A business is an organisation that attempts to satisfy the needs and wants of a community by providing goods and services‚ however‚ a business does not exist only to serve the community‚ it also exists to maximise the financial investments of their owners. This is done through the social and economical role of a business. Economic roles are concerned with the financial impacts that the activities of a business have on various groups in the business environment. The economic roles are wealth creation
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THE ROLE OF SOCIAL MEDIA IN BUSINESS The Role of Social Media in Business Author Author Affiliation Date Table of Contents Introduction 3 The role of social media in business 3 Trend of Social Media and new Bossiness Intelligence 5 Advantages of Social Media in Business 6 Disadvantages of Social Media in Business 8 Conclusion 10 References 10 Introduction At the present‚ social media has become a very important element of business especially for the
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What is the Social Responsibility of Business? Back up your argument with information from these 2 articles as well as using information from at least 2 other websites you have located. The support in your paper must be documented using in-text citations and a Works Cited page (MLA format). For proper documentation format‚ you may refer to these links as well as those found in the Webliography link under "Research/Documentation." What is the Social Responsibility of Business? After reading
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Corporate social responsibility (CSR) is an increasingly important issue for all businesses around the world. CSR covers economic‚ legal‚ ethical‚ and philanthropic responsibilities of firms. Explain the factors that may motivate an MNE to adopt CSR in its international business strategy and operations. How might the country context influence the types of CSR initiatives undertaken? Support your answer with real world examples or cases. While corporate social responsibility (CSR) has existed for
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ethics‚ business ethics that brings together people of the same profession. These principles deal with values relating to human conduct with respect to concepts such as being good or bad‚ decent or shameful‚ right or wrong etc. These values guide members of a group to act in a manner that is consistent with the values and standards as established. Business ethics are those virtues that business people apply when making business decisions. They are the standards expected within the business world
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Business Ethics is it a personal or social responsibility Business ethics represent all the principles and standards that guide behavior in the world of business. Therefore‚ all this set of principles applies in any of the fields of business (marketing‚ finance‚ etc…) and people inevitably face ethical decisions in their every day working lives. The aim is to make every employee adhere to these standards because obviously‚ it is more profitable for a company to be ethical in business. But‚ as
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Social Media for Business Communication I-Introduction Social media means all new online media. They include social networks‚ blogs‚ micro blogs‚ wikis‚ etc. They allow everyone to create‚ share and view what others post on their wall. Social media on the Internet are virtual clusters of individuals or legal persons (associations‚ enterprises‚ institutions) for their members to discuss and exchange information on dedicated sites. Everyone uses them for specific reasons: • Individuals to share
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BMGT 2216 Rethinking the Social Responsibility of Business The ethical issues presented in this case are the different views that each individual has on how the idea of corporate social responsibility (CSR). This dispute is between Mr. Milton Friedman‚ John Mackey‚ and T.J. Rodgers; all of which has a different outlook on CSR. The definition of CSR refers to the responsibilities that business has to the society in which it operates and to those actions that a business can be held accountable. Most
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SWEETS AND SOURS OF SOCIAL BUSINESS: A CASE STUDY ON GRAMEEN DANONE FOODS LTD. Mehdi Hussain‚ Dr. Abdul Hannan Chowdhury and Bashir Hussain The number of people suffering from severe undernutrition and food insecurity recently reached one billion‚ and most of those affected live in developing countries (Lean‚ 2009). The economic and financial crisis is stimulating discussion about the future role of business in case of major social problems likes hunger. There is growing acceptance of the need
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International Journal of Business and Social Science Vol. 3 No. 3; February 2012 CUSTOMER RELATIONSHIP MANAGEMENT AND CUSTOMER LOYALTY; A SURVEY IN THE SECTOR OF BANKING Assist. Prof. Dr. Duygu KOÇOĞLU* Sevcan KIRMACI Abstract In the centre of marketing activities today is the customer satisfaction. For the banks to be successful in the intensively competitive environment‚ they are bound to attach importance to customer satisfaction. The purpose of the present study is to reveal the relationship
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