Corporate Social Responsibility MBA 688 Jurtyne R. Youngblood December 13‚ 2014 The social responsibility of corporations. It pertains to consideration of‚ and response to‚ issues beyond the narrow economic‚ technical‚ and legal requirements of the firm to accomplish social benefits along with the traditional economic gains that the firm seeks. The corporate responsibility of firms have been put to the side by managers‚ today the issues are now first on the corporate agenda (Peng‚ p. 363)
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Necessary in relation to CSR Practices 22 Standard of Listed companies in Bangladesh with Regard to Social Audit 23 * Part Three: Objectives‚ Scope & Methodology of the Study Objectives 26 Scope 27 Methodology 28 * Part Four: Findings of the Study Sample Enterprises 30 Areas of Social Responsibilities Discharged 33 Reporting Practices 36 Evaluation 37 * Part
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treated this way? o How will it make me feel about myself? Would I feel proud if my family learned of my decision? My friends? Managing Businesses Ethically and Responsibly People learn their standards and values from observing what others do‚ not from hearing what they say. A business should be managed ethically for many reasons: o to maintain a good reputation o to keep existing customers o to attract new customers o to avoid lawsuits o to reduce employee turnover o to avoid government
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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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CHAPTER 1 Social Responsibility Framework • U.S. corporations should have more than one purpose. They also owe something to their workers and the communities in which they operate‚ and they should sometimes sacrifice some profit for the sake of making things better for their workers and communities. Source: "How Business Rates: By the Numbers‚ Business Week‚ Sept. 11‚ 2000‚ pp. 148-149. Social Responsibility Defined • Social responsibility What do you believe organizations should
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Corporate Social Responsibility (CSR) is defined as “situations where the firm goes beyond compliance and engages in ‘actions that appear to further some social good‚ beyond the interests of the firm and that which is required by law’.” (McWilliams‚ 2006) This cultural ideology includes less environmentally harmful manufacturing processes‚ recycling programs‚ products with environmentally-friendly technologies‚ employee empowerment regarding socially responsible practices‚ and active involvement
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natural environment. It is coming to know what it right or wrong in the workplace and doing what ’s right. It includes study of universal values which includes values such as essential of equality of all men and the essential equality of all men and women‚ human or natural rights‚ obedience to the law of land‚ concern for health and safety and‚ increasingly‚ also for the natural environment (Ethics‚ 2013) Social responsibilities are an organization obligation to make decisions that will enhance
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Corporate social responsibility is becoming a key initiative and an essential tool in the growth of multinational corporations and the development of third world countries throughout the globe. The two concepts can work hand in hand to provide benefits for all; however difficulties in regulating and implementing corporate social responsibility need to be overcome before effective changes can be made. Definitions of corporate social responsibility can be somewhat varied depending on the perception
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Corporate Social Responsibility Corporate Social Responsibility Corporate social responsibility (CSR) can be defined as the "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organizations at a given point in time" (Carroll and Buchholtz 2003‚ p. 36). The concept of corporate social responsibility means that organizations have moral‚ ethical‚ and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply
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Starbucks and Corporate Social Responsibility Robin Rieske‚ CPP‚ BA Southern New Hampshire University Starbucks‚ an international coffee store‚ began in Seattle in 1971 as a collaborative of three business partners. In the 1980’s Starbucks began to expand beyond Seattle and the chain began to go internationally. It is reported that as of August‚ 2012‚ Starbucks is now located in 58 countries making it an extremely viable force
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