Corporate Social Responsibility Essay Example | Topics and Well Written Essays - 7000 words

Corporate Social Responsibility - Essay ExampleMoreover, to date in that location still is no research that supports whether the criteria used (if used) by corporate executives, as agents of corporations, is in agreement with the various criteria used by theorists and organizational observers to evaluate and assess corporate performance in the area of brotherly responsibility. This body of research aims at presenting CSR in a new light and will examine its affirmable correlation with the underlying profitability of a company.For an increasing number of global and multinational corporations, corporate social responsibility (CSR) has become an important aspect of conducting condescension (Aquilera et al, 2005 Hummels, 2004 Mackey et al, 2005 Peloza, 2005). Despite the continuing debate about its meaning and despite the ongoing criticism of CSR as being enacted purely for self-interest2005). Some theorists speculate that the new surge in interest is due to corporations seeking to increase market competitiveness (Mackey, 2005 McWilliams & Seigel, 2001). On the other hand, some theorists recommend that firms adopt CSR because doing so mint mitigate risk and can actually improve profitability (Godfrey, 2004). Other theorists advise corporations to engage in profit-maximizing ethics (Windsor, 2001).In a 2004 check of CSR for the Journal of C... Because of the impetus to compete profitably, and because firms desire to ease the negative affects of recent corporate scandals, such as ENRON and WorldCom, leaders are trying to understand how to play both shareholders and stakeholders.Background of the StudyCorporate Social Responsibility is not a new concept in fact, it has a relatively long history. The newton American culture has seen several waves of interest in CSR over the past 50 years. In each wave of interest, there appears to have been a duration of both the interest in its value (to society and to business) and in CSRs inherent problems (Hummels, 2004). Over the years, organizational observers have noted the problems with CSR and describe them as conceptual vagueness, neediness of understanding about which operational mechanisms to use, cost benefit, and the lack of an agreed upon moral foundation (Frederick, 1986, 1994 Hummels, 2004 Porter, 2003).There are several debates raging currently concerning corporate social responsibility. One concerns the issue of, what is referred to as, the one-size-fits-all problem. Several writers have stated that it is impractical to assume that one definition and one set of CSR operating principles could satisfy all require across industries, nations, cultures, and organizations (Banerjee, 2001 Gobbels 2002). Another fundamental debate concerns business priorities from this perspective, we have the debate about the fundamental purpose of business and to whom any corporation should serve the highest faithfulness the shareholder or the various stakeholders (van Marrewijk, 2003).In the past five ye ars, there has been an intriguing appearance of actual research conducted concerning CSR in use. The attempt to move beyond the