The document discusses corporate social responsibility (CSR), outlining its definition, purpose, drivers, and different strategies and approaches companies can take toward CSR. It notes that CSR provides win-win opportunities for companies, investors, and society by allowing companies to treat stakeholders ethically while addressing social and environmental issues. The document also discusses arguments for and against CSR, limitations to current approaches, and some organizations working in the CSR field.
Corporate Social Responsibility (CSR) refers to businesses operating ethically and sustainably to improve lives and society. Businesses need to be socially responsible for long term survival, public expectations, goodwill, laws and regulations, and a better operating environment. CSR models include Ackerman's awareness-planning-implementation stages and Carroll's economic-legal-ethical-discretionary responsibilities. CSR levels range from social opposition to social contribution. Main social responsibilities of businesses are to generate profit, employment, utilize resources, provide quality products and protect the environment. In India, companies like NTPC, BPCL, ACC, and Infosys demonstrate CSR through practices like community development, village adoption programs, education/health initiatives
Embedding CSR in the Corporate DNA: Dec 2013Sasin SEC
This document discusses how to embed corporate social responsibility (CSR) mindset into an organization. It outlines that all stakeholders must be considered with varying priorities that change over time based on business growth. CSR provides benefits to both the organization and stakeholders through initiatives that address social and environmental issues while also helping the company's operations and growth. The document advocates for a balanced CSR strategy that provides both direct benefits like cost reductions as well as indirect benefits such as brand awareness and community engagement. It also warns against "hazardous" CSR that lacks clear benefits or linkage to the business.
This document discusses corporate social responsibility (CSR). It defines CSR as considering society's interests by taking responsibility for business activities' impacts on stakeholders and the environment. The document outlines how CSR is linked to sustainable growth and recognizes the need to manage stakeholder relationships and minimize negative impacts. It also discusses developing a CSR program with four pillars focusing on the marketplace, workplace, environment and community. The benefits of CSR to companies include improved access to capital, brand image, sales, and employee retention while addressing issues like responsible sourcing and stakeholder engagement.
The document contrasts an old model of corporate social responsibility with a new model. The old model involved top-down cash donations and greenwashing, while the new model focuses on providing resources and expertise, consulting communities and staff, making verifiable environmental commitments, supporting local initiatives through collaboration with others to have a greater impact. The new model takes a bottom-up approach to social value and corporate social responsibility.
The Friedman (3'd man) 3D model for M&A analysis includes the various threats that lead to M&A failure, and a 3D model that allows you to control for them...
The document discusses corporate social responsibility and proposes a CSR plan for Eastern Products (Pvt) Limited, a tea and soap company in Pakistan. It recommends that the company invest 1% of its annual gross profit of 4 billion rupees, or 40 million rupees, into a "Zindagi Bachao" campaign to provide food, water, medical aid, and transportation assistance to people affected by drought in Thar, Pakistan. The proposed CSR activities would help the company maintain its brand image while addressing environmental and social issues.
Friedman vs Carroll Corporate Social Responsibility & OutsourcingAndrew Olsen
The document discusses and critiques Milton Friedman's view that the sole social responsibility of business is to increase profits for shareholders. It argues that Friedman fails to consider how business decisions can impact other stakeholders like employees, communities, and customers. Outsourcing labor solely to cut costs ignores these impacts and can damage productivity, reputation, and relationships over time. While increasing profits is important, the document advocates for a balanced view of corporate social responsibility that considers all stakeholders.
The document discusses corporate social responsibility (CSR), outlining its definition, purpose, drivers, and different strategies and approaches companies can take toward CSR. It notes that CSR provides win-win opportunities for companies, investors, and society by allowing companies to treat stakeholders ethically while addressing social and environmental issues. The document also discusses arguments for and against CSR, limitations to current approaches, and some organizations working in the CSR field.
