"Do You Think Corporations Have Any Responsibility To Society Beyond Obeying The Law And Maximizing Return To Shareholders" Essays and Research Papers

Do You Think Corporations Have Any Responsibility To Society Beyond Obeying The Law And Maximizing Return To Shareholders

how corporations have embedded a social responsibility in their mission statements and company objectives. This leaves us with one assertion that is that corporations do have some level of obligation towards society’s morality; however, the corporation itself is not a moral agent (Klaus M. Leisinger). The discussion that follows is about corporations being moral agents or otherwise; however I will reach a conclusion that corporations do have an obligation that extends beyond obeying the law; evens...

Business ethics, Core issues in ethics, Corporate social responsibility 1479  Words | 4  Pages

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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 discussing common CSR definitions. Part two outlines the CSR debate in terms of the “narrow view” of CSR (as represented by Milton Friedman) versus the “broad view” (i.e., beyond profits). Most people today, whether...

Business ethics, Corporate social responsibility, Ethics 2235  Words | 7  Pages

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Rethinking the Social Responsibility of Business

Rethinking the Social Responsibility of Business By Thomas Malthus (See note at the bottom of the page) Thirty-five years ago, Milton Friedman wrote a famous article for The New York Times Magazine whose title aptly summed up its main point: "The Social Responsibility of Business Is to Increase Its Profits." Friedman had no patience for capitalists who claimed that "business is not concerned 'merely' with profit but also with promoting desirable 'social' ends; that business has a 'social conscience'...

American libertarians, John Mackey, Philanthropy 2335  Words | 7  Pages

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Business Moral Responsibility

Businesses Moral Responsibility Darryl A. Young April 18, 2008 Philosophy GEPI 140 One of the most important questions in all businesses is, whether businesses have any moral responsibilities at all beyond simply earning as much of a profit as possible for their owners? If you look at it from the business point of view they are only responsible for making a profit. The company is an agent of the shareholders and is responsible only to them, and only for making a profit. Looking at it...

Business, Corporation, Ethics 1372  Words | 4  Pages

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Corporations Law

1.0 Areas of law Corporate social responsibility (CSR) has long been a touchy issue for governments not just in Australia, but around the world as well. Companies in Australia are governed by the corporation’s act, which outlines the legal capacity and power of a company. The Corporations Act 2001 (Cth) s 57A1, defines a corporation as a separate legal entity, that includes any corporate body and unincorporated bodies that may sue, be sued or hold property in the name of an office holder appointed...

Companies, Companies Act 1985, Company 1502  Words | 11  Pages

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Corporate Social Responsibility

by a corporation to develop socially responsible policies in the areas of work and family life, community welfare, ecology and human rights. Business today has recognized that in order to be successful they must earn the respect and confidence of their customers. Although the bottom line is the concern of any business, companies have now recognized that they have a social and moral obligation to care for the citizens of the world in which they profit. Socially responsible corporations exist...

Business ethics, Coffee, Corporate behaviour 2468  Words | 7  Pages

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New Belgium Brewing: Social Responsibility as a Competitive Advantage

Brewing (A): Social Responsibility as a Competitive Advantage 1. What environmental issues does the New Belgium Brewing Company work to address? How has NBB taken a strategic approach to addressing these issues? Why do you think the company has taken such a strong stance toward sustainability? New Belgium Brewing Co. (NBB) is a craft beer leader that embraces sustainability and corporate responsibility. For New Belgium, social, ethical, and environmental responsibilities are as important to...

Beer, Brewing, Corporate social responsibility 792  Words | 3  Pages

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Shareholder Value Maximization

2.6 Is Shareholder Value Maximization the Right Objective? In their widely cited book The Value Imperative—Managing for Superior Shareholder Returns, McTaggart, Kontes, and Mankins (1994) write, Maximizing shareholder value is not an abstract, shortsighted, impractical, or even, some might think, sinister objective. On the contrary, it is a concrete, future-oriented, pragmatic, and worthy objective, the pursuit of which motivates and enables managers to make substantially better strategic and organizational...

