a. Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic‚ environmental and social imperatives (“Triple-Bottom-Line- Approach”)‚ while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction
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question‚ “What do I do? Fundamentally‚ ethics is the method by which we categorize our values and then pursue them. Ethics is concerned with what is good for individuals and society and covers a wide variety of dilemmas such as: our rights and responsibilities‚ the language of right and wrong‚ and moral decision-making (“What is Ethics‚” n.d.). Ethics is a necessary requirement for human life. It is what guides us in deciding what course of action should be taken in various situations. Without ethics
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concepts‚ and issues regarding corporate social responsibility of business organizations. Foreign Literature Corporate Social Responsibility (CSR) is a critical issue across Asia. From local companies to multi-national conglomerates‚ how successfully business interacts with its environs and community is of supreme importance. As early as 1969‚ corporations have been paying attention to their impact on the local community and the world. Arising from the social justice movement of the 1960s‚
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Introduction (Corporate Social Responsibility and the impact it has on society at a global level is studied (discussed/investigated) as we look at whether current regulations are sufficient or mandatory regulations are required in order to sustain our environment in the future.) Since the 1990’s there has been an increasing trend for companies to provide information regarding the environmental implications of their operations (Gozali et al.‚ 2002). This has arisen due to the increasing importance
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Corporate Social Responsibility The different aspects of corporate social responsibility (CSR) have been the topic of considerable debate since the last decades of the twentieth century. Main factor for the increased interest on the part of stakeholders in this topic are the increased public awareness and interest in the corporate social responsibility following the Information Revolution. This essay will assess the dangers and benefits of the business ethics for most of the stakeholders – employees
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analyse and discuss the debates on corporate social responsibility. Take a position on these debates and justify your point of view. Critically evaluate what the implications of your position would be for managers who are concerned about the impact of their organisation’s activities upon the environment. This assessment item is designed to allow you to demonstrate your capacity to understand and evaluate debates around the topic of corporate social responsibility and the implications of these debates
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Page No. 1. Introduction 3 2. Corporate Social Responsibility -What is corporate social responsibility 4 -Some arguments for CSR 4 -Importance of CSR and its advantages 6 3. Blended Value 8 4. Social Auditing 8 5. Ethical Responsibility -What are ethics? 9 -Benefits of ethical responsibility 10 -Effects of ethical responsibility 10 -How can promote ethical behavior
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Corporate social responsibility Social accounting‚ auditing‚ and reporting For a business to take responsibility for its actions‚ that business must be fully accountable. Social accounting‚ a concept describing the communication of social and environmental effects of a company’s economic actions to particular interest groups within society and to society at large‚ is thus an important element of CSR.[16] Social accounting emphasizes the notion of corporate accountability. D. Crowther defines social
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Corporate Social Responsibility This essay will be based on corporate social responsibility (CSR). It should allow the reader to understand what CSR is‚ the importance of CSR and how it would influence customer activities. Themes that would be included in this essay will be the background of corporate social responsibility‚ history and the development of corporate social responsibility. The key concepts will also be explained and the different stakeholders which will be linked to corporate social
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Chapter 1: Corporate Social Responsibility (CSR) • Definition o How the action and conduct of corporation affect society. Corporate have the duty to improve and protect society through the business. • Four Different Perspective o Economic Responsibility: Maximize profits. Fair pricing and quality products. Stakeholders in Corporation: Shareholders. Employee. Upper Management. Customer/Consumer. Vendors/Supplier. The key is to be able to balance and decide which
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