legal responsibilities - Monsanto is subject to laws and regulations of the US and where they operate‚ the country that they are in. It is the responsibility of Monsanto to ensure that they abide by the law and act in accordance with it. This is highlighted Monsanto’s ’pledge’ (2015) as follows‚ "Integrity is the foundation for all that we do. Integrity includes honesty‚ decency‚ consistency‚ and courage...We will create clarity of direction‚ roles‚ and accountability; build strong relationships
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for helping elder man due to the high inflation. It made me realize that the company of Hong Kong has the responsibility to reward the citizen in need with the profit they earned from the market. Nowadays‚ many people in society expect organizations or enterprises to be socially responsible to the society‚ which is called “social expectation”. The company can sense what society’s needs through the three level of social expectation so that knowing how expectations condition can give insights into
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November 13‚ 2012 Top 5 Companies in Terms of Social Responsibility We live in a society that holds companies accountable for their actions in relation to the environment‚ the welfare of the less fortunate‚ and the investors that fund them. A company’s actions in terms of social responsibility are placed into three categories: profit responsibility‚ stakeholder responsibility‚ and societal responsibility. Profit responsibility refers to a company’s responsibility to maximize profits without
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Social Responsibility Report Mantoris Robinson MBA 5400 Fairmont State University Explain what social responsibility means to the author of the book you selected. How does he believe it relates to the current model of corporate accountability as structured through the legal system? The authors of “Natural Capitalism” in my opinion believes that the form in which corporate business creates capitalism is solely allied with social responsibility. If the world were to view capitalism as a living
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SOCIAL RESPONSIBILITY Business must embrace social responsibility as a requirement‚ a duty in the present world as business has a huge impact on the society and the environment. To work responsibly and ethically should be the values of a business because social responsibility can be directly associated with a good profitable business. Social responsibility creates a win-win situation for a business organization. First and foremost it must be stressed that social responsibility is a must for all
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Company Q is an organization working to achieve the goal of generating the most possible profit. The attitude of company Q toward social responsibility however‚ is an area that needs focused improvement. Based on the description provided the company uses a numbers only approach to decision making. There are intrinsic and fiscal benefits of applying a social philanthropic ethic that should be evaluated. Improvement of company Q’s application of social responsibility could be achieved by developing
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Social Responsibility Undertaken By Videocon : PHILOSOPHY AND RESOLVE: No business can function in a vacuum. There is the society at large with which it engages in innumerable transactions; the more involved the engagement‚ the better its qualitative and quantitative effect on the business. Aware of this debt to society‚ Videocon is committed to fulfilling its obligations: both as providers of products as well as community initiatives. They have undertaken social responsibility through the following
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Business Ethical Behaviour of star bucks Over the last two decades social corporate responsibility has become an increasingly important factor in the business world. Corporate Social Responsibility is concerned with treating the stakeholders of a company or institution ethically or in a responsible manner. “Ethically or responsible’ means treating key stakeholders in a manner deemed acceptable according to international norms “ Hopkins (2011).By social corporate responsibility we mean that businesses
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to ensure ethical behavior in any business all the time. There are things that can be done to help encourage and increase the likely hood of a business acting ethically all the time. The two strongest influences for ethical behavior in the professional world are the regulations that are set by the government and committees like the SEC (Securities and Exchange Commission)‚ and to have good ethical behavior being modeled from top management (lead by example). The federal laws for social responsibilities
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ANALYZING ETCHICAL BEHAVIOR PAPER Analyzing Ethical Behavior Paper Chad L. Million Grand Canyon University BUS-340 Ethical & Legal Issues in Bus. Glen Germanowski July 25‚ 2010 Analyzing Ethical Behavior Paper When functioning in the corporate world‚ it is an essential to include moral ethics. Ethics is also particularly imperative when laboring with financial information. It is very hard to have faith in someone managing plenty of money. Corporations in the past have distorted
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