scholarly journals The Quest for CSR in Closedowns

2012 ◽  
Vol 2 (3) ◽  
pp. 143
Author(s):  
Alexis Rydell ◽  
Rune Wigblad
Keyword(s):  
Corporate Social Responsibility ◽  
Business Strategy ◽  
Best Practice ◽  
Local Community ◽  
Business Strategies ◽  
Socially Responsible ◽  
Community Activities ◽  
Corporate Strategies ◽  
Corporate Social ◽  
Csr Orientation

This paper focuses on analysis of and suggestions for Corporate Social Responsibility (CSR) orientation during the closedown process. The article addresses CSR considerations that adjust business strategies, which in turn change the Human Resource Management (HRM) focus. Our study focuses on four best practice cases in Sweden, which are compared with three reported cases in the literature. All four best practice cases had a long notice period and socially responsible coordination of management and employees, which created adjusted corporate strategies. Three cases had the CSR orientation in the earliest stage, while the fourth case had this coordination during a later stage of the closedown process. We develop a model where we show that the scope for action increases if the CSR orientation and coordination of actions come early in the closedown process, due to the increased ability to adjust the business strategy and create a plan for outreach HRM activities and local community activities.

scholarly journals Does CSR Activity Amount to Socially Responsible Management?

2021 ◽  
Author(s):  
M. John Foster
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Local Community ◽  
Annual Reports ◽  
Socially Responsible ◽  
Responsible Management ◽  
Exploratory Investigation ◽  
Research Questions ◽  
The Uk ◽  
Corporate Social

AbstractIn essence firms or companies are usually thought to exist to make products for or provide services of some sort to third parties, other companies or individuals. The philosophical question which naturally arises then is ‘to the benefit of whom should a firm’s activities be aimed?’ Possible answers include the owners of the firm, the firm’s employees or wider society, the firm’s local community or their host nation. It is because of firms’ location within a wider society that the issue of corporate social responsibility arises. The issue is do they contribute in a positive way to the fabric of society. In this paper we conduct an exploratory investigation whose research questions, broadly, are whether there is public evidence of corporate social responsibility activity by firms listed in the UK and to what extent, if any, such activities may amount to genuinely socially responsible management by the firms. We examined the most up to date annual reports of a split sample of 36 firms listed in the FTSE 350. The short answers to the two research questions above are: to some degree and no by some margin, based on data from the sample firms.

scholarly journals Corporate Social Responsibility & Market Volatility: Relationship and Trading Opportunities

2017 ◽  
Vol 10 (5) ◽  
pp. 1
Author(s):  
Vasiliki A. Basdekidou ◽  
Artemis A. Styliadou
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Social Performance ◽  
Environmental Aspects ◽  
Socially Responsible ◽  
Community Activities ◽  
The Social ◽  
The Usa ◽  
Corporate Social ◽  
The Relationship

This article examines the relationship between corporate social responsibility performance (CSR.P) and market trading volatility (MTV) provoking by the release of the non-farm employment payment-reports (NFP) the first Friday each month in the USA. It also discusses the trading opportunities involved in such as volatile environments. Actually, we consider the interaction between the social performance (for environment, employment and community activities) and the financial and trading performance than would be the case for an accumulated functionality in NFP releases. In general, social performance returns are negatively related to trading returns; so, the relatively poor financial and market trading reward (profit), offered by socially responsible ethical ETFs trading the NFP reports, is in accordance to their good social performance regarding employment and environmental aspects. This could be changed if these ethical ETFs incorporate into their arsenal of trading tools a number of CSR.mtv functions (utilities) discussed in this article. Impressively, we find also that considerable bizarre returns are obtained by funds, holding a portfolio of socially least unethical ETFs, involved in short-term or intraday speculations. In this domain, the complex relationship between social, financial and market trading performance, during the NFP “psychological time”, offers great trading opportunities.

scholarly journals ТЕХНОЛОГІЧНА СТРАТЕГІЯ ЯК ДЕТЕРМІНАНТА УСПІХУ ПІДПРИЄМСТВА НА РИНКУ

2019 ◽  
Vol 133 (2) ◽  
pp. 50-59
Author(s):  
Ірина Миколаївна Гончаренко ◽  
Анна В. Сінілкіна
Keyword(s):  
Business Strategy ◽  
Best Practice ◽  
Technology Policy ◽  
Management Plan ◽  
Business Strategies ◽  
Technology Strategy ◽  
Extensive Experience ◽  
Corporate Strategies ◽  
Depth Analysis ◽  
A Company

