Group 1_PepsiCo April 3‚ 2013 HOW CAN AN EMPHASIS ON ETHICS AND SOCIAL RESPONSIBILITY IMPROVE PROFITS AND BENEFIT A BUSINESS? Introduction Until a few years ago‚ most companies had not cared so much about ethics and social responsibility. They only focused on cost and margin to increase their profits. However‚ nowadays‚ many successful companies and businessmen have their own foundation and do some good things‚ for example‚ the Ford Foundation has allocated millions of dollars for cancer research
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Social Responsibility is a “business’ obligation to pursue policies‚ make decisions‚ and take actions that benefit society”. Under the umbrella of social responsibility there are two models for social responsibility; the shareholder model‚ and the stakeholder model. Basically‚ The shareholder model Focus’ on maximizing profit for its shareholder’s. When a company makes profit and meet their production goals they in turn benefit the community. This is made possible through job creation and tax money
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Preliminary Draft - Comments Welcome CORPORATE SOCIAL RESPONSIBILITY: DOING WELL BY DOING GOOD?* RAY FISMAN GEOFFREY HEAL VINAY B. NAIR# Abstract We provide a framework for analyzing corporate social responsibility (CSR). Our model of CSR in this paper has two important ingredients – CSR is at least in part a profit motivated decision; and different CSR activities are aimed at different audiences. We examine the implications of our framework using a ‘visible’ CSR index that captures
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E E D I T O R S Is the Socially Responsible Corporation a Myth? The Good‚ the Bad‚ and the Ugly of Corporate Social Responsibility by Timothy M. Devinney Executive Overview Despite differences of opinion about the efficacy of corporate social responsibility‚ there is a general consensus among academics‚ policy makers‚ and practitioners that corporations operate with a social sanction that requires that they operate within the norms and mores of the societies in which they exist. In this
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Corporate Social Responsibility or Corporate Social Necessity? Evaluation of the effects of Corporate Social Responsibility (CSR) in construction‚ real estate and related industries and analyzing the marketing strategy of the company ‘ENKA’ upon its level of commitment to CSR. For: CEM Assignments Office Date: 27/02/2013 From: Deniz Berkan Unsal Moscow‚ Russian Federation List of Contents 1.0 Summary 2.0 Question 1: Discussing the issues involved in CSR‚ and giving examples illustrating
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organizational issues. It also address the role that external social pressures have in influencing organizational ethics‚ how these issues are relevant to organizational and personal decisions‚ and the relationship between legal and ethical issues as shown in the film. The reason Liberty Mutual started The Responsibility Project was as it stated‚ “to explore what it means to do the right thing”. The film viewed was Dancing on a Dream. (http://responsibility-project.libertymutual.com/films/dancing-on-a-dream)
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plan on breaking down Global Socio-Cultural Responsibility into three different parts. First I will focus on explaining the aspect of social responsibility. What it means and the three qualities that make up a student that is socially responsible. I do not need any aids for the first period. I plan on just standing in the front of the room and speaking to the students. Period #2 Needs: The second period I will explain the meaning of cultural responsibility and I also plan on incorporating an activity
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Academy of Management Review 2008‚ Vol. 33‚ No. 2‚ 404–424. “IMPLICIT” AND “EXPLICIT” CSR: A CONCEPTUAL FRAMEWORK FOR A COMPARATIVE UNDERSTANDING OF CORPORATE SOCIAL RESPONSIBILITY DIRK MATTEN York University‚ Toronto JEREMY MOON University of Nottingham We address the question of how and why corporate social responsibility (CSR) differs among countries and how and why it changes. Applying two schools of thought in institutional theory‚ we conceptualize‚ first‚ the differences between CSR in the
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Social Responsibility Theory To combat the pressures that threatened freedom of the press‚ this theory was first introduced in 1947 and was recommended by the Hutchins Commission on Freedom of the Press. It stated that the media should serve the public‚ and in order to do so‚ should remain free of government interference. It defined guidelines that the media should follow in order to fulfill its obligation of serving the public. Ethics and the Media The Social Responsibility Theory claimed
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CORPORATE SOCIAL RESPONSIBILITY ON BUSINESS PERFORMANCE – CAN IT BE MEASURED‚ AND IF SO‚ HOW? The Berlin International Economics Congress 2012‚ March 7th-10th‚ 2012 Presented by Dd. Dipl.-Vw. Malte Kaufmann‚ The Bucharest Academy of Economic Studies malte.kaufmann@immo-kaufmann.de and Prof. Marieta Olaru‚ Ph. D.‚ The Bucharest Academy of Economic Studies olaru.marieta@gmail.com Abstract This paper examines the question of measurability of the impact of Corporate Social Responsibility on Business
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