...Corporate Social Responsibility Paper Corporate social responsibility, CSR, has three major trends. Shared Value, Conscious Capitalism, and Social Business. Throughout this paper, I will be discussing these major trends and demonstrating how different businesses embody them. These major trends do not always work together. However, many businesses demonstrate one or two of these trends. In today’s world, corporate social responsibility is something that every business should make a great effort to incorporate into their business model. This is important because corporate social responsibility is how businesses are impacting society. CSR is a way for businesses to have some accountability in making sure their products or services do not impact the environment or community in a negative way. Throughout the next few pages, you will read examples of companies in our current society and prove how these companies are applying these trends to their business models. Shared value is the first trend of CSR. Shared value was introduced in a Harvard Business Review article. Strategy & Society: The link between Competitive Advantage and Corporate Social Responsibility was published in late 2006 by Michael E. Porter and Mark R. Kramer. Both Kramer and Porter helped spread the word about shared value and revealed how it works and why shared value was a necessary component to society. Porter has been considered to be the front-runner on competitive strategy and is the chair...
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...Management Planning National Beverage Corp University of Phoenix MGT/330 Jacqueline Lester December 20, 2010 National Beverage Corp is a regional bottling company located in the United States. Some of their products are Shasta, Faygo, Ohana, and Everfresh. National Beverage Corp’s products are available at convenience stores, supermarkets, and other retail stores. The company has a management planning function that is affected by ethical policies, social responsibility, legal issues, and many other factors. The meaning of ethical conduct is not completely clear in the business world. In numerous cases, business philosophy says that people should conduct themselves in a manner above criticism. It is very important that all employees of National Beverage Corp conduct their business affairs in an appropriate behavior. Ethical conduct is essential to ensure triumphant, continued business relations. The laws of National Beverage Corp are observed to make sure that they have the highest ethical standards. If a person is uncertain about a problem, it is very important to seek help. The problem is discussed with management, and then it is resolved. The business conduct policy is not always built on hard set rules but instead offers some common sense used in day-to-day business life. NBC employees are informed that they have to be aware of anything that could cause them to engage in unethical actions...
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...Yeni Rojas Legal, Ethical and Social Values of Business Chapter 4 “Traditional Theories of Property and Profit” January 27, 2015 Abstract This paper examines chapter 4 Traditional Theories of Property and Profit. It starts off with the case study of New Protocol: How Drug’s Rebirth as Treatment for Cancer Fueled Price Rises, and the ethical challenge being faced by Celgne Corp. The company must choose between securing the financial wellbeing of their company or responding to the public’s need. We also examine the ethical positions of Milton Friedman and R. Edward Freeman in their respective essays found in Chapter 4 of the textbook as they are applied to the case study of " New Protocol: How Drug’s Rebirth as Treatment for Cancer Fueled Price Rises." Celgne Corp., in my opinion is a great example of a company that is facing the age-old question of who companies owe their loyalty to? The stakeholders who are investing in our company or the community we sell our products to and for whom the product is essentially developed for. While my belief is that in any business there is the need to make a profit and constantly grow not only the assets but also the stakeholder’s investment, one has to analyze up to what point it is fine to stop benefiting the company’s financial health and maintain the ethical responsibility to the public. It does not seem ethical to price gouge customers simply for the benefit of the stakeholders; especially when the cost to manufacture the...
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..."Ethics, Corporate Governance, and Corporate Social Responsibility (CSR) " Please respond to the following: From the e-Activity, determine the ethical theory or theories (from Chapter 1 of the textbook) that best support(s) the B-corp concept. Support your response. B Corp firms must have an explicit social or environmental mission and a legally binding fiduciary responsibility to take into account the interests of workers, the community and the environment as well as its shareholders. I think that best theory to support this concept would be the virtue of ethics. It states that humans are capable of being and can cultivate habits of good character that will naturally lead to their full potential (Ethics Moral, 2010). References: Ethics Moral (2010). Virtue Ethics. http://www.ethicsmorals.com/ethicsvirtue.html Halbert, T., & Ingulli, E. (2012). Law and Ethics in the Business Environment. Cengage Learning Evaluate the likelihood of traditional corporations using social responsibility as an effective competitive strategy. Specify at least one (1) way that a company with which you are familiar can use (or has used) social responsibility as a competitive strategy in the marketing of its products / services, supply chain, charitable activities, strategic investments, or operations. Heightened corporate attention to CSR has not been entirely voluntary. Many companies awoke to it only after being surprised by public responses to issues they had not previously thought...
