publication of “Social Responsibilities of the Businessman” by Howard R. Bowen’s‚ in 1953. After this publication‚ a great range of research and works was dedicated to the subject‚ contributing to the development of the social responsibility concept (Carroll‚ A.‚ 1979). Some of the pioneers in CSR framework were Keith Davis (1960)‚ he advocated that social responsibility related to businesses’ was
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Corporate Social Responsibility in Banks S.Kavitha[1] Abstract Corporate social responsibility stands for business contribution to sustainable development and covers company’s active participation in different fields‚ human rights‚ human resources‚ relations with clients‚ suppliers‚ and other stake holders‚ corporate governance‚ environment and contribution to community and society. The social responsible attitude is integral part of the identity of financial institutions like banks‚ and it is
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growing firm. The ongoing concern is meant to increase the awareness between the business Individuals‚ to implement and draw line which should clearly indicates that what social obligation an organization has towards the society.(Caroll‚1970) (Caroll‚ Archie‚ B.(1991). The pyramid of corporate social responsibility is towards the moral management of organization stakeholder. Promoting a social justice may be justified‚ because it has been proven to create the competitive advantage by creating loyal employees
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to give systematic and rationalized arguments in favor of CSR by stating that the big corporations should consider using their power and influence with social consequences and responsibilities in mind. The main argument to this point came by Milton Friedman (1962) who argued that the “only responsibility of a corporation is to its shareholders”. Academics were divided between the two arguments for a decade without advancing a lot the debate. The 70s It was not until 1970 when Wallich and McGowan
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Carroll‚ Archie B and Shabanal‚ Kareem M. (2010). The Business Case for Corporate Social Responsibility: A Review of Concepts‚ Research and Practice. International Journal of Management Reviews‚ Blackwell Publishing Ltd and British Academy of Management‚ pp. 88-105 In “The Pyramid of Corporate Social Responsibility: toward the Moral Management of Organizational Stakeholders”‚ Archie B. Carroll focuses on studying the nature of corporate social responsibility (CSR) and explains its component parts
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BCarroll‚ Archie B. The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders‚ Business Horizons‚ July-August 1991 For the better part of 30 years now‚ corporate executives have struggled with the issue of the firm’s responsibility to its society. Early on it was argued by some that the corporation ’ sole responsibility was to provide a maximum financial return to s shareholders. It became quickly apparent to everyone‚ however‚ that this
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such as its ability to enhance a company ’s reputation and brand name‚ to expose market opportunities and to attract and maintain valuable staff. The second part of this essay shall voice the CSR-critic ’s view‚ such as the views of economist Milton Friedman of America‚ David Henderson of Britain and Roger Kerr of the New Zealand Business Round Table. Arguments against are that CSR increases costs‚ mishandles shareholder ’s money‚ is difficult to measure and account for. Thirdly‚ It will evaluate
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acceptable to society. However‚ Milton Friedman (1970) argued that social responsibilities is for people not businesses‚ he claims that the only responsibility business managers should have is to use all their resources to maximise profit and increase shareholder’s wealth (Friedman‚ York Times Magazine‚ September 13‚ 1970‚ pp. 32-34). 2.1 Carroll’s CSR Models In 1979‚ Carroll developed a social
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and centered around the Bunker family who lived in a home located at 704 Houser Street in Queens‚ New York. Archie Bunker‚ a dock foreman for the Prendergast Tool and Dye Company was the main character and was televisions most famous bigot‚ loud-mouth and downright rude. Edith Bunker ("Dingbat") was his somewhat dizzy wife who put up with Archie. Also living in the Bunker household were Archie and Edith ’s daughter‚ Gloria‚ and her husband Mike‚ or "Meathead" who was an unemployed college student.
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partners) decided that under the new policy‚ PwC would have to disclose most of the discounts to its clients but still keep 8 percent of the rebates as a “cover our costs” fee while retaining the “millions… collected previously on the earlier rebates” (Carroll and Buchholtz 630). Despite these policy changes‚ Neil A. Roberts remained dissatisfied and decided to file a False Claims lawsuit against PricewaterhouseCoopers LLP. The False Claims Act is a federal legislation that was established to make sure
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