• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Developing an informed understanding of issues surrounding the concept of corporate responsibility.

Extracts from this document...

Introduction

'Developing an informed understanding of issues surrounding the concept of corporate responsibility' When I first saw that corporate resonsibilty was a topic which I was studying, I expected it to be boring, however, I was pleasantly surprised. I found that the concept of corporate responsilbilty was not only interesting, but it is also increasingly relevant in today's society. Although I feel that doing this work on the topic of regulations would be easier as I have attended more lectures on that topic, I think that the topic of corporate responsibilty would be more interesting to write about. I hope I do not live to regret this decision! Corporate responsibility (CR) has various definitions. However, broadly speaking it covers the ways in which organisations manage their core business to add social, environmental and economic value in order to produce a positive, sustainable impact for both society and for the business itself. Health and safety in the workplace is an important Corporate responsibility issue. Terms such as 'corporate social responsibility', 'socially responsible business', and 'corporate citizenship' all refer to this concept. CR is essentially about companies moving beyond a base of legal compliance to integrating socially responsible behaviour into their core values, recognising the sound business benefits in doing so. Since businesses and the challenges they face differ widely, government interventions need to be carefully considered, well-designed, and targeted to achieve their objective. ...read more.

Middle

Instead, CR is often defined as a voluntary activity, over and above that required by legislation, by which companies deliver benefits to society either through good business practice or pure philanthropy. The problem is that the concept of CR is infinitely elastic. The more companies do in this area the more they are asked to do. While some people may argue that this situation is perfectly justifiable, such an approach is not conducive to making CR a part of mainstream corporate life. It is clear that CR is a concern that is important to the public, shareholders, employees and consumers of many countries. People increasingly judge a company according to what it does and how it does it, not just what is says about itself. A number of well respected international opinion polls show that a significant proportion of the public believes that business does have wider responsibilities beyond simply making profits, paying taxes, creating jobs and staying inside the law. At the instrumental level, business can and will exploit the huge potential of CR to deliver innovative solutions to business issues that can benefit both companies and the societies in which they operate. Action at this level is entirely consistent with the teachings of the market economy. Companies will reap benefits for themselves and their shareholders by delivering benefits to other members of society, especially their customers, employees and other business partners. ...read more.

Conclusion

HSE's mission is to ensure that the risks to health and safety of workers are properly controlled. In terms of Corporate responsibility, they work to encourage organisations to: improve management systems to reduce injuries and ill health; demonstrate the importance of health and safety issues at board level; and report publicly on health and safety issues within their organisation, including their performance against targets. This is one example of how the government is trying to raise awareness of CR issues and improve the current situation. The issue of health and safety and CR has been in the news recently as the conclusion of the investigation into BP's Texas plant which killed 15 people in an accident several years ago. (http://www.hse.gov.uk/corporateresponsibility/index.htm) When I was researching the concept of corporate responsibilty, I was both surpised and impressed to find that one of the companies that has made a lot of promises in the area is Network rail. They describe their goal to recognise our corporate responsibility to all our stakeholders by taking into account the various wishes and needs of a broad spectrum of people and organisations. They say it means acting responsibly in relation to their internal working practices and also in full awareness of the wider context in which they operate. (http://www.networkrail.co.uk/browse%20documents/corporate%20responsibility%20report/networkrailcrreport2006.pdf). By doing the research for this essay I have learnt that CR is an important part of today's businesses, and it is certainly the future. Hopefully soon there will be some firm legislation introduced to make CR compulsory, which will surely benefit you and I. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. For my business report I am investigating the Co-op erative society supermarket.

    * Equal opportunity in recruitment, retention and promotion. * Ensuring that Co-op s staff and employees are happy and gaining job satisfaction form their job roles. * Fair and ethical work practices * Liaising with trade unions to ensure that its members are taken care of and all the needs

  2. Business Aims and Objectives.

    They may set environmental targets for themselves or produce environmental reports. Tesco's external influences The main external influence affecting Tesco will be competition with other supermarkets such as Asda, as they will both compete against each other by trying to win a greater market share.

  1. My aim is to research and produce a formal business report on my the ...

    Green Travel Plans Since the beginning of 2003, green travel plans have become an integral part of all co-op stores and store extension development proposals. These green travel plans outline the measures that co-op takes to reduce the number of store employees coming to work by car; including staff travel surveys, car sharing and walking buddies.

  2. AN UNDERSTANDING OF THE NERVOUS SYSTEM

    the somatic nervous system (voluntary control of skin, bones, joints, and skeletal muscle). The two systems function together, with nerves from the periphery entering and becoming part of the central nervous system, and vice versa. Motor neurons or efferent-sound neurons are the neurons the body uses to react to the environment.

  1. Business report on Marks and Spencer.

    This is because they do not have to send staff away on training courses because they can use the hardware the company already has to train them. The major benefit to the people being trained is the convenience; as they do not have to travel away and can learn in there own time.

  2. In this coursework I need to produce a detailed business report on one medium-sized ...

    Office computer, which matches a delivery with its purchase order in an instant. As well as easing bottlenecks, this system enforces accurate outer case coding, which Tesco believes to be essential to future developments in its distribution system. Human Resources People are fundamental to business and the way company recruit, develop and reward people is the key to success.

  1. Human resources

    the employees do not make it, the Demajo Group will still consider them to be members of the family who deserve equal opportunities. Although the company is one of the oldest family companies in Malta, Joseph Demajo stated that this concept was what kept the family together.

  2. E-commerce in Business Companies of Bangladesh.

    The National Science Foundation (NSF) took over the academic community network project in the mid-1980s and created NSFnet in 1987. In 1991, a set of small commercial networks created the Commercial Internet Exchange (CIE) for commercial use. Commercial collaboration, technical support by e-mail, pay-for-use databases, which were forbidden on the

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work