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...Principle of management Exam:06044100 Part A 1. Increasing the diversity in the work place is a requirement to implementing an organization commitment to social responsibility. The main obstacle to implementing socially responsible policies are pressure by financial analysts, and stockholders who push for steady increases per share on a quaterly basis .Action that can be taken towards increase social responsibilities are corporate philanthropy, organization should seek to aid both government agencies and voluntary agencies. Organizations should also reevaluate their long range planning and decision making process so they fully understands the potential social consequences. 2. Departmentalization is grouping jobs into related work units. Departmentalization based on work can be describe by its function, example of this is the engineering manager. Departmentalization based on product is where all the activities needed to produce and market a product are under a single manager. This system allows employees to identify with a particular product and develope (esprit de corps) example of this is producing a chemical .Department based on geography is when an organization maintain physical isolated and independent operations or offices .Example of this is a unit in another city or state .Customer departmentalization is based on division by customer served, an example is having one department to handle retail customer and another to handle wholesale or industrial customers...
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...ORGANIZATIONA AND SOCIETAL RELATIONS Organizational and Societal Relations Nijema Brown University of Phoenix Organizational and Societal Relations Public relations deal’s with both organizational and societal relations functions, which has two elements each, media and employee relations (organizational function) and community relations and social responsibility (societal relations) which, describes the make-up of the functions. This paper is an analysis or how the two functions organizational and societal relations can pose as issues in an organization and ways to address the issue to the public. Functions of Public Relations Public relations have two functions, which are organizational and societal. The organizational function deals with what a company is supposed to do as an organization, while societal function is all about what the public expects from an organization and how an organization communicates and build relationships with the public. Two main elements of organizational function are media and employee relations. Two main elements or the societal function are community relations and social responsibility. Organizational Functions Media Relations Media relations are significantly important to public relations because it is the main way organizations communicate with the public. “The public finds most of its information about a company through the media” (Functions of Public Relations). Different media outlets such as the newspaper, newswires...
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...Entrepreneurial Leadership Strayer University – Online Professor Michael Powers January 21, 2011 Abstract Today’s entrepreneurs can learn how to profit and be social responsibility by studying the leading entrepreneurs of the past. In this paper we will learn Jack Welch and Dirk Mueller-Remus leadership style, and major business principles for a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit. Also their major business principles for a social-responsibility oriented entrepreneurial approach in which the primary is goal to make a positive impact on society (people, families, ecology, or similar) while providing a product or service to consumers and to make a profit. This paper will also show what three resources or tools available through the Small Business Administration and SCORE would be the most useful. Analyze and describe the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit. The founding profit oriented leader is Jack Welch. He had a successful strategic plan with an aggressive approach to we maximize the opportunity. He will confidently say that the bottom line for most if not all entrepreneurs are to take care...
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...The discussion board question to be addressed in this paper is how can a company focus on the needs of its stakeholders without neglecting its shareholder obligations? Answering this question will require defining both stakeholders and shareholders, identifying the corporation’s responsibility to each and then stating the solution. Shareholder According to Lewis and Weber, a shareholder is “a person, group, or organization owning one or more shares of stock in a corporation; the legal owners of the business” (Lawrence & Webber, 2013, p. 585). These are also known as stockholders. The company and its managers are generally expected or obligated to produce as much value as possible for the company’s owners and investors. They are “to make the most money it can for shareholders who own stock in the company” (Lawrence and Webber, p. 12) Stakeholder A stakeholder is defined as “persons or groups that affect, or are affected by, an organization’s decisions, policies, and operations” (Lawrence and Webber, p. 584). Commonly included in such are employees, customers, suppliers, and the community, as well as shareholders and other investors. The idea is that there is a corporate social responsibility or obligation of the firm to serve all stakeholders interests which is practiced through “stakeholder management” (Mattingly, J. E., 2004). The Solution With the inclusion of shareholders in the definition of stakeholders, it would appear the obvious solution to the firm meeting...
