[pic] Hochschule für Wirtschaft und Recht Berlin Berlin School of Economics and Law Nilay BIÇAKCIOĞLU 310978 Title of Essay: Why are ‘Corporate Social Responsibility’ strategies important for enterprises? Prof. Dr. Jose M. Magone LV 400591.01 Work‚ Business & Society Berlin‚ 2011 Abstract Nowadays‚ the importance of social responsibility activities is growing awareness for companies.It is directly related to your
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(Spector‚ 2008 cited in Carroll and Shabana‚ 2010: 86)‚ Corporate Social Responsibility (CSR) has been becoming an increasingly influencing factor in corporate governance. KPMG (2008 cited in Du et al.‚ 2010: 13) indicates that the proportion of the 250 hugest enterprises in the world who annually release CSR reports has grown up from 50% in 2005 to 80% in 2008. Porter and Kramer (2006: 80) declare that CSR is more likely to be advantages such as ‘opportunity‚ innovation‚ and competitive advantage’
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world‚ HSBC values their commitment to all their stakeholders (HSBC 2012). HSBC believes that Corporate Social Responsibility (CSR) is a dictum that their organization and all its constituents live by (“CSR is engrained in HSBC’s corporate DNA” 2006). Therefore‚ in addition to their financial services‚ HSBC also engages in a variety of Corporate Social Responsibility (CSR) projects as initiators‚ partners and volunteers. In 2011‚ HSBC achieved a score of 63; twenty points above the average score of
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against a firm. Companies need to address this by demonstrating their positive impact on society and by taking appropriate measures to restore confidence. Thus Corporate Social Responsibility (CSR) has become a mainstream trend. This essay will introduce to the concept of CSR‚ provide some examples of CSR activities and illustrate the benefits. Corporate Responsibility offers a means by which companies can manage and influence the attitudes and perceptions of their stakeholders‚ building their
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United States: South-Western‚ part of the Thomson Corporation‚ 2006‚ Pg30 “Disney’s Enviroport.” www.Disney.com/corporate “Disney Gets the Message.” Business Week. May 13‚ 2002‚ i3782. p132 “Disney’s limits on links to fatty kids’ foods speaks to CSR trend.” PR Week (US)‚ Oct 23‚ 2006 p11 “Mickey Gets Fit.”‚ Time for Kids‚ October 27‚ 2006‚ Vol. 12 Issue 8‚ p2-2‚ 1/2‚1C “Mini Mouse.” Broadcasting and Cable‚ October 23‚ 2006‚ v136 i42‚ pg 30 Story‚ Louise‚ Eric Lipton‚ Andrew Martin contributed reporting
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Recommended Strategic Choice: Mixed Strategy 15 Recommendations 16 Conclusion 17 References 18 Appendix 21 Introduction/Executive Summary This report provides an analysis of current strategic position‚ strategic choices and implementation of BHP Billiton. Several methods included in the analysis of strategic position such as company value chain‚ Porter five forces‚ SWOT and PESTEL analysis. A lot of those analyses are available in details in the appendix section. The strategic options have
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Begins to Take Corporate Social Responsibility Seriously: CSR and Social Harmony in the PRC©1 Edward F. Ahnert2 Abstract: This essay describes the evolution of Corporate Social Responsibility in the Peoples Republic of China. It links that evolution to the major shifts in Chinese economic policy and in particular to the call for a harmonious society since 2002. It describes how since 2008 the government of China has become the major promoter of CSR not only to achieve a harmonious society but also to
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H&M is one of the largest fashion companies in the world that designs and sells men’s‚ women’s‚ and children’s clothing‚ as well as homeware and accessories. It began as a Swedish women’s wear store in 1947 and has evolved into five brands‚ encompassing about 2‚800 stores in 48 countries on four continents‚ and employing over 94‚000 people worldwide1. H&M strives to produce increasingly sustainable fashion while making it accessible and affordable to individuals all around the globe by pursuing
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Part One: Identify the three most important CSR issues that the company faces and explain why each is relevant for the firm. In order to identify these issues‚ you should read not only corporate reports and the company’s website‚ but also media reports and any research papers that offer commentary on both the company’s activities and its significant social and environmental impacts. Part Two: Critically evaluate the nature and degree of the company’s responsibilities in relation to
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profile and the closing case for this chapter‚ discuss the challenges regarding corporate social responsibility (CSR) that companies in the apparel business face in its supply chains around the world. In today’s globalized economy‚ the challenge in engaging in CSR is in keeping costs low while at the same time keeping profits high and shareholders happy. With the implementation of a CSR strategy‚ Milton Friedman’s theory of maximizing shareholders’ profits as a company’s sole objective has become
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