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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This paper aims at explaining the overall importance of Corporate Social Responsibility (CSR) by explaining the theoretical basis of the triple bottom line concept (TBL). This concept assumes that sustainable development can only be achieved by simultaneous implementation of environmental‚ economical and social objectives. Furthermore it will contain a brief comparison of two companies with different CSR strategies. The Koninklijke Philips N.V. will be used to explain the social criteria of the
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3.6 CSR in British Petroleum Academics‚ government officials and business leaders focus prominent attention on the concept of CSR‚ specifically in the special province of environmental protection. British Petroleum (BP) has won acclaims and awards for CSR. But Swaminathan S Anklesaria Aiyar (Times of India‚ Bangalore edition 2010) argued in his article that BP has created the greatest environmental disaster in history which includes its out-of-control Macondo deep-sea well. Gulf of Mexico oil leak
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CSR Analysis and Impact on Operations Nike has a Code of Business Conduct and Ethics that includes its commitment to the environment and is a signatory of the UN Global Compact. Nike has created a team of sustainability managers led by an independent director. Its environmental goals include producing ’eco-friendly ’ products and minimizing its environmental impact through the reduction of greenhouse gases‚ organic solvents and PVCs. Nike acknowledges the difficulty of tracking environmental
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Nike’s CSR Challenge Case Study In 2005 after reporting on its widespread abusive treatment in factory plans Nike’s came back to report on its social and environmental practices. Some of the Challenges that Nike and other apparel industries face in its supply chains around the World are many. Companies like Nike needs to consider people‚ planet and profit from now on. Nike understood as well as other competitors that seeking good societal relations should be seen as both good to society and
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effects of the fast food industry. Eric Schlosser wrote the book “Chew on This” in 2006‚ to open oblivious people eyes and show them the truth about the fast food industry. The U.S Department of Health and Human Services should know how the fast food industries has a negative impact towards the community. They manipulate kids by using advertisements‚ violating animal rights and their is human health concerns we should be aware of. Animal cruelty in the fast-food industry is a common problem
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results towards business‚ environment and society (CSR Singapore Compact 2005). Implementation of corporate social responsibility concept within the businesses means the businesses will always try their best to give positive outcomes to the society‚ which give satisfaction to the people and may build a good reputation to the company. The three main responsibilities and roles usually discussed are in the perspective of business‚ social and environment (CSR Singapore Compact 2005). Despite the fact that
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socially responsible”. This is why a company like Nokia‚ invested so much in other to see changes reflected in the way they do business in the community where they operates and changes in the mobile industry. The transformation is noticeable as Nokia has brought a lot of innovation to the mobile industry and in the process of investing and influencing this change‚ there are specific areas where the company will always face issues and the degree of challenges defers depending on the region where it’s
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previously used PVC to change the material used for the its most famous chair (OGLA). IKEA also started to connect with private and governmental organization and understanding how to comply and even help enforces its laws such as UN / UNCEIF /ILO… The CSR issue IKEA faces is that it has been accused of using suppliers which are abusing children as labor in India. This was a very big challenge for IKEA as this is not the first time it faces this issue. In 1994 there was a recent law by U.N which forbid
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UNIVERSITY of SAN CARLOS College of Commerce Executive Masters in Business Administration NO MAN IS AN ISLAND Reflections on the Social Initiatives of Businesses (Corporate Social Responsibility) In partial fulfilment of the course requirements in EMBA 213(Business Ethics and Corporate Social Responsibility) Submitted By: SHERANILE A. YLANAN Student Submitted To: DR. RENE PAQUIBOT Facilitator No Man Is an Island Lyrics Artist(Band):Joan Baez No man is an island
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