CORPORATE SOCIAL RESPONSIBILITY Definition:- [Carroll‚ 1979; 2008‚ 500]: "The social responsibility of business encompasses the economic‚ legal‚ ethical and discretionary expectations that a society has of organizations at a given point in time." EU Definition of CSR: "A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis." The World Business Council for Sustainable Development
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Corporate Social Responsibility MBA 688 Jurtyne R. Youngblood December 13‚ 2014 The social responsibility of corporations. It pertains to consideration of‚ and response to‚ issues beyond the narrow economic‚ technical‚ and legal requirements of the firm to accomplish social benefits along with the traditional economic gains that the firm seeks. The corporate responsibility of firms have been put to the side by managers‚ today the issues are now first on the corporate agenda (Peng‚ p. 363)
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What is Corporate Social Responsibility? In an age in which environmental and social issues are top of mind for many consumers‚ businesses can no longer exist in a bubble. Today’s shoppers aren’t just looking for the best price and quality — they expect the companies they patronize to do good with their dollars and make a positive impact on the world around them. To this end‚ many organizations are now making social responsibility a top priority. Corporate social responsibility (CSR) refers to a
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narrow view agree that the only role of business is the increase of profits. They believe that caring about the environmental‚ social and other problems should be the responsibility of government and non-profit making organizations sponsored by governments. (Pontinen J 2013 ) A bright supporter of the narrow view is Milton Friedman who claims that the only social responsibility a business has is to maximize the profits of its owner or shareholders. Friedman feels that as long as the corporate executive
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Assignment 1: Apple Inc. - Corporate Responsibility and Marketing Strategies Amber Craggette Instructor: Dr. Jean Fonkoua BUS508- Contemporary Business 07/19/2014 Apples ethics and social responsibility In researching the Apple Company’s Social (Supplier) and ethical responsibilities I found that their initiatives are geared toward Empowering Workers‚ Labor & Human Rights‚ Health & Safety‚ Environment and Accountability. I think their approach is interesting but I feel that a large company
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CORPORATE SOCIAL RESPONSIBILITY Corporate Social responsibility (CSR) what is it?????? According to the World Business Council for Sustainable Development‚ CSR is “the commitment of business to contribute to sustainable economic development……….” The primary purpose of CSR is to engage with the internal and external stakeholders. Generation of CSR: In the 1970s from Social Betterment to After 1970 to Social Responsiveness There have been three generations of development of CSR‚ they are:
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Social Responsibility of Whirlpool Corporation Whirlpool Corporation is a global manufacturer and marketer of major home appliances‚ with annual sales of more than $18 billion‚ more than 73‚000 employees‚ and nearly 70 manufacturing and technology research centers around the world. The company’s family of brands‚ including Whirlpool‚ Maytag‚ KitchenAid‚ Jenn-Air‚ Amana‚ Brastemp‚ Bauknecht‚ Consul and other major brand names to consumers in more than 170 countries. Whirlpool Corporation is
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his article‚ Put Profits First‚ “It is…simply good business for a company to cater to its customers‚ train and retain its employees‚ build long-term positive relationships with its suppliers‚ and become a good citizen in its community.” The social responsibility of business is to benefit not just the stockholders but also all of the constituencies. Some people believe however that it is not intelligent to put the investors second. T.J. Rogers says that shareholders are a huge part of the business
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Corporate Social Responsibility Corporate Social Responsibility (CSR) is a method in which organisations “give back” to society. This can be done through various means such as charity donations‚ sponsorships‚ becoming partners with schools etc. CSR is something that not only benefits the organisation but also benefits the public. An example of this is Mcdonalds Restaurants putting bins on areas surrounding their restaurants. Due to people buying food from their Drive-Through service‚ costumers will
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Mission-Vision-Social Responsibility UMUC Management and Organization Theory BMGT364 Professor Contee-Borders March 30‚ 2013 Mission-Vision-Social Responsibility Southwest Airlines: The Mission of Southwest Airlines “The mission of Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth‚ friendliness‚ individual pride‚ and Company Spirit”. (Southwest Airlines‚ 2008‚ p. 23) The Mission of Jet Blue Airlines Customer Bill of Rights Jet
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