How Might Corporate Social Responsibility Impact on an Organisation Term Paper

How Might Corporate Social Responsibility Impact on an Organisation - Term Paper Example Corporate Social Responsibility is the responsible relationship borne by business entities towards their stakeholders, community, and the environment. The stakeholders include customers, suppliers, employees, investors, and the communities. CSR is the realization of business contributions to sustainable development goals (World Bank, 2007), through the alignment of business operations with social values (Coors and Winegarden, 2005). Broadly, CSR can be measured by its contribution to society through its core business activity, social investment, and philanthropic activities. In business parlance, CSR is often termed as Corporate Citizenship. Corporate Social Responsibility emerged as a field of management studies in the 1950s (Banerjee, 2007). It is increasingly being accorded importance worldwide. CSR is important because an enterprise uses public money and survives on public money. As such, it has to invest a measure of its profits in the public. This investment in physical infrast ructure and social capital has become a necessary part of doing business. CSR promotes fairness and justice in society. Corporate Social Responsibility promotes sustainable development by bearing greater accountability towards issues of environmental and societal importance. CSR has come to be adopted as a sound business practice for small and large organizations. A company’s social responsibility and the activities carried out thereof are well-documented in the CSR reports that are often released along with Annual Reports. Nourick and OECD (2001) point out that socially responsible behavior is not limited to multinational organization alone, but is as relevant to SMEs (Nourick and OECD, 2001). Corporate Social Responsibility is different from other philanthropic activities like charity, making donations, employee welfare, etc. Corporate Social Responsibility far transcends the traditional methods of doling out donations and making charities used to carry a more public savvy image.

Book smarts with intellectualism and street smarts with Essay

Book smarts with intellectualism and street smarts with anti-intellectualism - Essay Example By agreeing with his premise, this student will retrace Graff’s logic and provide a level of external analysis that will provide the reader with a more informed understanding and logical progression with respect to how Graff’s transformation took place. Firstly, before delving directly subject matter, it must be understood that scholars and societal stakeholders alike oftentimes to distance intellectualism from anti-intellectualism. It is without question that there is tension and strife between these two points of view; with both intellectuals and anti-intellectuals being distrustful, spiteful, and downright cruel to one another. Lunch has with regards the way in which individuals of different classes have separated themselves, lunch in the same way that individual races have been sidelined within American society, Graff argues the fact that intellectualism has separated itself from anti-intellectualism, and vice versa, to such a degree that these two distinct groups have come to an even further level of conflict within the current world. However, these social constraints aside, it is clear and apparent that the similarity that exists between these two groups is greater than the dissimilarity that they purport to espouse (Fridlan 890). For instance, Graff represents the early childhood disagreements, arguments, and disputes that he had with fellow adolescents in his youth. Instead of serving as mindless and un-intellectual banter, as many might assume, these levels of argumentation encouraged and coaxed the stakeholders into providing a level of substantiation, facts, and representative understanding with respect to the position that they espouse. Although they most certainly did not understand it at the time, the need to substantiate their beliefs and promote a level of understanding concerning their points of view was