Two main theories dominate discussion of corporate responsibility: stockholder theory and stakeholder theory. Stockholder theory maintains that profit for stock owners represents the main moral obligation of the corporation. Stakeholder theory takes the view that groups other than the stockholders‚ such as the community at large‚ have a vested interest in the management of the corporation. The types of corporate social responsibility typically align with the stakeholder theory that corporations have
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� INTRODUCTION: _"There is a big disconnect between the vast potential of the global economy and what it does for ordinary workers. Finding solutions to these new global realities is very difficult but not impossible; it just requires some hard thinking and some hard decisions. Where are the leaders with the vision to take up the challenge?"1_ The keywords in the above excerpt are "workers"‚ "solutions"‚ "leaders" and "challenge". Nike Inc.‚ the world _LEADER_ in the athletic footwear‚ apparel
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Corporate Social Responsibility We live in an increasingly complex and sceptical world full of corporate scandals‚ stock market downturns‚ an uncertain economy. All these things have diminished trust in the corporate sector and its leaders. Stakeholders have become more critical‚ especially when they hear about drilling activities in Nigeria and Greenpeace campaigns against a firm. Companies need to address this by demonstrating their positive impact on society and by taking appropriate measures
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What is Corporate Social Responsibility (CSR) and Sustainable Business? A Definition of CSR Corporate Social Responsibility (CSR)‚ Corporate Responsibility (CR) or Sustainable Business are commonly heard‚ but rarely understood‚ phrases. So what does it all mean? CSR is the process of assessing an organization’s impact on society and evaluating their responsibilities. CSR begins with an assessment of a business and their: * Customers * Suppliers * Environment * Communities
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Today‚ Corporate Social Responsibility (CSR) is much wider concept than just donations and philanthropy. It is viewed as a way of doing business‚ identified with the strategies and standards of business conduct that companies follow in their business. While focused on creating shareholder value‚ the companies seem to be equally focused on CSR for various reasons like - attracting socially responsible investors‚ customer group‚ marketing‚ branding‚ enhanced employee relations and Tax incentives.
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Title | Social Media & Corporate Commerce | Assessment A‚ Part One - Examining the Use of Social Media and its Impact on Corporate Commerce | | Digg_Con: Ability to receive instant feedback from product demographic Digg_Con: Mobility - viewing on a cell phone adds to the audience | | | Digg_Pro: Not a good way to build buzz in the beginning | | | Facebook_Con: Security - possible transmission of untrustworthy links Facebook_Con: Mobility - viewing on a cell phone adds
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Corporate Sustainability Reporting (CSR) The Organization Setting : The company(Fictious) I am working has grown in Market share of $10 Million dollars .As a Financial Analyst ‚ I am sending a Executive Summary to our Organization Head on the need for a Corporate Sustainability Reporting. Introduction A Sustainability Report essentially sums up a company’s propensity to develop while reconciling contemporary environmental‚ social and economic demands - the "Triple Bottom Line (People‚ Planet
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Corporate Social Responsibility Being a company that prospers is very much different than a company that is consistently following a guided work ethic while making revenue. Companies these days may participate in under the table schemes or anything to make that extra buck. Very a few industries willingly follow corporate social responsibility. Corporate social responsibility (which will now be referred to as CSR) is a business firm’s intention‚ beyond its legal and economic obligations‚ to do the
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quarter of its South Asian plants.And in 2005 Nike returned to report its social and environmental practices. It said that staffs and employees work in a poor environment .Between 25% to 50% of its employees and staffs in the region restrict access to toilets and drinking water during the workday. Besides ‚ a lot of staffs have to work for extra hours per week and wage level is lower than other industries. These kind of social and environment issues not only happen in Nike ‚but also in many other industries
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Introduction Corporate Social Responsibility represents not just successful enterprise but also thinking on social andenvironmental aspects. Corporations must include the social and environmental aspects to the activities which leadtowards making profit. Corporate Social Responsibility answers the requirements of both the customers and personswho are co-operating with them in business activities. Corporate Social Responsibility positively affects the whole of society and regulates its impact on
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