Csr Corporate Social Responsibility - 1507 Words

The concept of CSR (corporate social responsibility), has been around for many years, it has continued to grow in significance and importance. Moreover, there has been a public debate and commentary on the same subject. For instance, (International Journal of Corporate Social Responsibility) argues that CSR has had social-political influence i.e. the political regime, culture and legal systems of many countries around the globe. More companies around the globe in are engaging themselves in CSR activities, as a result, providing more information on social and environmental issues to the mass. According to (Burritt and Schaltegger, 2010; Gurvitish and Sidorova, 2012), in the past, research that considers both CSR reporting and activity has†¦show more content†¦Moreover, According to (PWK – UK, 2014), challenges of evaluating CSR Reports is the line between evaluating the quality of a given report or the quality of the CSR activities. Taking this into consideration, Gri d analysis of this issue is discussed basing on two main cores pillars, that is, quality factors and content factors. As far as Content factors are concerned, it enables the quantitative values to the CSR strategy followed in addition to the activities performed by the company. The main purpose of CSR, is to bring out the good, and in the process make a difference in the community. However, the report also cautions the company against imposing the CSR practice to its employees during implantation of the CSR report, as this would have negative ripple effects to general company operation. This includes: †¢ Cost and workload – just like in any business activity, the cost takes center stage. Implementation of the CSR report is costly, especially to the start-up companies. Moreover, at its initial stage of its implantation, the report requires a lot of manpower. In addition, the report is time-consuming as it requires various tedious planning and troubleshooting that is costly to the company. Social responsibilities have impact on the maximizing on profitability at the company †¢ Business objective – the primary goal of any business company is to maximize the profit. The goal makes it difficultShow MoreRelatedCorporate Social Responsibility And Csr1566 Words   |  7 PagesSocial responsibility or also called Corporate Social Responsibility (CSR)- is the firm’s engagement (voluntarily initiated) in and its compliance (legally mandated) to environmental, social, and governance issues (The Foundation, 2014). Also, is based on stakeholder’s needs being financially sustainable, and CSR can come from both corporate or not-to-profit organizations. CSR has seven categories; Leadership, vision and values; Marketplace activities; Workforce activities; Supply chain activities;Read MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesCorporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiativesRead MoreCorporate Social Responsibility : Csr1232 Words   |  5 PagesCorporate social responsibility has become a buzzword within the industry in the last few years. Following the financial market crash investors and stakeholders began looking at corporations to act more socially responsible. 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This has resulted in the emerging interactions between organizations and social segments thus giving riseRead MoreCorporate Social Responsibility ( Csr )1173 Words   |  5 Pages Corporate Social Responsibility (CSR) is highly important to Millennials. If a company is lacking a CSR plan, now it a good time to start one. Millennials are looking for ways in making a positive impact on the world and are expecting the same from companies. They are looking for companies that contribute to the betterment of communities and the environment. Millennials put great value in supporting such brands, companies and organizations that share these values. Companies without a CSR in placeRead MoreCorporate Social Responsibility : Csr979 Words   |  4 PagesThe notion of Corporate Social Responsibility is a phenomenon globally known for many years. 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