the community. Ethical issues As stated in Alec‚ Gonca & Efe’s (2011) journal‚ “the evolution of Corporate Social Responsibility (CSR) and the concept of Corporate Sustainability (CS) have converged resulting in a similar objective of achieving the balance between economic prosperity‚ social integrity and environmental responsibility” (Alec‚et al.‚ 2011). CSR is the concept coined to describe how organizations now consider the welfare of the people by being responsible for the impact of their
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Hopkins (2003) stated that Corporate Social Responsibility (CSR) “is concerned with treating the stakeholders of a company or institution ethically or in a responsible manner.” The fundamental role of any organisations is to protect all stakeholders; within or outside the company while keeping in mind the main reason for undertaking business activities; making profits. INTRODUCTION In 1970‚ Friedman stated that Corporate Social Responsibility (CSR) “hypocritical window-dressing”. Friedman (1970)
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CSR Case Studies: Coca-Cola 1. Why did Coca-Cola Vietnam chose to work on water projects? Coca Cola is a beverage company‚ a major consumer of water resources‚ it uses 2.43 liters of water to produce just 1 liter of beverage which makes it prone to criticism and consumer boycotts so to protects its brand image and defend its vision statement‚ which said be a responsible citizen‚ and run its business smoothly it decided to start water program to maintain its operations in Vietnam and build a CSR
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PRINCIPLES OF MANAGEMENT Corporate Social Responsibility CASE STUDY: THE ADIDAS GROUP. SUPPLIER TRAINING PROGRAMMES 1. Provide the STO. ADIDAS Group is so well-known in the world that there is a huge pressure from stakeholders to ensure that all employees and their companies have the same ethics and working conditions‚ properly licensed and operating. To meet the demands of stakeholders‚ they want to educate the workers that are not from Germany to work as the Germans people works so that the
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Actually‚ our first choice was Pixar. Recently this company became the most famous animation company in the world‚ but other groups also chose it‚ so we had to change. We researched about successful cases in enterprise management and uniqueness. Finally we found a company‚ Benetton‚ which fits our requirements. Benetton is well known as a big company in fashion‚ but its beginning was very shabby and unique in character‚ and history. Benetton is a typical family business. Four Benetton brothers
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Introduction CSR is a situation where not only do firm’s care about profit maximization and wealth accumulation about take into consideration the needs of the society. According to Carroll (1979)‚ companies are expected to maximize profit‚ obey the laws of the land‚ operate in line with community norms‚ and do well in society beyond the society’s expectations. Today‚ CSR is becoming rational including the needs of the community‚ maximizing the profits and managing the stakeholders. Garriga and Mele
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share. By dominating the market‚ Baidu becomes one of the most successful IT companies. . However‚ by applying Carroll’s three dimensions model of CSR with combining stakeholder management approach into the corporate social performance assessment‚ it is questionable to say whether Baidu is qualified to be a good corporate citizen. As Baidu’s CSR report doesn’t reveal the most critical issues or related solutions‚ such as censorship and key word bidding promotion system. By implementing four
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practise‚ as it could possibly help to create a competitive advantage to gain market shares. Ethics problem which Nike facing was a boycott of their products in the 1990’s because they used child labour in Cambodia which was completely unethical. In case of Adidas its uses sweatshops in Indonesia‚ Philippines and China which was highlighted before the London 2012 Olympic Games‚ with allegations that included 65 hour weeks for very low pay and physical and verbal abuse of their employees. Despite this
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CSR and globalization Corporate social responsibility is at least in its name and formal recognition a relatively recent phenomenon. Yet‚ owners and managers of firms have engaged in activities that we would now consider CSR almost from the beginning of the industrial revolution (Davis‚ Whitman and Zald‚ 2006). But‚ until the 1990s‚ CSR was generally limited to corporate philanthropy. It is from the early 1990s that enlarged concepts and practices of CSR have come to the fore. What drove these
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results towards business‚ environment and society (CSR Singapore Compact 2005). Implementation of corporate social responsibility concept within the businesses means the businesses will always try their best to give positive outcomes to the society‚ which give satisfaction to the people and may build a good reputation to the company. The three main responsibilities and roles usually discussed are in the perspective of business‚ social and environment (CSR Singapore Compact 2005). Despite the fact that
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