1.0 Description of Initial Response Responsible business normally is known as Corporate Social Responsibility (CSR). In today’s world‚ most businesses are focusing on profitability ignoring all social responsibility they should contribute back. It is important for companies to gain trust from the community in return of CSR. Three major personal core values that I think a ‘responsible business’ should have are empower‚ professionalism and commitment. First of all‚ when a company able to empowering
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Week 3 Assignment Business Ethics and Corporate Social Responsibility Professor Michael Wasson BUSN-115-61763 Introduction to Business & Technology Rosalind M. Stift 03/23/2014 The United States has several laws that are intended to further fair‚ balanced‚ and competitive practices. I do feel that these laws are effective in many ways. Some of those ways I will pin point in the next few paragraphs. These laws include some major concepts of law. Some of these
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Social responsibility is defined as the organizations obligation to maximize their positive impact on stakeholders‚ and to minimize their negative impact on stakeholders. Social responsibility embodies what is fair as well as represents stakeholder’s rights. Companies have the social responsibility to be profitable‚ to obey the law‚ to be ethical‚ and to be philanthropic. For example‚ social responsibility has a strong relationship with profitability because if a company’s image or conduct is questionable
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21st century has proven to be an interesting period for businesses. With the invention of social media and the availability of information on-demand through the internet and mobile devices‚ businesses are constantly facing scrutiny from the public eye in regards to how they conduct themselves. Gone are the days of the 90’s when a business didn’t have to place much emphasis on their ethical responsibilities. Today however‚ a business must be very precise and careful in how it operates. Whether it
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Discussion Questions for Samsung Electronics: 1. What are the characteristics of the DRAM industry? What is the profit potential of the industry? What are the KSF? 2. What recommendation would you make Chairman Lee regarding Samsung’s response to the threat of large scale Chinese entry? Should Samsung invest in China? 3. What were the sources of Samsung’s cost advantage in DRAMs in 2003? Make sure that you can derive the $1.39 cost advantage in Table 7a based on the tables 7b to 7k. What are the
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Re-take exam IB55 29 Jan-05-Feb 2013 OPTION 2 This is the mandatory Cover Page to be attached to your exam paper if you choose to work with OPTION2 Dynamic Corporate Social Responsibility: Apple‚ Inc. Marcello Montrone INTRODUCTION The social psychologist Kurt Lewin (1890-1947)‚ once wrote: “There is nothing as practical as a good theory”. According to this saying we tend to consider theory very important and that it can be helpful to guide us on the correct way. This
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CASE: SAMSUNG ELECTRONIC CORPORATION: GOVERNANCE OF CHAEBOLS Copyright: Prof. Florencio Lopez-de-Silanes Professor Florencio Lopez-de-Silanes and Rakhi Kumar‚ Yale MBA02 prepared this case as the basis for class discussion rather than to illustrate the effective or ineffective governance of an organization. Prof. Florencio Lopez-de-Silanes INTRODUCTION Case: Samsung Electronics Prior to the Asian currency crises‚ South Korea was an investment destination for several institutional
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relevant to CSR‚ such as labor‚ environmental protection and social welfare‚ is in place‚ there are many problems with compliance‚ such as difficulty with enforcement‚ frequent changes to the content of laws and regulations‚ and interpretation of laws being left up to regional governments. As solving those problems will strengthen corporations’ international competitiveness‚ achieve sustainable economic growth and increase corporate value‚ every company as well as the Chinese government is taking
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SUSTAINABLE ENTERPRISE MONITORING SYSTEM SAMSUNG ELECTRONICS (Samsung SDI) TABLE OF CONTENTS 1. Introduction to monitoring systems ............................................................................... 3 1.1 Dimensions ...................................................................................................................3 1.2 Indicators .....................................................................................................................
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“Social Accounting Practices in India as a Corporate Social Responsibility” soniuttranchal@gmail.com Concept: The concept of Social Accounting originated in different forms by Adam Smith in 1776‚ Later on‚ Karl Marks and Engel also expressed their views about social costs in 1844. Pigou in 1920 also elaborated the divergence of Social and Private Costs. The concept of social accounting was clearly introduced in the 1970’s and later this concept received serious consideration from
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