Table of Contents INTRODUCTION...........................................................................................................................4 Task 1...............................................................................................................................................4 Q1) evaluation of the suggestions made in the article on Hofstede’s cultural dimensions....4 Hofstede’s cultural dimension are based on different aspects that include -........................4 Q2) Justification on agree and disagree for the article-.........................................................5 Q3) Suggestions regarding the article-..................................................................................5 TASK 2............................................................................................................................................6 1. Literature Review...............................................................................................................6 2. Literature review on “Corporate Social Responsibility”....................................................8 CONCLUSION..............................................................................................................................11 REFERENCES..............................................................................................................................12
INTRODUCTION The below essay explores the importance of cultures within an organisational environmental. Important understandings are made in order to understand how variety of cultures impact the lifestyles of human being and what makes these cultures big and growth oriented from one another. The Hofstede’s set of cultural dimensions are explored in order to comprehend the variety of cultures in the organisational scenario. Cultures such as individualism/collectivism, uncertainty avoidance, power distance and masculinity and femininity are explored with set examples. The cultures impacts on the people and how they impact the decision making, choices of food, shelter, and necessary requirements to sustain a life has been explored in the report. The other dimensions in which these cultures thrive and in what scenarios these cultures are being adopted is also explored in the report. Along with it, the report explains the important of organisational environment and the necessity of cultures within these aspect. TASK 1 Q1) Evaluation of the suggestions made in the article on Hofstede’s cultural dimensions. Hofstede’s cultural dimension are based on different aspects that include - Individualism/ Collectivism-Individualism culture comprises of Self oriented and people having priorities of their own achievements rather than team work and group activity. This dimension of culture focusses on only one individual's growth and goals. The example possessed is of United States that believes in individualism culture and how it has reached its level of success. Further it is discussed about collective culture which involves progress and achievements of group elements as well. This dimension pay a way to focus on teamwork and working towards
collective goals of all individuals in a team. The example mentioned for collective culture is of Asian countries that follows collectivist culture. Power distance- The article mentions power distance as inequality of powers among superiors and subordinates. It is also mentioned that countries adopt power distance cultures have high level of hierarchy. Examples focusses on Arab countries that have scored higher in power distance dimension culture. Uncertainty Avoidance- It refers to the individuals that believe less in taking risks and avoid risk taking activities and these type of cultures contains more rules for employees to prevent them divert from standards. Examples been mentioned are of The Britain that tends to be more uncertainty avoidance and Canada which prefers to be less avoiding to risks as for more productivity and growth. The article points towards application of these different dimensions of cultures in real life and visualise which one suits the best for business and can lead to successful growth of an individual or firm. It is also mentioned the success of McDonald, Kfc etc. inspite of having different cultures in their organisation. The article clearly mentions the use of different cultures and its elements and how it creates an impact on business environment. Thus the analysis is being done by expressing the nature of various dimensions made by the Hofstede. Q2) Justification on agree and disagree for the article- As from the above article, I agree for the collectivism culture dimensions as it mentions the teamwork and group effort. As being living along with several countries or we can say working in an organization or any workplace or area, group efforts and teamwork is needed for the achievement of goals and objectives. Team work involves using ideas and techniques of different individuals and also focusses on one common goal being tried to achieve by a team. This culture is being applied everywhere in the world considering it as the best one with its prime focus on unity of the people. Also I would like to agree with the more risk taking culture as the business and trade are been successful after taking risk by the companies. Risk is involved everywhere which turn out to be negative sometimes but once it works out it posses huge returns and success which further leads to growth in individual or organisation.
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I disagree with individualism culture as mentioned above it is the growth and development of only one individuals and self- focused. One can only grow if the other supports or motivates it, no country can develop individually without being served by other nations and this is applicable to a single individual person too. So in order to achieve milestones in success one has to serve other and share different ideas, obtain knowledge and accordingly move towards the objectives. Q3) Suggestions regarding the article- My suggestion for organisation is that in order to develop their business in a particular market, they need to first study the culture of the people in that particular area and design products accordingly for making them sell at higher volume. This will not only increase sales volume for the company but also the brand name of company in the minds of people such that of Cadbury, Nestle and many big firms. Not only the firms but also the employees must be trained so in order to learn and understand different cultures of countries. This makes them skilled and flexible enough to present their ideas and suggestions for decision making. The article mentions that there should be differentiation between an organization's culture and individual's culture. But in the modern day working environment where Human Resource Management is considered as important aspect for the company and most of the organizations creates more flexibility in working conditions for the benefits of employees. I suggest that there should not be more difference between an individual's culture and organization's culture. Employees must be considered as apart of the organization and treated with flexibility by having their suggestions and be familiar with their working style which will in turn motivate them and make them more productive and efficient enough to attain organizational goals and objectives. These practices are being used by many big firms so that they achieve their targets in short time and also pose their corporate social responsibility towards employees and society. Al these will create equality among all the employees and make them think as they are a part of the organization. TASK 2 1. Literature Review. A Literature review is the summary and explanation of the complete understanding of a topicbeing found in books and journals. There are two different types of literature review in
practice: one that is written by the students as their part of assignment related to the research processes in their filed and the other comprises of writing an part of introduction of the topic and which involves critical evaluation of the current literature and justification of why the further study is required. Purpose of the Literature Review-The main purpose of the literature review is to get an accurate and complete accounting of the current state of knowledge of a particular topic and it helps the readers to find out whether the authors are well informed and the content is valid and original or not. The further purposes are as follows- Through the literature review the readers gets easy and accurate access on a particular topic and also help them to research on the topics by selecting high quality articles or making a a study that is relevant, important as well as valid and summarising them into one complete report. It pushes and give a perfect start for the researchers to conduct research in a new area and help them to summarize, evaluate and compare the original research to in that specific area. It avoids plagiarism for the researchers and copy the work that has already being done. It provides researchers, hints regarding the direction of research and also suggests the areas that needs to be targeted on. It displays the key findings and important components of the subject. Thedifferentcomplicationsintheliteraturesuchasinconsistencies,gapsand contraindicative matter is being identified through the Literature Review. Itgivesanideatostudyanddetermineconstructiveanalysisofthedifferent methodologies and approaches being used by the other researchers. Contents of Literature Review-A literature review must be structured like any other essay and it should contain an introduction, main body and conclusion in its format.Introduction-The introduction explains and establishes importance on the matter of concern of the subject. It discusses the summary and what kind of work has been done in the topic and identifies different controversies and the actual subject matter of the topic. It provides background and history and it concludes with the important components stated further in the review.
