CORPORATE SOCIAL RESPONSIBILITY 2019.pptx - CORPORATE SOCIAL RESPONSIBILITY(CSR Corporate Social Responsibility Definition CSR is social obligations of

CORPORATE SOCIAL RESPONSIBILITY 2019.pptx - CORPORATE...

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CORPORATE SOCIAL RESPONSIBILITY (CSR)
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Corporate Social Responsibility - Definition CSR is social obligations of a business over and above making a profit - A central feature of the above definition is that an action or deed has to be voluntary - The business should not be coerced into corporate social responsibility
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Main Concepts of CSR 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” 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 organization’s purpose.” Argues that it is in the company’s strategic interest to respect the interests of all its stakeholders
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Main Concepts of CSR CSR = political economy The rights and responsibilities assigned to private industry
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Key Issues in CSR Labour rights: child labour forced labour right to organise safety and health Environmental conditions water & air emissions climate change Human rights cooperation with paramilitary forces complicity in extra-judicial killings Poverty Alleviation job creation public revenues skills and technology
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Global Context Liberalisation of markets – reduction of the regulatory approach Emergence of global giants, consolidation of market share Development of the ‘embedded firm’ and the global value chain Development of supplier networks in developing countries
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