The Impact Of Corporate Social Responsibility On...

Part 2: The Impact of Corporate Social Responsibility on Organizational Stability (cite friedman http://www.lexology.com/library/detail.aspx?g=b22d13e7-1640-413b-9832-8a4d5454e8ab) We have talked about some benefits that Cadbury Schweppes brings to local suppliers in Ghana, and their responsibilities towards the environment and towards stakeholders in general. In this part, we are going to define the corporate social responsibility based on the course material we learned, talk about the impact it has on society, its limits, and some challenges that it faces. Corporate social responsibility is a concept that first care about different aspects of life rather than profit, those aspects could be protecting the environment, and addressing social issues such as poverty and hunger, all these aspects would be based on ethical standards. Corporate social responsibility is supported by the possibility that enterprises cannot be isolated and separated from broader society, and traditional ideas about profits and competitiveness should not be the only concern. There are different reasons why this concept should be adopted, and we are going to discuss some of them: †¢ Demands for transparency: stakeholders including customers, suppliers, employees, communities and activist organizations demand for more transparency and corporate disclosure. It is also true that transparency pays, according to Robert Eccles, author of â€Å"the value reporting valuation†, the market gives a higher value toShow MoreRelatedObjectives of an Accounting and Finance Manager1143 Words   |  5 Pagesaccounting and finance manager In a more and more competitive and dynamic market place and industry, economic agents have to continually devise and implement strategic courses of action that ensure their long term success and stability. 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