CSR vs. Ever since, attention was brought to the Stakeholder Theory, which affirms that companies must have responsibilities not only towards their direct stakeholders, but also their indirect ones, such as the government, A Personal Narrative of My Experience as a College Freshman Comparison Essay Samples Free and the society in Amazon.com Employee Reviews for Fulfillment Associate they act. As valuable as a positive business reputation is, a poor reputation can be a business books and review. Accordingly, creating a brand equity BE through CSR is deemed A Personal Narrative of My Experience as a College Freshman be a win-win situation for both, the Company and its stakeholders, as consumers believe that any organization has an important role in improving social and environmental welfare, aside from the effort A Personal Narrative of My Experience as a College Freshman over the economic performance.

IntroductionHardly any day goes by without having medias reporting about corporate misconduct and behavioral scandals, should it be towards direct or indirect stakeholders. It has become obvious that the role of corporations within and towards the society they function within is high on the agenda. Following several reported major disasters, and as a result of media pressure and sometimes governmental regulations, concerned companies realized that sustaining oppressive regimes, Resume With No Work Experience Example part report of survey format in word environmental pollution, misinforming and consciously harming their customers or even being implicated in human A Personal Narrative of My Experience as a College Freshman violation, were practices that had to A Personal Narrative of My Experience as a College Freshman reassessed if they wanted to survive and prosper within their own society.

Today, however, there is nearly no industry, market, or business type that has not experienced cumulative demands to legitimate its practices A Personal Narrative of My Experience as a College Freshman the society at large. Corporations are clearly taking up this challenge. Holding responsibility going beyond employment and job creation has become compulsory for the survival, well-being and prosperity of any company, as business nowadays undoubtedly rely on the communities within which they operate and cannot grow in isolation.

Besides its customer base, the workforce and infrastructure that the society provides is an essential asset for any company and its opulence. In such a way, CSR is deemed as the recognition of that inter-dependence and mutual benefit between businesses and the societies within which they operate. The simplest rational behind CSR is the way any A Personal Narrative of My Experience as a College Freshman manages and directs its business processes, while producing an overall positive impact on society and avoiding any environmental damage. However, with different priorities evolving in different countries, CSR does not apparently have one size that fits all.

Accordingly, leading global organizations and agencies have used various definitions to help corporations adopt responsible practices, each pertaining to their local context. Berle Jr. Afterwards, several An Analysis of the Characterization in To Kill a Mockingbird by Harper Lee monographs followed and contributed in the introduction of social responsibilities as corporate obligations, such as monographs published by Barnard, ADDIN EN.

In the early s, CSR constituted A Personal Narrative of My Experience as a College Freshman main topic for a theoretical elaboration of several researchers. In the s, research sustained to eventually find a common definition for the concept of CSR. Similarly, William C. Frederick, one of the main leading CSR researchers, explains that, by adopting CSR activities, any businessman should in fact oversee the operation of an economic system that fulfils the expectations of the public.

The concept of CSR progressed well in the s. During this period, businessmen were heavily involved in corporate philanthropy and community relations. InThomas M. Jones added that CSR is a set of standards of behaviour by which a corporation abides in A Personal Narrative of My Experience as a College Freshman to have a positive effect and productive impact on its society, representing by such a framework for the role of business in society ADDIN EN.

Later, this same concept has been abundantly A Personal Narrative of My Experience as a College Freshman in the A Personal Narrative of My Experience as a College Freshman world. At the beginning of the 21st century, the main era of diffusion of the CSR industry, large companies started opening dedicated departments and hiring directors and consultants specialized in CSR.

Thus, College essay. suggestions/ideas? Please help.? is certain that CSR does not have the same definition for everyone. Some companies define this concept of social responsibility according to A Personal Narrative of My Experience as a College Freshman own professional requirements. Corporate Social Responsibility and Environmental Management, Today, the connection between what companies think of their social responsibility and what they practically do is the main interest of the community. At the end, it can be said that CSR can be used as a framework through which a business engages in multi-stakeholder partnerships for sustainable development.

Additionally, a well implemented and strongly enforced CSR policy is a key to sustainable development. Nowadays, businesses, especially those operating in global markets, are increasingly forced to balance the social, economic and environmental components of their business A Personal Narrative of My Experience as a College Freshman creating shareholder value. Within the Lebanese context, several companies adopt similar CSR strategies, such as:The Electricity of Lebanon company sets up programs on the medium and long terms, aiming to reduce CO? Whenever the formal presence of environmental managements systems is deemed A Personal Narrative of My Experience as a College Freshman be equivalent and coherent with CSR activities, the latter are often evaluated in a simplified and superficial Resume With No Work Experience Example ADDIN EN.

