Paris. Within 2 years‚ he registered his own company as “La Societe Franeaise des Teintures inoffensives pour Cheveux”‚ which soon became L’Oreal. In 1920‚ the company employed 3 chemists in the laboratory. At the end of the year‚ there were 40000 hair salons in France and L’Oreal new products which are O ’Cap‚ Imédia Liquide‚ and Coloral gained the most market share. In 1928‚ L’Oreal developed its diversification strategy by purchasing the soap company Monsavon. L’Oreal started its business with
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Assessment Criteria Allotted Marks % Earned Marks % C1 Contents : (Currency‚ relevance and attention to details) 20 C2 Validity : (Consistency‚ strength of the arguments and validity of the reasoning) 25 C3 Suitable Conclusions drawn 10 C4 Formatting (language‚ report format) 5 Total Marks 60 Penalty for exceeding the word limit Final Marks Personal Development Profile Assessment Criteria Allotted Marks
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important for organizations‚ managers‚ employees to practice sound ethical decision making? Why or why not? Yes‚ it is important because not only do they hold their company’s reputation on the line they also are responsible for the lives of the people that are working for them and the environment that they are working in. When an unethical decision is made it can be penalized with fines and even jail time depending on the severity of the situation. 2) What are the 4 types of corporate social responsibilities
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Personal Responsibility: Defining One’s Worth Personal Responsibility: Defining One’s Worth “Personal responsibility is concerned with people taking individual accountability for their decisions and actions‚ together with the outcomes they create and their impacts on others”. (Malby‚ 2009). Self-responsibility is one of the first lessons we learn; this starts as an adolescent and continues until we take our last breath on this earth. Lessons learned from responsibility may be
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Why should the factor of political stability be at the very top of the list of criteria used to evaluate the attractiveness of potential foreign investments? There are several issues that should be considered when evaluating the attractiveness of a potential foreign investment. Among them we can stress three main groups of criteria: general market risks‚ commercial risks and political risks (the ones in focus in this essay). Political risks are caused by changes in a country’s political structure
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are popular‚ the countries still promote them and want more people to come. This is because tourism is very important for the economy but not in all cases for the citizens. If so‚ should countries encourage tourism? Firstly‚ tourism leads to the development of the country. The desire to attract tourists to a certain area often encourages governments to improve local facilities which is beneficial for both‚ citizens and tourists. On the other hand‚ the development of the country must be somehow
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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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GE conform with the “General Principles of corporate Social Responsibility” set forth in the section of that title in the chapter? Here some of the General Principles of Corporate Social Responsibility that should be exercised by the managers: 1. Corporations are economics institutions run for profit. This are their main responsibility‚ they are oriented to the financial incentives‚ and not in the term that have to be able to meet the social objectives without financial incentives. In this case
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interesting period for businesses. With the invention of social media and the availability of information on-demand through the internet and mobile devices‚ businesses are constantly facing scrutiny from the public eye in regards to how they conduct themselves. Gone are the days of the 90’s when a business didn’t have to place much emphasis on their ethical responsibilities. Today however‚ a business must be very precise and careful in how it operates. Whether it be which political party they support‚ or their
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Should countries encourage tourism? Nowadays‚ it is almost a routine‚ that people every year go to holidays. Often they travel to the places abroad‚ and also it should be mentioned‚ that these places are in most cases popular and well-known. In sprite of the fact that these places are popular‚ the countries still promote them and want more people to come. This occurs on the grounds that tourism is very important for the economy of “host” country but not in all cases for the citizens. As the result
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