“The social responsibility can be defined as the obligation of the organization to act in ways that serve both its own interests (making a profit) and the interests of its stakeholder.” (Sandy Millar‚ Christopher Theunissen‚ 2008‚ P69) Socially responsible organization takes action to ensure that their activities do not affect any of the stakeholders in a negative way. The McDonald’s is the leading global foodservice retailer with more than 30‚000 local restaurants serving 52 million people in more
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The Effect of Corporate Social Responsibility on Business Operations and Performance Case Study: Vision Group and Uganda Clays Limited Jimmy Mugisa 2009-M102-20049 Uganda Martyrs University‚ Nkozi September‚ 2011. The Effect of Corporate Social Responsibility on Business Operations and Performance Case Study: Vision Group and Uganda Clays Limited A postgraduate dissertation presented to Faculty of Business Administration and Management In partial fulfillment of the requirements
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Corporate Social Responsibility initiatives of BPCL BPCL‚ a well-known petroleum brand called Bharat Petroleum Company Limited is committed to the welfare and development of the society and the local community. It works in various areas to help develop the community and society. BPCL’s commitment towards society and local community is very high‚ according to the CMD‚ ‘We are committed to the societies where we operate and understand that business success is not possible when the needs of the society
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Business Ethics: A European Review Volume 20 Number 1 January 2011 Online privacy as a corporate social responsibility: an empirical study Irene Pollach Aarhus School of Business‚ University of Aarhus‚ Aarhus‚ Denmark Information technology and the Internet have added a new stakeholder concern to the corporate social responsibility (CSR) agenda: online privacy. While theory suggests that online privacy is a CSR‚ only very few studies in the business ethics literature have connected these
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relevant models. (15) 2. How does power effect in decision making for Corporate Social responsibilities. Kindly discuss one such initiative in details. (15) ****** Political Views Affect Firms ’ Corporate Social Responsibility‚ Study Finds ScienceDaily (Sep. 19‚ 2008) — A new study in The Financial Review establishes a relationship between political beliefs of corporate stakeholders and the corporate social responsibility (CSR) of their firms. Companies with a high CSR rating tend to be located
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Journal of Business Ethics (2009) 88:119–132 DOI 10.1007/s10551-008-9825-x Ó Springer 2008 Chinese Consumers’ Perception of Corporate Social Responsibility (CSR) Bala Ramasamy Mathew Yeung ABSTRACT. The findings of this article increase our understanding of corporate social responsibility from the consumers’ perspective in a Chinese setting. Based on primary data collected via a self-administered survey in Shanghai and Hong Kong and results of similar studies conducted in Europe and the
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Briefly outline what Corporate Social Responsibility (CSR) is and how the initiatives on reporting CSR have developed over the past few decades. Explain what the Global Reporting Initiative is. Social responsibility has been a term used in business since the 1700’s with to focus then being child labour and increasing working conditions. It was only during the 1970’s when social responsibility gathered pace and a definition was given “The social responsibility of business encompasses the economic
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PRIMARK PESTEL ANALYSIS SWOT ANALYSIS CORPORATE GOVERNANCE CORPORATE SOCIAL RESPONSIBILITY AND ETHICS CONCLUSION REFERENCES Evaluate the internal and external influence on Primark and relate to it to best practices‚ corporate governance‚ corporate social responsibility and ethics? Majority organizations need best practices for achieving organizational objectives in the terms of profit‚ social and ethics issues. Primark’s best practice frame work is discussing below: PRIMARK’S
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Reporting Standards (IFRS) and International Accounting Standards (IAS) in preparing their general purpose financial statements – the year-/period-end statements prepared for users: shareholders and external stakeholders like employees‚ tax authorities‚ banks and financiers. The IFRS and IAS tell accountants and other preparers of financial statements how to account for transactions and events‚ and what to disclose‚ within the accounts. D MA TE RI AL 10 Part I: Concepts and Basic Standards
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Conceptualised as ’a bank for the public’ by its Founder and Chairman‚ Tan Sri Dato’ Sri Dr. Teh Hong Piow‚ Public Bank commenced business on 6 August 1966‚ and was listed on the Kuala Lumpur Stock Exchange (KLSE) on 6 April 1967. To-date‚ the Public Bank Group has grown into a premier banking group in Malaysia‚ with overseas market presence in Cambodia‚ Vietnam‚ Laos‚ Hong Kong‚ China and Sri Lanka. As a leading financial services provider in Malaysia‚ the Public Bank Group offers a comprehensive
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