Corporate Social Responsibility (CSR) policy should be promoted
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Overview
Corporate Social Responsibility (CSR) policy should be promoted:
- enterprises' decisions Details...
- linkage between CSP & CFP Details...
- potential comparative advantage can be... Details...
Overview
Corporate Social Responsibility (CSR) policy should be promoted:
- But: suicidal to business Details...
- But: consequential problems Details...
- But: principle political problem Details...
- But: restricts human liberty Details...
- But: CSR is an oxymoron Details...
Overview
Corporate Social Responsibility (CSR) policy should be promoted:
- But: business's responsibility Details...
- But: dishonesty Details...
suicidal to business
CSR policy is a suicidal act to business (Support:
+72.58%):
- government controls Details...
- socially responsible company cares about community Details...
- Overview Previous Topic « »
government controls
CSR policy will lead to the extension of government control over the market which will slowly suffocate it (Support:
+50%):
- strengthens conventional view Details...
- Overview Previous Topic « »
strengthens conventional view
strengthens conventional view
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Suicidal to business
- Because: Government controls
- Because: Strengthens conventional view
socially responsible company cares about community
socially responsible company cares about community
- Yes, a socially responsible company will care about the community, envionment, not just only their customers, employee. It will enhance the image of the firm. (Support:
+40.32%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Suicidal to business
- Because: Socially responsible company cares about community
enterprises' decisions
Decision made by enterprises, should focus also on social, environmental aspects apart from economic factors (Support:
+56.17%):
- CSR policy is a social trends Details...
- as full partners in community Details...
- Overview Previous Topic « »
CSR policy is a social trends
There are trends which exert pressure on companies to operate in an economically, socially and environmentally sustainable way (Support:
+62.33%):
- customers' sensitivity Details...
- increasing social awareness Details...
- investment's consideration Details...
- Overview Previous Topic « »
customers' sensitivity
customers' sensitivity
- Some consumers have become increasingly sensitive to the CSR performance of the companies in their consumptions (Support:
+75%)
Reference: Wikipedia, (2007). Ethical_consumerism - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Enterprises' decisions
- Because: CSR policy is a social trends
- Because: Customers' sensitivity
increasing social awareness
increasing social awareness
- There is increasing awareness of ethical and environmental issue nowadays (Support:
+62%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Enterprises' decisions
- Because: CSR policy is a social trends
- Because: Increasing social awareness
investment's consideration
investment's consideration
- Investors have begun to take account of a corporation’s CSR policy in making investment decisions (Support:
+50%)
Reference: Wikipedia, (2006) Ethical investing - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Enterprises' decisions
- Because: CSR policy is a social trends
- Because: Investment's consideration
as full partners in community
as full partners in community
- Organizations or corporations are full partners in their community, rather than mere profit-oriented machines (Support:
+50%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Enterprises' decisions
- Because: As full partners in community
linkage between CSP & CFP
Positive correlation exists between corporate social/environmental performance (CSP) and corporate financial performance (CFP) (Support:
+51.15%):
- happy stakeholders = profits Details...
- Stakeholder-agency theory II Details...
- organizational reputation Details...
- increases financial outcome Details...
- internal advantages Details...
- Stakeholder-agency theory I Details...
- Overview Previous Topic « »
linkage between CSP & CFP
Positive correlation exists between corporate social/environmental performance (CSP) and corporate financial performance (CFP) (Support:
+51.15%):
- evades interferences Details...
- assess to capital Details...
- Overview Previous Topic « »
happy stakeholders = profits
happy stakeholders = profits
- The satisfaction of various stakeholder groups is instrumental for organizational financial performance (Support:
+50%)
Reference: Donaldson, Thomas & Preston, Lee E.. (1995). "The stakeholder theory of the corporation: Concepts, evidence, and implications." Academy of Management Review 20: 65-91 - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Happy stakeholders = profits
Stakeholder-agency theory II
Stakeholder-agency theory II
- Adaptability of a firm to external demands increase through addressing and balancing the claims of multiple stakeholders (Support:
+50%)
Reference: Freeman, R. Edward, & Evan, William M. (1990) Corporate governance: A stakeholder interpretation". Journal of Behavioral Economics 19/4: 337-359 - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Stakeholder-agency theory II
organizational reputation
CSP results in positive external effects on organizational reputation (Support:
+43.85%):
- positive firm's image Details...
