LAW/531 July 23, 2012 Roger Rodriguez Abstract The use of university resources and materials allows teach team members to create Riordan’s Corporate Compliance Plan. In the compliance plan students address the lawful responsibility of Riordan’s executives and presents solutions to situations, which laws have been violated and consequently propose corrective actions. Moreover, the compliance plan study includes relevant information, which further discusses Riordan’s enterprise liability, real, and intellectual property, the governance principles of regulatory compliance as well as international laws or aspects of such that Riordan must adhere to. Riordan Corporate Compliance Plan Riordan’s corporate compliance plan is not only essential but also critical to be in compliance with rules and regulations. The main focus of a corporate plan is essentially to focus on how the lawful responsibility of the executives of Riordan will manage and address situations that may arise. The compliance plan will also focus on what decisions need to take position when laws are not in compliance, when legal council is important and will establish what rights employees have and who individuals may turn to when actions are taken against the organization. Riordan Manufacturing has executed a business fulfillment plan designed accordingly to the organization’s areas of expertise of plastic designs. Riordan’s commitment is to operate and manage the organization...
Words: 1639 - Pages: 7
...Business environment Introduction Business environment is the combination of two factors internal and external. These two factors influence a company’s operating situation. In other words business environment is the sum of living person, location and natural resources. In business environment internal factors include five M’s such as, man, material, money, machine and management. These internal factors change the function of business. External factor are those factors which are beyond the control of business enterprise. These external factors are government factors, legal factors, physical factors and demographical factors. External environment or factors are also two types, micro environment and macro environment. Micro environment consist of suppliers, customers, market intermediaries, competitors and public. Micro environment is also known as operating environment. Another external environment or factors macro environment consists of non-economic environment, political environment, technological environment and socio-cultural environment etc. Business environment has some typical characteristics. It is a constantly changing system. Both short term and long term impact works on business environment. One of the most important characteristics of business environment is uncertainty. Task1 1(a) Identify the purposes of different types of organization There are many different types of organization in our socio-economic life. One organization is different from another organization...
Words: 2647 - Pages: 11
...customer satisfaction and hard work. This creates a value on Wal-Mart. It is indeed popular in American business of its low prices and it is one of the world’s largest public corporations. Hence, it has to be more careful while handling the relationships between different stakeholders. Wal-Mart is reported to be able saving the average family of $3200 annually. However, the company has received many critics on the issues of its treatment towards its employees, suppliers and economic impacts on communities. Many stand out to say that Wal-Mart is engaged in immoral issues in order to provide low prices. This case attempts to show us about the controversy of both the positive and negative impacts on the society due to Wal-Mart’s low pricing. It involves various stakeholders here in the case, such as competitors, suppliers, and employees. In addition, some ethical issues such as the discrimination, illegal immigration issues, and leadership misconduct are brought out to discuss. 2.0 Wal-Mart’s Stakeholders relationship 2.1 Competitors Stakeholders Problem: Wal-Mart used predatory pricing which causes other companies out of business. This is because they work on volume. They can give greater discount than any other competitors can afford and yet still make a profit. There is lawsuit in Germany in September 2000 that accused there is illegal pricing of goods below the market price. We could see its intention on driving other competitors out of the area, form a local monopoly with no...
Words: 3508 - Pages: 15
...performance all have significant values which can be attributed to the basic knowledge of understanding the ethical and social responsibility through which moral ethics is a priority. This takes a higher standard than the basic ordinary social standards in society. In this discussion it will be discuss the self-interest in terms of incorporating the following theories lack of understanding, lack of trust in management, differing assessments of the need for change and Low tolerance for change. “Self-actualization consists of feeling that one's life work is helpful or meaningful to other people, and that the work fulfills personal needs for growth, achieving one's potential, and being true to oneself.” Baack, D. (2012). To identify and describe whether this actions is ethical or unethical would be to look at a situation that is “a workplace free of physical and emotional danger fulfills this need. Esteem results from being held in high regard by peers, through respect, prestige, and recognition. Company awards, favorable performance reviews, and promotions generate esteem by others.” Baack, D. (2012). The components of conflict between the relationship of motivation and job satisfaction, and work performance all have significant values which can be attributed to knowledge of learning valuable lessons in life through theories of either social responsibility or through situations in which moral ethics was a priority which took a higher standard than ordinary social standards. The...
Words: 1519 - Pages: 7
...Which of these principles are most important in helping you fulfill your IT responsibilities in pursuit of the organizational strategy and mission? Provide specific examples to illustrate your points. Do you think your selection applies to most or all IT professionals, or might your selection be unique for some reason? According to Vitez, “Financial management is the responsibility of planning, directing, organizing and controlling a company’s capital resources (2010).” Financial management is very important to every organization because it makes or breaks not only projects, but the company. Finance plays a huge part of any IT responsibilities. Every project must have a strict budget that is followed for materials and labor. This week’s reading was very informative about the ten principles of financial management. All of these ten principles apply and are good guidelines to follow in the IT world. I would say Principle 1: The risk-return trade-off is probably one of the most important. I think Principles 1 applies to all IT professionals and is not unique to my situation. Every IT project should go through the risk analysis phase to determine how much risk is involved with the project. The reward should be equal to the risk. The more risk, the more reward. Take the Wall Street Journal ethics quiz in Chapter 7 of your text. Then answer the question: Where did you align with Principle 10? Principle ten, the ethical behavior principle, aligns with what I do in everyday life...
Words: 298 - Pages: 2
...Corporate Social Responsibility Corporate social responsibility refers to a business practice that involves participating in initiatives that benefit society. Liz Maw, CEO of nonprofit organization Net Impact, noted that CSR is becoming more mainstream as forward-thinking companies embed sustainability into the core of their business operations to create shared value for business and society. Sustainability isn’t just important for people and the planet. But also is vital for business success” said Maw, whose company connects students and professionals who want to use business skills to do social good. Communities are grappling with problems that are global in scope and structurally multifaceted like ebola, persistent poverty, climate change. The business case for engaging in corporate social responsibility is clear and unmistakable. Billions are at stake if last and large scale action is not taken. As consumers awareness about global social issues continues to grow. So does the importance these customers place on CSR when choosing where to shop. Honestly technology has brought global connectivity and enable advocacy and awareness for social situations that were once obscure. Millennials are redefining what it means to connect and give back through this technology. It’s not about just having recycling programs or products. People want to feel good about what their dollar is doing. Consumers aren’t the only ones who have drawn to the businesses that give back. Susan Cooney one...
Words: 793 - Pages: 4
...Corporate Social Responsibility Initiatives: A Case Study of Maruti Suzuki, Hyundai Motors & Toyota Shubham Jain, BBA (2014 - 2017), IITM Janakpuri / Guru Gobind Singh Indraprastha University, Dwarka Abstract Corporate social responsibility in simple words means, “giving back to the society from where an organisation operates its functions, employ resources and satisfy human wants by offering goods and services. In today’s time, business has emerged as one of the most powerful instituitions on the earth, earning profits will be of no use until and unless the customers associated with the organisations are not happy with the company’s perspective towards helping the society. Therefore, it calls for the need of corporate social responsibility....
Words: 1310 - Pages: 6
