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  • Changing Emphasis in Companies

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    This document discusses how companies are increasingly taking corporate social responsibility (CSR) seriously. It notes that companies understand CSR is key to business success and a strategic advantage. Additionally, people within organizations care about social responsibility. While debates around business-society relationships can be critical in nature, evidence shows that best companies make a positive social impact. There is general agreement that CSR involves community involvement, socially responsible products/processes, environmental concern, and responsible employee relations. The European Commission defines CSR as voluntary activities demonstrating stakeholder concern. The document also discusses how costs can be externalized spatially by transferring environmental degradation costs to other entities, or temporally by deferring costs to the future.

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    (2) Changing Emphasis in companies

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    This document discusses how companies are increasingly taking corporate social responsibility (CSR) seriously. It notes that companies understand CSR is key to business success and a strategic advantage. Additionally, people within organizations care about social responsibility. While debates around business-society relationships can be critical in nature, evidence shows that best companies make a positive social impact. There is general agreement that CSR involves community involvement, socially responsible products/processes, environmental concern, and responsible employee relations. The European Commission defines CSR as voluntary activities demonstrating stakeholder concern. The document also discusses how costs can be externalized spatially by transferring environmental degradation costs to other entities, or temporally by deferring costs to the future.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views9 pages

    Changing Emphasis in Companies

    Uploaded by

    Yzapple
    This document discusses how companies are increasingly taking corporate social responsibility (CSR) seriously. It notes that companies understand CSR is key to business success and a strategic advantage. Additionally, people within organizations care about social responsibility. While debates around business-society relationships can be critical in nature, evidence shows that best companies make a positive social impact. There is general agreement that CSR involves community involvement, socially responsible products/processes, environmental concern, and responsible employee relations. The European Commission defines CSR as voluntary activities demonstrating stakeholder concern. The document also discusses how costs can be externalized spatially by transferring environmental degradation costs to other entities, or temporally by deferring costs to the future.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 9

    Changing Emphasis

    in Companies

    Sunday, 2 Nov 2022


    Companies Do Care

    Now companies are


    taking CSR much more seriously not just because
    they understand that it is a key to business
    success and can give them a strategic advantage,
    but also because people in those organizations
    care about social responsibility.
    CSR

    Nevertheless, although the


    relationship between organisations
    and society has been subject to much
    debate, often of a critical nature,
    evidence continues to mount that the
    best companies make a positive impact
    upon their environment.
    Recognizing CSR
    Voluntary Activity

    So there is general agreement that CSR is about a company’s


    concern for such things as community involvement, socially
    responsible products and processes, concern for the environment
    and socially responsible employee relations (Ortiz-Martinez &
    Crowther 2006).

    According to the European Commission CSR is about undertaking


    voluntary activity which demonstrates a concern for stakeholders.
    Environmental issues and their
    effects and implications

    EXTERNALIZED COSTS

    Positive and Negative


    Implications
    Externalising costs

    Spatial Temporal
    externalisation externalisation

    - describes the way in which costs can be - describes the way in which costs are transferred
    transferred to other entities in the current from the current time period into another - the
    time period. future.

    Environmental degradation though such things Deferring investment to a future time period and so
    as polluted – and therefore dead – rivers or through increasing reported value in the present;
    increased traffic imposes costs upon the local Failure to dispose of waste material as it originates
    community through reduced quality of life; and leaving this as a problem for the future;
    Causing pollution imposes costs upon society at Causing pollution which must then be cleaned up in the
    large; future;
    Waste disposal problems impose costs upon Depletion of finite natural resources or failure to
    whoever is tasked with such disposal; provide renewable sources of raw material will cause
    Removing staff from shops imposes costs upon problem for the future viability of the organisation;
    customers who must queue for service;
    Social Contract
    In this view the company (or other
    organization)
    has obligations towards other parts of
    society in return for its place in society.

    Individuals voluntary gave up certain


    rights in order for the
    government of the state to be able to
    manage for the greater good of all citizens.
    Quiet Time

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