Corporate Social Responsibility (CSR) refers to businesses operating ethically and sustainably to improve lives and society. Businesses need to be socially responsible for long term survival, public expectations, goodwill, laws and regulations, and a better operating environment. CSR models include Ackerman's awareness-planning-implementation stages and Carroll's economic-legal-ethical-discretionary responsibilities. CSR levels range from social opposition to social contribution. Main social responsibilities of businesses are to generate profit, employment, utilize resources, provide quality products and protect the environment. In India, companies like NTPC, BPCL, ACC, and Infosys demonstrate CSR through practices like community development, village adoption programs, education/health initiatives
Embedding CSR in the Corporate DNA: Dec 2013Sasin SEC
This document discusses how to embed corporate social responsibility (CSR) mindset into an organization. It outlines that all stakeholders must be considered with varying priorities that change over time based on business growth. CSR provides benefits to both the organization and stakeholders through initiatives that address social and environmental issues while also helping the company's operations and growth. The document advocates for a balanced CSR strategy that provides both direct benefits like cost reductions as well as indirect benefits such as brand awareness and community engagement. It also warns against "hazardous" CSR that lacks clear benefits or linkage to the business.
This document discusses corporate social responsibility (CSR). It defines CSR as considering society's interests by taking responsibility for business activities' impacts on stakeholders and the environment. The document outlines how CSR is linked to sustainable growth and recognizes the need to manage stakeholder relationships and minimize negative impacts. It also discusses developing a CSR program with four pillars focusing on the marketplace, workplace, environment and community. The benefits of CSR to companies include improved access to capital, brand image, sales, and employee retention while addressing issues like responsible sourcing and stakeholder engagement.
The document contrasts an old model of corporate social responsibility with a new model. The old model involved top-down cash donations and greenwashing, while the new model focuses on providing resources and expertise, consulting communities and staff, making verifiable environmental commitments, supporting local initiatives through collaboration with others to have a greater impact. The new model takes a bottom-up approach to social value and corporate social responsibility.
The Friedman (3'd man) 3D model for M&A analysis includes the various threats that lead to M&A failure, and a 3D model that allows you to control for them...
The document discusses corporate social responsibility and proposes a CSR plan for Eastern Products (Pvt) Limited, a tea and soap company in Pakistan. It recommends that the company invest 1% of its annual gross profit of 4 billion rupees, or 40 million rupees, into a "Zindagi Bachao" campaign to provide food, water, medical aid, and transportation assistance to people affected by drought in Thar, Pakistan. The proposed CSR activities would help the company maintain its brand image while addressing environmental and social issues.
Friedman vs Carroll Corporate Social Responsibility & OutsourcingAndrew Olsen
The document discusses and critiques Milton Friedman's view that the sole social responsibility of business is to increase profits for shareholders. It argues that Friedman fails to consider how business decisions can impact other stakeholders like employees, communities, and customers. Outsourcing labor solely to cut costs ignores these impacts and can damage productivity, reputation, and relationships over time. While increasing profits is important, the document advocates for a balanced view of corporate social responsibility that considers all stakeholders.
Social Responsibility + Profits - FriedmanLisaLisa10
The document analyzes Milton Friedman's statement that "the social responsibility of business is to increase its profits" from 1970. It argues that while businesses should aim to increase profits, a synergistic approach that considers stakeholders' interests can benefit both society and corporations. Taking social and environmental factors into account does not inherently reduce profits and can help build goodwill. A business operates interdependently with its environment and should engage in socially responsible activities that create future value for all parties.
Friedman's stages of growth model outlines four distinct stages of regional economic development: (1) pre-industrial, (2) transitional, (3) industrial, and (4) post-industrial. The model depicts how areas evolve from isolated peripheries into interconnected core regions with advanced technology and self-sufficient local economies through sustained economic growth over time.
