ExxonMobil: Social Responsibility in a Commodity Market Fall 2011 1. Consider and discuss the impact of the rising price of gasoline on as many other products and services as possible. Drivers realize that the price of gas is tied to the market value of crude oil‚ and has a direct impact to their daily commutes‚ errands‚ and vacations. However the reality is that the price of fuel has implications much grater than most consumers realize. Fuel prices affect nearly everything we purchase.
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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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Obstructive Stance A company that takes an obstructive stance toward social responsibility attempts to defend its economic priorities by blocking any attempts to point out the company’s lack of social responsibility. An obstructive company does not make social responsibility an effort‚ instead making profits the most important aspect of its business. Some people view obstructive businesses as immoral since they may exploit their employees‚ pollute natural lands or deceive customers.(Breann Kanobi
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The phrase “Corporate Social Responsibility” originates with H. Bowen‚ who wrote “Social Responsibility of Businessmen” in 1953. Corporate Social Responsibility (CSR) is broadly used to describe businesses’ integration of social and environmental issues into decisions‚ goals‚ and operations. According to World Business Council for Sustainable Development “Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving
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The policies of companies are relatively impacted by their corporate social responsibility. According to McWilliams and Siegel (2001:117) describe CSR as “actions that appear to further some social good‚ beyond the interest of the firm and that which is required by law.” A socially responsible corporation to consider taking a step ahead to embrace protocol and business rules that go above the slightest legal claims and commit to the benefit of its key shareholders. Primark is a clothing retailer
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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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Social enterprises apply business solutions to social problems. The ultimate goal is to achieve sustainability by enabling non-profits to support themselves financially in innovative ways instead of relying solely on grants and donations. Since there are no shareholders in a non-profit organization‚ the profits from the related social enterprise are completely re-invested in the work of the organization. The emergence of revenue-generating activities for non-profits has created a new operating model
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40000 hair salons in France and L’Oreal new products which are O ’Cap‚ Imédia Liquide‚ and Coloral gained the most market share. In 1928‚ L’Oreal developed its diversification strategy by purchasing the soap company Monsavon. L’Oreal started its business with hair dye products. In 1954‚ L’Oreal expanded its market into skin care field by entering into technological agreements with company Vichy. In 1960s‚ there was a rapid growing interest in simulating youthful looks. Therefore the company opened
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MGT 400 Sustainability: Ethical and Social Responsibility Dimensions Faculty: Case Study Henry Siegel Student: Allen Johnson National University December 12‚ 2012 Table of Contents Introduction 3 Issues Raised 4 Textbook Questions 5 References 6 Introduction When making business decisions that impact the environment‚ there are often risks and issues that affect an organization. It is important to identify those issues and risks to promote sustainability.
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2.0 CORPORATE SOCIAL RESPONSIBILITY (CSR) The corporate social responsibility is an activity where it has been involved by almost all of the company in the world. However‚ normally it would be the big companies which will engage more in these corporate responsibility activities. According to Lord Holme and Richard Watts (2010)‚ Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of
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