social implications‚ and managers have a responsibility to act in ways which benefit society as well as the organization (Body‚ 2005). The difficulty that most companies of today are facing is that investing money in order to become more socially responsible may benefit one of the company’s
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RESPONSIBILITY 1. What is ethical and socially responsible marketing and why should marketers be concerned about CSR and sustainability? It is a marketing philosophy that states a company should take into consideration what is in the best interest of society in the present and long term. It involves the customer at all times‚ how the consumer will benefit and focuses on full satisfaction of the customer not selling of the product. Socially responsible companies should aspire to produce desirable
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choice for investor to invest in based on two aspect‚ ethical issue and financial analysis. The ethical investment‚ which is an approach of investing that combines social and environmental considerations with investment decisions (report on socially responsible investing trends in USA 2001‚ p.7). In other
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Case 1: Sunrise bank recently appointed the accounting firm Smith‚ Godfroy‚ and Hannaford as the bank’s auditor. Sunrise quickly became one of Smith‚ Godfroy‚ and Hannaford’s largest clients. Subject to banking regulations‚ Sunrise must provide for any expected losses on notes receivable that Sunrise may not collect in full. During the course of the audit‚ Smith‚ Godfroy‚ and Hannaford determined that three large notes receivable of Sunrise seem questionable. Smith‚ Godfroy‚ and Hannaford discussed
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Social Responsibility (CSR) is simple‚ according to the book: “Distinguishing right from wrong and doing right”. Social responsibility benefits both individual and companies as well. Luo and Bhattacharya (2006) address the fact that companies are increasingly taking direct steps to communicate their CSR to customers and stake holders to increase factors that will benefit the company. As we can see in this movie most of the actors or bosses are not that ethical. Before they engage in a journey of
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lives‚ they learn about good and bad‚ evilness and benevolence. Once learning about this they are able to decide who they are and who they want to be. Are they purely evil or purely good? Or both? In the novel Frankenstein‚ Mary Shelley uses the morally ambiguous character of the creature to convey how isolation and society’s expectations towards appearance can lead to the desire for revenge. Additionally‚ the creature demonstrates that when revenge consumes an individual it can lead to tragic consequences
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Green Banking In an increasingly eco-conscious market‚ many small businesses are finding creative ways to go green. Whether it’s improving their energy efficiency‚ buying organic products‚ composting or just turning off electronics at night‚ being green means all sorts of things to different people. One small thing you may not have considered is green banking. Most banks have at least one green initiative in place (or claim to)‚ and a few have made the extra effort to distinguish themselves
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are to financially invest‚ which in turn gives the corporation more positive funds to grow business. Also‚ social responsibility may play a part in the maximization of shareholder wealth. If the public perceives a corporation as being socially responsible they may become more loyal customers. Knowing that a local corporation has taken steps toward pollution control would make me much more likely
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their products. With that being said‚ this is the one of the key reasons why Apple’s sales volume is so high and they are so effective with sales their product. Apple’s position is clear. Apple Inc mission is to guarantee that it remains socially responsible in the community which also help them in persuading of the many suppliers which work with Apple to comply to their socially ethic and issues. Apple’s clearly states within supplier code of conduct their employees are empowered and provided with
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ACCT 2010: Fall 2012 Sections L08‚ L09‚ and L15 GROUP PROJECT Please form groups of four to five students. Each group should analyze three cases provided below and write a short report. The objectives of the project are to help you develop the ability to 1) evaluate situations that have ethical implications‚ 2) identify the stakeholders and their interests‚ 3) describe ethical dilemmas and propose solutions‚ and 4) explain the importance of social responsibility. Each group should submit a written
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