... counterparts.” Chapter 3: WhatshouldbusinessesbeawareofwhenengaginginCorporateSocial Responsibility? The economist Milton Friedman (1970) argued that CorporateSocialResponsibility is a ... CorporateSocial Responsibility? There are several benefits ofengaginginCorporateSocialResponsibility and each of these is looked at in turn below Improved financial performance In a literature ... as the CorporateResponsibility Index and the Dow Jones Sustainability Index In recent times, a number ofcorporate frauds (e.g Enron, HIH) have demonstrated that a singular goal of profit maximization...
... organize seminars on CSR and sustainable development to increase the level of awareness about CSR ofbusinesses Evidence that, from 2005, Chamber of Commerce and Industry of Vietnam, Ministry of Labour, ... implementing socialresponsibilityin the context of globalization and international integration, a number of large enterprises in Vietnam has made socialresponsibilityin the form of commitment ... for social harm However, since then, the term social responsibilities of enterprises are being interpreted in different ways Some people define "social responsibility implies improving the behavior...
... and laws shouldbe strengthened to eliminate the wrong-doing things of the business entities Secondly, awareness of CSR in Viet Nam shouldbe enhanced through not only the media, business organization ... holiday in that period Because the objective of the research is inspecting the understanding of CSR importance of individual investors in Viet Nam; the researcher does not use professional software ... many investors at FPTS office especially in the weekday mornings as they go there for trading The number of investors could be hundreds everyday The sample is chosen randomly among investors going...
... there are several definitions ofsocialresponsibilityof business have been introduced, however this issue ofcorporatesocialresponsibility (CSR)’s definitions has bring many confusions for ... Outcomes ofcorporate behavior Social impacts Social programs Social policies 12 The last step is the outcomes ofcorporate behavior which is consisted of three types: the social impacts ofcorporate ... reducing the profits of investors Therefore, with the understanding of CSR concepts, theories, and perceptions of investors are important to them before they want to invest in the companies In...
... debated finding the definition ofsocialresponsibilityof doing business Two decades ago, Neli Chamberlain( 1953) defined socialresponsibilityin terms of action that the leadership in business ... narrow benefit and interest of individual persons or companies that is to combine of human and economic resources for social benefits Philip Klein (1978) explains the meaning ofsocialresponsibility ... management In the process of CSP model, Wood presents the outcomes of bringing principles into practice within the economic, legal, ethical, and discretionary domains, categorizing them in terms of social...
... reporting of CSR in a multinational company operating in Vietnam by asking respondents‟ understanding and opinion From conducting research, it can show the understanding and awareness of CSR ... that socialresponsibilityof companies has become one of the indispensable requirements for companies, because of the context in globalization and international integration, if the business ... the socialSocial accounting in the world is not new; it has been the subject of extensive debate The last major interest in the area was occurred in the 1970s For instance, according to Lindsey...
... concept in Viet Nam; because of limited understanding of directors’ on the CSR information used in business Therefore, international organizations have introduced CSR under the form of Code of Conduct ... Vietnamese individual investors in TL Securities Company’s office (TLS) In this study, the researcher aims at assessing the understanding of Vietnamese individual investors on the topics of CSR Further ... introduced clearly definition about Socialresponsibilityof business However, the CorporateSocialResponsibility definition was bring many confuse for both society and corporations In order, there...
... Vietnam Chamber of Commerce and Industry (VCCI) in Ho Chi Minh City, CSR shouldbe placed in the business strategy of each enterprise This has been a decisive and necessary part of the success of the ... business is also to be maintained ii) To ascertain the net effect of the business operations i.e., profit or loss of business: We know that the primary objective of business is to make profit ... heart of recording, classifying and summarising in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character and interpreting the...
... concern ofbusinesses According to Nguyen Hong Ha, deputy director of the Chamber of Commerce and Industry of Vietnam (VCCI) in HCM City, CSR must be placed on the business strategies of each business ... Consumers are increasingly engagingin ethical or socially responsible purchasing behavior They are described as “consumer responsibility because of significant impact on business behavior (Hansen ... differences in the perception of managers working in Banking, Food & Drink and Clothing & Textiles towards socialresponsibility Furthermore, the findings indicate managers in Food & Drink sector...
... is profit ) Speaking to this apparent logic of the problem is investment - profitability, "the property" long giant that is building up day Defining socialresponsibilityof business can be broken ... "Social Responsibilities of the Businessman" This was one of the pioneer books on socialresponsibility for businesses and highlighted a company's role beyond the financial benefits Today, social ... amounts of waste from clothing products to be reused will be discharged into the environment but Primark has announced 17% increase in annual profit Because of a significant drop in revenue and profit...
... are positively inclined toward CSR and environment duties because all of finding above These findings are generally along with the increasing awareness of CSR and its component in Vietnam, and ... http://ec.europa.eu/enterprise/policies/sustainable-business /corporate- socialresponsibility/index_en.htm http://www.junoconsulting.com.au/articles/Making_Sense _of_ Corporate_ Social_ Respons ibility_Part_II.pdf http://www.business.curtin.edu.au/files/GSB_Working_Paper_No._62_Corp _Social_ Resp ... environment information be disclosed Besides, there shouldbe a department which has the responsibilityof checking the reliability of the information Next, to improve the awareness of CSR and...
