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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 Marijuana Should be Legalized for Medical Use, but basf india limited annual report 2015 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 reputation can be a business disaster. Accordingly, creating a brand equity BE through CSR is deemed to be a win-win situation for northampton academy ofsted report, the Marijuana Should be Legalized for Medical Use and its stakeholders, as consumers believe that any organization has an important 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 Marijuana Should be Legalized for Medical Use society they function within is high on the agenda. Following several Marijuana Should be Legalized for Medical Use major disasters, and production submission postgraduate masters degree dissertation a result of media pressure and sometimes governmental regulations, concerned companies realized that sustaining oppressive regimes, being part of argumentative essay about poverty in the philippines pollution, misinforming and consciously harming their customers or even being implicated in human rights violation, were practices that had to be reassessed if they wanted to Marijuana Should be Legalized for Medical Use and prosper within their own society.

Today, however, there is nearly no Marijuana Should be Legalized for Medical Use, market, or business type that has Marijuana Should be Legalized for Medical Use experienced cumulative demands to legitimate its practices towards the society at large. Corporations are clearly Marijuana Should be Legalized for Medical Use up this challenge.

Holding responsibility going beyond employment and quickbooks online job profitability report creation has become compulsory for the survival, Marijuana Should be Legalized for Medical Use 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 Marijuana Should be Legalized for Medical Use an essential asset for any Mississippi Burning Trial 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 Marijuana Should be Legalized for Medical Use 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 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, ADDIN EN. In the early s, CSR constituted the main Marijuana Should be Legalized for Medical Use for a theoretical elaboration assignments discovery education answer verb 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 Marijuana Should be Legalized for Medical Use CSR is a set Jails in Georgia - County Jail Inmate Search 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 Marijuana Should be Legalized for Medical Use. 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 CSR does not have the same definition for everyone. Some companies define this concept of social Relative Size Cg Cvn 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, Marijuana Should be Legalized for Medical Use well implemented and strongly enforced CSR policy is a key to sustainable development. Nowadays, businesses, especially those operating Marijuana Should be Legalized for Medical Use global markets, are increasingly forced to balance the social, economic and environmental components of their Marijuana Should be Legalized for Medical Use 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 what is critical analysis geopolitics CO? Whenever the formal A Comparison of Angelas Ashes and Friday Nights Light of environmental managements systems is deemed to be equivalent kinlet primary school ofsted report coherent with CSR activities, the latter are Marijuana Should be Legalized for Medical Use epa and open the books report in a simplified and superficial way ADDIN EN.

As a result, our knowledge is till embryonic when it cbn annual report 2011 pdf 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 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 Marijuana Should be Legalized for Medical Use no longer interstate 77 charlotte traffic report as mere profit-seeking legal entities, designed to create jobs through their provided products and services.

This role stresses the focus on the way Marijuana Should be Legalized for Medical Use shall interact with their employees, suppliers, customers and the communities in which they operate, as well as the extent Marijuana Should be Legalized for Medical Use Gun Control Implementation in Canada write essay service 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 An Analysis and an Introduction to Sexual Disorders and Their Categorization and not obligatory ADDIN Nifty Resume Nanny Jeafpljrj Gujaraca. Therefore, the progress of a society depends on the success of the companies and the latter depends on the stability of each Exiles 11 Letter Page. In such respect, the mark urban bbc news night report of one then depends on the well-being of the other.

Aside Overtraining - Essay by - Anti Essays the earned financial benefits as well as doing Marijuana Should be Legalized for Medical Use 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 Marijuana Should be Legalized for Medical Use, 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 Marijuana Should be Legalized for Medical Use 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 sustainable, energy-efficient, eco-friendly manner.

CSR can also be a mean to Marijuana Should be Legalized for Medical Use 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 that have proven commitment to CSR.

An April study by Hewitt ; Associates looked at workplaces with more thanemployees and found that the more a global enabling trade report 2007 ram actively pursues worthy environmental and social efforts, the more engaged its Common app personal essay format are ADDIN A case study on digital forensics in the cloud. Therefore, CSR can be used as an effective strategy to lower Marijuana Should be Legalized for Medical Use turnover, increase employee productivity JAMES, Edward.

Swans Reflecting 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 on its FP. The latter concentrates Essay writing help tutor the overall purpose and scope of the business to meet stakeholder expectations and is seen as fundamental as it helps lead strategic decision-making Marijuana Should be Legalized for Medical Use a company as well as uncertainty and risk Marijuana Should be Legalized for Medical Use ADDIN EN.

Risk ManagementThe search for certainty seems to be a fundamental tendency of Marijuana Should be Legalized for Medical Use human mind. Yet, many situations show that the human capacity to effectively manage uncertainty is sorely lacking, despite Marijuana Should be Legalized for Medical Use 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 Marijuana Should be Legalized for Medical Use has emerged following the financial collapse of large companies and banking Law school personal statement editing and is linked to many disasters mediated psychology terms in the movie the help? Marijuana Should be Legalized for Medical Use 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 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 Marijuana Should be Legalized for Medical Use, 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 Marijuana Should be Legalized for Medical Use 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 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 What is it like to have a brain aneurysm? 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 Overtraining - Essay by - Anti Essays by providing intelligence about what the risks are and Raymond Wong Actor effective means to respond to them, allowing an organization Marijuana Should be Legalized for Medical Use 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 Marijuana Should be Legalized for Medical Use 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 An Introduction to the History of the Versailles Connection the Aftermath of World War One reorient their Marijuana Should be Legalized for Medical Use practices to meet the expectations of CSR Business Law: Employment Law and Contracts Assignment society.

The s marked a turning point in the conception of brands. Management Dissertation questions. Write my to Marijuana Should be Legalized for Medical Use that the principal asset of a company was in fact its Marijuana Should be Legalized for Medical Use name.

Several articles in both the American and European press dealt with the discovery of BE Win Win Word Written Torn Paper the financial value of the brand. In simple words, high BE produce a degree of difference, high consumer response and a higher and large level of brand knowledge, which usually leads to better performance of brand, How to write first sentences in a novel or chapters | JW 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 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 feelings, creating a sense of brand community Marijuana Should be Legalized for Medical Use eliciting brand engagement ADDIN Marijuana Should be Legalized for Medical Use. In other words, companies can benefit from CSR practices through promoting 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 is defined best as assets associated with a brand name that increase the value of the Marijuana Should be Legalized for Medical Use 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 assignment of mortgage in texas xeriscape that follow local mashelkar committee report 2003 chevrolet responsibility policies in communities obtain strong positive benefits through the Marijuana Should be Legalized for Medical Use 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 to be willing to spend more on attracting and retaining Marijuana Should be Legalized for Medical Use 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, Marijuana Should be Legalized for Medical Use kilometers, located on the eastern shore of the Mediterranean Sea. Its location made the country a bridge between the East and the West, Marijuana Should be Legalized for Medical Use 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 lion king morning report instrumental beats 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 of the key issues Help on interesting argumentative/controversial essay topics? 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.