The European Union defines Corporate Social Responsibility (CSR) as “a concept that an enterprise is accountable for its impact on all relevant stakeholders. It is the continuing commitment by business to behave fairly and responsibly and contribute to economic development while improving the quality of life of the workforce and their families as well as the local community and the society at large.” In broader terms‚ CSR means a collection of policies‚ programs and practices adopted
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Now that you know about the history behind the ethics we can go into the different ethical theories. There are quite a few but the ones we’re going to talk about are egoism‚ consequentialism‚ nonconsequentialism‚ rule-deontology‚ and non-moral value. Egoism is view that you are all that matters and so you make your choices based on you and what’s best for you. Egoist don’t care about anyone other than themselves and it shows in the choices that they make. Consequentialism‚ or utilitarianism‚ is when
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How to Implement CSR How organizations implement CSR depends on how they define it‚ whether as a moral obligation and a rational approach to stakeholder satisfaction. It serves best when it is part of organizations’ culture‚ planning‚ and management. It has implications for budgeting‚ return on investment‚ and measures of effectiveness. As mentioned above‚ public relations practitioners not only participate in the dialogue to define CSR standards but they also play a crucial role in helping markets
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indispensable part of great business and economic success. CSR has a pivotal role in generating bossiness and corporate image building too. in respect of contribution to country s economics growth apparel industry account for large export earning sector in Bangladesh thanks to its early boon in the 80 S and 90S and extra ordinary labors of hundreds of thousands of female workers .readymade garment sectors manufacturing units are increasingly pursing CSR as the path way to face global challenge of quota in
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Global Compact (training and nurturing partnership between companies by promoting good corporate citizenship). Pfizer generates more than 58 percent of revenue from international markets. Pfizer’s approach towards Corporate Social Responsibility (CSR) CSR according to csrnetwork.com‚ 2009 is about how a business “align their value and behaviour with the expectation and needs of stakeholder” in simple words it is a term that states that the company is for the people and it should be the priority of
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Operations Management: Why are operations the most vulnerable sector of any company when considering CSR? I. Introduction As globalization continues‚ the earth ’s natural processes transform local problems into international issues along with the development of international commercial activities. Few communities are being left untouched by major environmental issues and social problems. As one of the most active and influential elements of the human society‚ the business world has been
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introduction‚ followed by the main body that consists of three parts and finalised with the conclusion. Main body 1. Corporate Social Responsibility (CSR) Nowadays‚ companies in a free market economy are required to be trustworthy‚ demonstrate transparency and accountability as a consequence social responsibility has turned to be a key issue in their business ethics. Customers have become increasingly aware of how they want companies to behave: both ethically and at the same time contributing to economic
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ACC704 BUSINESS ETHICS & GOVERNANCE MAJOR ASSIGNMENT T1 2015 Topic: CSR Disclosure in Public Listed Companies Annual Report - Fiji Name: Sanjini Devi Singh ID: S2009003935 Declaration I hereby declare that this project was entirely my own work and that any additional sources of information have been duly cited. I hereby declare that any internet sources from which I have quoted or drawn reference have been referenced in the contents list. Name: Sanjini Devi Singh Signature: ………………
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A PROJECT REPORT ON “BUSINESS ETHICS & CORPORATE GOVERNANCE” ON “CSR of BMW Company” In the partial fulfilment for the award of the degree MASTERS IN BUSINESS ADMINISTRATION Under FOR THE YEAR :- 2014-15 [SEMESTER – IV] SUBMITTED ON :- 4 MARCH‚ 2015 TO :- PROF. DEEPA VYAS SUBMITTED BY :- [GLS1309] BHAVIR CHAUHAN [GLS1331] JAY PANCHAL [GLS1313] SANDIP CHAVDA [GLS1345] BITTU PAUL [GLS1316] ALIMOHAMMED CONTRACTOR [GLS1357] KARAN SHAH [GLS1362] RUSHIKESH
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Anthony B. Fielding Utilitarian‚ Deontological‚ and Virtue ethics The concept of utilitarianism is closely related to the philosophy of consequentialism. Basically this means that the moral and ethical value of a person’s action should be judged by the consequence of that action. Utilitarianism is believed to be the most important of the three ethical theories because it has helped shape our world’s politics‚ economics‚ and public policy. This ethical theory explains to us that we can
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