environment.” Over 90% of the Fortune 500 companies engage in CSR‚ and CSR investments amount to substantial proportions of many of these companies’ profits (Luo & Bhattacharya‚ 2006). CSR concerns not only the stakeholders in the social and environmental dimensions‚ but is potentially decisive to a company’s performance. Hence‚ companies view it as a strategic tool that can play a crucial role in profit maximisation (Hartmann‚ 2011). The effects of CSR on company performance have been widely debated
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------------------------------------------------- busINESS ethics AND SOCIal responsibilty UNETHICAL PRACTICES OF TWO COMPANIES OCEANIC BANK PFIZER PHARAMACEUTICAL OCEANIC BANK Oceanic Bank International Plc‚ Nigeria. The present CEO of Oceanic Bank International Plc is John Aboh. Oceanic bank is one of the most leading financial service institutions in Nigeria. Oceanic bank was incorporated in 1990. Oceanic bank is now twenty-one
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Armour Garments Company I. Central Problem How to cope with the changing environment II. Objectives 1. To entice middlemen to patronize AGC’s product 2. To be able to compete with its competitors to earn profit 3. To improve their fashion line and machinery 4. To handle their pride III. Alternative Courses of Action 1. Add investments and lower costs Advantage/s: · The equity would be higher resulting to better capability of coping with losses
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ZZZ Best Company Inc. ZZZ Best Company‚ Inc. is good example for being explored by accounting students regarding audit field. In this case‚ ZZZ Best Company‚ Inc.‚ which is established by Barry Minkow‚ became a tool for its owner i. E. Barry Minkow to get money by lying to thrid parties via fictitious insurance restoration project. Difficulties in developing carpet cleaning industry made Barry Minkow think to get money in wrong way. Collaborate with Tom Padgett and also extensive social
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Vision Star Oil’s vision is to be: the natural upstream oil and gas partner; navigating complexity‚ unlocking potential. The natural partner Star Oil recognizes that its partners and partnerships are valuable. The company understands and appreciates its partners’ circumstances‚ needs and goals‚ and delivers on given promises. Star Oil respects the individual‚ helps others to succeed and contributes to a positive working environment. Navigating Complexity Star Oil
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Provide a brief description of the status of the company that led to its determination that a change was necessary. Avon Products‚ Inc. (Avon) is a 122 year old company whose primary focus is on the economic empowerment of women around the world. Basically‚ the organization is a leader in direct distribution of cosmetics‚ fragrances and skin care products. Prior to and including the year 2005‚ the company was considered to be a very successful company operating in over 40 countries with 70% of its
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Boeing Company MGT 330 April 08‚ 2011 Organizing Paper One reason why so many organizations succeed and be able to sustain their long-term goals is their effective and efficient organizational ability. The organizing function of management involves the allocation of the company resources. When the management of the organization allocates its resources with strategic planning and execution in mind‚ the organization can successfully satisfy the requirements of both internal and
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CASE 46 THE TIMKEN COMPANY Teaching Note Synopsis and Objectives The acquisition of Torrington from Ingersoll-Rand (IR) required a strategy that would meet both the investment and the financing objectives of the Timken Company. In that regard‚ the case provides an excellent example of the principle that investment and financing decisions can be considered independently. In effect‚ Timken captured the positive NPV of Torrington even though Timken was required to increase its leverage beyond
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1. Company Profile Mamee-Double Decker (M) Berhad is a Malaysia-based investment holding company‚ engaged in the provision of management services to subsidiary companies. The Company‚ along with its subsidiaries‚ is engaged in manufacturing and marketing of food and dairy products‚ and soft drinks. On January 29‚ 2010‚ the Company announced the cessation of its wholly owned subsidiary‚ MDD-Double Decker Foods (Suzhou) Co. Ltd. On January 29‚ 2010‚ the Company announced the disposal of its interest
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Nike was founded in 1964 as Blue Ribbon Sports by University of Oregon track athlete Philip Knight and his coach Bill Bowerman‚ and officially became Nike‚ Inc. in 1978. The company takes its name from Nike‚ the Greek goddess of victory‚ and adopted the well-known logo‚ called the “Swoosh”‚ first used by Nike in 1971. Nike produces a wide range of sports equipments. Their first products were track running shoes‚ for a wide range of sports including track & field‚ tennis‚ baseball‚ Association
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