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 soft drink industry but also to the economy
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BRAC Bank started its journey on 4th July‚ 2001 as a private commercial bank focused on Small and Medium Enterprises (SME). In just a decade‚ the Bank has become a leading bank in Bangladesh‚ keeping its core focus in SME yet becoming one of country’s leading financial hypermarket. Today BRAC Bank holds a dynamic network of 157 branches‚ 400 SME unit offices‚ 500 Remittance Delivery Points‚ nearly 350 ATMs and 14 Financial Kiosks across the country. The stakeholders of the bank are BRAC‚ the largest
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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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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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otherwise known as CSR‚ has been defined as the continuing commitment by businesses to contribute to economic development while improving the quality of life of the workforce and their families‚ as well as the local community and society. Studies have shown that businesses can no longer ignore communities within their areas of operations otherwise they risk harmonious coexistence. For many companies‚ managing CSR is no longer seen as an extra cost or burden. Rather‚ CSR is increasingly viewed
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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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relevant is CSR in todays business agenda? Corporate Social Responsibility is described as being a company’s ethical‚ economic‚ environmental‚ social and legal attitude towards its stakeholders in order to establish long-term success (Crane at el‚ 2008). These issues have come to have an important role in the running of a business in recent years. CSR was developed over a number of years and has been researched by professional economists. There are many arguments in favour of and against the CSR strategy
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The Republic of the Philippines’ textile industry was established in the 1950s under the principle of import substitution industrialization‚ which promotes producing goods domestically rather than importing them from other countries. The textile industry comprises fiber production and the manufacturing of yarn‚ fabric and textile end-products. It consists of two sectors: the primary processing sector‚ comprising spinning‚ twisting‚ weaving‚ knitting‚ dyeing and finishing; and the secondary processing
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Infosys was founded on 2 July 1981 by seven entrepreneurs‚ Nagavara Ramarao Narayana Murthy‚ Nandan Nilekani‚ Kris Gopalakrishnan‚ S. D. Shibulal‚ K Dinesh and with N. S. Raghavan officially being the first employee of the company. The founders started the company with an initial investment of INR 10‚000.[6] The company was incorporated as "Infosys Consultants Pvt Ltd." in Model Colony‚ Pune as the registered office.[7] Infosys headquarters in Bengaluru‚ India Infosys went public in 1993
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confidential Employee Assistance Program with professional counseling service to help employees address personal or work-related concerns. Those above activities are some of the example of corporate social responsibilities (CSR). These are mainly focus on the Society side of CSR. In its 2007 International Good Practice Guidance‚ "Defining and Developing an Effective Code of Conduct for Organizations"‚ the International Federation of Accountants provided the following working definition: "Principles
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