Sports maunfacutring industry | Environmental‚ Sustainability and Social Responsibility | Adidas versus Nike | | | 12/8/2011 | | Group #1 Adidas vs. Nike 12/08/2011 Environmental‚ sustainability and social responsibility reports are always created for vast amounts of companies around the world. Adidas and Nike are huge competitors in the sports manufacturing industry. Adidas is the second largest manufacturer of sporting equipment and clothing in the world behind the
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Corporate Social Responsibility (CSR) and its importance Definition Corporate Social Responsibility can be define as the idea that socially responsible companies will outperform their peers by focusing on the world’s social problems and reviewing them as opportunities to build profits and help the world at the same time. In other sentence CSR is about how companies manage the business processes to produce an overall positive impact on society. It means company need to answer to two aspects of
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Introduction In order to maintain social order and stability‚ people create a lot of rules to conduct the people’s behavior. A part of these rules of conduct is included in the scope of the law‚ which needs the coercive power of the country to protect its implementation. The other part belongs to the moral category‚ and it needs to rely on self-reflection and intervention of public opinion which can assurance its implementation. The business ethics is a part of commerce responsibility‚ and it is also a part
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International Corporate Social Responsibility (CSR) Module Overview This module introduces you to Corporate Social Responsibility (CSR). This is the idea that‚ in addition to their primary function of making money for the benefit of shareholders‚ businesses have a wider responsibility to the society in which they exist. Although some business people and economists continue to argue that this in not what businesses are for‚ and quote Adams Smith’s dictum that ‘I have never known much good done by
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is Corporate Social Responsibility? The theory of corporate social responsibility (CSR) is best elucidated by the statement that a company should take a wider view of how its actions and success impact society and stakeholders. CSR identifies that "doing well" and "doing good" go hand in hand. (Leadership and CSR: a Perfect Match). A commonly used definition provided by the World Business Council for Sustainable Developement states that CSR is "Continuing commitment by a business to behave ethically
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corporate responsibility: stockholder theory and stakeholder theory. Stockholder theory maintains that profit for stock owners represents the main moral obligation of the corporation. Stakeholder theory takes the view that groups other than the stockholders‚ such as the community at large‚ have a vested interest in the management of the corporation. The types of corporate social responsibility typically align with the stakeholder theory that corporations have responsibilities beyond profit. Environment
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with social responsibility in its overall corporate strategy? “I think that Starbucks has been concerned with social responsibility in its overall corporate strategy because in the long run it affects the bottom line. By being socially responsible‚ the business is also showing that they care about more than their profits. Caring about more than just profits allows for greater employee commitment‚ investor loyalty‚ as well as higher customer satisfaction. Research has also shown that social responsibility
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“Corporate Social Responsibility and Ethics” Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades‚ however‚ it has become of increasing concern to the business world. This has resulted in growing interaction between governments‚ businesses and society as a whole. In the past‚ businesses primarily concerned themselves with the economic results of their decisions. “Today‚ however‚ businesses must also reflect on the legal‚ ethical‚ moral and
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Social Responsibility of Business Entities Some people believe that businesses have a duty to create a good impact on society while providing a profit for their shareholders‚ this is social responsibility. While the concept of social responsibility has many believers and critics‚ it has been shown that consumers will not purchase goods or services from a company they feel is not trustworthy. A company’s reputation does play a role in determining if it succeeds or ultimately fails. In
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Corporate Social Responsibility An Implementation Guide for Business Paul Hohnen‚ Author Jason Potts‚ Editor Corporate Social Responsibility An Implementation Guide for Business Paul Hohnen‚ Author Jason Potts‚ Editor ii Corporate Social Responsibility: An Implementation Guide for Business © 2007‚ International Institute for Sustainable Development The International Institute for Sustainable Development contributes to sustainable development by advancing policy recommendations on
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