Milton Friedman suggests that businesses should only be responsible for making profits. If a business stays within the law‚ it is encouraged to do anything and go to any means necessary to maximize the bottom line. Other aspects such as customer happiness‚ impacts on society should not be its main concern. Porter and Kramer on the other hand suggest that we can create shared values in other words we can create economic value simultaneously by creating societal benefit and vice versa. Theoretically
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Social Business / Enterprise & Poverty Certificate Project Education and Corporate Social Responsibility HEC Paris 2010 Social Business/ Enterprise & Poverty Certificate Project Education and Corporate Social Responsibility Rong GAO “We cannot afford to create a lost generation of children deprived of their chance for an education that might lift them out of poverty.” – Irina Bokova‚ UNESCO Director‐General 1 Social Business / Enterprise & Poverty Certificate Project
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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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“The social responsibility can be defined as the obligation of the organization to act in ways that serve both its own interests (making a profit) and the interests of its stakeholder.” (Sandy Millar‚ Christopher Theunissen‚ 2008‚ P69) Socially responsible organization takes action to ensure that their activities do not affect any of the stakeholders in a negative way. The McDonald’s is the leading global foodservice retailer with more than 30‚000 local restaurants serving 52 million people in more
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Corporate Social Responsibility (CSR) is a very controversial topic. A question that has been debated for the past few decades is; is it corporately viable to introduce social responsibility as a proposed addition to the work ethic of business organisations. As well as‚ if adopting the framework of corporate social responsibility would yield positive improvements for those organisations. The purpose of this essay is to research the notion of CSR and uncover its true framework and outline what social
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Living Dangerously in Two Worlds In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility (CSR‚ also called corporate responsibility‚ corporate citizenship‚ and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers‚ suppliers‚ employees‚ shareholders‚ communities and other stakeholders‚ as well as the environment. This obligation
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One Belt One Road (OBOR) 1. Expectation on the market in the implementation of One Belt One Road One Belt One Road (OBOR) is a concept of integrated blueprint of the Silk Road Economic Belt (SREB) and the 21st-Century Maritime Silk Road (MSR) (“‘One Belt One Road’ initiative‚” 2015). Silk Road Economic Belt (SREB) is the creation of an economic land belt with the road connected that includes countries on the original Silk Road through Central Asia‚ West Asia‚ the Middle East and Europe. The 21st-Century
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it 1) Rights and responsibilities of employers and employees Employers and employees have responsibilities to each other‚ they should also expect their rights to be upheld. These rights and responsibilities relate to areas such as Health and Safety‚ the provision of Terms and Conditions of Employment‚ Equal Opportunities and the right to be paid a Minimum Wage. The Health and Safety at Work Acts set out responsibilities and rights for both employees and employers. Employees are expected
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Human‚ Physical and Technological resources Tesco use to make their business successful and effective. Human Resources The first resource that I am going to study is Human Resources. Human Resources are the people who work for Tesco. They need to be treated carefully and with respect. Tesco manage their staff in different ways to run successfully Staffing to meet changing business demands Staffing to meet changing business demands mean that Tesco now have a number of different staff working
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Introduction Mobile One (M1) is a telecommunications company based in Singapore. Launched in 1997‚ it was Singapore’s second largest mobile operator after Singapore Telecommunications. However‚ due to competition with the entry of StarHub in the mobile market‚ it is now the third largest mobile operator in Singapore in terms of number of subscribers. However‚ during its launch it gained tremendous support and managed to hold more than 35000 customers within few weeks. It offered variety of new
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