Corporate Social Responsibility Essay
Corporate social responsibility is a concept that has been around for decades. It emerged as an issue when law makers, stakeholders, and the general public began focusing on ethical and responsible corporate behavior, also referred to as “corporate citizenship” (Carroll, A. , 1998). According to Carroll (1998), there are four facets of corporate citizenship.
These facets are: 1) corporate fulfilling their economic responsibilities and be profitable, 2) corporate obeying the law, 3) corporate being ethically responsible, and 4) corporate making charitable contributions, however, defining socially responsible corporate behavior Is not a straightforward exercise” (Campbell, J. L. , 2007, p. 950). According to Campbell (20071 socially responsible behavior may vary depending on one’s point of view. Therefore, care must be taken In how the concept Is used and defined.
In Dalton, Campbell (2007) discusses the behavioral threshold below which describes how some corporations no longer behave in socially responsible ways, as well as focusing on conditions of why firms are more likely to behave in socially responsible ways. Campbell explores relationships between the economic health of the company and the likelihood of its Ewing socially responsible. Based on the information described above, we will analyze the corporate citizenship policy of our selected corporation, Cataracts.
Cataracts was founded in 1971 in Cattle’s historic Pike Place Market. It started as a narrow storefront offering some of the world’s finest fresh-roasted whole bean coffees. The whole concept of good coffee and a place for conversation and community inspired Howard Schultz to purchase Cataracts in 1987. Since then, Cataracts has grown exponentially. Based on SEC Quarterly filings, Cataracts netted $10. 4 million in earnings in its May 1996 IQ filing and just eight years later, $540. 7 million in its January 2014 IQ filing.
We will analyze its corporate social responsibilities as defined by Campbell (2007), to determine the relationship between its healthy financial condition and its social responsible behavior. In addition, we will make recommendations on what actions Cataracts needs to take or continue to take with regard to their corporate social responsibility. It is one thing for a company to state Its social responsibilities for Its public Image, and another to actually carry them through. Before we delve into the analysis of
Cataracts’ corporate social responsibilities, we determined whether Cataracts actually has a defined corporate social responsibility policy. According to Cataracts’ website, It projects to the public Its commitment to be good neighbors In the community, offer high-quality, ethically purchased and responsibly produced products, be environmentally responsible, and continue with Its goals to learn more In the area of corporate social responsibility (Cataracts, 2014). Corporate Social Responsibility By dolphin’s “defining socially responsible corporate behavior is not a straightforward exercise” (Campbell, J. L. , 2007, p. 0). According to Campbell (2007), socially must be taken in how the concept is used and defined. In addition, Campbell (2007) IQ filing and Just eight years later, $540. 7 million in its January 2014 IQ filing. We It is one thing for a company to state its social responsibilities for its public image, actually has a defined corporate social responsibility policy. According to Cataracts’ website, it projects to the public its commitment to be good neighbors in the products, be environmentally responsible, and continue with its goals to learn more in the area of corporate social responsibility (Cataracts, 2014).