Samsung's Corporate Social Responsibility Essay

Samsung's Corporate Social Responsibility - Essay Example Center of discussion in this paper is corporate governance as a set of guidelines, rules, regulations and procedures which help an organization to run smoothly and take care of the stakeholders. These stakeholders include customers, employees, society, government, members, promoters, investors as well as all other members who are directly and indirectly associated with the organization. As a result of the increasing awareness among consumers and society regarding environment, health and safety, organizations have also started considering investing back into the society. Thus, the concept and application of corporate social responsibility have evolved. The general objective of Samsung’s CSR is to improve the conditions across the globe with the help of its various social programs contributing to the environment as well as people. Corporate sustainability includes environmental, economic as well as social performance of the organization. At present, the company is involved in va rious CSR activities such as, maintaining harmony among the society, people and environment, green management, social contributions, partner collaborations, integrity management and also, environmentally sustainable services and products. Samsung has been focusing on developing the lives of numerous children as a part of its philanthropic umbrella across the globe. The program has supported STEM educational campaigns which are critical for the workforce needs of Samsung. The various products which are utilized from the portfolio of the organization are also a relevant example of the numerous ways by which the needs which are expressed by the educator are met. (Samsung, 2013d). b) Partnerships: In order to contribute to the communities, Samsung has partnered with various government organizations such as, NEEF (National Environment Education Foundation) and PTA (National PTA). Through the involvement with these government agencies, the brand was assured that real needs of these commun ities are met with and it is able to impact the social lives in a practical manner (Samsung, 2013c). It also helps the company to better understand the sensitivities of parents and teachers and execute these programs in an enhanced manner. Also, the