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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1. Lack of stakeholder engagement strategy – Apple simply doesn’t believe it needs to engage stakeholders‚ not to mention having an engagement strategy. We can see it every time‚ from not sharing information with Greenpeace about why Greenpeace got it wrong about the power consumption of Apple’s North Carolina data center to not responding at first to Chinese environmental groups investigating pollution issues in Apple’s supply chain in China. Another example is Apple’s tendency to reply to questions
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Corporate Social Responsibility (CSR) means that a corporation should be held accountable for any of its actions that affect people‚ their communities‚ and their environment. Actually‚ MTR has been implementation of CSR. Since 1993‚ MTR staff will use their spare time to contribute to society‚ spontaneously organize and participate in volunteer activities. In 2005‚ MTR has also set up a volunteer program‚ to provide support for employees. The the MTR at “railway people‚ railway Heart” volunteers
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Nike CSR Corporate social responsibility can be defined as the "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organisations at a given point in time" (Carroll and Buchholtz 2003‚ p. 36). The concept of corporate social responsibility means that organizations have moral‚ ethical‚ and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A traditional view of the corporation suggests that its
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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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Academy of Management Review 2012‚ Vol. 37‚ No. 2‚ 300–326. http://dx.doi.org/10.5465/amr.2010.0522 UNDERSTANDING ATTRIBUTIONS OF CORPORATE SOCIAL IRRESPONSIBILITY DONALD LANGE Arizona State University NATHAN T. WASHBURN Thunderbird School of Global Management Notwithstanding the significance to organizations of external reactions to bad behavior‚ the corporate social responsibility literature tends to focus on the meaning of and expectations for responsible behavior‚ rather than on the meaning
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Netflix‚ does not have a sustainability report in their form 10-K‚ nor do they have any mention to Corporate Social Responsibility (CSR) that can be located on their webpage. After an exhausting search through third party sites‚ it has been determined that Netflix has no mention of CSR. So‚ in that vein‚ we accepted the challenge in designing a CSR report for Netflix. CSR can be dissected into three broad categories; Social Responsibility‚ Economic Responsibility‚ and Environmental Responsibility.
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Strategic Corporate Social Responsibilities and Law Contents BP Company Info 3 Deepwater Horizon Oil Spill Event 4 Summary of the Deepwater Horizon Event 5 Stock price before and after Deepwater Horizon 7 Impact on Stakeholders 8 BP’s Oil Spills and Corporate Social Responsibility 9 Inadequate disclosure on the oil spill event 11 Recommendations for BP to get reputation back 13 Conclusion 14 BP Company Info BP is a global oil and gas company headquartered in London‚ United
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(a) Discuss on the importance of corporate social responsibility to business organisations. (20marks) The CSR activities will bring some benefits. Firstly‚ it would enhance the organization’s credibility and reputation. As for risk management‚ modern organizations implement risk management strategies to decrease or even eliminate the risk posed on the organization by a variety of practices associated to several potential threats. Organizations that have made strong efforts over the years
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CORPORATE SOCIAL RESPONSIBILITY Question 1: Discuss the CSR practices of any one organization of your choice. Answer Coca Cola India is the organization which has been winning the ‘Golden Peacock’ award for Environment Management many times. Hence I have selected it as the organization whose CSR practices I will be discussing here. The company proudly states its 120 year old history with its global presence in about 200 countries and 90‚500 associates. The company contributes not only to the
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