ACKNOWLEDGEMENT We would like to thank Mrs. M. V for giving us this opportunity to study the Social Responsibility in business. We would like to thank Mr. Rajesh Thomas (DGM - Compass Group Pvt. Ltd.) ‚ Mr. Senthil Kumar (Manager -Lovely Offset Printers Pvt. Ltd.) ‚ Mr. Ramachandran (Director – Kaushalya Aqua Marine Products Exports Pvt Ltd.) for their valuable time and their cooperation in sharing the necessary information. We would also like to thank the employees and customers of all the
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Hong Kong has the responsibility to reward the citizen in need with the profit they earned from the market. Nowadays‚ many people in society expect organizations or enterprises to be socially responsible to the society‚ which is called “social expectation”. The company can sense what society’s needs through the three level of social expectation so that knowing how expectations condition can give insights into the society’s every level. Under the socioeconomic view‚ the social expectations are
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Answers to Case Study – Norwest Corporation Q1. Discuss limitations in the reliability of the interest rate-sensitivity gap. As implied in the case‚ the methodology is to classify assets and liabilities in terms of the time to certain repricing events (maturity‚ adjustment upon a change in market rates‚ amortization of a portion of principal‚ expected prepayment of certain assets‚ and early withdrawal of liabilities before maturity). What factors would you cite to show weaknesses in the precision
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STARBUCKS COFFEE CORPORATION SOCIAL RESPONSIBILITY STRATEGY JJT2 SOCIAL RESPONSIBILITY TASK 1 Unknown Introduction Starbucks Coffee Corporation is a world renowned Fortune 500 company headquarter in Seattle‚ Washington USA. It was founded in 1971 with the sole mission to bring the unique Italian coffee experience to the masses. Its CEO Howard Shultz has successfully created a company brand where customers identify its coffee to a distinctive and premium experience. Starbucks Coffee
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Social Responsibility Report Mantoris Robinson MBA 5400 Fairmont State University Explain what social responsibility means to the author of the book you selected. How does he believe it relates to the current model of corporate accountability as structured through the legal system? The authors of “Natural Capitalism” in my opinion believes that the form in which corporate business creates capitalism is solely allied with social responsibility. If the world were to view capitalism as a living
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Social Responsibility Phoenix Student ETH/316 Social Responsibility Paper According to "Cambridge Dictionaries Online" (2013)‚ social responsibility is the practice of producing goods and services in a way that is not harmful to society or the environment.” [If the previous statement is a direct quote‚ be sure to indicate the entire quoted statement in quotation marks and include either the page or paragraph number from the source.] Two examples of social responsibility efforts or actions that
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A Discussion on Archie Carroll’s View of Corporate Social Responsibility 1 By Rodolfo Arango Archie Carroll’s hierarchical chart depicting the four components of his view on corporate social responsibility is sketched out as a pyramid for ease of use and understanding. The pyramids wide base‚ and the foundation of this theory‚ represents “economic responsibility” the basic building block for a positive corporation. This layer of the pyramid makes the distinction that it is the responsibility of
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Social responsibility is a business imperative that targets continuous improvement in order to impact and adapt to the social and ecological sustainability of the community. Social responsibility is a goal of perfection that will never be completely achieved. (Duckworth‚ Moore 2010) Social responsibility is split up into two opposing views‚ the classical view‚ which states that managements only goal is to maximise profits‚ and the socioeconomic view‚ which states that managements social responsibility
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SOCIAL RESPONSIBILITY MODES AND ROLES Social responsibility is an ethical ideology or theory that an entity‚ be it an organization or individual‚ has an obligation to act to benefit society at large. Social responsibility is a duty every individual or organization has to perform so as to maintain a balance between the economy and the ecosystem. A trade-off always exists between economic development‚ in the material sense‚ and the welfare of the society and environment. Social responsibility means
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“focusing on profit alone can create an unfavorable paradox that causes a firm to fail to achieve its objective” (Ferrell‚ Fraedrich‚ & Ferrell 2009). Company Q’s social responsibility is on a downward trend. Because Company Q took a gamble operating two stores in higher-crime-rate areas and lost‚ their current attitude toward social responsibility is comparable to stock trading: cut your losses and move on to more profitable ventures. This may seem logical from a profit-making perspective‚ however it
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