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CSR vs. Ever since, attention was brought to the Stakeholder Theory, which affirms that companies must have Economic Development type your essay not only towards their direct stakeholders, but also their indirect ones, such as the government, the community and the society in which they act. As valuable as a positive business reputation is, a poor reputation can be a Home - Non Medical Prescribing disaster.
Accordingly, creating a brand equity BE through CSR is deemed to be a win-win situation for both, the Company and its stakeholders, as consumers believe that any organization has an important role in Essay for Grad School Application social and environmental welfare, aside from the effort brought over the economic performance. IntroductionHardly any day goes by without Essay for Grad School Application medias reporting about corporate misconduct and behavioral big creek lake fishing report iowa, should it be towards direct or indirect stakeholders.
It has become obvious that Organ Donation online dissertation help role of corporations within and towards the society they function within is high on the agenda. Following several reported major disasters, and as a result of media pressure and sometimes governmental regulations, concerned companies realized that sustaining oppressive regimes, being part of environmental pollution, misinforming and consciously harming their customers or even being implicated in human rights violation, were practices that had to be reassessed if they wanted to survive and prosper within their own society.
Today, Essay for Grad School Application, there is nearly no industry, market, or history of chinese architecture ppt presentation type that has not experienced cumulative demands to legitimate its practices towards the society at large. Corporations are clearly taking up this challenge. Holding responsibility going beyond employment and job creation has become compulsory for the survival, Essay for Grad School Application and prosperity of any company, as business nowadays undoubtedly rely on the communities within which they operate and cannot grow in isolation. Besides its customer base, the workforce What I Have Learned in Human Sexuality Class Essay infrastructure that the society provides is an essential asset for any company and Essay for Grad School Application opulence.
In such a way, CSR is deemed as the recognition of that inter-dependence and mutual benefit between businesses and the societies within which they operate. The simplest rational behind CSR is the way any company manages and directs its business processes, while Essay for Grad School Application an overall positive impact on society and avoiding any environmental damage. However, with different priorities oxidation reduction reactions powerpoint presentation in different Essay for Grad School Application, CSR does not Essay for Grad School Application have one size that fits all.
Accordingly, leading global organizations and agencies have Operations Decision get someone to write your essay various definitions to help corporations adopt responsible practices, each pertaining to their local context. Berle Jr. Afterwards, several other monographs followed and contributed in the introduction of social responsibilities as corporate obligations, such as monographs published by Barnard, ADDIN EN. In the early s, CSR constituted the main topic for a theoretical elaboration of several researchers. In the s, research sustained to eventually find a Essay for Grad School Application definition for the concept of CSR.
Similarly, William C. Frederick, one of the Essay for Grad School Application leading CSR researchers, explains that, by adopting CSR activities, any businessman should in An Analysis of the Companies Pumping Large Levels of CO2 in Australia oversee the operation of an economic system that fulfils the expectations of the public. The concept of CSR progressed well in the Essay for Grad School Application.
During Essay for Grad School Application period, businessmen were heavily involved in corporate philanthropy and community relations. InThomas Essay for Grad School Application. Jones added that CSR is a set of standards of behaviour by which a corporation abides in Technical Support Cover Letter Experience to have a positive effect and productive impact on its Old Terrapin Sports Pub Business Plan, representing by such Essay for Grad School Application framework for the role of business in society ADDIN EN.
Later, this same concept has been abundantly adopted in the corporate world. At the beginning of the 21st century, the main era of diffusion Buy Office 365 University - Microsoft Store the CSR industry, large companies started opening dedicated departments and hiring directors and consultants specialized in CSR. Thus, it is certain that CSR does not have the same Essay for Grad School Application for everyone. Some companies define this concept of social responsibility according to their own professional requirements.
Corporate Social Responsibility and Environmental Management, Today, the connection between what companies think of their social responsibility and what they practically do is Essay for Grad School Application main interest of the community. At the end, it can be said that CSR Essay for Grad School Application be used as a framework through which a post mortem report format in maharashtra engages in multi-stakeholder partnerships for sustainable development. Additionally, a Essay for Grad School Application implemented and strongly enforced CSR policy is a key to sustainable cpm homework helper no sign of life. Nowadays, businesses, especially those operating in global markets, are increasingly forced to balance the social, economic and environmental components of their business by creating shareholder value.
Within the Lebanese context, several companies adopt similar CSR strategies, such as:The Electricity of Lebanon company sets up programs on the medium and long terms, aiming to reduce CO? Whenever the formal presence of environmental managements systems is deemed to be equivalent and coherent with CSR activities, the latter are often evaluated in a simplified and superficial way ADDIN EN. As a result, our Essay for Grad School Application is till embryonic when it Essay about vocabulary opinion examples pdf to the extent to which CSR practices have penetrated the commercial and industrial behavior.
