Corporate-Social-Responsibility

GraduateBusinessSchoolStudentname:LILIXUStudentnumber:2837847Faculty:BUSINESSCourse:MAcAccountingSTAGE0Subject:PersonalandProfessionalDevelopmentStudyMode:Fulltime×Part-timeLecturerName:JustinF.KeoganDatedue:14stNovember2013Submittedto:Thoughturnitin.comPlagiarismdisclaimer:Iunderstandthatplagiarismisaseriousoffenceandhavereadandunderstoodthecollegepolicyonplagiarism.IalsounderstandthatImayreceiveamarkofzeroifIhavenotidentifiedandproperlyattributedsourceswhichhavebeenused,referredto,orhaveinanywayinfluencedthepreparationofthisassignment,orifIhaveknowinglyallowedotherstoplagiarisemyworkinthisway.Iherebycertifythatthisassignmentismyownwork;basedonmypersonalstudyand/orresearch,andthatIhaveacknowledgedallmaterialandsourcesusedinitspreparation.IalsocertifythattheassignmenthasnotpreviouslybeensubmittedforassessmentandthatIhavenotcopiedinpartorwholeorotherwiseplagiarisedtheworkofanyoneelse,includingotherstudents.Signed&dated:Pleasenote:StudentsMUSTretainahard/softcopyofALLassignmentsaswellasareceiptissuedandsignedbyamemberofFacultyasproofofsubmission.[PERSONALANDPROFESSIONALDEVELOPMENT]November14,20132GPCIBStagezero|gcdTableofContentsINTRODUCTION...............................................................................................................................3BODYPARAGRAPH.........................................................................................................................4CorporateSocialResponsibility....................................................................................................41.Definition....................................................................................................................................42.RelevantTheoriesorModels....................................................................................................4-ThreeModelsofCorporateSocialResponsibility......................................................................42.1ModelOne:TheTraditionalConflict......................................................................................42.2ModelTwo:CorporateSocialResponsibility.........................................................................4BRINGINTHECASH.................................................................................................................42.3Modelthree:multiplefirmgoals,allcreatedequally.............................................................53.Contributorsofcorporatesocialresponsibility.........................................................................53.1Friedman'sTheoryofCorporateSocialResponsibility..........................................................53.2Otherdifferentvocieaboutcorporatesocialresponsibility....................................................64.Debateovercorporatesocialresponsibility..............................................................................74.1LegalVersusEthicalArguments.............................................................................................74.2Economicperspectives–consumeractivism..........................................................................74.3SocialandEnvironmentperspectives......................................................................................85.Examplesofillustratethetopicinpractice&anythingyouconsidered....................................8CONCLUSION..................................................................................................................................10BIBIOGRAPHY................................................................................................................................11APPENDIX........................................................................................................................................13[PERSONALANDPROFESSIONALDEVELOPMENT]November14,20133GPCIBStagezero|gcdINTRODUCTIONCorporateSocialResponsibility(CSR)hasaprofoundhistoryassociatedwithhowenvironmenthasimpactonorganisation'sbehaviour.Fromthe1950sonthebusinessresponsibilitiestosocietystartedtobecometheprimaryfocus.Inthe1970sbusinessmanagersappliedfortraditionalmanagementfunctionswhendealingwithCSRissues,whileinthe1990sand2000s,theideaofCSRevolved,becamealmostuniversallyapprovedandbecameanimportantstrategicissue.(Moura-Leite&Padgett2011)Inthefollowingcontent,wewilldiscussvariousdefinitionsandtheoriesaboutCSR.ThepurposeofthispassageistogetanewcomprehensiveunderstandingofCSR.Additionally,wewillprioritisethemaincontributorsandidentificationofknownCSRissues.[PERSONALANDPROFESSIONALDEVELOPMENT]November14,20134GPCIBStagezero|gcdBODYPARAGRAPHCorporateSocialResponsibility1.DefinitionCorporateSocialResponsibility(CSR)isintegratedintoabusinessmodelwhoseactivecomplianceiswithinthespiritofthelaw,ethicalstandards,andinternationalnorms.Inaddition,CSRisaprocesswhichencouragesapositiveimpactontheenvironment,consumers,employees,communities,andstakeholdersthroughitsactivitieswhichisusuallyusedbythecompany.AnothersayingaboutCSRisthatitaidsanorganization'smissionaswellasbeingaguid