both for and against the business case for CSR to provide a more solid foundation for my thesis that “Corporate social responsibility contributes to businesses”. The basis of the debate for CSR has been constructed by two famous academics‚ Milton Friedman and
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What Corporate Social Responsibility is Corporate Social Responsibility can be defined has an obligation beyond that required law and economics ‚ for a firm to purse long term goals that are good for the society. This entails the continuing commitment by business to behave ethically and contribute to economic development while improving quality of the workforce and their families as well as that of the local community and society at large. Bhatia (2004) defined corporate social responsibility as
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numerous of people have been arguing about their different beliefs‚ many of the experts debate about CSR. Milton Friedman and others have argued that a corporation’s purpose is to maximize returns to its shareholders‚ and that since (in their view)‚ only people can have social responsibilities‚ corporations are only responsible to their shareholders and not to society as a whole. Milton Friedman have pointed out this in his book‚ Capitalism and Freedom: "There is one and only one social responsibility
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to the People‚” The Guardian‚ December 20‚ 2002‚ http://www.guardian .co.uk/world/2002/dec/20/debtrelief.development 5. John Micklethwait & Adrian Wooldridge‚ The Company: A Short History of a Revolutionary Idea‚ Modern Library‚ 2003‚ p. 8. 6. Milton Friedman‚ “The Social Responsibility of Business is to Increase its Profits‚” New York Times Magazine‚ September 13‚ 1970. 7. Of course‚ this debate continues today. For one example of a debate that was hosted by a skeptical source but includes different
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Riordan Manufacturing Virtual Organization Strategic Plan Strategic planning considered one of the important factors to be considered by organizations seeking to improve business and process within the current organization scope. Riordan Manufacturing Inc. has become a global leader in the area of plastic injection molding with state-of-the-art design capabilities. Currently Riordan Manufacturing Inc. is looking to develop and implement a strategic plan for the organization to improve process‚
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Force or compulsory labor‚ (4) Fair wages‚ (5) Child labor‚ (6) Freedom of association‚ (7) Save and healthy work environment. What is your opinion of Reebok production standard of human right for its suppliers? What would Milton Friedman says? Contrast his view with Carroll view? Answer: An obligation to human rights and how to manufacture all of its footwear production. Since Reebok Company’s production well developed and called as well-known athlete footwear‚ so everyone is opting it. Reebok’s
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one social responsibility of business is "to use its resources and engage in activities designed to increase its profits so long as it stays with the rules of the game..."? A. Adam Smith B. Edward Freeman C. Archie Carroll D. William C. Norris E. Milton Friedman 7) Which of the following is NOT descriptive of external environmental scanning? A. Used as a tool to ensure a
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Presentation University Of Greenwich Nguyen Son Hieu‚831580 I. What is CSR? • ‘ The social responsibility of business encompasses the economic‚ legal‚ ethical and discretionary expectations that a society has of organizations at a given point in time ’ [Carroll‚ 1979] • CSR functions as a mechanism to enhance a positive impact on the environment and stakeholders. Types of CSR • CSR takes place in different forms‚ ranging from : - Giving away food or cash to charity - Community involvement ( clubs‚ society
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externalities in the organisation‚ the drives of Adidas’s values and ethical approaches will also be assessed‚ including an overall conclusion based on my opinion of Adidas as a sustainable organisation. Corporate Social Responsibility (CSR) is defined by Carroll as being split into four possibilities‚”it is economically profitable‚ law abiding‚ ethical and Philanthropic” (Visser. W‚ 2005). Economic responsibilities is defined as being for profit purposes‚ managers focus is purely on the outcome of the business
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Universität Siegen SEminarpaper on topic CORPORATE SOCIAL RESPONSIBILITY „Should Firms Go Beyond Profits? Friedman vs Carroll“ Themensteller: Prof.Dr. Andreas Dutzi Withanage Eshari Samanthika Name‚ Vorname: Shahkhanim Chernina Matrikel-Nr.: 927057 E-Mail: shahkhanim.chernina@student.uni-siegen.de Ort‚ Datum: Siegen‚ 16.07.2014 Contents 1 Introduction 1 2 The main idea of CSR 2 2.1 History of CSR 2 2.2 Types of CSR 4 3 Profitability of CSR 6 3.1 Friedman’s Approach 7 3.2 Carroll’s
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