Main Body-It organises the literature to the common format or themes. It provide an deep understanding of the related topic being chosen and the general subject of the topic. It notes the major themes of the topics and the most important changes and findings on which the researchers agrees or disagrees.Conclusion-The conclusion summarizes and concludes all the evidence and shows its importance. If the review is an introduction of the own research, it will highlight the gaps and will indicate how the previous research relates to the current research and the chosen methodology. If the review is and assignment, conclusion will suggests its practical application and possibilities of future research. 2. Literature review on “Corporate Social Responsibility” According toBarnett (2019),Corporate Social Responsibility (CSR) helps to achieve towards social, economic and environmental benefits toward the society ,to the stakeholders and to the sustainable development. Company's effects on environmental and social well-being, CSR take initiative to access and responsibility. The quality of life of workforce, families, community and society at large is improved by them. CSR is a best method towards the society as it strengthens the association with every shareholders. They even get the opportunity to make their cooperative feelings among the stakeholders. It also helps them to generate the positive social impact. For e.g. CSR milestone has been achieved by Starbucks by reaching 99% ethically sourced coffeeand helps them to create a global network of farmersand reducing the environmental impacts of its cup. It also has the positive impact on the company as it also helps them to build the image and can run the business in a long way. Even for the larger companies CSR can be an obstacle, as some critics believe that CSR is incapable or become difficult to pay. As a company is having the fiduciary duty towards the shareholders as they have invested in our company or they are the owners of the company and CSR directly opposes them. A manager who abandon for the profit in favour society for some benefits may expect to loose his job and replaced by someone whose priority is profit. There are few reason why companies rely and adopt CSR strategies to get better public image, better media coverage, attain and retain investors,variedsourceofrevenue,boostsemployeeengagementandmorevolunteer participation. The customers are facing environmental damage and improper treatment of
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workers and production causing danger, that's why CSR are getting more and more important. There are some companies which uses CSR activities i.e. Starbucks, Disney, Nuskin, Microsoft, TOMS shoes which helps them to create reputation on international basis. According toCrane and et.al., (2019), there is and significant change in the business environment recently. In order to survive in this changing and dynamic business environment the organizations are being influenced to adapt different strategies and among them comes the adoption of Corporate Social responsibility into their business models.Dahlsrud (2008)argues that organizations defines CSR concept in different ways and hence there is no single definition of CSR. These definitions are closely related to each other and they relate CSR with how the organizations manage their business to create the positive impact on the society. Thus the CSR approach is universally defined as the activities of the organizations in order to perform in an ethical manner and contribute to the economic development as well as the quality of life to its employees and their families. It also include contributions towards the local community and society entirely. Thus the definition comes to the point which CSR is all about how the organizations relates to its internal and external environment in the course of performing its business activities and achieving its primary objectives.Crowther and Seifi (2018)argues that CSR has attracted the research interests lately due to its recent popularity. Particularly, there is a wide literature on CSR with its relation to sustainability, profitability and ethical issues. In relation with the profitability of business, many scholars have placed different views that vary each other on how the CSR affects profitability. For instanceGrayson and Hodges (2017), argues that CSR is the most important component that enhances the profitability in current dynamic business environment. Currently, the most companies have adopted CSR and have been on the way to increase their profits. According toUnit B (2015), CSR contributes to increasing profits in many different ways. For instance as adopting CSR, an organization earns respect and reputation the market place and accordingly is able to attract high sales revenue. Also, it becomes easy for the organizations to engage in CSR activities in order to earn the customer loyalty in the market.Wang and et.al., (2016)asserts that, through embracing the spirit of CSR, consumer tends to believe that that the company is concerned with their needs and is ready to modify its business motives to fulfil these needs. Consequently, consumers will always identify the company, consuming their products and services time to time and hence contribute towards the profits of the company.Tran (2019)states that Every company is running to earn the
