csr for business sustainability

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Evaluating CSR for Evaluating CSR for Business Business Sustainability Sustainability How Corporate Social Responsibility protects Communities and Profits How Corporate Social Responsibility protects Communities and Profits Argosy University Argosy University Dr. Cal Berkey Dr. Cal Berkey W7000 Advanced Study and Writing W7000 Advanced Study and Writing Module 8 Module 8 August 20,2010 August 20,2010 Gena Gibbs Gena Gibbs

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Page 1: CSR for Business Sustainability

Evaluating CSR for Evaluating CSR for Business SustainabilityBusiness SustainabilityHow Corporate Social Responsibility protects Communities How Corporate Social Responsibility protects Communities and Profitsand Profits

Argosy University Argosy University Dr. Cal BerkeyDr. Cal BerkeyW7000 Advanced Study and WritingW7000 Advanced Study and WritingModule 8Module 8August 20,2010August 20,2010

Gena GibbsGena Gibbs

Page 2: CSR for Business Sustainability

AbstractAbstract

Corporate Social Responsibility (CSR) raises Corporate Social Responsibility (CSR) raises

Profits Profits

Social empowermentSocial empowerment

Business AccountabilityBusiness Accountability

Strengthens Business and Government Strengthens Business and Government relationshipsrelationships

Strengthens Human and Political RightsStrengthens Human and Political Rights

Promotes reverence for GlobalizationPromotes reverence for Globalization

Page 3: CSR for Business Sustainability

IntroductionIntroduction

CSR is a multi faceted strategy as follows:

To empower disenfranchised peopleTo justify the expansion of MNCsTo share communication technologyTo create a new inheritance to developing countriesTo strengthen political ties with Governments To revere trustworthiness by promoting cultural diversity

Page 4: CSR for Business Sustainability

Literature ReviewLiterature Review

Evaluate CSR issues in International Banking as follows:

Economic & Sustainable developmentDetermining Price & ValueSocial & Ethical InvestmentsReducing information costsControlling UsuryMonitoring regulations compliancesRewarding responsible banking

Economic & Sustainable developmentDetermining Price & ValueSocial & Ethical InvestmentsReducing information costsControlling UsuryMonitoring regulations compliancesRewarding responsible banking

Page 5: CSR for Business Sustainability

Literature ReviewLiterature Review

Evaluate CSR in 7 Countries as follows:

ChinaMexicoPakistanIndiaRussiaBulgariaNigeria

ChinaMexicoPakistanIndiaRussiaBulgariaNigeria

Page 6: CSR for Business Sustainability

ChinaChina

Philanthropic donations to 2008 Earthquake Philanthropic donations to 2008 Earthquake VictimsVictims

Strengthening of corporate political attachmentsStrengthening of corporate political attachments

Created channel of exposure for firm’s executivesCreated channel of exposure for firm’s executives

Removed red tape to obtain resourcesRemoved red tape to obtain resources

Defined corporate image to increase profitabilityDefined corporate image to increase profitability

Established new markets in developing countriesEstablished new markets in developing countries

Forges new legacy to close the digital divideForges new legacy to close the digital divide

Page 7: CSR for Business Sustainability

MexicoMexico

CSR Leadership dominated by Local businessesCSR Leadership dominated by Local businesses

Environmental standards based on UN guidelinesEnvironmental standards based on UN guidelines

Low Labour relations limit the mobility of womenLow Labour relations limit the mobility of women

Community philanthropy teaches social respectCommunity philanthropy teaches social respect

Internships encouraged for knowledge transfer Internships encouraged for knowledge transfer

Page 8: CSR for Business Sustainability

PakistanPakistan

Tobacco companies spearhead social Tobacco companies spearhead social awarenessawareness

Reduce, Recover, and Recycle Principle Reduce, Recover, and Recycle Principle enforcedenforced

Avoidance of using pesticides and chemicalsAvoidance of using pesticides and chemicals

Reduce unemployment through job creationReduce unemployment through job creation

Established hospitals and free medical Established hospitals and free medical attention for poor peopleattention for poor people

Page 9: CSR for Business Sustainability

IndiaIndia

CSR in rural India stimulates literacy CSR in rural India stimulates literacy

Opportunity to create new market in IndiaOpportunity to create new market in India

Building sustainable development & economic Building sustainable development & economic reformsreforms

Mobile units introduce computer technology to Mobile units introduce computer technology to close digital divide in poverty-stricken areasclose digital divide in poverty-stricken areas

