This paper focuses on the corporate social responsibility of different social media platforms and discusses key issues of corporate sustainability and responsibility.
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Running head:CORPORATE RESPONSIBILITY AND SUSTAINABILITY Corporate responsibility and sustainability Name of the Student Name of the University Author Note:
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2CORPORATE RESPONSIBILITY AND SUSTAINABILITY Table of Contents 1 Introduction...................................................................................................................................3 2 Key challenges relating to corporate responsibility and sustainability........................................5 3 Analysis of the best practice of the chosen sector........................................................................9 4 Recommendations.......................................................................................................................11 5 Reference....................................................................................................................................13
3CORPORATE RESPONSIBILITY AND SUSTAINABILITY 1 Introduction The foremost determination of the paper is to focus on the corporate social responsibility of the different categories of social media platforms which are increasingly been used in the present time. This paper will be highlighting the social responsibilities of the social media platforms and the users of the social media platforms along with that it will also discuss the key issues of corporate sustainability and responsibility. The best practice of social media will be discussed in details in the paper along with the different categories of ethical issues associated with it (Jebleet al.2018). This paper will also have a recommendation unit stating the changes required in a specific way considering the fact that social media are used all over the world. Corporate Social Responsibility (CSR): It is defined as the global self-regulation business responsibility of all the business and corporate organizations. Different categories of international laws and environmental regulations are associated with this category of changes. This public firm policy helps corporate agencies to enhance their existing market reputation and increase their brand recognition. According to renowned economist Adam Smith, there arefour factors of production such as the land which is a category of natural resource, labour which is a human effort provided to the production rooms, the capital stock which includes the technologies used in the production rooms and the enterprise which are created for the business ventures can be of many sizes such a small, medium and large (Helbinget al.2019). The collective effort to and from all these factors of production are very much required for the economic profit of the business organizations. According to Howard R Bowen, thesocial responsibilities of the businessmanare very much important for maintaining the CSR. He stated the importance of maintaining ethical
4CORPORATE RESPONSIBILITY AND SUSTAINABILITY behaviour for all the stakeholders of the business. The fundamental moralities of workplaces are highly focused by Howard along with the managerial decision-making techniques. Thenormative stakeholder’stheory proposed by Friedman in the year 2006 states about the different techniques by which the managers and the stakeholders of the organization should work so that the mission and the vision of the organization is reached. The importance of maintaining ethical principles were stated in the paper. Edward Freeman also highlighted the values and moral associated with managing a business organization. The normative stakeholder commitment model can be used for maintaining social responsibilities as well. Socialmediasector:Theextensivedevelopmentinthefieldofcommunication technology has led to the growth of different social media platforms which can be used for both personalaswellasprofessionalpurpose,thispaperwillbehighlightingthecorporate sustainability and responsibility of the social media platforms. There are different categories of social media such as the microblogging platforms, media sharing, social news, bookmarking sites and social networks. CSRRelationshipwithsocialmedia:Thedifferentcategoriesofsocialmedia platforms are increasingly been used in the corporate organization so that it achieves corporate social responsibilities. Engagement of the stakeholders in the internal business decisions are now possible with the help of the social media platforms. The communication issues with the distant stakeholders of the business are possible with the help of the asocial media platforms such as Facebook and Twitter. New business opportunities can be created with the help of social media platforms as well.
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5CORPORATE RESPONSIBILITY AND SUSTAINABILITY CSR issues in social media: The application of social media in maintaining the corporate social responsibilities have both advantageous as well as disadvantages. The most significant CSR issue of the social media in the recent time is when the failure of maintaining CSR in The Volkswagen was circulated all over the world, it had a direct negative impact on the brand reputation of this organization. Positive examples of CSR:Better pay scale of the labours and fair-trade policy applicable for all the stakeholders of the business, charity for the needy peoples of the local community,effectiveenvironmentalpolicies,economicresponsibilities,ethicalbusiness practices and the direct philanthropic giving are the most popular contributions of CSR in the last few years. Division of good practices:The different business unit of the workplaces such as the finance department, HT department and the other departments can categorically get the best practice of social media considering their needs and requirements. Community knowledge and the transparency of options are the two most essential aspects of social media for the above- discussed departments. 2 Key challenges relating to corporate responsibility and sustainability There are different categories of challenges associated with the corporate responsibility and sustainability of the social media industry. The key challenges of the of the corporate responsibility is the awareness issue between the stakeholders of the business who do not know about the professional application of the social media platforms to maintain the corporate responsibilities such as the reduction of the carbon foot prints to mitigate the adverse climatic changes and the improvement of the labor policies so that the labor is more motivated in their
