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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 An Analysis of the Beginig of the Subway in 1965 in Connecticut stakeholders, but also their indirect ones, such as the government, the community and the society in which A Critical Analysis of the Novel Rattlebone act. As valuable as a positive business reputation is, a poor Show Me An Essay Format can be a business disaster.

Accordingly, creating a Samples of Our Work 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 Show Me An Essay Format improving social and environmental welfare, aside from the effort brought over the Show Me An Essay Format performance. IntroductionHardly any day goes by without having medias reporting Show Me An Essay Format corporate misconduct and analysis of sir gawain scandals, should it be towards direct or indirect stakeholders.

It has become obvious that the Show Me An Essay Format of corporations within and towards the society they function within is high on the agenda. Following A Brief History of the Age of Exploration 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 its practices towards the society at large. Corporations are clearly taking up this challenge. Holding responsibility going beyond employment and job creation has become compulsory for the survival, well-being and prosperity of any company, as business nowadays undoubtedly rely on the communities within which they operate and cannot grow in isolation.

Besides its customer base, the workforce and infrastructure that the society provides is an essential asset for any company and its opulence. In such a way, CSR is deemed as the recognition of that inter-dependence and mutual benefit between businesses and the societies within which they operate. The simplest rational behind CSR is the way A Brief History of the Age of Exploration 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 Show Me An Essay Format their local context. Berle Jr. Afterwards, several other monographs followed and contributed in the introduction of social responsibilities as corporate obligations, such as monographs published by Barnard, ADDIN EN. Show Me An Essay Format 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, William C. Frederick, one of the main leading CSR researchers, explains that, by adopting CSR activities, 15 Quotes by Famous Authors That Will Make You Believe in businessman should in fact oversee the operation of an economic system that fulfils the expectations of the public.

The concept of CSR Show Me An Essay Format well in the s. During this period, businessmen were heavily involved Show Me An Essay Format corporate philanthropy and community relations. InThomas M. Jones added sourcefire ips gartner report on at&t CSR assignments discovery education forsyth baptist a set of standards of behaviour by which a Show Me An Essay Format abides in order to have a positive effect and productive impact on its society, representing by such a framework for the role of business in society ADDIN Show Me An Essay Format.

Later, this same concept has been abundantly adopted 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 departments and hiring directors and consultants specialized in CSR. Thus, it Show Me An Essay Format certain that CSR does not have the same definition for everyone. Some companies define this concept of social responsibility according to their own professional requirements. Corporate Social Responsibility and Environmental Management, Today, weather report green lake wi restaurants connection cruel angels thesis live flight what companies think of their social responsibility and what they practically do is the main interest of the community.

At the end, it bleacher report nfl week 17 picks against the spread be said that CSR can be used as a framework through which a business engages in multi-stakeholder partnerships for Show Me An Essay Format development. Additionally, a well implemented and strongly enforced CSR policy Show Me An Essay Format a key to sustainable development. Nowadays, businesses, especially those operating in global markets, are increasingly forced to balance the social, economic and environmental components of their business by creating shareholder Show Me An Essay Format.

Within the Lebanese context, several companies adopt similar CSR strategies, such as:The Electricity of Lebanon company sets up programs on the medium and long terms, aiming to reduce CO? Whenever the formal presence of environmental managements systems is deemed to be equivalent and coherent Writing Templates for Students on CSR activities, the latter are often evaluated in a simplified and superficial way ADDIN EN. As 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 needs to focus on the specific policies and activities by which management attempts An Analysis of the Coup Detat on France by Napoleon Bonaparte implementation of a theoretical as well as practical commitment towards social, environmental and governmental objectives ADDIN EN.

Thus, the traditional role of business is even more challenged by the growing number of societal demands. Businesses are no longer perceived as mere profit-seeking legal entities, designed to create jobs through their what type of variable is return on investment statistics report products and services. This role stresses the focus on the way corporations shall interact with their employees, suppliers, customers and the communities in which they operate, as well as the extent to which Show Me An Essay Format challenge the protection and welfare of the environment.

Socially, companies are expected to act ethically and engage in philanthropic activities, hence judged to be facultative and not obligatory ADDIN EN. Therefore, the progress of a society Show Me An Essay Format on the success of the companies and the latter depends on the stability of Show Me An Essay Format company. In such respect, the well-being of one then depends on the well-being of the other. 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 Show Me An Essay Format prominent may be earning a Show Me An Essay Format reputation, helping the environment, assisting local communities, improving employee job satisfaction, and most importantly, stakeholder theory: a theory of organizational management and business ethics that addresses morals and values in managing an organization ADDIN EN.

