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The Corporate Citizenship

Category: Corporate Finance Paper Type: Coursework Writing Reference: APA Words: 550

Every corporation has some responsibilities towards the society all this process is called as corporate citizenship. This is all about the communities to ensure the quality of life and high standards that surround them and also maintain stakeholder’s profitability (Lin, 2010).

Summary of Corporate Citizenship

Corporate citizen is a phenomenon genuinely formulate for the betterment of society because its regards to the quality of life and high standards. This phenomenon is enhancing day by day in this world for both individuals and investors of an institution to work for the progress of companies because these companies are socially responsible orientation which includes governance practices, environmental and social. In regards to developing the process of corporate citizenship while in the process of increasing stages of companies. There are five stages in the development of a phenomenon which is elementary, innovative, transforming, integrated and engaged. If we focus on the primary stages activities regards to the company’s citizenship are undefined due to awareness regards to scant corporate and also regards to the senior involvement of management all the small businesses are involved in this stage. Policies are developed in the engagement stages and citizenship activities blend in the regular operation of the company in the integrated stages (Jones & Haigh, 2007).

Discussion of Corporate Citizenship

Society is the basic part of this world that cannot comprise properly by focusing on quality of life in which it is important to meet the needs of basic standards of living. The concept lies in corporate social responsibility which explores industries and companies. Brands can be benefited for the society in businesses, philanthropy, and efforts of volunteers through corporate social responsibility. The corporate social responsibility is very valuable for every company its activities can help to formulate and encourages a strong bond among workers and corporations through which can we can enhance the morale of employees in this way we can easily help the employees and corporations. As we know employees are the most important part of an organization without employees an organization is nothing as they are the reason for the manufacturing of products and services on a large scale from a large number of employees. Every employee is very necessary for an organization and play a vital role in an organization or cooperation so to maintain the check and balance between corporation and employees it is very necessary to enhance the morale of the organization. CSR is the concept of regard to the responsibility of an organization according to society. To be socially responsible is very necessary for an organization because it is very effective for society. This can enhance the fame and name of an organization and also promote the concept of the corporation of the citizen.

References of Corporate Citizenship

Jones, M., & Haigh, M. (2007). The Transnational Corporation and New Corporate Citizenship Theory. Journal of Corporate Citizenship, 27.

Lin, C.-P. (2010). "Modeling corporate citizenship, organizational trust, and work engagement based on attachment theory. Journal of Business Ethics, 94( 4), 517-531.

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