Utilitarianism and Social Corporate Responsibility The principal of Utilitarianism is often cited for grounds in business related decision making. Business ethics is often misunderstood - for if the main purpose of business is to maximize profits‚ then one could argue Westjet had done nothing wrong in trying to gain an advantage in thier industry. Thankfully‚ ethical decision making involves criteria beyond the ’greatest good for the greatest number of people’. Its criteria are as follows - utilitarianism
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With the recent corporate scandals involving such companies as Enron and Martha Stewart‚ the concept of corporate social responsibility (CSR) has once again made its way to the forefront of contemporary management ideologies. However‚ CSR itself is not a new concept. In fact‚ societies as far back as the Ancient Mesopotamians (circa 1700 BC) incorporated CSR in their businesses. "King Hammurabi introduced a code in which builders‚ innkeepers or farmers were put to death if their negligence caused
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promoted by increased sensitivity to ethical issues‚ especially corporate social responsibility (CSR). It is a company’s obligation to be accountable to all of its stakeholders in all its operations and activities with the aim of achieving sustainable development not only in the economical dimension but also in the social and environmental dimensions. Obviously‚ MNCs put lots of efforts on the Triple Bottom Line --- environment‚ social and economic aspect. However‚ some of the MNCs treat CSR as a marketing
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Social responsibility is about not only creating a better life for coffee farmers‚ but also the lives of the communities where these farmers reside. Without improving the lives of those in the communities‚ the farmers will not be able to grow. The Partnership‚ like the Tim Horton Children’s Foundation‚ works on “empowering youth and improving childhood education in coffee communities to provide better opportunities for the future” (timhortons.com). In order to achieve this goal‚ The Partnership has
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The Gdansk Institiute for Market Economics Reporting on Corporate Social Responsibility by Banks‚ Financial Institutions and Listed Companies in Poland Gdansk‚ December 2003 This publication and the research that enabled it were co-financed by a grant from the Partners for Financial Stability (PFS) Program‚ a cooperative program of East-West Management Institute‚ Inc. and USAID. The opinions expressed herein are those of the authors and do not necessarily reflect the views of the PFS Program
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Influences on Strategic Purpose Description Models/tools Corporate Governance Stakeholder Expectations A. Social Responsibility and Ethics A. Shareholder Model Stakeholder Model Benefits Disadvantages Stakeholder mapping: the power/interest matrix Minimal effort Keep informed Keep satisfied Key players Corporate Social Responsibility Stances: Laissez-faire Enlightened self-interest Forum for stakeholder interaction Shaper of society
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Corporate Social Responsibility - Primark Primark’s products are mainly sourced from suppliers in Europe and Asia. Its key sourcing countries are China‚ India‚ Bangladesh and Turkey. Primark has initiated a programme of activities which supports its corporate social responsibility (CSR) stance and ensures that its trading meets the company’s values and ethical standards. Corporate social responsibility represents the responsibility that a business has towards all its stakeholders‚ not just
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Supplemental Internet Exercise EXERCISE 1 SOCIAL RESPONSIBILITY SUCCESSES AND FAILURES Purpose: To illustrate how businesses have succeeded and failed to be socially responsible by researching two companies’ performances in corporate philanthropy‚ employee health and safety‚ environmental stewardship‚ and minority and women’s employment and advancement. Exercise: Name at least one example of a company that succeeded or failed to be socially responsible in each of the categories
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For my purpose here‚ I would like to examine the case for which the two views of Corporate Social Responsibility (CSR) are positioned in. One of these viewpoints is that CSR is practiced ethically in businesses simply because it is the right thing to do‚ through being moral and just by following a Values-based management system. The other perspective on CSR is that it is simply a ‘do-gooder’ ploy‚ and that it is only practiced within firms to impress society and those around them. For the duration
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socially responsible. “The Societal Marketing Concept requires that all marketers adhere to principles of social responsibility in the marketing of their goods and se4rvices that is they should endeavor to satisfy the needs and wants of their target markets in ways that preserve and enhance the well-being of consumers and society as a whole while fulfilling the objectives of the organization”. They also indicate that when society prospers‚ so do marketers and companies so at the end of the day‚
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