Volvo : Corporate Social Responsibility

Corporate Social Responsibility is an important term that few know of. This term stands for everything that’s moral, from using less harmful chemicals in their products to protecting the rights of the workers and the society we live in. However, some companies do not live by this word. This, coupled with the massive amount of consumers buying their products, can cause a multitude of problems not only for the company workers, but to the world itself. As such, companies should become more aware of their effects on the world around them and change their moral responsibilities to treat their workers more humanely, protect the lives of the people in their towns, cities and countries and save the environment from further destruction and pollution.

Social Responsibility can be broken down into 3 parts, the companies benefit to society, how they follow policies and their performance of their obligations. It is hard to decipher who and what companies are socially responsible to. A company decides what they are doing if it is going to benefit shareholders or stakeholders. The shareholders are those who are in the company that benefit from it by maximizing the profits. On the other hand, the stakeholders are those who use the company and are impacted directly by what the company does. These people include customers, suppliers and the community. Companies receive more positive feedback

or so many years our society has been thinking of forming new creative and innovative businesses, which would be more environmental and customer friendly. Nowadays a large number of different companies follow the social, ethical, as well as moral consequences when it comes to their decision making. One of the relatively new concepts involving economic and social concerns is Corporate Social Responsibility. Many of us apply this approach not only at work, but also in everyday life without even recognizing.

Firstly, I would like to explain what Corporate Social Responsibility is. “It is a company’s sense of responsibility towards the community and environment (both ecological and

Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. (World Business Council for Development, 2016)

Corporate Social Responsibility are actions taken by a corporation that have positive and lasting impact for all stakeholders associated with the organization, seeking to strike a balance between profits and helping to establish lasting investment in the community (Carrol, 2015). In the 1980’s, then President Reagan challenged the business community to take on more responsibility to address social problems (Carrol, 2015). Socially responsible actions can benefit local communities as well as the greater societal good.

Corporate social responsibility is a term that conveys a corporation’s social responsibility to society. In the old days corporations felt that once they had gained support from the public they had a responsibility to give back to the community. This idea of giving back meant serving as volunteers and providing financial contributions in aim of correcting the problems of the community. Corporations have a wide range of opportunity and reach within most societies so it is important and can ultimately be a great aid for a corporation to help in correcting the problems of society by contributing and giving back along with other individuals. I also believe that corporate social responsibility means ensuring that there are not problems arising that make it hard for consumers to continue to support a corporation. The continuation of a corporation is dependent upon consumers and I believe it is the

On businessnewsdaily.com, Sammi Caramela defines corporate social responsibility as corporate initiatives that have beneficial outcomes for society. (Caramela, June 27, 2016). These initiatives fall into a broad range of categories such as ethical practices in labor, volunteerism, philanthropy and environmental responsibility. There are many ways, within these broad areas, where a company has the ability to have a positive impact. Not only do these programs benefit others, they also benefit the company as well. Good corporate social responsibility programs help increase the reputation and trustworthiness of the companies with established

Corporate Social Responsibility is about how a corporate entity acts towards its corporate citizens. Demonstrating social responsibility can be delivered in different ways by the corporate entity. IKEA believes in creating everyday a better life for its people which includes IKEA co-workers, IKEA customers, its suppliers and community

Corporate social responsibility (CSR) is a way for companies to give back to society. There are many ways companies can implement CSR; for example, doing volunteer work, environmental sustainability initiatives, or charitable donations. When companies take on certain programs to help the community it can be a financial cost, but the

Through Corporate Socially Responsibility, a company voluntarily operates the corporation economically, legally, ethically, and philanthropically. The organization makes sure that each employee is critical and running operations morally. Most companies that operate in this manner tend to be quite successful because if the company were to manage irresponsibly, it would affect the business tremendously. Engaging in Corporately Social

Customers prefer the companies that are socially responsible: According to Forbes article: 88% of consumers think companies should try to achieve their business goals while improving the society and the environment

Daimler, an automobile company founded in 1998 and headquartered in Germany is the owner of Mercedes-Benz, one of the most recognizable car brands in the world. Daimler is a Fortune 500 company and produces an array of luxury automobile products including, but not limited to, cars, trucks, motorhomes, and buses. Mercedes-Benz and Daimler products are recognized and driven around the world.

Corporate Social Responsibility is define as intended actions of an organization that changes its company process to operate in an society, environmentally and feasible way which affect the community development and human rights.

According to this theory, stakeholder management, or corporate social responsibility, is not an end in itself but is simply seen as a means for improving economic performance.