Corporate Social Responsibility Corporate social responsibility (CSR‚ also called corporate conscience‚ corporate citizenship‚ social performance‚ or sustainable responsible business/ Responsible Business) is a form of corporate self- regulation integrated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms. CSR is a process
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weaknesses in useful areas of a company. IFE matrix also gives a foundation for recognizing and assessing associations among those parts. The IFE matrix is utilized in strategy formulation. An example of internal factor evaluation matrix is given for the Coca-Cola Company. Steps in the Construction of IFE Matrix 1. In the first column‚ lists down all the strengths and weaknesses. IFE matrix should include 10 to 20 key internal factors. 2. In the second column‚ assign weights to each factor
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TIMBERLAND Q : 1 : In what ways does Timberland fulfill its responsibility to consumers‚ employees‚ investors and society as a whole? A : 1 : Timberland’s mission has been to equip people to make their difference in the world. Let them be consumers ‚ employees ‚ investors or society as a whole. Timberland ‘s business is a model for both commerce and justice having a long history in this regard. While continuing to build its reputation as a brand that
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With the recent corporate scandals involving such companies as Enron and Martha Stewart‚ the concept of corporate social responsibility (CSR) has once again made its way to the forefront of contemporary management ideologies. However‚ CSR itself is not a new concept. In fact‚ societies as far back as the Ancient Mesopotamians (circa 1700 BC) incorporated CSR in their businesses. "King Hammurabi introduced a code in which builders‚ innkeepers or farmers were put to death if their negligence caused
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Morrisons recently published last April its "Corporate social responsibility report" (CSR report‚ 2006) for the previous financial year. The report puts high regard on Morrisons’ effort to minimise the impact of its business operations on the environment. Moreover‚ the report stresses the catering of the interests of its "key" stakeholders‚ namely its customers‚ suppliers‚ colleagues and shareholders. Recalling way back before it completely took over the ownership of Safeway in 8 March 2004‚ Morrisons
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waterproof boots and shoes. • 1987: Timberland went public on the American Stock Exchange. • 1992: To sustain the communities in which its employees live and work‚ Timberland developed what later became The Path of Service program: a progressive corporate policy offering employees 16 hours paid leave to perform community service. • 1997: Timberland increased the benefit of paid employee volunteer time to 40 hours. 2. Awards • 1999: Timberland was selected as one of 1998’s “100 Best Companies to
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CSR Case Studies: Coca-Cola 1. Why did Coca-Cola Vietnam chose to work on water projects? Coca Cola is a beverage company‚ a major consumer of water resources‚ it uses 2.43 liters of water to produce just 1 liter of beverage which makes it prone to criticism and consumer boycotts so to protects its brand image and defend its vision statement‚ which said be a responsible citizen‚ and run its business smoothly it decided to start water program to maintain its operations in Vietnam and build a CSR
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organizations‚ local communities and civic societies‚ and suppliers‚ including Coca-Cola AMATIL. We aim to keep these groups informed about our product and to have constructive discussions with them on issues of common concern. Through direct engagement and research‚ we identify the concerns of our stakeholders. We review and prioritize the issues raised and‚ where appropriate‚ change our approach. Responsibilities to stakeholder groups: * Shareholders – Generate profits and pay dividends
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Corporate Sustainability Reporting (CSR) The Organization Setting : The company(Fictious) I am working has grown in Market share of $10 Million dollars .As a Financial Analyst ‚ I am sending a Executive Summary to our Organization Head on the need for a Corporate Sustainability Reporting. Introduction A Sustainability Report essentially sums up a company’s propensity to develop while reconciling contemporary environmental‚ social and economic demands - the "Triple Bottom Line (People‚ Planet
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What are the arguments for and against the concept of corporate social responsibility? Where do you stand‚ and why? An argument for corporate social responsibility is that many think they should assume the role because it states they they are thinking of the people and how they are creating a win/win situation. Those that are against are purely looking at the bottom margin and look no further or care. For me I am all for it. It states that they do care about were they do business‚ how
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