Upload File

business social responsibility 2004

prev
next
out of 12
Download Business Social Responsibility 2004

Upload: japjiv-singh

Post on 14-Apr-2018

217 views

Category:

Documents


0 download

Report

TRANSCRIPT

  • 7/29/2019 Business Social Responsibility 2004

    1/12

    TWO TOPICS

    ECONOMIC THEORY ANDBUSINESS SOCIAL

    RESPONSIBILITY ROLE OF BUSINESS SOCIAL

    RESPONSIBILITY IN

    DEVELOPMENT

  • 7/29/2019 Business Social Responsibility 2004

    2/12

    THE MANY DIMENSIONS OF BUSINESSSOCIAL RESPONSIBILITY

    1. One can do well by doing good- Acting in a responsible manner can be good for profits

    2. Good business goes beyond maximizingshareholder value - There are multiplestakeholdersworkers, customers,communities- A broader view of corporate governance

    - Reflected in many European countries legislation

  • 7/29/2019 Business Social Responsibility 2004

    3/12

    KEY QUESTION

    Why cant we simply rely on firmsmaximizing market value

    Adam Smiths Invisible Hand suggeststhat doing so will lead to efficiency

    Modern economic theory helps explainwhy maximizing shareholder valuedoes not lead to economicefficiency

  • 7/29/2019 Business Social Responsibility 2004

    4/12

    ADAM SMITHS INVISIBLE HAND

    Adam Smiths Invisible Hand said that pursuing self-

    interest leads to economic efficiency

    - But does not ensure either social justice, thepreservation of the environment, or human rights

    Many market failures involve externalitiesincludingenvironmental failures

    - When there are these market failures,

    maximizing shareholder value does not let toefficiency or societal well being

  • 7/29/2019 Business Social Responsibility 2004

    5/12

    NEW UNDERSTANDING OFMARKET FAILURES

    Far more extensive--when information isimperfect and markets incomplete, the reasonthat the invisible hand often seems invisiblebecause its not there

    - Corporate greed in the 90s did not leadeven to maximization of long-termshareholder value, let alone interests ofothers, including the economy in general

    - Often took advantage of imperfect and asymmetricinformation Scandals involving investment banks, accountants,

    mutual funds, etc.

  • 7/29/2019 Business Social Responsibility 2004

    6/12

    Recognizing that self-interest in animperfect guide restores the need formorality in economic behavior ofbusinesses Market Failures provide important

    rationale for Regulation-Environment

    -Conflict of interest Self-regulation, morality may be moreflexible than regulation

    MORALITY AND REGULATION

  • 7/29/2019 Business Social Responsibility 2004

    7/12

    BUSINESS SOCIAL RESPONSIBILITY:DEVELOPING COUNTRY CONTEXT

    Important role for business social responsibility indeveloping countries

    - Especially since regulatory structures highly

    imperfect- And moral values often stop at national borders

  • 7/29/2019 Business Social Responsibility 2004

    8/12

    PARTICULAR AREAS OF CORPORATERESPONSIBILITY RELEVANT TO

    DEVELOPING COUNTRIES

    a. Promoting development:Through training

    Supporting affirmative actionprogramsSupporting government efforts to

    increase efficiency and efficacy ofpublic services

  • 7/29/2019 Business Social Responsibility 2004

    9/12

    b. Competition, corporategovernance, securities markets:

    General principle: Do not takeadvantage of lack of adequateregulation (e.g. for environment,

    consumer protection, anti-trust)

    PARTICULAR AREAS OF CORPORATERESPONSIBILITY RELEVANT TO

    DEVELOPING COUNTRIES

  • 7/29/2019 Business Social Responsibility 2004

    10/12

    c. Environment:

    Even when corporations can getaway with spoiling environment,they shouldnt do it

    PARTICULAR AREAS OF CORPORATERESPONSIBILITY RELEVANT TO

    DEVELOPING COUNTRIES

  • 7/29/2019 Business Social Responsibility 2004

    11/12

    d. Transparency, corruption, conflict: Do not take advantage of opportunities for bribery and

    corruption Take active stance to reduce corruption Secret bank accounts Extractive industries transparency initiative Support policies like Conflict Diamonds

    e. Human rights: Especially important in period in which human rights are

    being attacked on many fronts

    Liability laws (Alien Torts Act) may help aligncorporate interests with general interests

    PARTICULAR AREAS OF CORPORATERESPONSIBILITY RELEVANT TO

    DEVELOPING COUNTRIES

  • 7/29/2019 Business Social Responsibility 2004

    12/12

    Markets are at the center ofsuccessful development

    - But confidence in markets willdepend on how responsiblybusinesses behave

    BUSINESS SOCIAL RESPONSIBILITY:DEVELOPING COUNTRY CONTEXT


Corporate Social Responsibility Report - Scotiabank · 2011-11-22 · 2004 Scotiabank Corporate Social Responsibility Report 5 Scotiabank in the community An important part of being

Corporate Social Responsibility The Meaning of Corporate Social Responsibility How Corporate Social Responsibility Began The Corporate Social Responsibility

