Category: Social Responsibility

Though being a comparatively recent addition to the framework of a companys structure, the relational aspect of the stakeholder association with business still deserves being considered one of the most successful and promising innovations in the field of business and management. It is essential that the needs of all stakeholders involved should be taken into…

In todays world economy, there is only one rule that can be applied to a free market: supply and demand. In this case, the free market has nothing to do with corporate social responsibility. Milton Friedmans philosophy was also based on the idea that despite the claims of large companies about their concern for nature,…

The beginning of the 21st century has been thus far marked by a rapid and wide spread of the social justice and environmental sustainability movements. While previously, issues related to human rights and preservation of the environment were considered to lie in the domain of local and national governments, now the focus shifted, to a…

Introduction Corporate social responsibility refers to the commitment towards changing the living standards of communities through discretionary business practices to enhance such improvements. It essentially encompasses the philanthropic model in a voluntary commitment (Baker, 2004). In other words, corporate social responsibility entails the social, economic and environmental considerations linked in business operations and the entire…

When identifying the principles, which the phenomenon of the corporate citizenship is based on, one must admit that values and vision not only constitute an impressive part thereof, but also serve as the foundation for the corporate citizenship. Presupposing that each and every member of the staff should be committed to the companys vision and…

Introduction Daimler Chrysler AG is a German car corporation that is one of the biggest players in the automotive industry in the world. The company was formed through a merger of Daimler-Benz of Germany and Chrysler Corporation of the US. The main aim of the formation of DaimlerChrysler India Pvt. Ltd (DCIPL) was to ensure…

What are the roles of ethics and social responsibility in developing a strategic plan for an energy-related organization? Businesses operate in environments that have external factors that are affected by the operations of the business; businesses in the energy industry are affected by environmental conservation campaigns; they need to uphold ethics in their processes. With…

Nowadays, it became a commonplace practice among many large companies in the West, to take pride in having incorporated the concept of Corporate Social Responsibility (CSR) into the very core of their operational philosophy. This practice, however, cannot be deemed thoroughly justified, because the main conceptual provisions of CSR happened to be utterly inconsistent with…

Businesses operate in environments where they benefit from communities around and far away from the point of business of the company; the success of a business is dependent on how well it is performing in its operating environment. It gets its profits from businesses secured from the external environments; it is thus ethical to give…

The impact of ethical issues on CSR strategies is illustrated in the cases of Starbucks, New Belguim Brewing, and CVS. The case of Starbucks presented in the book by Ferrell, Fraedrich, and Ferrell (2017) refers to the homogenization of the market and the role of employee happiness. According to the chapter, the work of the…