Applying the part model of csr according to caroll

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Reference no: EM131986972 , Length:

Module - Contemporary Management Issues

This assignment will assess learning outcomes:

1. Demonstrate a systematic understanding of modern developments within business management (Knowledge & Understanding);

2. Justify the recommendation of alternative approaches to management (Knowledge & Understanding);

3. Demonstrate knowledge and application of international standards relating to sustainability, values & norms, and business ethics within a global context. (Application).

The Task

Choose a business company in the Sultanate of Oman and evaluate how the company manage and apply their Corporate Sustainability and Corporate Social Responsibility to answer the following tasks with reference to the marking scheme as your guide in your report/assignment.

1. Discuss comprehensively the Elkington's (1999) Triple Bottomline of Sustainability. Critically evaluate the sustainability of the chosen company in terms of economic, social and environmental perspectives in relation to its stakeholders like shareholders, employees, customers, suppliers, government and the general public. Give relevant examples to substantiate the discussion.

2. Explain the concept of Corporate Social Responsibility according to CaroII (1991). Critically assess the Corporate Social Responsibility of the chosen company applying the four part model of CSR according to Caroll.

The four part model of CSR are as follow:

2.1 Philanthropic responsibilities

2.2 Ethical responsibilities

2.3 Legal responsibilities

2.4 Economic responsibilities

You are required to give examples or scenarios which are being used by the company to support the discussion.

Required Choose any A Business Company in the Sultanate of Oman number of words 2500 words.

References - Harvard Referencing System

Verified Expert

The present study is based on Oman Oil Company Exploration & Production LLC (OOCEP), which is an Oman based oil and gas company. In the present scenario, the competition among businesses operating in the oil and gas industry of Oman has become very intense, and now it is no longer comfortable for a company to maintain or enhance its position in the market. According to Elkington model of Triple Bottom Line of sustainability, companies such as OOCEP are required to emphasize on three significant dimensions which are social, environmental and financial. The Carroll’s pyramids of responsibilities explain that profits are necessary because the CSR is developed on the foundation of profit.

Reference no: EM131986972

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