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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Behavior and the Social Responsibility of Organizations Table of Contents: Introduction ……………………………………………………………………….. 4 Defining Ethics …………………………………………………………………….. 5 Defining Social Responsibility …………………………………………………….. 6 Social Responsibility of Organizations to Internal Beneficiaries Social Responsibility to Employees ……………………………………………… 7 Social Irresponsibility to Employees: Wal-mart …………………………………... 8 Social Responsibility to Shareholders
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I believe that sources for information media have certain responsibilities to the general public. They are supposed to provide news stories that they believe the public will be interested in such as happenings in the political world‚ goings on in other countries such as international treaties and breakthroughs in new technologies. They are also responsible for keeping the general public entertained as well as informed and they do that by including public interest stories about normal people with
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TARGET CORPORATION Introduction The Target Bulls-eye logo has become instantly recognizable and synonymous with high quality and style at affordable prices. From its origins in 1902 as The Dayton Dry Goods Company in Minneapolis‚ Minnesota to the opening of the first Target store in 1962 in Roseville‚ Minnesota‚ Target Corporation has grown into one of top five retailers in the United States today with over 1‚600 stores and 350‚000 employees. Total revenues and net earnings for 2008 reached
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The global financial meltdown uncovered many social norms previously unimagined. The number of people who lost their jobs due to the financial situation is appalling. Interestingly‚ this does not mean that multi-national corporations are necessarily suffering. Most of the established companies with branches all over the world took the excuse of the financial breakdown to benefit. All of a sudden‚ it was okay to lay off people on the pretext of financial gloom. This means that a few people were benefiting
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Government bodies discovered the reliable ways by keeping the welfare aspect as the motivation factor. In other terms if we say then‚ the concept of corporate social responsibility is not new to Indian companies. Corporate social Responsibility activities have their advantages. The benefits are in terms of building a positive image and encouraging social involvement of employees‚ which in turn develops a sense of loyalty for the organization. The companies have understood that the retention of market depends
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The Social Responsibility of Business is to Increase its Profits Milton Friedman The New York Times Magazine September 13‚ 1970 When I hear businessmen speak eloquently about the "social responsibilities of business in a free-enterprise system‚" I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enterprise when they declaim that business is not concerned "merely"
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modern society‚ although there is no general common sense of what constitutes of Corporate Society Responsibility (CSR) and how much of it requires to firms‚ it is quite necessary for managers to have a better understanding of CSR and carry it out. Similarity‚ stakeholders also need to know it well. In early research on CSR‚ it was referred that the firm paid more attention to social responsibility (SR) than CSR (Carroll ‚1979). The reason can be that the firm’s dominance in the business has not
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from imminent death. Schindler and Colonel Sartoris‚ (Sarty)‚ a character from Barn Burner‚ both took a moral stance for what they felt was right and it came with a cost. The cost to Schindler for taking a moral stance was his business’s future‚ his social standing‚ and his personal wealth. Schindler’s main factory employed majority Jewish workers‚ this would spawn much trouble later on. Schindler acquired this factory through “the German occupation program to “Aryanize” and “Germanize” Jewish-owned
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dilemma that every corporation faces when they have to make decisions regarding the firm’s profitability and their corporation’s social responsibility. The term "corporate social responsibility" came into common use in the late 1960s and early 1970s after many multinational corporations formed the term stakeholder‚ meaning those on whom an organization ’s activities have an impact. It was used to describe corporate owners beyond shareholders. The field of corporate social responsibility (CSR) has developed
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