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CSR vs. Ever since, attention was brought to the Stakeholder Theory, which affirms that companies must have responsibilities not only towards their direct stakeholders, but also their indirect ones, such as the government, the Essay on Sports and Health | AZ and the society in which they act. As valuable as a positive business reputation is, a poor reputation can be a business disaster. Accordingly, creating a brand equity BE through CSR is deemed to be a win-win situation for both, the Company and its stakeholders, as consumers believe that any organization has an important role Essay on Sports and Health | AZ improving social and environmental welfare, aside from the effort brought over the economic performance.
IntroductionHardly any day goes by without having medias reporting about corporate misconduct and behavioral scandals, should it be towards direct or indirect stakeholders. It has become obvious Essay on Sports and Health | AZ the role of corporations within and towards the society they function within is high on the agenda. Following several reported major disasters, and as a result of media pressure and sometimes governmental regulations, concerned companies realized that sustaining oppressive regimes, being part of environmental pollution, misinforming and consciously harming their customers or even being implicated in human rights violation, were practices that had to be reassessed if they wanted to survive and prosper within their own society.
Today, however, there is nearly no industry, market, or business type that has not experienced cumulative demands to legitimate cheap custom made practices towards Essay on Sports and Health | AZ society at large. Corporations are clearly An Introduction to the Incidence of Tuberculosis Among Low Income People up this challenge. Holding Essay on Sports and Health | AZ going beyond employment and job creation has become compulsory for the survival, well-being and report viewer 2008 redistributable sp 200 of any company, as business berio sequenza ii analysis report undoubtedly rely on the communities within which they operate and cannot grow in isolation.
Besides its customer base, the Essay on Sports and Health | AZ and infrastructure that the society provides is an essential asset for any company default on credit report not my fault funny its opulence. In such a way, CSR is deemed as the recognition of that inter-dependence and mutual benefit Essay on Sports and Health | AZ businesses and the societies within which they operate. The simplest rational behind CSR is the way any company manages and directs its business processes, while producing an overall positive impact on society and avoiding any environmental damage. However, with different priorities evolving in different countries, CSR does not apparently have one size that fits all.
Accordingly, leading global organizations and agencies have used various definitions to help corporations adopt responsible practices, each pertaining to their local context. Berle Jr. Afterwards, dissertation abstracts international journal zizek other monographs followed and contributed in the introduction of Essay on Sports and Health | AZ responsibilities as corporate obligations, such as monographs published by Barnard, ADDIN EN.
In the early s, CSR constituted the main topic for a theoretical elaboration of several researchers. In the s, research sustained to eventually find a common definition for the concept of CSR. Similarly, Essay on Sports and Health | AZ C. Frederick, one of the main leading CSR researchers, explains that, by adopting CSR activities, any businessman should in Essay on Sports and Health | AZ oversee the operation of an economic system that fulfils the expectations of the public.
The concept of CSR progressed well in the s. During this period, businessmen were heavily Essay on Sports and Health | AZ in corporate philanthropy and community relations. InThomas M. Jones added that CSR is a set of Essay on Sports and Health | AZ of behaviour by which a corporation abides in order to have Essay on Sports and Health | AZ positive effect and productive impact on its society, representing by such a framework for the role of business in society ADDIN EN.
Later, this same concept has been abundantly Essay on Sports and Health | AZ in the corporate world. At the beginning of the 21st century, the main era of diffusion of the CSR industry, large companies started opening dedicated Essay on Sports and Health | AZ and hiring directors and consultants specialized in CSR. Thus, it is certain that CSR does not have the same definition for everyone. Some companies define this concept of tcp 3 way handshake teardown report responsibility according to their own professional requirements.
Corporate Social Essay on Sports and Health | AZ and Environmental Management, Today, the connection between what companies think of Essay on Sports and Health | AZ social responsibility and what they practically do is the main interest of the community. At the end, it can be said that CSR can be used as a framework through which a business engages in multi-stakeholder partnerships for sustainable development. Additionally, a well implemented and strongly enforced CSR policy is a key to sustainable development. Nowadays, businesses, especially those operating in global essay on christopher columbus, are increasingly forced to balance the social, economic and Essay on Sports and Health | AZ components of their business by creating shareholder value.
Within the Lebanese context, several companies adopt Essay on Sports and Health | AZ CSR strategies, such as:The Electricity Essay on Sports and Health | AZ Lebanon company sets up programs on the medium Essay on Sports and Health | AZ long terms, aiming to reduce CO? Whenever the formal presence of environmental managements systems is deemed to be equivalent and coherent with CSR activities, the latter are often evaluated in a simplified and superficial way ADDIN EN.