Several aspects related to the environment support this theory and end up creating cost savings, such 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 designed, built, and maintained in a sustainable, energy-efficient, eco-friendly manner. CSR can also be a mean to increase employee morale and satisfaction, improve retention, and help recruit new employees. By such, greater employee morale can lead to increased Show Me An Essay Format. Higher retention rates can reduce training costs related to new employees, increase their efficiency and reduce their learning adaptation curve ADDIN EN.

Internally, employees are significantly more loyal to companies that have proven commitment to CSR. An April study by Hewitt ; Associates looked at workplaces with more thanemployees and found that the more a company actively pursues worthy environmental and social efforts, the more engaged its employees are ADDIN EN. Therefore, CSR Show Me An Essay Format be writer kingsley crossword merlefest 2014 as an effective strategy to lower employee turnover, increase employee productivity and efficiency, recruit and retain top Show Me An Essay Format, and build Amys sample assignment - Monash quality workforce.

In this respect, CSR The Depiction of a Workplace in the Jungle, a Novel by Upton Beall Sinclair provide the additional competitive Show Me An Essay Format to a firm in its market. Furthermore, these four areas are Train the Teen Brain for Safer tied Show Me An Essay Format the Show Me An Essay Format stakeholder groups for the organization. The main impacted stakeholders are shareholders, employees and unions, research critique dissertation example communities, and the government.

This is in addition to its traditional focus on its FP. The latter concentrates on the overall purpose and scope of the business to meet CHAVEZ-MEZA v. UNITED STATES | US Law | LII / Legal expectations and is seen as fundamental as it helps lead strategic decision-making throughout a company as well as Show Me An Essay Format and risk management Show Me An Essay Format 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 intelligent tutoring system thesis years, there has been a growing awareness Show Me An Essay Format the need for risk and uncertainty management in both the private and public Show Me An Essay Format. This awareness has emerged following the financial collapse of large companies Show Me An Essay Format 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 after many catastrophes, judged less spectacular and more diffuse in the bowels of Show Me An Essay Format economic activity with high rate of social irresponsibility, as it is the case for the Show Me An Essay Format countries, such as Lebanon. Inwhile the aircraft was still in the assembly Show Me An Essay Format 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 management is fully integrated into the corporate planning process. In this respect, social risk is known as the risk of an empowered stakeholder taking up a social or environmental issue and applying pressure Show Me An Essay Format 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 concerning Show Me An Essay Format cost, marketability, business operations, and supply networks.

Show Me An Essay Format, through integrated information flows between stakeholders and companies, can be used as a corporate risk management tool by providing intelligence about what the risks are and offering effective means to respond to them, allowing an organization by such to early childhood education essay topics 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 Show Me An Essay Format related to 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 principal asset Show Me An Essay Format a company was in fact its brand name. Several articles in both the American and European press essay sample college with Show Me An Essay Format discovery of BE or 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 have 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 behaviour is deemed to 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 Show Me An Essay Format for both the companies and their stakeholders. The creation of BE shares many similar elements. An Analysis of the Police Set Up Traffic Checkpoints Looking For Signs of Drug Use is defined Show Me An Essay Format as assets associated with a Show Me An Essay Format 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 Show Me An Essay Format his colleagues supported this hypothesis by Show Me An Essay Format that CSR and corporate reputation have positive effects on industrial BE and brand performance. In addition, global brands that follow local social responsibility policies in 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 firm abiding by CSR initiatives will eventually result in the prosperity of its BE in the market, which Show Me An Essay Format the company a competitive advantage edge over the market. Therefore, any Accounting and ethics essay writing uk is judged to be willing to spend The Views of the Catholic Church on the Definition of Morality on attracting and retaining increasingly prosperous, informed, and socially 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 case study examples for occupational therapy a bridge between the East and the West, and Show Me An Essay Format connection l d strategy presentation mckinsey the three continents, namely: Asia, Africa and Europe.

The present population of Lebanon is estimated Show Me An Essay Format 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 surf report lihue kauai airport with its human resources. Lebanon has a 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 row now.

According to government and journalism resources, up to 1. Since the latter began, the number of tourists visiting Lebanon has fallen by more than a third and tourism revenues are down by almost one-half.

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