The article discusses the main provisions on the selection and application of technology strategy at the corporate level and in particular business settings. Based on the in-depth analysis of international best practice, it is argued that a technology strategy is part of an overall comprehensive strategy that penetrates into all other strategies of a company strategic set and sets an imperative for innovative development in the market. Apparently, in some cases, a company business strategy actually makes its competitive management plan. Diversified companies run their own corporate strategies by a synergistic combination of different business strategies along with taking into account the specific coordination strategy, diversification or restructuring of company portfolios, if such exist. It is proved that technology vision, which entails technology policy and related objectives, drives the implementation of a company technology strategy and is a key determinant of company success on the market. It is also argued that the core of technology management concept is full harmonization of technology and the overall business strategy. The study has revealed that the aim of technology strategy is a competitive technology edge which means gaining specific outcomes needed to consumers. A focus on technology strategy and efficient embodiment of decisions are particularly important for technology-intensive types of production. However, time and financial horizons in conventional business realia promote such level of competition that allows for creating new exclusive competitive advantages which is a synergistic formation of new qualities based on extensive experience of many managers.

Contribution of Corporate Social Responsibility to Post-Disaster Life Recovery of Employees

2017 ◽  
Vol 12 (4) ◽  
pp. 811-821 ◽  
Author(s):  
Maki Dan ◽  
Masayuki Kohiyama ◽  
◽  
◽  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Structural Equation ◽  
Local Community ◽  
Local Communities ◽  
Equation Modeling ◽  
Community Activities ◽  
Effective Manner ◽  
Two Factors ◽  
Corporate Social

Corporate social responsibility (CSR) is now considered to be one of the most important activities for companies as it greatly affects both companies and local communities. This study analyzes the effects of corporate social responsibility activities on the life recovery of employees. A questionnaire survey on the Great East Japan Earthquake Disaster in Iwaki City (Fukushima, Japan) was conducted. Iwaki City was among the areas most severely affected by the disaster. The effect of CSR activities on the life recovery of employees was analyzed by structural equation modeling. Life recovery largely depended on health and human relationships. CSR activities related to these two factors, such as work–life balance and local community activities, increased the life recovery of employees. Companies have large resources for improving local community resilience and local communities can recover from a disaster in a timely and effective manner when companies provide appropriate assistance. This study reveals how companies can contribute to the recovery of local communities through their CSR activities.

Unions and corporate social responsibility in a liberal market context: The case of Ford’s shutdown in Australia

2020 ◽  
Vol 62 (5) ◽  
pp. 713-734
Author(s):  
Darryn Snell ◽  
Victor Gekara
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Best Practice ◽  
Industrial Relations ◽  
Socially Responsible ◽  
Labour Unions ◽  
Wide Range ◽  
Corporate Social

Within many coordinated market economies, labour unions have demonstrated to be key actors in shaping corporate social responsibility. Researchers have, however, paid surprisingly little attention to the role of unions in shaping corporate social responsibility strategies and responses in liberal market contexts. This article extends the emerging research on unions and corporate social responsibility through a case study which investigates union influences over corporate social responsibility within the liberal market context of Australia. We conceptualise the role of unions in corporate social responsibility in this context through an industrial relations lens with particular reference to collective bargaining. Drawing on qualitative data, the case study examines the Ford Motor Company’s recent closure of its Australian assembly operations which was hailed by a wide range of stakeholders as an exemplar of ‘best practice’ in their assistance of displaced workers. We conclude that, while highly socially responsible, Ford’s actions were far from voluntary but influenced by a combination of union influence and a ‘subsidised’ corporate social responsibility, where the state, unable and/or powerless to legislate good corporate social behaviour, chose to financially underwrite its cost to the firm. The study represents one of the first studies to demonstrate how unions shape corporate social responsibility strategies of firms in liberal market contexts and how ‘subsidised’ corporate social responsibility becomes an alternative political solution within such a context.

scholarly journals INTEGRATION OF CORPORATE SOCIAL RESPONSIBILITY INTO THE CORPORATE STRATEGY

2017 ◽  
pp. 199-205 ◽  
Author(s):  
Evelina Kamyshnykova
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Strategy ◽  
Corporate Strategy ◽  
Enterprise Management ◽  
Socially Responsible ◽  
Strategic Approach ◽  
Study Results ◽  
Hierarchical Levels ◽  
Corporate Social

