Corporate social responsibility (CSR) is an important consideration in tourism and hospitality management, yet extensive empirical studies on how it is implemented in developing country’s context are lacking. Using qualitative methodology, this article addresses this knowledge gap by exploring CSR practices among hotels and accommodation providers in Malawi. Our findings demonstrate that a broad-based CSR agenda is slowly being pursued by certain firms although corporate philanthropy remains the major area of focus for most of the considered firms. The article further demonstrates differences in the choice of CSR agenda firms pursue can be influenced by the nature of firm’s ownership. Whereas locally owned and managed firms showed a strong orientation towards philanthropic-based CSR agenda, foreign owner/mangers favoured a broad-based CSR agenda.
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Anyone who wants to understand the decisions businesses take and how these affect their shareholders needs to study [some level of] corporate finance. But most textbooks are too technical and too specialist for most people’s needs. This book is written for undergraduate students, especially in non-financial business related disciplines. Studying it will offer you a solid grasp of the key concepts of corporate finance without having to deal with all the intricacies discussed in the standard textbooks. Professionals will benefit from the straightforward approach of this book too.
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Corporate Social Responsibility affects Corporate Governance as it stretches the accountability of companies beyond its traditional boundaries. This however may conflict with the corporate objective of maximizing stockholder wealth. The paper provides an overview of various academic theories and corporate attitudes on this issue and discusses the merits and disadvantages of the two main governance modes: the stockholder mode and the stakeholder mode.
In the last decade, the automotive industry has seen significant advancements in technology (Advanced Driver Assistance Systems (ADAS) and autonomous vehicles) that presents the opportunity to improve traffic safety, efficiency, and comfort. However, the lack of drivers’ knowledge (such as risks, benefits, capabilities, limitations, and components) and confusion (i.e., multiple systems that have similar but not identical functions with different names) concerning the vehicle technology still prevails and thus, limiting the safety potential. The usual sources (such as the owner’s manual, instructions from a sales representative, online forums, and post-purchase training) do not provide adequate and sustainable knowledge to drivers concerning ADAS. Additionally, existing driving training and examinations focus mainly on unassisted driving and are practically unchanged for 30 years. Therefore, where and how drivers should obtain the necessary skills and knowledge for safely and effectively using ADAS? The proposed KIEM project AMIGO aims to create a training framework for learner drivers by combining classroom, online/virtual, and on-the-road training modules for imparting adequate knowledge and skills (such as risk assessment, handling in safety-critical and take-over transitions, and self-evaluation). AMIGO will also develop an assessment procedure to evaluate the impact of ADAS training on drivers’ skills and knowledge by defining key performance indicators (KPIs) using in-vehicle data, eye-tracking data, and subjective measures. For practical reasons, AMIGO will focus on either lane-keeping assistance (LKA) or adaptive cruise control (ACC) for framework development and testing, depending on the system availability. The insights obtained from this project will serve as a foundation for a subsequent research project, which will expand the AMIGO framework to other ADAS systems (e.g., mandatory ADAS systems in new cars from 2020 onwards) and specific driver target groups, such as the elderly and novice.
CSRD staat voor Corporate Sustainability Reporting Directive. Via deze nieuwe wet- en regelgeving moeten bedrijven duurzaamheidsgegevens opnemen in hun jaarverslag onder andere vanuit de keten. Accountants dienen deze vervolgens te voorzien van een accountantsverklaring. Vanuit de bloembollen- en knollensector (in opdracht van de stichting Sustainable Suppliers; vertegenwoordigt 80% sector voor de droogverkoop) is er een CSRD-consortium opgericht met kernteamleden uit de keten. Royal Anthos (de brancheorganisatie voor de handel bloembollen en knollen) heeft de lead om met het consortium de toepassing van de CSRD te onderzoeken. Verwacht wordt dat een beperkt aantal bedrijven en afnemers van handelsbedrijven (vaak retailers) rapportageplichtig zullen zijn en de nodige duurzaamheidsinformatie zullen opvragen uit de keten. Tijdens de eerste CSRD-exploratie sessies kwamen vragen naar voren zoals: Kunnen producenten in de keten de data leveren? Wat wordt er van ze verwacht? Deze vragen zijn zeer geschikt om in een KIEM-aanvraag te onderzoeken, met als hoofdonderzoeksvraag: “Hoe beschikbaar en geschikt is de CSRD-data binnen de bloembollen- en knollensector bij leveranciers?”, en deelvragen: a) Welke eisen stellen afnemers aan producenten? b) In hoeverre voldoen de producenten aan de eisen? c) Hoe kunnen producenten voldoen aan deze nieuwe informatievraag? d) Welke inspanningen zijn nodig om ontbrekende data te verkrijgen? e) Welke rol hee^ bestaande certificering in de informatiebehoefte? De beoogde projectresultaten zijn: o Website CSRD Q&A bollensector: o Welke CSRD-informatie is voorhanden en wat niet (de GAP)? o Mogelijke acties om de GAP te verkleinen (laaghangend fruit) o Masterclass praktisch omgaan met CSRD (wordt omgezet naar een webinar) o Ontwikkelen van een vaktechnische publicatie en of wetenschappelijke publicatie Het KIEM-project wordt geleid en uitgevoerd door het Yuverta practoraat Circulaire Agribusiness waarin wordt samengewerkt met het Hogeschool Arnhem Nijmegen lectoraat Futureproof Control (gespecialiseerd op CSRD en reporting).
The project is a field study for several diverse hotel chains, including individual properties operated under the Marriott brand, Postillion Hotels. Each brand has unique values, missions, and visions. Therefore, this integration will lead to the development of company-specific sustainability strategies and processes. The study will use the model of levers of control to provide such tailor-made solutions and determine if a generic approach can be developed to match a corporate sustainability strategy with a corporate strategy and develop a supporting management control system for operationalizing the sustainability strategy. Research question: How can a hotel brand formulate and implement a sustainability strategy with a supporting management control system that not only complies with the new CSRD (Corporate Sustainability Reporting Directive) legislation but also emphasizes the creation of substantial value in financial and ESG (Environmental, Social, and Governance) aspects, based on double materiality, in line with the organization's corporate values and beliefs? Objective The aim is to develop a validated method, including tools, that hotels can use to create a sustainability strategy in line with the CSRD guidelines. This strategy should create value for the organization, the environment, and society, while aligning with the hotel's values and beliefs. Merely being compliant with the CSRD is not enough for hotels. Instead, they should view the implementation of the CSRD as an opportunity to stand out in terms of sustainability. By creating value in areas such as environment, safety, and governance, or through the six capitals (financial, manufactured, intellectual, human, social and relationship, and natural) that align with the UN-SDGs, and explicitly taking both an inside-out and an outside in perspective (double materiality), hotels can significantly enhance their sustainability reputation.
