Two essays on corporate social responsibility in strategic alliances : formation and value creation

Corporate Social Responsibility of Coca Cola Company - Words - Essay Example

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Created with Sketch. References Brandt, F. Got Questions? I don't feel lucky. Free dissertation. Free plan. Free extra topic. Extended amendments period. Free instalment plan. Free PhD Topic and Outline. Free draft. Free 2, word Essay. Free 15 Writers Bag. Priority booking. Integrative theories - these theories stem from the notion that organizations most include the needs and objectives of the society.

Its strongly state that since organizations need and depends on the social responsibility essay prompt at large for profitability and growth, therefore society in return should considered when making decisions that may affect it. Ethical theories - these theories realizes the connection with CSR and Ethical values.

This theory dictates that business must perceive and accept CSR from an ethical perspective. The focal point of this theories deal with how organisation and society interrelate and the influence the organisation possess.

Smith and Higgins write that there are two significant approaches amongst other approaches that can be drawn from this theory. One of the first academic that researched on this subject was David He extensively examined the part of influence social responsibility of business essay organisation holds in the society and the result of their influence.

He writes that this influence is critical when debating on the subject of CSR. The idea of companies participating in the society solely for maximization of wealth Davis disagrees with Bethoux, Didry and Mias which is the economic theory.

Iron law of responsibility refers to companies who misuse their social influence. He writes companies who misuse their social influence in a way that not appropriate to the society will end up losing their overall influence and a responsible party will fill the gap left void.

Davis noted that the balance of social influence and responsibilities must be thoroughly appreciated and recognized by organizations and business owners. Davispg 68 extensively argued that constituency entity possess the ability to pressure organisational functional power.

Several factors which range from globalization to enhanced technology have given rise to this new notion. In concurrence with Andriof and McIntoshthese factors have given organizations more power socially and economically than governing bodies. Authors such as Dion and Duffer admittedly write that corporate citizenship portrays the duties of organizations towards the community. They hold that corporate citizenship to organization is partnering with local community to better the environment.

The approach this theory takes is somewhat different from other theory listed above. The instrumental theory believes CSR is only a stratagem for business which will eventually lead to the maximization of wealth for shareholders. Windsor achieving profitability objective means taking into consideration the interest of fraud essays. Mitchell et al argued that when the concern of stakeholders is met, it can aid in increasing value for shareholders.

In light of this, several researches has been done on the relationship between financial performance and CSR. Key and Popkin and Roman et al both carried out major research and identified a positive relationship in financial performance whenever a company engages in social responsibilities.

Social Responsibility Essay Example

However, Griffin pointed out that such research done between CSR and CFP should be examine more extensively as they can be difficult to appraise. Instrumental theory can be identified and divided into two main groups according to Spence, Crane and Ethics and social responsibility essay :.

Rowley and Berman maximizing return for shareholder is primary reason to invest in any social obligation or needs. They continue in stating that an honest investment should be made to benefit shareholders and if any weighty cost may affect the firm, the project should be discontinued. Friedman cited in Spence, Matten and Dirk gave a typical example where he stated that it will benefit a business that is situated in a small community to dedicate essential resources to the community.

Two major approaches where discussed. Porter and Kramer strongly argue that in other for a company to sustain its competitive advantage, investing in benevolent or charitable movement is essentially required.

Social responsibility essay

They concluded that this action can enhance the value of a company socially. Sometimes it is found that the boundary between normal business activities and CSR activities is hazy.

The second confusion arises in respect of tax implications of the CSR activities. Whether the CSR spending of certain company will be eligible for tax exemptions or not will be depending on the discretions of related tax authorities.

Similarly, arguments are also made against those companies involved in CSR activities on our hand but flouting the norms related to environment, labour welfare etc. Sometimes, keeping a balance between the two constructs becomes unwieldy. In add-on to these facets, the UK authorities is considered about developing a planetary administration system so that it can supply effectual guidelines for the corporations that are working in international market.

As UK is besides runing in the free market system, it will hold to guarantee that it creates a sustainable environment for the citizens, corporations and every stakeholder by doing effectual usage of good administration tools. The legal organic structures have started working on developing the relationship between good administration, societal duty and sustainability so that the state can prolong for a long period despite negativeness within the corporate universe. If the free market democracy has to be ensured, the system of sustainability has to be strengthened by developing a deep sense of duty towards the society.

