Statement on Corporate Social Responsibility Essay Example for Free

Statement on Corporate Social Responsibility actWhat is CSR?Corporate social responsibility is a diverse term utilized by current worry activists in ramble to define the relation of employers with other colleagues, with society and with the core activities of the organization that potentiometer endow people and society in one way or other. Fundamentally, Corporate Social Responsibility has been illustrated as a commitment which organizations do with society in order to develop the region frugalally in which it used to do its core descent activities. (Idowu, Filho, 2009) Today, no business can touch the apex of victory until it develops proper CSR and respectable strategy. Hence, ethics and CSR has closed relation since both of these components involve human resource and their lieu towards society and other factors.CSR and EthicsEthics is regarded particular way of behavior of an individual towards society or some other individuals. Similarly, Business ethics indicate the attitude of an organization towards business and social matters. It is oddly concerned with the issues related to ethical and moral value of that particular organization. (Chryssides, Kaler, 1993) Hence, it can be stated that business ethics is something related to the situation, decision and activities which the organization management take while keeping the ethical values under consideration, contemplating these aspects from the perspective of right and wrong.Ethics and CSR have smashed interrelationship with each other since without complying with ethical codes, no organization or individual can come up with the standards of bodied social responsibility. Hence, today, for the winner of an organization, it is mandatory to develop effective CSR constitution and for that purpose, it needs to develop an bona fide ethical indemnity as well.Keeping all these factors under consideration, the elements of CSR and ethics can be categorized in two distinguishable parts.Personal e thicsFrom business perspective, Personal ethics is related to the ethics of individuals working within an organization. For conducting corporate social responsibility, an individual has to comply with different aspects related to personal ethics. For instance, there must be strong adherence of values, contribution towards environmental sustainability, effective corporate principles to follow and experience in dealing with nodes, suppliers and other components of the society as well.Organizational ethicsOrganizational ethics is related to the values and principles which have been founded on the basis of right and wrong. Like individual, who has responsibility towards organization, colleague and society, organization also has responsibilities towards employers, society, customers and stakeholders. For this purpose, the organization has to develop authentic values, standards, code of ethics and guidance.No business can gain successful position without employing effective CSR insuranc e policy and keeping this thing under consideration, all big, Small and medium organizations have employed CSR policies in order to make their business processes effective.HSBC Saudi-Arabian ArabiaA well known organization of Saudi Arabia working with the motto putting your needs first, HSBC has been considered as one of the best examples in this regard. (http//www.hsbcsaudi.com/home/home_en.shtml) The example can be taken from the HSBC report (2004) in which four different trends have been promulgated including maintenance of environment, sustainable development, satisfaction of the employer and setting up new goals, visions and agendas. Similarly, three different CSR themes had been discussed including standardized ethical implication surety, poverty decrement and creating fair social scenarios. Hence, it can be considered the best example for illustrating significance of employing CSR policy in todays business horizon.CSR And Marriott Hotel in developed and underdeveloped count ryMarriot has been regarded number one hotel in UK in 2012 and the reason behind this award is the CSR policy which this organization has employed in order to stomach this position and come up with social requirement in develop countries like England. Hence, it has been reported in 2011 environmental report that Marriott has been assuming FTSE policies of human rights, labor standards and anti-corruption in order to make its global economic CSR policy more effective and compatible for international markets as well. (http//www.marriott.com/corporate-social responsibility/corporate-responsibility-awards.mi)However, if the analysis of Marriot hotel Pakistan is done, it would appear that the CSR policy adopted by regional management of this country is not as much effective as the other one is. This might be due to the difference in regional culture and customer demands as well. However, this branch can also maximize the profit if it will employ effective CSR policy basing it on ethical values.ReferencesAccomplishments. Corporate Social Responsibility Awards for Marriott Hotels. N.p., n.d. Web. 15 Nov. 2012. .Chryssides, G. D. Kaler J.H. (1993). An Introduction to Business Ethics. London Chapman Hall.HSBC, . ., 2011. HSBC Saudi Arabia Limited. Online Available at http//www.hsbcsaudi.com/home/home_en.shtml Accessed 18 November, 2011.Idowu, Samuel O., and Filho Walter. Leal. Professionals Perspectives ofCorporate Social Responsibility. Heidelberg Springer, 2009.HSBC . 2004. Corporate Social Responsibility. Saudi Arabia. 21 22 June 2004, HSBC Qatar.