PART A The concept of corporate social responsibility (CSR) is very modern and now applies to more and more business. As the nation population grows‚ the market also expands. The demand for companies that invest in CSR has increased the resent years from: customer; employees; suppliers; community groups’ government as well as some shareholder. Several authors argue that companies can gain enormous benefits by being social responsible. However‚ there are a large number of different views of companies
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The benefits and disadvantages of co-operate social responsibility By Mahamed Abdi Studying for Business SM1007 Student Number: 0747672 There is an ongoing debate over business roles in society which revolves around two opposing arguments. On the one hand‚ it is argued that CSR issues are not suitable to corporate agenda. This point of view maintains that corporations and society pursue different goals‚ and that the aims of one can only be achieved at the expense of the other. Companies
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Page No. 1. Introduction 3 2. Corporate Social Responsibility -What is corporate social responsibility 4 -Some arguments for CSR 4 -Importance of CSR and its advantages 6 3. Blended Value 8 4. Social Auditing 8 5. Ethical Responsibility -What are ethics? 9 -Benefits of ethical responsibility 10 -Effects of ethical responsibility 10 -How can promote ethical behavior
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Introduction Corporate social responsibility is a concept that has been around for decades. It emerged as an issue when law makers‚ stakeholders‚ and the general public began focusing on ethical and responsible corporate behavior‚ also referred to as “corporate citizenship” (Carroll‚ A.‚ 1998). According to Carroll (1998)‚ there are four facets of corporate citizenship. These facets are: 1) corporates fulfilling their economic responsibilities and be profitable‚ 2) corporates obeying the law
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aaron chatterji & siona listokin Corporate Social Irresponsibility Progressives need to end their fixation with corporate social responsibility—and focus on reform that actually works. fter years spent fruitlessly attempting to organize Wal-Mart‚ unions and other liberal activist groups have taken a new tack: a public campaign to force the Bentonville behemoth to become more socially responsible. In 2005‚ Andrew Stern‚ the president of the Service Employees International Union (SEIU)‚ created
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Corporate social responsibility – Milton Friedman versus Charles Handy Corporate social responsibility has been a controversy topic for many economists. Some think that a corporate does not have any social responsibility while others believe a corporate does have some social responsibility as it exists in the society and is using the resources of the society. Milton Friedman and Charles Handy are the two typical representatives for these two contrast ideas which are reflected through the two famous
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Corporate social responsibility is becoming a key initiative and an essential tool in the growth of multinational corporations and the development of third world countries throughout the globe. The two concepts can work hand in hand to provide benefits for all; however difficulties in regulating and implementing corporate social responsibility need to be overcome before effective changes can be made. Definitions of corporate social responsibility can be somewhat varied depending on the perception
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CO-OPERATE SOCIAL RESPONSIBILITY Social responsibility is an idea that has been of concern to mankind for many years. Over the last two decades‚ however‚ it has become of increasing concern to the business world. This has resulted in growing interaction between governments‚ businesses and society as a whole. In the past‚ businesses primarily concerned themselves with the economic results of their decisions. “Today‚ however‚ businesses must also reflect on the legal‚ ethical‚ moral and social consequences
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a. Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic‚ environmental and social imperatives (“Triple-Bottom-Line- Approach”)‚ while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction
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Corporate Social Responsibility Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes‚ (2) by contributing educational and social programs‚ and (3)
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