By Michael Hopkins
The enterprise of industrial is company. So then why may still organizations be inquisitive about improvement? This groundbreaking new booklet makes the case that that governments and their foreign corporations grouped less than the umbrella of the UN, have failed of their makes an attempt to rid the planet of under-development and poverty. If improvement is the target then apparently the answer and the accountability lies with the personal quarter, relatively during the company Social accountability (CSR) courses of huge organizations, with their large strength and fiscal strength.This ebook, written via famous CSR practitioner Michael Hopkins, is the 1st to explicitly hyperlink CSR with improvement. It spells out what agencies are doing on improvement, what extra they can do and the way CSR could be a great tool to advertise financial improvement through agencies. this can be vital and not easy analyzing for all of these in executive, company and NGOs who imagine that there has to be a greater, greater and dynamic option to kick-start improvement and remove poverty.
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Extra resources for Corporate Social Responsibility and International Development: Is Business the Solution?
9 Why should a firm worry about ‘outside’ stakeholders? 10 Why should CSR care about creating higher standards of living for people outside the corporations? 3 Michael Hopkins (2003) The Planetary Bargain – CSR Matters, London, Earthscan. 4 I discussed in The Planetary Bargain the fact that corporate social responsibility is not a new issue. The social responsibility of business was not widely considered to be a significant problem from Adam Smith’s time to the Great Depression. But since the 1930s, and increasingly since the 1960s, social responsibility has become ‘an important issue not only for business but in the theory and practice of law, politics and economics’.
The lack of a widely agreed definition contributed to misunderstanding and cynicism towards the concept itself. 2 For the purposes of this book, it is essential to know what I am talking about and why I believe CSR offers an opportunity to do much more on development than has been the case to date. In this chapter, therefore, I look at the various definitions and controversy surrounding CSR and conclude with what I think is the best definition of CSR. My original CSR definition A definition that I have used for some years is as follows: CSR is concerned with treating the stakeholders of the firm ethically or in a responsible manner.
Some argue that CR is a red herring or even an oxymoron, that companies are simply mechanisms to serve shareholders and that ethical concerns are alien to this idea of the corporation. But a mechanistic view of the corporations does not do justice to the history of corporate charters and financing. He also remarks that: Our two definitions (of CR as I use it and CSR as you do) are actually not incompatible, because you refer to all stakeholders and I refer to doing more than the law requires. e.