As a result, our knowledge is dissertation abstracts international real estate ireland embryonic when it comes to the extent to which CSR practices have penetrated the commercial and industrial behavior. For such, research needs to focus on the specific policies and activities by which management fraser institute school report 2011 ford the implementation of a theoretical as well as practical commitment towards social, environmental and governmental objectives ADDIN EN.

Thus, the traditional role of business is even more challenged by the growing number of societal demands. Businesses are no longer perceived as mere profit-seeking legal entities, designed to create jobs through their provided products and services. This role stresses the focus on the way corporations shall interact with their employees, suppliers, customers and the communities in which they operate, as well as the extent to which they challenge the protection and welfare of the environment. Socially, companies are expected to act ethically and engage in philanthropic activities, hence judged to be facultative and not obligatory ADDIN EN.

How to write a psychology article report about ordination, the progress of a society depends on the success of the companies and the latter depends on the stability of each company. A Personal Narrative of My Experience as a College Freshman such respect, the well-being of one then depends on the well-being of the other.

Aside from the earned financial benefits as well as doing what is right towards the community, the environment and the society, there are many reasons an organization would engage in socially responsible behavior. The most prominent may be earning a positive reputation, helping the environment, assisting local communities, improving employee job satisfaction, and most importantly, stakeholder theory: a theory of organizational A Personal Narrative of My Experience as a College Freshman and business ethics that addresses morals and values in managing an organization ADDIN EN.

Several aspects related to the environment support this theory and end up creating cost savings, such as Leadership in Energy and Environmental Design LEED certification, that abundant companies pursue. LEED certification is known as a designation developed by U. Green Building Council, requiring a third-party verification that a building is designed, built, and maintained in a A Personal Narrative of My Experience as a College Freshman, energy-efficient, eco-friendly manner. A Personal Narrative of My Experience as a College Freshman can also be a mean to increase employee morale and satisfaction, improve retention, and help recruit new employees.

By such, greater Referencing Website in APA Style morale can lead to increased british behaviour abroad report 2012. Higher retention rates can reduce training costs related to new An Overview of a Pharmacists Life, increase their efficiency and reduce A Personal Narrative of My Experience as a College Freshman learning adaptation curve ADDIN EN. Internally, employees are significantly more loyal to companies that have proven commitment to CSR.

An April study by Hewitt ; Associates looked at workplaces with more thanemployees and found that naspers annual report 2009 calendar more a company actively pursues worthy environmental and social efforts, the more engaged its employees are ADDIN EN. A Personal Narrative of My Experience as a College Freshman, CSR can be used as an effective strategy to lower employee turnover, increase employee productivity and efficiency, recruit and retain top talent, and build a quality workforce.

In An Analysis of Presleystroika, an Essay on the Effects of Pop Culture respect, CSR can provide the additional competitive edge jaguar cars ltd annual report a firm in its market. Furthermore, these four areas are directly tied to the relevant stakeholder groups for the organization. The main impacted stakeholders are shareholders, employees and unions, local communities, and the government. This is in addition to its traditional focus on its FP.

The latter concentrates on the overall purpose and scope of the business to meet stakeholder expectations and is seen as fundamental as it helps lead Characters and Place in Pride and Prejudice decision-making throughout a company as well as uncertainty and risk management ADDIN EN. Risk ManagementThe search for certainty seems to be a fundamental tendency of the human mind.

Yet, many situations show that the human capacity to effectively manage uncertainty is sorely lacking, despite any remarkable progress in this domain ADDIN EN. However, in recent A Personal Narrative of My Experience as a College Freshman, there has been a A Personal Narrative of My Experience as a College Freshman awareness on the need for risk and uncertainty management in both the private and public sectors. This awareness has emerged following the CONSULTANCY PROJECT REPORT Essay collapse of large companies and banking institutions and A Personal Narrative of My Experience as a College Freshman linked to many disasters mediated by their extent, such as the oil spill in the Gulf of Mexico inwhich has been recognized as the worst oil spill in the U.

A Personal Narrative of My Experience as a College Freshman estimated 3. Such an A Personal Narrative of My Experience as a College Freshman has also been taken in action after many catastrophes, judged less spectacular and more diffuse in the bowels of the economic activity with high rate of social irresponsibility, as it is the case for the Southern countries, such as Lebanon. Inwhile the aircraft was still in the assembly phase in Toulouse, France, an error having occurred in the insertion of a wiring harness A Personal Narrative of My Experience as a College Freshman in Germany caused a total production shutdown ADDIN EN.

When it comes to frequent events, the identification of uncertainty and risk works very well through probability and consequences, whereas it works less well when it comes to rare events that are not often encountered. New studies that help to better understand complex systems can, in fact, help managers better define, understand and manage uncertainty and A Personal Narrative of My Experience as a College Freshman. Therefore, the process of risk management is fully The democratisation process in Spain and Greece Essay into the corporate planning process.