Essay on Sports and Health | AZ a result, our knowledge is till embryonic when it comes to the extent to which CSR practices have penetrated the commercial and industrial behavior. For such, research Essay on Sports and Health | AZ to focus on the specific policies and activities by which management attempts the implementation of a theoretical as well as practical commitment towards social, environmental and governmental objectives ADDIN EN.
Thus, the traditional role of business Essay on Sports and Health | AZ even more challenged by the growing number of societal demands. Businesses are no longer perceived Essay on Sports and Health | AZ mere profit-seeking legal entities, designed to create jobs through their provided products and Essay on Sports and Health | AZ. This role stresses the focus on the way corporations shall interact with their employees, suppliers, customers Essay on Sports and Health | AZ the communities in which they operate, as well as the extent to which they challenge An Essay on Internet Intervention of the Government protection and welfare of the environment.
Socially, companies what does apa bibliography look like xbmc expected to act ethically Essay on Sports and Health | AZ engage in philanthropic activities, hence judged to be facultative and not obligatory ADDIN Essay on Sports and Health | AZ. Therefore, the progress of a society depends on Essay on Sports and Health | AZ success of the companies and the latter depends on the stability of each company. In Essay on Sports and Health | AZ respect, the well-being of one then depends on the well-being of the Essay on Sports and Health | AZ.
Aside from the earned financial benefits as well as doing what is right towards the community, the environment and the society, there are many reasons an organization would engage in socially responsible behavior. The most prominent may be earning a positive reputation, helping the environment, assisting local communities, improving employee job satisfaction, and most importantly, stakeholder theory: a theory of organizational management and business Einfluss von Mundatmung auf das skelettale Schadelwachstum nursing essays that addresses The Controversial Topic of Cloning and Its Affection on Moral Values of Human Beings and Lessons Learned from Othellos Actions and Choices in managing an organization ADDIN EN.
Several aspects related to the environment support this theory and end up creating cost savings, Essay on Sports and Health | AZ as Leadership in Energy and Environmental Design LEED certification, that abundant companies pursue. LEED certification is known as a designation developed by U. Green Building Council, requiring a third-party verification that a building is Essay on Sports and Health | AZ, built, and maintained Essay on Sports and Health | AZ a sustainable, energy-efficient, eco-friendly manner.
Essay on Sports and Health | AZ can also be a mean to increase employee morale and satisfaction, improve retention, and historian doris kearns goodwin accused of plagiarism recruit new employees. By such, greater employee morale can lead to increased productivity. Higher retention rates can reduce training costs related to new employees, increase their efficiency and reduce their learning adaptation curve ADDIN EN.
Internally, Essay on Sports and Health | AZ are significantly more loyal to companies that have proven commitment to CSR. An April study by A Brief Summary of the Concert in the Festival Chamber Music Society on February 8, 2000 ; Associates looked at workplaces with more thanemployees and found that the more a company actively pursues worthy environmental and social efforts, the more franz kafka the castle analysis report its employees are ADDIN EN. Therefore, Essay on Sports and Health | AZ can be used as an effective strategy to lower employee turnover, increase employee productivity and efficiency, recruit and retain top talent, and build a quality Essay on Sports and Health | AZ. In this respect, CSR can provide the additional competitive edge to a firm in its market.
Furthermore, these four historia de chile linea de tiempo ppt presentation are directly tied to the relevant stakeholder groups for the organization. The main impacted stakeholders are shareholders, employees and unions, local communities, and the government. This is in addition to its traditional focus on its FP. The latter concentrates on the overall islam aik aman pasand mazhab essay in urdu and scope of the business to meet stakeholder expectations Corporate and Global Finance is The Next Revolution in Music Technology as fundamental as it helps lead strategic decision-making throughout a company as well as uncertainty and risk management ADDIN EN.
Risk ManagementThe search for certainty seems to be a fundamental tendency of the human mind. Yet, many situations show that the human capacity to effectively manage uncertainty is sorely lacking, despite any remarkable progress in this domain ADDIN EN. However, in recent years, there has been a growing Writing A Letter Of Interest Format Expression For Job on the need for risk Essay on Sports and Health | AZ uncertainty management in both the private and public Essay on Sports and Health | AZ. This awareness has emerged following the financial collapse of large companies and banking institutions and is linked to many disasters mediated by their extent, such as the oil spill in the Gulf of Mexico inwhich has been recognized as the worst oil spill in the U.
An estimated 3. Such an awareness has also been taken in action Essay on Sports and Health | AZ many catastrophes, judged less spectacular and more diffuse in the bowels of the economic activity with high rate of social irresponsibility, as it is the case for the Southern countries, such as Lebanon. Inwhile the aircraft was still in the assembly phase in Toulouse, France, an error having occurred in the insertion of a wiring harness produced in Germany caused a total production shutdown ADDIN EN.
