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To Be Responsible Socially Is Viable Financially
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Book Synopsis To Be Responsible Socially Is Viable Financially by : Danish Godil
Download or read book To Be Responsible Socially Is Viable Financially written by Danish Godil and published by . This book was released on 2016 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to evaluate the impact of Corporate Social Responsibility (CSR) on Company's Financial Performance (CFP) operating or based in Pakistan. Emerging CSR practices in the developed world have raised question about the inclination of the developing world towards CSR. Pakistan being a developing country, its corporate sector is more concerned about profit maximization than CSR. Various studies around the globe have established that CSR has a positive impact on the financial performance of a company. In this study, secondary data has been used from audited annual reports of 26 companies listed in KSE of similar size from different sectors, which are striving towards better CSR. The data ranges from 2008 to 2012 (5 years). The researchers have used Stakeholder theory to measure CSR; stakeholders include Government, Employees, Suppliers, Creditors, Shareholders and Customers. Return on Asset (ROA) was used as a surrogate for Company's financial performance (CFP). The result of Multiple Regression Model showed a significant impact of CSR on CFP for only a few stakeholders. After adjusting the model according to Pakistan's scenario, customers, shareholders and creditors were identified as the key stakeholders for CSR to have an impact on CFP. Analyses also bifurcated the results for KSE 100 index companies and Non KSE 100 index companies in order to have an idea as to how firm size disparity affects CSR's impact on CFP. The outcomes of the research would be helpful for the corporate decision makers, government policy formulators and other related quarters to understand the impact of CSR on CFP with reference to Pakistan.
Book Synopsis What Matters Most by : Jeffrey Hollender
Download or read book What Matters Most written by Jeffrey Hollender and published by Basic Books (AZ). This book was released on 2006-01-03 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains how to accomplish sustainable business growth through environmentally and socially "friendly" practices, arguing that principles based on the idea of social responsibility can provide a viable business strategy.
Book Synopsis Social Entrepreneurship and Corporate Social Responsibility by : Joan Marques
Download or read book Social Entrepreneurship and Corporate Social Responsibility written by Joan Marques and published by Springer Nature. This book was released on 2020-07-05 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides professionals, as well as students, with the understanding that Social Entrepreneurship and Corporate Social Responsibility (CSR) are now core business principles for sustainably. It encourages social entrepreneurs in their role as forerunners, in creating new business models that develop, facilitate or implement constructive solutions to social, cultural and environmental issues. At the same time, this book views corporate social responsibility as a means of challenging existing entities to realize and modify prior unsustainable and predatory business models; and to increase social, cultural and environmental accountability. By linking these two concepts, this book prompts a paradigmatic awakening, whereby the foundational driver of business creation and management no longer rests on profit maximization, but on improvement of the quality of life for society.
Download or read book Grow the Pie written by Alex Edmans and published by Cambridge University Press. This book was released on 2021-11-11 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: Should companies be run for profit or purpose? This book shows how they can deliver both-based on rigorous evidence and an actionable framework. This edition, updated to include the pandemic and latest research, explains how managers, investors and citizens can put purpose into practice-and overcome the difficult trade-offs that hold them back.
Book Synopsis Lead and Disrupt by : Charles A. O’Reilly III
Download or read book Lead and Disrupt written by Charles A. O’Reilly III and published by Stanford University Press. This book was released on 2016-03-30 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past few years, a number of well-known firms have failed; think of Blockbuster, Kodak, or RadioShack. When we read about their demise, it often seems inevitable—a natural part of "creative destruction." But closer examination reveals a disturbing truth: Companies large and small are shuttering more quickly than ever. What does it take to buck this trend? The simple answer is: ambidexterity. Firms must remain competitive in their core markets, while also winning in new domains. Innovation guru Clayton M. Christensen has been pessimistic about whether established companies can prevail in the face of disruption, but Charles A. O'Reilly III and Michael L. Tushman know they can! The authors explain how shrewd organizations have used an ambidextrous approach to solve their own innovator's dilemma. They contrast these luminaries with companies which—often trapped by their own successes—have been unable to adapt and grow. Drawing on a vast research program and over a decade of helping companies to innovate, the authors present a set of practices to guide firms as they adopt ambidexterity. Top-down and bottom-up leaders are key to this process—a fact too often overlooked in the heated debate about innovation. But not in this case. Readers will come away with a new understanding of how to improve their existing businesses through efficiency, control, and incremental change, while also seizing new markets where flexibility, autonomy, and experimentation rule the day.