Introduction. The issue of strategizing corporate management approach during the implementation of the concept of corporate social responsibility (CSR) is considered in the article. The implementation of CSR concept in the enterprise’s overall strategy is one of the important areas of building mutually beneficial relationships with key stakeholder groups. Purpose. The research aims to justify a comprehensive strategic approach to CSR on the basis of the construction of integrated corporate and business strategies with a focus on the CSR principles. Method (methodology). A complex of scientific methods such as method of theoretical generalization, comparison and systematic approach to the formation of interconnected strategies for different hierarchical levels of enterprise management with a focus on CSR principles have become the methodological basis of the study. Results. The necessity to overcome the isolation of socially responsible programs and initiatives and provide their close relationship with key business processes on a strategic basis through the introduction of CSR elements in strategic management has been proved. Stages of forming integrated corporate (business) strategy with a focus on CSR principles, which allow implementing a comprehensive strategic approach to CSR at all hierarchical levels of enterprise management, have been proposed. It has been emphasized that corporate and business strategy integrated with socially responsible objectives and principles form prerequisites for improving operational efficiency of the enterprise management systems.

scholarly journals Korporatyvinės socialinės atsakomybės raiška verslo organizacijų veikloje: nesocialiai atsakingą veiklą vykdančių organizacijų socialinės atsakomybės veikla

2010 ◽  
Vol 52 ◽  
pp. 55-67 ◽  
Author(s):  
Renata Matkevičienė
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Qualitative Analysis ◽  
Tobacco Use ◽  
Local Community ◽  
Web Pages ◽  
Business Organizations ◽  
Socially Responsible ◽  
Corporate Social ◽  
Advertising And Promotion

Verslo organizacijos, kurios pastaruoju metu priverstos itin aktyviai konkuruoti, vis dažniau pristatydamos savo veiklą pabrėžia socialinę veiklą, veiksmus, kurie pristato organizaciją kaip aktyvią bendruomenės narę, besirūpinančią tiek darbuotojais, tiek aplinka. Socialinės atsakomybės veikla, kuria organizacijos prisistato suinteresuotiesiems, gali būti įvardijama kaip viena iš korporatyvinės komunikacijos priemonių. Tačiau kyla klausimas, ar socialinės atsakomybės veikla kaip ryšių su suinteresuotaisiais priemonė gali būti taikoma visų organizacijų, net ir tų, kurios vykdo nesocialiai atsakingą veiklą, yra alkoholio ir tabako gamintojos. Šios straipsnio tikslas – apžvelgti korporatyvinės socialinės atsakomybės veiklos taikymo korporatyvinėje komunikacijoje galimybes ir šios veiklos raišką nesocialiai atsakingą veiklą vykdančiose organizacijose. Straipsnyje pristatoma korporatyvinės socialinės atsakomybės apibrėžtis, nurodant esminius korporatyvinės socialinės atsakomybės interpretavimo ir raiškos aspektus, išryškinant socialiai atsakingos veiklos organizacijų korporatyvinės socialinės atsakomybės veiklą. Pateikiami 2008 metų Lietuvos alkoholio gamintojų socialinės atsakomybės veiklos raiškos tyrimo rezultatai.Pagrindiniai žodžiai: organizacijos komunikacija, socialinė atsakomybė, korporatyvinė socialinė atsakomybė, nesocialiai atsakingą veiklą vykdančios organizacijos.Manifestation of Corporate Social Responsibility in Activities of Business Organizations: Corporate Social Responsibility of not Socially Responsible Business Organizations in Lithuanian Alcohol MarketRenata Matkevičienė SummaryBusiness organizations that work in alcohol and smoke producers’ market, to avoid notoriety and low reputation in national / regional / international community, use tools of corporate social responsibility. The question discussed in the paper is based on assumptions that business organizations that produce goods such as alcohol or tobacco use tools of social responsibility to create and manage their reputation. Qualitative analysis of the content of news presented on business organizations’ web pages show that these organizations are more careful about manifestation of their international activities that could be named as socially responsible and are presented in English, than about the activities that are presented for local community in the Lithuanian language. The investigation presented in the article shows the tendency of manifestation of corporate social responsibility activities as a means of marketing but not as social projects oriented towards community (national / regional / international). The research carried out in 2008 and presented in the article shows that the business organizations that work in the not socially responsible market use corporate social responsibility only as much as it is useful for advertising and promotion activities.

