Discussion Questions 1. Explain why DJs are such important stakeholders in the music industry. Why it is crucial to have closely knit relationship with them? DJs are important stakeholders in the music industry since DJs pre-selects the songs that are going to be played on the radio and the songs that get to be played on the radio will generate commercial success. Therefore it is crucial for record companies to have closely knit relationships with the DJs in order to solicit favors from the
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To what extent do you agree that the main beneficiaries of CSR will always be a firm’s stakeholders rather than its shareholders? Corporate social responsibility has a number of affects for both the stakeholders and shareholders in a business. The effects on both of these will be dependent upon the type of business and the social responsibility programme which they adopt. But who benefits the most? And over time will this always be the same? All firms need to fulfil the needs of their customers
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My perception of organizations of which I am a member has not changed much due to the concepts covered in this course. I have however learned many new things about organizations and how they are run. There are many different sociological views that I have been introduced to that I was unaware of before taking this course. Many of these I will incorporate into this paper and review from a personal standpoint. Within the business environment‚ the levels of management directly affect how organizations
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To what extent is Corporate Social Responsibility beneficial to a company’s performance Corporate Social Responsibility is a philosophy that relates to a business being a part of the society‚ so acts in a way that not only advances its own firm but also serves the society as well. Good ethics is the cornerstone of sustainable development. In the long run‚ unethical behavior may harm customers and the society as a whole. Furthermore‚ it damages a company’s image‚ efficiency and effectiveness
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3. Do additional research on B Corps. What are the advantages and disadvantages of B Corps? Name some other successful B Corps. In your estimation‚ are B Corps a better model for socially responsible firms? Why or why not? B-Corp certification‚ a new business classification that scores companies on a 200-point scale‚ is done on a state-by-state basis and allows companies to demonstrate higher standards of corporate purpose‚ accountability and transparency [3]. It also permits businesses to make
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Tim Horton’s Corporate Social Responsibility As a Canadian‚ I am familiar with some of the different ways Tim Horton’s has tried to be involved in corporate social responsibility initiatives. Most Canadian children and adults are familiar with Tim Horton’s Camp day for the Tim Horton’s Children’s Foundation‚ as well as corporate giving‚ scholarships‚ community programs and their actions towards ethical and beneficial coffee producer partnerships. Tim Horton’s publishes a sustainability and responsibility
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Q3. How well did GE conform with the “General Principles of corporate Social Responsibility” set forth in the section of that title in the chapter? Here some of the General Principles of Corporate Social Responsibility that should be exercised by the managers: 1. Corporations are economics institutions run for profit. This are their main responsibility‚ they are oriented to the financial incentives‚ and not in the term that have to be able to meet the social objectives without financial incentives
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Project Shakti It was a initiative of Hindustan liver limited company to enter the rural market efficiently along with a social objective of empowering rural women. some key questions regarding this are answered in the following text. this is my perspective. Key features of project "Shakti"? Key features of project Shakti are: Ø It is an effective channel to reach to rural market which is not easily possible with the usual measures. Ø It also carries social objective along with it as it
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3.6 CSR in British Petroleum Academics‚ government officials and business leaders focus prominent attention on the concept of CSR‚ specifically in the special province of environmental protection. British Petroleum (BP) has won acclaims and awards for CSR. But Swaminathan S Anklesaria Aiyar (Times of India‚ Bangalore edition 2010) argued in his article that BP has created the greatest environmental disaster in history which includes its out-of-control Macondo deep-sea well. Gulf of Mexico oil leak
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Report On CSR [ Corporate Social Responsibilities] & Shaping Ethical Conducts Performed By Ananta Garments Limited Submitted to :- Faculty : Ms. Afnaan Ahmed [Afd] Course : BUS 101 Section : 1 Submission date : December 24‚ 2012 Group Members IDs 1. Abdullah Al Farhad [ID : 1230700030]
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