for loan facility of one hundred million Tanzania shillings (TSHS. 100‚ 000‚ 000) of which tenor is projected to be two years following approval. I am dealing with hotel services or operations under the business name of SARAFINA HOTEL since January 2008 but officially registered under business name cap 212 on March‚ 2008. Due to increase in number of tourists‚ I have decided to expand the hotel for satisfying the larger number of customers. Hence I have to raise the extra working capital in order
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2. “Business will never be sustainable because profit is the main driver”. Discuss. Business sustainability and profits are two significant issues‚ which modern organization’s stakeholders are concerning. It is unrealistic that companies can achieve both optimal financial success and also preserve certain ethical dignities. Therefore‚ moral principles inevitable to be suffered as firm’s profit is higher prioritise‚ and even be sacrificed. It is critical to acknowledge that business ethics‚ which
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Corparate Social Responsibility Background Lord Holme and Richard Watts from The World Business Council for Sustainable Development in its publication Making Good Business Sense defined Corporate Social Responsibilty as 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 local community and society at large (Corporate Social Responsibilty 2004). UMW’s Corporate
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With the recent corporate scandals involving such companies as Enron and Martha Stewart‚ the concept of corporate social responsibility (CSR) has once again made its way to the forefront of contemporary management ideologies. However‚ CSR itself is not a new concept. In fact‚ societies as far back as the Ancient Mesopotamians (circa 1700 BC) incorporated CSR in their businesses. "King Hammurabi introduced a code in which builders‚ innkeepers or farmers were put to death if their negligence caused
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its business with hair dye products. In 1954‚ L’Oreal expanded its market into skin care field by entering into technological agreements with company Vichy. In 1960s‚ there was a rapid growing interest in simulating youthful looks. Therefore the company opened new cosmetological and bacteriological facilities to gain a significant entry into skin care‚ makeup and perfume markets. Companies such as Garnier and André Courrèges were added into the group. In 1993‚ L’Oreal was facing some ethics problems
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The policies of companies are relatively impacted by their corporate social responsibility. According to McWilliams and Siegel (2001:117) describe CSR as “actions that appear to further some social good‚ beyond the interest of the firm and that which is required by law.” A socially responsible corporation to consider taking a step ahead to embrace protocol and business rules that go above the slightest legal claims and commit to the benefit of its key shareholders. Primark is a clothing retailer
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Why has Corporate Social Responsibility become such a prominent part of the business world today? It is widely believed that Corporate Social Responsibility (CSR) is one of the most important tasks in the twenty century. Some people may consider that companies have always been the profit organizations‚ and social affairs are in charge by the government‚ which is a common sense that there are no directly relationships between each other. However‚ CSR is considered one of the key elements to sustain
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SeaWorld has a strong commitment overall as a company they have collaborated to include corporate social responsibility (CSR) and sustainable business practices in their parks always. Corporate social responsibility is a business approach that contributes to sustainable development by delivering economic‚ social‚ and environmental benefits for all stakeholders. SeaWorld has put in endless efforts within the community including partnering with hospitals‚ and organizations that assist children with
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contents of the British airways accounts I will also be writing a statement about the business and its progress‚ and describe what profit and loss accounts are. PROFIT AND LOSS ACCOUNT By law business are required to provide annual financial statements‚ which will appear in their company report‚ there are two main types of financial statements‚ one is balance sheet and the other is a profit and loss account. A profit and loss account is a record which can be updated regularly and generally shows
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Social responsibility is defined as the organizations obligation to maximize their positive impact on stakeholders‚ and to minimize their negative impact on stakeholders. Social responsibility embodies what is fair as well as represents stakeholder’s rights. Companies have the social responsibility to be profitable‚ to obey the law‚ to be ethical‚ and to be philanthropic. For example‚ social responsibility has a strong relationship with profitability because if a company’s image or conduct is questionable
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