Milton Friedman's Monetary History of the United States provided empirical evidence that crushed the Keynesian model, showing through data that "inflation is always and everywhere a monetary phenomenon." The document discusses how Friedman concluded that money supply, not just government spending, is a key driver of economic activity and inflation. It also outlines Friedman's restatement of the quantity theory of money in his money demand function, which models the demand for money based on price level, real income, and interest rates on bonds, equity, and durable goods.
Friedman vs Carroll, Social responsibility and Ethics in Strategic ManagementAdepitan Fasoro
The document summarizes the views of Milton Friedman and Archie Carroll on corporate social responsibility. Friedman argues that the sole social responsibility of business is to increase profits for shareholders within legal bounds. Carroll proposes that businesses have economic, legal, ethical and discretionary responsibilities, with economic responsibilities being the primary concern. The document also provides examples of companies that follow Friedman's view of focusing solely on profits, as well as examples of companies that demonstrate Carroll's view of broader corporate social responsibilities.
The Social Responsibility Of Business by Milton FriedmanHector Rodriguez
Milton Friedman argued in a 1970 New York Times article that a business's sole purpose is to generate profit for shareholders. He claimed that adopting "responsible" attitudes would constrain companies and make them less competitive. Friedman argued that acting in a socially responsible way, such as reducing pollution beyond profit-maximizing levels, amounts to executives acting as public employees by allocating corporate money to social causes rather than shareholders. However, others disagreed with Friedman's view, including the president of Quaker Oats, who said profit is not the only purpose of a business and that companies must consider returns on all assets, including natural resources.
Challenges Of Corporate Social ResponsibilityElijah Ezendu
Issues in development of workable corporate social responsibility strategy and resolution of awe-inspiring stance for championing effective governance.
Change Management Made Easier - Know Your Stakeholders: Create advocates within your organization by understanding the motivations of your internal customers.
This document discusses corporate social responsibility (CSR). It defines CSR as businesses fulfilling their duty to care for society and integrating social and environmental concerns into their operations. International organizations see CSR as companies voluntarily managing processes to have an overall positive societal impact. Benefits of CSR include winning new business, attracting employees, and enhancing reputation. The document outlines CSR initiatives focused on markets, products, employees, society, and the environment. While some argue CSR lowers profits, others say it balances corporate power, discourages regulation, and promotes long-term profits. Guidelines are provided for practical CSR application.
Corporate Social Responsibility (CSR) refers to voluntary actions that businesses take to operate in an economically, socially, and environmentally sustainable manner. CSR acknowledges that companies have a responsibility to various stakeholders, including employees, customers, investors, communities, and the environment. CSR involves businesses integrating social and environmental concerns into their operations and interactions with stakeholders on a voluntary basis.
Corporate Social Responsibility CSR PowerPoint Templates24point0
This ready-to-use PowerPoint Corporate Social Responsibility template is designed to seamlessly fit into your CSR-related presentation. This 11-slide editable PowerPoint template covers the key external drivers of Corporate Social Responsibility for any organization; its 4 main components; corporate philanthropy implications; methods of implementing CSR and the 3 accepted models of CSR. Carroll's Four Part Model, Intersecting Circles (IC) Model and the Concentric Circles (CON) Model are presented in separate slides to explain different approaches to corporate social responsibility.
Download this editable PowerPoint Template from http://www.24point0.com/ppt-shop/corporate-social-responsibility-template-powerpoint
There are two main theories of stakeholder management: Milton Friedman's theory that only shareholders matter, and Freeman's theory that all stakeholder groups are important to manage. Freeman argued that identifying and managing stakeholders is important for a corporation's consent to operate from the community. Key stakeholder groups include investors, employees, suppliers, customers, and governments. Effective stakeholder management involves identifying stakeholder groups, their interests, and priorities; communicating with them through appropriate channels; and integrating stakeholder analysis into strategic planning and issues management.
