Social Responsibility (CSR) is the notion that business companies have obligations to society beyond their economic obligations. In a way‚ CSR is the company’s way of giving back to society and a way of being aware about the condition of the society and the environment. CSR is about how companies make profit‚ not how they spend them. It does not entail that the company should donate to charities or that they should use their profit on organizations with a positive cause. CSR is based on the idea that
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Kant’s Theory of Ethical Duty: A Deeper Look Immanuel Kant‚ one of the most significant and popular theorists‚ was also one of the last key philosophers of the Enlightenment period. Existing ethical assumptions are being deduced using this ethical theory of duty‚ which argues that the when an action can be supported and willed by practical reason and universal law‚ it is the right action. Kant did not believe that just mere virtues can measure ethics. Looking
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Ethical Theories Utilitarianism Utilitarian ethical theories are based on one’s ability to expect the concerns of an deed. Utilitarianism’s creed is that the result of any action takes importance over any type of means‚ this means that Utilitarianisms objective is to help as many individuals as possible even if it were to negatively disturb people along the way so as long as it helped the general populace. Basically‚ it’s the ends that matter not necessarily the means. Rights Rights ethical theory
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of Corporate Social Responsibility‚ or CSR‚ believes that everything cannot be left up to the market. The market exists to make profits at all costs. So‚ there needs to be a mechanism in place where social causes and the environment are taken care of. In the age of social media‚ watchdog groups and the green movement‚ businesses and corporations have become extremely transparent. There are‚ and have been‚ superficial attempts by businesses to employ CSR as a way of mitigating the terrible effects
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regularly contributed to various CSR initiatives in the areas of health‚ education‚ infrastructure‚ and culture. In 2003‚ it decided to allocate 0.75% of its net profit each year for various socio-economic developmental programs undertaken by the company. In 2004‚ it drafted a Corporate Citizenship Policy - a written guideline which was to provide a direction to the company’s CSR initiatives. | | With growing globalization‚ Corporate Social Responsibility (CSR) had been increasing in importance
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many organizations today is corporate social responsibility‚ which focuses on how businesses deal with their environmental‚ social and economic impacts. CSR is a set of actions of a company that changes business operations to improve‚ maintain‚ or mitigate a company’s impact on society and the environment. Corporate social responsibility (CSR) programs benefit businesses two-fold: they help businesses operate in ways that benefit society and help improve public perception Types of corporate
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stake‚ to a fast growing China private-owned timber flooring company. Like most local Chinese company‚ CSR is not implementing in that company as well as no management working on it. Generally speaking‚ CSR (Corporate Social Responsibilities) is a form of corporate self-regulation integrates into business model‚ in which a company monitors and ensures its active compliance with the spirit of law‚ ethical standard and international norms. Although this timber company has high growth in the market and generate
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The common factor between them all the critics comes down to how you can rewrite the definition of CSR as one that makes it easiest for you to dismiss it. So‚ for instance‚ some people argue that an approach to corporate social responsibility that achieves business benefits is nothing of that sort - THAT’s just good business. So CSR must be only those things that are of no direct benefit to the business - ie. philanthropy. Cue the arguments about how CEOs should not be giving shareholders money away
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in the execution of their eight key CSR initiatives which are inline with millenium development goals suggested by United Nations in 2000. To make certain CSR remains a top priority for the business‚ they have developed strong CSR management structures and systems. Social‚ environmental and ethical issues are also incorporated into the Vodafone risk management processes. CSR-related policies were agreed to at the UK Policy Committee‚ chaired by the CEO. CSR-related issues are also a regular agenda
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framework‚ ethical egoism fails as a moral theory to assist moral decision making because it endorses the animalistic nature of humanity‚ fails to provide a viable solution to a conflict of interest‚ and is proved to be an evolutionary unstable moral strategy. Outline: Ethical egoism claims that all our actions can be reduced to self-interest. This is a controversial moral theory which sometimes can be detrimental. Without a well-defined framework of the nature of self-interest‚ ethical egoism
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