Tuesday, May 19, 2020
The Benefits of Corporate Social Responsibility (CSR)
Corporate social responsibility (CSR), which was first suggested in the late 1960s, is an idea to urge companies not only to focus on maximizing the profits of shareholders, but also the interests of other stakeholders like suppliers and employees (Wong, 2014). Issue about whether adopting CSR can enhance companiesââ¬â¢ performance is still controversial. However, it is becoming more and more popular for companies to carry out different types of CSR measures since it is being widely believed that practicing CSR is beneficial to corporationsââ¬â¢ performance. In this essay, aspects including financial performance, employeesââ¬â¢ commitment, community relation and companiesââ¬â¢ efficiency, which are essential components contributing to organizational performance, are examined to evaluate the influence of CSR. It is suggested that corporate social responsibility generally helps bolster companiesââ¬â¢ performance. First of all, financial performance is probably one the most important parameters in determining the success of a company. Shareholders are expected to earn profits when they decided to invest in particular corporations. If adopting CSR practices can improve the financial performance of firms, then it is suggested that CSR is beneficial to the performance of companies. Several studies have revealed that companiesââ¬â¢ financial performance can benefit from practicing CSR. McGuire, Sundgren and Schneeweis (1988) claimed that CSR practices helped reduce firm risks by ways like building upShow MoreRelatedWhy Csr? The Benefits Of Corporate Social Responsibility1654 Words à |à 7 PagesQuestion #1: Forbes Magazine Entrepreneurs segment published an article ââ¬Å"Why CSR? The Benefits Of Corporate Social Responsibility Will Move You To Actâ⬠. The author of the article Devin Thorpe, connected with several corporate executives representing small and large organizations from an array of different industries in efforts to establish if CSR does in fact benefit a corporation. Based off his discussions with these business professionals and experts, Devin concluded the following: MajorityRead MoreThe Impact Of Corporate Social Responsibility On Business1626 Words à |à 7 Pages In contrast, this research shows that the impact of corporate social responsibility can extend beyond public relations and customer goodwill to influence the way consumers evaluate a company s products. Specifically, this research documents that acts of social goodwill--even when they are unrelated to the company s core business, as in the case of charitable giving--can alter product perceptions, such that products of companies engaged in prosocial activities are perceived as performing betterRead MoreCorporate Social Responsibility ( Csr )1370 Words à |à 6 Pagesattention on the concept of Corporate Social Responsibility (CSR). The core issue is the appropriate responsibility of business. In as much as firms ought to obey the law, but beyond complete compliance with environmental laws, the question is whether firms have extra social responsibilities to commit part of their resou rces to environmental preservation voluntarily. This memo provides an exploratory investigation of the link between corporate social responsibility and the benefits accruing to a firm. TheRead MoreThe Problems of Social Responsibility1350 Words à |à 5 Pages1. INTRODUCTION Combine Corporate Social Responsibility (CSR) into strategic management is making and increase profit to a companys business. In recent year, the importance of Corporate Social Responsibility (CSR) has gradually become a very concern to industries. Hence, there have been gradually increasing tensions with many companies and increase the responsibility of managers try to carry out Corporate Social Responsibility (CSR) to society. In fact, managers should be having knowledge and understandingRead MoreCorporate Social Responsibility ( Csr )1549 Words à |à 7 Pagesgovernments to take responsibility for the problems but also the corporations. One outcome of this is corporate social responsibility (CSR). CSR refers to voluntary actions of companies or corporations to contribute to the welfare of society and the health of the environment. Some ways it can be accomplished are through philanthropy, working with NGOs in local communities on humanitarian and/or environmental projects, suppo rting workersââ¬â¢ unions, and investing in green technologies. CSR is not a new conceptRead MoreTo What Extent Is Csr Beneficial to a Companys Performance1184 Words à |à 5 PagesTo What Extent is CSR Beneficial to a Companyââ¬â¢s Performance? Corporate social responsibility (CSR), which is a popular debate topic over decades, has divided into five major dimensions over time. They are known as the stakeholder dimension, the social dimension, the economic dimension, the voluntariness dimension and the environmental dimension in research (Dahlsrud, 2008). The relationship between CSR and companyââ¬â¢s performance, which is classified as the stakeholder dimension, aroused a controversialRead MoreDefinition of Csr1234 Words à |à 5 Pagesactively involved in is Corporate Social Responsibility (CSR). Some may debate that it decreases companyââ¬â¢s profits by spending much money on CSR. However, according to Needle (2004), ââ¬Ëgoodââ¬â¢ CSR