Book Synopsis The Corporate Social Responsibility Between Business Ethics and Axiomatic of Financial Profits by : Hachimi Sanni Yaya
Download or read book The Corporate Social Responsibility Between Business Ethics and Axiomatic of Financial Profits written by Hachimi Sanni Yaya and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problems of corporate social responsibility have become a big business during the last decades and the idea that companies cannot continue to operate profitably over the longer term unless they can win support for their operations from the society at large and build relationships of trust with their customers, employees, suppliers, owners and the communities in which they work, is gaining importance. Today, many social and political actors believe that companies should ensure that their decisions are right not only in terms of profit but also in ethical terms. From now on, the principles of sustainable development and the 3P triangle of people-planet-profit could allow firms to analyse the consequences of their actions in terms of resource consumption, waste production, pollutant emissions, and also to study the social implications of their activities for their stakeholders. But for many people, business ethics and corporate social responsibility are simply words, fashionable and politically correct rhetoric. Indeed, the talk of managers about corporate social responsibility today contrasts with their doubtful and resolutely amoral practices in the current context of globalization and the inhumane mechanics of many organizations. This article examines the relation of companies towards ethics and suggests that they have much to gain by it. In fact, the spontaneous will of companies to be socially responsible is an attempt on their behalf to refine their image. In such a context, wouldn't the socially responsible company finally be a pious myth? Do current field realities encourage us sufficiently to place our confidence in companies to control and regulate their practices by themselves or, rather, would one need external pressure? We suggest in this paper that successful corporate social companies are those that share control, transparency and accountability, and that are able to navigate the narrow roads of appropriate business ethics. ISBN-2-89524-152-X.
Book Synopsis Towards Financial Self-reliance by : Richard Holloway
Download or read book Towards Financial Self-reliance written by Richard Holloway and published by Routledge. This book was released on 2014-04-08 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Provides an excellent conceptual framework for the various approaches to resource mobilization.' Paiboon Wattanasiritham, Director General, Chief Executive Officer, Government Savings Bank, Thailand A clear and practical guide aimed at the managers of civil society organizations, including non-governmental organizations, citizens' movements, co-operatives, trade unions and other grass-roots organizations primarily in developing countries, on how to mobilize funds and other resources and in doing so become financially self-reliant. The author examines numerous and varied options, covering earned income, local foundations, governmental sources, foreign agencies, the corporate sector, microcredit, the internet and social investments, setting these within a strategic overview of planning and management effectiveness.
Book Synopsis Handbook of Corporate Sustainability by : M. A. Quaddus
Download or read book Handbook of Corporate Sustainability written by M. A. Quaddus and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Achieving corporate sustainability (CS) is one of the most difficult challenges facing organizations in the twenty-first century. This comprehensive Handbook examines the current status and future direction of sustainability frameworks and applications in the corporate environment. Internationally reputed scholars portray the frameworks of CS practices in contemporary businesses. They explore in detail these frameworks and the associated computer-based modelling tools that companies are using, or can use, to aid their decision-making with regards to CS and corporate social responsibility practices. The contributors expertly investigate the future direction of model-based applications in CS as well as related planning processes. This innovative and informative Handbook will provide a timely reminder to scholars, government agencies, international bodies, academics and practitioners that appropriate decision-making and a correct understanding of these complex problems are essential to the success of CS planning.
Book Synopsis Leveraging Corporate Responsibility by : C. B. Bhattacharya
Download or read book Leveraging Corporate Responsibility written by C. B. Bhattacharya and published by Cambridge University Press. This book was released on 2011-09-15 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how companies can maximize the value of their CR initiatives by fostering strong stakeholder relationships.