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...are started a socially responsible company. Their main goal is to bring light to the more than 1.5 billion people that are without light In 2006, Sam, now the CEO, and Ned, the President, classmates at Stanford’s Graduate School of Business founded D.light Design . Sam was in the Peace Corps in Benin and saw many children injured and burned by kerosene lamp accidents. He wants to eliminate the need for kerosene lamps for the safety of the children.. The team views kerosene as a dirty, dangerous, unreliable and expensive form of lighting that current technology should be working to replace and eliminate. D.light’s mission statement reads, “We will replace every kerosene lantern in the world with high quality and affordable light and power solutions, thereby providing everyone access to a basic human need: safe and bright light (Toder, 2009).” The owners by virtue of trying to supply light to places where kerosene lighting is the leading source of light are more focused on social responsibly than profit. Many of the intended customers will barely be able to afford the product. That customer base alone demonstrates that profit is not the main focus of the company. Since social responsibility is more important than profits the company management style is different than a profit based corporation. The company values customers. Decisions on marketing and product lines are not made with the objective of generating the most revenue. Companies that seek profit first always seek...
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...Community Profile Learning Team ETH/316: Ethics and Social Responsibility Community Profile Social responsibility is the belief of people developing the responsibility toward the greater welfare of society. Each individual has his or her beliefs that determine what it means to be socially responsible. Each individual team member has selected a community in which he or she is familiar with for the use of defining social responsibility in each community. These communities include Champaign, Truth or Consequences, Mountain View Crossing, Lyons, and Lubbock. By reviewing the profiles of each community, the team can determine both their differences and similarities as well as selecting the community that has the most effective social responsibility. Differences and Similarities Because every community is different, each has a distinct quality that defines its character. One difference between the communities presented by this team is through their financial incomes that range anywhere from average to high. Age also can be seen as a difference between these communities as these ages range between the mid-twenties to mid-forties. Champaign is a town in Illinois home to the University of Illinois. The university houses half of the countries Internet service. Lubbock is a town in Texas that serves as the home for innovation and renewable energy sources. Although differences are apparent within communities, similarities are present as well. Truth or Consequences and Mountain...
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...progress” (Porter). The article written by Archie Carroll and Kareem Shabana titled, “The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice” looks at how social responsibility can provide “incentives from a primary corporate economic/financial perspective (Carroll).” This can all be tied together with the new emerging type of corporation, a B-corp. A B-corporation is concerned with the triple bottom line; people, planet, and profit. Many businesses are jumping on band wagon of social responsibility while others are standing back to evaluate the progress of this new idea. Is there any stock in what Michael Porter or Archie Carroll and Kareem Shabana are saying? Do their ideas conflict with one another or support each other? Do B-corporations fit into this idea of social responsibility? Michael Porter article looked at the things that businesses could do to create shared value. Shared value as Porter explains means long term sustainable business that benefits multiple stakeholders. Porter’s article focused on different ways to create this shared value. He looked at reconceiving products and markets. This could mean looking at the question, “Is this product good for our customers? Or for our customers’ customers (Porter)?” Porter wants people to look at how their products or services impact society, and how it can assist in social change. Porter also considered enabling a local cluster development. This concept looks at the communities surrounding...
