The paper 'Business and Society' is a great example of a Management Case Study. Corporate Social responsibility emerged in the 1960s as a need for the organizations to curb the ethical requirements of the consumers (Meehan et al, ). The presence of CSR has caused companies to think up new ideas of innovation and become environment friendly while on the same hand appreciate cost benefits through the implementation of CSR. Today the European Commission is promoting effective and ethical policies in the organizations. A marked increase is seen in the supply chain organizations.
The competition between the companies is leading to an increased effort between the competitors to produce more innovative efforts in the betterment of society. CSR does not return in value in the form of money but those companies who incorporate CSR in their dealings are rewarded with exceptional growth in the longer run. Definition of CSR: CSR can be defined as a culmination of certain ideas through which an organization can help society with socioeconomic issues. It is also explained as a business responsibility towards the environment. Today corporate success does not only define the economic issues but also incorporates the non-economic issues as well.
These are Legal, ethical, and philanthropic. Areas of Concern for CSR workability are Workplace, Marketplace, Environment, Community, Ethics, and Human Rights. IDENTIFICATION OF METHODOLOGICAL FRAMEWORKThe methodological framework consists of three areas of concern or three stages by which one can assess the CSR activities. These are Analysis, Execution, and EvaluationThis is the examination of the internal and external environments of the organization. Further two types of analysis are involved in it. These are PEST and SWOT analysis.
Then is the stage of setting specific CSR targets for the company. These are both qualitative and quantitative. Then a plan is made and with the plan any alternate course of actions that need to be developed. When we want to start with the analysis stage of the organization we must know what is the meaning of strategic CSR. These are all those activities which are profitable for the company as well as good for society. In light of this, we further our analysis stage by delving into the internal environment and reading of the external environment of the organization.
Bansal, and P.; R. Roth (2000). "Why Companies Go Green: A model of Ecological Responsiveness". The Academy of Management Journal, Vol.43, No.4, pp.717-736.
Bulkeley, H. (2001). "Governing Climate Change: The Politics and Risk Society". Transactions of the Institute of British Geographers, New Series, Vol.26, No.4, pp.430-447
Brand Strategy (2007). "10 key things to know about CSR". London. pg.47.
Kaplan R S and Norton D P (1996) "Using the balanced scorecard as a strategic management Harvard Business Review Jan – Feb pp75-85
Freeman, R.E Strategic management: A stakeholder approach, Pitman Publishing Inc, Boston, MA.
Thilmany, J. 2007. "Supporting Ethical Employees." HR Magazine, Vol. 52, No.2, September 2007, pp.105-110.
Tullberg, S.; J. Tullberg (1996). "On Human Altruism: The Discrepancy between Normative and Factual Conclusions". Oikos, Vol.75, No.2, pp.327-329.
Edward P. Lazear, 2001. "Educational Production," The Quarterly Journal of Economics, MIT Press, vol. 116(3), pages 777-803, August.
Fields, S. (2002), Vol.110, No.3, pp.A142-A145 "Sustainable Business Makes Dollars and Cents". Environmental Health Perspectives.