Ethics and social responsibility essay citizens have to be made cognizant about their function in assisting the ethics and social responsibility essay in carry throughing its societal duties along with supplying appropriate and positive policies to the concern participants.

Social Responsibility in the Spotlight

In order to implant the societal duty wisdom, the electors have to confirm the control over unbridled bureaucratisms and indulgent politicians who are non working excessively difficult to develop an effectual administration model. The legal model demands to be updated often so that it takes into history the altering forms of globalization and industrial tendencies that are go oning worldwide. Similarly, the leaders of these free market democracies are developing their ain beneficiary ends without sing the basic demands of the citizens.

These leaders have to guarantee that they essays social responsibility the ends that are realistic and come-at-able ends and so derive support from the electors Bullivant et al.

Hence, societal duty and corporate administration are same constructs in assorted facets. Every stakeholder in the state is every bit responsible for the protection of their rights and have to guarantee that they work together like a squad. When everyone will portion same duty about the whole society, so the Torahs developed will be effectual and the state will thrive at an speed uping gait. In the last few old ages, the societal duty and good administration have become important facets of the states as they are the anchor for helping it in efficaciously booming on the planetary degree.

Although essay on electricity UK authorities and its legal organic structures have ensured that they promote the societal duty among citizens and corporations but they need to revitalize their political scene.

It has become compulsory for the administration to be implemented decently so that it can keep sustainability for limitless clip. Furthermore, it has been found that those states who have citizens that are profoundly committed to the societal duty are able to prolong and thrive in this tough and ambitious environment. The good administration strategies have to ethics and social responsibility essay strategically implemented that are in conformity with the societal duty so that everyone within the state is able to harvest the benefits of sustainability for huge clip period.

Submitted By Mr. Majority organizations need best practices for achieving organizational objectives in the terms of profit, social and ethics issues.

Ethics and social responsibility essay

Infour more stores were added - all in the Business is for Everybodys Benefit A business should not Just look to increase profits for the stockholders but more so look at the well being of the customers, employees, suppliers, investors, vendors, communities, and the environment. Social Education and Awareness Companies that engage in socially responsible investing use positioning to exert pressure on businesses to adopt socially responsible behavior themselves.

To do this, they use media and Internet distribution to expose the potentially harmful activities of organizations. This creates an educational dialogue in the public by developing social community awareness.

This kind of collective activism can be effective in reaching social education and awareness goals. Integrating a social awareness strategy into the business model can also aid companies in monitoring active compliance with ethical business standards and applicable laws.

Davis, e. Walmart has displayed in its stores, which stresses the importance and global need for safe drinking water. If you are the original author of this content and no longer wish to have it published on our social responsibility essay prompt then please click on the link below to request removal:.

Essay UK offers students a complete range of free resources for undergraduate, post graduate, PhD and professional courses. Griffin, A. Henn, K. Johnson, K. Integrating Applied Ethics and Social Responsibility. Ethical Complexity or Ethical Chaos? McNamara, C. Free Management Library. Oneal, M. Chicago Tribune. Sims, R. The Economist. The Importance of Corporate Responsibility. Economist Intelligence Unit.

Thom, D. This Essay on Ethics and Social Responsibility was written and submitted by user Lorelei Yates to help you with your own studies. You are free to use it for research and reference purposes in order to write your essays social responsibility paper; however, you must cite it accordingly. Need a custom Essay sample written from scratch by professional specifically for you?

Yates, L. Ethics and Social Responsibility [Blog post]. Yates, Lorelei.All three pillars of CSR, economic, environmental aldous huxley essays social need to be considered as business norms by corporations in order to persuade the expectations of all stakeholders.

This can be achieved if the company concerned and responsible in their actions as impact on society and environment while taking care of its profitability.

Social responsibility essay prompt

Porter and Kramer also support the argument of treating CSR as core business value and norms of applying it on their core business strategy, to ensure CSR as a source of opportunity, innovation and competitive advantage rather than expense, restriction, or a charitable deed. This essay was submitted to us by a student in order to help you with your studies. If you use part of this page in your own work, you need to provide a citation, as follows:.