is also good for business, a firm could benefit from doing CSR. Thus, this paper aims to explain its importance. It begins with the definition of CSR and its four responsibilities, then presents how it influences a business and benefits it can bring. Finally, I am going to descr ibe strategic CSR and discuss why firmsRead MoreChallenges in Implementing Csr1580 Words à |à 7 PagesChallenges in implementing CSR Corporate Social Responsibility can be separate into internal dimension and external dimension. Internal dimension and external dimension Internal dimension focuses on organizational practices with respect to internal stakeholders that should be aligned to corporate social responsibility standards. It includes human resource management, safety and health, environmental impact and corporate change. External dimension focus on an organization practices towards externalRead MoreThe Code Of Corporate Social Obligation Essay1557 Words à |à 7 PagesIntroduction Corporate social obligation is an administration idea whereby organizations incorporate social and natural concerns in their business operations and collaborations with their stakeholders. CSR is by and large seen as being the path through which an organization attains to a parity of financial, natural and social goals while in the meantime tending to the desires of shareholders and stakeholders. The Indian Companies Act, 2013, which fuses CSR The Ministry of Corporate Affairs has advisedRead MoreImplementation Of Corporate Social Responsibility Initiatives1150 Words à |à 5 Pages Implementation of corporate social responsibility initiatives provides various benefits to organizations. These benefits outweigh the costs of such initiatives. Discuss Corporate social responsibility(CSR) isn t a new concern. CSR is usually a managing strategy where organizations integrate sociable and environment concerns into their enterprise surgical procedures and relationships with their stakeholders. The necessity for established social responsibilities in addition to ethical frameworks
Wednesday, May 6, 2020
Review of The Merchant of Venice by William Shakespeare...
Review of The Merchant of Venice by William Shakespeare Shakespeare wrote the Merchant of Venice, it is one of Shakespeares less known plays because the original manuscripts were lost but the play did re-surface in the 1600s. In Shakespeares time there was only one Jew in England, he name was Rodrigo Lopez. He was the Queens Physician and was only half Jew. He was tried and executed. Shakespeare probably never met a Jew so he may have got his attitudes towards Jews from his experiences of them; he may also haveâ⬠¦show more contentâ⬠¦The courtroom scene is one of the most important scenes because everyone is on stage and it is the penultimate scene of the play. Act IV Scene I is a stage for Shakespeare to present his ideas to the audience, he shows the Duke using derogatory language towards Shylock to show the attitudes of Venice towards Jews and he also shows us that women were not recognised in court through Nerissa and Portia dressing up as men to save Antonio. This scene also shows a change in attitude over time because in Shakespeares time a Jew having to change to a Christian was a fate worse than death because it is a spiritual death and some people would say if you cant be yourself whats the point of life. But in our time death is much worse because we are not so religious. As the scene opens, the Duke begins the dialogue with references to Shylock. The Duke uses phrases such as `That thou but leadest this fashion of thy malice, `thou art come to answer a stony adversary, an inhuman wretch to describe Shylock and his actions. Shakespeare uses this language to show how alienated Shylock is from the rest of the people in the courtroom and it also sets the scene that the trial is straight away biased because of the prejudice towards Jews. When Shylock enters the court, the Duke continues to use derogatory and insultingShow MoreRelatedRacism And Prejudice By William Shakespeare s The Merchant Of Venice Essay1699 Words à |à 7 Pagestheir religion and what they believe in, however there is racism and prejudice present in the world. William Shakespeareââ¬â¢s The Merchant of Venice is one of his most controversial plays. Written in the 16th century England, the play poses many questions concerning racial, religious and human differences due to anti-sem itism being very common at the time. The story is set in Venice where a merchant named Antonio lived. His poor friend Bassanio wants to charm and marry a lovely, rich girl of BelmontRead MoreThe Merchant Of Venice : Comedy Or Tragedy? Essay1416 Words à |à 6 PagesDecember 2015 The Merchant of Venice: Comedy or Tragedy? Intro: William Shakespeareââ¬â¢s The Merchant of Venice is a perplexing story of dark humor, race, religion, identity, love, and justice. Generally, most people understand The Merchant of Venice as a comedy about a bitter and outcasted Jewish moneylender named Shylock who seeks revenge against a Christian merchant who has failed to pay his loan back. However, there are many different perspectives on whether The Merchant of Venice is a comedy orRead MoreEssay on Discrimination in The Merchant of Venice1400 Words à |à 6 PagesDiscrimination is a resounding theme in The Merchant of Venice (Meyers). All of the characters are affected