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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Morrisons recently published last April its "Corporate social responsibility report" (CSR report‚ 2006) for the previous financial year. The report puts high regard on Morrisons’ effort to minimise the impact of its business operations on the environment. Moreover‚ the report stresses the catering of the interests of its "key" stakeholders‚ namely its customers‚ suppliers‚ colleagues and shareholders. Recalling way back before it completely took over the ownership of Safeway in 8 March 2004‚ Morrisons
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11‚ 2006‚ MT Solar I sank in the waters off Guimaras Island and dumped into the sea an estimated half of the 2.19 million liters of industrial fuel oil it was carrying. Since then‚ the Philippine Coast Guard has sprayed 115‚600 liters of chemical dispersants to contain the damage. But‚ the big question is this. What is the best way to clean up the oil slick? According to the PCG‚ the best way to do it is through the use of chemical dispersants. However‚ my opinion is different. I believe that the
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PPD1 – portfolio 2 Corporate Social Responsibility within Phillip Morris (USA and International) Word Count: 1867 I will in this essay assess the efforts of the two chosen companies‚ Altria’s Phillip Morris USA and Phillip Morris International‚ in Corporate Social Responsibility (CSR). Before tackling this‚ a brief explanation of CSR and its introduction in the companies will be provided. Thereafter‚ I will deal with domestic issues within the United States regarding health deterioration
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AP Environmental Science Deepwater Horizon Oil Spill: The BP Disaster The Deepwater Horizon oil spill in the Gulf of Mexico was one of the most infamous industrial environmental disasters ever. On April 20‚ 2010‚ a marine oil-drilling dig called the Deepwater Horizon exploded‚ releasing hundreds of millions of gallons of oil into the Gulf of Mexico. This explosion resulted in the loss of human life‚ massive environmental damage‚ and widespread damage to the livelihood of people living along the
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Reflection Paper on Gulf Oil Spill This presentation had a deep impact on me because I had been living in Gulf Breeze‚ Florida at the time of the spill. Gulf Breeze is located 15 miles West of Pensacola and the reefs and beaches were severely impacted by it. Not only did the spill impact the environment but also the tourism which that city needed to thrive; in turn businesses closed and restaurants plundered. When I looked outside my bedroom window at the ocean‚ instead of seeing the bright blue
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Social Responsibility What Definition Making a profit within the ambit of the law and to make decisions that will benefit not only the interest and welfare of society but also that of the organisation Origins of Social Responsibility • Entrepreneurs recognised a responsibility to employees. This refers to an act of paternalism to act in a fatherly way‚ caring and taking responsibility • Josesph Rowntree – Paternalistic Chief Executive – provide generous medical and dental schemes. Not possible
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Corporate social responsibility (CSR) is an increasingly important issue for all businesses around the world. CSR covers economic‚ legal‚ ethical‚ and philanthropic responsibilities of firms. Explain the factors that may motivate an MNE to adopt CSR in its international business strategy and operations. How might the country context influence the types of CSR initiatives undertaken? Support your answer with real world examples or cases. While corporate social responsibility (CSR) has existed for
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SEMINAR REPORT ON CORPORATE SOCIAL RESPONSIBILITY A CASE STUDY OF WIPRO Submitted to: Submitted by: Mr. Harpreet Nikhil Madaan
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Corporate Social Responsibility Frameworks FRANCISCO L. ROMAN‚ DBA MARIE KRISTIN C. DE JESUS FACULTY‚ ASIAN INSTITUTE OF MANAGEMENT RESEARCH COORDINATOR‚ AIM RAMON V. DEL ROSARIO‚ SR. CENTER FOR CORPORATE SOCIAL RESPONSIBILITY JOAN KRISTINE E. CHUA RESEARCH AND ADMINISTRATIVE ASSOCIATE‚ ASIAN INSTITUE OF MANAGEMENT Working Paper 13 ― 013 THE AUTHORS Asian Institute of Management W.SyCip Graduate School of Business AIM Ramon V. del Rosario‚ Sr. Center for Corporate Social Responsibility
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