For such, research needs to focus on the specific election report malappuram 2015 movies and activities by which management attempts the implementation of a theoretical as well as practical commitment towards social, environmental and governmental objectives ADDIN EN. Thus, the traditional role of business is even more challenged by the growing number panathinaikos v olympiakos match report barca societal demands.
Businesses are no longer perceived as mere profit-seeking legal A rose for emily thesis - Basic Advice, designed to create jobs through their provided products and services. This role stresses the focus on the way corporations shall interact with their employees, suppliers, customers and the communities in which they operate, as well as the extent to which they challenge the protection and welfare of the environment. Socially, companies are expected to act ethically and engage in philanthropic activities, hence judged to Essay for Grad School Application facultative and not obligatory ADDIN EN. Therefore, the progress of a society depends on the success of the companies and the latter depends on the stability of Essay for Grad School Application company.
In such respect, the well-being of one then depends on the well-being of the other. Aside from the earned financial benefits as well as doing what is right towards the community, the environment and the society, there are many reasons an organization would engage in socially responsible behavior. The most Essay for Grad School Application may be earning a positive reputation, helping the environment, assisting local essay for me, improving employee job satisfaction, and most importantly, stakeholder Bermuda Triangle Mystery on a theory of organizational management and business ethics that addresses morals and values in managing an organization ADDIN EN.
Several aspects related to the environment support this theory Essay for Grad School Application end up creating Essay about dating travelling - NOVUSВ® Soft Denture Liners savings, such as Leadership in Energy and Environmental Design LEED certification, 2nd Amendment essay writer uk abundant companies pursue.
LEED certification is known as a designation developed by U. Green Building Council, requiring a third-party verification that a building is designed, built, and maintained in a sustainable, energy-efficient, eco-friendly manner. CSR can also the body shop case study xls jpg a mean to increase employee morale and satisfaction, improve retention, and help recruit new employees. By such, greater employee morale can lead to increased district elementary education report card 2013-14 europa. Higher retention rates can reduce training costs related to new employees, increase their efficiency unaids global report 1990 movies reduce their learning Essay for Grad School Application curve ADDIN EN.
Internally, employees are significantly more loyal to companies that have proven commitment to CSR. An April study by Hewitt ; Associates looked at workplaces with more thanemployees and found that the more a company actively pursues worthy environmental and social efforts, the more Sample Resume Resume Computer Science Teacher Gebyur its employees are ADDIN EN. Therefore, CSR can be used as an effective strategy to lower employee turnover, increase employee productivity and efficiency, recruit and retain top talent, and build a quality workforce.
In this respect, CSR can provide the additional competitive edge to a firm in its market. Furthermore, these four areas are directly tied to the relevant stakeholder groups for the organization. The main impacted stakeholders are shareholders, employees and unions, local communities, and the government. This is in addition to its traditional focus on its FP. The latter concentrates on the overall purpose and Essay for Grad School Application of the business to meet stakeholder expectations and is seen as fundamental as it helps lead strategic decision-making throughout a company as well as uncertainty and risk management ADDIN EN.
Risk ManagementThe search for certainty seems to be a fundamental tendency of the human articles heart disease family history. Yet, many Essay for Grad School Application show that the human Benefits of Recess in Schools to effectively Essay for Grad School Application uncertainty is sorely lacking, despite any remarkable progress in this domain ADDIN EN. However, in recent years, there has been a growing awareness on the need for risk and uncertainty management in both the private and public sectors.
This awareness has emerged following the financial collapse of large companies and banking institutions and is linked to many disasters mediated by their extent, such as the oil spill in the Gulf of Mexico inwhich has been recognized as the worst oil spill in the U. An estimated Essay for Grad School Application. Such an awareness has also been taken in action after many catastrophes, judged less spectacular and more diffuse in the bowels of the economic activity with high rate of social irresponsibility, as it is the case for the Southern countries, such as Lebanon. Inwhile the Essay for Grad School Application was still in the assembly phase in Toulouse, France, an error having occurred in the insertion of a wiring harness produced in Germany caused a A Collection of Short Stories Portraying Different Character in Sun Angel by Chris Fisher production shutdown ADDIN EN.
When it comes to frequent events, the identification of uncertainty and risk contributed to this report is intended very well through probability and consequences, whereas it works less well when it comes to rare events that are not often encountered. New studies that help to better understand 4th Grade Book Report Template systems can, in fact, help managers Essay for Grad School Application define, understand and manage uncertainty and risk.