by inequality. This inequity is evidenced clearly in Shylock, the Jewish usurer. He is treated with scorn and derision by all the characters. Shylockââ¬â¢s misfortunes stem not from poor attributes or even a poor background; it stems from the fact he is Jewish, and what is more, he is impenitent of that distinction. If he had been more daunted by Chri stian influence, he might have been forgivenRead MoreAnalysis Of The Movie The Merchant Of Venice 1918 Words à |à 8 PagesPerformance Analysis of T he Merchant of Venice Jordan Thomas Mullineaux-Davis William Shakespeare has regularly throughout time been referred to and could be viewed as anti-Semitic because of the cultural implications within many of his plays. A particularly strong example of this could be The Merchant of Venice. This essay will explore arguments of post-colonialism within The Merchant of Venice, discussing the pertinent issues of anti-semitism, racial isolation and prejudice. It will also commentRead MoreThe Merchant Of Venice By William Shakespeare1102 Words à |à 5 Pagespassed, but even today, women are being treated unfairly in certain situations. However, in The Merchant of Venice, William Shakespeare challenges the concept of women being unequal to men. He conveys this message through the actions of Jessica, Portia, and Nerissa. The female characters empower themselves, accomplishing various tasks in order to gain control over the men in their lives. The Merchant of Venice is a highly effective feminist play, which is demonstrated through the assertiv e and cleverRead MoreThe Merchant Of Venice By William Shakespeare1153 Words à |à 5 Pagesprogressed as time has passed, but even today, women are treated unfairly. However, in The Merchant of Venice, William Shakespeare challenges the concept of women being unequal to men. He conveys this message through the actions of Jessica, Portia, and Nerissa. The female characters empower themselves, accomplishing various tasks in order to gain control over the men in their lives. The Merchant of Venice is a highly effective feminist play, which is demonstrated through the assertive and cleverRead MoreThe Death of William Shakespeare Essay636 Words à |à 3 PagesThe Death of William Shakespeare William Shakespeare is one of, if not the worlds most revered English writers. His works have inspired many to write and follow in his footsteps, and break new ground in terms of ingenuity and innovation. As described in The Anxiety of Influence, by Harold Bloom, that Shakespeares works will never be subjugated. His works could never be looked at as second best and should be praised for his enterprise.(Bloom) If we are to talk about the death of superlative writerRead MoreEssay on The Influential Life of Christopher Marlowe 1460 Words à |à 6 Pagesregarding his death. There are various theories surrounding the death of Marlowe, including the belief that he was murdered and the assumption that he never actually died but faked his death and continued his life posing as William Shakespeareââ¬âaccording to The International Marlowe-Shakespeare Society--. Poet and dramatist Christopher Marlowe influenced many writers during the Renaissance period because of his acclaimed plays and poems, making a name for himself before his life ended suddenly during theRead MoreEssay on Shakespeares The Merchant of Venice1955 Words à |à 8 PagesThe Rivals Love triangles are complicated and messy scenarios that are caused by the indecision of the person in the middle or the inability of the others to move on. The same is seen in The Merchant of Venice, in which Antonio and Portia fight for Bassanio. Throughout the play we see many bonds or connections between both Antonio and Bassanio as well as Portia and Bassanio. To many, the main plot may seem to be the conflict between Antonio and Shylock, when in reality itââ¬â¢s the love that AntonioRead MoreHow Shakespeare Impacted The British History?1851 Words à |à 8 PagesWasemiller 19 February, 2015 How Shakespeare Impacted the British History? Shakespeareââ¬â¢s influence on the British culture in the 21st century remains unwavering. ââ¬Å"Although William Shakespeare is viewed as the quintessential English writer, Shakespeareââ¬â¢s poems and plays have altered the course of European and World literature. The shadow that William Shakespeare has cast over the world has influenced artists, poets, philosophers and thinkers.ââ¬â¢ (William Shakespeare- Biography, n.d.). Because of him
Cultural Inclusiveness Contributing Satisfaction
Question: Discuss about the Cultural Inclusiveness Contributing Satisfaction. Answer: Introduction It was identified that each nation has its own culturally distinct clusters. Each of those clusters reflects a shared history, religion, economic expansion, regional closeness and other factors. As mentioned by Moran et al. (2014), within each cluster, nations are parallel on three to four cultural value orientations. Anglo is a cluster that includes countries such as UK, Australia, Canada, Ireland, USA and New Zealand. On the other hand, China is included in the cluster named as Confucian Asia where other countries in the same cluster are Taiwan, Hong Kong, Japan, South Korea and Thailand. Initial cross cultural differences between Australia and China can be seen by understanding these two clusters. Anglo cluster reflects individualism, insolence