What is Corporate Social Responsibility (CSR) and Sustainable Business? A Definition of CSR Corporate Social Responsibility (CSR)‚ Corporate Responsibility (CR) or Sustainable Business are commonly heard‚ but rarely understood‚ phrases. So what does it all mean? CSR is the process of assessing an organization’s impact on society and evaluating their responsibilities. CSR begins with an assessment of a business and their: * Customers * Suppliers * Environment * Communities
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concept that I personally believe the government has left to expectations‚ believing the multinational corporations would do what is ‘right’ by offering certain benefits to the society and the environment. As a result of this approach‚ Corporate and social responsibility has become a forgotten issue thus not playing a vital role in Nigeria as it does in some African countries and the developed world. Both the government and the corporations are happy to maintain that status quo and go on with business
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Corporate social responsibility II Business dictionary defines CSR as "A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes‚ (2) by contributing educational and social programs and (3) by earning adequate returns on the employed resources."[11] Corporate social responsibility (CSR‚ also called corporate conscience‚ corporate citizenship
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Wal-Mart Needs a Conscience Wal-Mart‚ one of the world’s top 500 companies‚ is famous for its low prices. As a premier company‚ Wal-Mart has served as a fantastic business model to many growing companies. Because Wal-Mart provides many job opportunities‚ the American unemployment rate is also reducing gradually. However‚ Wal-Mart practices “aggressive policies” (Featherstone) against its workers and labor unions that represent them. The vast majority of Wal-Mart employees‚ except for executives
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Corporate Social Responsibility We live in an increasingly complex and sceptical world full of corporate scandals‚ stock market downturns‚ an uncertain economy. All these things have diminished trust in the corporate sector and its leaders. Stakeholders have become more critical‚ especially when they hear about drilling activities in Nigeria and Greenpeace campaigns against a firm. Companies need to address this by demonstrating their positive impact on society and by taking appropriate measures
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Introduction Corporate Social Responsibility represents not just successful enterprise but also thinking on social andenvironmental aspects. Corporations must include the social and environmental aspects to the activities which leadtowards making profit. Corporate Social Responsibility answers the requirements of both the customers and personswho are co-operating with them in business activities. Corporate Social Responsibility positively affects the whole of society and regulates its impact on
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quarter of its South Asian plants.And in 2005 Nike returned to report its social and environmental practices. It said that staffs and employees work in a poor environment .Between 25% to 50% of its employees and staffs in the region restrict access to toilets and drinking water during the workday. Besides ‚ a lot of staffs have to work for extra hours per week and wage level is lower than other industries. These kind of social and environment issues not only happen in Nike ‚but also in many other industries
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Business Research Report Corporate Ethical and Social responsibility Presented to: Western Governors University Assessment Code: RWT1 – Competency 318.2.2 Student Name: Richard P. Shields Student ID: 92502 Date: August 7‚ 2009 Mentor Name: Rungrudee Suetorsak‚ Ph.D. Table of Contents Executive Summary 3 Introduction 4 Research Findings 5 1. Organization Environmental responsibilities: 5 2. Organizational image: 5 3. Organization Increase profits: 6 Recommendations 7 Conclusion
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Leadership‚ Ethics & Social Responsibility -‐ Term 2‚ 2014 CSR Analysis Assignment Submitted by Arun Sareen: Student No. 599078 Leadership‚ Ethics and Social Responsibility: CSR Analysis Assignment Purpose of this research is to critically analyse and evaluate the corporate social responsibility (CSR) policies
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of Corporate Social Responsibility Introduction Who We Are Universal Responsibility Solutions (URS) is a network of consultants geared toward analyzing corporate behavior and providing recommendations for improving corporate social responsibility efforts. We work with a plethora of global clientele committed to creating‚ implementing‚ improving and maintaining strong a presence of Corporate Social Responsibility (CSR) at their organizations. URS seeks to be the social responsibility
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