Fiduciary, Management, Shareholder 1124  Words | 3  Pages

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Milton Friedman, “the Social Responsibility of Business Is to Increase Profits”

Milton Friedman, “The Social Responsibility of Business is to Increase Profits” In the article, “The Social Responsibility of Business Is to Increase Profits,” Friedman states that “businessmen believe that they are defending free enterprise when they proclaim that business is not concerned merely with profit but also with promoting desirable social ends.” This social responsibility is defined as Corporate Social Responsibility (CSR), which is the belief that “corporations owe a greater duty to their...

Business, Corporate governance, Corporate social responsibility 1188  Words | 4  Pages

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‘The main responsibility of business is to increase the profit for its shareholders – discuss ’

Formative Essay Business Ethics and Society ‘The main responsibility of business is to increase the profit for its shareholders – discuss ’. First I am going to explain the role of shareholders and how they affect the decision making of businesses. I will then discuss other stakeholders and the responsibilities that the business ‘owes’ to them. I also plan to look at examples of real life businesses that have made decisions based on the different stakeholder’s needs and wants and compare...

Applied ethics, Business, Business ethics 918  Words | 3  Pages

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Corporation Responsibility and Ethics

1. INTRODUCTION Corporation can be explained as an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct form those of its members. The corporation may exist for the purpose of profit or non profit oriented. By the early 18 century, corporations are owned and control by government authorities. At the late 18 century, the old economic policies and theories are eliminated...

Business, Business ethics, Corporate social responsibility 2264  Words | 7  Pages

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Do You Think Shareholder Activism Works

IN YOUR OPINION DYOU THINK SHAREHOLDER ACTIVISM WORKS, WHY OR WHY NOT Shareholder Activism refers to a range of actions taken by a shareholder to influence corporate management and board. Actions range from threatening the sale of shares (“exit”), letter writing, meetings management, to asking questions at shareholders meetings and the use of corporate voting rights. The common definition of a shareholder activist is a shareholder “who tries to change the status quo through the “voice”, without...

Corporate governance, Hedge fund, Institutional investor 1896  Words | 6  Pages

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Law 421 Week 4 Assignment

| Are Owners Liable for the firm’s debt? | Do Owners manage the firm? | Does an Ownership change dissolve the firm? | Access to Capital | Taxation | Sole Proprietorship | There is only one owner of a Sole Proprietorship. | The owner of a sole proprietorship is completely liable for paying any and all business debts. This also includes any losses, taxes, and lawsuits. If the firm cannot pay the debts incurred, the owner must use personal property or any other stock or such from another business...

Business law, Corporate tax, Corporation 1340  Words | 4  Pages

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Bakan Calls Corporations ‘Psychopathic Creatures’. Is This Too Harsh a Judgment?

The Corporation by Joel Bakan With the first corporation being found in the fourteenth century, the rise of one of the world’s most dominant institutions began. Today fifty-one of the hundred largest economies in the world are corporations while only 49 are countries, when comparing the corporate sales revenue and country GDPs (Shah, 2002). Due to their size and power, corporations increasingly exert influence on society and the environment in a negative way. But instead of blaming the system...

Antisocial personality disorder, Conduct disorder, Corporation 1453  Words | 5  Pages

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Shareholder and Stakeholder Approaches

this report, purposes of corporations are investigated under two different approaches on corporate value maximization: Shareholder Approach and Stakeholder Approach. So, firstly both approaches are defined briefly. Secondly, compare and contrast of shareholder and stakeholder approaches is made. Keywords: Purpose, Corporation, Value Maximization, Shareholder Approach, Stakeholder Approach. Shareholder Approach on Value Maximization: Shareholder approach on value maximization...

Business ethics, Economics, Shareholder 1466  Words | 5  Pages

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Corporate Responsibility Is Defined In Chapter 5 As The Corporate Duty To Create Wealth By Using Means That Avoid Harm

 Corporate Social Responsibility: The Welch Era 1. Corporate responsibility is defined in chapter 5 as the corporate duty to create wealth by using means that avoid harm, to protect, or enhance societal assets. The question whether GE fulfilled this duty during the reigning period of CEO ,Jack Welch is a topic of much debate. Personally, I have thought long and hard about which side of the argument to be on with this conversation. Having looked at GE during the Welch years from many angles and...

