have devoted greater attention to the strategic implications of corporate social responsibility (CSR). Consistent with McWilliams and Siegel (2001)‚ we define CSR as situations where the firm goes beyond compliance and engages in ‘actions that appear to further some social good‚ beyond the interests of the firm and that which is required by law’. However‚ this is just one interpretation of CSR. Numerous definitions of CSR have been proposed and often no clear definition is given‚ making theoretical
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the article explain game theory. After reading the Wall Street Journal’s article regarding game theory‚ one realizes that economics has many facets. Game theory is trying to anticipate what the competition will do or is contemplating. (Barnett‚ 1995). It ’s really like playing chess. But unlike chess‚ there will be a winner and loser‚ you can have win-win and lose-lose situations in business. To avoid having retaliation from the competition‚ it is best to have those firms in the industry view the
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Post-colonialial theory as a recent field of study has lately become one of the most attractive academic disciplines - if it can be called a discipline - that incessantly triggers piles and piles of literature written by art of critics‚ social reformists‚ political scientists‚ literary critics and political economists. The continuous expansion of post-colonialism in its recent version made its own domains of interest and areas of functionality overlap with other fields of global academic studies
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The Stakeholder Theory Charles Fontaine Antoine Haarman Stefan Schmid - December 2006 - Stakeholder Theory of the MNC Index 1. Introduction ........................................................................................3 2. Basic idea of the Stakeholder Theory and Definition ....................3 2.1. 2.2. 2.3. 2.4. 2.5. The stakeholder concept – popular and trendy..........................................................................4 Different definitions of Stakeholder
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If a firm uses a minority share ownership plan‚ external shareholders own it with a minority of employee owners‚ usually no more than 5% of the firm. Management or the board of directors exercises control of the firm and there is limited employee participation. While a significant number of employees may own shares in the firms they work for‚ almost all of this stock is in firms that are only minority employee-owned. In this essay I intend to explore the causes and consequences of firms choosing
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Law Firms and Electronic Communication Dealing with Cyberspace Annette Slaughter LES.330.DISB1T01.SP2011 February 23‚ 2011 Abstract In the world of litigation‚ it is a difficult enough task to wade through all the laws‚ acts and statutes that compose constitutional law. With the introduction of new technologies dealing with cyberspace‚ one of the issues laws firms have to contend with electronic communication. Electronic communication encompasses the areas of document review or electronic
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productivity as it relates to making improvements in their firm. Proper use of productivity measures can give the manager an indication of how to improve productivity: either increase the numerator of the measure‚ decrease the denominator‚ or both. Managers are also concerned with how productivity measures relate to competitiveness. If two firms have the same level of output‚ but one requires less input this is due to a higher level of productivity‚ that firm will be able to charge a lower price and increase
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FINANCIAL INSTITUTIONS BUS 410 SFU Beedie School of Business Patrick Lenouvel INVESTMENT BANKS - SECURITIES FIRMS 1987: Regulatory changes The 1987 changes in the framework of Canadian financial market allowed commercial banks to acquire security firms or to expand into the security business. As a result‚ most major commercial banks acquired Canadian dealers: RBC bought Dominion Securities in 1988‚ Pemberton (89)‚ Mc Neil Mantha (91) Richardson (96) CIBC acquired Wood Gundy in 1988 Bank
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1. Stakeholder Theory vs. Shareholder Theory The Stakeholder Theory is defined as having three dimensions. The first dimension is that the stakeholders must contribute valued resources to the firm. The second dimension is how the stakeholders use these resources and the risks involved that could affect the success or failure of the firm and the relationship with that firm if it is terminated. The third dimension deals with the power that the stakeholders have within the firm. While one can be
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Game Theory and Business Game theory emerged as a scholarly field of study in the first half of the 20th century. Since that time‚ it has significantly affected various academic disciplines‚ such as economics‚ political science and biology. Although the term "game theory" may suggest a certain frivolity‚ the concepts underlying it have many real-world applications and offer a structured and logical method of considering strategic situations. The parallels between competitive games and strategic
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