6CORPORATE RESPONSIBILITY AND SUSTAINABILITY workinghours(Zhalechian,Tavakkoli-MoghaddamandRahimi2017).Thereishuge communication gap between the distant stakeholders of the business which is the main reason the application of the social media platforms and ant sort of connectivity issue between the distant communication devices are the other essential challenges associated with the social media industry. Issue and trust factors are the other significant issue between the stakeholders of the business as the use of social media is not every time sufficient enough for the stakeholders. Lack of consensus for the governing bodies of the business organizations regarding the addressing the issue that ware raised during the CSR activities is a very important challenge as collaborative approaches require huge investments which is again a concern for the management team(Hoeyet al.2018). The adverse environmental conditions can have a direct negative impact on the communication between the stakeholders of the organization as any kinds important business decisions may needed to be taken in terms of the corporate social responsibilities such as the progress of the economic responsibilities which are practiced in the business and the legal responsibilities such as the environmental was associated with the organization. The adverse environmental conditions such as extreme snowy conditions can be reason for the poor network coverage and the application of the social media platforms is not at all possible under those circumstances. Construction of the communication strategy or the sustainability plan with the help of the social media platforms may have challenges such the decision-making capabilities of the stakeholders, as some of the stakeholders might not have the experience of having quick decision-making abilities in the online applications such as WhatsApp (Seele 2017). The other category of challenges sharing the business plan is the privacy and security issues of the social
7CORPORATE RESPONSIBILITY AND SUSTAINABILITY media platforms as any involvement of outsiders can have a direct impact on the growth and productivity of the business organization. Non-availability of the non-governmental organizations is the other challenge associated with the corporate responsibilities. The CSR vision of the corporate business organizations needs sustainable leaders and they may not be entirely comfortable using the social media platforms. To meet the CSR vision, it is very important to get the recommendation from the consumers regarding their opinions and the role of the social media platforms are very much important for the role of this aspect. Business issues and disagreement between the stakeholders of the business can be serious concern in the workplaces along with that the utilization of the workplace resources for the sustainable development of the organization is the other challenges which are faced by the management team of the business organizations (Semanjskiet al.2016). Distribution and the engagement of the sustainable information of the organization to the other sources are the other key challenges associated with the corporate responsibilities. There are data privacy issues in the socialmediaplatformswhichareincreasinglybeendueformeetingthecorporate responsibilities, such as the cyber security issues. The lack of participation of the communities or any kinds of disagreements are the other challenges of corporate sustainability, for this reason local capacities are needed to be built for those communities. The application of the social media engagement tools is the very much importantregardingtheimplementationoftheCSRpracticesbutithaveconsiderable disadvantage associated with it such as their compatibility issues with the devices of the stakeholders of the business (Stock and Seliger 2016). International standards of business
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8CORPORATE RESPONSIBILITY AND SUSTAINABILITY practices are needed to be maintained by the social media tools for the elimination of the issues regarding the corporate responsibilities and sustainable development. The relationship between the different stakeholders of this organization are the other concern regarding the corporate social responsibilities (Vivitsou, Tirri and Kynäslahti 2016). The implementation of the different categories CSR practices using the social media platforms requires choosing the right model of CSR among different categories of models which is a significant business challenge (Seele 2016). Choosing the appropriate CSR strategy is the other issue associated with the corporate sustainabilities. Management of the customers, suppliers, environment, local communities and employees are the main challenge reading the maintenance of the corporate sustainability and responsibility. The leaking of the environmental concerns of the workplaces are the other issues associated with the use of the social media platforms as any kinds of internal data leakage may have a direct negative impact on the corporate goals of the organization. The quality of life of the workforcesneedstobeeffectivelymaintainedwiththehelpofthecorporatesocial responsibilities and the main issue with this aspect is the changing lifestyle of the workforces (Massaroet al.2018). Local communities and associated societies of the business organization should be suing the same social media platforms so that their quality of life is enhanced. The integration of the different types of stakeholders regarding any corporate discussion of the changes required in the CSR of a business organization is the other challenge associated withtheuseofsocialmediaplatforms(ÖzdemirandHekim2018).Infewcorporate responsibilities,theroleofthegovernmentofficialsisveryimportantandthepractical application of social media is not at all suitable for the governmental officials die to the old and conventional practices (Manetti and Bellucci 2016). The underestimation and the overestimation
9CORPORATE RESPONSIBILITY AND SUSTAINABILITY of the resources are the other key challenge associated with corporate sustainability and responsibility. The higher expectation of the local communities and the environmentalist are the other concerns of the corporate social responsibility of the business organizations as they need to ensure business profit for the management team of the organization also (Linkovet al. 2018). There is increasing risk in the supply chain management of the business organization regarding their pledge to ensure all the corporate social responsibilities. Risk management of sustainable practices is the other challenge for corporate organizations (Leonhard and von Kospoth 2017). The moral and ethical behaviors of the stakeholders who are involvement in meeting the corporate goals are the other challenges associated with the business organizations. 3 Analysis of the best practice of the chosen sector There are different categories of social and ethical issue associated with the social media industry and these issues is a serious concern for the administrators of the social media platforms. Identification of the ethical considerations is itself a challenge for the management team of the social media platforms (Kara, Yurtsever and Fırat 2016). Ethical considerations include posting confidential business information on the social media platforms and misguiding the consumers with invalid or wrong information about any products or services. Breaching the confidentiality of the business meetings is the other sort of moral issue associated in this social media industry, thus the best practice of the social media industry is very much important for the growth and progress of this industry (Kuribayashi, Hayashi and Akaike 2018). The best practices of the social media industry are as followings:
