Corporate Social Responsibili

find the article titled: “Assumptions of Corporate Social Responsibility as Competitiveness Factor.” by Simanaviciene, Zaneta.

Author: Simanaviciene, Zaneta

Source: Montenegrin Journal of Economics, 13(3)

After reading this article, in at least 250 words, please discuss the following:

(a) What is the relationship between corporate social responsibility (CSR) and competitiveness?

(b) What is the relationship between CSR, sustainability, and production?

(c) Can companies gain competitiveness while pursuing CSR? Why or why not?

(d) (d) Then, please read the article titled: “Social Impacts and Social Responsibilities” download, and then explain how this article aligns with the Simanaviciene article. What is the relationship between the Simanaviciene article and Management as a Liberal Art (MLA)?

reply#1

Corporate social responsibility (CSR) is a business model that guides business operations to promote social accountability by an organization to stakeholders and the public. Competitiveness, on the other hand, entails the ability and willingness of firms to produce high quality goods and services while implementing measures to maximize customer satisfaction. CSR guides the development of community support programs to build a great business brand. The process promotes competitiveness by maximizing customer satisfaction and enabling market-base expansion. Like competitiveness, CSR requires that businesses commit to manufacturing quality products with a focus on efficiency, reliability, and customer safety (Simanaviciene, Kontautiene & Simanavicius, 2017).

CSR, sustainability, and production are all intended to enhance profitability while solving existing and emerging social, economic, and political challenges. To benefit communities, CSR demands that organizations manage scarce resources by consuming raw materials at a rate equal or less than the rate at which the raw materials are produced. CSR; therefore, promotes sustainability. While the main goal of production is to achieve business profitability, sustainability ensures that profitability, once achieved, is maintained for longer durations (Simanaviciene, Kontautiene & Simanavicius, 2017).

Companies can gain competitiveness while pursuing CSR. This is because CSR programs build business brands and draw more potential customers to purchase and consume more products. The result is successful market expansion, which will put a company at a higher competitive edge (Simanaviciene, Kontautiene & Simanavicius, 2017).

The article “Social Impacts and Social Responsibilities” aligns with the Simanaviciene article in the manner in which it encourages organizations to focus on quality production, use of sustainable production systems, and ethical considerations. According to the article, businesses are not established to employ individuals in various occupations, but to identify a societal problem and start production with a view to maximizing customer satisfaction. Simanaviciene argues that this objective is met through CSR (“Social Impacts and Social Responsibilities”, n.d.).

reply#2

(a) What is the relationship between corporate social responsibility (CSR) and competitiveness?

We define the corporate social responsibility (CSR) as a self regulatory business model, which helps enterprises to take social responsibility to themselves, stakeholders and the public. By fulfilling corporate social responsibility (also known as corporate citizenship), enterprises can be aware of their impact on all aspects of society, including economy, society and environment.

I think the social responsibility activities implemented by the company affect the competitiveness, and from some perspective the company realizes the competitiveness.

“People have noticed that when we analyze the concepts, dimensions and aspects of social responsibility, we can find that it is a complex phenomenon composed of many different dimensions and elements; Therefore, the model first divides the dimensions of social responsibility into two categories, namely, in

(b) What is the relationship between CSR, sustainability, and production?

And the corporate social responsibility and sustainability are very important to the enterprise. Social power, public image, money and wealth, and conformity are the motivations that influence corporate social responsibility (Crowther, 2018). Other areas that make these areas important are values that give motivation and stakeholders that help drive CSR projects. For some enterprises, corporate social responsibility is a way to obtain social power. The “green movement” is a popular social and environmental cause, and consumers are attracted to support companies with ethical behavior. Companies can use their social responsibility to increase their social capital and attract customers who support green initiatives.

(c) Can companies gain competitiveness while pursuing CSR? Why or why not?

The corporate social responsibility strategy to help enterprises gain competitive advantage includes: fulfilling the moral obligation beyond the industry laws and regulations.

Establish friendly relationship with government, stakeholders, employees and consumers by improving image and reputation.

(d) What is the relationship between the Simanaviciene article and Management as a Liberal Art (MLA)?

The article mentioned that it encourages organizations to focus on quality production, the use of sustainable production systems, and ethical considerations. And traditionally, management is called “free” art, because it involves the basic principles of knowledge, self-awareness, wisdom and leadership; “Art” is because it involves practice and application. But they have to focus on effectiveness and results. So how can a company start production with the goal of maximizing customer satisfaction is to find social problems.

Reference:

Wang, R., & Huang, Y. (2018). Communicating corporate social responsibility (CSR) on social media: How do message source and types of CSR messages influence stakeholders’ perceptions? Corporate Communications, 23(3), 326-341. doi:http://dx.doi.org/10.1108/CCIJ-07-2017-0067

Sharma, Z., & Song, L. (2018). Corporate social responsibility (CSR) practices by SIN firms: Evidence from CSR activity and disclosure. Asian Review of Accounting, 26(3), 359-372. doi:http://dx.doi.org/10.1108/ARA-06-2017-0102

Corporate Social Responsibili

In at least 250 words, please do the following:

(a) describe the interaction between Business Ethics, Social Responsibility, and Sustainability.