Corporate Social Responsibility Social

Garriga, E. y Melé, D. (2004). Corporate Social Responsibility Theories

Social responsibility

Corporate Social Responsibility - Telstra · PDF fileCorporate Social Responsibility ... the Sensis Directory Recycling Program. In 2004, 79% of old directories were recycled through

IMPLEMENTASI CORPORATE SOCIAL RESPONSIBILITY … fileIMPLEMENTASI CORPORATE SOCIAL RESPONSIBILITY DALAM

PowerPoint Presentation€¦ · Junior CSR Children Social Responsibility CSR Corporate Social Responsibility CSR Customer Social Responsibility ISR Individual Social Responsibility

Business Social Responsibility Describe Social Responsibility Identify benefits and cost of social responsibility

Corporate Social Responsibility...Corporate Social Responsibility Report 2 Corporate Social Responsibility Annual Report 2009 2 Annual Report 2009 Social Responsibility Policy. Principles

The effect of Corporate Social Responsibility (CSR) on ... · 6 Introduction Corporate Social Responsibility (CSR) is emerging as a key issue in international business [Bakan 2004;

Promotion of Corporate Social Responsibility November 23, 2004 Tomosaburo Yano METI

DEVELOPING A WHOLISTIC SOCIAL RESPONSIBILITY PROGRAM … · 2004. 11. 1. · DEVELOPING A WHOLISTIC SOCIAL RESPONSIBILITY PROGRAM IN A DEPARTMENT OF SURGERY IN THE PHILIPPINES Jeffy

corporate social responsibility - ERIKS Stoomslangen · Corporate Social Responsibility 5 Supply Chain Definition 7 Social Responsibility 9 Environmental Responsibility 13 Business

((((((social Responsibility

Corporate Social Responsibility and Related · PDF file1 Corporate Social Responsibility and Related Terms PART I Corporate Social Responsibility Strategic Corporate Social Responsibility

CO-REGULATION AND CORPORATE SOCIAL RESPONSIBILITY · CO-REGULATION AND CORPORATE SOCIAL RESPONSIBILITY * ... Oxford, 2004. For a critical appraisal of the literature on governance,

Corporate Social Responsibility (CSR) and the …Corporate Social Responsibility (CSR) and the electronics sector: issues, products and supply chains BCSD - TAIWAN 20th December 2004

Social Entrepreneurship: A Form of Social Responsibility ... · Social Entrepreneurship: A Form of Social Responsibility in India 24 Corporate Social Responsibility Corporate Social

2015 Social Responsibility Report - r.lvmh- · PDF fileThis 2015 Social Responsibility Report describes the LVMH group’s corporate social responsibility ... Main social responsibility

Business Ethics and Corporate Social Responsibility 2013831055... · 2015. 6. 30. · Business Ethics and Corporate Social Responsibility 2013 10 2004). An example of such is a clear

Draft Corporate Social Responsibility & Accountability … · Draft Corporate Social Responsibility & Accountability in Rural & Indigenous ... Draft Corporate Social Responsibility

The Public Role of Private Enterprise summary 2004-2006 abstracts from reports and working papers of the corporate social responsibility initiative contents i. corporate social responsibility

CORPORATE SOCIAL RESPONSIBILITY AND SOCIAL POLICY …httpAuxPages... · CORPORATE SOCIAL RESPONSIBILITY AND SOCIAL POLICY IN ZAMBIA BY ... corporate social responsibility has influenced

Social Responsibility At The Academic Level. Study … Responsibility At The Academic Level. ... In the last decades the corporate social responsibility ... social responsibility,

Corporate Social Responsibility Report 2004Corporate Social Responsibility Report 2004 コクヨCSR報告書2004 01 02 コクヨCSR報告書2004 CONTENTS コクヨCSR報告書 2004

Promotion of Corporate Social Responsibility November 23, 2004 Tomosaburo Yano METI

3. MAPFRE AND SOCIAL RESPONSIBILITY...17 ANNUAL REPORT 2005 REPORT ON SOCIAL RESPONSIBILITY • MAPFRE and social responsibility ° Integral management of social responsibility by

Environment and Social Responsibility Report 2004€¦ · AGILENT ENVIRONMENT AND SOCIAL RESPONSIBILITY REPORT 2004 Our actions Climate change – global change, global action Climate

Corporate Social Responsibility. Corporate Social Responsibility Corporate Social Responsibility Ethics Ethics Corporate Citizenship Corporate Citizenship

No. 20-2004 ICCSR Research Paper Series - ISSN 1479 … as a driver... · International Centre for Corporate Social Responsibility ... Government as a Driver of Corporate Social Responsibility:

University Social Responsibility: A social transformation ...quest.uprrp.edu/.../university_social_responsibility.pdf · University Social Responsibility: A social transformation

Corporate Social Responsibility and Ethical Exchange ... · Corporate Social Responsibility and Ethical Exchange Behavior ... “Corporate Social Responsibility, Ethics, ... social

Corporate Social Responsibility & Social Business Models in India · Corporate Social Responsibility & Social Business Models in India Corporate Social Responsibility & Social Business

We care by delivering results - Vodafone · Corporate Social Responsibility Report April 2003 - March 2004 4 MESSAGE FROM THE CHIEF EXECUTIVE Corporate Social Responsibility is a