studies have been conducted‚ the only conclusion defined as “meaningful” by our textbook is that there is little evidence that a business’s social involvement is detrimental to its long term economic performance. Some businesses do engage in socially responsible activities based on the reasoning that acting in a socially irresponsible manner can create significant business risks‚ such a liability and the potential for legislative intervention. The majority of studies conducted about the relationship between
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Walt Disney’s “Cinderella”: Morally Corrupt and Biased? For over fifty years‚ the magical tale that is known the world over as Walt Disney’s “Cinderella” has been passed down from generation to generation‚ in particularly as a popular bedtime story request from youngsters. Even more so‚ over the past three decades it has even become a staple in almost every young child’s home video collection. While Walt Disney’s classic offers children a land to explore their imagination‚ and even a young female
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important for businesses to make clear before their stakeholders the businesses actual role in the society. Today without being socially responsible a corporation is not going to sustain itself properly and every large business organization today‚ in order to taste success and secure the social license‚ must operate in an economically‚ socially‚ and environmentally responsible manner adhering to the principles of Corporate Social Responsibility. In this era of globalization and transnationalization firms
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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 sense‚ in that those pollutants or waste would not affect others if the corporation were not in existence. Holding them responsible for the well being of their employees and their working conditions makes sense‚ in that the corporation directly affects the lives of its employees. But to force
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reputations of the company -> causes the fall of the stock price He did not make principled decisions or risk management but to withdraw all his capital before the stock crashed -> devaluating the shareholder value by committing fraud and not being responsible Example Ethics Moral code of conduct for what is right and wrong Example 1: Enron – hid financial losses using the mark to market accounting Made their projected profits listed under their actual profits within their financial books Shareholders
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amount of litter in the area. A business benefits from CSR due to the fact that Social Responsibility is a factor that many consumers look for in a business. It is a growing factor which can have a major impact on sales. If a business is socially responsible‚ there is a higher chance of consumers buying a good/service from the organisation. This could be due to the fact that they believe in a cause that the business donates to or because they believe that the business is doing something good for society
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Responsible Investing Values-Driven and Profit-Seeking (S)RI Dr. Jeroen Derwall November 20‚ 2012 Equity Analysis and Portfolio Management (EBC4112) – Week 4 Agenda What is (S)RI and related concepts Equity RI: theory and evidence “Values” and “social norms”: what are the effects of ethical exclusion on returns? What do we need to know to obtain positive returns/alpha? Errors in expectations Segmentation of the SRI movement solves “performance puzzle” Both controversial
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SOCIALLY RESPONSIBLE INVESTMENT: IS IT PROFITABLE?∗ PHOEBUS J. DHRYMES Columbia University July 1997; revised June 1998 1 What is Socially Responsible? Before we can answer the question we posed in the title‚ we need to define just what is “socially” responsible. Evidently‚ the meaning varies with time and place‚ since social responsibility is defined by a group’s cultural and ethical values. For example in the middle ages lending with interest was not considered ethical‚ let alone “socially
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Environment Report 2009‚ I found that the company is not only focusing on its financial performance‚ but also on social and environmental external effects. A critical analysis of this reporting practice suggests that the Warehouse is not truly responsible socially and environmentally but more a public relation exercise of the company. The Warehouse was established in 1982 to operate some discount stores. The company has over 7‚600 employees in the all network stores and has 253 stores through
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Topic: Nike marketing strategy‚ social responsibility‚ and diversity. Specific Purpose: To inform my audience about the marketing strategy‚ environmental and social commitment and diversity of Nike company Brief: In my presentation‚ I will be talking about Nike’s marketing strategy and its social responsibility MARKETING A) INTRODUCTION § Preview – Because Nike’s success largely depends on its shrewd marketing strategy‚ I will be explaining to you the importance of marketing to Nike
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