What is Corporate Social Responsibility? In an age in which environmental and social issues are top of mind for many consumers‚ businesses can no longer exist in a bubble. Today’s shoppers aren’t just looking for the best price and quality — they expect the companies they patronize to do good with their dollars and make a positive impact on the world around them. To this end‚ many organizations are now making social responsibility a top priority. Corporate social responsibility (CSR) refers to a
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Social Responsibility of Whirlpool Corporation Whirlpool Corporation is a global manufacturer and marketer of major home appliances‚ with annual sales of more than $18 billion‚ more than 73‚000 employees‚ and nearly 70 manufacturing and technology research centers around the world. The company’s family of brands‚ including Whirlpool‚ Maytag‚ KitchenAid‚ Jenn-Air‚ Amana‚ Brastemp‚ Bauknecht‚ Consul and other major brand names to consumers in more than 170 countries. Whirlpool Corporation is
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Introduction to Capital Adequacy Norms Along with profitability and safety‚ banks also give importance to Solvency. Solvency refers to the situation where assets are equal to or more than liabilities. A bank should select its assets in such a way that the shareholders and depositors’ interest are protected. Image Credits © light_breeze2010. 1. Prudential Norms The norms which are to be followed while investing funds are called "Prudential Norms." They are formulated to protect the
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Corporate Social Responsibility CSR is a win- win opportunity for companies‚ financial investors and society at large * Corporate Social Responsibility * “CSR is about how companies manage the business processes to produce an overall positive impact on society.” Business has a responsibility to give it back to society * Corporate Social Responsibility Corporate social responsibility (CSR): * An obligation‚ beyond that required by the law and economics‚ for a firm to pursue
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Social Responsibility and the Community The American Red Cross prevents and alleviates human suffering in the face of emergencies by mobilizing the power of volunteers and the generosity of donors. United Way improves lives by mobilizing the caring power of communities around the world to advance the common good. Involvement Responds to 70‚000 natural and man-made disasters in the U.S. Supports Military Families Health and Safety training Lifesaving Blood Donations International help
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dimishes the necessity of a common and shared territorial basis for social economic and political activities‚ processes and relations Globalization include cultural‚ legal and accountabiliy issues for business ethics Who are the key actors and stakeholders? Environmental pollution and destruction of local cultures Many companies have sustainability statements We need to combine the economic‚ social and environmental – therefore we focus on the triple bottom-line as
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swollen‚ and then expect it to plow a field the next day. Yet‚ this is what the slave owners expected from their slaves. In saying this‚ there has been debate about it being the cultural norm‚ and it is true that this is what many of the slave owners would have been raised to do all of their life. This was definitely the norm for the time era‚ but Mary Prince talks about how different slave owners treated her differently. I’m curious if people would discuss how they treated their slaves‚ and if people that
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Breaking The Norm A norm is something that is usual‚ typical‚ or standard of something in society. Some examples of a norm are going to school‚ taking a bath‚ sleeping at night‚ wearing clothes in public‚ and eating breakfast lunch and dinner. All those things are stuff we do in our everyday lives and don’t think about it‚ we just do it because it is normal and it has been taught to us since we have been very little. If you end up breaking the norm though‚ people will look at you differently and
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Jaime Nightingale Social and Ethical Responsibilities of Apple and Nike Corporate Responsibility Acts In the corporate world‚ companies must act responsibly in ways that go beyond the general goal of making money. Social and Ethical responsibility has grown from years before and has became a priority to growing companies in America. Meaning that the company must follow general rules such as consider broad impacts of their decisions and who they’re going to offend and that the corporation must
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Introduction Different parts of the world have their own cultures‚ and in these cultures there are certain “cultural norms”. Many people decide they would like to go out of a familiar area to study what these “cultural norms” are‚ but the hardest cultural norms to identify‚ are the ones in one’s own culture. For this experiment‚ I decided to sit at a sports bar and see how different groups of people would react to being at a restaurant with multiple NFL games on different televisions. I predicted
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