Module 2 – SLP – Virtue Ethics Essay.
Module 2 – SLP – Virtue Ethics
Instructions:-
Module 2 – SLP
Virtue Ethics
In Module 2 SLP, you will locate a scholarly article related to Corporate Social Responsibility in the library. Then, you will write a 2- to 3-page paper, in which you will summarize the article, and state why the article is an important contribution to the idea of Corporate Social Responsibility (or CSR).
Required Reading
Refer to the Background section of Module 2 for required and optional readings.
Assignment
Keys to the Assignment
Visit the library, and find a scholarly article related to Corporate Social Responsibility (CSR).
1. In 1-2 paragraphs, define what is meant by CSR.
2. Briefly summarize the article (1-2 paragraphs).
3. Discuss the contribution of the article to our knowledge of CSR – i.e., discuss why the article is important to our understanding of CSR. In short, why does this article matter?
4. Be sure to use at least one additional source from the library (other than your chosen article) to support your discussion and analysis (choose a source that is not included in the Background section of Module 2).
5. Follow the guidelines in The Student Guide to Writing a High Quality Academic Paper
6. You are expected to demonstrate evidence of critical thinking – as defined in the Module 2 background materials and the grading rubric.
7. Save your completed paper, and upload your assignment before the due date.
SLP Assignment Expectations
Your paper will be evaluated using the grading rubric.
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Solution
Module 2 – SLP – Virtue Ethics
CSR refers to various business practices that are undertaken with the main aim of benefitting the society. (Pedersen, 2015) The importance of giving back to society is significant since every company is attempting to use various methods to implement CSR into their activities. There are different programs that a company could undertake to ensure that they meet their CSR targets. Businesses can become socially responsible by:
Integrating environmental, social, ethical, and human and consumer rights concern when formulating the business strategy and operations.
Following the laws that govern the way business is conducted.
A key aspect about CSR is the fact that it is necessary for maintaining the sustainability of a business enterprise. (Lindgreen & Swaen, 2010) It also enables companies to become more innovative and competitive while making sure that the society benefits from the operations that they conduct. CSR is led by the corporation since it must be an internal initiative, but public authorities will play a supporting role using voluntary policy measures and complementary regulation where necessary. It is an important area that most forward-thinking companies are placing great emphasis. Today, consumers are becoming more enlightened and aware of the products that they buy than ever before. Trends have shown that a company that practises CSR has a good image in the public domain and hence consumers will gravitate towards their products or services. (Pedersen, 2015)
Summary
The chatter surrounding CSR has led originations to start implementing the various practices in their strategies. The right approaches to take in implementation are still not very clear to theorists hence managers lack a full understanding of what CSR should comprise hence hindering its development. The report focuses on CSR analysis at the organisation level and its impact on various performance and processes. There is a survey on five critical areas that help in answering some questions surrounding the viability of CSR.
Communication
Companies are using CSR initiatives to increase their visibility in the public eye using annual report and websites. Debates have risen as to whether companies ought to communicate all their CSR initiatives and the appropriate channels to use. However, talking about social activities may trigger the cynicism and scepticism of stakeholders as they may suspect the company of being self-serving.
Implementation
The practical aspects and dynamics of implementing a CSR programme in a company lack empirical or theoretical support. The available models are unclear since they were developed with research based on relatively limited dimensions and aspects. There are no clear guidelines relating to the integration of CSR activities.
Stakeholder Engagement
The CSR demands from the various stakeholders are conflicting and hence managers must dialogue with the various stakeholders to come up with implementation programs that will benefit everybody.
Measurement
There is no proven way measuring the CSR contribution of every company and there are many different activities that a company could choose. Organisations are left to engage in CSR at their discretion hence there is no universally accepted threshold for performing social duties.
Business Case
Companies implement CSR to achieve different objectives, but they are opening up to the idea since it is a win-win for the community and business and improves the reputation of the organisation.
The report gives us an overview of how companies design, implement and measure the outcome of CSR initiatives. It gives the conditions necessary for the successful implementation of CSR and it will help managers in deciding which activities to undertake. The report is also clear on the fact that CSR needs a lot of research in some of its conflicting areas.
Importance
The report is an excellent depiction of the state of CSR in companies around the world, especially with globalisation. Since companies benefit from operating in a certain community, they should give back to that society to continue sustainability. This article matters because it sheds light on questions regarding CSR that have gone unanswered in the past. Managers must know how to balance the needs of all stakeholders to ensure that none of them is at a disadvantage. For example, a business should not benefit society while having an adverse impact on workers and shareholders. (Pedersen, 2015)
References
Lindgreen, A. & Swaen, V. (2010). Corporate Social Responsibility. International Journal Of Management Reviews.
Pedersen, E. (2015). Corporate social responsibility (1st ed.). SAGE Publications.
