Social Responsibility and Sustainable Business Practices WGU‚ JJT2 20 June 2014 ***PASSED*** Businesses‚ specifically larger corporations‚ play a major role in what occurs in society therefore‚ they are responsible to their stakeholders not only to pursue economic goals but the greater social good as well. Corporate social responsibility (CSR) means that a corporation should act in a way that enhances society and its inhabitants and be held accountable for any of its actions that affect people
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SOCIAL RESPONSIBILITY STRATEGY REPORT Report Paradigm‚ a health information start-up‚ is a joint venture formed in the second quarter of 2012 by two Fortune 200 companies for the purpose consolidating diverse technology portfolios and improving health informatics solution offerings to hospitals and health care providers. As a start-up‚ Paradigm is still in the process of building a company culture understanding its social responsibility role within affected communities. Social responsibility
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corporation which can shoulder responsibilities of society and obey the rule of ethic deserves to obtain support from the society. In this essay‚ I am going to discuss about whether if the strategy of Corporate Social Responsibility is relevant. The concept of Corporate Social Responsibility (CSR)‚ like ethics‚ is easy to understand: it means distinguish right from wrong‚ and doing right. It means being a good corporate citizen. The formal definition of social responsibility is management’s obligation
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STARBUCKS COFFEE CORPORATION SOCIAL RESPONSIBILITY STRATEGY JJT2 SOCIAL RESPONSIBILITY TASK 1 Unknown Introduction Starbucks Coffee Corporation is a world renowned Fortune 500 company headquarter in Seattle‚ Washington USA. It was founded in 1971 with the sole mission to bring the unique Italian coffee experience to the masses. Its CEO Howard Shultz has successfully created a company brand where customers identify its coffee to a distinctive and premium experience. Starbucks Coffee
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JJT2 Social Responsibility Company X Tax Services is a part time small home operated business with one employee who is the owner/operator. It provides tax preparation and filing to individuals‚ sole proprietorships‚ partnerships‚ and s-corporations. Company X Tax Services has been in business since 1996. There has never been a sustainability strategy save for 100% adherence to tax laws. (A1) Good company citizenship goes beyond simply meeting the letter of the law. A socially responsible
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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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“The social responsibility can be defined as the obligation of the organization to act in ways that serve both its own interests (making a profit) and the interests of its stakeholder.” (Sandy Millar‚ Christopher Theunissen‚ 2008‚ P69) Socially responsible organization takes action to ensure that their activities do not affect any of the stakeholders in a negative way. The McDonald’s is the leading global foodservice retailer with more than 30‚000 local restaurants serving 52 million people in more
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ACKNOWLEDGEMENT We would like to thank Mrs. M. V for giving us this opportunity to study the Social Responsibility in business. We would like to thank Mr. Rajesh Thomas (DGM - Compass Group Pvt. Ltd.) ‚ Mr. Senthil Kumar (Manager -Lovely Offset Printers Pvt. Ltd.) ‚ Mr. Ramachandran (Director – Kaushalya Aqua Marine Products Exports Pvt Ltd.) for their valuable time and their cooperation in sharing the necessary information. We would also like to thank the employees and customers of all the
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The social responsibility concept is based on the premise that business has greater impact on society than can be measured by profit or loss. As a participant in society‚ business should contribute to the human and constructive social policies that guide society. The concept of social responsibility is merely a first step towards social effectiveness of business. It is the underlying value which gives businessmen a sound basis for social action. It is the philosophy which justifies business involvement
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Explain how Social Responsibility’s conceptions of freedom‚ morality and duty differ from those of libertarian theory. Which theory fits your understanding better and why? Firstly‚ social responsibility gives enough freedom to the media. However‚ expect it to act responsibly in its news report‚ act as watchdog to the society. Secondly‚ social responsibility theory mainly leads itself in a free circumstance of media area but there is a limitation to show its duty. Social responsibility requires the
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