Essays on Corporate Social Approaches and Activities of Mantel Incorporation Case Study

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The paper "Corporate Social Approaches and Activities of Mantel Incorporation" is a perfect example of a business case study.   This paper converses topics connected to corporate social responsibility. Corporate social responsibility (CSR) is a concept whereby organizations think about the significances of the general public by taking responsibility for the impact of their business processes on clients, brokers, human resources, shareholders, communities and other stakeholders, as well as the environment. This commitment is seen to extend further than the constitutional requirement to act in accordance with legislation and witnesses organizations willingly captivating additional steps to advance the quality of life for workers and their families as well as for the neighbouring community and society in general.

The different corporate social approaches include community-based development, whereby corporations work with local communities to enhance themselves; philanthropy approaches, which envelops financial bequests and relieve given to local groups as well as poor communities; the approach of integrating the CSR policy straightforwardly into the business plan of an organization; the approach of creating shared value, which bases on the suggestion that corporate achievement and social welfare are mutually dependent. Enchanting conscientiousness for its effects on communities has an implication that you have to put your ‘ house’ (corporation) in order first, which ultimately accounts for the organization actions.

Social accounting, a perception that illustrates the communication of societal and environmental impacts of an organization's a trade and industry accomplishments to particular significance factions within communities and to society in general, is accordingly an essential element of corporate social responsibility. According to Crowther (2000, p. 20) social accounting; … ..an approach to reporting a firm’ s activities which stresses the need for the identification of socially relevant behavior, the determination of those to whom the company is accountable for its social performance and the development of appropriate measures and reporting techniques. There are numerous guiding principles for social accounting, auditing and reporting, for instance, ISO 14000 environmental management standard, Social Accountability International's SA8000 standard, Global Reporting Initiative's Sustainability Reporting Guidelines and United Nations Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR).

Currently, a lot of organizations generate outwardly audited annual reports that cover sustainable improvement and corporate social responsibility matters; however, the reports differ far and wide in layout, style, and appraisal technique (Wheeler, D.

& Sillanpä ä 1997). Some benefits of applying corporate social approaches in an organization include; it acts as an aid to staffing and maintenance, this is due to the fact that some human resources tend to inquire about corporate social approaches guidelines, and having an ample strategy can present an advantage; it counteracts risks, for instance, corruption scandals that can adversely affect the business processes; engages in building client fidelity based on distinguishing ethical values, hence establishing the company’ s products with uniqueness in the market to counter competition; and it provides a step ahead for operating license provision from the government since it convinces the government and the society that the company is taking matters such as health and safety and the environment solemnly as concerned and responsible corporate nationals regarding employment standards and effects on the surroundings. The tradition of CSR is an area under discussion to a great extent contest and criticism.

Its supporters point out that there is a physically powerful business concern for CSR, given that conglomerates gain in numerous ways by working with a viewpoint broader and longer than their individual immediate, quick-fix returns.

On the other hand, its opponents argue that CSR sidetracks from the elementary economic role of businesses; others fall out that it is nothing more than apparent casement-dressing; still, a score of them acknowledge that it is an effort to forestall the role of government as a supervisory body over powerful international business corporations. What's more, is that the corporation pays out a colossal amount of money to construct a first-class image to the communal.

It is viewed at, as an action to promote their corporation and not in authenticity to beyond doubt take the corporations errands and try and help the environment. In other features that is what a corporation is; a corporation stays alive exclusively to produce revenue and must set-out as far as spending a colossal amount of money to better its image.

References

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Bhattacharya, C.B., Sen, S. & Korschun, D. 2008, "Using Corporate Social Responsibility to Win the War for Talent," MIT Sloan Management Review, vol. 49, no. 2, pp. 37-44

Carroll, A. & Buchholtz A. 2006, Business and Society: Ethics and Stakeholder Management, 6th ed. Thomson/South-Western, Mason, OH.

Crowther, D. 2000, “Social and Environmental Accounting", Financial Times, Prentice Hall, London, p. 20.

Mattel Inc. 2009, “Playing Responsibly”, Global Citizenship Report, p. 16-20

Matten, D., Crane, A. & Chapple, W. 2003, "Behind the mask: Revealing the true face of corporate citizenship". Journal Business Ethics, Vol.45, No.1, p. 109.

Wheeler, D. & Sillanpää, M. 1997, The Stakeholder Corporation: a blueprint for maximizing stakeholder value. Pitman, London.

Wood, D. 1991, “Corporate Social Performance Revisited”, Academy of Management Review, Vol. 16, No. 4. Available from: . [28 April 2010].

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