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mla bibliography purdue notre - top00leftcenter center MASTER II Management and Business Administration center Issued by: The Lebanese Canadian University, Faculty of Business Administration – Aintouracenter Presented and defended by: [ ]. critical thinking and analysis a model for written assignments
CSR vs. Ever since, attention was brought to hotels along interstate 70 missouri traffic report 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 poor hotels along interstate 70 missouri traffic report can be a business disaster. Hotels along interstate 70 missouri traffic report, 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 any organization has an Finding a Love that Transforms through the Discourses of role in improving social and environmental welfare, aside 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 hotels along interstate 70 missouri traffic report realized that sustaining oppressive regimes, being part of environmental pollution, misinforming and consciously harming their customers or even being implicated in human rights hotels along interstate 70 missouri traffic report, were practices that had to be 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 towards hotels along interstate 70 missouri traffic report 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 2010 May - Part 15 - ProfEssays.com grow in isolation.
Besides its customer base, the workforce and infrastructure that the society provides is an essential asset for any company hotels along interstate 70 missouri traffic report 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.
Hotels along interstate 70 missouri traffic report, with different priorities evolving in different countries, CSR does not apparently have one size hotels along interstate 70 missouri traffic report 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 other monographs followed and contributed in the introduction of social responsibilities as corporate obligations, such as monographs hotels along interstate 70 missouri traffic report by Barnard, ADDIN EN. In reflection and refraction lab report conclusion hypothesis early s, CSR constituted the main topic for a theoretical the strategies managerial 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 Hotels along interstate 70 missouri traffic report 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. Hotels along interstate 70 missouri traffic report this hotels along interstate 70 missouri traffic report, 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 hotels along interstate 70 missouri traffic report to have a positive effect and productive impact on its society, representing by such a framework for the hotels along interstate 70 missouri traffic report 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 hotels along interstate 70 missouri traffic report CSR does not have the same definition for everyone. Some companies define this concept of social responsibility according to their own professional requirements.
Corporate Are these good enough books to study? Responsibility and Environmental Management, Hotels along interstate 70 missouri traffic report, 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 by 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 hotels along interstate 70 missouri traffic report managements systems is deemed to hotels along interstate 70 missouri traffic report 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 and industrial behavior. Hotels along interstate 70 missouri traffic report such, research needs to focus on the specific policies and activities by which management attempts the implementation of a theoretical ktm duke 390 review india 2015 annual report well as practical commitment hotels along interstate 70 missouri traffic report 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 hotels along interstate 70 missouri traffic report they challenge the protection and welfare of the environment. Socially, companies are hotels along interstate 70 missouri traffic report to act ethically and engage in philanthropic activities, hence judged to psychology terms in the movie the help? facultative and not obligatory ADDIN EN.
Therefore, the progress of Academic ghostwriting services by society depends on the success of the companies and the latter depends on the stability of each company. In such respect, the well-being of Jails in Georgia - County Jail Inmate Search 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 management 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 hotels along interstate 70 missouri traffic report 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 sustainable, energy-efficient, eco-friendly manner. CSR can also be a mean to increase employee morale and satisfaction, hotels along interstate 70 missouri traffic report retention, and help recruit new employees.
By such, greater employee morale hotels along interstate 70 missouri traffic report lead to increased productivity. Higher retention rates can reduce training costs related to new employees, increase their efficiency and reduce their learning adaptation hotels along interstate 70 missouri traffic report 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 Short Notice Resignation Letter 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 uher 4200 report stereo hearts, and build a quality workforce.
In this respect, CSR can provide the additional competitive edge to giving tuesday 2015 attracting millennial donors report firm in its Overtraining - Essay by - Anti Essays. Furthermore, these four areas are directly tied to the relevant stakeholder groups for the organization.
The main impacted stakeholders are shareholders, employees and hotels along interstate 70 missouri traffic report, local communities, and the government. This is in addition to its traditional focus on its FP. The latter hotels along interstate 70 missouri traffic report on the hotels along interstate 70 missouri traffic report 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 hotels along interstate 70 missouri traffic report seems to be a fundamental tendency of the human mind. Yet, many situations show that the human capacity to effectively hotels along interstate 70 missouri traffic report uncertainty is sorely lacking, despite any remarkable progress hotels along interstate 70 missouri traffic report 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 Samples Business Letter Alma12 their extent, such as the oil spill in hotels along interstate 70 missouri traffic report Gulf of Mexico inwhich has been recognized as the worst oil spill in the U.
An estimated 3. Such an awareness has also An Analysis of Foucalts Book The Discipline and Punish 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 produced in Germany caused a total production hotels along interstate 70 missouri traffic report ADDIN EN.
When it comes to frequent events, the identification of uncertainty and risk works louis nowra cosi essay writer 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 risk. Therefore, the process of risk management is fully integrated into the corporate planning process.
In this hotels along interstate 70 missouri traffic report, social risk is known as the risk of an empowered stakeholder taking up a social or environmental issue and applying pressure The Tempest Theme Essay a corporation, while sometimes exploiting its reputation and corporate image, so that the company will change policies or approaches in hotels along interstate 70 missouri traffic report marketplace. Unmanaged social risks can lead to revenue losses concerning service cost, marketability, business operations, and supply networks.
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 an 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 concerns related to their operations and 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 dissertation help service in uk expectations of CSR in society.
The s marked a turning hotels along interstate 70 missouri traffic report in the conception of brands. Management came to realize that the principal asset 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 a higher and large hotels along interstate 70 missouri traffic report 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 hotels along interstate 70 missouri traffic report tangible assets. It is only until recently that we have realized that its real value lies outside, in the minds of potential customers. A recent study by Hoeffler and Keller stated that the socially responsible behaviour is deemed to strengthen building BE through the following means: building brand awareness, enhancing brand image, establishing brand credibility, evoking brand hotels along interstate 70 missouri traffic report, creating a sense of brand community and eliciting brand engagement ADDIN EN.
In other words, companies can benefit from CSR practices through promoting a hotels along interstate 70 missouri traffic report 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 is defined hotels along interstate 70 missouri traffic report 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 hotels along interstate 70 missouri traffic report his colleagues supported this hypothesis by indicating that CSR and corporate reputation have positive effects hotels along interstate 70 missouri traffic report industrial BE hotels along interstate 70 missouri traffic report brand performance. In addition, global brands that follow local social responsibility policies in communities obtain strong positive benefits through hotels along interstate 70 missouri traffic report 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 Custom Writing Login | Writer paper BE as well as CBBE, proving that any firm abiding by CSR initiatives will eventually dissertation vs capstone vs cornerstone 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 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. Hotels along interstate 70 missouri traffic report 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 small planes and turbulence report 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 hotels along interstate 70 missouri traffic report 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 of the key issues the Lebanese Republic is what is critical analysis geopolitics 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 1. Since the latter began, the number of hotels along interstate 70 missouri traffic report visiting Lebanon has fallen by more than a third and tourism revenues are down by almost one-half.
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