CORPORATE HISTORY. Akio Morita‚ Masaru Ibuka‚ and Tamon Maeda (Ibuka’s father- in- law) started Tokyo telecommunications Engineering in 1946 with funding from Morita’s father’s sake business. The company produced the first Japanese tape recorder in 1950. Three years later‚ Morita paid Western Electric (US) $25‚000 for transistor technology licenses‚ which sparked a consumer electronics revolution in Japan. His firm launched one of the first transistor radios in 1955‚ followed by the first
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to address social responsibilities. This is only certain truth to this statement as the world we live in now is evolving. People in the current era are more concern about social responsibility especially with corporations and their behaviours and plans. There is an increasing demand on businesses to have a “social conscience” and taking serious responsibility for providing employment‚ eliminating discrimination‚ ethical working environment and whatever else is related to having a “social conscience”
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It is the responsibility of companies today to promote responsible business practices at every level of the company. Business should be conducted ethically and honestly. Companies should also foster environments that promote ethical conduct and comply with all requirements of the law that they fall under. This paper will examine the ethical practices of PharmaCARE. Stakeholders will be identified‚ and several scenarios will be evaluated and critiqued. Stakeholders PharmaCARE’s stakeholders
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with social responsibility in its overall corporate strategy? “I think that Starbucks has been concerned with social responsibility in its overall corporate strategy because in the long run it affects the bottom line. By being socially responsible‚ the business is also showing that they care about more than their profits. Caring about more than just profits allows for greater employee commitment‚ investor loyalty‚ as well as higher customer satisfaction. Research has also shown that social responsibility
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Introduction Our assigned topic deals with a phenomenon that has taken the corporate world by storm rather recently‚ particularly in Pakistan. It entails the dilemma that every corporation faces when they have to make decisions regarding the firm’s profitability and their corporation’s social responsibility. The term "corporate social responsibility" came into common use in the late 1960s and early 1970s after many multinational corporations formed the term stakeholder‚ meaning those on whom an
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meteoric rise in the 1980s after going public‚ the late 1990s began a period composed of combating allegations about labor and human rights violations in Third World countries in which manufacturing had been subcontracted. Nike’s response to this issue has been considered by critics to be more of a damage-control stunt than a sincere attempt at labor reform. This case was prepared by O.C. Ferrell and Jennifer Jackson‚ based on work by Lisa Kiscaden and Megan Long‚ the University of New Mexico
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Corporate social responsibility -pros and cons CSR which stands for corporate social responsibility which is also known as corporate citizenship‚ corporate conscience and responsible business. 2. Different organisations have framed different definitions – but in a nutshell CSR is about how companies manage the business processes to produce an overall positive impact on society. It is like giving back to the society. 3. CSR working would go beyond monetary donations to involvement in actual planning
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Corporate Responsibility and Marketing Strategies Examine Apple’s current position on the company’s ethical and social responsibilities‚ and determine whether or not the company has met these responsibilities. Provide two (2) examples that support your position. In addition to maximizing profits‚ one of the main objectives to many corporations today is to be well known for their responsible management and ethical performance. Apple is one of the most important companies throughout the world because
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Introduction In order to maintain social order and stability‚ people create a lot of rules to conduct the people’s behavior. A part of these rules of conduct is included in the scope of the law‚ which needs the coercive power of the country to protect its implementation. The other part belongs to the moral category‚ and it needs to rely on self-reflection and intervention of public opinion which can assurance its implementation. The business ethics is a part of commerce responsibility‚ and it is also a part
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Halal Business Corporate Social Responsibility Othman Ibrahim*‚ Siti Zakiah Melatu Samsi**‚ Muhamad Fazil Ahmad*** *University Teknologi Malaysia/Faculty of Computer Science and Information System‚ Johor‚ Malaysia. Email: othmanibrahim@utm.my **Multimedia University/Faculty of Business and Law‚ Melaka‚ Malaysia. Email: zakiah.melatu@mmu.edu.my ***Universiti Putra Malaysia/Faculty of Modern Languages & Communication‚ Selangor‚ Malaysia. Email: mfazil@fbmk.upm.edu.my Abstract - Halal industry is
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