(b) Then, please read the article titled: “Peter F. Drucker on Executive Leadership and Effectiveness” download, and explain how this article aligns with Chapter 10 of the textbook.

(c) From reading “Peter F. Drucker on Executive Leadership and Effectiveness”, are there any aspects of Management as a Liberal Art (MLA) that seem to also emerge in Chapter 10 of the textbook? Please explain the connection between these two readings.

reply#1

Although it looks like that business ethics, social responsibility, and environmental sustainability are different sections, the topics are quite interrelated and key strategic issues facing all organizations. For example, if a company is socially irresponsible, such as financial scandal of Lehman and accounting scandal of Enron, it is considered unethical. Socially irresponsible companies also neglect environmental, ethical, and social responsibility. Business ethics refers to appropriate business policies and principles of conduct within organizations that guide business practices. Shareholders, such as customers, employees, and the public, have become less and less tolerant of business ethics violations in organizations, and more and more appreciative of ethical organizations. Good business ethics is a prerequisite for good business. Social responsibility means that companies should adopt ethical policies that promote the well-being of society and the environment as a whole. Customers are more likely to do business with socially responsible companies, hence impacting their profitability. Social responsibility has become increasingly important to investors who seek to invest companies that are not just profitable but also contribute to the welfare of society and the environment. Sustainability is the balance between business operations, economy, equity, and the environment. Polluting the environment is unsustainability, unethical, and irresponsible. One of the best ways for an organization to be socially responsible is to protect, mend, and preserve the natural environment. Business ethics, social responsibility, and sustainability are interrelated and impact all areas of business process (David & David, 2017, P. 305-322).

According to Maciariello (2006), leaders must exhibit high levels of integrity in their moral and ethical conduct, and lead beyond borders to meet at least minimum requirements of all stakeholders, thereby serving the common good. An organization should be led by executives who are committed to doing the right thing and to getting the right things done. Organizations must minimize negative social impacts and take a proactive interest in the common good because they are significantly dependent upon the welfare of society for their own welfare.

Peter Drucker defined Management as a Liberal Art (MLA) in his book: “Management is what tradition used to call a liberal art: ‘liberal’ because it deals with the fundamentals of knowledge, self-knowledge, wisdom, and leadership; ‘art’ because it deals with practice and application. Manager’s responsibility is to make the organization perform the function and make the contribution for the sake of which it exists (Drucker, 1974). An organization’s social action should not interfere with its primary mission. Creating an image for business is a smart way to win more customers. Customers love brands that care about their environment and help the community. People have more incentive to support businesses thathave more social responsibility. For most firms, the ultimate goal is stated in financial performance. The trust of customers and the public is very important asset. It will lead directly to improve financial performance and stakeholders’ benefits.

References

David, F. R., & David, F. R. (2017). Strategic Management Concepts and Cases: A Competitive Advantage Approach (16th ed.). Pearson Education.

Drucker, P. F. (1974). Management. London: William Heinemann.

Maciariello, J. A. (2006). Peter F. Drucker on executive leadership and effectiveness. In F. Hesselbein & M. Goldsmith (Eds.), The leader of the future 2: Visions, strategies, and practices for the new era (pp. 3–27). Jossey-Bass/Wiley.

reply#2

Business ethics is the proper way an organization runs with its policies, mission statements, and principles. Social responsibility refers to the methods an organization adopts to engage with the public beneficially that is also advantageous to the organization itself. Sustainability is the how the organization balances its profits, ethics, responsibility, and the well-being of the society.

Chapter 10 of the textbook talks about how business ethics, social responsibility, and sustainability take huge part in the success of a business, and the article provides a more detail explanation on how all three of them are correlated to each other. For example, an organization needs to minimize the social impact while maximizing its financial profits; meanwhile, they need to make sure the policies and procedures they adopt for the organization matches the requirements from all stakeholders to ensure business ethics.

In the article Peter F. Drucker on Executive Leadership and Effectiveness (Drucker, 1974), we see that the society actually prefers to buy from companies that are more socially responsible. For example, Tesla came out with Vegan leather for all of its vehicles produced. This marketing method creates a positive and environmental social perspective, therefore created large profit to its vehicle market.

Reference

David, F. R., & David, F. R. (2017). Strategic Management Concepts and Cases: A Competitive Advantage Approach (16th ed.). Pearson Education.

Maciariello, J., A. (2006). Peter F. Drucker on Executive Leadership and Effectiveness. Academia. Retrieved from https://www.academia.edu/26154614/Peter_F._Drucker_on_Executive_Leadership_and_Effectiveness

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