responsibility (CSR) is concerned with the commitment by corporate entities to act ethically and to give back to society. Over time the TI has attempted to use CSR strategies in an attempt to bridge the gap between society and themselves. Prevention programmes for youth smoking‚ awareness for second hand smoking and the attempt to reduce child labour in tobacco farming are some of the initiatives the TI has made in order to bridge the gap. A framework to evaluate and interpret ethical behaviour has
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Overview of ITC ITC was incorporated on 24th August 1910 under the name Imperial Tobacco Company of India Limited. Progressively‚ as the Company ’s ownership Indianised‚ the name of the Company was changed to I.T.C. Limited in 1974. As ITC has a wide range of businesses such as Cigarettes & Tobacco‚ Hotels‚ Information Technology‚ Packaging‚ Paperboards & Specialty Papers‚ Agri-business‚ Foods‚ Lifestyle Retailing‚ Education & Stationery and Personal Care - the full stops in the Company
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international markets‚and consequently enounter various risks not normally attributed with domestic markets (Beck 1993). In developing countries such as Nigeria the regulatory frameworks may exist but are not adequatley enforced. Hence‚The intent of CSR activities performed by multinationals are not always well determined‚ And powerful multinationals such as Shell have emerged as the major players in this era of globalization‚ largely inhibited by domestic regulation (Rwabizambuga 2007)‚ but what is
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CSR and globalization Corporate social responsibility is at least in its name and formal recognition a relatively recent phenomenon. Yet‚ owners and managers of firms have engaged in activities that we would now consider CSR almost from the beginning of the industrial revolution (Davis‚ Whitman and Zald‚ 2006). But‚ until the 1990s‚ CSR was generally limited to corporate philanthropy. It is from the early 1990s that enlarged concepts and practices of CSR have come to the fore. What drove these
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In this essay I am going to look at AstraZeneca PLC one of the world’s top pharmaceutical companies. By describing several relevant cases and commenting on them I will try to evaluate the extent to which the Company acts under the principles framing its corporate governance and corporate social responsibility policies. To give brief overview‚ AstraZeneca PLC‚ formed on April 6‚ 1999‚ by the merger of British Zeneca Group PLC and Swedish Astra AB‚ is one of the biggest pharmaceutical companies
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In this essay I have chosen to compare two opposing theories‚ Immanuel Kant ’s absolutist deontological ethics and Joseph Fletchers relativist situation ethics. The deontological ethics focuses on actions made according to duty and the categorical imperative - which shows how acts are intrinsically good or bad. The situation ethics state that no act is intrinsically good or bad‚ and that actions should b made according to love. From this perspective it looks as thought Kant ’s views were less personal
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Rights-based ethical theory (Social contract) On Cyberslacking affect on IT industry Cyberslacking a term used to describe employees who surf the net for their personal use such as writing e-mail or indulging in other internet-related activities at work that are not related to their jobs. These activities are performed during periods of time when they are being paid by their employer. The individual who perform such work is known as Cyberslacker while the whole act is called
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How to Implement CSR How organizations implement CSR depends on how they define it‚ whether as a moral obligation and a rational approach to stakeholder satisfaction. It serves best when it is part of organizations’ culture‚ planning‚ and management. It has implications for budgeting‚ return on investment‚ and measures of effectiveness. As mentioned above‚ public relations practitioners not only participate in the dialogue to define CSR standards but they also play a crucial role in helping markets
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Ethical theory resides in the analysis layer of thinking for the reason that analysis is the elevated or educated form of thinking. A mixture of critical thinking and moral judgment‚ ethical reasoning raises itself to a form of analysis that boils down to developing arguments in light of discovering how we ought to live in order to express and apply it fully in our lives. One example that applies to this is the ethical situation is the issue on life support. Say that a family member‚ specifically
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CORPORATE SOCIAL RESPONSIBILITY CSR is about how companies manage the business process to produce an overall positive impact on society Achieving commercial success in ways that honor ethical values & respect people‚ communities & natural environment CSR OF WALT DISNEY COMPANY “ CSR is not a cosmetic‚ it must be rooted in our values‚ it must make a difference to the way we do our business” WALT DISNEY CO. The Walt Disney Company is one of the largest and most well-known corporations
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