The World Business Council for Sustainable Development defines CSR as ‘the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.’ Marks and Spencer are the UK’s leading retailer of quality clothing‚ food and home products with over 21 million UK customers. They have a team of 78‚000 employees and over 2‚000 suppliers. In January 2007
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same thing to everybody.” (Votaw‚ 1972‚ p.25) and from my understanding of the concept‚ CSR to me is “The voluntary business activities within the boundary of law that contributes to the wider community for a more sustainable environment”. Since everyone has a unique interpretation of CSR‚ the range of relevant CSR practices across businesses has been quite diverse as there is no such thing as features of CSR (Marcel van Marrewijk‚ 2003). Rising environmental and social concerns in recent years have
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BUILDING A CSR INDEX In our CSR index‚ companies would be judged in 6 key assessment areas. Not only should the company have formulated goals or CSR targets but also achieved them within the stipulated period of time for a maximum score. The 6 key assessment areas are as follows: ASSESSMENT AREAS 1. ENVIRONMENT: This assessment area includes the physical surroundings in which the company operates including waste disposal techniques‚ energy saving initiatives‚ or climate change. POINTS OF
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child then she is in effect impeding on the child’s right to the same happiness. Of course‚ in following with the deontology theory we must remember that we treat everyone as an end in themselves and not a means to an end. Since an unborn child is a human and taking a human life is wrong then abortion is wrong. By killing a human being‚ even an unborn human being‚ the mother is treating that life as a means to an end for herself‚ not as an end in itself. The killing of that human being is a means
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First of all strategic CSR has to be differentiated from ethical and altruistic. Ethical CSR can be defined with the help of Caroll ’s pyramid of corporate social responsibility (Crane&Matten‚ 2003). It covers the fulfillment of the three basis parts: economic‚ legal and ethical responsibilities. This means that a company handles ethical CSR in a correct manner if it operates in accordance with the requirements of the stockholders‚ the government and society. Altruistic CSR handles the top of the
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Utilitarianism and deontology are two moral theories that can often pull us in different direction. Utilitarianism is the ethical doctrine that virtue is based on utility‚ and that conduct should be directed toward promoting the greatest happiness of the greatest number of persons. This can be viewed as a contingent right. Contingent means something that could happen or come up depending on other occurrences. An example of a contingent right is the unexpected need for a bandage on a hike. The bandage
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Ethics and corporate Social responsibility:- Ethics is defined as what is right and what is wrong. Every business should behave ethically. The moral principles that guide the way a business behaves are business Ethics. Ethics are moral guidelines to people or to an organisation which govern good behaviour. So behaving ethically is doing what is morally right. Doing an ethical business may always be not profitable but it will be more beneficial to company and the people involved in company as well
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utilitarianism‚ deontology‚ and virtue‚ I think the virtue theory is the most accurate of them all. The theory says a person is determined good or bad based on their character. I think that is most accurate because if a person is constantly acting badly‚ then they would be considered a bad person. If a person is constantly acting good‚ then they will be considered a good person. Looking at the other two theories‚ utilitarianism doesn’t seem wrong to me‚ but it isn’t very accurate. Deontology theory does
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(2012‚ Oct 10). Walmart worker strikes spread across the country. CBS news. Retrieved from http://www.cbsnews.com/8301-505125_162-57530082/walmart-worker-strikes-spread-across-the-country/ 5) Duke‚ M 6) Frederick‚ R. (1999). A companion to business ethics. (1st ed.‚ Vol. 01‚ pp. 145-146). Malden : Blackwell publishers. 7) Goudreau‚ J. (2011‚ Sep 11). Wal-mart to ’empower ’ women?. Forbes‚ Retrieved from http://www.forbes.com/sites/jennagoudreau/2011/09/14/wal-mart-to-empower-women/ 8) Hamilton ‚ S
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Business Ethics & Corporate Social Responsibility of “SONY Corp.” Index SR NO. CONTENT 1. INTRODUCTION 2. BUSINESS ETHICS 3. CSR ACTIVITIES 4. CONCLUSION Business Ethics Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire
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