Corporate Social Responsibility (CSR). Some may debate that it decreases company’s profits by spending much money on CSR. However‚ according to Needle (2004)‚ ‘good’ CSR is also good for business‚ a firm could benefit from doing CSR. Thus‚ this paper aims to explain its importance. It begins with the definition of CSR and its four responsibilities‚ then presents how it influences a business and benefits it can bring. Finally‚ I am going to describe strategic CSR and discuss why firms have social
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The poem‚ “Jabberwocky” written by Lewis Carroll is known as “one of his most famous‚ and included made up words that have slipped their way into English dictionaries (Shaw‚ 2004).” The poem is about a father and his son‚ and the father warns the son of an evil beast called the Jabberwock that is living in the “tulgey wood (Kirszner & Mandell‚ 2012‚ p. 629).” The son is curious of this evil beast that his father is talking about‚ and embarks on an adventure to find the Jabberwock. In my opinion
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The Advantage of the Four-Factor Model over Current Evaluation Techniques A fund’s investment performance is measured by its risk-adjusted return (alpha) which is the return of the fund minus the return of the fund’s benchmark. A fund’s perfect benchmark is a portfolio that (1) is fully diversified and (2) has precisely the same exposures to sources of risk (risk factors) in stock market returns as the fund. Forty years of capital markets’ research indicates that there are four risk factors
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The impact of perceived CSR initiatives on consumer’s buying behaviour: An empirical study Abu Bashar‚ Assistant Professor‚ Institute of Management Studies‚ Dehradun. ABSTRACT Although research into CSR and consumer behavior is still relatively young‚ there exists a growing interest in studying the links between CSR and marketing. The Indian consumers are now well aware that‚ in pursuing their business endeavors‚ companies now have to show more responsibility towards society and the environment
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Unit III Assignment Friedman Vs. Carroll Responsibilities of Business Firms to Society MBA 5101 - Strategic Management and Business Policy February 1st‚ 2015 Friedman’s View of Business Responsibility Milton Friedman’s theory on business responsibility is grounded on his belief that the only social responsibility of a business is to use their resources and engage in activities that legally generate profit for shareholders. Friedman believes that: • Businesses should engage in “traditional” functions
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Carroll Cole was born May 9th‚ 1938 in Sioux City‚ Iowa. A scant nine years later‚ the first of his 16 confirmed victims would be killed. There have been many serial killers over the course of history to examine‚ but Carroll had two unique aspects that made me want to write about him specifically: he was one of the youngest serial killers ever (based on the date of his first kill)‚ and he is a prolific example of how grandly the legal system can fail not only society‚ but a single individual. Cole
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large. This in the last decade has been commonly referred to as Corporate Social Responsibility – CSR (Crane‚ A.‚ Matten‚ D.‚ Spence‚ L. 2008). As Carroll (1979‚ cited in Carroll‚ 1991) states that‚ CSR included the idea that the corporation has not only economic and legal obligations‚ but ethical and discretionary (philanthropic) responsibilities as well. However‚ the definitions of the term CSR may depend on individual perceptions of responsibility that in turn relate to the bigger picture defining
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social responsibility (CSR) within organizations. CSR is an emergent discourse within organizational research and praxis. It has parallels to sustainable development‚ environmental protection‚ social equity and economic growth. Although some organizations consider CSR to be a peripheral and sector speci c issue‚ it is becoming increasingly mainstream‚ supported by government legislation. Key questions arising are‚ is there a con ict between pro t earning and CSR? How can CSR be implemented without
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Q I Part IV-Implementing and Revising HSC/588 Q I Part IV-Implementing and Revising The Parkland implementation of correct systems required a team including expert leader’s approach. Effective communications between leaders of Parkland‚ end users‚ the vendors‚ and the department staff is important when collecting data. For data transfer‚ authority need to assure that the new system communicate with the existing system. The administrative leaders guide the project activities‚ data protocol collection
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social responsibility (CSR)‚ and its impact on societal well being‚ apart from the overall governance of the supply chain processes of every organisation. Ratings are being developed to measure performances of most firms with regard to their CSR efforts besides their financial performance. This rating would then be used to measure each firm ’s progress in the business world. Many studies have been conducted linking CSR to consumer loyalty. It is found that the higher the CSR rating the stronger
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