Corporate Social Responsibility: What Went Wrong at GlaxoSmithKline? When London-based GlaxoSmithKline (GSK) paid a $750 million dollar settlement as part of a plea agreement that required it’s Cidra‚ Puerto Rico subsidiary SB Pharmco to plead guilty for knowingly selling contaminated medicine‚ it laid to rest any doubts that its business practices were in direct conflict with its commitment to both quality and to creating a strong ethical culture. There are‚ nevertheless‚ important issues
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Bonny van Dongeren BUS 508 Dr. Steed 28 April 2014 Corporate Responsibility and Marketing Strategies The Apple Corporation has very strong ethical and social responsibilities within the corporate world. Apple currently has a great position on their customer service and significant value. This is important when it comes to upholding a positive image. They have also violated a lot of these ethical and social responsibilities which has caused it to hurt Apple Corporation’s reputation. A couple of
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Briefly outline what Corporate Social Responsibility (CSR) is and how the initiatives on reporting CSR have developed over the past few decades. Explain what the Global Reporting Initiative is. Social responsibility has been a term used in business since the 1700’s with to focus then being child labour and increasing working conditions. It was only during the 1970’s when social responsibility gathered pace and a definition was given “The social responsibility of business encompasses the economic
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History Unilever was founded on 1 January 1930 by Antonius Johannes Jurgens‚ Samuel van den Bergh and William Hulme Lever‚ 2nd Viscount Leverhulme. 1930s : Business grew and new ventures were launched in Africa and Latin America. 1969 : The Company consolidated its African businesses under Unilever SA‚ with the following operating subsidiaries. 1972 : Unilever purchased A&W Restaurants’ Canadian division 1987 : Unilever strengthened its position in the world skin care market by acquiring
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Does Corporate Social Responsibility Affect Firms’ Performance?1 Laura Poddi2 Sergio Vergalli3 July 28‚ 2008 Abstract In the last two decades in the OECD countries there have been a raising development of firms certified as Social Responsible (CSR is the acronym of Corporate Social Responsibility). This kind of certification is assigned by private companies that guarantee that the behaviour of a certain firms environmentally and sociologically correct. Some papers (among others Preston
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The Hallmark of Leaders at All Levels PHIL320-1204A-09 Phase V Individual Project Robin Tolbert November 12‚ 2012 University of Colorado Technical Online Educationalist Russell Fail Corporate and Professional Ethics Part I. Classify the Ethical Issue Kellogg‚ Brown and Root (KBR) Charged with Suborning Nigerian Governmental Officials to Acquire Contracts. As early as the 1900 KBR began their business quest. The renowned KBR is ranked as one of the world largest top performance engineering
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Introduction: Unilever is an Anglo-Dutch company‚ with a history of colonial exploitation‚ on which it has gradually built its capital. Today it owns most of the world’s consumer product brands in food‚ beverages‚ cleaning agents and personal care products. Unilever employs more than 247‚000 people and had worldwide revenue of €48 760 million in 2002. Unilever has two parent companies: Unilever NV in Rotterdam‚ Netherlands‚ and Unilever PLC in London‚ United Kingdom. Both Unilever companies have
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It is now more compelling to every IT companies to have a laid down Code of Ethics in their organization. The idea is a way of establishing a Corporate Code of Ethics or Conduct. This Code of Ethics not only highlights ethical issues but also presents the organization’s values and principles. The United Nation also set a standard Code of Conduct. The Code of Conduct is respect for fundamental human rights‚ social justice and human dignity‚ and respect for the equal rights of men and women. Consequently
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relevant models. (15) 2. How does power effect in decision making for Corporate Social responsibilities. Kindly discuss one such initiative in details. (15) ****** Political Views Affect Firms ’ Corporate Social Responsibility‚ Study Finds ScienceDaily (Sep. 19‚ 2008) — A new study in The Financial Review establishes a relationship between political beliefs of corporate stakeholders and the corporate social responsibility (CSR) of their firms. Companies with a high CSR rating tend to be located
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CSR Corporate Social Responsibility: A Value Adding Business Function Prepared by: Randeep Moore Student ID: 301064174 BUS 421: Kim Trottier Abstract This paper examines the similarities and findings of three academic papers related to Corporate Social Responsibility (CSR) in accounting. Assumptions are made regarding the importance of CSR to the success of businesses. By looking at three different pieces of literature from the accounting field‚ there is strong evidence that suggests
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