FINAL EXAM PAPER CSR and the Future of Corporate Accountability As is the case with most anything of any interest‚ the deeper you look into Corporate Social Responsibility (CSR) the more difficult it is to define. And as long as it remains difficult to define‚ it will be difficult to communicate and enforce. Part of the difficulty lies in the fact that one is faced with a series of questions related to corporate social responsibility‚ human rights and the law along a parallel path of considering
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company over time (e.g.‚ critical incidents) General Motors (GM) was founded in 1908. William C. Durant brought together 25 independent car companies to form one large corporation. Each company held its own identity as GM operated as central administration office for the 25 divisions. Due to high cost in manufacturing of automobiles‚ GM was only able to target wealthy customers who could afford cars. Then Henry Ford‚ owner and founder of Ford Motor Company‚ revolutionizes the production process
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waterproof boots and shoes. • 1987: Timberland went public on the American Stock Exchange. • 1992: To sustain the communities in which its employees live and work‚ Timberland developed what later became The Path of Service program: a progressive corporate policy offering employees 16 hours paid leave to perform community service. • 1997: Timberland increased the benefit of paid employee volunteer time to 40 hours. 2. Awards • 1999: Timberland was selected as one of 1998’s “100 Best Companies to
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What are the arguments for and against the concept of corporate social responsibility? Where do you stand‚ and why? An argument for corporate social responsibility is that many think they should assume the role because it states they they are thinking of the people and how they are creating a win/win situation. Those that are against are purely looking at the bottom margin and look no further or care. For me I am all for it. It states that they do care about were they do business‚ how
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AND SOCIAL RESPONSIBILITY Introduction/Summary Often times‚ many business decisions are not always black and white and there are ethical dilemmas that leaders sometimes face. “Leadership must know how the myriad human behaviors and interactions fit together like puzzle pieces to create a whole picture” (Kehoe‚ pg. 201). Ethics is the study of honest behaviors and decisions‚ examining what should be done in relation with Corporate Social responsibility (CSR)
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Lululemon Corporate Social Responsibility Community and Partner responsibility is Lululemons department of CSR. They use those words to define the team because their focus is on people and relationships. Their vision is that by supporting community’s goals to create healthy minds‚ bodies‚ and spaces‚ they also inspire personal growth connection and innovation. Community is an integral part of lululemon stores. They have put in place what is called “Grass roots actions”. Each lululemon store has
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INTRODUCTION What is corporate social responsibility? It ’s also known as social responsibility. Corporate social responsibility (CSR) is when a company or an organization striking a balance between profitability and our contributions to the communities in which they operate and being obligated to meet the expectations of stakeholders‚ who are the sources of the legitimacy of the organization. The stakeholders include the owners‚ investors‚ employees‚ customers‚ government‚ suppliers‚ competitors
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Corporate Social Responsibility of a company: Starbucks Starbucks‚ the largest coffeehouse company in the world‚ is a company that tries to make business in a socially responsible way. The firm is not only about making coffee but also about treating with dignity the clients and the environment where they are operating into. Hereby‚ we will discuss the different actions undertaken by Starbucks in order to be socially correct. One word
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Utilitarianism and Social Corporate Responsibility The principal of Utilitarianism is often cited for grounds in business related decision making. Business ethics is often misunderstood - for if the main purpose of business is to maximize profits‚ then one could argue Westjet had done nothing wrong in trying to gain an advantage in thier industry. Thankfully‚ ethical decision making involves criteria beyond the ’greatest good for the greatest number of people’. Its criteria are as follows - utilitarianism
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and adoption of corporate social responsibility as a matter of course (David Henderson 2004). The stakeholder groups‚ for instance‚ governments‚ communities‚ suppliers‚ employees‚ customers and stockholders persistently claim administrators to dedicate capitals to corporate social responsibility (McWilliams and Siegel 2001‚ 117). Despite the fact‚ strategic corporate social responsibility is far more selective on being a standing corporation rate citizen and also addressing the social issues that the
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