Expert answer:Ben Franklin Career Center Corporate Social Respon

  

Solved by verified expert:Research Topic: Corporate Social ResponsibilityGuidelines for Semester paperThe signature assignment for this course will require research, academic writing, critical thinking, and analysis on a current issue facing the areas of managerial ethics and social responsibility. Through this assignment, you will demonstrate your ability to conduct academic research. The signature assignment requires a minimum 20-page (not including cover page, abstract, table of contents, and references), double-spaced, APA formatted academic research paper. Please note that this course requires you to focus your research based on existing research literature from peer-reviewed articles. The academic research paper will include the basic components of an non-empirical research paper which requires the following:An introductionIdentification of the contemporary ethical management or social responsibility problem to be addressed;A purpose statement;Significance of the issue under study;A literature review; andA conclusion (recommendations and managerial implications)
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1
CORPORATE SOCIAL RESPONSIBILITY
Corporate Social Responsibility
From
Rohit Patel
To
Prof. Ronald Spicer
University of Cumberlands
2
CORPORATE SOCIAL RESPONSIBILITY
Semester paper
Porter and Kramer define corporate social responsibility as a self-regulating business
model, which allows the business to be socially accountable to its self, to its stakeholders and to
the public (Porter, Kramer 2006). It is crucial for businesses to understand the concept of
corporate social responsibility since it highly affects the its operations, its reputation and its
profitability. There are different types of corporate social responsibilities and every business
selects the one that aligns with its goals, mission and its vision (Unit, 2015). CSR simply means
giving back to the community and involving the local community in the organization’s plans
hence giving then the feeling of being part of the organization. by focusing on the community,
the community focusses on the positivity of the organization which greatly impacts its
profitability (Grayson, Hodges, 2017).
Ioannou, and Serafeim state that corporate social responsibility is an investment for any
business (Ioannou, and Serafeim, 2015). This means that when an organization invest on
corporate social responsibilities, the return on investment will not only be in monetary value but
also in non-monetary value. They recommend that strategic management should incorporate this
concept since its benefits are immense. Establishing the needs of the community and formulating
corporate social responsibility strategies that meet these needs is essential (Lins, et al 2017).
This paper will focus on the role of corporate social responsibility strategies in enhancing
profitability in business organizations today.
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CORPORATE SOCIAL RESPONSIBILITY
References
Grayson, D., & Hodges, A. (2017). Corporate social opportunity!: Seven steps to make
corporate social responsibility work for your business. Routledge.
Ioannou, I., & Serafeim, G. (2015). The impact of corporate social responsibility on investment
recommendations: Analysts’ perceptions and shifting institutional logics. Strategic
Management Journal, 36(7), 1053-1081.
Lins, K. V., Servaes, H., & Tamayo, A. (2017). Social capital, trust, and firm performance: The
value of corporate social responsibility during the financial crisis. The Journal of
Finance, 72(4), 1785-1824.
Porter, M. E., & Kramer, M. R. (2006). The link between competitive advantage and corporate
social responsibility. Harvard business review, 84(12), 78-92.
Unit, B. (2015). Corporate social responsibility.

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