INTRODUCTION What is corporate social responsibility? It ’s also known as social responsibility. Corporate social responsibility (CSR) is when a company or an organization striking a balance between profitability and our contributions to the communities in which they operate and being obligated to meet the expectations of stakeholders‚ who are the sources of the legitimacy of the organization. The stakeholders include the owners‚ investors‚ employees‚ customers‚ government‚ suppliers‚ competitors
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Corporate Social Responsibility of a company: Starbucks Starbucks‚ the largest coffeehouse company in the world‚ is a company that tries to make business in a socially responsible way. The firm is not only about making coffee but also about treating with dignity the clients and the environment where they are operating into. Hereby‚ we will discuss the different actions undertaken by Starbucks in order to be socially correct. One word
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Utilitarianism and Social Corporate Responsibility The principal of Utilitarianism is often cited for grounds in business related decision making. Business ethics is often misunderstood - for if the main purpose of business is to maximize profits‚ then one could argue Westjet had done nothing wrong in trying to gain an advantage in thier industry. Thankfully‚ ethical decision making involves criteria beyond the ’greatest good for the greatest number of people’. Its criteria are as follows - utilitarianism
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For my purpose here‚ I would like to examine the case for which the two views of Corporate Social Responsibility (CSR) are positioned in. One of these viewpoints is that CSR is practiced ethically in businesses simply because it is the right thing to do‚ through being moral and just by following a Values-based management system. The other perspective on CSR is that it is simply a ‘do-gooder’ ploy‚ and that it is only practiced within firms to impress society and those around them. For the duration
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and adoption of corporate social responsibility as a matter of course (David Henderson 2004). The stakeholder groups‚ for instance‚ governments‚ communities‚ suppliers‚ employees‚ customers and stockholders persistently claim administrators to dedicate capitals to corporate social responsibility (McWilliams and Siegel 2001‚ 117). Despite the fact‚ strategic corporate social responsibility is far more selective on being a standing corporation rate citizen and also addressing the social issues that the
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as “I can help those practical people see another dimension beside machines and theoretical principles‚ which is the truest taste of life where humanity and sympathy for their disadvantaged fellows come in”. Yes‚ it’s the feeling that Corporate Social Responsibility (CSR) gives to each person. Feeling good‚ feeling proud and feeling optimistic. Ever since CSR becomes one big part of every company‚ no matter they are big or small‚ a concern is raised whose answer is controversial: “CSR is from guiltiness
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general news HONDA Corporate Social Responsibility March 24‚ 2008 Honda Motor Co.‚ Ltd (Japan)‚ the mother company of the Honda Group of Companies in the Philippines was established in 1948. Since then Honda Motor has continuously sought to contribute to society by creating products of the highest quality and advance technologies. It has also undertaken Social Responsibility initiatives‚ seriously. Thus‚ the Honda Group of Companies in the Philippines composed of Honda Philippines‚ Inc.‚ (HPI)
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(2011‚ November 24). The Philippine Star‚ p. 3. Cruz‚ J. D. (2012‚ June 24). Pagcor goes green. Business Mirror‚ p. 5. Cruz‚ J. D. (2012‚ June 24). Pagcor goes green. Business Mirror‚ p. 3. http://pcij.org/blog/wp-docs/RA9487.pdf http://www.pagcor.ph/social-responsibility.php http://www.blog.pagcor.ph/ http://www.pagcor.ph
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Introduction TVS group of companies is name synonymous to social consciousness‚ quality and commitment to the welfare of underprivileged rural citizens. This report analyzes the various corporate social responsibility services of the group done under the umbrella of Srinivasan Services Trust (SST) in light of the documentation provided. Specifically‚ we cover how SST practices strategic CSR‚ how it is organized in order to execute the various social projects‚ where it gives‚ how it gives and how the
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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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