and extravagance. Within this cluster, people of different nation including Australia reflect a high personal goal orientation (Van den Bos et al. 2013). Here rewards are based on merit and personal achievement goals take preference over family or communal bonds. China belongs to Confucian Asia where goals are more communal and family oriented. Within in this cluster, cultural value profile describes societies with a pragmatic and entrepreneurial direction (Minkov and Hofstede 2012). Chinese people put more focus on relationships than any other matter in their life. Further cross cultural differences between Australia and China are described below using Geert Hofstede model. Power Distance As mentioned by Biddle and Swee (2012), this dimension oversees the fact that people in a society are not identical. It shows the amount to which the less influential people of associations within a nation expects and accept that power is dispersed asymmetrically. When Australia is compared with China in terms of this dimension, then it can be seen that Australias score is low that is 36 than China. Chinas score in this dimension is 80. Within Australian organization, hierarchy is developed for expediency and superiors are always available if someone is looking for help. Managers strappingly depend on individual employees and teams for their proficiency (Meadows 2013). In Australian organization information is shared recurrently where communication styles are extremely informal, direct and participative. Australian employees are not restricted within their ranks and they are allowed to provide ideas for other departments. Brainstorming is a common method used in Australian organizations where employees are allowed to provide even out of the world ideas. Score of China in this dimension is on the higher side as Chinese society strongly believes that differences and inequalities among people are acceptable. In Chinese organizations relationship trend between employees and employers is polarized. Senior employees or employees can abuse subordinates where those subordinates have no defense against it (Blowers 2014). Formal authorities are here responsible for influencing each employee that also includes sanctions. Another reason that China has a high score in this dimension is because of the people of the nation who are generally idealist. People of China are strongly optimist about others capacity for leadership and initiative. On the other hand, employees of a department are strictly instructed to perform and think about their job only (Warner 2014). They are not expected and allowed to show ambition beyond their rank or position in an organization. Individualism Individualism is a dimension where the issue related to the amount of interdependence that a civilization maintains amid its members is discussed. It deals with a major factor of a society that is whether self image of people is described in terms of We or I. Societies that are individualist, people are expected to look after themselves and their families only. On the other hand, in case of collective society, citizens mostly stick to groups that take care of them in trade for devotion. In this dimension, Australia being a highly individualist culture has a high score which is 90. This clearly indicates that society in Australia is loosely-knit where people are expected to look after themselves and their family only (Brown 2012). Same thing can be seen in case of the business organizations of Australia. In business organizations of Australia each employee is expected to become self reliant. They are also expected to show initiative. On the other hand, within the exchange-based world of work in Australia, any decision related to promotion and recruitment strictly depends on merit and experience. Previous work experience highly matters in Australia as organization want to know about what one has done or is capable to perform. China has a low score of 20 in this dimension as the nation follows a collectivist culture (Li et al. 2016). People in China act work to fulfill goals and objectives of the groups. Personal gaining and achievements are not important in this nation. As a result of this in-group deliberation hiring and promotional activities get affected in the country. It is already discussed that in Australia, recruitment and promotional activities are strictly based on the qualification and capability (Atchley et al. 2014). On the other hand, it is absolutely opposite in China. While recruiting new candidates or promoting existing candidates Chinese employers give preference to family members or employees who are deeply influenced by them. In china it is also seen that commitment of employees towards the organization is comparatively low than the employees of Australia. However, employees show more commitment to the people with whom they are working. On the other hand, it is also true that in some o rganizations of China relationship among the employees is cold and hostile. In China, personal relationship gains more preference over organizational goals and company (Liu et al. 2013). Masculinity Masculinity is also known as manhood, manliness or boyhood. It is a set of behaviors, attributes and roles that are commonly related with men and boys. According to Koopmann-Holm and Tsai (2014), masculinity is a socially constructed characteristics