Business ethics, Corporate behaviour, Corporate social responsibility 1629  Words | 4  Pages

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Cooperate Social Responsibility

Corporate Social Responsibility Corporate Social Responsibility Corporate social responsibility (CSR) can be defined as the "economic, legal, ethical, and discretionary expectations that society has of organizations at a given point in time" (Carroll and Buchholtz 2003, p. 36).  The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply...

Applied ethics, Business ethics, Corporate social responsibility 848  Words | 4  Pages

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Social Responsibility of Corporations

Social Responsibility 1. If you were the manager of “Bally’s Grand Casino”, would you treat Elaine Cohen any differently? What would Friedman (“Increase Profits”) and Allen (“Schizophrenic Conception”) advise the manager to do? Use ethical methods and legal concepts to support your position. Elaine Cohen, a 73 year old widow, is a consistent gambler who spends her retirement savings on casino gambling. The Bally Grand casino, where Elaine spends her money, is treated very well. The casino “comps”...

Board of directors, Casino, Corporate social responsibility 1130  Words | 3  Pages

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Corporate Social Responsibility

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...

Capitalism and Freedom, Corporate social responsibility, Corporation 903  Words | 3  Pages

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corporate social responsibility

CORPORATE SOCIAL RESPONSIBILITY CSR responsibilities that are analogous to those of other members of the moral community, and these responsibilities fall into four groups:  1. Economic Responsibility 2. Legal Responsibility 3. Ethical Responsibility 4. Philanthropic Responsibility Economic Responsibility  responsibility of a business to make money. "Required by simple economics, this obligation is the business version of the human survival instinct. Companies that don’t make profits...

Business ethics, Core issues in ethics, Corporate social responsibility 1295  Words | 4  Pages

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Roa vs Roe and Shareholders

------------------------------------------------- Chapter 1 1. Agency Problems. Who owns a corporation? Describe the process whereby the owners control the firm’s management. What is the main reason that an agency relationship exists in the corporate form of organization? In this context, what kinds of problems can arise? R= The owners of a corporation are the Shareholders. They control the firm’s management by controlling the corporation’s direction, policies and activities. First, they...

Balance sheet, Cash flow, Financial statements 2021  Words | 5  Pages

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Corporate Social Responsibility

Corporate Social Responsibility Social responsibility, which appears in the media very often, refers to a kind of obligation that that is acted to benefit the society. People and organizations cannot live or operate in a vacuum – they must have some connections with the environment and the society in which they operate and live on. Social responsibility represents this relationship positively. According to the International Organization for Standardization (ISO), this kind of relationship is "a...

Business, Business ethics, Corporate social responsibility 1899  Words | 5  Pages

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Does a Business Have Any Social Obligation Beyong Profit Motive?

BAKHTYAR Topic: Does a business have any social obligation beyond profit motive? Sources Used: Arthur Miller, All My Sons, Ferdinand Tonnies, The Argument The Ethics of Business, The Economist Profit Motive, The Guardian Consideration of social responsibility is an important concern for the successful operation of a business. A business can be structured with the sole intention of maximizing profit, or it can be structured in a way in which social obligation beyond profit is considered. The two...

Business ethics, Corporate social responsibility, Ferdinand Tönnies 2563  Words | 7  Pages

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Strategy of Corporate Social Responsibility

politics and the society environment of the enterprise being at. If an enterprise wants to operate in the long run, it needs to be concerned about the problem of its surrounding environment. Also, only a corporation which can shoulder responsibilities of society and obey the rule of ethic deserves to obtain support from the society. In this essay, I am going to discuss about whether if the strategy of Corporate Social Responsibility is relevant. The concept of Corporate Social Responsibility (CSR), like...

Business ethics, Corporate social responsibility, Corporation 815  Words | 3  Pages

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Social Responsibility in Business

companies, it is apparent that corporations claim to prioritize social responsibility. Companies like Whole Foods, Ben &Jerry’s, Camano Island Coffee Roasters all actively contribute to different social causes. Even Philip Morris prioritizes “actively [participating] in societal concerns that are relevant to [its] businesses” over generating returns for its stockholders (Philip Morris, 2011). There are many different views on the extent to which corporations should be involved in societal...

