Social Responsibility What Definition Making a profit within the ambit of the law and to make decisions that will benefit not only the interest and welfare of society but also that of the organisation Origins of Social Responsibility • Entrepreneurs recognised a responsibility to employees. This refers to an act of paternalism to act in a fatherly way‚ caring and taking responsibility • Josesph Rowntree – Paternalistic Chief Executive – provide generous medical and dental schemes. Not possible
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difference between internal and external factors Internal factors that affect businesses come from within the business itself‚ without regard to any outside factors like customers and other businesses. External factors would be opposite. Internal factors: 1) Employee Turnover/Employee Satisfaction 2) Management of Resources 3) Research and Development External Factors: 1) Advertising 2) Quality of business reputation‚ or quality of products business produces 3) Competition by other
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countries‚ is still of somewhat poor achiever in case of social and development causes. After Independence the writers of the constitution themselves wanted the Government Of India to be evaluated for its functions and thereby created Comptroller and Auditor General of India and placing it in the constitution giving it a constitutional validity. Before we define the role of the CAG in establishing good governance‚ it is important to define governance as whole as well good governance and understanding
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The controlling function for McDonalds globalization is one of the many reasons why McDonalds has such great success. As of today‚ McDonalds is huge on globalization and they have locations in many countries. McDonalds executes the controlling function by investing and supporting initiatives to adapt their products to different locales to insure their global brand. McDonalds creates with many different ideas in order to fit all sorts of their customer’s needs and wants. They make adjustments constantly
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Corporate Responsibility and Marketing Strategies Deanna Williams Dr. Antony Jacob Contemporary Business July 21‚ 2014 Social and ethical responsibility is how a company will use all its resources in a way that will benefit people and society not only physically but also socially. Social responsibility is defined as “The idea that businesses should not function amorally‚ but instead should contribute to the welfare of their communities”. Social responsibility covers not only shareholders but also
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1. Number of consumers (naturally‚ more consumers means more D) 2. Income & normal goods (as Y increases‚ D for these goods increases) 3. Income & inferior goods (as Y increases‚ D for these goods decreases) 4. Preferences (obviously‚ if they prefer to buy it their D will increase) 5. Price of a substitute (if the price of a substitute good increases‚ D for the original good will increase) 6. Expectation of future prices and income. 7. Government policies. e.g. ban pornography
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Preliminary Draft - Comments Welcome CORPORATE SOCIAL RESPONSIBILITY: DOING WELL BY DOING GOOD?* RAY FISMAN GEOFFREY HEAL VINAY B. NAIR# Abstract We provide a framework for analyzing corporate social responsibility (CSR). Our model of CSR in this paper has two important ingredients – CSR is at least in part a profit motivated decision; and different CSR activities are aimed at different audiences. We examine the implications of our framework using a ‘visible’ CSR index that captures
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satisfy the customers by all means like supervising the point of sales. There are various responsibilities which a professional manager has to perform. The very first responsibility is towards the customers. Managers have to satisfy the customers by all means like supervising the point of sales etc. Managers are also responsible towards the employees like giving them pays on time etc. It is the responsibility of the manager to provide a professional atmosphere to the employees. A professional manager
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Today’s companies take many forms. One of the ways a company can ensure its success is to diversify its holdings. General Electric and Tyco International are two such companies that have done just that‚ although they have taken different approaches to achieve their growth. General Electric has taken a more conservative‚ methodical approach to the industries where its businesses are located. Tyco has taken a more aggressive approach by multiple acquisitions. These types of companies are called
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External/Internal Factors While driving on a congested freeway during rush hour many people may have often wished that all the other cars would simply disappear so we arrive at our destination on time. Realizing that it is beyond their control‚ their thoughts may return to another solution and something that they can control – the departure time. All those other cars on the freeway are external factors affecting a commute to work. Their presence or behaviors are beyond an individual’s
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