Essay: Why are ‘Corporate Social Responsibility’ strategies important for enterprises? Prof. Dr. Jose M. Magone LV 400591.01 Work‚ Business & Society Berlin‚ 2011 Abstract Nowadays‚ the importance of social responsibility activities is growing awareness for companies.It is directly related to your business and if you want to have long term business success‚ you have to create value for the society.People are aware of the social and environmental problems
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The Warehouse Group Ltd is a typical half-hearted company that does not do what it preaches in the area of Corporate Social Responsibility. From the Warehouse Annual Report and Social and Environment Report 2009‚ I found that the company is not only focusing on its financial performance‚ but also on social and environmental external effects. A critical analysis of this reporting practice suggests that the Warehouse is not truly responsible socially and environmentally but more a public relation exercise
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quarter of its South Asian plants.And in 2005 Nike returned to report its social and environmental practices. It said that staffs and employees work in a poor environment .Between 25% to 50% of its employees and staffs in the region restrict access to toilets and drinking water during the workday. Besides ‚ a lot of staffs have to work for extra hours per week and wage level is lower than other industries. These kind of social and environment issues not only happen in Nike ‚but also in many other industries
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Business Law and Social Responsibility Introduction We are living at an age where the customer or the consumer has been brought at the center stage of business enterprises. This consciousness has been necessitated by the rudiments of marketing which stipulate that every product or services should be innovated with the customer in the mind. But beyond providing these goods and service there has also emerged the need to care about the welfare of the consumers in terms of their health‚ environment
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Living Dangerously in Two Worlds In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility (CSR‚ also called corporate responsibility‚ corporate citizenship‚ and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers‚ suppliers‚ employees‚ shareholders‚ communities and other stakeholders‚ as well as the environment. This obligation
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The current state of Company Q’s attitude toward social responsibility is by far obsolete. The sheer fact that the company would rather throw away good product then help the community not only gives the community a clear view that they do not matter but it also shows that the company is more about their bottom line then fostering a community. Also the fact that Company Q has closed stores due to loss of revenue shows that they did not house products that section of the community caters to. A higher
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Corporate Social Responsibility We live in an increasingly complex and sceptical world full of corporate scandals‚ stock market downturns‚ an uncertain economy. All these things have diminished trust in the corporate sector and its leaders. Stakeholders have become more critical‚ especially when they hear about drilling activities in Nigeria and Greenpeace campaigns against a firm. Companies need to address this by demonstrating their positive impact on society and by taking appropriate measures
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ExxonMobil: Social Responsibility in a Commodity Market 1. Consider and discuss the impact of the rising price of petrol on as many other products and services as possible. Petrol is one of the most demanded products on earth. Because of this‚ not only the petrol prices are rising‚ but also the prices of those products‚ that are petroleum related products. In the service sector‚ the costs for transportation (trucking‚ air cargo‚ sea and rail carriers) are rising because of the rising costs
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Business Research Report Corporate Ethical and Social responsibility Presented to: Western Governors University Assessment Code: RWT1 – Competency 318.2.2 Student Name: Richard P. Shields Student ID: 92502 Date: August 7‚ 2009 Mentor Name: Rungrudee Suetorsak‚ Ph.D. Table of Contents Executive Summary 3 Introduction 4 Research Findings 5 1. Organization Environmental responsibilities: 5 2. Organizational image: 5 3. Organization Increase profits: 6 Recommendations 7 Conclusion
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with social responsibility in its overall corporate strategy? “I think that Starbucks has been concerned with social responsibility in its overall corporate strategy because in the long run it affects the bottom line. By being socially responsible‚ the business is also showing that they care about more than their profits. Caring about more than just profits allows for greater employee commitment‚ investor loyalty‚ as well as higher customer satisfaction. Research has also shown that social responsibility
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