Top.Mail.Ru
Preview

Vestnik Universiteta

Advanced search

CORPORATE SOCIAL RESPONSIBILITY AS AN INTEGRAL PART OF EFFECTIVE ACTIVITY OF ORGANIZATION

https://doi.org/10.26425/1816-4277-2019-12-154-158

Abstract

Corporate social responsibility (CSR) is a new idea in which the corporate sector incorporates social and environmental issues into its strategies. The reasons, why CSR should become an integral part of the effective activity of the organization: moral obligation, sustainability, license to act and reputation, have been highlighted in the article. The problem of CSR integration into corporate goals has been considered. Integration of business and social needs can provide an organization with a leading position, but this  requires a willingness to make some adjustments. With some effort and foresight, CSR can be easily integrated into the goals of almost all organizations. When properly understood and executed, it is a win-win strategy, that benefits both the company and society.

About the Author

Zi Gunchao
The Southwest State University
Russian Federation

Postgraduate student

Kursk



References

1. Groshev I. V., Vatlin A. A. Korporativnaya sotsial’naya otvetstvennost’ i kul’tura: genezis, sintez ponyatii i kompetentsii [Corporate social responsibility and culture: genesis, synthesis of concepts and competences], Izvestiya Yugo-ZAPADNOGO gosudarstvennogo universiteta. Seriya: Ekonomika. Sotsiologiya. Menedzhment, 2014, I. 6 (57), pp. 129-133.

2. Arena C. The high-purpose company: The Truly Responsible (and Highly Profitable) Firms That Are Changing Business Now. Available at: https://archive.org/details/highpurposecompa00aren (accessed 26.10.2019).

3. Doane D. The myth of CSR. Available at: http://www.ssireview.org/articles/entry/the_myth_of_csr/ (accessed 26.10.2019).

4. Eccles R. G., Newquist S. C., Schatz R. Reputation and its risks. Available at: https://www.researchgate.net/publication/6460600_Reputation_and_its_risks (accessed 26.10.2019).

5. Friedman M. The social responsibility of business is to increase its profits, New York, Times Magazine, 1970, 342 р.

6. Porter M. CSR – a religion with too many priests? European Business Forum 2003. Available at: http://www.ebfonline.com (accessed 26.10.2019).

7. Porter M. E., Kramer M. Strategy and society – The link between competitive advantage and corporate social responsibility. Harvard Business Review. Available at: https://www.sharedvalue.org/sites/default/files/resource-files/Strategy_and_Society.pdf (accessed 26.10.2019).

8. Reich R. Supercapitalism. The Transformation of Business, Democracy, and Everyday Life, New York, Vintage Books, 2007, 289 p.

9. Rionda Z. What is corporate social responsibility? 8 Questions and answers, Cutter Consortiumand USAID. Available at: https://www.pmi.org/learning/library/corporate-social-responsibility-strategies-6976 (accessed 26.10.2019).

10. The Nestle concept of corporate social responsibility: As implemented in Latin America. Available at: https://www.sharedvalue.org/sites/default/files/resource-files/Nestle_Corporate_Social_Responsibility_in_Latin_America.pdf (accessed 26.10.2019).


Review

For citations:


Gunchao Z. CORPORATE SOCIAL RESPONSIBILITY AS AN INTEGRAL PART OF EFFECTIVE ACTIVITY OF ORGANIZATION. Vestnik Universiteta. 2019;1(12):154-158. (In Russ.) https://doi.org/10.26425/1816-4277-2019-12-154-158

Views: 537


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 1816-4277 (Print)
ISSN 2686-8415 (Online)