Economists are of the view that the social responsibility of business should be limited to its economic duty. Discuss. In broad terms‚ social responsibility is an ethical theory that an entity‚ be it a company or an individual has an obligation to conduct its activities to benefit society at large. Carroll‚ in his 1991 article "The Pyramid of Corporate Social Responsibility‚ identifies four areas that make up a corporate social responsibility pyramid: legal‚ economic‚ ethical and philanthropic
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for groceries‚ electronics‚ toys and clothes in different stores‚ customers will just be able to shop at the same place. Much more time can be saved to do other activities during the day. • Low Prices support the Poor The biggest reason for Walmarts success in the bussines world is the low prices they provide to the customers. Wal-Mart has always had the lowest price of any of its competitors. Samuel Walton believe that the small amount of profit he would lose from lowering the prices would
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• Details of CSR of the top 500 companies o 3M India Ltd - Bangalore: Kar:Income -Rs 260 Cr :CSR -Pollution Drive‚sustainability solutions:CSR Rating:3/5 o Aarti Industries Ltd - Mumbai :Mah : Income -Rs 660 cr :Karmayog CSR Rating- 0/5 o Aban Loyd Chiles Offshore Ltd - Chennai‚TN:Income-Rs 300 cr :CSR-health‚upliftment‚disaster :CSR Rating- 2/5 o ABB Ltd - Bangalore‚ktk: Income -2300cr : CSR -environment ‚ Disability : CSR Rating -2/5 o Abbott India Ltd. - Mumbai‚ Mah:Income-Rs. 460
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e s 14/10/2011 Wal-Mart Case Study Strategy Management Presented By Group 6‚ Section D Name Roll No. Abhishek Suryawanshi 2011PGP913 Aditya Kiran Nori 2011PGP514 Pankaj Gupta 2011FPM09 Abhishek R Pai 2011PGP508 Snehal Jogdand 2011PGP667 Someswar Basak 2011PGP891 Shriraman S 2011PGP879 14/10/2011 Wal-Mart Case Study Strategy Management Presented By Group 6‚
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Social Responsibility? The theory of corporate social responsibility (CSR) is best elucidated by the statement that a company should take a wider view of how its actions and success impact society and stakeholders. CSR identifies that "doing well" and "doing good" go hand in hand. (Leadership and CSR: a Perfect Match). A commonly used definition provided by the World Business Council for Sustainable Developement states that CSR is "Continuing commitment by a business to behave ethically‚ and contribute
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date and time I was conducting traffic enforcement in the area of Richey Drive and Wilkins Street. While traveling South on Wilkins Street‚ I observed a black‚ Ford Ranger traveling in the same direction. I was directly behind the vehicle exiting Walmart. As the vehicle approached the stop sign‚ it faled to stop and traveled straight through the traffic control device without attempting to stop. I activated my emergency lights and sirens to conduct a traffic stop. The final rest both both vehicles
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of Eicher Motors‚ which other CSR activities you would have undertaken that would have aligned well with the current CSR activities? The case study on Eicher Motors CSR activities manifests a lot about company’s sincere interest towards socio-economic development‚ environment and community upliftment. The Company seems to have promoted various initiatives through EMP program and formulated mitigation measures to address environmental concerns/risks. Current CSR initiative taken by Eicher Motors
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References: FreeOnlineResearchPapers. (n.d.). Wal-mart unethical business practices - business research paper. Retrieved from http://www.freeonlineresearchpapers.com/walmart-unethical- business-practices IQUnions. (n.d.). Corporate watch: Walmart. Retrieved from http://www.iqunions.org/walmart- unethical-work-practices.html
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Wal-Mart – Stakeholder and CSR policies Executive summary In this report I’ll try to show why Wal-Mart decision 8 years ago to develop a stakeholder management and a corporate social responsibility plan was a good decision for the company. The company realised that its image wasn’t really good in the public opinion; they were unable to communicate and reach the African-American community‚ they have a bad reputation toward women and also suffer from a lot of critics about their negative effect on
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corporate policy‚ workplace practices and standards. To help meet these challenges‚ Porter and Kramer provide a holistic CSR approach for IHRM. The ‘inside-out’ approach maps the social impact of the HR activities value chain to identify positive and negative social impacts. The ‘outside-in’ approach diagnoses the social dimensions of a company’s competitive context to identify both CSR risks and opportunities. Additionally‚ by understanding cross-cultural nuances‚ alongside catering functional HRM activities
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