to your colleagues‚ clients or customers‚ use the Order Reprints tool at the bottom of any article or visit www.djreprints.com See a sample reprint in PDF format. Order a reprint of this article now JR: EXEC ADVISER AUG 10 The Case Against Corporate Social Responsibility The idea that companies have a duty to address social ills is not just flawed‚ argues Aneel Karnani. It also makes it more likely that we’ll ignore the real solutions to these problems. By ANEEL KARNANI August 23
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The Case Against Corporate Social Responsibility Dr. Karnani shows in this article from the Wall Street Journal‚ the pros and cons on whether businesses should be required to implement social welfare initiatives. For some companies‚ this idea is a win-win situation but there are other businesses that in order to promote these initiatives‚ they would have to lose profits. The idea of people helping people sounds very good but we have to be realistic‚ we are living in a capitalist country
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In 2013‚ the US congress passed an act: the Consolidated and Further Continuing Appropriations Act. This act contains bans or strictly supervises the purchase of telecommunication equipment from Chinese companies Huawei and ZTE. It is strictly stated in section 516 that the money brought forward from this act is not allowed to buy equipment or systems that have been “produced‚ manufactured or assembled” by companies “owned‚ operated or subsidized” by the Chinese. This may seem reasonable; the
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Towards Consolidated Democracies Linz and Stepan * Three conditions before speaking about democratic consolidation * First…no state=no democracy * Second….democracy cannot be thought of as consolidated until a democratic transition has been brought to completion * Necessary but by no means sufficient condition for the completion of a democratic transition is the holding of free and contested elections (on the basis of broadly inclusive voter eligibility) that meet
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used in the culture. For that reason‚ different cultures would make people have different behaviours.Culture can be defines as “the collective programming of the mind which distinguishes the members of one human group from another” (Hofstede 1984‚ p: 21). Culture is consisting of language‚ political‚ values‚ belief‚ food‚ cloth‚ etc. And those elements make people have different behaviours. Therefore‚ there are significance differences between two cultures and so does two national cultures. It is well
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A. The Implications for corporate governance and financial institutions In Enron’s case‚ we may see that the principle weakness of corporate governance today is the excessive concentration of power in the hands of top management. Enron involve allegations of massive accounting fraud and huge losses in shareholder value. In May 2002‚ the Business Roundtable released its Principles of Corporate Governance. This is a set of principles intended to assist corporate management and boards of directors
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Corporate governance Two definitions: ASX CGC: rules‚ relationship‚ systems and processes help a company to monitor and assess risk‚ optimize performance‚ create value and provide accountability. A narrow definition which consistent with agency theory focuses on relationship between company and shareholders. OECD: a system a company can be directed and controlled‚ specify rights‚ responsibilities and rules; set and achieve objectives and monitor performance. A board definition consider relationship
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differences between city life and village life? Also‚ you may think the city life is most comfortable. You know‚ there are so many differences between them. That is to say‚ people living in cities are different from people living in the city. There are five major differences between city and village (people) lifestyle. I’m going to write social activities or opportunities‚ people’s behaviour‚ most common events‚ safety and getting good education. First of all; there is big advantage of city life than
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A Closer look to American Culture: A comparison between culture in China and America By Shijiao Chen Social Work 100 March 15‚ 2012 My parents came to the United States when I was about ten years old‚ leaving me and my younger brother to live with my grandma in China. We talked on the phone every day and they told us what their life in America was like. From what my parents told me‚ the U.S. was place where everybody could have a place to live and something to eat if they
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difference between western and eastern culture The major difference between Chinese and Western culture is that China is an oriental country‚ and its traditional culture is completely different from western heritage. Chinese culture is older than 5000 years‚ and Chinese people have developed their own music‚ musical instruments‚ painting techniques‚ traditional Chinese medicine‚ and not to forget‚ cooking methods etc – completely different and unique when compared to Western culture. Chinese believe
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