ARTICLE RESEARCH ARTICLE Social Responsibility towards Labour Welfare in Singareni Collieries Company Limited 1 P. Swapna* ABSTRACT This attempts at addressing the aspects of social responsibility of the business in light of labour welfare with special reference to Singareni Collieries Company limited. The linkages and the ethical considerations involved in employee welfare have been addressed with implications for labour welfare. The concept of social responsibility in its narrow contours
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Wal-Mart Social Responsibility Strategy “Social responsibility is the practice of producing goods and services in a way that is not harmful to society or the environment”. (Cambridge Dictionary Online‚ 2013) Walmart holds many accolades in the business world. It bosts over $400 billion in revenue annually. If this number were converted into GDP Walmart would have a larger economy than many countries combined and make it the 23rd largest economy in the world. Walmart and its
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increasingly‚ also for the natural environment (Ethics‚ 2013) Social responsibilities are an organization obligation to make decisions that will enhance the welfare and interest of society within legal and ethical constraints that extends beyond making a profit. Decisions made should not be unethical so that the reputation of the corporation is not jeopardized. Even though part of social responsibility is to increase profits by doing so organization have to stay within the rules of game which
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internal & external environment is meant to succeed. Corporate Social Responsibility is one paradigm that is the first to get affected with any kind of change in the organization. This study will relate whether strategic changes in an organization with respect to Corporate Social Responsibility activities are easily taken by the internal and external environment of an organization just because it is a Corporate Social Responsibility activity or it has to face challenges while implementations. As
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summer of 2015 for two months. From the morning until the noon‚ I was a counselor for children in 5th grade to 8th grade. My mornings consisted playing a sport with the children and then arts and crafts. From the noon until the end of camp I was a one-on-one counselor for a child with Autism. I was responsible for planning out her afternoons specifically for her. I made sure she had time to play in the playground‚ sandbox (which she loved)‚
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Firms Try to Maximize‚ if Anything?” Introduction Do firms really maximize profit? This question has been under debate since the 1940s and 1950s‚ when a wide number of mainstream neoclassical economists defended the assumption against a group of institutional economists that questioned the assumption as the norm in the industry. On the side of the neoclassical economists were Fritz Machlup and Milton Friedman‚ with institutional economists Richard A. Lester and Garnder C. Means opposing them
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CO-OPERATE SOCIAL RESPONSIBILITY 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 social consequences
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In the recent history‚ corporate social responsibility became one of the standards that companies are trying to achieve. According to Reference for business (ND)‚ corporate social responsibility (CSR) can be defined as "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organizations at a given point in time". Moreover‚ there are several key principles of CSR that have importance to the stakeholders. Stakeholders can be defined as “individuals or groups how depend on the
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Businesses Moral Responsibility Darryl A. Young April 18‚ 2008 Philosophy GEPI 140 One of the most important questions in all businesses is‚ whether businesses have any moral responsibilities at all beyond simply earning as much of a profit as possible for their owners? If you look at it from the business point of view they are only responsible for making a profit. The company is an agent of the shareholders and is responsible only to them‚ and only for making a profit. Looking at it from
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During Apartheid‚ Rugby symbolized the divide between white and black South Africans. The South African Springbocks was a team made up of only white Afrikaners‚ and its fans were also white Afrikaners. Black South Africans would go to the Springbock games and cheer for the opponents. It would give the blacks satisfaction seeing the whites‚ who harshly mistreated them‚ get beaten. After apartheid‚ Nelson Mandela changed the symbol of Rugby from separation to unification. A black player was added
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