CSR - Corporate Social Responsibility Concepts key issues...

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Corporate Social Responsibility Concepts, key issues, context Key CSR drivers Implications for enterprise Implications for development
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Main Concepts of CSR Social Contract (Donaldson, 1982; Donaldson and Dunfee, 1999) – There is a tacit social contract between the firm and society; the contract bestows certain rights in exchange for certain responsibilities. Stakeholder Theory (Freeman, 1984) – A stakeholder is “any group or individual who can affect or is affected by the achievement of an organisation’s purpose.” Argues that it is in the company’s strategic interest to respect the interests of all its stakeholders. CSR (Carrol, 1979) Firms have responsibilities to societies including economic, legal, ethical and discretionary (or philanthropic). - See also DeGeorge (1999) on the “Myth of the Amoral Firm”
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Canadian Government: CSR is generally understood to be the way a company achieves a balance or integration of economic, environmental and social imperatives while at the same time addressing shareholder and stakeholder expectations.”
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UK Government: The Government sees CSR as the business contribution to our sustainable development goals. Essentially it is about how business takes account of its economic, social and environmental impacts in the way it operates – maximising the benefits and minimising the downsides .”
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European Union: “[CSR is] a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis.”
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World Business Council for Sustainable Development: We define CSR as business' commitment to contribute to sustainable economic development, working with employees, their families, the local community, and society at large to improve their quality of life.”
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Indonesia State of CSR is still in early stages but development indicates encouraging signs. Concept of social responsibility imbedded in Indonesian culture. Promotion of CSR has been marked with initiatives in both government and private sectors.
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Indonesia Most companies in “compliance stage” where they adopt policy-based compliance as a cost of doing business. Some have reached the “managerial stage” where they embed societal issues in their core management process. A few in “strategic stage” where companies integrate societal issues in their core business strategies.
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Philippines Birth of CSR concept and its initial practice can be traced back to 1950s.
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