Many companies only become aware when they are surprised by public responses with regard to issues that they did not think was part of the scope of social responsibility of business essay responsibilities. Porter and Kramer,pp. There are 5 main areas which businesses can benefit from CSR: 1. The way in which a company is perceived influences the company's competitiveness. CSR influences a company's reputation Weber,pp.

Potential employees may find volunteering and CSR program attractive and current employees may be more motivated by doing good work or 'having a sense of purpose' Weber,pp. Cost savings ' As a result of substituting materials for more sustainable ones, efficiency gains could be a result.

Capital could be easier to gain as a result of investors being sensitive to sustainability issues Weber,pp. Wal-mart reduces the number of store social responsibility of business essay that are printed automatically.

Revenue increases from higher sales and market share - An increase in revenue could be achieved indirectly as a result of an improved brand image or directly by a CSR driven product or market development Weber,pp. Risk reduction or management 'Risk related risks can be avoided or managed by incorporating CSR such as negative media or NO boycotts.

The Salmon Brothers, a sponsor of security, defied Treasury policy in s by purchasing more than thirty five percent of a Treasury copy of securities at auction.

This business scandal forced three top executives to resign, including other effects. The crime contributed in the effort of setting the U. Sentencing Commission in which was responsible for ensuring that companies are accountable for any unlawful behavior Brenner, In the midmany ethical scandals were inline with sexual harassment and racial prejudice. Coca-cola, Mitsubishi, and Texaco are some of the companies that received such accusations. At the start of the new century, scandals were persistent in the news.

InFirestone and Ford expressed regret to their customers for a continued tire failures. Business ethics crimes are still common in the present days and therefore there is a possibility of changing ethical and social responsibility practices and theories in the future. From the inference of public interest in social responsibility during the last forty years, two implications can be made. Attention in social responsibility has increased throughout the past three decades.

Consequently, attention in ethics and social responsibility appears to have been driven by business scandals. In essence, the society has constantly changed their view on the issue with different tastes; some take it seriously and others take it lightly. Because of the increasing ethical missteps, companies have been undergoing an intensive analysis from the public with regards to their performance.

Due to many allegations, such as unfavorable care for the customer and environmental degradation, social responsibility has changed dramatically and thus companies are required to offer back to the community.

It is believed that individual corporations are like citizens so they should contribute to the society Henn, The current organizations in many aspects are part of the society made up of many persons with different views and expectations. This implies that there is new demand for all stakeholders to reorganize their relationships. Those businesses expected to last for long will be concerned with making certain that the evolving requirements are met. These companies will need to observe legal, ethical, and social requirements while being able to operate in tandem with changing economic conditions.

Likewise, most organizations applied the utilitarian principle in solving ethical problems. The utilitarian principle argues that an action should be taken if it brings greater value to the whole organization. Modern organizations take into consideration the rights of every individual. This is known as the moral rights principle of solving ethical problems.

As a courtesy to social responsibility essay community stakeholders should be informed of layoffs or any other act that may directly affect those involved overall. The effects of a dramatic change can take a toll on the communities that rely on the dissertation on employee engagement for their needs.

Keeping stakeholders abreast of change education resume give individuals a chance to adjust to upcoming events gradually, which in turn will avoid anger and hostility towards the corporations.

The Enron scandal still tops the list of unethical behavior in any organization. This scandal demonstrated immoral practices from the pressure of potential bankruptcy and greed for more profit.

Every Kinder Morgan pipeline follows a Pipeline Integrity Management Program to ensure the optimal safety and operation of the pipeline through regular testing and inspection.

These control centers with duplicate backup systems have the capability to close valves remotely in the unlikely event of a pipeline emergency and continuously monitor the system pressures, flows and customer deliveries.

The company provides the vision in terms of social responsibility in full integrity via all means of communication and via different message - core values, vision, business ethics statement, etc.

The extent to which Kinder Morgan cares for the society in general and for its employees, stockholders and management is the characteristic that makes this company stand out on the business arena. Hopefully, the company will be able to stick to the given commitments and remain the example of one of the most socially responsible companies of the United States.

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