Corporate Social Responsibility is about how companies manage the business processes to produce an overall positive impact on society. Also you could say that it is a company’s sense of responsibility towards the community and environment in which it operates. Nestlé believes that for a company to be successful in the long term and create value for its shareholders‚ it must also create value for society. At Nestlé this begins with the creation of superior long term value for shareholders by offering
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Religion It is one of the oldest foundations of ethical standards. Religion wields varying influences across various sects of people. It is believed that ethics is a manifestation of the divine and so it draws a line between the good and the bad in the society. Depending upon the degree of religious influence we have different sects of people; we have sects‚ those who are referred to as orthodox or fundamentalists and those who are called as moderates. Needless to mention‚ religion exerts itself
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Corporate Social Responsibility of Google Corporation There are a lot of multinational companies in the world that get the high score for corporate social responsibility. Among of them is Google Corporation. Jacquelline Fuller‚ director of Google says: “At Google we are big believers in the power of technology. Giving back is a huge part of what motivates us as a company‚ and as individuals” In China‚ the company has been opening a national wide competition called "Google China Social Innovation
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QUESTIONNAIRE Department of Business Management‚ School of Business‚ College of Business Studies‚ Covenant University‚ Canaan land‚ Ota‚ Ogun State. Dear Sir/Ma‚ The researcher is conducting a research on “Corporate Social Responsibility and Firm’s Financial Performance: The Moderating Effect of Perceived Organizational Culture‚ “A Study of United Bank of Africa” With the intention of knowing the impact of corporate social responsibility and the financial performance of a firm and its effect
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Journal of Sponsorship Volume 2 Number 1 Legal and regulatory updates The lessons learned from football: Sponsorships‚ contracts and ‘right of first refusal’ Ronald R. Urbach Received (in revised form): 8th August‚ 2008 Davis & Gilbert LLP‚ 1740 Broadway‚ New York NY 10019‚ USA; Tel: 1 (212) 468 4824; E-mail: rurbach@dglaw.com Ronald R. Urbach is Co-chair of the Advertising‚ Marketing and Promotions Department of Davis & Gilbert LLP. Regarded as one of the leading advertising and marketing
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same thing to everybody.” (Votaw‚ 1972‚ p.25) and from my understanding of the concept‚ CSR to me is “The voluntary business activities within the boundary of law that contributes to the wider community for a more sustainable environment”. Since everyone has a unique interpretation of CSR‚ the range of relevant CSR practices across businesses has been quite diverse as there is no such thing as features of CSR (Marcel van Marrewijk‚ 2003). Rising environmental and social concerns in recent years have
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CSR in Tourism Industry Md. Abdul Hamid1 Nowadays Corporate Social Responsibility (CSR) is a recurrently pronounced terminology. There is enough scope of ambiguity also in ‘meaning’ of this expression. Generally‚ the corporate world and researchers emphasize on different focal points. Instead of such vagueness‚ certainly there are affirmative something in the whole process. Regularly number of socially responsible organizations is increasing and awareness in this issue is rapidly increasing among
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Operations Management: Why are operations the most vulnerable sector of any company when considering CSR? I. Introduction As globalization continues‚ the earth ’s natural processes transform local problems into international issues along with the development of international commercial activities. Few communities are being left untouched by major environmental issues and social problems. As one of the most active and influential elements of the human society‚ the business world has been
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Spirit Fritz Jay T. Dalawampu B-3R November 5‚ 2014 Does it really pay off to be good? Many firms are able to believe that doing corporate social responsibility (CSR) really pays off especially in the firms as well as in the firm’s stakeholders and society. However‚ what is a CSR in the first place? According to researches‚ CSR‚ also known as corporate initiative‚ is all about evaluating and taking up the liability of the company’s impact on the environment as well as in the welfare of the society
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BUILDING A CSR INDEX In our CSR index‚ companies would be judged in 6 key assessment areas. Not only should the company have formulated goals or CSR targets but also achieved them within the stipulated period of time for a maximum score. The 6 key assessment areas are as follows: ASSESSMENT AREAS 1. ENVIRONMENT: This assessment area includes the physical surroundings in which the company operates including waste disposal techniques‚ energy saving initiatives‚ or climate change. POINTS OF
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