Business ethics, Corporate social responsibility, Ethics 2186  Words | 7  Pages

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The Corporation - Book Review

The Corporation: A Book Review Joel Bakan’s book, The Corporation: the Pathological Pursuit of Profit and Power, is a decisive look into the mind of the corporation, or big business. It outlines the importance of profit in business and how ruthless corporations are willing to be in order to bring in substantial revenue. The book uses a historical timeframe to portray the ruthlessness of business ever since the idea of the corporation arose in the 17th century. It provides an insight into a world...

Business, Corporation, Joel Bakan 1657  Words | 5  Pages

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The Corporate Social Responsibility of a Business

 'The Corporate Social Responsibility of Business is to Maximise Shareholder Wealth' Discuss. To understand corporate social responsibility we must first understand what a corporation is. A corporation is “an ingenious device for obtaining individual profit without individual responsibility” according to Bierce in his Devil's Dictionary. (cited in Vallely. B, Article) The European Commission defines corporate social responsibility as “a concept whereby companies decide voluntarily to contribute...

Board of directors, Business ethics, Corporate governance 2101  Words | 7  Pages

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Views on Corporate Social Responsibilities

Corporations practicing stakeholder management will be more sustainable. Discuss. Introduction The perceptivity of sustainability is both in the sense of achieving long-term success and as survivability of a corporation (Zink, Steimle & Fischer 2008). Dunphy, Griffiths and Benn (2003) conceive corporations as channels of social purpose, constructed within society to attain useful social objectives. Henceforth, corporate social responsibility commits a significant role towards the sustainability...

Business ethics, Corporate governance, Corporate social responsibility 2068  Words | 7  Pages

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Group Stakeholder's Analysis: Private Prison Corporation of America

Group Stakeholder’s Analysis Private Prison Corporation of America, a contemporary corporation in the business of privatized prisons, must regard its stakeholders’ concerns when deciding among its possible courses of action considering its future endeavors with its private prisons. The following will present a stakeholder’s analysis for the actions recommended for the Private Prison Corporation of America, and how this course of action best affects its stakeholders, and how these actions relate...

Government, Law, Police 2001  Words | 3  Pages

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The Primary Goal of a Firm Has Been Held Out to Be Shareholder Wealth Maximization Which Translates to Maximizing Stock Prices. in Light of This Statement, Do You Think Firms Have Any Responsibility to Society?

MBC 703 –CORPORATE FINANCE & ACCOUNTS ASSIGNMENT: The Primary goal of a firm has been held out to be shareholder wealth maximization which translates to maximizing stock prices. In light of this statement, do you think firms have any responsibility to society? BY Akanji Emmanuel olusegun BSU/MS/MBA/08/3104 FACULTY OF MANAGEMENT SCIENCE MASTER OF BUSINESS ADMINISTRATION (MBA) BENUE STATE UNIVERSITY MAKURDI. AUGUST,2010 1...

Business, Business ethics, Corporate social responsibility 2889  Words | 10  Pages

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The Ideal Role for Business in Society

The Ideal Role for Business in Society Introduction Business has been going along since long before money, insurance plans, and global warming were even a glimmer in someone’s mind. The days of trading your skill for what you needed are still present today, but in a much different realm. Most people do not rely on their neighbor to grow vegetables for their family to eat while they herd the sheep. Disposing of chemicals and building a greener society were not a worry on the mind of anyone many...

American Broadcasting Company, Burbank, California, Disneyland Park 1246  Words | 4  Pages

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Social Responsibility

Social Responsibility Report Mantoris Robinson MBA 5400 Fairmont State University Explain what social responsibility means to the author of the book you selected.  How does he believe it relates to the current model of corporate accountability as structured through the legal system? The authors of “Natural Capitalism” in my opinion believes that the form in which corporate business creates capitalism is solely allied with social responsibility. If the world were to view capitalism as a living...

Accountability, Business, Corporation 1617  Words | 5  Pages

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Corporate Social Responsibility Definition

Corporate Social Responsibility (CSR) is, how people define and how I understand this term? According to my research and observations, CSR does not have only one and constant definition. I have read a lot of definitions of CSR and in fact, they are similar but not the same. Briefly, definition and understanding of CSR depends on person to person. Thus, I am going to talk about definitions of the CSR and I will define my own perspective about the CSR. As I mentioned, CSR does not have one definition...

