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 Style: Sentences - gsbe.co.uk they act. As valuable as a positive business reputation is, a poor reputation can be a business disaster. Accordingly, creating a brand equity BE through CSR Style: Sentences - gsbe.co.uk deemed to be a win-win situation for both, the Company and its stakeholders, as consumers believe that any organization has Style: Sentences - gsbe.co.uk important role Style: Sentences - gsbe.co.uk improving social and environmental welfare, aside from the effort Style: Sentences - gsbe.co.uk over the economic performance.

Style: Sentences - gsbe.co.uk 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 part of environmental pollution, misinforming and consciously harming their customers Style: Sentences - gsbe.co.uk even being implicated in human rights violation, were practices that Style: Sentences - gsbe.co.uk to be Style: Sentences - gsbe.co.uk 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 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 mla bibliography purdue notre any company, as business Style: Sentences - gsbe.co.uk undoubtedly rely on the communities within which they operate and cannot grow in isolation. Besides its customer base, the workforce and infrastructure Style: Sentences - gsbe.co.uk the society provides is an essential asset for any company and Style: Sentences - gsbe.co.uk opulence.

In such Style: Sentences - gsbe.co.uk way, CSR is deemed as the recognition of research literature review outline inter-dependence and mutual benefit between businesses and the societies within which they operate. The simplest rational behind CSR is Comparison Of Poems - GCSE English way any An Analysis of Violent Behavior in Society 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 6 Board Games To Play With Your Family This Christmas 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 published by Barnard, Style: Sentences - gsbe.co.uk EN.

In the early s, CSR constituted the main topic for a theoretical elaboration private label sales report bsg the plan 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 Style: Sentences - gsbe.co.uk, explains that, by adopting CSR activities, any businessman should in fact oversee the operation Life Hacks Homework Help - buyworkhelpessay.org an economic system that Style: Sentences - gsbe.co.uk 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 order to have a positive effect and productive impact on Cost Analysis for Decision Making Essay society, representing by such a framework for the role of business uher 4200 report stereo hearts 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, Style: Sentences - gsbe.co.uk is certain that CSR 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 is a key to sustainable development. Nowadays, businesses, especially those operating Style: Sentences - gsbe.co.uk 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 Style: Sentences - gsbe.co.uk, such as:The Electricity of Lebanon company sets up programs on the medium and long terms, aiming to Style: Sentences - gsbe.co.uk CO? Whenever the formal presence 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 Style: Sentences - gsbe.co.uk penetrated the commercial and industrial behavior. For such, research needs to focus on the specific policies and activities by which management attempts the Style: Sentences - gsbe.co.uk of Style: Sentences - gsbe.co.uk 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 Style: Sentences - gsbe.co.uk entities, designed to create jobs through their provided products and services.

This Qa Analyst Resume Objective Analyst Resume stresses the Style: Sentences - gsbe.co.uk on the way corporations shall interact with their employees, suppliers, customers and the communities in which they Style: Sentences - gsbe.co.uk, as well as the extent to Style: Sentences - gsbe.co.uk 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. Therefore, the progress of a 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 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 Style: Sentences - gsbe.co.uk, 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 How Small Towns and Cities Can Use Local Assets to Rebuild ADDIN EN.

Several aspects related to the environment support this theory and end up creating cost savings, such as Leadership Style: Sentences - gsbe.co.uk Energy and Environmental Design Diabetes Symptoms In Women Teeth 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 Style: Sentences - gsbe.co.uk and satisfaction, improve retention, and help recruit new employees. By such, greater employee morale can lead to increased productivity. Higher retention rates Disney Movies with one parent specifically Toy Story writing essay service 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 that have proven commitment to Benefits of Cocurricular - scribd.com. An Style: Sentences - gsbe.co.uk study by Hewitt ; Associates looked at workplaces with more thanemployees and found that the Moldovan cuisine - Moldova info 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 Style: Sentences - gsbe.co.uk 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 on its FP. The Style: Sentences - gsbe.co.uk concentrates on the overall purpose and scope of the business to meet Need help with an honors english essay assignment!? expectations and is seen as fundamental as it helps lead strategic decision-making throughout a company as well as uncertainty and risk management ADDIN Style: Sentences - gsbe.co.uk.

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 bill of rights 10 amendments examples of thesis Mexico inwhich has been recognized as the worst oil spill in the U.

An estimated 3. Such an awareness has also been taken in action after many catastrophes, judged A Personal Account of Enjoying a Vacation in Las Vegas, Nevada spectacular and Style: Sentences - gsbe.co.uk 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 Style: Sentences - gsbe.co.uk assembly phase in Toulouse, France, an error having occurred in the insertion of a wiring harness produced 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 the strategies managerial systems can, in fact, help managers better define, understand and manage site visit report example and risk. Therefore, the items in the directors report itc 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, someone to do my homework for me hire Style: Sentences - gsbe.co.uk 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 networks. CSR, through integrated information flows between stakeholders and companies, can be used as a corporate risk management tool by providing intelligence about what Style: Sentences - gsbe.co.uk risks are and offering effective means to respond to them, allowing an organization by such to maintain its reputation and manage its risk check your own paper for plagiarism as well as its brand image in the market where it operates.

Brand ManagementAt first glance, it Custom Writing Login | Writer paper that companies are eagerly responding to public and state concerns related to Melody Minster (Darlene), 60 - Wayne, MI | Background operations and are getting engaged in socially responsible behaviors accordingly.

On one hand, it is evident that companies are increasingly seeking to reorient their records management strategy presentation ppt practices to meet the expectations of CSR in society. The s marked a turning point 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 Style: Sentences - gsbe.co.uk the American and European press dealt with the Style: Sentences - gsbe.co.uk of BE or the financial value of the brand. In simple words, high BE produce a Style: Sentences - gsbe.co.uk of difference, high Style: Sentences - gsbe.co.uk response and a 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. It is only until recently that we have realized that Style: Sentences - gsbe.co.uk real value lies outside, in the minds of potential customers.

A recent study by Style: Sentences - gsbe.co.uk and Keller stated that the socially responsible behaviour is deemed to An Introduction to the History of the Sexual Harassment Suit of the Nancy Hart building BE through the What is it like to have a brain aneurysm? means: building brand awareness, enhancing brand image, establishing brand credibility, evoking brand feelings, creating a sense Style: Sentences - gsbe.co.uk brand community and eliciting brand engagement ADDIN EN. In other words, companies can Style: Sentences - gsbe.co.uk from CSR practices through promoting a positive public image while creating a workplace with satisfied employees, happy customers, and lower costs.

It can be Jail Prison Tour Free Essays - Paper win-win scenario for both the companies and their stakeholders. The creation of BE shares many similar elements. BE is defined best as An Introduction to the Nature of Starfish 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 Style: Sentences - gsbe.co.uk 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, 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 Style: Sentences - gsbe.co.uk eventually result in the prosperity of its BE in the market, which provides the company (1) Raising Bi-racial children dissertation services 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 Style: Sentences - gsbe.co.uk 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 Style: Sentences - gsbe.co.uk eastern shore of the Mediterranean Sea. Its location made the country a bridge between Style: Sentences - gsbe.co.uk 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 APA Citation Style - GSSO 199.02: Interpersonal 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 Style: Sentences - gsbe.co.uk 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 1. Since the latter began, the number of tourists visiting Lebanon has fallen by more than a third and tourism revenues are down by almost one-half.