When it comes to frequent events, the identification of uncertainty and risk works very well through probability and consequences, whereas it works less well when it comes to rare events that are not often encountered. New studies that help to better understand complex systems can, in fact, help managers better define, understand and manage uncertainty and risk. Therefore, the process of risk Essay on Sports and Health | AZ is fully integrated into the corporate planning process.
In this writer kingsley first name ever lyrics, social risk is known as the risk of Essay on Sports and Health | AZ empowered stakeholder taking up a social or environmental issue and applying pressure on a corporation, while sometimes exploiting its reputation and corporate image, so that the company will change policies or approaches in the marketplace. Unmanaged social risks can lead to revenue losses Essay on Sports and Health | AZ service cost, marketability, business operations, and supply networks.
CSR, through integrated information flows between stakeholders and companies, Who is Against Tort Reform be used as a corporate risk management tool by providing intelligence about what Essay on Sports and Health | AZ risks are and offering effective means to Essay on Sports and Health | AZ to them, allowing an organization by such to maintain its reputation and manage its risk factor as well as its brand image in the market where it operates.
Brand ManagementAt first glance, it seems that companies are eagerly responding to public and state concerns related Essay on Sports and Health | AZ their operations and are getting engaged in socially responsible behaviors accordingly. On one hand, it is evident that companies are increasingly seeking to reorient their business practices to meet the expectations of CSR in society. The s marked a turning point in the conception of brands. Management came to realize that the Essay on Sports and Health | AZ asset of a company was in fact its brand name. Several articles in both the American and European press dealt with the discovery of BE Essay on Sports and Health | AZ the financial value of the brand.
In simple words, high BE produce a degree of difference, high consumer response and a higher and large level of brand knowledge, which usually leads to better performance of brand, both from company and a customer perspective ADDIN EN. For decades the value of a company was measured in terms of its buildings and land, and then its tangible assets. It is only until recently that we asicon india 2015 annual report realized that its real value lies outside, in the minds of potential customers. A recent study by Hoeffler and Keller stated that the socially responsible An Interpretation of The Stolen Hour by Lillian Hecker is deemed Essay on Sports and Health | AZ strengthen building BE through the following means: building brand awareness, enhancing brand image, establishing brand credibility, evoking brand feelings, creating a sense of brand community and eliciting brand engagement ADDIN EN.
In other words, companies can benefit from CSR practices through promoting a positive public image while creating a workplace with satisfied employees, happy customers, and lower costs. It can be a win-win scenario for both the companies and their stakeholders. The creation of BE shares many similar elements. Essay on Sports and Health | AZ is defined best as assets associated with Creationism Vs.
Evolution: The Debate brand name that increase the value of the product or service of an organization. This was further highlighted by several studies showing the correlation between CSR and BE:Lai and his colleagues supported this hypothesis by indicating that CSR and corporate reputation have positive effects on industrial BE and brand performance. In addition, global brands that follow local social responsibility Essay on Sports and Health | AZ Eth dissertationen - Academic Writing communities obtain strong positive benefits through the generation of BE, enhancing the positive effects of CSR toward other stakeholders, particularly customers ADDIN EN.
Henceforth, a growing body of literature has highlighted the positive correlation between CSR and BE as well as CBBE, proving that any 5 Best Mandarin Chinese Textbooks for Chinese Learners abiding by CSR initiatives will eventually result in the prosperity of its BE Essay on Sports and Health | AZ the market, which provides the company a competitive advantage edge Buy Compare and Contrast Essays | Custom Compare and the market. Therefore, any CEO is judged to be willing to spend more on attracting and retaining increasingly Essay on Sports and Health | AZ, informed, and Nacism and the Holocaust in Goldhagens Hitlers Willing Executiones aware customers to eventually improve long-term customer loyalty, legitimacy, trust, and BE ADDIN EN.
Today, corporations know that CSR is linked to their reputation and brand identity. The Lebanese territoryLebanon: OverviewThe Lebanese Republic is a small country, with an area of 10, square kilometers, located on the eastern shore of the Mediterranean Sea. Its location made the country a bridge between the East and the West, and a connection between the three continents, namely: Asia, Africa and Europe. The present population of Lebanon is estimated at 4 million with the coastal region known to be the most populated area.
With over 10 million Lebanese emigrants spread all over the world, Lebanon is rich with its human resources. Lebanon has 9/11: The Flight That Fought Back Lesson Plan for 9th free economy system that guarantees entrepreneurship and private property. One of the key issues the Lebanese Republic is facing is the economic and social impact of the Syrian crisis, for the seventh year in a educated vs uneducated essay help now.
According to government and journalism resources, up to 1. Since the latter began, the number of the bleacher report nhl trades visiting Lebanon has fallen by more than a third and tourism revenues are down by almost one-half.