- preserves genuine culture Details...
- facilitates overseas business Details...
- justifies profits Details...
- distinction from other firms Details...
- Overview Previous Topic « »
positive firm's image
positive firm's image
- Organization’s communication with external parties about its CSP level helps to build a positive image in the population (Support:
+50%)
Reference: Fombrun, Charles, & Shanley, Mark. (1990) "What's in a name? Reputation building and corporate strategy". Academy of Management Journal 33: 233-258. - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Organizational reputation
- Because: Positive firm's image
preserves genuine culture
preserves genuine culture
- Building a genuine culture of 'doing the right thing' within a corporation can offset the risk of ruining its long built up reputation (Support:
+50%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Organizational reputation
- Because: Preserves genuine culture
facilitates overseas business
facilitates overseas business
- With CSR policy, overseas firms can stay welcome by being good corporate citizen with respect to labour standards (Support:
+50%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Organizational reputation
- Because: Facilitates overseas business
justifies profits
justifies profits
- CSR policy helps to justify a firm’s eye-catching profits and high level boardroom pay (Support:
+37%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Organizational reputation
- Because: Justifies profits
distinction from other firms
distinction from other firms
- CSR policy can differentiate the firms among or even raise it over its competitors through inculcating certain ethical values (Support:
+32.26%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Organizational reputation
- Because: Distinction from other firms
increases financial outcome
CSP increases financial outcome (Support:
+41.13%):
- aids recruitment Details...
- Overview Previous Topic « »
aids recruitment
CSR policy is an important aid to recruitment and retention, especially within the competitive graduate student market (Support:
+41.13%):
- improves employees' goodwill Details...
- attracts better employees Details...
- Overview Previous Topic « »
improves employees' goodwill
CSP helps to improve current employees’ goodwill (Support:
+50%):
- improves atmosphere Details...
- Overview Previous Topic « »
improves atmosphere
improves atmosphere
- CSR helps to build a "feel good" atmosphere among existing staff through participating in fundraising activities or community volunteering (Support:
+50%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Increases financial outcome
- Because: Aids recruitment
- Because: Improves employees' goodwill
- Because: Improves atmosphere
attracts better employees
CSP helps to attract better employees (Support:
+32.26%):
- employees' increasing interest Details...
- Overview Previous Topic « »
employees' increasing interest
employees' increasing interest
- Potential recruits are increasingly likely to enquire upon a firm's CSR policy, having a comprehensive one will be an advantage (Support:
+16.13%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Increases financial outcome
- Because: Aids recruitment
- Because: Attracts better employees
- Because: Employees' increasing interest
internal advantages
Internally, investments in CSP help firms develop new competencies, resources and capabilities, leading to more efficient utilization of resources (Support:
+38.11%):
- firm's preparedness Details...
- managerial competencies Details...
- Overview Previous Topic « »
firm's preparedness
CSP increases an organization’s preparedness for external changes, turbulence and crises (Support:
+33.07%):
- managerial development Details...
- Overview Previous Topic « »
managerial development
managerial development
- CSP can help management develop better scanning skills, processes, and information systems (Support:
+25.81%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Internal advantages
- Because: Firm's preparedness
- Because: Managerial development
managerial competencies
CSP helps build managerial competencies (Support:
+22.58%):
- preventive efforts Details...
- Overview Previous Topic « »
preventive efforts
preventive efforts
- Preventive efforts necessitate significant employee involvement, organization-wide coordination and a forward-thinking managerial style (Support:
+51.61%)
Reference: Shrivastava, Paul. (1995). "Econcentric Management for a Risk Society". Academy of Management Review 20: 118-137. - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Internal advantages
- Because: Managerial competencies
- Because: Preventive efforts
Stakeholder-agency theory I
Stakeholder-agency theory I
- A reciprocal stakeholder-management relationships prevents managers from diverting attention from broad organizational financial (Support:
+37.1%)
Reference: Hill, Charles W. L., & Jones, Thomas M. (1992) "Stakeholder-agency theory"/ Journal of Management Studies 29: 131-154 - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Stakeholder-agency theory I
evades interferences
CSR policy helps to evade a firm from interferences, such as taxation or regulation in its business which it is keen to avoid (Support:
+36.29%):
- persuades government Details...
