Preview

Corporate social responsibility

Powerful Essays
Open Document
Open Document
3678 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Corporate social responsibility
9th November, 2013

ACKNOWLEDGEMENT

For the preparation of this paper, we are indebted and there by express our sense of appreciation to Dr.Than Win, Principal of National Management College, Daw Khin Aye Win, Managing Director of STI and Saya U Naing Bwar for their kind assistance.

Participants of Group (9)
1. Eaint Kyi Phyu Khin {R.C No.70}
2. Thet Twe Tar {R.C No.1 }
3. Phoo Phoo Pyae San {R.C No.5 }
4. Yoon Wint Wint Hlaing {R.C No.12}
5. Thitsar Su Mon {R.C No.77}
6. Yin Min Aung {R.C No.53}
7. Yin Myo Thant {R.C No.24}
8. Hnin Wit Yee Thein {R.C No.64}
9. Hnin Wit Yee Thant {R.C No.10}
10. Tar Yar Lin Lat {R.C No.72}

CONTENTS

Page No.

1. Introduction 3

2. Corporate Social Responsibility

-What is corporate social responsibility 4

-Some arguments for CSR 4

-Importance of CSR and its advantages 6

3. Blended Value 8

4. Social Auditing 8

5. Ethical Responsibility

-What are ethics? 9

-Benefits of ethical responsibility 10

-Effects of ethical responsibility 10 -How can promote ethical behavior? 11

6. Conclusion 13

Introduction

Today, it is widely recognized that corporations are actors that must have responsibilities as to how they conduct their business. This concept has been around for couple of decades already, however only lately it has started to be given the applicable recognition by corporation themselves and the individuals. At the same time, what are getting along with corporate social responsibilities are ethical responsibilities, which had been emerged before the rising of corporate social responsibilities. This term-paper will define what ethical and corporate social responsibilities of business people. Corporate social responsibility (CSR) is also known as corporate conscience, corporate citizenship,

You May Also Find These Documents Helpful

  • Satisfactory Essays

    From the case study and the e-Activity, determine two (2) key reasons why people value the customer service that Nordstrom provides. Examine Nordstrom’s current corporate social responsibility activities, and suggest one (1) additional action that the company could take to further strengthen its corporate social responsibility efforts.…

    • 493 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Ethics are principles that are kept throughout one’s life so that he/she maintains a respectable level of honest value. Based on my moral outlook on life, my view of ethics may differ to that of many in this class. The reason for that is ethics partially depends on the individual feelings of a given situation. For example, some cultures believe that it’s unethical to have multiple partners, but in other cultures, you find that this is the norm. Morals and values are the framework to having and understanding ethics. Morals and values are the drivers that help us to do what’s right when making a decision. This paper explores a scenario that involves Business decisions and how ethics, morals, and values affect them.…

    • 1091 Words
    • 5 Pages
    Better Essays
  • Better Essays

    Ethics and moral obligation are something that we all encounter at one time or another. Even in a professional setting, all persons should act in a manner that would uphold the good of society. Why is it that good, ethical and moral behavior is not always adhered to? Is it because some people do not understand ethics and what it means to be ethical? To be ethical, one has to decide between right and wrong, determine what is for the betterment of society and act accordingly. Ethics have three basic criteria that must be met – obligations, moral ideas, and consequences (Ruggiero, 2004). Businesses have their own code of ethics and the individuals within that business have to determine whether or not they will follow that code of ethics. Ethical behavior in business is consistent with the principles, norms, and standards of business practice that have been agreed upon by society (Trevino & Nelson, 2004). At times, however, an individual decides to go against the code of ethical behavior for personal gain. This was just the case in the article researched by Team A.…

    • 2854 Words
    • 12 Pages
    Better Essays
  • Powerful Essays

    Tympass

    • 7553 Words
    • 31 Pages

    “Raising Awareness on Cleanliness Through Children and Art” Theme: “A Clean Community Starting from US ” Ban Sengsavang Village, Vientiane, Laos Hungry, Hurry, Happy Members: 1. Ms. Ling Fei Wen 2. Ms. Vannacharoen, Pilailak 3.…

    • 7553 Words
    • 31 Pages
    Powerful Essays
  • Powerful Essays

    As recently as a decade ago, many peoples,companies or organizations viewed ethics,social responsibility,business ethics only in terms of administrative compliance with legal standards and adherence to internal rules and regulations. Today the situation is different. Attention to them is on the rise across the world and many companies or organizations realize that in order to succeed, they must earn the respect and confidence of their customers. Like never before, corporatons are being asked, encouraged and prodded to improve their business practices to emphasize legal and ethical behavior. Companies, professional firms and individuals alike are being held increasingly accountable for their actions, as demand grows for higher standards of corporate social responsibility. This essay will define about ethics,social responsibiliy and show how it is going on and how it is importance to manager and global business.…

