Essay about Corporate Social Responsibility Plan - 1103 Words

RUNNING HEADER: Corporate Social Responsibility Plan Corporate Social Responsibility Plan CM225-23 MEMORANDUM Thank you for allowing a platform for me to provide evidence as to why the implementation of a Corporate Social Responsibility Plan would be beneficial to Geometric. The information that follows provides information and examples of CSR plans. There is evidence to support the cost effectiveness of these plans. If you have any questions or concerns about any of the information provided, I would be happy to address these at your convenience. . Adopting a strategic Corporate Social Responsibility plan provides a business opportunities and possibilities for business growth, attracting employees and maintaining employee†¦show more content†¦Coca-Cola has a commitment goal to â€Å"Create a culture where diversity is valued, every employee is a respected member of the team, and our workforce is a reflection of the communities in which we operate† Companies must make a commitment towards giving back to employees to ensure the viability and profitability of the business. Adopting a Corporate Social Responsibility plan will make any company more profitable. Implementing a CSR must start with becoming aware of the concept and what it means to be socially responsible to employees. This will form a solid foundation for understanding and developing a CRS plan dedicated to employee development. Companies that offer training and career development, become an organization with employees that are more capable and willing to accept responsibility and control over the role they play as a part of the company’s success. Well-trained employees often need less supervision, leaving management more time to focus on other vital areas of the business. Additionally, a well-trained employee more often that not has a higher level of efficiency, and is prone to be more dedicated and have a vested interest in the growth and profitability of the organization. CSR will reduce costs and raise shareholder value by reducing turnover and creating a more marketable staff. There are many advantages that will offset any expense incurred by implementingShow MoreRelatedLowes Stance on Social Responsibiliy1440 Words   |  6 PagesLowe’s Corporate Social Responsibility Asher G. Budka MGMT115-1301A-03 Instructor: Joshua C. Rhodes January 13th, 2013 Lowe’s Corporate Social Responsibility This paper is about Lowe’s Corporate Social Responsibility into today’s society. To be discussed is what is a Corporate Social Responsibility (CSR) program, why should a company implement a CSR program, Lowe’s stance on Corporate Social Responsibility, connection between Lowe’s CSR and the Home Centers Industry, and who is Lowe’s responsibleRead MoreThe Conception Of Corporate Social Responsibility1236 Words   |  5 PagesSocial responsibility is the accountability of companies for the contacts of its results along with actions on civilization and the surroundings, through crystal clear and ethical performance with the purpose of gives to continue progress together with the strength and the benefit of people. The truth so as to the expressions itself has tainted above this point also recommends that the significance qualified to perception for example, corporate social responsibility will maintain to progress inRead MoreCorporate Social Respons ibility ( Csr ) Essay1369 Words   |  6 Pageshave a responsibility to give back to the customers they serve and the communities they operate in. Today, many organizations have realized the importance of corporate social responsibility (CSR) in response to consumers and stakeholders becoming more mindful of social issues. Corporate social responsibility has continued to change and grow. It can be difficult to define CSR because it takes on a variety of social, economic, political and environmental formats depending on the business. Corporate socialRead MoreOrganizational Social Responsibility : The Environment1739 Words   |  7 PagesMcPherson May 19, 2015 Professor Goll Organizational Social Responsibility Corporate Social Responsibility: The Environment During the late 20th century and early 21st century a business trend called corporate social responsibility has grown in popularity and necessity. Corporate social responsibility has been defined as a form of corporate self-regulation integrated into a business model with the intentions of benefitting bothRead MoreThe Problems of Social Responsibility1350 Words   |  5 Pages1. INTRODUCTION Combine Corporate Social Responsibility (CSR) into strategic management is making and increase profit to a companys business. In recent year, the importance of Corporate Social Responsibility (CSR) has gradually become a very concern to industries. Hence, there have been gradually increasing tensions with many companies and increase the responsibility of managers try to carry out Corporate Social Responsibility (CSR) to society. In fact, managers should be having knowledge and understandingRead MoreEssay On Corporate Governance812 Words   |  4 PagesITC Ltd.’s strategy plan for compliance with the current acceptable standards or norms relative to social responsibility today is well thought out, especially for a company that sells potentially dangerous products, and try to meet and listen to all demands and laws in place since the start of their business. Even though in 2014 a new bill was passed for the majority of companies to build accountability and also have the govern ment looking over the private sector (Banerjee, 2013). â€Å"The CSR provisionRead MoreCorporate Social Responsability, New Balance1449 Words   |  6 PagesAlthough New Balance owners did not have an official Corporate Social Responsibility policy there was a strong culture of â€Å"Doing the right thing† (Veleva, 2010). New Balance owners along with company leadership did realize that New Balance needed to engage in the next step, which was to develop a strong Corporate Social Responsibility. To do this New Balance promoted their senior corporate communications officer to the social responsibility manager. In addition, New Balance hired a firm outsideRead MoreThe Concept Of Corporate Social Responsibility Essay1696 Words   |  7 PagesConcept of Corporate Social Responsibility According to Pearce Robinson (2014), corporate social responsibility (CSR) is â€Å"the idea that business has a duty to serve society in general as well as the financial interests of stockholders.†(P.56) The concept of corporate social responsibility of the business operation must comply with sustainable development idea; the company should not only consider its own financial and operating conditions, but also think of its impacts on the social and environmentRead MoreCsr : Corporate Social Responsibility1598 Words   |  7 Pages CSR stands for Corporate Social Responsibility. Corporate Social Responsibility (CSR) is defined by many groups like, Tata steel, Coca Cola, Reliance, Videocon etc. Although they all stand for similar meanings connecting to taking responsibilities of the society as a business individual, its definition has been getting broader from a established point of view, corporate social responsibility is a type of business instruction included in a business demonstration. CSR policy functions as a self-regulatoryRead MoreCorporate Social Responsibility : Csr1232 Words   |  5 PagesCorporate social responsibility has become a buzzword within the industry in the last few years. Following the financial market crash investors and stakeholders began looking at corporations to act more socially responsible. The meaning of social responsibility differs across regions. Western countries are the ones who are pushing for corporate social responsibility -thesis-- A broad overview at corporate social responsibility (CSR) looks to corporations to make a change in the society or the environment