Corporate Social Responsibility

and Good GovernanceNarrative Report

Our Lady of the Pillar College-CauayanBachelor of Science in Business

AdmintrationMajor in Financial Management

A.Y. 2014-2015

Submitted to:Ms. Melanie A. Abiendo

InstructorWhat is Business?

Business, as defined in the Local Government Code (LGC) of 1991, pertains to trade or commercial activity “regularly engaged in” as a means of livelihood or with the a viewpoint of obtaining profit.

A business is generally characterized as performing a systematic, continuous, and regular income generating activity. It is not a performance of a single disconnected act to obtain a gain.

The business may be pursued by any person, regardless of whether or not the business is a non-stock and nonprofit private organization (irrespective of the disposition of its net income and whether or not it sells exclusively to members or their guest), or government entity.

What is its role in the economy?

Businesses contribute to local economies by bringing growth and innovation to the community in which the business is established. Businesses also help stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations. Businesses tend to attract talent who invent new products or implement new solutions for existing ideas. Larger businesses also often benefit from small businesses within the same local community, as many large corporations depend on small businesses for the completion of various business functions through outsourcing.

Profile of

theBusiness

Curriculum Vitae of the Owners

Name: King Mikko AbanAddress: Reina Mercedes, IsabelaAge: 19Gender: MaleBirth Date: August 25, 1995Specialization/Year Level: Financial Management 3rd Year

Name: Gen Nicolei AggabaoAddress: San Mariano, IsabelaAge: 20Gender: MaleBirth Date: January 20, 1995Specialization/Year Level: Financial Management 3rd Year

Name: Allan Francis AyrosoAddress: Christine Village, Cauayan City, IsabelaAge: 19Gender: MaleBirth Date: June 22, 1995

Specialization/Year Level: Financial Management 3rd YearName: Ma. Jessica BaroroAddress: Don Jose Canciller Avenue, Cauayan City, IsabelaAge: 20Gender: FemaleBirth Date: December 22, 1994Specialization/Year Level: Financial Management 3rd Year

Name: Emil Paul GuiangAddress: Bucag St., Cauayan City, IsabelaAge: 19Gender: MaleBirth Date: February 10, 1996Specialization/Year Level: Financial Management 3rd Year

Name: Dianne Kae DalupangAddress: , IsabelaAge: 19Gender: FemaleBirth Date: , 1995

Specialization/Year Level: Financial Management 3rd YearName: Jolina Dela PazAddress: San Francisco, Cauayan City, IsabelaAge: 19 Gender: FemaleBirth Date: , 1995Specialization/Year Level: Financial Management 3rd Year

Name: Alma Mae Joy MendezAddress: Woodcrest Subdivision,Tagaran, Cauayan City, IsabelaAge: 19Gender: FemaleBirth Date:, 1995Specialization/Year Level: Financial Management 3rd Year

Name: Brilla Liza Simangon Address: Bliss Tallungan, Reina Mercedes, IsabelaAge: 19Gender: FemaleBirth Date: January 17, 1996

Specialization/Year Level: Financial Management 3rd YearName: Prince Bernard TamayaoAddress: Reina Mercedes, IsabelaAge: 19Gender: MaleBirth Date:, 1995Specialization/Year Level: Financial Management 3rd Year

Name: Mary Jane TriviñoAddress:Burgos St., Cauayan City, IsabelaAge: 18Gender: FemaleBirth Date: June 18, 1996Specialization/Year Level: Financial Management 3rd Year

Starting Capital

Our Product

 Graham balls is another simple and easy dessert made of graham crackers. It consists of marshmallows, crushed graham crackers, condensed milk and sprinkles. Mold into a ball shapes then roll in sprinkles and refrigerate before

serving.

Ingredients:3 cups crushed graham crackers1 cup condensed milk1 pack marshmallows sprinkles (rice crispy, crushed nuts, chocolate sprinkles, rainbow sprinkles, etc.)

Procedures:

1. In a mixing bowl, put the crushed grahams.

2. Dip the marshmallows into the condense milk and coat it with crushed grahams.

3. Mold into a ball shapes and roll in sprinkles.

4. Place into paper cups then refrigerate for at least 3 hours before serving.

Documentation of Selling Proper

FinancialStatemen

ts

Corporate Social

Responsibility Initiatives

What is your own personal definition of Social

Responsibility?

Corporate Social Responsibility. Whenever I heard this three letters, the first thing that pops out on my mind is that, it is the action taken of a certain company to a group of people without any payment in return. Corporate Social Responsibility or simply CSR is somewhat sharing your blessings to other people. It is done by means of conducting feeding program to undernourished children, giving school supplies, granting scholarships, tutorials or teaching street children how to read and write and many other ways. But CSR is not only concerning on other people rather, it also concern on the environment by means of conducting clean and green programs. For example, practicing proper waste disposal and teaching it to other people, tree planting, donating cleaning materials to a certain community and the like. There are many other ways to conduct Corporate Social Responsibility just do it with your heart and you will surely think a very good definition of it.

