Corporate Social Responsibilities Tony Fernandes‚ CEO of Kuala Lumpur-based Air Asia started a low-cost airline at a time when everyone thought he would fail. He placed high emphasis on his workforce and flexible HR strategies. During the past few years‚ Air Asia has become one of the best low-cost airlines in Asia and it has also boosted its CSR efforts. Fernandes’ basic sense of CSR starts with his people: Air Asia was one of the first airlines in Asia to hire female pilots. He says that his staff
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environmental concerns when making business decisions. And this has makes CSR integral to the way of the business related to the world and potential of being success. As there is no universal standard for CSR‚ CSR can be defined by actions such as integrating social‚ environmental and economic terms into business value and actions. One of the examples would be treating the employees from foreign countries fairly as the local employee. Many businesses believe that by implementing CSR activities they will be able
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Companies have a social responsibility to perform and behave in particular ways. A company has a responsibility to ensure that any stakeholder’s needs are being met. The Toyota Corporations history and goals are as follows; “Toyota Motors is a Japanese automobile manufacturer founded in 1933. Toyota accounts for 78 percent of all the hybrid gas/electric cars sold in the United States. They are working to become the largest car-seller in the world‚ and in the first quarter of fiscal year 2007‚ for
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consistent management‚” M&T Bank demonstrates how doing ordinary business benefits society around them. M&T Bank’s policies on Equal Employment Opportunity (EEO) complete the necessary requirement of Mandated Actions under their scope of Corporate Social Responsibility. They state‚ “it is the policy of M&T Bank to provide equal employment opportunities – without regard to race‚ color‚ national origin‚ religion‚ ethnicity‚ sex‚ gender identity‚ age‚ disability‚ citizenship‚ pregnancy‚ veteran status‚
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Introduction Definition of the business Retailing encompasses the business activities involved in selling goods to consumers for their personal‚ family‚ or household use. It includes every sale to the final consumer—ranging from apparel to movie tickets to books to home appliances. Retail stores include diverse sorts of shops‚ from kiosks and small groceries to supermarket chains and large department stores. Retailing is the last stage in the distribution process. In addition to traditional bricks-and-mortar
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Marketing: “Marketing is a total system of business activities that designed to plan‚ price‚ promote and distribute the products to present and potential consumers to achieve organizational goals through satisfying the needs or wants”. “A social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others”. The above definition for marketing is also called as Core Concept of Marketing. It can
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Corporate social responsibility (CSR) is the framework proposed by Carroll (1991) to provide managers with a way to evaluate their duties to the myriad groups with interests in their organizations. These groups are defined as stakeholders and include owners‚ customers‚ employees‚ the community‚ competitors‚ suppliers‚ social activist groups‚ the public and potentially others. According to Carroll (1991)‚ the framework of CSR can be divided into four parts encompassing “the entire spectrum of business
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Social Responsibility Theory To combat the pressures that threatened freedom of the press‚ this theory was first introduced in 1947 and was recommended by the Hutchins Commission on Freedom of the Press. It stated that the media should serve the public‚ and in order to do so‚ should remain free of government interference. It defined guidelines that the media should follow in order to fulfill its obligation of serving the public. Ethics and the Media The Social Responsibility Theory claimed
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Benn (2003) conceive corporations as channels of social purpose‚ constructed within society to attain useful social objectives. Henceforth‚ corporate social responsibility commits a significant role towards the sustainability of corporations. Both corporate social responsibilities and sustainability‚ and its related concepts influence all aspects of business. Chandler and Werther (2010) acknowledge the understanding of corporate social responsibilities as an aim to define the future of our society
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Filomena‚ Dipolog City GOOD GOVERNANCE & SOCIAL RESPONSIBILITY ( Mgt. 6) Instructor: Mr. R. T. Nocete Semester: Summer E-mail: viper@yahoo.com School year: 2011 Consultation hours: 8:00-10:00AM M-F Time / Day / Rm.: 10-12M-F/NB210 Course Pre-requisite: None No. of Units: Three (3) Course Description: This course is designed to inform and stimulate thinking on issues of ethics and social responsibility encountered in business. The material covered
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