Corporate sustainability responsibility refers to the form of the corporate self-regulation, which is integrated in the business model. In case of sustainable development, the development refers to the needs of the recent situation rather than compromising with the future ability (Heikkurinen and M?kinen 2016). In such way, the future generation will be able to meet with their needs. The sustainable development and corporate responsibility are interconnected. In the assignment, the focus is to explain the key points of the integrative perspectives. Moreover, the assignment discusses about the pros and cons of the politico ethical and critical perspectives of the CSR. Various challenges and issues of the Russian mining industry are discussed.
The integrative perspective can be synthesized on the corporate responsibility by the competing perspective. The three perspective of the corporate responsibility are critical, politico- ethical and economic perspectives. Owen and Kemp (2013) mentioned that the economic role of the corporations cannot signify the democratic mechanisms and business practices. The integrative perspective develops the individual perspectives. The focal point of integrative perceptive helps to promote the interdisciplinary and collaborative management. This facilitates the grant applications. Jenkins and Yakovleva (2006) stated that the integrative work is based mainly on Rawlsian method. This method is of the reflective equilibrium. Integrative perspective helps to analyze the strength and weakness of the corporation.
The politico- ethical and critical perspective of the corporate responsibility is mainly against of the anti- thetical perspectives. The pros of the perspective involve the boosts of the value as well as profitability. It helps to improve the company reputation. The perspectives enhance the customer relationship as well as improve the teamwork.
The cons of the perspective involve the needs of the higher costs. The perspectives create the shareholder resistance. The perspective promotes the greenwashing by maximizing the profit and expectation of the managers. This helps to promote the responsibility of the executives to generate the profit (Gunningham, Kagan and Thornton 2004).
The management system of the Russian mining industry is facing various challenges due to the globalization. They are very much aware of the international strategies. Maindonald (2011) stated that most of the mining companies in Russia are stuck to the traditional corporate responsibility. Therefore, they are struggling to get the successful strategies for the development in the international market. They need to develop new business model so that they can integrate in the international market. Before developing strategies, the Russian mining companies need to determine the social and cultural market. The companies will gauge the actual trust level between the population to develop the situation of the companies.
The political and religious conservatism mainly imposed many of restrictions. The challenges of the economic perspective on corporate responsibility proponents the interpretation ranges. This mainly focuses on the shareholders to maximize the profit to provide benefits to the mining industry. According to Moffat and Zhang (2014), the primary responsibility of a manager in a business is to increase the corporate profit rate. The business manager needs to make logic plans, which can be implemented to the organization and make more profit. This will help to increase the reputation of the company. The social tasks include the economic efficiency, individual consideration and democracy.
Various conceptions of the Russian philosophy help to know about the political and religious conservatism. In case of Russian mining industry, these perspectives play important role for the development of the industry.
As mining industry is a big industry in Russia, it faces various issues to develop. The resources based fro the iron is not much attractive to invest as it belongs to the low grade. Another issue that the mining industry in Russia faces is the taxation issue. Bice (2014) mentioned that there is no proper infrastructure in many of the organization, which creates issues in the development procedure. To overcome the issues, implementation of new strategies is necessary. The workers, who work in the mining and engage for the mining, are facing the most of the issues. They do not get proper safety and working environment (Heikkurinen and M?kinen 2016).
In present years, the corporate social responsibility and sustainability of the business increase the high profile issues. For the mining industry, the outcomes of the CSR agenda increase the needs of the individuals to justify the existence of the performance with the documentation. Yin (2013) mentioned the stronger leadership can the mining companies to overcome the issues regarding mining in Russia. The stronger leadership can reduce the issues regarding the manipulation of information. Moreover, this helps to reduce the fraud cases in the companies, which develops the company reputation. The leaders can maintain the transparency in the financial sectors of the company.
There are various types of case studies that include the illustrative case studies, exploratory case studies, cumulative case studies and critical instance case studies. Illustrative case consists of several subdivisions and each has specific goals and objectives (Dare, Schirmer and Vanclay 2014). The exploratory case study utilizes the one or two events of the situation. On the other hand, Parsons, Lacey and Moffat (2014) stated that the explorative case studies help to implement the large scale investigation. Cumulative information helps to gather the information for various sites that utilizes the past studies without the additional cost. The critical instance case studies examine the one or more sites to examine the situation (Owen and Kemp 2013).
Based on the above conclusion, it can be said that corporate social responsibilities and the sustainable development are related. Strong CSR strategies help to develop the company reputation with the development of internal structure. The condition of the mining industry is not good, which can be developed by the strong CSR model and sustainable development strategies. The stronger leadership can the mining companies to overcome the issues regarding mining in Russia. The leaders can maintain the transparency in the financial sectors of the company. Therefore, it is necessary to incorporate new strong leaders to develop the condition of the organization in the mining industry in Russia.
Bice, S., 2014. What gives you a social licence? An exploration of the social licence to operate in the Australian mining industry. Resources, 3(1), pp.62-80.
Dare, M., Schirmer, J. and Vanclay, F., 2014. Community engagement and social licence to operate. Impact Assessment and Project Appraisal, 32(3), pp.188-197.
Gunningham, N., Kagan, R.A. and Thornton, D., 2004. Social license and environmental protection: why businesses go beyond compliance. Law & Social Inquiry, 29(2), pp.307-341.
Heikkurinen, P. and M?kinen, J., 2016. Synthesising Corporate Responsibility on Organisational and Societal Levels of Analysis: An Integrative Perspective. Journal of Business Ethics, pp.1-19.
Jenkins, H. and Yakovleva, N., 2006. Corporate social responsibility in the mining industry: Exploring trends in social and environmental disclosure. Journal of cleaner production, 14(3), pp.271-284.
Maindonald, J.H., 2011. Qualitative Research from Start to Finish by Robert K. Yin. International Statistical Review, 79(3), pp.499-500.
Moffat, K. and Zhang, A., 2014. The paths to social licence to operate: An integrative model explaining community acceptance of mining. Resources Policy, 39, pp.61-70.
Owen, J.R. and Kemp, D., 2013. Social licence and mining: A critical perspective. Resources Policy, 38(1), pp.29-35.
Parsons, R., Lacey, J. and Moffat, K., 2014. Maintaining legitimacy of a contested practice: How the minerals industry understands its ‘social licence to operate’. Resources Policy, 41, pp.83-90.
Yin, R.K., 2013. Case study research: Design and methods. Sage publications.