profit so they have to include CSR in the strategy to make business run long term and attain more profit. It has been observed that the firms that are highly engaged in CSR activities especially on the issues affecting their workforce and employees have a better chance of attracting more qualified employees and personnel. AsSchmitz and Schrader (2015)argued that, qualified and skilled employees increase overall efficiency and productivity of the company resulting in the high profitability of the company. According toRamasastry (2015),CSR is the social activity through which corporate contribute to the society from the part of theirprofits earned during the year for the betterment of the society. Now the corporates are not liable only to the shareholders they have the responsibility towards the customers,employees, community,suppliers etc.Pai and et.al., (2015)argues that CSR is the commitment by the company to the society that they behave ethically towards the society and contribute the part of their profit for the development of economy. CSR is all about how company manages towards the society and make the impact positive.Osagie and et.al., (2016)states that CSR also helps companies to build their goodwill or image among the society at large. So now the corporates are more responsible towardsthe society and for the environment. Various scholars have put forward various arguments in explaining the relationship between sustainability and CSR. According toMcWilliams (2015), CSR plays a vital role in promoting sustainability. Through embracing roles and principles of CSR, a firm is very much concerned with the utilisation of its resources effectively without any wastages and reducing the negative impacts not only on the environment but also on the society as a whole.Lim and Greenwood (2017)states that the CSR towards the environment is to make best use of the resources available and find out alternative techniques such as recycling of the products so as to avoid the wastages. Not only up to resources, CSR also includes reduction of carbonfootprintbythecompaniessoastocontributeinbringingdownthevarious environmental issues and the nature. Thus from the above Literature its is observed that various approaches of different authors that are related to the firm's CSR are varied in few things but at last they are mostly relatable to each other and focussing one approach as the CSR component is the most important factor in the modern business scenario and also it argues with the traditional approaches of business of earning more and more profits is no the only objective but contributing towards its various environmental factors such as employees, customers, stakeholders, society, government and the environment is the most important responsibility for those organizations and fulfilment
of these responsibility will turn out good brand image of the company and help the company to achieve its primary objective of earning more and more profits. Thus it is concluded that the Corporate Social Responsibility approach is not only important for society but also it contributes its benefits to organizations and each and every component that relates to the business and society. CONCLUSION From the above study it is observed that study of the passage mentioned in the report which provides learnings of different cultures of society the organization deals with and and its importance. It gave a brief idea that why it is important to study the culture of people in order to achieve specific business objectives for the company. Further it was observed on the study of literature review and its importance, along with its purpose. The report clarified why and for whom the literature review is important and what are its benefits that impact on different people. Lastly the report concluded with the literature review on Corporate Social Responsibility and explained the different approaches of CSR in business by several authors. It also argued on various statements of the authors and their point of view. But after gathering all the resources and information it concluded with one final goal and purpose of CSR in business and its importance to the firms.
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REFERENCES Books and Journals Barnett, M.L., 2019. The business case for corporate social responsibility: A critique and an indirect path forward.Business & Society.58(1). pp.167-190. Crane and et.al., 2019.Corporate social responsibility: Readings and cases in a global context. Routledge. Crowther, D. and Seifi, S. eds., 2018.Redefining Corporate Social Responsibility. Emerald Group Publishing. Dahlsrud, A., 2008. How corporate social responsibility is defined: an analysis of 37 definitions.Corporate social responsibility and environmental management.15(1). pp.1-13. Grayson, D. and Hodges, A., 2017.Corporate social opportunity!: Seven steps to make corporate social responsibility work for your business. Routledge. Lim, J.S. and Greenwood, C.A., 2017. Communicating corporate social responsibility (CSR): Stakeholder responsiveness and engagement strategy to achieve CSR goals.Public Relations Review.43(4). pp.768-776. McWilliams, A., 2015. Corporate social responsibility.Wiley encyclopedia of management, pp.1-4.
Osagie and et.al., 2016. Individual competencies for corporate social responsibility: A literature and practice perspective.Journal of Business Ethics.135(2). pp.233-252. Pai, D.C and et.al., 2015. Corporate social responsibility and brand advocacy in business-to- business market: The mediated moderating effect of attribution.Journal of Business Ethics.126(4). pp.685-696. Ramasastry, A., 2015. Corporate social responsibility versus business and human rights: Bridging the gap between responsibility and accountability.Journal of Human Rights. 14(2). pp.237-259. Schmitz, J. and Schrader, J., 2015. Corporate social responsibility: A microeconomic review of the literature.Journal of Economic Surveys.29(1). pp.27-45. Tran, B., 2019. Corporate social responsibility. InAdvanced Methodologies and Technologies in Business Operations and Management(pp. 270-281). IGI Global. Unit, B., 2015. Corporate social responsibility. Wang and et.al., 2016. Corporate social responsibility: An overview and new research directions: Thematic issue on corporate social responsibility.