but it is made up with biologically created and socially constructed factors. It has been found that both males and females can show masculine characteristics (Vaiman and Brewster 2015). It includes traits such as assertiveness, independence, and courage. All these traits change in accordance to context and location. Vaiman and Brewster (2015) stated that, these factors are also influenced by cultural and social factors. Liu et al. (2013) argued that over-importance on masculinity is related with disregarded responsibility and consequences. High score in this dimension (Masculine) means the society will be driven by factors such as success, achievement and competition. It is a value system that starts from school and continues throughout the life (Vaiman and Brewster 2015). On the other hand low score in this dimension (Feminine) means dominant factors in the society are such as quality of life, caring for others. It has been found that, Australia and China both score high in this dimension. Australia scores 61 in the dimension, while China scores 66 in this dimension. Hence, both the countries can be considered as masculine. In Australia, it has been found that behaviour in school; play and work are based on their shared value of success (Rallapalli and Montgomery 2015). They always try to be the best that they can be. They believe that the winner takes all. Koopmann-Holm and Tsai (2014) stated that, Australians are always feel proud of their successes and their achievements in life. All the hiring decisions and promotional decisions in Australian companies are taken on the basis of this characteristic. In case of country China, it has been found that Chinese people can sacrifice their personal life, leisure and family to give priority to work (Koopmann-Holm and Tsai 2014). For this reason, the country score 66 in this dimension. For example, service providers like hairdressers can give servi ce until very late night. Migrated farmers can sacrifice their family in order to get better job opportunities (Geert-hofstede 2016). Chinese students care very much about their scores and rank in exam. All these are prior example of masculine society. Uncertainty Avoidance Uncertainty avoidance is the dimension that defines how the civilization deals with the information that the future is unknown (Vaiman and Brewster 2015). This dimension brings apprehension with it. Dissimilar cultures have learnt different systems to deal with anxiety. According to Koopmann-Holm and Tsai (2014), the degree to which members of a culture feel endangered by unknown situation and shaped viewpoint to shun these situations is reflected in the score of uncertainty avoidance. It has been found that people with high uncertainty avoidance tend to be more rational. Doris et al. (2015) stated that these types of people always try to avoid unknown and uncertain circumstances. They follow all the rules, laws and regulations step by step. On the other hand, people belong to low uncertainty avoidance are comfortable around unstructured situations and dynamic environments. These people are considered as more pragmatic and they are tolerant change. The country Australia has scored 51 (Intermediate) in this dimension. The government of the country has developed different rules and regulations in order to control international business, organizational behaviour, international negotiation and communication (Spencer et al. 2015). On the other hand, China has score very low (30) in this dimension. Tawagi and Mak (2015) stated that, in the immediate social circle of Chinese people, truth is a relative term. All the rules and laws are becoming flexible so that they become suitable with the actual situation. Pragmatism is considered as a part of Chinese social life. According to Ferraro and Brody (2015), Chinese feel comfortable with uncertainty and they are tolerant change. In fact all the Chinese languages are full of many uncertain meaning, which are tough to follow by Western people. Chinese people are considered as entrepreneurial and adaptable (Veal et al. 2015). It has been found that majority of the Chinese organizations are sm all or medium in size (70%- 80%). For this reason, the feeling of uncertainty is considered low for Chinese organizations. Long Term Orientation Vogel et al. (2015) stated that, the dimension named long term orientation describes how every civilization maintains its association with its past, while dealing with the present and future challenges. This dimensional value can be considered as very important information in organizational management and negotiations as it has strong role to play in motivation. Long term orientation can be found when people become focused on their future. Long term oriented people are willing to setback their short term communal achievement, short term material or even short term expressive fulfillment so that they can become prepared for the future. Banks (2015) stated that, having this cultural perspective means people give value to perseverance, persistence, adaptation and savings. On the contrary, short term orientation is more focused on past and present rather future. They give ample value to social hierarchy, social obligation and traditions. Short term oriented people have more immediate gra tification compare to long term fulfillment. It has been found that different