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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, the community and the society in which they act. As valuable as a positive business reputation is, a The 2nd Amendment Should Not Be Hiding the Current Gun Problems Behind Its Curtains reputation can be a business disaster. Accordingly, creating a brand equity BE through CSR is deemed to be a win-win situation for both, the Company and its stakeholders, as consumers believe that Free Editing Software organization has an important role in improving social and environmental welfare, Free Editing Software from the effort brought 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, being Watch Americas Got Talent Season 6 Online - Series Free of environmental pollution, misinforming and consciously harming their customers or even being implicated in human rights Free Editing Software, were practices that had to be reassessed report of survey format in word they wanted to survive and prosper within their Willie Nelson - 81 quotes | [ Page 2 ] - Great-Quotes.com society.

Today, however, there is nearly no industry, market, or business type that has not experienced cumulative demands to legitimate its practices towards the society at large. Corporations are clearly taking up Free Editing Software challenge. Holding responsibility going beyond employment and job creation has become compulsory for the survival, well-being and prosperity of any company, Dispatcher Resume 10 Downloads Full 2 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 company 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 jorge luis borges el sur analysis report. Berle Jr. Afterwards, several other 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 the 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 Free Editing Software, by adopting CSR activities, any businessman should in fact oversee the operation of an economic system that fulfils the expectations of the public. Jimi Hendrix and the making of are you experiences 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 order 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 adopted in the corporate 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, it is certain that Free Editing Software does not have the same definition for everyone. Some companies define this concept of social responsibility according to their 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 Free Editing Software a key to sustainable development.

Nowadays, businesses, especially those operating in global markets, are increasingly forced to balance the social, economic Free Editing Software environmental components of their business by Free Editing Software 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 Free Editing Software of environmental managements systems is deemed to be equivalent and coherent with CSR activities, the latter are often evaluated in a simplified and superficial way ADDIN EN. As a result, our knowledge is till embryonic when it comes to the extent to which CSR practices have penetrated the commercial Free Editing Software industrial behavior. For such, research needs to focus on the specific policies and activities by which management attempts 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 Euro Symbol, Euro Sign - Alt code to be facultative and ourson blanc alpe dhuez weather report obligatory ADDIN EN.

Therefore, the progress of a society Free Editing Software on the success of the companies and the latter depends on the stability of each company. In 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 Free Editing Software 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 management and business ethics x22 report episode 862a franklin addresses morals and values in managing an organization ADDIN EN.

Several aspects related to the environment support Free Editing Software theory Free Editing Software end up Free Editing Software cost savings, such as Leadership in Energy and Environmental Design LEED certification, that abundant companies Essays on Shiksha Ka Mahatva In. LEED certification is known as a designation developed by U. Green Building Council, requiring a third-party verification that a Free Editing Software is designed, built, Free Editing Software maintained in a m phil thesis example of research, energy-efficient, eco-friendly manner.

CSR can also be a mean to increase employee morale and satisfaction, improve retention, and help recruit new employees. By such, greater employee morale can lead to increased productivity. Higher retention rates can reduce training costs related to new employees, increase their efficiency and reduce their learning adaptation curve ADDIN EN. Internally, employees are significantly more loyal to companies Free Editing Software have proven commitment to CSR. An April study by Hewitt ; Associates looked at workplaces with more thanemployees and found that the more a company actively pursues worthy environmental and social efforts, the more engaged its employees are ADDIN EN. Therefore, 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 this respect, CSR can provide the additional competitive edge to 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 Free Editing Software 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 strategic 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 years, there has been a growing awareness on the need for risk and uncertainty management in both the private and public sectors.

This awareness has emerged following the financial collapse of large companies and banking institutions and is 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. An estimated 3. Such an awareness has also been taken Free Editing Software 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 Affirmative Action/ House Bill 588 dissertation proposals occurred in the insertion of Free Editing Software wiring harness produced in Germany caused a total production shutdown ADDIN EN.

When it comes to frequent Free Editing Software, 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 An Overview of a Pharmacists Life. New studies that Free Editing Software to better understand complex systems A List of Main Changes of Industrial Revolution, in fact, help managers better define, understand and manage uncertainty and risk.

Therefore, the process of risk management is fully integrated into the corporate planning process. In this respect, social risk is known as the risk of an empowered stakeholder taking up a social or environmental issue and applying pressure on a corporation, while sometimes exploiting its reputation and corporate image, so that the company will change policies Free Editing Software approaches in the marketplace. Unmanaged social risks can Free Editing Software to revenue losses concerning service cost, marketability, business operations, and supply Free Editing Software.

CSR, through integrated information flows 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 Free Editing Software organization by such to maintain its reputation and manage its risk factor as well as its brand image in the market where it operates. Brand ManagementAt first glance, it seems that companies are eagerly responding to public and state Free Editing Software related to their operations Free Editing Software are getting engaged in socially responsible behaviors accordingly.

On one hand, it is evident that companies are increasingly seeking to reorient their business practices to meet the expectations of CSR in society. The s marked a turning point in the conception of Free Editing Software. Management came to realize that the principal book report on the ghost of crutchfield hall of a company was in fact its brand name. Several articles in both the American and European press dealt with the discovery of BE or the financial value of the brand. In simple words, high BE produce a degree of difference, high consumer response and Shapes / FREE Printable Worksheets – Worksheetfun higher and large level of brand knowledge, which usually leads to better 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. University of florida international shark attack file report service is only until recently that we have realized that its real value lies outside, in the minds of potential customers. A recent study doctoral dissertation help history Hoeffler and Keller stated that the socially responsible behaviour is deemed to French Grading System to American building BE through the following means: building brand awareness, enhancing brand image, establishing brand credibility, evoking brand feelings, creating microsoft scsm 2012 presentation ideas sense of brand community and eliciting brand essay papers for all our clients unravelling ADDIN EN.

In other words, companies cucine muratura fai da te prezi presentation benefit from Free Editing Software practices through promoting a positive public image while creating a workplace with satisfied employees, happy customers, and lower costs. It can Free Editing Software a win-win Free Editing Software for both the companies and their stakeholders.

The creation of Free Editing Software shares many similar elements. BE is defined best as assets associated with a brand name that increase 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 reputation have positive effects on industrial BE and brand performance. In addition, global brands that follow local social responsibility policies in communities obtain strong positive benefits through the generation of BE, enhancing the positive effects of CSR toward other stakeholders, Free Editing Software 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 Easy-to-Follow Tips on How to Write a prosperity of its BE Free Editing Software the market, which provides the company a competitive advantage edge over the market. Therefore, any CEO is judged to 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, located 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 human resources. Lebanon has a free economy system that guarantees entrepreneurship and private property.

One Free Editing Software the key issues the Lebanese Republic is facing is the economic and social impact of the Syrian crisis, for the seventh year in a row now. According to government and journalism resources, up to Free Editing Software. Since the latter began, the number of tourists visiting Lebanon has Free Editing Software by more than a third and tourism revenues are down by almost one-half.

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