Book Synopsis Sustainability, Stakeholder Governance, and Corporate Social Responsibility by : Sinziana Dorobantu
Download or read book Sustainability, Stakeholder Governance, and Corporate Social Responsibility written by Sinziana Dorobantu and published by Emerald Group Publishing. This book was released on 2018-08-10 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in this volume cover a wide range of theoretical perspectives grounded in strategy, economics and sociology, employ various methodological approaches, and offer new arguments on the connections that exist between firms’ decisions relating to sustainability, CSR, and the governance of their stakeholder relations.
Book Synopsis The Debate Over Corporate Social Responsibility by : Steve Kent May
Download or read book The Debate Over Corporate Social Responsibility written by Steve Kent May and published by Oxford University Press. This book was released on 2007 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: Should business strive to be socially responsible, and if so, how? This book updates and broadens the discussion of these questions by bringing together in one volume a variety of practical and theoretical perspectives on corporate social responsibility.
Book Synopsis Social Banks and the Future of Sustainable Finance by : Olaf Weber
Download or read book Social Banks and the Future of Sustainable Finance written by Olaf Weber and published by Taylor & Francis. This book was released on 2011-03-21 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Banking describes a way of value-driven banking that has a positive social and ecological impact at its heart, as well as its own economic sustainability. Although it has a long and successful history, it has arguably never been more topical than it is now in the aftermath of the latest financial crisis. Most Social Banks came out of this crisis not only unscathed but much stronger and bigger than they were before. And contrary to their conventional peers, none of the Social Banks had to be bailed out with public funds. This increasingly attracts the interest not only of clients searching for safe and sensible ways to deposit their funds but also of conventional banks that begin to understand the potential of a more socially oriented approach towards banking. Social Banks and the Future of Sustainable Finance is the first book to deliver a comprehensive and detailed overview about the past, present and possible future of Social and Sustainable Banking for researchers, students and a professional audience. The authors are experts from research and practice and have bee involved in Social Banking for many years. Thus they combine state-of-the-art expertise with valuable insider knowledge. The book covers the following topics: the history of Social Banking, the need for Social Banking in the current economy, the particular issues of managing a Social Bank as business enterprise, Social Banking products and services, the special role of donations and foundations for financing change, the opportunities and challenges for Social Banks lying ahead, and concrete directions for the future of Social Banking. In addition to these respective analyses are many real-world examples and interviews with representatives of Social Banks. As such, this comprehensive collection delivers valuable insights for academics, students and professionals who are interested in the growing field of Social Banking.
Book Synopsis The Power of Corporate Social Responsibility by : Dr. Manoj Sharma
Download or read book The Power of Corporate Social Responsibility written by Dr. Manoj Sharma and published by Sankalp Publication. This book was released on with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: need for Corporate Social Responsibility in corporate world
Book Synopsis Corporate Social Responsibility and Sustainable Business: A Guide to Their Leadership Tasks and Functions by : Alessia D'Amato
Download or read book Corporate Social Responsibility and Sustainable Business: A Guide to Their Leadership Tasks and Functions written by Alessia D'Amato and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Corporate Sustainability and Responsibility in Tourism by : Dagmar Lund-Durlacher
Download or read book Corporate Sustainability and Responsibility in Tourism written by Dagmar Lund-Durlacher and published by Springer. This book was released on 2019-05-03 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers essential insights into how the world's second largest industry, tourism, is responding to challenges involved in expanding the corporate social responsibility (CSR) concept to corporate sustainability and responsibility, referred to as CSR 2.0. It analyzes the typical setup of tourism with various types of commercial agents: corporations, small and medium sized enterprises, public-private partnerships, social enterprises and local cooperatives. In addition, the book examines a broad range of voluntary initiatives, the effectiveness of these efforts, and how contextual and wider policy features shape these relationships. The book is divided into three parts, the first of which elaborates on strategic drivers and rationales for CSR. In turn, the second part introduces readers to design approaches for CSR programs and envisaged impacts, while part three focuses on implementation, certification, reporting, and possible outcomes. Each part offers a mixture of theoretical perspectives, synthesis analyses and case studies. The respective chapters tackle a broad spectrum of tourism sub-sectors, e.g. the cruise industry, aviation, gastronomy, nature-based tourism, and urban destinations.
