“The social responsibility can be defined as the obligation of the organization to act in ways that serve both its own interests (making a profit) and the interests of its stakeholder.” (Sandy Millar‚ Christopher Theunissen‚ 2008‚ P69) Socially responsible organization takes action to ensure that their activities do not affect any of the stakeholders in a negative way. The McDonald’s is the leading global foodservice retailer with more than 30‚000 local restaurants serving 52 million people in more
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and personal development Lack of definition of‚ or agreement on‚ organization’s objectives. 6) Interpersonal relationship at work Social or physical isolation‚ solitary work Poor relationship with co-workers and Interpersonal conflicts Bullying‚ harassment and violence No agreed procedures for dealing with complaints and problems 7) Role in organisation Responsibility for people 8) Career development‚ status and pay Job insecurity Poor pay Career stagnation or uncertainty For a bus driver
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does Starbucks’ policy of corporate social responsibility impact the company’s bottom line? According to Porter and Kramer (2006)‚ “Proponents of Corporate Social Responsibility (CSR)‚ use four arguments‚ moral obligation‚ sustainability‚ license to operate‚ and reputation as justification for implementing CSR programs and practices (p.3). Moral obligation is the duty to be a good citizen and do the right (socially responsible) thing. Sustainability requires responsibility managing both environmental
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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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Social Responsibility is the new buzz word in the world of business. “It’s no longer a question of if companies should engage in [corporate social responsibility]. It’s now a question of to what extent will they do so […]‚ “says Alison DaSilva‚ executive vice president for research and insights at Cone Communications (Brooks). The question‚ however‚ is not whether or not companies should be socially responsible‚ but how is that society defined and how is that social responsibly determined. In their
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Bimbo‚ was founded in 1945 by a Spanish immigrant to Mexico‚ few months after ending World War II. By 2016‚ the company produces more than 10‚000 products and has 171 plants in Mexico‚ the United States‚ Canada‚ Central and South America‚ Spain‚ Portugal‚ the United Kingdom and China. From the year 1997‚ Grupo Bimbo began an aggressive expansion process thought two forms: direct investment and acquisition (purchase of companies). In 1980‚ the company was listed on the Mexican Stock Exchange as a
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main component is of having a healthy society not suffering from unemployment and inflation. How is it possible to have social responsible executives acting as agents and not as political officials? (Freidman‚ 1970). • The role of the government is to set a balance between the legislative‚ executive and judicial branches. Thus‚ there must be a set of regulations on corporate executives in order not play the role of an elected political official and by not having the complete control in navigating
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Occasional Papers seek to present topics of general interest to a wide audience. IESE Business School – Universidad de Navarra Avda. Pearson‚ 21 – 08034 Barcelona‚ España. Tel.: (+34) 93 253 42 00 Fax: (+34) 93 253 43 43 Camino del Cerro del Águila‚ 3 (Ctra. de Castilla‚ km 5‚180) – 28023 Madrid‚ España. Tel.: (+34) 91 357 08 09 Fax: (+34) 91 357 29 13 Copyright © 2006 IESE Business School. IESE Business School-University of Navarra - 1 WHY BECOME A FAMILY-RESPONSIBLE EMPLOYER? Nuria Chinchilla*
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Social Business / Enterprise & Poverty Certificate Project Education and Corporate Social Responsibility HEC Paris 2010 Social Business/ Enterprise & Poverty Certificate Project Education and Corporate Social Responsibility Rong GAO “We cannot afford to create a lost generation of children deprived of their chance for an education that might lift them out of poverty.” – Irina Bokova‚ UNESCO Director‐General 1 Social Business / Enterprise & Poverty Certificate Project
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determine what is “foreseeable” or “reasonable” • Ethics‚ Law‚ and CSR o Ethics: study of right and wrong behavior o Business ethics: study of right and wrong behavior in the business world o Moral minimum: the minimum acceptable standard for ethical business behavior‚ normally considered compliance with the law o Corporate Social Responsibility (CSR): the idea that corporations should be accountable to society for their actions • 3 Approaches to Ethics o Duty-based: What are the relevant rules?
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