Corporate Strategy New Forms Of Corporate Organization - amazonia.fiocruz.br

Corporate Strategy New Forms Of Corporate Organization - me!

Corporate sustainability is an approach aiming to create long-term stakeholder value through the implementation of a business strategy that focuses on the ethical, social, environmental, cultural, and economic dimensions of doing business. Corporate sustainability is often confused with corporate social responsibility CSR , though the two are not the same. Whereas ethics, morality, and norms permeate CSR, sustainability only obliges businesses to make intertemporal trade-offs to safeguard intergenerational equity. Short-termism is the bane of sustainability. The phrase is derived from the concept of "sustainable development" and the "triple bottom line. Within academic management circles, Elkington developed the concept of the Triple Bottom Line which proposes that business goals were inseparable from the societies and environments within which they operate. While short-term economic gains could be pursued, failure to account the social and environmental impacts of these pursuits is believed to make those business practices unsustainable. Measuring corporate sustainability is possible through composite indicators that cover environmental, social, corporate governance and economic measures. This concept proposes that by having an engaging environment within a company and within the community it operates will improve performance and increase profits. This can be attained through open communications with stakeholders characterized by high levels of information disclosure, clarity, and accuracy. Corporate Strategy New Forms Of Corporate Organization

Click to Check. The broadest definition of corporate social responsibility is concerned with what is — or should be — the relationship between global corporations, governments of countries and individual citizens. More locally the definition is concerned with the relationship between a corporation and the local society in which it resides or operates.

Another definition is concerned with the relationship between a corporation and its stakeholders. The issue of corporate social responsibility CSR has been debated since the s.

Latest analyses by Secchi and Lee reported that the definition of CSR has been changing in meaning and practice. The classical view of CSR was narrowly Corporaet to philanthropy and then shifted to the emphasis on business-society relations particularly referring to the contribution that a corporation or firm provided for solving social problems. In the early twentieth century, social performance was tied up with market performance.

The pioneer of this view, Oliver Sheldoncited in Bichta,however, encouraged management to take the initiative in raising both ethical standards and justice in society through the ethic of economizing, i. By doing so, business creates wealth in society and provides better standards of living. The present-day CSR also called corporate responsibility, corporate citizenship, responsible business and corporate social opportunity is a concept whereby business organizations consider the interest of society by taking responsibility for the impact of their activities on customers, suppliers, employees, Ov, communities and other stakeholders as well as their environment.

Navigation menu

This obligation shows that the organizations have to comply with legislation and voluntarily take initiatives to improve the well-being of their employees and their families as well as for the local community and society at large. CSR simply refers to strategies corporations or firms conduct their business in a way that is ethical and society friendly. CSR can involve a range of activities such as working in partnership with local communities, socially sensitive investment, developing relationships with employees, customers and their families, and involving in activities for environmental conservation and sustainability. The growth of an organization is determined by the collective imput of the customers, employee, stakeholders and the environment.

It has been observed most organizations are failing in their corporate social responsibility. Most organization releases exhaust gas from manufacturing process in to the environment therby putting the people of the community at risk.

It is however the responsibility of the organization to take the safety of the host community at high esteem. The productivity of any organization is determined by the input of the employees. If the employees are treated unfairly, this will affect the productivity of the organization.]