The effects of corporate social responsibility on profitability

2016 ◽  
Vol 54 (6) ◽  
pp. 1383-1406 ◽  
Author(s):  
Sunghee Lee ◽  
Heungjun Jung
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Manufacturing Industry ◽  
Business Strategies ◽  
Socially Responsible ◽  
Return On Assets ◽  
Content Type ◽  
Corporate Social

Purpose – The purpose of this paper is to determine the effects of corporate social responsibility (CSR) on financial performance in firms in the Korean manufacturing industry. In addition, the authors examine the moderating role of differentiation and outside investment in the same relationship. Design/methodology/approach – The mixed methods are used in this study. The authors first take an analytical modeling approach, in which the authors assume that CSR has a positive effect on consumer perceptions, which in turn can improve firm performance. Subsequently, the authors verify the propositions with data from the Korean manufacturing industry. Additionally, the authors explore the moderating roles of various factors in the CSR-financial performance relationship. Findings – The results of the analysis demonstrate that the positive relationship between CSR and financial performance depends on the levels of product differentiation and outside investment. Specifically, these contingent variables magnify the effects of CSR on financial performance. Practical implications – This study is particularly useful to supply chain managers. According to the results, CSR may provide benefits for both manufacturers and retailers. As brand reputations can be source for competitive advantage, the analytical model suggests that products made by socially responsible firms are attractive to consumers. Originality/value – To the authors’ knowledge, there are few studies that examine the multiple moderating effects of differentiation and outside investment on the relationship between CSR and financial performance (return on assets). The authors thus provide a clearer understanding of the effects of CSR activity on firm profitability using these business strategies.

Adding value to Brazilian companies through corporate social responsibility

2017 ◽  
Vol 28 (2) ◽  
pp. 264-281 ◽  
Author(s):  
Eduardo Soares Batista ◽  
Alexandro Reis ◽  
Filipe Bortolini ◽  
Marcelo Alves de Souza ◽  
Miriam Borchardt ◽  
...  
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Strategy ◽  
Local Community ◽  
Working Environment ◽  
Content Type ◽  
Multiple Case ◽  
Corporate Social ◽  
The Impact

Purpose The purpose of this paper is to examine how corporate social responsibility (CSR) initiatives add value to Brazilian companies and how these companies perceive the impact of CSR initiatives on their customers, employees, and society. Design/methodology/approach A multiple case study was conducted on 17 Brazilian companies, from diverse industries, that started their CSR initiatives between 1984 and 2011. Findings It is possible to identify ten companies with CSR initiatives disconnected from business strategy. In such cases, CSR started as an altruistic contribution to the local community. Actions have been limited to the employees and have demanded resources without perceived value for stakeholders. In seven companies, CSR initiatives are linked to the business strategy. In these cases, CSR initiatives add value to the companies promoting companies’ or brands’ reputation. It is observed to provide better working environment through employees’ motivation and their involvement in CSR initiatives. This value is perceived for the customers, employees, and for the society. However, to reinforce this perception, interested stakeholders should be informed about CSR initiatives and their contribution to the society. Originality/value This research attempts to analyze the CSR initiatives of the companies in emerging countries and to understand how CSR could add value to these companies and how this value is perceived. It also aims to understand how these initiatives have been organized and could support the altruistic efforts with effective results to the companies and to the society.

scholarly journals ROLE OF CORPORATE SOCIAL RESPONSIBILITY IN ADVERTISING

2020 ◽  
Vol 3 (1) ◽  
pp. 20-21
Author(s):  
Swetalina Das ◽  
Pranati Mishra
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Business Strategy ◽  
Socially Responsible ◽  
The Public ◽  
New Business ◽  
Entire Society ◽  
Environmental Goals ◽  
Corporate Social

Corporate social responsibility emerges as a new business strategy to helps industry to build socially acceptable images for the public. It is a thoughtful practice to give back to the society. Today, CSR has become an important part of every business. People expect a company not only act socially responsible towards his stockholders but also towards the entire society in which the company operates. However, it describes how business economic criteria, like making merchandise and profits, to accomplish both social and environmental goals. It also contributes towards sustainable economic development in which the firm itself operating and also its employs and their family members.

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