Overview What responsibilities do businesses have? Who takes priority when decisions are made? Are shareholders the most important to consider‚ or is it the customer? Should a company simply meet the required regulations‚ or attempt to go above-and-beyond the requirements? All of the questions involve corporate social responsibility. Corporate Social Responsibility can be defined as “the continuing commitment by business to behave ethically and contribute to economic development while improving
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Corporate Social Responsibility (CSR) is defined as “situations where the firm goes beyond compliance and engages in ‘actions that appear to further some social good‚ beyond the interests of the firm and that which is required by law’.” (McWilliams‚ 2006) This cultural ideology includes less environmentally harmful manufacturing processes‚ recycling programs‚ products with environmentally-friendly technologies‚ employee empowerment regarding socially responsible practices‚ and active involvement
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Title: Corporate Social Responsibility Submitted By Karthick.N II MBA BSMED Contact Details: E- mail: pmnkarthick@gmail.com Mobile: 9382363738 1 INTRODUCTION Corporate Social Responsibility embraces the range of economic‚ legal‚ ethical and discretionary actions that affect the economic performance of the firm. CSR is a key element of business strategy. In words of The Economist‚ it is “just good business” strategy strives to provide the business with the source of sustainable
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Chapter 1: Corporate Social Responsibility (CSR) • Definition o How the action and conduct of corporation affect society. Corporate have the duty to improve and protect society through the business. • Four Different Perspective o Economic Responsibility: Maximize profits. Fair pricing and quality products. Stakeholders in Corporation: Shareholders. Employee. Upper Management. Customer/Consumer. Vendors/Supplier. The key is to be able to balance and decide which
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RESEARCH ARTICLE Social Responsibility towards Labour Welfare in Singareni Collieries Company Limited 1 P. Swapna* ABSTRACT This attempts at addressing the aspects of social responsibility of the business in light of labour welfare with special reference to Singareni Collieries Company limited. The linkages and the ethical considerations involved in employee welfare have been addressed with implications for labour welfare. The concept of social responsibility in its narrow contours has
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Q. Corporate Social Responsibility is one of the hottest issues in corporate boardrooms these days‚ partly because it is becoming increasingly important to employees and other stakeholders. In your opinion‚ why have stakeholders given CSR more attention recently? Does abiding by CSR standards potentially cause companies to have conflicting objectives with some stakeholders in some situation? Yes. It is very much true that CSR is one of the hottest and limelight issue in corporate world. Organization
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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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What does it mean to be a virtuous company? In fact it is a hard question for all the people who involved in doing business. 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
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Reading for 8-21-12 * Introduction * Ethics‚ morals‚ and professionalism * Some central themes * Conflicts of interest‚ truthfulness‚ duties to clients versus duties to the justice system‚ personal and professional interests versus fiduciary obligations‚ self-interest‚ lawyers as employees/institutional pressures on ethical judgments‚ and the changing legal profession REGULATION OF LAWYERS * Institutions that regulate lawyers * The highest state courts‚ state
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’s success. Howard Schultz has been awarded for his zealous pursuit of fairness in regards to the company ’s employees‚ customers‚ suppliers and the like. I ’ll start with company ’s mission statement and finish with a couple of the acts of good corporate citizenship that Starbucks has involved itself in. Starbucks ’ Mission Statement: In early 1990‚ the senior executive team at Starbucks went to an off-site retreat to debate the company ’s values and beliefs and draft a mission statement. Schultz
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