Corporate Social Responsibility seems to be the key word for this semester. It seems as though all we talk about is Corporate Social Responsbility to the point where I do not want to hear the word again. But for the purposes of this blog, I must talk about it...AGAIN!
Philip Kotler and Nancy Lee, authors of Corporate Social Responsibility: Doing the Most Good for Your Company and Your Cause, define Corporate Social Responsibility as “a commitment to improve community well-being through discretionary business practices and contributions of corporate resources.”[1] This definition implies that companies will make a continuous effort to improve community conditions and make socially responsible activities one of their priorities by contributing to society in whatever capacity it seems fit. In both our PR issues class and Corporate Communications class, we have learned that there is a triple bottom line in Corporate Social Responsibility: the intiatives set forth by CSR will most likely include social, environmental, and economic impacts. However, various companies have created their own definitions and practices of CSR, which coincides with their business objectives.
Mr. Adam Garfunkel, a representative from Adiddas, spoke to our class today about the importance and functions of CSR. He highlighted the fact that CSR should be a continued commitment to creating wealth and improving the quality of life for the community in which the company operates; this community includes employees, shareholders, the local community, and possibly even the international community.
One of the most popular facets of CSR currently is the environental intiatives. Globalization and the state of the planet has caused many corporations to start initiatives which they believe will help save the planet. One example is the case of Marks & Spencers. The company has launched its "Plan A" intiative, which they believe is a way for them to behave responsible. The plan involves promoting health, recycling, and ethical and fair trade. Mr. Garfunkel explained to the class that M&S has been effective in getting their message across to the public because its advertising incorporates its ideals of ethics and responsibility. Their advertising for fair trade cottong shirts uses the same models and scenerios and the rest of their other ads. This shows the public that being responsible is not and "off-shoot" from their company objectives; it's one of their core values.
[1] Philip Kotler and Nancy Lee. Corporate Social Responsibility: Doing the Most Good for Your Company and Your Cause. (John Wiley & Sons, Inc, Canada: 2005) p. 3.
Philip Kotler and Nancy Lee, authors of Corporate Social Responsibility: Doing the Most Good for Your Company and Your Cause, define Corporate Social Responsibility as “a commitment to improve community well-being through discretionary business practices and contributions of corporate resources.”[1] This definition implies that companies will make a continuous effort to improve community conditions and make socially responsible activities one of their priorities by contributing to society in whatever capacity it seems fit. In both our PR issues class and Corporate Communications class, we have learned that there is a triple bottom line in Corporate Social Responsibility: the intiatives set forth by CSR will most likely include social, environmental, and economic impacts. However, various companies have created their own definitions and practices of CSR, which coincides with their business objectives.
Mr. Adam Garfunkel, a representative from Adiddas, spoke to our class today about the importance and functions of CSR. He highlighted the fact that CSR should be a continued commitment to creating wealth and improving the quality of life for the community in which the company operates; this community includes employees, shareholders, the local community, and possibly even the international community.
One of the most popular facets of CSR currently is the environental intiatives. Globalization and the state of the planet has caused many corporations to start initiatives which they believe will help save the planet. One example is the case of Marks & Spencers. The company has launched its "Plan A" intiative, which they believe is a way for them to behave responsible. The plan involves promoting health, recycling, and ethical and fair trade. Mr. Garfunkel explained to the class that M&S has been effective in getting their message across to the public because its advertising incorporates its ideals of ethics and responsibility. Their advertising for fair trade cottong shirts uses the same models and scenerios and the rest of their other ads. This shows the public that being responsible is not and "off-shoot" from their company objectives; it's one of their core values.
[1] Philip Kotler and Nancy Lee. Corporate Social Responsibility: Doing the Most Good for Your Company and Your Cause. (John Wiley & Sons, Inc, Canada: 2005) p. 3.
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