What is good for the company is good for the people Research Paper

What is darling for the company is good for the volume - Research Paper Examplethat had harmed the environment and communities (Utting & Ives, 2006) an immense pressure is unsurprisingly placed now on Colombias mining sector with regards to its corporate social responsibility (CSR) to improve its sustainable development (Reyes, 2012). catamenia pressure testament not only be about the sufficient supply of energy, but it will also be about clean energy that is environmentally sustainable (Pemberthy, 2012).Confronted with diverse issues so popular in a developing nation, just like Colombia, CSR in this country is more easily criticized than comprehended. unity factor Haslam (2004) cited is the low involvement of the private sector in carving Colombias CSR policies. As Blowfield and Frynas (2005) shed observed, most CSR cases show that stakeholder dialogue and engagement is key to the success of CSR. Added to this, Haslam (2004) furthers, is the weak involvement of the Colombian political science in the promotion of CSR and its failure in integrating CSR policies into its whole government policy. This perhaps could explain the contrast between corporations and communities. For example, the adoption of several corporations for sustainable CSR, which impact could not be immediately mat, was not appreciated by communities which due to deep level of poverty would understandably prefer short-term, yet easily felt benefits such as direct economic benefits or positions. (Baena, 2009/10)Whether CSR is good for business or good for the people or good for both, remains debatable until today. Focusing on the CSR of the two main oil companies in Colombia the ECOPETROL S.A. and the OXY (Occidental Petroleum Corporation) this study argues that CSR is good for the company and likewise for the people. As many corporations have argued, there is a solid business case for CSR, which is associated with win-win strategies doing good environmentally and socially can simult aneously improve a companys competitive advantage, reduce costs, enhance