Narayan and others published corporate social responsibility. The notion of csr has became more significant with time. Uae is a haven for people who want to do their dream jobs and it is a country. It then looks at some theories to explain how and why business might undertake csr stakeholder theory, social contracts theory and legitimacy theory. Importance of corporate social responsibility to societies. Corporate social responsibility, theories and models by reza. The csr phenomenon has been wrought from distinctive theories and. Theories of corporate social responsibility management essay. Management education can be an important source of new ideas. Csr field presents not only a landscape of theories but also a proliferation of approaches, which are controversial. Change management for implementation of corporate social responsibility. Theories and models of corporate social responsibility corporate social responsibility csr is also termed to as responsible business, sustainable, responsible business or corporate citizenship. Crucially, in common with other largescale businesses, pharmaceutical firms find themselves invited to respond positively to the corporate social responsibility csr expectations of.
An overview and new research directions the idea of corporate social responsibility csr that is, businesses bearing a responsibility to society and a broader set of stakeholders beyond its shareholdersgained currency in the 1960s. Corporate social responsibility csr is a long and widely discussed concept in research and among practitioners. Understanding theories of corporate social responsibility in. Thematic issue on corporate social responsibility corporate social responsibility. Corporate social responsibility csr is a type of international private business selfregulation that aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicallyoriented practices. Nov 21, 2018 corporate social responsibility, which is often called csr, is a business term that refers to the actions a forprofit business takes to improve the lives of people within a community. Theories and models of corporate social responsibility get. Nerone, j 1995, social responsibility theory, in last rights. Garriga and mele csr theories mapping the territory. Corporate social responsibility theories oxford handbooks. The article concludes by describing ways of assessing corporate.
When marketing scholars started expressing concern for corporate social responsibilities in the 1960s and 1970s, they focused on the social duties attached to the marketing function and not on the overall social role of the firm e. Corporate social responsibility csr refers to strategies corporations or firms conduct their business in a way that is ethical, society friendly and beneficial to community in terms of development. Various definitions, forms, and theories related to corporate social responsibilities csr are presented in this article. Corporate social responsibility csr should address the concerns of stakeholders toward its business activities and the social, economic, and environmental changes that csr brings to the community. A systems approach for socially responsible capitalism abstract although the concept of corporate social responsibility csr has been advocated for decades and is commonly employed by corporations globally, agreement on how csr should be defined and implemented. Corporate social responsibility and organizational.
Corporate social responsibility in hospitality industry in uk. Hence, awareness of corporate social responsibility and using it seem necessary to business managers. Lastly, corporate citizenship analyzes the companys activities so that they can be considered as legitimating. Three of the main csr theories and models have been represented and analyzed in this article.
This chapter deliberates on numerous definitions of the corporate social responsibility csr paradigm and its synonymous terms. Nerone, j 1995, social responsibility theory, in last. Nowadays most corporations follow different methodologies to implement csr approach. Revisiting four theories of the press, university of illinois press, urbana, pp77124. This article tries to clarify the situation, mapping the territory by classifying the main csr theories and related approaches in four groups.
Corporate social responsibility eusabet garriga theories. This study aims to trace the conceptual evolutionary path of theories on corporate social responsibility csr and to reflect. Corporations responsible for a triple bottom line seek sustainability in the economic, social, and environmental realms. This in turn led to the development of stakeholder theory, which we will consider in the next chapter.
Therefore, the quality of life of the people and subsequently the community will improve. Social responsibility theory allows free press without any censorship but at the same time the content of the press should be discussed in public panel and media should accept any obligation from public interference or professional self regulations or both. This is why the concentration of the this paper will be on the concept of corporate social responsibility csr. October 2011 126 exploring the limits of western corporate social responsibility theories in africa kwasi darteybaah, phd corresponding author university of ghana business school.
The companys commitment to social responsibility results in the sustainable and comprehensive development. The corporate social responsibility csr eld presents not only a landscape of theories but also a proliferation of approaches, which are controversial, complex and unclear. Together, these three notions of sustainabilityeconomic, social, and environmentalguide businesses toward actions fitted to the conception of the corporation. Aug 15, 2018 corporate social responsibility or csr is a concept that provides a framework for defining the mission and vision of a business organization, as well as for expressing the extent of its obligations or accountability. This study aims to trace the conceptual evolutionary path of theories on corporate social responsibility csr and to reflect on the implications of the development. Corporate responsibility or sustainability is therefore a prominent feature of the business and society literature, addressing topics of business ethics, corporate social performance, global corporate citizenship, and stakeholder management. Based on literature, the concept of csr dilemma will be categorized and discussed in depth. These initiatives can not only benefit the community and the environment, but they can also turn out to be a smart business move. It is a type of a corporate selfregulation that is incorporated in a business model to. Corporate social responsibility theories and related approaches extracted from garriga and male, 2004 the common good approach refer to the authors, this approach maintains that business, as with any other social group or individual in society, has to contribute to the common good, because it is a part of society and it shouldnt. Defining corporate social responsibility csr analyses economic, legal, moral, social and physical aspects of environment.
Corporate social responsibility and organizational performance. An overview of corporate social responsibility 4 what is the business case for csr. The retrospection has revealed that the trend has been a progressive rationalization of the concept with a particular focus on tighter coupling with organizations financial goals. This article follows the study of garriga and mele 2004, which distinguishes four groups of corporate social responsibility theories, considering their respective focus on four different aspects of the social reality. Corporate social responsibility the positivist approach relative to the ten theoretical approaches presented, and what the three stakeholder groups think should motivate senior managers to pursue corporate social responsibility the normative approach relative to the ten theoretical approaches presented. International journal of business and social science vol. Complete and partial organizing for corporate social. Analyzing the concept of corporate social responsibility. Corporate social responsibility or csr is a concept that provides a framework for defining the mission and vision of a business organization, as well.
Practice, theory, and challenges find, read and cite all the research you need on researchgate. Although there is no commonly agreed upon exact definition of csr a common aspect in most definitions is that csr entails the voluntary integration of social and environmental concerns by businesses. Jun 24, 2017 the chapter discusses corporate social responsibility csr with appropriate theoretical framings with the intent of creating a deeper understanding and application of csr theories in iberoamericas hospitality industry. Corporate social responsibility, theories and models. Forecasting the environmental, social, and governance.
This theory argues that social responsibility comes from the consent of society 18. Corporate social responsibility contributes to organizational development. Corporate social responsibility as a specific theory affirms that corporations are entities with economic, legal, ethical, and philanthropic obligations. The 21st century has seen much advancement in the issue of corporate social responsibility csr, and there has been particular interest in the impact csr could have globally. Implementing corporate social responsibility 18 task 1. The corporate social responsibility csr field presents not only a landscape of theories but also a proliferation of approaches, which are controversial, complex and unclear. According to garriga and mele csr theories and related approaches are classified in four groups. In todays society corporations are expected to take more responsibility. Corporate social responsibility and sustainable business. Theories of corporate social responsibility profolus. The pharmaceutical sector, an industry already facing stiff challenges in the form of intensified competition and strategic consolidation, has increasingly become subject to a range of pressures. The corporate social responsibility csr theory consists not only of theories, but also a large number of approaches, which are often disputed, complex and uncertain.
1559 1467 201 634 1116 881 1639 1267 701 1132 86 173 1363 1104 1501 193 1174 1465 669 1326 1511 849 321 1528 458 394 1546 1075 1410 1383 883 254 1208 754 993 1417 228 1463 106 456 1427 1082 627 99 1481 340 689 615