• Csr Toyota
    agent of the stockholders or the customers or the employees, only if he spends the money in a different way than they would have spent it” ( M. Friedman 1970). Another defender of narrow view in corporate social responsibility is famous economist Adam Smith, whose “invisible hand” argument states...
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  • Corporate Social Responsibility
    market for virtue. Proponents of the narrow view argue that the only social responsibility of corporate organizations is to make profit. However, the adherents of the broader view have come up with a rival position that argues that corporate organizations have social responsibilities in addition to...
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  • Corporation Responsibility and Ethics
    state. However, with the given freedoms, they still exist within the legal system and considered as legal person, who has morally responsible for their actions. These morale responsibilities are classified as narrow and broader view. Narrow view primarily concerns for the interest of shareholders...
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  • Corporate Social Responsibility
    non-profit making organizations sponsored by governments. (Pontinen J 2013 ) A bright supporter of the narrow view is Milton Friedman who claims that the only social responsibility a business has is to maximize the profits of its owner or shareholders. Friedman feels that as long as the corporate...
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  • Charly
    of corporate responsibility, this view is consider as to be the broader view of corporate responsibility. Contrary to the narrow view which states that business have no social responsibility to the general public and community than to make money for the proprietor (s), the broader view states that in...
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  • Chapter 5 Notes
    responsibilities seriously. This commitment would mean ending all forms of retaliation against those who buck the system and rewarding employees for evaluating corporate decisions in their broader social and moral contexts. 3. Corporations should end their defensiveness in the face of public...
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  • The Only Rule of Business Is the Increase of Profits
    society. The rival views of corporate responsibility have narrow view and broad view. . These views consider issues based on mere “profit maximization” and "community service". I am more inclined to endorse Broad view. In my view the statement ‘the social responsibility of business is to increase profit...
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  • Corporate Social Responsibilities
    to be “socially responsible.” As such I would suggest that the appropriate approach is a reasonable synthesis between Friedman’s narrow perspective and a broader social responsibility position of Dudley. Besides that, it is also very important for business to focus on the role of corporate executive and the government when exercising social responsibility in order to gain the best returns for both business and society....
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  • The Importance of Stakeholders According to Business Leaders.
    stakeholder. If giving money to charity is viewing the community in a narrow sense, then what is social responsibility in a broader sense? Corporate social responsibility in ideal terms is when the stakeholder, in this case community, is taken into account at all levels of the decision-making...
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  • Dsjksjdks
    Broad view: Corporate governance is concerned with ensuring that firms are run in such a way that society’s resources are used efficiently. This broad view encompasses the narrow view when markets are perfect and complete so the Arrow–Debreu assumptions are satisfied. In this case if firms...
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  • Stakeholder Theory
    Stakeholder theory has been articulated in a number of ways, but in each of these ways stakeholders represent a broader constituency for corporate responsibility than stockholders. Discussions of stakeholder theory invariably present contrasting views of whether a corporation's responsibility is...
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  • Business Ethics
    moral decision? - Yes / Broader view. - Corp has legal status of a person - Courts hold corps accountable more and more. - Society accepts this idea of corporate responsibility. • Narrow View Defined. - Profit with the law. - Moral...
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  • Should Firms Go “Beyond Profits”?
    Should Firms Go “Beyond Profits”? Milton Friedman versus Broad CSR When trying to articulate the nature and scope of corporate social responsibility (CSR), a variety of opinions emerge. The primary CSR issue appears to be: Should firms go “beyond profits”? Part one of the paper begins by...
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  • Japan Corporate Governance
    consensus. Japan is perhaps the most extreme example. Instead of focusing on the narrow view that firms’ should concentrate on creating wealth for their owners, corporate governance has traditionally been concerned with a broader view. One way of articulating this view is that corporate governance...
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  • Transparency Is Key Aspect of Corporate Governance
    concentrate on the shareholders and not the broader picture that includes stakeholders but it is quite is a difficult to monitoring the manager’s behaviour and routine action. However, another approach to corporate governance adopts a broad view where corporate governance is seen as a web of...
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  • r6666t
    Concept of org srrfy The typically hierarchical arrangement of lines of authority, communications, rights and duties of an organization. Organizational structure determines how the roles, power and responsibilities are assigned, controlled, and coordinated, and how information flows between the...
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  • Telus Sustainability
    , efforts in reducing carbon foot print, energy conservation though LEED certified buildings, and charitable contributions. The Corporate Social Responsibility Report (CSR) 2011 explains the sustainability objective of Telus as “Integrate CRS considerations into our business”. In order to achieve...
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  • The Impert of Globalisation on Corprate Sociol Responsibility.
    shareholders. Whilst the phrase `Corporate Social Respon- sibility' may be gaining momentum, the concept itself is not new. The question as to whether corporations owe duties to broader stakeholders has been debated at various times throughout the twentieth century. Corporate Social Responsibility...
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  • Why the Companies Are Engaged in Csr Activities
    Should Not Abandon Social Responsibility. J. Bus. Ethics 83(4): 805- 812. Sachs S, Maurer M, Rühli E, Hoffmann R (2006). Corporate social responsibility from a “stakeholder view” perspective: CSR implementation by a Swiss mobile telecommunication provider.Corporate Governance 6(4): 506-515. Simpson W...
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  • The Business Case for Corporate Social Responsibility: a Review of Concepts, Research and Practice
    typically begin with the belief that it is in business’s long-term selfinterest – enlightened self-interest – to be socially © 2010 Blackwell Publishing Ltd and British Academy of Management Business Case for Corporate Social Responsibility responsible. This view holds that, if business is to...
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