responsibility attack strategy embraced by some firms today? a. Proper legal responsibility b. Proper ethical responsibility c. Proper social responsibility 2. How would you describe proper socially responsible behavior? a. I would describe proper socially responsible behavior as behavior that takes into consideration the various ramifications of not adhering to the social values embodied by the global consumer society. As the economy has become global‚ we must not only have
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Roxanne J. Pagaduan Mkm 2-2 Corporate Social Responsibility Corporate social responsibility (CSR)‚ also called corporate conscience‚ corporate citizenship‚ social performance‚ or sustainable responsible business/ Responsible Business is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms
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2.0 CORPORATE SOCIAL RESPONSIBILITY (CSR) The corporate social responsibility is an activity where it has been involved by almost all of the company in the world. However‚ normally it would be the big companies which will engage more in these corporate responsibility activities. According to Lord Holme and Richard Watts (2010)‚ Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of
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businesses PR firms are an interface between corporations and their publics. They are an important broker between companies‚ NGOs and governments‚ advising companies on how to make their partnerships work. Communicating a thoughtful strategy for responsible and sustainable business is meant to ensure that the meaning and scope of CSR will be extended to all stakeholders and
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Business Law‚ School of Business at University of Sydney. Introduction: This article talk about the ethical investment or socially responsible investment‚ screening‚ fund management‚ corporate responsibilities its process and outcomes. It has provided an overview of current debates about ethical investment. It gives information about who invests in socially responsible investment with literature review and examples. It also shares the information that how the investor can do ethical investment or
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et.al.2008). This is important for businesses to connect with their community in order to create customer loyalty and to gain new customers. Customers often choose where to do their business with businesses that choose to be responsible. Therefore‚ being socially responsible is a good business practice. General Mills The General Mills Foundation was started in 1954‚ and has since given 420 million dollars to its communities. These grants were given to programs such as; youth nutrition
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maximize profit‚ I believe business should have a responsibility to give back to the community in which they operate. First‚ it is the corporations’ obligation to recognize and solve the social problems they created. Then‚ business should be socially responsible to fulfill the expectation of today’s socially conscious consumers. Last but not least‚ CSR is the essential key to sustainability and success in the future. To begin with‚ business should take a significant role to maximize its positive impacts
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Ethical investment or socially responsible investment is broadly defined as the integration of personal values‚ social considerations and economic factors into the investment decision. Investors in ethical funds appear to spread their investment across wide range with verities of risk-return profiles. Better performing ethical funds attract the investor who have ethics and also the conventional investors. Persons who are attached to their socially responsible investments and who care their personal
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case? Underage workers and working conditions in third world countries. Identify the Stakeholders (stated or implied) Nike‚ Its competitors‚ customers‚ Nike employees‚ Labor organizations‚ Universities‚ Mass media‚ Why should Nike be held responsible for what happens in factories that are not owned by the company? Is Nike’s responsibility to monitor their subcontractors a legal‚ economic‚ ethical or a philanthropic responsibility? What could Nike have done‚
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Group 1_PepsiCo April 3‚ 2013 HOW CAN AN EMPHASIS ON ETHICS AND SOCIAL RESPONSIBILITY IMPROVE PROFITS AND BENEFIT A BUSINESS? Introduction Until a few years ago‚ most companies had not cared so much about ethics and social responsibility. They only focused on cost and margin to increase their profits. However‚ nowadays‚ many successful companies and businessmen have their own foundation and do some good things‚ for example‚ the Ford Foundation has allocated millions of dollars for cancer research
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