Contemporary Issues

Module Code: TH60041G

Tutor: Hilary Allen

Assessment 1

Due date: November 16th 2010

Word count: 1000

TVU Number: 2104-7686

Discuss the key areas of corporate social responsibility and evaluate the benefits and costs of CSR within the hospitality industry.

Introduction:

The author is going to identify toward this essay what Corporate Social Responsibility represents in the hospitality industry and evaluate its benefits and costs. According to Michael Hopkins in “Corporate social responsibility and international development “(2007:15), “CSR is concerned with treating the stakeholders of the firm ethically or in a responsible manner. “ Ethically or responsible” means treating stakeholders in a manner deemed acceptable in civilized societies.” To summarize, CSR can be seen as an obligation of business to society. An analyse of the Hospitality Direction Europe Edition ( 2006) identified that over the past few years, a lot of stakeholders have become more interested in the ethical, social and environmental performance of the hospitality industry, including the media, investors, consumers, employees and government. CPR is a new concept including different component affecting the hospitality industry such as ethical environment, environment policy, community, corporate governance, human rights and workplace issues. Those issues in a company have benefits and costs impacts, which the author is going to analyse through this essay.

According to an article published in Catersearch, The government describes CSR as “the business contribution to our sustainable development goals. Essentially it is about how business takes account of its economic, social and environmental impacts in the way it operates. Nowadays CSR seems to represents an important issue in hospitality