(a) Discuss on the importance of corporate social responsibility to business organisations. (20marks) The CSR activities will bring some benefits. Firstly‚ it would enhance the organization’s credibility and reputation. As for risk management‚ modern organizations implement risk management strategies to decrease or even eliminate the risk posed on the organization by a variety of practices associated to several potential threats. Organizations that have made strong efforts over the years
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Corporate social responsibility (CSR) is an important part of companies’ businesses plans. Economically speaking it opens doors to obtain business in new country. Companies have learned to be more sensitive to social issues and human rights. Socially speaking CSR improves life of current generation and future ones to better what satisfy individuals and make social atmosphere pleasant and more secured. Oil and gas industry plays important role in managing operations‚ HSE‚ CSR programs‚ reducing ecological
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EXAMPLES OF GOOD CSR AND BAD CSR IN TELECOMMUNICATION IN INDUSTRY Evaluating CSR using B&L Framework | Ashwani K Sinha CONT ENTS 1. 2. INTRODUCTION .................................................................................................................................................. 3 SELECTION OF INDUSTRY .................................................................................................................................... 3 2.1 2.2 2.2.1 2.2.2 CSR issues in general
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from the 1.4 trillion people. One of the US based company‚ which it’s going to invest 35% of its stake‚ to a fast growing China private-owned timber flooring company. Like most local Chinese company‚ CSR is not implementing in that company as well as no management working on it. Generally speaking‚ CSR (Corporate Social Responsibilities) is a form of corporate self-regulation integrates into business model‚ in which a company monitors and ensures its active compliance with the spirit of law‚ ethical
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with an increasing number of businesses engaging in CSR activities. Corporate Social Responsibility is a commitment by a business to consider not just the shareholders‚ but the interests of all stakeholders impacted by its activities. These include the employees‚ the consumers and suppliers of the business‚ the community in which it operates‚ and the environment. This report seeks to analyse the strategic Corporate Social Responsibility (CSR) policies implemented by the organisation Nike when faced
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confidential Employee Assistance Program with professional counseling service to help employees address personal or work-related concerns. Those above activities are some of the example of corporate social responsibilities (CSR). These are mainly focus on the Society side of CSR. In its 2007 International Good Practice Guidance‚ "Defining and Developing an Effective Code of Conduct for Organizations"‚ the International Federation of Accountants provided the following working definition: "Principles
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Social Responsibility (CSR) is the notion that business companies have obligations to society beyond their economic obligations. In a way‚ CSR is the company’s way of giving back to society and a way of being aware about the condition of the society and the environment. CSR is about how companies make profit‚ not how they spend them. It does not entail that the company should donate to charities or that they should use their profit on organizations with a positive cause. CSR is based on the idea that
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1. Lack of stakeholder engagement strategy – Apple simply doesn’t believe it needs to engage stakeholders‚ not to mention having an engagement strategy. We can see it every time‚ from not sharing information with Greenpeace about why Greenpeace got it wrong about the power consumption of Apple’s North Carolina data center to not responding at first to Chinese environmental groups investigating pollution issues in Apple’s supply chain in China. Another example is Apple’s tendency to reply to questions
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Corporate Social Responsibility (CSR) means that a corporation should be held accountable for any of its actions that affect people‚ their communities‚ and their environment. Actually‚ MTR has been implementation of CSR. Since 1993‚ MTR staff will use their spare time to contribute to society‚ spontaneously organize and participate in volunteer activities. In 2005‚ MTR has also set up a volunteer program‚ to provide support for employees. The the MTR at “railway people‚ railway Heart” volunteers
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Nike CSR Corporate social responsibility can be defined as the "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organisations at a given point in time" (Carroll and Buchholtz 2003‚ p. 36). The concept of corporate social responsibility means that organizations have moral‚ ethical‚ and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A traditional view of the corporation suggests that its
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