Book Synopsis Business & Society by : O.C. Ferrell
Download or read book Business & Society written by O.C. Ferrell and published by SAGE Publications. This book was released on 2024-06-04 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: Formerly published by Chicago Business Press, now published by Sage Business & Society integrates business and society into organizational strategies to showcase social responsibility as an actionable and practical field of interest, grounded in sound theory. In corporate America today, social responsibility has been linked to financial performance and is a major consideration in strategic planning. This innovative Eighth Edition ensures that business students understand and appreciate concerns about philanthropy, employee well-being, corporate governance, consumer protection, social issues, and sustainability, helping to prepare them for the social responsibility challenges and opportunities they will face throughout their careers. The author team provides the latest examples, stimulating cases, and unique learning tools that capture the reality and complexity of social responsibility. Students and instructors prefer this book due to its wide range of featured examples, tools, and practices needed to develop and implement a socially responsible approach to business.
Book Synopsis Teaching Business Sustainability by : Chris Galea
Download or read book Teaching Business Sustainability written by Chris Galea and published by Routledge. This book was released on 2017-11-28 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a world where corporate governance scandals have become the everyday, the role of business schools in producing the managers of today – and tomorrow – has come into sharp focus. Today's managers and the MBAs that will follow them are in need of an education that grounds business ethics and the overarching concerns of sustainable development into the curriculum. As some, but by no means all, organisations are coming to realise, bad performance in environmental protection, labour practices and human rights is no longer a "soft" issue but one that can hit the bottom line with a vengeance. So, what is the state of the art in teaching business sustainability worldwide, and what teaching practices and tools are achieving successful results? This book begins to answer these questions and more.There are many challenges facing educators in the field of sustainability. It is an evolving field still in its infancy as a management discipline; and there is also the need to combat the unstated but often underlying assumption that many environmental and social issues represent non-valued-added effort. Teaching Business Sustainability acknowledges this problem, while helping students explore the various ways in which the theoretical value of business sustainability can result in valuable and value-added practical outcomes.A wide mix of approaches is therefore indicated; while many of these are experimental and on the leading edge of management learning, they all share an experiential (and often a team-based) element, and attempt to bring together the theory in a way that makes it relevant to practitioners in the field. The implication is that, whenever possible, educators need to link the learning to the students' immediate and pressing "real-world" realities. This applies equally to undergraduates or high-level executives. However, in the absence of immediate examples of such realities (as may often be the case in undergraduate settings) educators need to introduce experientially based approaches that recreate such settings in the classroom.The book also argues the case for holistic and interdisciplinary learning. It is clear from much of the literature on sustainability that the concept does not easily lend itself to being pigeonholed and that it crosses many of the functional areas of business. Indeed, it goes beyond just business learning to encompass many fields such as ecology, engineering and biology. If students are to move beyond the narrow perspective that conventional business studies often entail, they need to be introduced to the wider vision that an interdisciplinary approach engenders.The final point that emerges from this collection is that experiential learning of business sustainability often can, and should be, fun! Be it a heated exchange in a case-study discussion, a role-play exercise or a hands-on student consulting project, much experiential learning seems to excite the imagination of the students and to release their creative juices.The 23 contributions to Teaching Business Sustainability have been divided into three thematic groups. In the first section, 'Theory, Critique and Ideas', the authors explore and critique some of the overarching ideas and thinking behind the teaching of sustainability. The next section, 'Learning from Current Practice', contains the experiences of a number of educators and the successful and leading-edge approaches that they have used. The final section then outlines tools, methods and approaches that can be used to teach business sustainability. This last section also serves as an introduction to a second volume – Teaching Business Sustainability Vol. 2 – which provides educators of sustainability with a series of case studies, role plays and experiential exercises. Teaching Business Sustainability is an invaluable resource both for educators working in a wide range of academic disciplines, looking for inspiration and guidance on how to teach business sustainability, as well as for organisations looking to reinvigorate internal management education programmes to factor in corporate responsibility and sustainability issues.
