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Introduction to Management Assignment

   

Added on  2020-05-04

5 Pages1491 Words57 Views
Running head: Introduction to management Introduction to management

Introduction to management The paper talks about the corporate social responsibility and sustainability. It explains therole of stakeholders, shareholders and ethics to maintain sustainability and CSR in theorganization. Further, it tells that how stakeholders and shareholders contribute to environmentalsustainability. Social responsibility is an idea that business must balance profit making activitieswith the activities that provides benefits to the society. It includes developing businesses with apositive relationship to the society in which they manage and operate the business. Further,social responsibility is an ethical framework and it suggests that an individual or organization isresponsible to act for the benefits of the society. It is the duty of every individual andorganization to perform the task and duties for maintaining a balance between ecosystems andeconomy. CSR and sustainability play a vital role in social responsible business. Manycompanies are giving contribution in CSR and sustainability (Govindan, Khodaverdi & Jafarian,2013).For example, BHP Billiton is one of the biggest mining and oil companies across theworld. The company is improving their capacity and capabilities to manage and control resourcesequitability and sustainability. The organization is involved in CSR. Further, Google is anothergood example which maintains sustainability in the environment and organization as well. Itutilizes resources efficiently and effectively. Through CSR, the company maintains a goodrelationship with communities. Through CSR, the companies are able to maintain business ethicsand code of conducts within the organization. It also helps to improve the society as well asworking environment of the company (Hesselbarth & Schaltegger, 2014). CSR is important andsignificant for the companies, employees and non-profit organization. It helps to deliver publicvalue outcomes and results by focusing on the outcomes and results. CSR encourages andincreases the personal and professional development. BHP Billiton is able to reduce the negativeimpact of oil and mining by maintaining CSR and sustainability within the organization. Thecompanies are managing risks and key challenges of the environment by maintainingsustainability and CSR in the organization across the world. It also provides various benefits tothe stakeholders and shareholders of the company. Stakeholders are the person who takes interestin an organization and they can affect and be affected by the firm actions, policies, andobjectives. The key stakeholders include creditors, government, employees, unions, community,and directors (Loorbach & Wijsman, 2013). 2

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