Corporate social responsibility Corporate Social Responsibility (CSR) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers‚ employees‚ shareholders‚ communities and the environment in all aspects of their operations. This obligation is seen to extend beyond the statutory obligation to comply with legislation and sees organizations voluntarily taking further steps to improve the quality of life for employees
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CORPORATE SOCIAL RESPONSIBILITY The term social responsibility means different things to different people. Generally‚ corporate social responsibility is the obligation to take action that protects and improves the welfare of society as whole as well as organizational interests. According to the concept of corporate social responsibility‚ a manager must strive to achieve both organizational and societal goals. Current perspectives regarding the fundamentals of social responsibility of businesses
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CORPORATE HISTORY. Akio Morita‚ Masaru Ibuka‚ and Tamon Maeda (Ibuka’s father- in- law) started Tokyo telecommunications Engineering in 1946 with funding from Morita’s father’s sake business. The company produced the first Japanese tape recorder in 1950. Three years later‚ Morita paid Western Electric (US) $25‚000 for transistor technology licenses‚ which sparked a consumer electronics revolution in Japan. His firm launched one of the first transistor radios in 1955‚ followed by the first
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The idea was to have a setting of Italian elegance‚ a personal treat and a social gathering spot.(Keller & Kotler‚2012). Starbuck has worked tremendously hard to store an image that it has become the most frequently visited retailer in United States with an average of 18 times a month (Kotler & Keller‚2012). Starbucks is known as a responsible company since it started its operation in 1971. It has been a leader in its social responsibility at giving back to its communities ‚ the environment and in
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Essay Question: To what extent is Corporate Social Responsibility beneficial to a company’s performance? In the 21st century‚ Corporate Social Responsibility (CSR) has become an important‚ if not essential‚ for businesses. In addition to basic law compliances‚ the focus of the consumers as well as the business world now include the impact the company has on the society and on the way they use recourses (Davis‚ 2010). CSR has become a contributing factor to a company’s financial performance. This
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Importantly distinguishing discontinuities that happen between home/community‚ and school‚ in relation to children’s education is crucial in a technological age of flux. It is vital‚ that disconnections of intellectualities and qualities of mind and character that separate individuals who are deemed ‘advantaged’ to those that are labelled ‘disadvantaged’ are illuminated and understood. In understanding some of the complex reasons in how people become educationally disadvantaged and in recognising
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chemical producer‚ Dow Chemical Company. Yet for all of industry ’s superficial acknowledgement of the need for environmental responsibility‚ no other organization has so completely focused on balancing financial‚ social and environmental results. Dow has incorporated a highly successful e-commerce strategy‚ not only for the benefits it can yield in business results‚ but also as part of its ongoing implementation and management of its Triple Bottom Line business model. Introduction "The ocean will
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theories of Corporate Social Responsibility that have flourished. These theories have help corporations to understand the importance of Corporate Social Responsibility. Other theories have provided an explanation of beneficial or damaging effects. Most importantly‚ each theory provides a different perspective on applying corporate social responsibility. Overall‚ corporations need to understand how both theories‚ Systems Theory and The Triple Bottom Line theory‚ relate to Corporate Social Responsibility
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Introduction of CSR Corporate Social Responsibility (CSR) has become a widespread topic in business issues and critical sector. In the fast fast companies are facing fast change and consumers always on the topic of traceability of food chain. Consumers and governmental organizations are increasingly focusing their attention on corporate social responsibility (CSR) practices. CSR research has evolved over the last 50 years (Carroll‚ 1999). CSR is divided as a four parts pyramid (Carroll‚ 1991).
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Chen Xi Su Wei Mei Han Zhao Wei Wang Mo Li Yinghan Tse Lai Sze Q2. 1. What are the main ethical issues for Professor Ballistico? Ethics is concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for any given situation. Some of the controversy regarding business ethics is no doubt due to different understandings of what constitutions morality or ethics in the first place. In this case‚ Ballistico is
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