10CORPORATE RESPONSIBILITY AND SUSTAINABILITY oResponding promptly to all the users of the social media platforms is very much of a best practice as it helps to save time for them. oEngaging the different managers of business organizations with the non-governmental organizations, charity organization and the environmentalists are among the other best practices of this industry. oSharing of essential business details in the form of conversion Ads, creatives templates, collages to the consumers for increasing the brand reputation and profitability of the business is the other significant best practice of this industry. oThesocialmediaplatformsactasacommunicationforumbetweentheinternal stakeholders of the business with the internal stakeholders of the business which can be also considered as the best practice as the quality of products and service offered by this organization can be significantly improved with the help of this communication channels. oThe business process of the global manufacturing corporations is optimized with the application of the social media platforms such as Instagram which can be the other best practice of this industry as it helps them to enhance their existing business procedures. oMeasurement of the success and the failure of the organization with the help of the social media platforms are the other best practice of the social media industry. oMonitoring of the daily activities of the different categories of internal and external stakeholders are also among the best practices of the social industry. oEstablishment of a dedicated team within the business organization to deal with internal issues of the business organizations are the other best practice of this industry.
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11CORPORATE RESPONSIBILITY AND SUSTAINABILITY oCreation and coordination of the business campaigns regarding the business process, corporate social responsibilities using social media platforms are the other best practice of the social media industry. oThe performance evaluation of the different stakeholder associated with the business can be done with the help of social media platforms. oAttracting new clients and increasing the business area of this organization are the prime application of social media in different types of organizations. Considering all the above best practices for this industry it can be said that there are different types of ethical and social issue associated with the social media industry such as the privacy of the data which are being transported from one device to another containing the confidential information (Grigore, Molesworth and Watkins 2017). The rise of the social engineering attacks, attacks coming from the ethical hackers and the attack coming from severe cyber security challenges such as ransomware are the privacy concerns of this industry (Govindan, Paam and Abtahi 2016). Selective and controlled access to the information or data has have lots of ethical considerations. Business integrity risk is the other category of risk associated with this industry as any kinds of misuse of power and use of the social media platforms in an irresponsible way can have a significant impact on the business sales and business reputation. Any negative comments to the consumers of the industries can be enough for the downfall of the organization (Ghadimiet al. 2016). Spamming over the promotional messages which are forwarded to the clients of the organizations is also considered as one of the biggest ethical concerns. Social media are also used in the recruitment practices in business organizations and any ineffective means of recruiting a resource have a very bad impact on the overall success of the
12CORPORATE RESPONSIBILITY AND SUSTAINABILITY organization (Frederick 2018). Dishonesty and distortion are the other ethical concerns of the use of social media as any kinds of offensive comments mat jeopardize the reputation of the organization. Misuse of free expertise and the contexts are the other moral issue associated in this social media industry. 4 Recommendations This unit of the paper will be discussing the recommendations which can be given to the different business which are using the social media platforms so that they are more responsible considering the global standards (Dubéet al.2018). Validation of the data which are being transported from one system to another is the of the most important recommendation for the different types of business processes which uses these social media platforms for communication purposes. Knowing the users and their profiles are very much recommended as there are lots of cyber crimes involved where fake user accounts are used (Djuric and Filipovic 2015). Encryption techniques should be applied while sending any essential data with the help of a social media platform. The security of the devices in terms of the virus and worms where the social media platforms are installed is also very highly recommendable. Engagement of the consumers of the business organizations in the right platforms is important.Apart from the business to business (B2B) consumers, the social media platforms can be also used in the business to consumer operations (Camarinha-Matos, Fornasiero and Afsarmanesh 2017). Understand the value of social media is one of the main recommendations which can be given to all the users of the different categories of social media platforms such as Twitter and Facebook. There are security concerns in the social media platforms which is the main reason behind the need of maintaining secondary recovery email address which is highly recommended regarding the business use of the social media (Barileet al.2016). The tools which are used in the social media platforms must
13CORPORATE RESPONSIBILITY AND SUSTAINABILITY be compatible with the process and the platform. Accuracy and honesty from the users of the social media devices are also highly recommended to maintain international standards in the business process.
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17CORPORATE RESPONSIBILITY AND SUSTAINABILITY Zhalechian, M., Tavakkoli-Moghaddam, R. and Rahimi, Y., 2017. A self-adaptive evolutionary algorithm for a fuzzy multi-objective hub location problem: An integration of responsiveness and social responsibility.Engineering Applications of Artificial Intelligence,62, pp.1-16.