scandals‚ business organizations have incorporated business ethics codes and social responsibility programs as part of their strategy to boost their public image and reputation in the community along with the reduction of potential legal fees or financial settlements resulting from legal actions against the organization. Ethics refer to the fundamental principles of an individual or a group. Social responsibility is how a business performs its activities to meet its wider obligations toward
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• Lecture 03: • Ethics & Social Responsibility Tutor: KW CHING kwching@ntu.edu.sg kwching@singnet.com.sg The environment creates uncertainty for managers Managers must respond and design adaptive organizations Uncertainty – managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes 2 Management as an Integrating Activity Individuals – Organization – Environment Environment (Forces) Organization (Design ) Individuals
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References: Liu‚ J. H (1999). Press of Law‚ Corporate Social Responsibility (p2). Liu‚ L.Y (1999) Liu‚ J. H (1999). Press of Law‚ Corporate Social Responsibility (p6). Lu‚ D.F (2002) . Press of Law ‚Economics and Legal Analysis on CSR (p96). Lu‚ D Stephen P.R‚ David A. D‚ & Mary‚ C (2012) . Fundamental of Management(8th Ed) ‚ Essential Concepts and Applications
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Individual rights vs. Social responsibilities The most heinous of crimes are those committed against children. Society views these crimes as unacceptable and accepts the responsibility of ensuring the protection and safety of children from sexual predators. On the other hand even the most heinous criminals have rights. Jessica’s law ensures the social responsibility while civil rights of those convicted of crimes against children are ensured by civil rights organizations. Many of these organizations
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Critical Reasoning Individual Essay Assignment Corporate Social Responsibility (CSR) refers “the ethical principle that a person or an organization should be accountable for how its acts might affect the physical environment and the general public” (Jobber‚ D. & Fahy‚ J.‚ 2009). Nowadays‚ CSR programme is a global trend‚ which is encouraged by the government. It also helps the company in partnership and investment opportunities. On the other hand‚ CSR programme can enhance the company’s image in
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Arguments against Corporate Social Responsibilities. As we have seen there are a lot of advantages of using Corporate Social Responsibilities‚ however there are points of view that CSR makes negative affect on the company. We will try to explain main disadvantages about CSR below. Some companies are using CSR‚ only because they want to show the seriousness of the business and care about service or product that they produce‚ but in fact they not really carrying about the way the product come to
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RUNNING head: Apple Corporation: Ethical and Social Responsibility Apple Corporation: Ethical and Social Responsibility Romeo Gamble Strayer University Apple Inc. is an American corporation that is located headquartered in in Cupertino‚ California that designs‚ develops‚ and sells electronics like computer software‚ online services‚ and personal computers. It’s very well known for hardware products like the Mac computers‚ iPods‚ iPhone and
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Corporate Social Responsibility Task 1 To find out about corporate social responsibility I researched 3 separate businesses the first being the join Lewis partnership which includes Waitrose (a food retailer) and John Lewis (a department store). They have 336 stores located in the UK which are co-owned by every member of staff. The partnership makes on average £9.5 billion a year. They state that corporate social responsibility has been a cornerstone of their business right from the Partnership’s
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Corporate Social Responsibility is a form of corporate action enforced both by the firm’s regulation and sometimes government law to increase beneficial social impacts of a firm’s behavior. When doing so‚ Companies usually synergize their business goals with the CSR goals. However‚ some companies announce false CSR values in order to gain social reputation and government support‚ thus it is necessary to assess the authenticity of corporate CSR. The main goal of this Corporate Social Audit is to identify
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Wal-Mart and Social Responsibility Everyone can recognize the yellow smiley face‚ paired with a promise of “everyday low prices”. One of the most recognized symbols along with Starbuck’s Siren logo and The McDonald’s Arches‚ Wal-Mart’s smiley face and promise has been directed towards American families who are on a budget. With 3‚700 stores in The United States‚ and employing over two million people‚ Wal-Mart is the largest private employer in the world (1). Because of all the influence Wal-Mart
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