BOH 4M1 Investigating Corporate Ethics and Social Responsibility Assignment Organizations and the managers within them are faced with tough decisions every day. Some of the toughest involve those of an ethical nature‚ where the interests of the organization and its stakeholders need to be taken into consideration. You and a partner will research an organization in order to determine what their stance and actions are with regard to being a socially responsible group. Upon completion
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1.1 What is Corporate Social Responsibility? The theory of corporate social responsibility (CSR) is best elucidated by the statement that a company should take a wider view of how its actions and success impact society and stakeholders. CSR identifies that "doing well" and "doing good" go hand in hand. (Leadership and CSR: a Perfect Match). A commonly used definition provided by the World Business Council for Sustainable Developement states that CSR is "Continuing commitment by a business to
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position‚ occupy a functional leadership position‚ you can be specialist‚ etc. Philips says it’s giving its employees freedom to develop and improve their skills and talents‚ it is challenging them to grow. Its employees therefore‚ are given an high responsibility‚ but they can also contribute their new ideas. Because when you work at Philips‚ “you need to be willing to take ownership of your projects and feel accountable for delivering superior results.” Philips says it’s trying to attract diverse people
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Social Development and Corporate Responsibility To say that low living standards‚ poverty‚ unemployment and social development should be a responsibility of corporations is preposterous. Corporations have the sole responsibility of making their shareholders money‚ and in turn‚ making themselves money. In recent years‚ with advancing technology and scientific research‚ corporate social responsibility has becoming a talking point. Holding corporations responsible for their waste and pollution makes
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Social Responsibility of the Online Gaming Industry The Gaming Industry does not escape as any other industry in acting responsibly and being sensible to the society in which it operates. Since the early 50s and 60s when the gaming industry was targeted and tagged as one controlled by criminals‚ and as cited earlier in this paper‚ the industry has been regulated constantly to prevent customers to be the target and profit and limit the expansion of the gambling criminal activities. But with
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With the recent corporate scandals involving such companies as Enron and Martha Stewart‚ the concept of corporate social responsibility (CSR) has once again made its way to the forefront of contemporary management ideologies. However‚ CSR itself is not a new concept. In fact‚ societies as far back as the Ancient Mesopotamians (circa 1700 BC) incorporated CSR in their businesses. "King Hammurabi introduced a code in which builders‚ innkeepers or farmers were put to death if their negligence caused
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Ethical Issues and Social Responsibility Case Analysis: BP (Beyond Petroleum) Beyond Petroleum (BP)‚ one of the world’s largest energy companies has seen many highs and lows over its 100 history. Throughout BP’s 100 year history there have been numerous questions about the company’s ethical conduct. These ethical misconducts include fraud‚ environmental crimes‚ regulatory negligence‚ and the endangering of habitats (Thorne‚ D.M.‚ Ferrell‚ O.C.‚ & Ferrell‚ L.‚ 2011). With the multiple
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When it comes to corporate social responsibility (CSR)‚ Patagonia is the pioneer and poster child. Patagonia has found distinct ways to integrate product function with environmental values. Their business model raises a lot of money for environmental causes and their technological innovation reduces the environmental impact of their products. Since 1986 they have donated 10% of profits or 1% of sales‚ whichever is greater‚ to environmental efforts‚ and employees can take up to two
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Not all attention that it received was positive‚ however. Challenges at Hand: In 2010‚ Patagonia was planning to launch a unique environmental initiative called the Product Lifecycle initiative‚ which constituted Patagonia’s efforts to take responsibility for the products it made. Some
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Corporate social responsibility -pros and cons CSR which stands for corporate social responsibility which is also known as corporate citizenship‚ corporate conscience and responsible business. 2. Different organisations have framed different definitions – but in a nutshell CSR is about how companies manage the business processes to produce an overall positive impact on society. It is like giving back to the society. 3. CSR working would go beyond monetary donations to involvement in actual planning
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