Corporate social responsibility (CSR) refers to how businesses negotiate their role in society, while business ethics examines morally appropriate behaviors. While related, CSR does not guarantee ethical behavior. Interest in CSR is growing as companies are increasingly rated on social criteria. Companies engage in CSR to meet public expectations, hire and retain employees, and improve performance. Activities range from profit-maximizing to integrating social objectives into business goals. Businesses are developing global ethics through codes of conduct, certification, and following global standards to create consistent rules and reduce uncertainties in interconnected markets. Challenges include rules reflecting powerful interests and inhibiting innovation and adaptation to globalization.
The document discusses the concepts of corporate social responsibility (CSR), social responsiveness, and social performance. It provides definitions and frameworks for understanding a company's responsibilities and obligations to society beyond profit and legal compliance. Carroll's four-part definition of CSR as encompassing economic, legal, ethical, and discretionary expectations is discussed.
The document describes Carroll's Pyramid of Social Responsibility, which presents four types of responsibilities for businesses: economic, legal, ethical, and philanthropic. It places economic responsibilities at the base as the foundation, with legal, ethical, and philanthropic responsibilities ascending higher up the pyramid. The pyramid provides a framework for understanding a business' evolving responsibilities to society.
The pyramid of corporate social responsibilityNimantha Perera
The document describes Carroll's Pyramid of Corporate Social Responsibility, which depicts CSR as having four levels or types of responsibilities: economic, legal, ethical, and philanthropic. The pyramid establishes that economic responsibilities form the base as they are fundamental to business survival. Legal responsibilities are second as businesses must obey all laws. Ethical responsibilities are third and require businesses to do what is right and avoid harm. The top level, philanthropic responsibilities, involves businesses being good corporate citizens through community contributions. The pyramid illustrates that these responsibilities are interrelated and can conflict, such as economic priorities versus ethical or philanthropic obligations.
This document provides an introduction to corporate social responsibility (CSR), including a definition, reasons for adopting CSR programs, potential objections to CSR, and how CSR programs can be communicated and reported. It discusses the business advantages of CSR in areas like human resources, risk management, and brand differentiation. It also presents alternative viewpoints on CSR and considers frameworks for CSR reporting, including using triple bottom line accounting and standards from organizations like the Global Reporting Initiative.
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can integrate social and environmental concerns into their business operations and interactions with stakeholders.
Stakeholder analysis is used to identify an organization's stakeholders, assess how they may be impacted by or influence the organization, and develop strategies for managing stakeholder relationships. The document defines stakeholders as any person or group that can be positively or negatively affected by an organization's actions. It then discusses different frameworks for categorizing stakeholders, such as internal vs. external, primary vs. secondary, and mapping stakeholders based on attributes like power, interests, and urgency. Performing a stakeholder analysis helps an organization develop strategies to meet stakeholder needs and create value, thereby gaining acceptance and managing risks from stakeholders.
The document is a schedule for films playing at the Cannes Film Festival. It lists films playing in the main competition at the Grand Theatre Lumiere as well as films in the Un Certain Regard selection playing at the Debussy Theatre. The schedule provides titles, directors, run times and multiple showtimes for each day of the festival. It also notes special ceremonies like the opening and closing ceremonies.
Social Responsibility + Profits - FriedmanLisaLisa10
The document analyzes Milton Friedman's statement that "the social responsibility of business is to increase its profits" from 1970. It argues that while businesses should aim to increase profits, a synergistic approach that considers stakeholders' interests can benefit both society and corporations. Taking social and environmental factors into account does not inherently reduce profits and can help build goodwill. A business operates interdependently with its environment and should engage in socially responsible activities that create future value for all parties.
Friedman's stages of growth model outlines four distinct stages of regional economic development: (1) pre-industrial, (2) transitional, (3) industrial, and (4) post-industrial. The model depicts how areas evolve from isolated peripheries into interconnected core regions with advanced technology and self-sufficient local economies through sustained economic growth over time.
