Free Essays on Corporate Social Responsibility

Corporate Social Responsibility - What does it mean? One of the most frequently asked questions - and probably for all those individuals and organisations dealing with CSR issues is the obvious - just what does "Corporate Social Responsibility" mean anyway? Is it a stalking horse for an anti-corporate agenda? Something which, like original sin, you can never escape? Or what? Different organisations have framed different definitions - although there is considerable common ground between them. My own definition is that CSR is about how companies manage the business processes to produce an overall positive impact on society. Take the following illustration: Companies need to answer to two aspects of their operations. 1. The quality of their management - both in terms of people and processes (the inner circle). 2. The nature of, and quantity of their impact on society in the various areas. Outside stakeholders are taking an increasing interest in the activity of the company. Most look to the outer circle - what the company has actually done, good or bad, in terms of its products and services, in terms of its impact on the environment and on local communities, or in how it treats and develops its workforce. Out of the various stakeholders, it is financial analysts who are predominantly focused - as well as past financial performance - on quality of management as an indicator of likely future performance. Other definitions The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts, used the following definition. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large" The same report gave some evidence of the different perceptions of what this should mean fr... Free Essays on Corporate Social Responsibility Free Essays on Corporate Social Responsibility Corporate Social Responsibility - What does it mean? One of the most frequently asked questions - and probably for all those individuals and organisations dealing with CSR issues is the obvious - just what does "Corporate Social Responsibility" mean anyway? Is it a stalking horse for an anti-corporate agenda? Something which, like original sin, you can never escape? Or what? Different organisations have framed different definitions - although there is considerable common ground between them. My own definition is that CSR is about how companies manage the business processes to produce an overall positive impact on society. Take the following illustration: Companies need to answer to two aspects of their operations. 1. The quality of their management - both in terms of people and processes (the inner circle). 2. The nature of, and quantity of their impact on society in the various areas. Outside stakeholders are taking an increasing interest in the activity of the company. Most look to the outer circle - what the company has actually done, good or bad, in terms of its products and services, in terms of its impact on the environment and on local communities, or in how it treats and develops its workforce. Out of the various stakeholders, it is financial analysts who are predominantly focused - as well as past financial performance - on quality of management as an indicator of likely future performance. Other definitions The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts, used the following definition. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large" The same report gave some evidence of the different perceptions of what this should mean fr...

The Complexity of Compounds

The Complexity of Compounds The Complexity of Compounds The Complexity of Compounds By Mark Nichol A site visitor asked about the correct usage of a word used to describe meetings held in a face-to-face format rather than in a classroom-seating orientation. Is such a gathering a round table, or a roundtable? When describing a piece of furniture with a circular surface, we write â€Å"round table.† But as often occurs when a quotidian term develops a new sense, the treatment changes. Unfortunately, this development is haphazard and inconsistent, partly because we are within the transition zone for much of our vocabulary, and various dictionaries may diverge in their treatment of a specific term. However, the predominant form for the sense of â€Å"face-to-face group meeting† is now roundtable. (But maintain distinctions for various senses: â€Å"King Arthur’s Round Table was literally a round table as well as an assembly of his supporters, at which they not only feasted but also held roundtables.†) This type of evolution occurs often in commercial and organizational contexts. Other open compounds undergoing such a transformation include â€Å"life cycle† (to describe the cyclical nature of products and systems) and â€Å"road map† (in reference to the course an organization takes for itself or for a product or service). However, in the biological sense of â€Å"life cycle† and the literal cartographic sense of â€Å"road map,† these compounds remain open, though that status may change. (See this post, which describes the life cycle of compound words.) Why does this change occur? Humans have a natural tendency to simplify or consolidate things, including language. And in an open system such as language development, it is easy for nonstandard terminology (slang, jargon, and so on) and treatment (abbreviation, contraction, capitalization, spelling, and so on) to take hold and prevail. When writers make assumptions without verification about how compound words are styled- including such transitional forms as by-product and mind-set, styling them byproduct and mindset- those forms replicate virally as others see them in published materials and uncritically employ them. That is the process of evolution by which â€Å"round table† will almost inevitably become roundtable not just in organizational jargon but also in everyday use to describe household furniture, and by which lifecycle and roadmap are likely to someday apply in all connotations, and by which byproduct and mindset will become standard. But the tipping point for these forms has not yet arrived, so continue to refer to reputable sources and observe the â€Å"round table†/roundtable distinction as well as the others noted here. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Spelling category, check our popular posts, or choose a related post below:50 Rhetorical Devices for Rational WritingTen Yiddish Expressions You Should Know"To Tide You Over"