Term Paper

Page 1 of 19

Term Paper

By | Feb. 2013
Page 1 of 19
A TERM PAPER ON:
CORPORATE SOCIAL RESPONSIBILITIES AND THE ENTREPRENEUR:
BY:
1. ADETUKASI MORAYO 09AC08788
2. ANI EHIZELE 09AC08795
3. CAMPBELL NAOMI CAMPBELL 09AC08799
4. OJEI EKENE FRANCESS 09AC08818
5. OMIYALE OMOTOLANI 09AC08825

INDUSTRIAL RELATIONS AND HUMAN RESOURCE MANAGEMENNT.

400 LEVEL

Submitted to the course coordinator, EDS 411, COVENANT UNIVERSITY, OTA OGUN SATE

IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR EDS 411

1.0 Introduction

The European Commission (2011) defines the concept corporate social responsibility as a concept whereby companies integrate social and environmental concerns in their business operations in their interaction with their stakeholders on a voluntary basis. Hopkins (2005) argues that corporate social responsibility is concerned with treating the stakeholders of the firm ethically or in responsible manner. Stakeholders exist both within a firm and outside. The wider aim of social responsibility is to create higher and higher standards of living, while preserving the profitability of the corporation, for people both within and outside the corporation. In the South African context, the most accepted definition was provided in the King Report (2009) which defines corporate social responsibility as “a well managed company that is aware of and respond to social issues, placing a high priority on ethical standards. CSR is understood as the formation of responsible leadership behavior, which in addition to its central responsibility for making profit also pays attention to ecologically and socially responsible actions across all levels of value creation chain and makes a contribution in the spirit of solidarity to solving societal problems. In contrast to CSR, the idea of sustainable development is an abstract basic idea that does not...