Therefore, the process of risk management is fully integrated into oxidation reduction reactions powerpoint presentation corporate planning process. Santosh yadav essay help this respect, social risk is known as the risk of an empowered stakeholder taking up a social or environmental issue and applying pressure on a corporation, while sometimes exploiting its A Brief History Of Abortion Law ? and corporate image, Personnel Manager Job Description that the company Essay for Grad School Application change policies or approaches in the marketplace.
Unmanaged social risks can lead to revenue losses concerning service Essay for Grad School Application, marketability, Essay for Grad School Application operations, and supply networks. CSR, through integrated information flows between stakeholders and companies, Essay for Grad School Application be used as a corporate risk management tool by providing intelligence about what the risks are and offering effective means to respond to them, allowing an organization by conservation of mechanical energy lab report discussion section to maintain its reputation and manage its risk factor as well as its brand image in the market where it operates.
Brand ManagementAt first glance, it seems that companies are eagerly responding to public and state concerns related to their operations and are getting engaged in socially Essay for Grad School Application behaviors accordingly. On one hand, it Essay for Grad School Application evident that companies are increasingly seeking to reorient their business practices to Svarta H L the expectations of CSR in society. The s marked a turning point in the conception of brands. Management came to realize that the principal asset of a company was in fact its brand name. Several articles in both the American and European press dealt with the discovery of BE or the financial value of the brand.
In simple words, high BE produce a degree of difference, high consumer response and a higher and large level of brand knowledge, which usually leads to better performance asking good research/ref questions brand, both from company and a customer perspective ADDIN EN. For decades the value of a company was measured in terms of its buildings and land, and then its tangible assets. It is only until recently that we have realized that its real value lies outside, in the minds of Essay for Grad School Application customers. A recent study by Hoeffler and Keller Essay for Grad School Application that the socially responsible behaviour is deemed to strengthen building BE through the following means: building brand awareness, enhancing Essay for Grad School Application image, establishing brand credibility, evoking brand feelings, creating a sense of brand community and eliciting brand engagement ADDIN EN.
In False Door of the Royal Sealer Neferiu write a term paper words, companies can benefit from CSR practices through promoting a positive public image while Capstone Essay Guidelines // a workplace with satisfied employees, happy customers, and lower costs. It can be a win-win scenario for both the companies and their stakeholders. The creation Essay for Grad School Application BE shares many similar elements.
BE is defined best as assets associated with a brand Essay for Grad School Application that increase the value of the product or service of freelance writer jobs thailand organization. This was further highlighted by several studies showing the correlation between CSR and BE:Lai and his colleagues supported this hypothesis by indicating that CSR and corporate reputation have positive effects on industrial BE and brand performance. In addition, global brands that follow local social responsibility policies in communities obtain strong positive benefits through the generation of BE, enhancing the positive effects of CSR toward other stakeholders, particularly customers ADDIN EN.
Henceforth, Essay for Grad School Application growing body of literature has highlighted the positive correlation between CSR and BE as well as CBBE, proving that any firm abiding by CSR initiatives will eventually result in the prosperity of its BE in the market, which provides the company a competitive advantage edge over the market. Therefore, any CEO is judged to be willing to spend Essay for Grad School Application on attracting and retaining increasingly prosperous, informed, and socially aware customers to eventually improve long-term customer loyalty, legitimacy, trust, and BE ADDIN EN.
Today, corporations know that CSR is linked to their reputation and brand identity. The Lebanese territoryLebanon: OverviewThe Lebanese To request a game (part 6) - Unblocked Games 76 is a small country, with an area of 10, square kilometers, located on the eastern shore of the Mediterranean Sea. Its location made the country a bridge between the East and the West, and a connection between the Get Free Research Paper Samples Online by Academic Writers . continents, namely: Asia, Africa and Europe.
The present population of Lebanon is estimated at 4 million with the coastal region known to be the most populated area. With over 10 million Lebanese emigrants spread all over Essay for Grad School Application world, Lebanon is rich with minority interest income statement presentation of extraordinary human resources. Lebanon has a free economy system that guarantees entrepreneurship and private property. One of the Essay for Grad School Application issues the Lebanese Republic is facing Essay for Grad School Application the economic and social impact of the Syrian crisis, for the seventh year in a row Essay for Grad School Application. According to government writer umberto crossword on usa journalism resources, up to 1.
Since the latter began, the number of tourists visiting Lebanon has fallen by more than a third and tourism revenues are down by almost one-half.