CSR

CSR Implementation

Corporate Social Responsibility

Implied Contract

An implied contract could be described as an agreement that is most probably meant to be made among the people who are involved in the process; however, it may not exist explicit in written form. This type of contract would remain unspoken between the two parties. (Schwartz and Carroll 2003, pp. 503)

Implementation of CSR

Implementing a CSR programme involves a number of steps from the company. There are a number of things that can be used to evaluate the CSR implementation by a company. The first and the most important thing is the vision of the company, i.e. their vision has to show that the company is willing to play their part in the development of the society. The business has to include in their vision statement a commitment to their social responsibilities. Then a company has to make sure that it identifies all the major challenges that they are facing in relation to research and practice of corporate social responsibility (Albinger, 2000, 243).

The company has to integrate its plan for fulfilling the social responsibilities to the process of business management, and make sure that it is not just, as an activity linked (Albinger, 2000, 243).

There are a number of different types of contact, and one of the types of a contract is a social contract. A social contract is quite different from the other types of contracts because of its hypothetical nature. There has never been an instant in history in which the business and the members of a society had sat down on a table and developed a contract to determine the relationship between them, there always has been a hypothetical contract between the business and the society regarding the corporate social responsibility of the business. Like the Ben & Jerry's had taken an initiative to go for a social audit of their company, and allowed the auditors to publish a social audit report of their company. (Rowley and Berman 2000, pp. 397) The society never required them to publish any social audit report; but they had published their social audit report and informed the society about their business. However, this suppositional contract between the society and the business has provided us with a very good mean of understanding the relationship, which has steadily developed over the period. If the relationship, between the business and the society is summed up in the form of a contract, there are a number of questions that arise out of this, i.e. what things the society provides to the business and in return, what things does the business return to the society? Etc. (Porter and Kramer 2006, pp. 78) Dealing with the relationship between the society and the business like a contract in between two commonly accepting agents will get some facts in the wrong sense. However, it renders a very helpful heuristic device, i.e., a model, which could assist us in summarizing, determining the structure, and making sense of the relationship between the society and the ...