“focusing on profit alone can create an unfavorable paradox that causes a firm to fail to achieve its objective” (Ferrell‚ Fraedrich‚ & Ferrell 2009). Company Q’s social responsibility is on a downward trend. Because Company Q took a gamble operating two stores in higher-crime-rate areas and lost‚ their current attitude toward social responsibility is comparable to stock trading: cut your losses and move on to more profitable ventures. This may seem logical from a profit-making perspective‚ however it
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General Mills: A History Of Responsibility Officially taking the name in 1928‚ General Mills has become one of the largest food companies in the world. They own brands like Cheerios‚ Pillsbury‚ Yoplait‚ Green Giant‚ Betty Crocker‚ Old El Paso‚ Totino’s and Progresso. Since the creation of their corporation‚ General Mills have established themselves as a company that flourishes by being socially and economically responsible. Their mission is to lead by example‚ and by doing so hope to promote
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Social Responsibility Undertaken By Videocon : PHILOSOPHY AND RESOLVE: No business can function in a vacuum. There is the society at large with which it engages in innumerable transactions; the more involved the engagement‚ the better its qualitative and quantitative effect on the business. Aware of this debt to society‚ Videocon is committed to fulfilling its obligations: both as providers of products as well as community initiatives. They have undertaken social responsibility through the following
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changed its vision from cheap and convenient to dedicating itself to quality‚ service‚ cleanliness‚ and a commitment to treating all customers with respect (Kiddon and Light). In regards to corporate social responsibility McD strives to achieve their values each day and improve their environmental and social performances in an effort to obtain to a sustainable future (McDonald’s). In order to achieve their desired image and
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[pic] GENERAL MOTORS COMPANY Case Study Radencovici Octavian Tudorica Alexandru Lupu Mariana Bartoloni Giulio General Motors Corporation “Engineered without compromise” 1. General Presentation of the company One of the world’s largest automakers‚ GMC has it’s roots traced back to 1908. Also known as GM‚ this company is a United States-based automaker with its headquarters in Detroit‚ Michigan. After the General Motors Company was founded‚ it soon became known as one of the largest car manufacturers
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Corporate Social Responsibility initiatives of BPCL BPCL‚ a well-known petroleum brand called Bharat Petroleum Company Limited is committed to the welfare and development of the society and the local community. It works in various areas to help develop the community and society. BPCL’s commitment towards society and local community is very high‚ according to the CMD‚ ‘We are committed to the societies where we operate and understand that business success is not possible when the needs of the society
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Hong Kong has the responsibility to reward the citizen in need with the profit they earned from the market. Nowadays‚ many people in society expect organizations or enterprises to be socially responsible to the society‚ which is called “social expectation”. The company can sense what society’s needs through the three level of social expectation so that knowing how expectations condition can give insights into the society’s every level. Under the socioeconomic view‚ the social expectations are
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Corporate Social Responsibility: What Went Wrong at GlaxoSmithKline? When London-based GlaxoSmithKline (GSK) paid a $750 million dollar settlement as part of a plea agreement that required it’s Cidra‚ Puerto Rico subsidiary SB Pharmco to plead guilty for knowingly selling contaminated medicine‚ it laid to rest any doubts that its business practices were in direct conflict with its commitment to both quality and to creating a strong ethical culture. There are‚ nevertheless‚ important issues
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company that brought us V8 Splash‚ Pepperidge Farm and Campbell’s Soup‚ has become known for a bit more - their Corporate Social Responsibility (CSR). Campbell Soup Co. has consistently made the top ten list of Corporate Responsibility Magazine’s 100 Best Corporate Citizens - placing second in 2011 and eight in 2012. The company was also the only food and beverage company in the US to make Corporate Knights’ 2012 Global 100 Most Sustainable Corporation rank. Indeed‚ Campbell Soup Co. has seemingly embraced
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Social Responsibility Phoenix Student ETH/316 Social Responsibility Paper According to "Cambridge Dictionaries Online" (2013)‚ social responsibility is the practice of producing goods and services in a way that is not harmful to society or the environment.” [If the previous statement is a direct quote‚ be sure to indicate the entire quoted statement in quotation marks and include either the page or paragraph number from the source.] Two examples of social responsibility efforts or actions that
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