The corporate social responsibility practices Case Study

The corporate social responsibility practices - Case Study Example Rasgas firm is the second leading firm in the production and supply of gas to both the local and international markets. The firm has been operation for the last 14years and it has grown its links with various stakeholders which involve the communities it serves. With this strong links, the necessity of Corporate Social Responsibility is inevitable. This report seeks to explore various aspects of Corporate Social Responsibility with a bias on the necessity of information to companies and its benefits to human resource development. As a point of departure, like any world leading organization, the aspect of Corporate Social Responsibility is inevitable. The organization has endeavored to position its CRS policy on four foremost cornerstones, which include education, community, environment, information and health. The four aspects are aligned with the Qatar National Vision 2030. The Corporate Social Responsibility has over some time now played a critical role in strengthening the company’s ties with the rest of the community. The organization believes that through a clear policy on CSR well integrated with the National Development Strategy, it will positively engage the community through activities which involves practical assistance, donation of equipment, employee volunteer and financial contributions (Porter, 2000). These activities work towards increasing awareness of the organization’s produced and these efforts are reflected in the overall revenues and profit margins. In the case of education which is attributed to acquiring information the organization has endeavored to support numerous talented students to the UK Universities for both undergraduate and Masters programmes. These programs and activities are aimed at attaining maximum level of sustainability. In the case of the CSR information to companies and its benefits relative to human development, the Rasgas firm has a big role to play in a bid to update other

Research paper Essay Example | Topics and Well Written Essays - 750 words - 2

Research paper - Essay Example By definition, money is referred to as anything of value that can be used as a medium of exchange (Weatherford, 2009). This is to say that money is that what is used to pay for goods and/or services. This can also take the form of repaying debts at an individual, corporate, or government level. The history of money is highly built on the need to establish a streamlined exchange medium, thus the observed shift from barter trade to the development of contemporary currencies. The history of money makes vital reference to barter trade and barter economies. In many historical barter economies, goods and services were exchanged for other goods and services (Walthall, 2006). However, this form of trade had operational challenges due to the fact that transacting parties had to match their needs or wants in order to trade. Such economies lacked a central exchange medium, but there transactions at the time would fundamentally shape the history of money. At the height of barter trade, the emerg ence of money started being realized. The introduction of shells, stones, beads, and fur as money was observed (Walthall, 2006). The acknowledgement of these things as money revolutionized exchange transactions within and across communities. Business and commerce emerged for people would accumulate the now acknowledged type of money. This followed difficulties in barter trade to have for example a farmer exchange his/her produce with a blacksmith. The introduction of forms of money now allowed traders and people in general to obtain goods and services without necessary having to engage in barter trade. Development of money along its rich history eventually saw the introduction of coin money. Precious metals became the central focus as far as development of money was concerned. Gold, silver, and bronze among other metals were shaped into coins that were easy to carry and transact with. From around 1000 B.C onwards, the use of coin money increased and many societies quickly welcomed t his new development (Del Mar, 2004). In the 11th century, paper money came into the picture and was produced for use in China (Del Mar, 2004). This marked the extensive spread of money within and across all continents. Eventually, bank notes and coins were adopted all over the world, thus becoming the central exchange medium for domestic and international exchanges. In the United States, the use of paper bills dubbed â€Å"greenbacks† was actualized in the year 1861 (Weatherford, 2009). The emergence and development of money was aligned with the fall of civilization around the world. Asia, Europe, and America were the leading factors of civilization. When it came to the development and use of money, they as well led the course. Civilization subject to the money factor had its positive and negative effects. Money essentially made different civilizations realize that wealth could be stored in form of money. Wealth accumulation took its toll, with many civilizations seeking to d ominate this course. Before long, money would be a differential factor in many societies and countries at large. Notably, money contributed and still contributes in enhancing civilization of societies. Although money has critically divided rich and poor civilizations, it has made exchange transactions easy, efficient, and effective. Over and above this, the shift from barter economies to contemporary currency-driven economies has resulted in enormous currency issues. Different economies want to maintain independent