Business Ethics Corporate Social Responsibility Definition Corporate social responsibility (CSR‚ also called corporate conscience‚ corporate citizenship‚ social performance‚ or sustainable responsible business/ Responsible Business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms
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What is CSR? Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic‚ environmental and social imperatives (“Triple-Bottom-Line- Approach”)‚ while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction
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CSR IMPLEMENTATION A. Short history of CSR In the global context‚ the term CSR into use since the 1970s and increasingly popular‚ especially after the attendance book Cannibals With Forks: The Triple Bottom Line in the 21st Century Business (1998)‚ by John Elkington. Developing three essential components of sustainable development‚ namely economic growth‚ environmental protection‚ and social equity‚ which was initiated by the World Commission on Environment and Development (WCED) in the Brundtland
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his point; Psychologist have then took this experiment and examined it to determine that utilitarianism can be used to demonstrate the thought process of those in the experiment‚ and deontology can be used to justify the thought process the participants had. To begin to understand how utilitarianism and deontology come
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In this section we will look at deontology and consequentialism A Consequentialist theory is if the consequences are good‚ the action is right‚ if they are bad‚ the action is wrong and it base on the outcome of the action it is maximise happiness and minimise pain and it will depend of the consequences of the action it will get the greatest number even if the action is immoral but it can get a greatest number of happiness. Go back to AWB scandal in this case nothing forces them to do that they can
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workplace. With all of these facts provided‚ Microsoft has been the leading conglomerate of having the best CSR. They have actively helped small businesses by purchasing
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Name of the Student: Varma Ankita Surendra. Roll no. 013 SR NO. PARTICULARS PAGE NO 1. INTRODUCTION OF CORPORATE SOCIAL RESPONSIBILITY 2. FORMS OF CORPORATE SOCIAL RESPONSIBILITY 3. ITC Limited Corporate Citizenship 4. CSR philosophy of ITC 5. E-Choupal 6. About ITC-Inter Business 7. Social & Farm forestry 8. Farm Forestry and Land Improvement 9. Integrated Watershed Development 10. Integrated Agricultural Development 11. Livestock Development 12. Integrated
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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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of distress‚ it can help to negate or reduce the potential negative influence on their performance. CSR orientation of banks can be a useful tool for them to tide over such crises in future‚ if banks maintain their relationships with stakeholders in making their businesses more sustainability. CSR‚ among other things‚ is a key stakeholder relationship building activity. It was also found that the CSR brand does reap more relationship benefits from its social initiatives than do its competitors indicating
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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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