Corporate Social Responsibility Multidimensional Concept Order Instructions: I need an essay in the following subject: Corporate social responsibility (CSR) is a multidimensional concept addressing a range of social, cultural, ethical, economic and political concerns.
Many organisations today have implemented a CSR policy and made its goals and components public, even using it as a marketing and public relations tool, as evidence of the company’s attention to social and ethical issues. Reflect on your experience with cultural, ethical or values-related issues in organisations with which you are familiar. If you have worked for or have experience with an organisation with a corporate social responsibility policy, consider the nature and impact of that policy. Explore the CSR policy statements of one or two large organisations online to examine the key aspects of these policies and the issues they are designed to address. Critically evaluate the concept of CSR and its value for organisations and their stakeholders. Use examples from organisations with which you are familiar, or which you have researched, as appropriate. In formulating your essay, consider the following questions: What are some of the tangible benefits to an organisation that implements a CSR policy? What are some of the tangible costs? What are some of the benefits to an organisation’s stakeholders (staff, vendors, customers, shareholders, communities, the public at large)? What might some of the costs be to certain stakeholders? 1) The answer must raise appropriate critical questions. 3) The answer must include examples from aviation experience or the web with references from relevant examples from real aviation companies.
4) Do include all your references, as per the Harvard Referencing System,
5) Please don’t use Wikipedia web site.
6) I need examples from peer reviewed articles or researches.Note: To prepare for this essay please read the required articles that is attached. Appreciate each single moment you spend in writing my paper
Corporate Social Responsibility Multidimensional Concept Sample Answer
Introduction
Corporate Social Responsibility is failing to deliver on its intent in the business world today. Company’s owners need a new well laid approach that engages the external environment in its initiatives. The only way of achieving this is by incorporating the external engagements into business decisions at all levels. Companies have the task of making contributions to the society if they are to influence persons. This paper seeks the address the importance of CRS and its benefits to the organizations and other entities.
Benefits to an organization that implements a CSR policy and Corporate Social Responsibility Multidimensional Concept
Corporate image describes the theories used by companies and the activities it engages in as perceived by the outside world. Many businesses work towards creating and communicating positive reflections of their shareholders, the general public, customers, and financial community through CRS.
It is imperative to ascertain that even small entities benefit when they embrace the concept of Corporate Social Responsibility in their businesses (Cooper, P 154 2014). Any business eyes making returns in order to stay in the market, but by introducing CRS, businesses turn out to attract more investors, reduce the risks involved, and address the concerns of stakeholders. CRS also benefits the environment to a larger extent.
Some of the tangible costs for Corporate Social Responsibility Multidimensional Concept
By engaging in CRS activities, an airline firm is bound to reduce its inefficiency in capital expenditures and exposure to risks. CRS mitigates the threats and demands of stakeholders presented in an organization through a threshold level that puts in place the environmental performance (Cooper, P 154 2014).
Benefits of CRS to an organization’s stakeholders (staff, vendors, customers, shareholders, communities, and the public at large)
CRS is beneficial to the community in various ways. It plays a role in the development of a community by creating initiatives that help better the lives of a people. It empowers individuals and groups by equipping them and providing skills they need to effect change in their communities. Its initiatives focus towards making a community sustainable (Mærsk, & Schondel P 45 2012). Low fare airlines in its approach to involving the community in its initiatives even as it makes profits opened a free eye clinic in the community aimed at helping those with eye problems.
CRS gives the public at large the benefit of getting better durable and functional products, and creates a better product and services that are renewable. It also integrates the environmental management tools into the organization’s plans, a factor that ensures conservation of the environment (Mærsk, & Schondel P 45 2012).CRS also promotes a firm competitive nature, it loyalty, brand, and its consumer patronage. The program can attract investments, a factor that benefits the organization and its stakeholders.
The costs of CRS to certain stakeholders
To the stakeholders of an organization, low operating costs are prevalent in the event that such an entity integrates CRS into its planning. The organization is also able to get an increase in their sales and in winning their customers loyalty (Korkchi, S. 2010). Improved financial performance, great productivity, and lower operating costs are also an advantage to the stakeholders.
Corporate Social Responsibility Multidimensional Concept Conclusion
The competitive business world requires a proper channeling of all the resources accessible to an organization to socially responsible initiatives. CRS initiatives are, for this reason, beneficial to organizations as well as their stakeholders including the society (Banerjee,& Shastri, P 145 2010). Companies that incorporate this approach of integrating the external engagements into their engagements experience huge profit returns.CRS is, for this reason, integral for any venture in this modern world.
Corporate Social Responsibility Multidimensional Concept Works Cited
BANERJEE, P. M., & SHASTRI, V. (2010). Social responsibility and environmental sustainability in business how organizations handle profits and social duties. New Delhi, Indai, Reponse. http://public.eblib.com/choice/publicfullrecord.aspx?p=592856_0.
COOPER, S. (2014). Corporate Social Performance: a Stakeholder Approach. Aldershot, Ashgate Pub. Group. p 65, 85
MÆRSK, T. V., & SCHONDEL, C. (2012). Corporate social responsibility, coporate reputation og forbrugeradfærd: Et studie i holdning og handling.
KORKCHI, S. (2010). Coporate social responsibility: the limits and dangers with corporate codes of conduct. Saarbrücken, VDM, Verlag Dr. Müller.