... Vietnamese biggest company in food and beverage industry From establishing in 1976, Vinamilk has successful in operating business, since 2008 to now, Vinamilk has started aligning CSR into company’s strategy ... thirty-seven (37) ways to define CSR in “How CorporateSocialResponsibility is Defined: an Analysis of 37 Definitions” of Alexander Dahlsrud, a PhD fellow in Department of Industrial Economics and ... short of CSR study not only in Ha Noi but also in Vietnam It is also expected to point out advantages of well performing CSR to company’s managers And because CSR shouldbe included in business...
... sustainability and development of the firm is enhanced, and in short term the profit may increase CSR in PVCL PVCL percepts the influence of CSR in its long-standing performance Before being allowed ... their view of a single dimension activity in which companies were in charge of supplying goods and services to society at a profit They emphasized on the cost ofsocial involvement of business and ... regardless of legality CSR is the deliberate inclusion of PI into corporate decision-making that is the core business of the company or firm, and the honoring of a triple bottom line: people,...
... Thing” ü A standard of excellence in every aspect of their businesses and in every corner of the world ü Ethical and responsible conduct in all of their operations ü Respect for the rights of ... can result in fewer jobs Ø Reduced demand can result in factories going out of business Supply Chain Relationships § A supply chain consists of the organizations involved in producing a product ... the actions of their supply chain partners in the area ofsocial compliance § A brand/retailer’s supply chain can consist of various types of manufacturing relationships Supply Chain Relationships...
... doanh nghiệp cần phải tăng cường sử dụng kênh thông tin nội để giúp nhân viên hiểu tự hào công ty có việc tối đa hóa lợi nhuận Nhưng thông tin tiếp thị không chưa đủ Doanh nghiệp cần làm cho nhân ... giúp phát huy tinh thần, ý thức tự hào CSR, thắt chặt thêm mối dây liên hệ nhân viên với với doanh nghiệp Tìm hiểu thực CSR theo nguyện vọng nhân viên Trách nhiệm xã hội đạo đức kinh doanh không ... nghiệp để làm “vũ khí” “cuộc chiến giành nguồn nhân lực” Kết nhiều nghiên cứu thực tế Bắc Mỹ chứng minh liên hệ mật thiết việc thực thi CSR khả thu giữ người tài doanh nghiệp Lý nêu người giỏi, có...
... the main business, it will always be the first thing to go when push comes to shove For instance, the CSR definition used by Business for SocialResponsibility is “Operating a business in a manner ... and processing of products of the business now has reached alarming levels; demonstrating corporatesocialresponsibility for environmental protection is very limited Lack ofsocial responsibility, ... watching rather than taking part 27 One of the most useful qualitative techniques is interviewing It is often a part of all of the preceding methods Contrary to what many people believe, interviewing...
... 46 LIST OF ABBREVIATIONS CSR CorporateSocialResponsibility CSP CorporateSocial Performance IAS International Accounting Standard IQR Inter-Quartile Range MOF Ministry of Finance NGO Non-governmental ... determine what might be appropriate business behavior under each of the three headings (O‟Riordan, 2006) Many definitions of stakeholder have been introduced, in brief, stakeholder can be understood ... and in their interaction with their stakeholders on a voluntary basis Being social responsible means not only fulfilling legal expectations, but also going beyond compliance and investing more into...
... represents a unique Kinh Bac region (Northern of Vietnam) The businessesin the village have been promoting their intellectual inheritance of the essence of his father left, forming the well-known ... medium industrial clusters, industrial clusters of craft villages, of which 18 industrial zones have been put into business action Until now the province of Bac Ninh has 62 villages, 53 villages including ... 5 GiaBinh 8 Lương Tai BacNinh 2 Total 62 54 Acquiculture 1 Figure 4.1 - The medium and small villages in BacNinh province in 2008 (Source: BacNinh Department of Trade in 2008) Businessesin the...
... working conditions of workers Benefits of adopting CSR for businesses are substantial First, the responsibilityof investors indicated correspond to the performance and social environment of a ... including: Why should enterprises implement social responsibility? Which are benefit of implementation ofsocialresponsibility How is the situation of implementing socialresponsibilityof Vietnamese ... shareholders Socially responsible investing (SRI) brings together all of the approaches which consist in integrating non-financial criteria (social, environmental and societal) in decisions involving...
... and praises the businesses implement CorporateSocialresponsibility and raise awareness about the role and benefits ofcorporatesocialresponsibility for sustainable enterprises In 2006, there ... development of a business is always accompanied by CorporateSocialResponsibility that business must address concerns The successful implementation ofsocialresponsibility particularly as businesses becomes ... of model Ford - Taylor incorporate governance and the development model of the welfare state (instead of the employer‟s charity) has obscured the issue ofsocialresponsibilityof business industry...