- Overview Previous Topic « »
persuades government
persuades government
- Taking substantive voluntary steps helps to persuade governments that a firm is taking issues involving the well-being of the public seriously (Support:
+32.26%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Evades interferences
- Because: Persuades government
assess to capital
CSP facilitates a firm’s assess to capital (Support:
+25.81%):
- relationship with bankers Details...
- Overview Previous Topic « »
relationship with bankers
relationship with bankers
- High CSP reputation ratings helps to improve a firm’s relationship with bankers and investors (Support:
+8.06%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Linkage between CSP & CFP
- Because: Assess to capital
- Because: Relationship with bankers
consequential problems
CSR policy leads to many problems on the level of consequences (Support:
+49.6%):
- internal conflicts Details...
- fails to discharge social task Details...
- Overview Previous Topic « »
internal conflicts
CSR policy will lead to conflict between the corporate executive and the stockholders (Support:
+75.81%):
- reduces stockholders' profits Details...
- Overview Previous Topic « »
reduces stockholders' profits
reduces stockholders' profits
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Consequential problems
- Because: Internal conflicts
- Because: Reduces stockholders' profits
fails to discharge social task
The corporate executive cannot in fact discharge his/her alleged social responsibility (Support:
+35.48%):
- lacks necessary abilities Details...
- Overview Previous Topic « »
lacks necessary abilities
lacks necessary abilities
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Consequential problems
- Because: Fails to discharge social task
- Because: Lacks necessary abilities
principle political problem
CSR policy leads to political problem on the level of principle (Support:
+42.71%):
- criteria of executive Details...
- transformation of roles Details...
- problem of justification Details...
- Overview Previous Topic « »
criteria of executive
The corporate executive is selected by the stockholders so far he serves the interests of his principal (Support:
+62%):
- rule of corporate law Details...
- Overview Previous Topic « »
rule of corporate law
rule of corporate law
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Principle political problem
- Because: Criteria of executive
- Because: Rule of corporate law
transformation of roles
It is principally intolerable for anyone to utilize his corporation’s resource for social welfare, which in effect he/she become (Support:
+38.71%):
- criteria of civil servants Details...
- Overview Previous Topic « »
criteria of civil servants
criteria of civil servants
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Principle political problem
- Because: Transformation of roles
- Because: Criteria of civil servants
problem of justification
problem of justification
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Principle political problem
- Because: Problem of justification
restricts human liberty
CSR policy would extend the scope of the political mechanism to every human activity and result in shrinking of human liberty (Support:
+36.29%):
- communitarianism Details...
- Overview Previous Topic « »
communitarianism
communitarianism
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Restricts human liberty
- Because: Communitarianism
CSR is an oxymoron
CSR is an oxymoron (Support:
+33.77%):
- no sustainable development Details...
- the term is just a mask Details...
- Overview Previous Topic « »
no sustainable development
Economic policies based around concepts of growth and continued depletion of resources cannot be sustainable (Support:
+46.38%):
Because: - depletion of resources Details...
- Because: technology advancement Details...
- Overview Previous Topic « »
depletion of resources
depletion of resources
- Resources do not remain constant (Support:
+56.45%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: CSR is an oxymoron
- Because: No sustainable development
- Because: Depletion of resources
technology advancement
technology advancement
- Technologies such as renewable energy, recycling and the provision of services can provide economic growth without the use of limited resources (Support:
+32.26%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: CSR is an oxymoron
- Because: No sustainable development
- But: Technology advancement
the term is just a mask
the term is just a mask
- The concept of “sustainable development" as incorporate in CSR policy is a term invented by business to show capitalism as ecologically friendly (Support:
+40.32%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: CSR is an oxymoron
- Because: The term is just a mask
business's responsibility
business's responsibility
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Business's responsibility
dishonesty
CSR policy is dishonest (Support:
+12.1%):
- prudential strategy Details...
- Overview Previous Topic « »
prudential strategy
prudential strategy
- CSR policy no more than a prudential strategy which is no less profit-oriented (Support:
+24.19%) - Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- But: Dishonesty
- Because: Prudential strategy
potential comparative advantage can be...
potential comparative advantage can be...
- potential comparative advantage can be created by CSR in a long run.
- Overview Previous Topic « »
Title: Corporate Social Responsibility (CSR) policy should be promoted
- Because: Potential comparative advantage can be...