We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Corporate Social Responsibility

essay
The whole doc is available only for registered users

A limited time offer! Get a custom sample essay written according to your requirements urgent 3h delivery guaranteed

Order Now

Corporate social responsibility (CSR), corporate governance (CG), corporate citizenship and triple bottom line (TBL) became more or less synonyms for the emerging effort to determine the meaning of ethical business. In broadest sense, all these agendas aim to translate the complexity and holism of business-society interface into organizational realities and operational settings (Lunheim, 2003)

As a conclusion, it can be stated that the implementation of the CSR agenda imporoved the competitive advantage of the business.
Aspects of CSR
* Internal Dimension
* External Dimension
These aspects are adapted from the European Commission’s Green Paper (Eurpean Comission, 2001); The Dow Jones Sustainability Group Index (Knoepfel, 2001), Mallenbaker (2003) and Kok et al, (2001)

Insights

CSR can serve as a vehicle for business improvement and building of competitive advantage for SMEs.

Questions

What is CSR? CSR is about how companies manage the business processes to produce an overall positive impact on society.

What are the drivers of both initial and continuing SME engagement? Drivers of both initial and continuing SME engagement include personal interest and fulfillment, a desire to implement just good business practice, improved morale and motivation, giving something back to the local community and enhancing business reputation.

What are the main barriers of further engagement? Fear of bureaucracy, time and cost are the main barriers to further engagement, but interestingly this is not the experience of most of the SMEs who are engaged. In other words, barriers tend to be built or perceptions rather than reality.

Applications

In order to run organizations profitably yet in a socially and environmentally responsible way, SMEs run a concept called CSR. This enables to achieve business sustainability and stakeholders satisfaction.

Reference

Knoepfel, I. 2001. Dow Jones Sustainability Group Index: a global benchmark for corporate sustainability, corporate environmental Strategy 8(1): 6-15

Kok P, Van der Wiele T, McKenna R, Brown A. 2001. A corporate social responsibility audit within a quality management framework. Journal of Business Ethics 31: 285-297

Lunheim R. 2003. Operationalising corporate social responsibility. In visions of Ethical Business. FT Prentice-Hall in association with PriceWaterHouseCoopers: London.

Related Topics

We can write a custom essay

According to Your Specific Requirements

Order an essay
icon
300+
Materials Daily
icon
100,000+ Subjects
2000+ Topics
icon
Free Plagiarism
Checker
icon
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access
immediately?

Your Answer Is Very Helpful For Us
Thank You A Lot!

logo

Emma Taylor

online

Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59