Milton Friedman's Monetary History of the United States provided empirical evidence that crushed the Keynesian model, showing through data that "inflation is always and everywhere a monetary phenomenon." The document discusses how Friedman concluded that money supply, not just government spending, is a key driver of economic activity and inflation. It also outlines Friedman's restatement of the quantity theory of money in his money demand function, which models the demand for money based on price level, real income, and interest rates on bonds, equity, and durable goods.
Friedman vs Carroll, Social responsibility and Ethics in Strategic ManagementAdepitan Fasoro
The document summarizes the views of Milton Friedman and Archie Carroll on corporate social responsibility. Friedman argues that the sole social responsibility of business is to increase profits for shareholders within legal bounds. Carroll proposes that businesses have economic, legal, ethical and discretionary responsibilities, with economic responsibilities being the primary concern. The document also provides examples of companies that follow Friedman's view of focusing solely on profits, as well as examples of companies that demonstrate Carroll's view of broader corporate social responsibilities.
The Social Responsibility Of Business by Milton FriedmanHector Rodriguez
Milton Friedman argued in a 1970 New York Times article that a business's sole purpose is to generate profit for shareholders. He claimed that adopting "responsible" attitudes would constrain companies and make them less competitive. Friedman argued that acting in a socially responsible way, such as reducing pollution beyond profit-maximizing levels, amounts to executives acting as public employees by allocating corporate money to social causes rather than shareholders. However, others disagreed with Friedman's view, including the president of Quaker Oats, who said profit is not the only purpose of a business and that companies must consider returns on all assets, including natural resources.
Challenges Of Corporate Social ResponsibilityElijah Ezendu
Issues in development of workable corporate social responsibility strategy and resolution of awe-inspiring stance for championing effective governance.
Change Management Made Easier - Know Your Stakeholders: Create advocates within your organization by understanding the motivations of your internal customers.
This document discusses corporate social responsibility (CSR). It defines CSR as businesses fulfilling their duty to care for society and integrating social and environmental concerns into their operations. International organizations see CSR as companies voluntarily managing processes to have an overall positive societal impact. Benefits of CSR include winning new business, attracting employees, and enhancing reputation. The document outlines CSR initiatives focused on markets, products, employees, society, and the environment. While some argue CSR lowers profits, others say it balances corporate power, discourages regulation, and promotes long-term profits. Guidelines are provided for practical CSR application.
Corporate Social Responsibility (CSR) refers to voluntary actions that businesses take to operate in an economically, socially, and environmentally sustainable manner. CSR acknowledges that companies have a responsibility to various stakeholders, including employees, customers, investors, communities, and the environment. CSR involves businesses integrating social and environmental concerns into their operations and interactions with stakeholders on a voluntary basis.
Corporate Social Responsibility CSR PowerPoint Templates24point0
This ready-to-use PowerPoint Corporate Social Responsibility template is designed to seamlessly fit into your CSR-related presentation. This 11-slide editable PowerPoint template covers the key external drivers of Corporate Social Responsibility for any organization; its 4 main components; corporate philanthropy implications; methods of implementing CSR and the 3 accepted models of CSR. Carroll's Four Part Model, Intersecting Circles (IC) Model and the Concentric Circles (CON) Model are presented in separate slides to explain different approaches to corporate social responsibility.
Download this editable PowerPoint Template from http://www.24point0.com/ppt-shop/corporate-social-responsibility-template-powerpoint
There are two main theories of stakeholder management: Milton Friedman's theory that only shareholders matter, and Freeman's theory that all stakeholder groups are important to manage. Freeman argued that identifying and managing stakeholders is important for a corporation's consent to operate from the community. Key stakeholder groups include investors, employees, suppliers, customers, and governments. Effective stakeholder management involves identifying stakeholder groups, their interests, and priorities; communicating with them through appropriate channels; and integrating stakeholder analysis into strategic planning and issues management.
