Social responsibility is defined as the organizations obligation to maximize their positive impact on stakeholders‚ and to minimize their negative impact on stakeholders. Social responsibility embodies what is fair as well as represents stakeholder’s rights. Companies have the social responsibility to be profitable‚ to obey the law‚ to be ethical‚ and to be philanthropic. For example‚ social responsibility has a strong relationship with profitability because if a company’s image or conduct is questionable
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2010. Sappi Sustainable Development Report 2010. [Online] Available at: http://sappi.investoreports.com/sappi_sdr_2010/case-study/people/kwadukuza-resource-centre-celebrating-ten-years/ [Accessed 1 March 2013]. * Sappi‚ 2013. Sappi Corporate Social Responsibility. [Online] Available at: http://www.sappi.com/regions/sa/SupportAndSponsorships/CSR/EducationLiteracy/Pages/default.aspx [Accessed 28 February 2013]. * Sappi‚ 2013. Sappi KwaDukuza Resource Centre. [Online] Available at: http://www.resourcecentre
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Tutorial 1-Read the ETHICS FEATURE. Corporate Social Responsibility for Competitive Advantage. Summarize the reasons why companies are adopting corporate social responsibility initiatives. What arguments support the pursuit of social initiatives by business organizations and what arguments suggest that the role of business is primarily to make profits? My view: The Corporate Responsibility (CSR) debate is very topical. In the past when considering corporate philanthropy (charitable giving by companies)
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“Social Accounting Practices in India as a Corporate Social Responsibility” soniuttranchal@gmail.com Concept: The concept of Social Accounting originated in different forms by Adam Smith in 1776‚ Later on‚ Karl Marks and Engel also expressed their views about social costs in 1844. Pigou in 1920 also elaborated the divergence of Social and Private Costs. The concept of social accounting was clearly introduced in the 1970’s and later this concept received serious consideration from
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21st century has proven to be an interesting period for businesses. With the invention of social media and the availability of information on-demand through the internet and mobile devices‚ businesses are constantly facing scrutiny from the public eye in regards to how they conduct themselves. Gone are the days of the 90’s when a business didn’t have to place much emphasis on their ethical responsibilities. Today however‚ a business must be very precise and careful in how it operates. Whether it
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relevant to CSR‚ such as labor‚ environmental protection and social welfare‚ is in place‚ there are many problems with compliance‚ such as difficulty with enforcement‚ frequent changes to the content of laws and regulations‚ and interpretation of laws being left up to regional governments. As solving those problems will strengthen corporations’ international competitiveness‚ achieve sustainable economic growth and increase corporate value‚ every company as well as the Chinese government is taking
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Corporate Social Responsibility versus Profit Maximization Introduction Nowadays‚ many large multinational corporations which occupy increasing shares in the market and high statues in the society are usually powerful in having both positive and negative effects on the public to a great extent. As a consequence‚ today‚ the concept of Corporate Social Responsibilities (CSR) draws much more public attention. Social responsibility goes beyond profit making and social obligation. CSR is a business
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8th International Conference on Islamic Economics and Finance Islamic Corporate Social Responsibility in Islamic Banking; Towards Poverty Alleviation Muhammad Yasir Yusuf 1 Zakaria bin Bahari 2 One of the goals of Islamic banking operations is to increase the economic growth towards a better and just society. This study aims to examine the criteria and Islamic instrument of corporate social responsibility towards the creation of a sustainable economic development. Specifically‚ the study analyses
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the foundation‚ which is to help‚ improved the quality of education. We want to clarify how Insular Life Foundation is related to over all mission and vision of the company? Answer: The foundation has its own vision‚ which is aligned to the corporate mission. “Committed partner for self-reliance and helping communities we served.” The key words in our vision are commitment‚ self-reliance and helping communities. When we say commitment‚ it refers to longevity. We make sure that in every project
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The Controversy of Homosexuality 12/23/2012 Outline: I. “I now pronounce you husband and husband”‚ when many people hear this statement whether in real life or in movies‚ it brings about many different opinions and reactions. Same sex marriage is still a controversial issue‚ and it’s questionable in many societies‚ in fact it is acceptable in very few communities in the world. People who oppose gay marriage are actually opposing unethical behavior that goes against many beliefs and different
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