Sauder School of Business University of British Columbia Corporate Social Responsibility BASM 580B – Period 5 Instructor: Office: Phone: Email: Office Hours: Angela Kelleher HA 563 (604) 454-2243 Angela.Kelleher@sauder.ubc.ca Wednesdays 5:00-6:00pm‚ or by appointment Overview This course is designed to engage students in a discussion of Corporate Social Responsibility through a series of interactive learning activities. The course will begin with preparing the students to discuss and debate
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Ethics and Social Responsibility: In Business Ethical behavior and social responsibility are very different‚ but are commonly confused. A standard of moral behavior‚ behavior that is accepted by society as right or wrong that is ethics. Social responsibility is about improving the quality of relations with key stakeholders. Novo Nordisk defines it as putting values into action in the perspective of human
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their overall objective is to maximize wealth‚ grow their businesses and make profits. However‚ businesses and professionals are duty bound to conform to the ethical norms and acceptable conduct as determined by the society in which they operate. Businesses and professionals (e.g. accountants‚ lawyers etc.) are usually held to some ethical standard (code of conduct) and are considered to have an obligation to contribute to the betterment of society. Separate codes of ethics govern their operations which
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that any firm intending to produce SOMA must build an integer number of plants: 0‚ 1‚ 2‚.... Building Q plants costs each firm 3.5 × Q dollars. Each plant produces one unit of SOMA. If firm 1 builds Q1 plants and firm 2 builds Q2 plants‚ the market price p for one unit of SOMA will be 9 − (Q1 + Q2). For example‚ if firm 1 builds 2 plants and firm 2 builds 4 plants‚ the market price will be 9 − (2 + 4) = 3 per unit. At this price firm 1 will make a profit of 2 × 3 − 2 × 3.5 = −1 while firm 2 will make
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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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Goldman Sachs Finds Loopholes in Regulations to Maximize Profits In Is Goldman Sachs Too Big to Fail by Former Chief Economist at International Monetary Fund and co-author of the “13 Bankers” Simon Johnson mentions after consulting with four experts (Erik Berglof‚ Claudio Borio‚ Garry Schinasi‚ and Andrew Sheng) from various international organizations that if Goldman Sachs was hit with a “financial rock” the Government would not allow for Goldman to go bankrupt and would be bailed out again. Big
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and outlie of Profit and Non-profit facilities. Profit services provide excellent care with best out come in healthcare organizations as they have challenging business for rewarding customers. While non-profit services are the services worked by the government funding‚ their packaging usage is less and one of the best thing is that they have public who give their time and money for the organizations. Now a days‚ I believe that in any health care companies for non-profits and for-profits can become
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Corporate Social Responsibility Q1. Discuss the CSR Practices of any one organization of your choice. A: The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts‚ used the following definition. "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the
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reasons why the cash position for the business does not equal to the profit for the period. By showing the spreadsheet‚ two financial statements and looking into theories of matching principle‚ prepayments and accruals‚ provisions(bad debts and depreciation)‚ it is not hard to distinguish the cash flow from the profit. Content It is vital to understand the cash position and the profit do not necessarily go together when running business. Profitable businesses still can go out of business because
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CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS ETHICS ETHICAL AND UNETHICAL HACKING Acknowledgement We would like to express our special thanks of gratitude to our teacher‚ Professor Supriya Matthew who gave us the golden opportunity to do
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