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...TIMBERLAND’S MODEL OF CORPORATE SOCIAL RESPONSIBILITY TIMBERLAND’S MODEL OF CORPORATE SOCIAL RESPONSIBILITY Timberland is a manufacturer of rugged outdoor boots, clothing, and accessories. Founded in1918 in Boston by an immigrant shoemaker named Nathan Swartz, the company has been run for almost a century by three generations of the Swartz family. Today, the company sells its product in department and specialty stores as well as in its own retail outlets in North America, Europe, Asia, South Africa, Latin America, and the Middle East. Although the company was taken public in 1987, the Swartz family and its trust and charitable foundations continue to hold about 48 percent of Timberland stock. The company’s mission embodies a strong social responsibility theme “: to equip people to make a difference in their world. We do this by creating outstanding products and by trying to make a differene in the communities where we live and work.” In 1989, Timberland was approached by City Year, an urban service corps, for young people, with a request for a donation of boots. Jeff Swartz, a grandson of the founder and CEO, said yes and agreed to join the corps for half a day of community service. Swartz later described his experience: I found myself, not a mile from our headquarters…face to face with a vision [of] America not unlike the one that drew my grandfather to leave Russia in steerage so many years ago. I spent four hours with the corps members from City Year and some young recovering...
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...Corporate Social Responsibility and Environmental Management Corp. Soc. Responsib. Environ. Mgmt. (in press) Published online in Wiley InterScience (www.interscience.wiley.com) DOI: 10.1002/csr.132 How Corporate Social Responsibility is Defined: an Analysis of 37 Definitions Alexander Dahlsrud* Department of Industrial Economics and Technology Management, Faculty of Social Science and Technology Management, Norwegian University of Science and Technology, Trondheim, Norway ABSTRACT Despite numerous efforts to bring about a clear and unbiased definition of CSR, there is still some confusion as to how CSR should be defined. In this paper five dimensions of CSR are developed through a content analysis of existing CSR definitions. Frequency counts are used to analyse how often these dimensions are invoked. The analysis shows that the existing definitions are to a large degree congruent. Thus it is concluded that the confusion is not so much about how CSR is defined, as about how CSR is socially constructed in a specific context. Copyright © 2006 John Wiley & Sons, Ltd and ERP Environment. Received 24 April 2006; revised 31 August 2006; accepted 18 September 2006 Keywords: analysis; corporate social responsibility; definitions; discourse; social construction Introduction HE CORPORATE WORLD IS FACING THE NOTION OF CORPORATE SOCIAL RESPONSIBILITY (CSR) wherever it turns these days. On a wide range of issues corporations are encouraged to behave socially responsibly (Welford...
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...in revenue with a profit of $42.91 million.[3] According to the Timberland Web site, “Our place in this world is bigger than the things we put in it. So we volunteer in our communities. Making new products goes hand in hand with making things better. That means reducing our carbon footprint and being as environmentally responsible as we can.”[4] Timberland’s commitment to going beyond market success and corporate profitability is evident in the four pillars of its corporate social responsibility (CSR) strategy. These pillars are as follows: become carbon neutral by 2010; design recyclable products; have fair, safe, and nondiscriminatory workplaces; and focus employee service on community greening.[5] Timberland is committed to using “the resources, energy, and profits of a publicly traded footwear-and-apparel company to combat social ills, help the environment, and improve conditions for laborers around the globe.”[6] Jeffrey Swartz, Timberland’s CEO, believes that the best way to pursue social objectives is through a publicly traded company rather than through a privately owned company or a nonprofit...
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...In order for business organizations to survive both profit and CSR are significant strategic factors. Corporate social responsibility efforts have the ability to substantially impact both the external and internal aspects of an organization. CSR efforts can be closely tied to the concept of utilitarianism. In utilitarianism actions are performed with the intent of receiving a specific end result. This end result could be profit, social change and even a mixture of both. While many organizations find themselves seeking to solely maximize profits, others seek to have a significant impact on both the community and society as a whole. While some believe corporations are the sole beneficiaries of such practices, others believe that regardless of intent stakeholders benefit. I believe an organization must implement both profit driving and corporate social responsibility efforts in an effort to successfully maintain their business processes. Views on the benefits of corporate social responsibility differ dramatically across a variety of spectrums. Milton Friedman believes that CSR is in a sense a hypocritical concept due to its end result of greater profit for the corporation as a whole. I personally find this difficult to prove due to the benefits of CSR being challenging and nearly impossible to track within an organization. The business model of grocery store Whole Foods is a good representation of the benefits of incorporating both profit and CSR initiatives as it relates...
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