Promotes national developmental Promotes national developmental transformationtransformation

Page 10: CSR for Business Sustainability

Russia and BulgariaRussia and Bulgaria

Promoting human and political rights Promoting human and political rights awareness awareness

Evaluating resource allocation for buying, Evaluating resource allocation for buying, work, invest, or community activity supportwork, invest, or community activity support

Chronic shortage of goods and services shift Chronic shortage of goods and services shift prioritiespriorities

Civil rights abuses spread citizenry ambiguityCivil rights abuses spread citizenry ambiguity

Former communist countries want life and Former communist countries want life and liberty protectionliberty protection

Page 11: CSR for Business Sustainability

NigeriaNigeria

Nigerian internal corruption caused by exposure Nigerian internal corruption caused by exposure to Western capitalismto Western capitalism

Weakened compliance exposed government to Weakened compliance exposed government to exploitationexploitation

Managers allowed to disregard international Managers allowed to disregard international labour and environmental standards.labour and environmental standards.

Nigerian high percentage profits opened up Nigerian high percentage profits opened up bribery and corruption practices.bribery and corruption practices.

National attitudes of others geared to follow the National attitudes of others geared to follow the US approvals on environmental stewardship.US approvals on environmental stewardship.

Page 12: CSR for Business Sustainability

ResultsResults

Why promote CSR practices Why promote CSR practices worldwide?worldwide?

To protect business for political, To protect business for political, social, and economic reasonssocial, and economic reasons

To attract other businesses, clients, To attract other businesses, clients, governments and community governments and community attention to increase visibility and attention to increase visibility and profitsprofits

Page 13: CSR for Business Sustainability

DiscussionDiscussion

Is CSR Human and Political Rights issues an Is CSR Human and Political Rights issues an argument for creationism?argument for creationism?

How are cultural barriers broken to welcome How are cultural barriers broken to welcome a foreigner in one’s home country?a foreigner in one’s home country?

What does Hofstede teach about CSR and What does Hofstede teach about CSR and value dimensions?value dimensions?

What are you doing to promote human What are you doing to promote human rights?rights?

Page 14: CSR for Business Sustainability

ReferencesReferences

Amaeshi, K., & Amao, O. (2009). Corporate Social Amaeshi, K., & Amao, O. (2009). Corporate Social Responsibility in Transnational Spaces: Exploring Influences Responsibility in Transnational Spaces: Exploring Influences of Varieties of Capitalism on Expressions of Corporate Codes of Varieties of Capitalism on Expressions of Corporate Codes of Conduct in Nigeria. of Conduct in Nigeria. Journal of Business Journal of Business Ethics:Ethics:  SupplementSupplement, , 8686, 225-239.  Retrieved August 9, 2010, , 225-239.  Retrieved August 9, 2010, from ABI/INFORM Global. (Document ID: 1912363091). from ABI/INFORM Global. (Document ID: 1912363091). 

Deresky, H., (2008). Deresky, H., (2008). International Management: Managing International Management: Managing Across Borders and Culture: Text and CasesAcross Borders and Culture: Text and Cases (6 (6thth Ed.), Ed.), Pearson Education Inc., Upper Saddle River, New JerseyPearson Education Inc., Upper Saddle River, New Jersey

Luo, X., & Zhang, J. (2009). Luo, X., & Zhang, J. (2009). Institutional or Instrumental: Institutional or Instrumental: What Affects Corporate Social Responsibility Behavior In What Affects Corporate Social Responsibility Behavior In Emerging Economies?Emerging Economies? Academy of Management Academy of Management Proceedings, 1-6. Retrieved from Business Source Elite Proceedings, 1-6. Retrieved from Business Source Elite database on 25 July 2010.database on 25 July 2010.

Page 15: CSR for Business Sustainability

ReferencesReferences

Muller, A., & Kolk, A.. (2009). Muller, A., & Kolk, A.. (2009). CSR Performance in CSR Performance in Emerging Markets Evidence from Mexico.Emerging Markets Evidence from Mexico. Journal of  Journal of Business Ethics: Supplement, 85, 325-337 (Document Business Ethics: Supplement, 85, 325-337 (Document ID: 1667541261).  Retrieved from ABI/INFORM Global on ID: 1667541261).  Retrieved from ABI/INFORM Global on July 25, 2010. July 25, 2010. 

