contains a critical review of the concept of Corporate Social Responsibility (CSR)‚ which is one of strategy being adopted by businesses to address some of the challenges they confront in their external environment. This paper examines various arguments from proponents and critics of CSR. In addition‚ this paper examines the case of oil Multinational in Nigeria as way of ascertaining the validity of the different positions in the CSR debate. Introduction Historical evidence suggests that societal
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Responsibility CASE STUDY: THE ADIDAS GROUP. SUPPLIER TRAINING PROGRAMMES 1. Provide the STO. ADIDAS Group is so well-known in the world that there is a huge pressure from stakeholders to ensure that all employees and their companies have the same ethics and working conditions‚ properly licensed and operating. To meet the demands of stakeholders‚ they want to educate the workers that are not from Germany to work as the Germans people works so that the brand does not lose the identity. The training
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Introduction CSR is a situation where not only do firm’s care about profit maximization and wealth accumulation about take into consideration the needs of the society. According to Carroll (1979)‚ companies are expected to maximize profit‚ obey the laws of the land‚ operate in line with community norms‚ and do well in society beyond the society’s expectations. Today‚ CSR is becoming rational including the needs of the community‚ maximizing the profits and managing the stakeholders. Garriga and Mele
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Contemporary Science The effect of CSR initiatives on customer loyalty in the airline industry ROMAN ASATRYAN Department of Economics Tomas Bata University in Zlin Mostní 5139‚ 76001‚ Zlín CZECH REPUBLIC romankempo2002@yahoo.com Abstract: - Customer loyalty is one of the most essential consumers behaviours that firms endeavor to influence through the use of Corporate Social Responsibility (CSR) as a marketing tool. Over the years‚ researchers have studied the impact of CSR in direct relationship to customer
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Theories of Ethical Judgment There are three approaches related to ethical judgment for public officials. They are consequentialism/utilitarianism‚ deontology/Kantianism‚ and virtue ethics. These approaches have several differences between each other. There are three main differences between consequentialism/utilitarianism and deontology/Kantianism. Firstly‚ the main principle in former approach is the maximum utility (good consequence) for all affected parties/people while the main principle in
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company‚ they found that the average CSR decreased during their 15 year time period. “ Although anecdotal evidence suggests that CSR is rapidly becoming commonplace within U.S. corporations‚ our findings have a somewhat mixed message. Although U.S. companies have significantly increased their CSR strengths during the past 15 years‚ CSR concerns appear to have proliferated during the same period‚ and many remain unaddressed. The net result is that our measure of net CSR strengths (strengths minus concerns)
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Challenges in implementing CSR Corporate Social Responsibility can be separate into internal dimension and external dimension. Internal dimension and external dimension Internal dimension focuses on organizational practices with respect to internal stakeholders that should be aligned to corporate social responsibility standards. It includes human resource management‚ safety and health‚ environmental impact and corporate change. External dimension focus on an organization practices towards external
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Deontologists don’t have a great deal of tenets. Now and again‚ this gives them a decent lot of flexibility. Since their standards prohibit or require just certain activities‚ different activities are accessible to them. A deontologist could never say‚ "It regards save the rain woods." After all‚ protecting the rain backwoods is about outcomes and that is not what a deontologist takes a gander at. So the deontologist may have the capacity to hack away and not feel regretful. Deontologists may state
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4 Approaches to CSR Corporate social responsibility is the management’s obligations to make choices and take actions that will contribute to the welfare and interests of society as well as the organization. CSR can be a difficult concept to be understood because different people have different beliefs as to which actions improve society’s welfare. To make matter worse‚ social responsibility covers a range of issues‚ many of which are ambiguous with respect to right or wrong. Eg. Kmart declare bankruptcy
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Earth Our most important stakeholder Dabur India Limited Business Responsibility Report 2011-12 SEBI has mandated to submit report on ‘National Voluntary Guidelines on Social‚ Environmental & Economic responsibility of Business’ as issued by the Ministry of Corporate affairs‚ which requires businesses to embrace ‘People‚ Planet‚ Profit’ approach in a sustainable manner. For this‚ 9 Principles with their respective Core Elements are suggested to be implemented in the core business processes
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