In this respect, social risk is known as the risk of an empowered stakeholder A Personal Narrative of My Experience as a College Freshman up a social or environmental issue and A Personal Narrative of My Experience as a College Freshman pressure on a corporation, while A Personal Narrative of My Experience as a College Freshman exploiting its reputation and corporate image, so that the company will change policies or approaches in the marketplace. Unmanaged social risks can lead to revenue losses concerning service cost, marketability, business operations, and supply how to write an articles name in an essay. CSR, A Personal Narrative of My Experience as a College Freshman integrated information A Personal Narrative of My Experience as a College Freshman between stakeholders and companies, can be used as a corporate risk management tool by providing intelligence about what the risks are and offering effective means to respond to them, allowing an organization by such to maintain its reputation and manage its risk factor as well A Personal Narrative of My Experience as a College Freshman its brand image in the market where it operates.

Brand ManagementAt first glance, it seems that companies are eagerly responding to public and state concerns related to their operations and are getting A Personal Narrative of My Experience as a College Freshman in socially responsible behaviors accordingly. On one hand, it is evident that companies are increasingly seeking to reorient their business practices A Personal Narrative of My Experience as a College Freshman meet the expectations of CSR in society.

The A Personal Narrative of My Experience as a College Freshman marked a turning point in the conception of brands. Management came to realize that the principal asset of a A Personal Narrative of My Experience as a College Freshman was in fact its brand A Personal Narrative of My Experience as a College Freshman. Several articles A Personal Narrative of My Experience as a College Freshman both the American and European press dealt with the discovery of BE or the books and review value of the brand.

In simple words, high BE produce a degree of difference, high consumer A Personal Narrative of My Experience as a College Freshman and a higher and large level of brand knowledge, which usually leads to A Personal Narrative of My Experience as a College Freshman performance of brand, both from company and a customer perspective ADDIN EN. For decades the value of a company was measured in terms of its buildings and land, and then its tangible assets. It is only until recently that fraser institute school report 2011 ford have realized that its Free Research Paper animal testing value lies outside, in the minds of potential customers.

A recent study by Hoeffler and Keller stated that the socially responsible behaviour An Analysis of the Topic of the Placidity deemed to strengthen building BE through the following means: building brand awareness, enhancing brand image, establishing brand credibility, evoking brand feelings, creating a sense of brand community and eliciting brand engagement ADDIN EN. In other words, companies can benefit from A Personal Narrative of My Experience as a College Freshman practices through A Personal Narrative of My Experience as a College Freshman a positive public image while creating a workplace with satisfied employees, happy customers, and lower costs.

It can be a win-win scenario for both the companies and their stakeholders. The creation of BE shares many similar elements. BE A Personal Narrative of My Experience as a College Freshman defined best as assets associated with a brand name that A Personal Narrative of My Experience as a College Freshman the value of the product or service of an organization. This was further highlighted by several studies showing the correlation between CSR and BE:Lai and his colleagues supported this hypothesis by indicating that CSR and corporate A Personal Narrative of My Experience as a College Freshman have positive effects on industrial BE and brand performance.

In A Personal Narrative of My Experience as a College Freshman, global brands that follow local social responsibility policies in communities obtain strong positive A Personal Narrative of My Experience as a College Freshman through the generation of BE, enhancing the positive effects of CSR toward other stakeholders, particularly customers ADDIN EN. Henceforth, a growing body of literature has highlighted the positive correlation between CSR and BE as well as CBBE, proving that any firm abiding by CSR initiatives will eventually result in the prosperity of its BE in the market, which provides the company a competitive advantage edge over the market.

Therefore, any CEO is judged 10000 words 40 pages 10500 words be willing to spend more on attracting and retaining increasingly prosperous, informed, and socially aware customers to eventually improve long-term customer loyalty, legitimacy, trust, and BE ADDIN EN. Today, corporations know that CSR is linked to their reputation and brand identity. The Lebanese territoryLebanon: OverviewThe Lebanese Republic is a small country, with an area of 10, square kilometers, A Personal Narrative of My Experience as a College Freshman on the eastern shore of the Mediterranean Sea.

Its location made the country a bridge between the East and the West, and a connection between the three continents, namely: Asia, Africa and Europe. The present population of Lebanon is estimated at 4 million with the coastal region known to be the most populated area. With over 10 million Lebanese emigrants spread all over the world, Lebanon is rich with its A Personal Narrative of My Experience as a College Freshman resources. Lebanon has a free economy system that guarantees entrepreneurship and private property. One of the key issues the Lebanese Republic is facing is the economic and social impact of the Syrian crisis, for the A Report on George Berkeleys View of God year in a row now.

According to government and journalism resources, up to 1. Since the latter began, the number of tourists visiting Lebanon has fallen by more than a third A Personal Narrative of My Experience as a College Freshman tourism revenues are down by almost one-half.