Nazir, M., Iftikhar, M., Rana, A., Sadiq, N., & Ahmed, F. (20Nazir, M., Iftikhar, M., Rana, A., Sadiq, N., & Ahmed, F. (2010). Reviewing Corporate Social Responsibility Initiatives 10). Reviewing Corporate Social Responsibility Initiatives of Tobacco Industry in Pakistan. of Tobacco Industry in Pakistan. Interdisciplinary Journal Interdisciplinary Journal of Contemporary Research In Business,of Contemporary Research In Business,  22(1), 105-117.  (1), 105-117.  Retrieved August 9, 2010, from ABI/INFORM Global. Retrieved August 9, 2010, from ABI/INFORM Global. (Document ID: 2067156681). (Document ID: 2067156681). 

Petersen, H., & Vredenburg, H. (2009). Morals or Petersen, H., & Vredenburg, H. (2009). Morals or Economics? Institutional Investor Preferences for Economics? Institutional Investor Preferences for Corporate Social Responsibility. Corporate Social Responsibility. Journal of Business Journal of Business Ethics,Ethics,  9090(1), 1-14.  Retrieved August 9, 2010, from (1), 1-14.  Retrieved August 9, 2010, from ABI/INFORM Global. (Document ID: 1899640231).ABI/INFORM Global. (Document ID: 1899640231).

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ReferencesReferences

Puncheva-Michelotti, P., Michelotti, M., & Gahan, P. (2010). Puncheva-Michelotti, P., Michelotti, M., & Gahan, P. (2010). The Relationship Between Individuals' Recognition of The Relationship Between Individuals' Recognition of Human Rights and Responses to Socially Responsible Human Rights and Responses to Socially Responsible Companies: Evidence from Russia and Bulgaria. Companies: Evidence from Russia and Bulgaria.  Journal of Journal of Business Ethics,Business Ethics,  9393(4), 583-605.  Retrieved August 9, (4), 583-605.  Retrieved August 9, 2010, from ABI/INFORM Global. (Document 2010, from ABI/INFORM Global. (Document ID: 2022195951).ID: 2022195951).

Scholtens, B. (2009). Corporate Social Responsibility in the Scholtens, B. (2009). Corporate Social Responsibility in the International Banking Industry. International Banking Industry. Journal of Business Journal of Business Ethics,Ethics,  8686(2), 159-175.  Retrieved August 9, 2010, from (2), 159-175.  Retrieved August 9, 2010, from ABI/INFORM Global. (Document ID: 1675577191).ABI/INFORM Global. (Document ID: 1675577191).

Senia, A. (2007). Senia, A. (2007). Developing countries gain mindshareDeveloping countries gain mindshare. . Telecom Asia, 18(1), 33. Retrieved from Business Source Telecom Asia, 18(1), 33. Retrieved from Business Source Elite database on July 25, 2010.Elite database on July 25, 2010.

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ReferencesReferences

Tan, J. (2009). Multinational Corporations and Social Tan, J. (2009). Multinational Corporations and Social Responsibility in Emerging Markets: Opportunities and Responsibility in Emerging Markets: Opportunities and Challenges for Research and Practice. Challenges for Research and Practice. Journal of Business Journal of Business Ethics:Ethics:  SupplementSupplement, , 8686, 151-153.  Retrieved August 9, , 151-153.  Retrieved August 9, 2010, from ABI/INFORM Global. (Document 2010, from ABI/INFORM Global. (Document ID: 1912363061). ID: 1912363061). 

Vidhi A Chaudhri.  (2006). Vidhi A Chaudhri.  (2006). Organising Global CSR: A Case Organising Global CSR: A Case Study of Hewlett-Packard's e-inclusion Initiative*Study of Hewlett-Packard's e-inclusion Initiative*. The . The Journal of Corporate Citizenship, (23), 39-51. (Document Journal of Corporate Citizenship, (23), 39-51. (Document ID: 1197974361).  Retrieved from ABI/INFORM Global on ID: 1197974361).  Retrieved from ABI/INFORM Global on July 25, 2010. July 25, 2010.

Zhang, R., Zhu, J., Yue, H., & Zhu, C. (2010). Corporate Zhang, R., Zhu, J., Yue, H., & Zhu, C. (2010). Corporate Philanthropy Giving, Advertising Intensity, and Industry Philanthropy Giving, Advertising Intensity, and Industry Competition Level. Competition Level. Journal of Business Ethics,Journal of Business Ethics,  9494(1), 39-(1), 39-52.  Retrieved August 9, 2010, from ABI/INFORM Global. 52.  Retrieved August 9, 2010, from ABI/INFORM Global. (Document ID: 2055942331).(Document ID: 2055942331).