Lesson 4 Social Responsibilities of Business You know that business is an economic activity‚ which is carried out on a regular basis to earn profit. However‚ you must have seen businessmen spending money on different aspects‚ which is not going to give them any profit straightway. For example‚ you must have seen businessmen maintaining and developing gardens and parks on streets and squares in cities. Some businessmen engage themselves in research for improving the quality of products; some
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Stakeholder theory has been articulated in a number of ways‚ but in each of these ways stakeholders represent a broader constituency for corporate responsibility than stockholders. Discussions of stakeholder theory invariably present contrasting views of whether a corporation’s responsibility is primarily (or only) to deliver profits to the stockholders/owners. Milton Friedman’s (1912-) now-famous pronouncement that the only social responsibility of corporations is to provide a profit for its owners
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Swedish University of Agricultural Sciences Faculty of Natural Resources and Agricultural Sciences Department of Economics iiiii Corporate Social Responsibility (CSR) Theory and Practice in Pakistan Syed Kamran Hameed Master’s thesis · 30 hec · Advanced level Degree thesis No 634 · ISSN 1401-4084 Uppsala 2010 ii Corporate Social Responsibility (CSR) Theory and Practice in Pakistan Syed Kamran Hameed Supervisor: Karin Hakelius‚ Swedish University of Agricultural Sciences (SLU) Department
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continuously sought to expand and diversify‚ making it a fascinating subject for analysis‚ particularly in CSR terms. The purpose of this essay is to give a brief cross-sectional view of the industry as it stands today by detailing the nature of the industry with the dynamics‚ the characteristics of the market‚ by describing the different stakeholders in the sector and finally by talking about the external environment. Description of the business Importance of the business The importance of the sector
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Perhaps corporate social responsibility (CSR) can answer for that question clearly. By applying CSR into business‚ organizer can reduce a lot of risks which are linked to the issue of social‚ environmental‚ and money. However‚ not everyone care about that. There are a lot of costs and benefits of CSR if company does not provide a CSR policy in their organization. This paper will analysis the costs and benefits of CSR and why organization seek to promote demonstrate sustainable and ethical business practices
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POLYTECHNIC UNIVERSITY OF THE PHILIPPINES COLLEGE OF ACCOUNTANCY STA. MESA‚ MANILA CORPORATE SOCIAL RESPONSIBILITY AND GOOD GOVERNANCE NORTHERN CEMENT CORPORATION Group 5 Bergonia‚ Noel A. Labiste‚ Janet T. Manarang‚ Shalla Marie C. Maestrecampo‚ Diana A. Miguel‚ Sherelyn A. Mora‚ Angelina G. Rance‚ Sarah Jane M. BSA H 3-2D PROF. GLORIA TOLENTINO-BAYSA PUP‚ CoA INTRODUCTION One of the important components in constructing a house is cement. It binds the materials to build houses
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Company Q and Social Responsibility EST1 Evaluation Company Q’s attitude toward social responsibility reflects a negative reputation on them as a corporation in their current community. The geographical location in a major metropolitan area should sustain the business with a solid consumer base and maintain reliance of current investors. However‚ they closed two stores in high crime areas for consistently losing profits‚ waning investor trust and damaging employee faith. The decision to close
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Two: American Red Cross LS 618 Stacie L. Marquis Organizational Background and History Stop «»The American Red Cross is dedicated to helping people in need throughout the United States. Most of the country may not realize how much the Red Cross accomplishes this noble calling through the dependency on the generous contributions of time‚ blood‚ and money from the American public to support their lifesaving services and programs. The American Red Cross also partners with other Red Cross networks
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Business Ethics and Social Responsibility Introduction | Ethics | Code of Ethics | Social Responsibility | Social Audit | | Introduction | | The world of business is a melting pot of diverse cultures. With the present technology‚ the distance between business locations has become virtually borderless. Different backgrounds produce different understandings of very basic concepts‚ like what is right and what is wrong. Simply stated‚ right versus wrong is the definition of ethics. The challenge
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Essay: Why are ‘Corporate Social Responsibility’ strategies important for enterprises? Prof. Dr. Jose M. Magone LV 400591.01 Work‚ Business & Society Berlin‚ 2011 Abstract Nowadays‚ the importance of social responsibility activities is growing awareness for companies.It is directly related to your business and if you want to have long term business success‚ you have to create value for the society.People are aware of the social and environmental problems
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