Corporate Social Responsibility (CSR )

Paper Summary:

The paper relates that being a socially responsible corporation company costs money and effort, which is a luxury that very few firms can enjoy. The author points out that, as much as a company may want to become more socially responsible and have the resources to back up these initiatives, it also has to consider the socio-political issues that will likely be beyond their control. The paper states that, on the other hand, the price to society of not having socially responsible companies is much more daunting because companies do not stand separately from society. The author underscores that CSR is not just about doing something that is considered virtuous or righteous, it is about being a productive member of society. The paper concludes that being a socially responsible company should be an integral element of any company that wants to realize its total potential.

Table of Contents:
Introduction
The Question of Cost-Effectiveness
Burden of Costs
Justification of Costs
Added Benefits
Enhancing Reputation
Developing and Protecting Potentials
Industrial Development
Conclusion

From the Paper:

"For tourist oriented companies, the protection of the environment ensures that they have a product to offer. But the benefit does not only extend to these companies, many non-tourism based companies also benefit from the increased commerce and having access to an international market. The International Ecotourism Society in 2005 estimated the report on the tourism industry to contribute $3.6 trillion in economic activity and is growing at the rate of 20%-34% annually. As much as the protection of the environment benefits everyone, the reality is that, because of the economic benefits they can bring, CSR efforts for the issue is the primary motivation for most companies."

Sample of Sources Used:

• Baitu, J. Globalization for the Common Good and Social Justice in Sub-Saharan Africa 2006. 11 April 2007. <http://lass.calumet.purdue.edu/cca/jgcg/2006/sp06/jgcg-sp06-baitu.htm>
• Campbell, John L. Institutional Analysis and the Paradox of Corporate Social Responsibility. American Behavioral Scientist March (2006) 49: 925 - 938.
• Dale Hemminger: Dairy Farmer and Conservationist". 05 April 2007. 11 April 2007. <http://www.environmentaldefense.org/article.cfm?contentID=6157>
• Englander, Ernie and Kaufman, Allen. The End of Managerial Ideology: From Corporate Social Responsibility to Corporate Social Indifference. Enterprise Soc. September 2004 (5): 404 - 450.
• International Ecotourism Society. Ecotourism Fact Sheet. 2005. 11 April 2007. <http://www.ecotourism.org/webmodules/webarticlesnet/articlefiles/62-Ecotourism%20Fact%20Sheet.pdf>

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