Analytical Template: Impact on business that focus on profit over corporate citizenship and corporate social responsibility
BMAL 560
Name: JOHN DOE Class: BMAL 560 Section: D03 Spring 2017
Critical Analysis Topic: The Impact of businesses focusing on their bottom line (profit) over corporate citizenship (CC) and corporate social responsibility (CSR)
PRINCIPLE:
The business issue of focusing on their bottom line (profit) over social and environmental issues can be defined as a business’s obligation to CC and CSR
Businesses that don’t adhere to CC and CSRcan damage their credibility and reputation with their stakeholders
Corporate citizenship is defined as working within the guidelines of established legislative and regulatory state or federal mandates
Coporate social responsibility is defined as going above and beyond legislative and mandatory regulatory mandates
PRACTICE:
The act of businesses focusing on their bottom line over social or environmental issues has been around as long as people have been doing business
It has been standard practice for businesses to focus on their investors’ main priority; bottom line or profit
There are different schools of thoughts and approached on how businesses can meet the needs of investors and focus on social and environmental issues
Contempeary business leaders understand economic impact and need to balance profice with CC and CSR
PARTICULARS:
Focusing on bottom line can have negative economic impact on the business
Understanding issues that can damage corporate reputation or image
Focusing on obligation to the shareholders, the community and customers
Realizing the corporate need for strict adhearance to CC and CSR
Reduces chances of a business from treating stakeholders unfairly or causing harm to the environment (Kumar, Boesso, & Michelon, 2016)
Increases stakeholders’ confidence that the business will make decision that are in the best interst business, the stakeholder, the community, and the environment
Three major business issues that must be addressed by all businesses (Wilson & Post, 2013)
People
Planet
Profit
PERSONS:
List notable persons that are associated with this subject, and why.
(This would include major proponents, contributors and critics).
PERIOD:
Include a significant date(s), period or timeframe that will add understanding to this subject or concept.
Provide a brief explanation for each one.
PLACES:
Indicate essential locations that are pertinent.
Provide the names of any organizations or other entities that may be associated.
Include brief descriptions as needed.
PHRASES:
List specific phrases, terms, acronyms, or jargon that can be used to understand this information and/or communicate it to others.
Key words:
PICTURES:
Incorporate at least (2) useful but simple visual diagrams, charts, illustrations, metaphors, similes, (word pictures) anecdotes, pithy sayings or quotations that can be used to complement the ability to remember or communicate this subject, topic or concept.
Add addenda as needed (properly cited in APA format)
PROSPECTS:
Prioritize benefits that can be derived from this information.
Explain who can use it and why.
Note any opposing viewpoints or preferable alternatives.
PROBLEMS:
Point out apparent limitations that may apply to this information.
Are there significant problems or weaknesses associated with this subject, topic of concept?
Is there evidence of faulty logic, bias, inaccurate or insufficient information?
Has it been challenged or replaced in conventional usage by something else?
Are there unusual costs, hindrances, drawbacks, etc., involved?
PUBLICATIONS:
References Cited: list any refences sited in the above information (must provide at least 3 additional to what I have listed. Can be from the books or journals you list below.
Wilson, F., & Post, J. E. (2013). Business models for people, planet (and profits): Exploring the
phenomena of social business, a market-based approach to social value creation. Small Business Economics, 40(3), 715-737. doi:http://dx.doi.org.ezproxy.liberty.edu/10.1007/s11187-011-9401-0. Retrieved on 28 April, 2017 from http://ezproxy.liberty.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=eoh&AN=1356184&site=ehost-live&scope=site
Kumar, K., Boesso, G., & Michelon, G. (2016). How do strengths and weaknesses in
corporate social performance across different stakeholder somains affect company performance?. Business Strategy & The Environment (John Wiley & Sons, Inc), 25(4), 277-292. doi:10.1002/bse.1874. Retrieved on 28 April 2017 from http://ezproxy.liberty.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=115519652&site=ehost-live&scope=site
Web Sites and Internet Resources: (5)
List useful websites that will provide more insight to the topic (5)
Journals, Periodicals, Brochures, etc: (6)
List at least 6
Book Suggestions: (6)
List at least 6 and provide APA formatted annotated bibliography (brief explanation how the books add value to the to topic.
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