Social Responsibility “Social responsibility is defined as an organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impact” (Ferrell‚ O.‚ & Fraedrich‚ J. (2010). Stakeholder Relationships‚ Social Responsibility‚ and Corporate Governance. In Business ethics: Ethical decision making and cases : 2009 update (7th ed.). Mason‚ OH: South-Western Cengage Learning). There are four main types of social responsibility which are economic‚ legal‚ ethical‚ and
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environmental‚ social and other problems should be the responsibility of government and non-profit making organizations sponsored by governments. (Pontinen J 2013 ) A bright supporter of the narrow view is Milton Friedman who claims that the only social responsibility a business has is to maximize the profits of its owner or shareholders. Friedman feels that as long as the corporate executive carries out these desires in a way that follows the laws and ethical customs of society‚ this person has fulfilled
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Corporate Social Responsibility The different aspects of corporate social responsibility (CSR) have been the topic of considerable debate since the last decades of the twentieth century. Main factor for the increased interest on the part of stakeholders in this topic are the increased public awareness and interest in the corporate social responsibility following the Information Revolution. This essay will assess the dangers and benefits of the business ethics for most of the stakeholders – employees
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social responsibilities of the business entities towards contractual employeES Introduction: Based on the Labor Code Article 106 Section 3 (APPENDIX A)‚ In legitimate contracting‚ there exists a trilateral relationship under which there is a contract for a specific job‚ work or service between the principal and the contractor or subcontractor‚ and a contract of employment between the contractor or subcontractor and its workers. Hence‚ there are three parties involved in these arrangements‚ the
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- Is Lululemon’s discretionary responsibility met? - does it contribute to the broader community? Lululemon athletica is involved in various charitable organization such as the centre for Integrated Healing and the Active Kids Movement program‚ It provides community awareness initiatives 3- What social responsibility strategy is Lululemon athletica pursuing? Social responsibility strategies can be definite as the idea that business should balance profit-making
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Social Responsibility of Whirlpool Corporation Whirlpool Corporation is a global manufacturer and marketer of major home appliances‚ with annual sales of more than $18 billion‚ more than 73‚000 employees‚ and nearly 70 manufacturing and technology research centers around the world. The company’s family of brands‚ including Whirlpool‚ Maytag‚ KitchenAid‚ Jenn-Air‚ Amana‚ Brastemp‚ Bauknecht‚ Consul and other major brand names to consumers in more than 170 countries. Whirlpool Corporation is
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his article‚ Put Profits First‚ “It is…simply good business for a company to cater to its customers‚ train and retain its employees‚ build long-term positive relationships with its suppliers‚ and become a good citizen in its community.” The social responsibility of business is to benefit not just the stockholders but also all of the constituencies. Some people believe however that it is not intelligent to put the investors second. T.J. Rogers says that shareholders are a huge part of the business
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Corporate Social Responsibility Q1. Discuss the CSR Practices of any one organization of your choice. A: The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts‚ used the following definition. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the
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Social Responsibility of NFL and MLB This week ’s homework is to take two organizations and discuss their social responsibility. The two organizations we choose are National Football League and Major League Baseball. The reason we choose these two was a simple one. When we were children who did not want to be a professional baseball or football player? Here are some of organizations that the National Football League and Major League Baseball are involved with. "The Native Vision Program is head
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Ethics and Social Responsibility Mitchell Askew Business Management Paper 1 2/4/2014 What is ethics and social responsibility and why is it important in the work place. MGMT (2013-2014) workplace deviance‚ ethics: Ethics is the set of moral principles or values that defines right and wrong for a person or group. A Society of human resources management survey found that only 27 percent of employees felt that their organization’s leadership was ethical. In a study of 1‚324 random selected workers
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