1 General Mills Corporate Responsibility MGT-153 Introduction to Business 2 Corporate Social Responsibility Corporate social responsibility is recognized as business activities that affect the community‚ and the impact of these activities in the community (Pride 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
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Corporate Social Responsibility: Indian Experience Dr. Devendra Kumar Assistant Professor L. N. Mishra College of Business Mangement‚ Muzaffarpur Email: devenswamy@rediffmail.com Prologue: India is a fast growing economy and is booming with national and multinational firms. At the same time‚ the Indian land also faces social challenges like poverty‚ population growth‚ corruption‚ illiteracy just to name a few. Therefore it is all the more imperative for the Indian companies to be sensitized
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EJBO Electronic Journal of Business Ethics and Organization Studies Vol. 12‚ No. 1 (2007) Positioning Stakeholder Theory within the Debate on Corporate Social Responsibility Manuel Castelo Branco Lúcia Lima Rodrigues Introduction The present-day conception of corporate social responsibility (CSR) implies that companies voluntarily integrate social and environmental concerns in their operations and interaction with stakeholders. The European Commission defines it as “a concept whereby companies
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CORPORATE SOCIAL RESPONSIBILITY AND THE SOCIETY By: saheli chakraborty Introduction Corporate social responsibility (CSR)‚ also known as sustainable responsible business (SRB)‚ or corporate social performance‚ is a form of corporate self-regulation integrated into a business model. Ideally‚ CSR policy would function as a built-in‚ self-regulating mechanism whereby business would monitor and ensure their adherence to law‚ ethical standards‚ and internati onal norms. Business would embrace
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Ethics and Social Responsibility History In a business sense ethics emerged in the 1970s but social responsibility actually emerged in the 1950s when organizations began believing that they should be operating in a way that would increase the benefits and reduce or eliminate harms caused by their operations (Perks‚ 2011). In light of the recent ethical scandals of organizations such as Enron this has really become a vital part of organizations. Further‚ over the last 60 years businesses have
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CORPORATE SOCIAL RESPONSIBILTY AND GOOD GOVERNANCE (ACCO 2073) TRUE OR FALSE: 1. CSR provides an opportunity for differentiation and awareness. 2. It is possible to develop CSR if it is not linked to the corporate identity. 3. In Europe‚ the main issues regarding CSR revolve for the most part around management in relation to stakeholders‚ the establishment of relations with the community and business action at society. 4. Incorporating CSR into the public: economic
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1. Auto Recalls - A company facing auto recalls would be ford. Ford has recalled 212‚911 Ford Explorer SUVs and Ford Police Interceptor utility vehicles from model years 2011 to 2013. This recall was due to safety issues‚ the door hinge was loose and could come detached if there is a side on collision. Unsafe Imports - A company facing unsafe imports would be Health Canada. Health Canada failed to stop Apotex from importing unsafe and suspicious drugs from a troubled manufacturing plant in India
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their overall objective is to maximize wealth‚ grow their businesses and make profits. However‚ businesses and professionals are duty bound to conform to the ethical norms and acceptable conduct as determined by the society in which they operate. Businesses and professionals (e.g. accountants‚ lawyers etc.) are usually held to some ethical standard (code of conduct) and are considered to have an obligation to contribute to the betterment of society. Separate codes of ethics govern their operations
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company that brought us V8 Splash‚ Pepperidge Farm and Campbell’s Soup‚ has become known for a bit more - their Corporate Social Responsibility (CSR). Campbell Soup Co. has consistently made the top ten list of Corporate Responsibility Magazine’s 100 Best Corporate Citizens - placing second in 2011 and eight in 2012. The company was also the only food and beverage company in the US to make Corporate Knights’ 2012 Global 100 Most Sustainable Corporation rank. Indeed‚ Campbell Soup Co. has seemingly embraced
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Ethics is more than legality Ethics Standards of moral behavior; behavior that is accepted by society as right versus wrong. Ethics begins wit each of us It is helpful to ask yourself the following questions when facing an ethical dilemma. o It is legal? o It is balanced? Am I acting fairly? Would I want to be treated this way? o How will it make me feel about myself? Would I feel proud if my family learned of my decision? My friends? Managing Businesses Ethically and Responsibly
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