Corporate social responsibility (CSR) refers to how businesses negotiate their role in society, while business ethics examines morally appropriate behaviors. While related, CSR does not guarantee ethical behavior. Interest in CSR is growing as companies are increasingly rated on social criteria. Companies engage in CSR to meet public expectations, hire and retain employees, and improve performance. Activities range from profit-maximizing to integrating social objectives into business goals. Businesses are developing global ethics through codes of conduct, certification, and following global standards to create consistent rules and reduce uncertainties in interconnected markets. Challenges include rules reflecting powerful interests and inhibiting innovation and adaptation to globalization.
The document discusses the concepts of corporate social responsibility (CSR), social responsiveness, and social performance. It provides definitions and frameworks for understanding a company's responsibilities and obligations to society beyond profit and legal compliance. Carroll's four-part definition of CSR as encompassing economic, legal, ethical, and discretionary expectations is discussed.
The document describes Carroll's Pyramid of Social Responsibility, which presents four types of responsibilities for businesses: economic, legal, ethical, and philanthropic. It places economic responsibilities at the base as the foundation, with legal, ethical, and philanthropic responsibilities ascending higher up the pyramid. The pyramid provides a framework for understanding a business' evolving responsibilities to society.
The pyramid of corporate social responsibilityNimantha Perera
The document describes Carroll's Pyramid of Corporate Social Responsibility, which depicts CSR as having four levels or types of responsibilities: economic, legal, ethical, and philanthropic. The pyramid establishes that economic responsibilities form the base as they are fundamental to business survival. Legal responsibilities are second as businesses must obey all laws. Ethical responsibilities are third and require businesses to do what is right and avoid harm. The top level, philanthropic responsibilities, involves businesses being good corporate citizens through community contributions. The pyramid illustrates that these responsibilities are interrelated and can conflict, such as economic priorities versus ethical or philanthropic obligations.
This document provides an introduction to corporate social responsibility (CSR), including a definition, reasons for adopting CSR programs, potential objections to CSR, and how CSR programs can be communicated and reported. It discusses the business advantages of CSR in areas like human resources, risk management, and brand differentiation. It also presents alternative viewpoints on CSR and considers frameworks for CSR reporting, including using triple bottom line accounting and standards from organizations like the Global Reporting Initiative.
The document provides an outline for a lecture on corporate social responsibility (CSR). It discusses the types and nature of social responsibilities, CSR principles and strategies, models of CSR, best practices, the need for CSR, and arguments for and against CSR. Examples of CSR programs and initiatives from companies like Tesco, Vodafone, and HSBC are also summarized. The document aims to educate about the concept of CSR and how companies can integrate social and environmental concerns into their business operations and interactions with stakeholders.
Stakeholder analysis is used to identify an organization's stakeholders, assess how they may be impacted by or influence the organization, and develop strategies for managing stakeholder relationships. The document defines stakeholders as any person or group that can be positively or negatively affected by an organization's actions. It then discusses different frameworks for categorizing stakeholders, such as internal vs. external, primary vs. secondary, and mapping stakeholders based on attributes like power, interests, and urgency. Performing a stakeholder analysis helps an organization develop strategies to meet stakeholder needs and create value, thereby gaining acceptance and managing risks from stakeholders.
The document is a schedule for films playing at the Cannes Film Festival. It lists films playing in the main competition at the Grand Theatre Lumiere as well as films in the Un Certain Regard selection playing at the Debussy Theatre. The schedule provides titles, directors, run times and multiple showtimes for each day of the festival. It also notes special ceremonies like the opening and closing ceremonies.
The document contains a schedule and information for a day at Marineland, a marine animal park. The schedule lists times for various animal shows throughout the day featuring dolphins, sea lions, killer whales, polar bears and other animals. It also includes locations and times for educational presentations on the animals. Additional information is provided on ticket upgrades that include beach and pool access near the dolphins, as well as restaurant locations and prices.