    • 1636 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    In recent years, the concept of ethics and social responsibility are essential in the business world as society is increasingly paying attention on the social responsibility of the companies and the ethics of their managers. According to Post et al (1996), ethics refers to standards of behaviour and moral judgement differentiating right from wrong. In addition, Bartol et al (2003) defined managerial ethics as “standards of conduct and moral judgement managers’ use conducting their business”. The objective of this essay is to analyze the relationship between ethics and corporate social responsibility (CSR). It will start with the principle concept of ethics, business ethics, and corporate social responsibility; the important of ethics in CSR that corporations should comply with; and comparing the two case studies of corporations that adopted CSR and managerial ethics.…

    • 2619 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Many ask the question that why companies should follow social responsibilities and why should they be ethical. But ethical business helps the company to be competitive at national and international levels. Recently, multinational companies have been encouraged by many scholars to develop clear and specific codes of conduct that outline their objectives, duties, and obligations in the international markets in which they operate. Organizations ethical behaviors relates to religious, cultural and legal systems of the society. Ethics in international business is very important as it corresponds to basic needs of society, it creates values within the public’s, it helps in better decision making in the organization, maintaining the ethical standards helps in meeting their profits and desired objectives, it can be stated that ethical values protect society than law. Hence every international business should be ethically responsible to the current business world. They should maintain their ethical standards at any situations, trends and issues which arise in the business world. At any situation the organizations should not turn unethical which affects the beliefs of the public’s towards the organization. Proper ethical behavior within the organization has become the crucial part to avoid lawsuits. Social responsibilities may not be mandatory to the companies but plays a vital role in carrying on the business. It acts as a branding weapon too…

    • 930 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Regarding to corporate ethics and CSR are exposed, both consumers and governments are focusing their attention on corporate social responsibility practices (Maloni & Brown, 2006). Ferrell, Geoffrey & Ferrell (2011, p.38) stated, “business ethics as the principles and standards that determine acceptable conduct in business organizations”. The behavior of acceptability is confirmed by many stakeholders of organizations such as customers, suppliers, employees, government regulators, owners as well as community. Ethics and social responsibilities are influent to business strategy and setting in recently. White (2012) claimed social responsibilities manage on decision making from top level to bottom line of firms. Ethics and Social Responsibilities are being evaluated as a key successful factor to measure organization outcomes.…

    • 1327 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Corporate social responsibility has been a controversy topic for many economists. Some think that a corporate does not have any social responsibility while others believe a corporate does have some social responsibility as it exists in the society and is using the resources of the society. Milton Friedman and Charles Handy are the two typical representatives for these two contrast ideas which are reflected through the two famous articles “The social responsibility of business is to increase its profit” by Milton Friedman and “What’s a business for” by Charles Handy.…

    • 903 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Kia Motors Corporation (KMC), founded in 1944 is Korea's oldest manufacturer of motor vehicles. Today, the Corporation is part of the 4th largest automotive group in the world, having exported over 5 million cars to more than 155 countries around the world. Kia’ goal is to become a top 5 volume car brand. In order to achieve this status they must increase their market share, both fleet and retail, break through into the corporate fleet sector and sell over 100,000 cars a year.…

    • 2257 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    Corporate social responsibility is becoming a key initiative and an essential tool in the growth of multinational corporations and the development of third world countries throughout the globe. The two concepts can work hand in hand to provide benefits for all; however difficulties in regulating and implementing corporate social responsibility need to be overcome before effective changes can be made.…

    • 1979 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    Freeman, R., & Edward, L., (1991, July 01). Corporate Social Responsibility: A Critical Approach. Business Horizons, Vol. 34, Issue 4…

    • 2036 Words
    • 6 Pages
    Best Essays
  • Powerful Essays

    In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility (CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees and their families as well as for the local community and society at large. In order to fully explain how a company does this I will discuss the development required, the approaches a company will take, the auditing and reporting process, the business benefits, critical analysis, and the reasons that drive a company to take such actions.…

    • 3238 Words
    • 13 Pages
    Powerful Essays
  • Best Essays

    Ethics and social responsibility are fundamental to an organisation. They are the key of success in organisation. Unethical behaviors or action of organisation culture will cause failure and ineffective to entire organisation. To avoid this happen, an organisation must effectively manage ethical behavior and implement excellent approaches to sustain high level of organization’s ethics and social responsibility.…

    • 3771 Words
    • 16 Pages
    Best Essays
  • Good Essays

    How could you be responsible to others, if you cannot sustain yourself economically enough? Let’s face it: not all of us are rich. Even business needs profit.…

    • 1050 Words
    • 5 Pages
    Good Essays