1.1 What is Corporate Social Responsibility? The theory of corporate social responsibility (CSR) is best elucidated by the statement that a company should take a wider view of how its actions and success impact society and stakeholders. CSR identifies that "doing well" and "doing good" go hand in hand. (Leadership and CSR: a Perfect Match). A commonly used definition provided by the World Business Council for Sustainable Developement states that CSR is "Continuing commitment by a business to
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discover opportunities to benefit society as well as themselves by strengthening the competitive context in which they operate; to determine which CSR initiatives they should address; and to find the most effective ways of doing so. Perceiving social responsibility as an opportunity rather than as damage control or a PR campaign requires dramatically different thinking--a mind-set‚ the authors warn‚ that will become increasingly important to competitive success. Many topics that Porter and Kramer have discussed
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With the recent corporate scandals involving such companies as Enron and Martha Stewart‚ the concept of corporate social responsibility (CSR) has once again made its way to the forefront of contemporary management ideologies. However‚ CSR itself is not a new concept. In fact‚ societies as far back as the Ancient Mesopotamians (circa 1700 BC) incorporated CSR in their businesses. "King Hammurabi introduced a code in which builders‚ innkeepers or farmers were put to death if their negligence caused
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Social Responsibility of the Online Gaming Industry The Gaming Industry does not escape as any other industry in acting responsibly and being sensible to the society in which it operates. Since the early 50s and 60s when the gaming industry was targeted and tagged as one controlled by criminals‚ and as cited earlier in this paper‚ the industry has been regulated constantly to prevent customers to be the target and profit and limit the expansion of the gambling criminal activities. But with
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BOH 4M1 Investigating Corporate Ethics and Social Responsibility Assignment Organizations and the managers within them are faced with tough decisions every day. Some of the toughest involve those of an ethical nature‚ where the interests of the organization and its stakeholders need to be taken into consideration. You and a partner will research an organization in order to determine what their stance and actions are with regard to being a socially responsible group. Upon completion
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NIKE CORPORATE SOCIAL RESPONSIBILITY REPORT Introduction Background: Nike is the leading company in sports and fitness fields and located near Beaverton‚ Oregon (CSRwire‚ 2012). In 1998‚ The New York Times exposed that Nike paid workers in China and Vietnam less than two American dollars a day. The aim of this report is to search how Nike response Corporate Social Responsibility (CSR). Theory: There are five dimensions of corporate social responsibility: physical environment‚ social (community)
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Not all attention that it received was positive‚ however. Challenges at Hand: In 2010‚ Patagonia was planning to launch a unique environmental initiative called the Product Lifecycle initiative‚ which constituted Patagonia’s efforts to take responsibility for the products it made. Some
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General Mills: A History Of Responsibility Officially taking the name in 1928‚ General Mills has become one of the largest food companies in the world. They own brands like Cheerios‚ Pillsbury‚ Yoplait‚ Green Giant‚ Betty Crocker‚ Old El Paso‚ Totino’s and Progresso. Since the creation of their corporation‚ General Mills have established themselves as a company that flourishes by being socially and economically responsible. Their mission is to lead by example‚ and by doing so hope to promote
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Ethical Issues and Social Responsibility Case Analysis: BP (Beyond Petroleum) Beyond Petroleum (BP)‚ one of the world’s largest energy companies has seen many highs and lows over its 100 history. Throughout BP’s 100 year history there have been numerous questions about the company’s ethical conduct. These ethical misconducts include fraud‚ environmental crimes‚ regulatory negligence‚ and the endangering of habitats (Thorne‚ D.M.‚ Ferrell‚ O.C.‚ & Ferrell‚ L.‚ 2011). With the multiple
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For my purpose here‚ I would like to examine the case for which the two views of Corporate Social Responsibility (CSR) are positioned in. One of these viewpoints is that CSR is practiced ethically in businesses simply because it is the right thing to do‚ through being moral and just by following a Values-based management system. The other perspective on CSR is that it is simply a ‘do-gooder’ ploy‚ and that it is only practiced within firms to impress society and those around them. For the duration
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