Corporate Planning Essay Example | Topics and Well Written Essays - 4000 words - 1

in bodily Planning - Essay ExampleIn the 1930s, after the Great Depression, quality of life management became the close to modern phase of CSR where issues of improving societal gain in areas of lifestyle enhancement became the objective of business, governing and corporate leadership.As time progresses, economies and specific international regions are recognising new trends in social emplacement and consumer behaviour which are driving new and innovative practices for ensuring positive corporate reputation and also straight social beliefs on moral and ethical business practices. The historical phases of CSR maintain both strengths and weaknesses, which will be set in this paper along with discussion of how these historical phases have developed into new CSR objectives in modern society. Additionally, recommendations on implementing effective corporate social responsibility activities in Hong Kong will be identified and discussed.The concepts of social responsibility were large ly generated from the American perspective, since this region was essentially a launching pad for industrialism and return in the late 1800s. America in the 19th century was a society of economic scarceness where economic crop and the accumulation of aggregate wealth were primary national goals (Hay and Gray, 1974, p.136). It was during this period where the business musical arrangement was considered to be a quality tool for reducing this scarcity, thus the focus of leadership in the corporate environment was to ensure maximisation of profits in order to enhance total economic growth within a region.One weakness of this historical phase is that it did not involve governmental bewitch when dictating what were acceptable social responsibility policies at the business level, therefore there was no regulatory frame to oversee business activities at the internal level. Because of this lack of regulation and legislation, companies were allowed to exploit child labour and succeed u nsafe working conditions for