individual principles and ideals. Resultantly‚ ethical matters are not easy to put into effect and easy to overlook. Corporate social responsibility (CSR) is rapidly becoming one of the principles on which modern business is built (Hancock‚ 2004). Areas can be identified were improvements should be made‚ and use it for strategies in future business plans. CSR refers to the economic‚ legal‚ ethical and discretionary responsibilities (Carroll & Buchholtz‚ 2000; Swanson‚ 1995). The organisations are furthermore
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CSR & Sustainability Case Study The LEGO Group CSR & Sustainability Case Study The LEGO Group Introduction The LEGO Group is a privately held company based in Billund‚ Denmark. It was founded in 1932 by Ole Kirk Kristiansen‚ initially a small carpenter’s workshop (Lego Group‚ 2011). It has since grown into a modern‚ global enterprise that is now‚ in terms of sales‚ the world’s fourth-largest manufacturer of toys (Keynote‚ 2010). The LEGO Groups core product is a line of plastic
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Corporate Social Responsibility (CSR). Some may debate that it decreases company’s profits by spending much money on CSR. However‚ according to Needle (2004)‚ ‘good’ CSR is also good for business‚ a firm could benefit from doing CSR. Thus‚ this paper aims to explain its importance. It begins with the definition of CSR and its four responsibilities‚ then presents how it influences a business and benefits it can bring. Finally‚ I am going to describe strategic CSR and discuss why firms have social
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PR…………………………………………………………....2 Public Relations and CSR……………………….................3 CSR and stakeholders’ expectations……………................3 Evolution of CRS and different concepts……….................5 Role of PR firms and PR tools for CSR……………...........6 The impact of CSR on business and society…………........6 Practices on CSR between businesses………………..........6 CSR management skills……………………………….........7 Convergence and Transparency of CSR Practices and tools……………………………………………………..
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otherwise known as CSR‚ has been defined as the continuing commitment by businesses to contribute to economic development while improving the quality of life of the workforce and their families‚ as well as the local community and society. Studies have shown that businesses can no longer ignore communities within their areas of operations otherwise they risk harmonious coexistence. For many companies‚ managing CSR is no longer seen as an extra cost or burden. Rather‚ CSR is increasingly viewed
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a major hindrance that stops organisations in practising CSR a) No knowledge about CSR b) Inadequate financial resource c) No relevant experience and skill d) Others__________________________ Which of the following factors are the major limiting factors in your way to CSR Breadth of CSR not defined Government regulations Financial limit of CSR not defined Philanthropy can’t be measured B1. Does your company engage in CSR initiatives (by this we mean managing corporate activities
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Trade Unions in the TNC Supply Chain and their relationship with the CSR movement Case Summary ESRC/Case study/B/1 Chinese enterprises are essentially passive players at the sharp end of CSR in China. They are in a position of having to juggle between the different factors governing the development of industrial relations in China‚ including trade union reform. In this often tense dynamic‚ CSR is seen as an external factor and trade unions an internal factor. These two factors have an impact
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Explain both the general principles of Utilitarianism and the distinctive features of Mill’s Utilitarianism. Utilitarianism is a teleological and consequentialist theory as it focuses on whether an action is good or bad depending on the outcome‚ regardless of what the act may be. For example an act could be a horrible one‚ i.e. murder but if it brings about a good consequence it’s seen as a good act. J. Bentham devised the greatest happiness principle which states that an action is right if it results
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Words count : 3244 Contents Executive Summary 1. Introduction 2. Literature Review on CSR 2.1 CSR Theories and Strategies 2.2 CSR Challenges and Issues 2.3 Summary of Key CSR Elements 3. Ryanair CSR Audit 3.1 Company Background 3.2 CSR Audit of the company 4. Analysis and discussion of the company CSR performance 5. Strategies CSR recommendations for the company 6. Conclusion 7. References Executive Summary Aim of
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sIMPACTS OF CSR : 1)ON BUSINESS COMPANY: a.ENSUREMENT OF WORKERS’ RIGHTS AND BENEFITS: By implimenting csr‚the company has ensured workers’ rights and benefits and their is no need to create a collective labour agreement and maintain existence of a trade union. b.PROTECTION FROM PROTESTS AGAINST THE INDUSTRIES: The responsibilities towards the emplyees are well fulfilled by the company by satisfying them and so the employees need not to protest against the industries. c.RELATIONSHIP BETWEEN
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