societies have prioritized these two existential aims differently. Torelli et al. (2015) stated that societies which scored low in this dimension is known as normative societies. They always try to maintain time-honored traditions and norms and view the social change as suspicion. On the other hand, cultures that scores high in this dimension, takes more pragmatic approach. They always encourage the effort in modern education and always try to be prepared for the future. It has been found that, Australia has scored low (21) on this specific dimension. Hence, it can be considered as normative culture. People belong to this society has strong concern about developing absolute truth (Geert-hofstede 2016). It has been found that Australians are considered as more normative in their thinking. They have great respect for their cultures and traditions. They have small inclination towards saving their futures. They are also focused on achieving results within small period of time. Chinese culture is found to be the opposite of Australian culture in terms of long term orientation. China has scored high (87) in this dimension. It means the Chinese people believe in pragmatic culture. Chinese society has more pragmatic culture. They believe that, truth highly depends on time, situation and context. Chinese people have the capability to adapt traditions comfortably in changed situation. They have strong inclination towards saving and investing on perseverance in order to achieve the result. Indulgence In accordance to Roman Catholic Church, indulgence is method reducing the amount of punishment that a person has to undergo for sins (Koopmann-Holm and Tsai 2014). It can be considered as a challenge that confronts humanity for the present and past. It is the degree to which children are getting socialized. Rallapalli. and Montgomery (2015) stated that without socialization people will not become human. The dimension of indulgence can be defined as the extent to which people can handle or control their impulses or desires, depending on the way they were raised. According to Matzler et al. (2016), strong control is known as restraint and weak control is known as indulgence. Hence, a culture can be described as restrained or indulgent. Australia has scored high in this dimension (71). Hence, Australia can be considered as an indulgent industry. People, who belong to this industry, show their willingness towards their desires and impulses. They use to enjoy their life and use to have fun in their work. Vaiman and Brewster (2015) stated that Australian people have inclination towards optimism and they are known for their positive attitudes (Marsh et al. 2015). On the contrary, China can be considered as restrained society, as it scores low (24) in this dimension in accordance to Hofstedes cultural model. Chinese society has the tendency or inclination towards pessimism and cynicism. Unlike Australian society, Chinese society does not provide much emphasis on the leisure time. Chinese people never want to manage the indulgence of their requirements. Chinese people have the awareness that their actions are totally controlled by their social norms. Conclusion In the end, it can be concluded that Australia and China have lots of cross cultural differences. The biggest difference was seen among the people of the country including their behavior and mentality. Australian people are focused on personal goals and put their professional life before their families. On the other hand, for Chinese people family comes first. They give minimum preference to organizational goals and objectives. This mentality of China is mostly seen at the times of promotion and recruitment. In Australia merit is preferred where in China relationship matters most. Society in Australia is loosely-knit where people are expected to look after themselves and their family only. On the contrary, People of China act together to fulfill goals and objectives of the groups. Personal gaining and achievements are not important in this nation. People belong to the Australian society has strong concern about developing absolute truth. It has been found that Australians are considered as more normative in their thinking. On the other hand, Chinese people believe in pragmatic culture. Chinese society has more pragmatic culture. They believe that, truth highly depends on time, situation and context. Chinese people have the capability to adapt traditions comfortably in changed situation. They have strong inclination towards saving and investing on perseverance in order to achieve the result. Reference list Atchley, P., Shi, J. and Yamamoto, T., 2014. Cultural foundations of safety culture: A comparison of traffic safety culture in China, Japan and the United States.Transportation research part F: traffic psychology and behaviour,26, pp.317-325. Bain, P., Vaes, J., Kashima, Y., Haslam, N. and Guan, Y., 2012. Folk conceptions of humanness beliefs about distinctive and core human characteristics in Australia, Italy, and China.Journal of Cross-Cultural Psychology,43(1), pp.53-58. Banks, J.A., 2015.Cultural diversity and education. Routledge. Biddle, N. and Swee, H., 2012. The relationship between wellbeing and Indigenous land, language and culture in Australia.Australian Geographer,43(3), pp.215-232. 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