-King Mikko Aban

Corporate Social Responsibility is an activities taken by businesses and companies to somehow give back to their customers not only them but also to those shareholders to help their business grow a portion of their profit.

-Gen Nicolei Aggabao

Corporate Social Responsibility is a practice where the society and a business benefits from each other.

-Allan Francis Ayroso

Corporate Social Responsibility is a philosophical value embraced by corporate entities that believe their purpose and responsibility is to not only be sustainable through profits, but that they do so in a way that thoughtfully incorporates an understanding that their actions impact the greater community and world in which they operate. It is a developmental “tithe” given to fill in the social gaps existent in such a community and, in fulfillment of a moral obligation to that community by the respective corporate.

-Ma. Jessica Baroro

Corporate Social Responsibility is the harmonious relationship of a firm or organization with its different stakeholders in order to maximize its potential and bring forth quantitative benefits with win-win results. CSR should be entrenched into a company’s day to day business strategies so they should most likely aim for an integrated and even more holistic approach in order to contribute sustainable development.

-Emil Paul Guiang

CORPORATE SOCIAL RESPONSIBILITIES -is a duty, a responsibility, an ethical theory, a process etc. These are some term to define CSR. And if I was to define CSR, for me it is a means for continuous commitment of the business to the people and to the society, in a manner that they can meet their social and environmental concerns. And to know how can they contribute to economic development. Giving back to people is only one of the most common CSR approaches use by the different businesses. Some of the companies do these things through the conduct of different programs and activities such as doing charity work, volunteer works, feeding programs and

the like. And on the other hand they earn the trust and sympathy of the people.

-Jolina Dela Paz

Corporate Social Responsibility is an initiative of doing good things to other people, especially to the needy. Giving importance to them very happy and thankful.

-Alma Mae Joy Mendez

CORPORATE SOCIAL RESPONSIBILITY it is a responsibility of an organization or individual to do their duty or doing good things that must benefit the society. Every individual has the responsibility to act and make decision that will help the society and caring for others. An organization or individual should always consider the effect of their act or decision in the society to the economy and the people around them.

-Brill Liza Simangon

Corporate Social Responsibility is one of the key to successful business governance that may lead to the progress of the organization. CSR also contributes in obtaining the trust of the stakeholders of the organization and its valued customers.

-Prince Bernard Tamayao

Corporate Social Responsibility is not just an obligation. For me, I can say that CSR is an initiative in doing what we know is right, what I’m trying to say is we should know how to maintain the cleanliness and doing what is lawful for us to have a proper civilization.

-Mary Jane Triviño

Importance of Corporate Social Responsibility

Social responsibility is a way to give meaning to their work. Through corporate social responsibility, individuals can realize their personal values through their business. They feel greater levels of achievement and are confident that their work is important for their community and the world. They experience fewer regrets. They feel excited going to work each day and would never characterize it as tedious and unrewarding. Corporate social responsibility can be a source of personal pride, and a way to make work interesting and important.

Most business leaders are acutely aware of the problems and challenges our societies face. Having built a successful company, many seek to give back to their communities. They volunteer, donate, and fundraise. They strive, through their personal actions, to make the world a better place.

More and more, leaders recognize the opportunity to involve their company in changing the world. By involving employees, customers, and other stakeholders, much more is achievable. And in the process, the company can become stronger and more sustainable than ever.

Companies that effectively engage in corporate social responsibility experience many benefits. They enjoy a positive effect on staff retention, recruitment, and motivation. They experience increased customer satisfaction and loyalty, particularly when customers buy based on relationships, trust, reputation or brand.

Socially responsible companies, large and small, have better reputations, can better detect and respond to risk, and can anticipate the needs of their stakeholders with greater certainty. When things go wrong, they are more quickly forgiven for mistakes.

As a side effect of their efforts, these companies can experience operational efficiencies and cost savings. They also have an improved ability to innovate, develop new products to meet customer needs, and leverage the creativity of their stakeholders.

When you identify your stakeholders, their needs and their expectations, and you make genuine commitments to do them more good and less harm, they respond by making greater commitments to you. These companies can ask for more from their employees, customers, and investors. And they get it. When they make mistakes, which happen inevitably, they are more readily forgiven.

Loyal customers make repeat purchases, make bigger purchases, and become product advocates. Loyal employees exert greater effort and commitment towards corporate goals in which they strongly believe. Top performers are less likely to go to competitors. This means lower turnover and training costs, and intellectual capital stays within the company.  

Many traditional business processes are aimed at making important stakeholders (namely shareholders, customers, and employees) more satisfied. But satisfaction alone is not enough to keep customers coming back and to encourage employees to give their best effort. Loyalty - whether someone is committed to you for the long-term - depends on much more than just satisfaction. Social responsibility is powerful because it can drive loyalty directly.