Business ethics, Corporate social responsibility, Social ethics 1027  Words | 4  Pages

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Profit Max vs Shareholder Max

Profit Maximization vs. Maxing Shareholders Wealth Abstract Profit maximization relates only to profits, while shareholder wealth also encompasses total company equity, debt ratios and various other financial performance measure ratios. One’s management could focus on profit maximization over an extended period of time, while the shareholder would prefer continual increases in stock values and corporate total values. These increases are often more commonly known as “getting in and get out”...

Economics, Management, Net present value 1308  Words | 4  Pages

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What Does Corporate Responsibility Mean

What Does Corporate Social Responsibility Mean? Corporate initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups.   Corporate social responsibility may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company...

Business ethics, Corporate social responsibility, Corporation 1511  Words | 5  Pages

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Emphasising the Role That Institutional Shareholders Can Proactively Play in Promoting Good Governance Among Listed Companies, the Walker Review on the Role of Corporate Governance in the Banking Crisis, Says That: ‘

Emphasising the role that institutional shareholders can proactively play in promoting good governance among listed companies, The Walker Review on the role of corporate governance in the banking crisis, says that: ‘Early initiative under the rubric of preventive medicine will in many cases save substantial time and money at a later stage’ Walker Review, Section 5.29 p. 70. Required: Critically evaluate this statement in the light of empirical evidence on shareholder activism in the UK and elsewhere...

Board of directors, Corporate governance, Corporation 1883  Words | 6  Pages

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Corporate Social Responsibility

Corporate Social Responsibility This essay will be based on corporate social responsibility (CSR). It should allow the reader to understand what CSR is, the importance of CSR and how it would influence customer activities. Themes that would be included in this essay will be the background of corporate social responsibility, history and the development of corporate social responsibility. The key concepts will also be explained and the different stakeholders which will be linked to corporate social...

Business ethics, Corporate social responsibility, Corporation 2227  Words | 6  Pages

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Capital Markets and Corporate Governance: Role of Directors in Modern Corporation

in Modern Corporation As an outcome of the global financial crisis and numerous corporate scandals, companies are in need of most effective, skillful and honest board team more than ever. A dexterous squad of people, who fully understand and actively engage in virtually all aspects of a company’s operations and provide a useful insight in the decision making process. In theory, the board of directors plays a vital role in the corporate governance mechanism. Primary responsibilities of the board...

Board of directors, Corporate governance, Corporation 1615  Words | 6  Pages

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Corporation – A separate legal entity that has an existence at law that is separable from those who form it. It is a separate legal entity in the sense that it has an existence at law, but no material existence. * It is separate and distinct from its shareholders * A properly authorized agent may bind the corporation in contract with third parties. * Shareholders possess limited liability for the debts of the corporation, and creditors may look only to the assets of the corporation to...

Contract, Contract law, Corporation 1855  Words | 7  Pages

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Coroperate Social Responsibility

Social responsibility Introduction A few years ago firms only goal was to gain economic profit from their businesses. In recent times it has been discussions if economic profit are the only reason for businesses to exist (Klonoski 1991) In modern society the belief that businesses have responsibilities against the society they operate in have grown bigger, but there are still people and organisations who believe that gaining economic profit from their business are the only thing they have to be...

Business, Business ethics, Corporate social responsibility 1154  Words | 3  Pages

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Employment Law Compliance Plan

of business: sole proprietorship, partnership, limited liability partnership, limited liability company (including the single member LLC), S Corporation, Franchise, and Corporation. 1. Research and provide three advantages and three disadvantages for each business form. 2. Provide a 100- to 200-word summary in which you provide an example business that you would start for each form. What is legally necessary to file in order to form that business? Discuss at least one of the advantages and one of...

Business law, Corporate tax, Corporation 1314  Words | 5  Pages

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corporate social responsibility in kenya

CONTEMPORARY MANAGEMENT INDIVIDUAL ASSIGNMENT 3 LISTONE KIPKIRUI L ANGAT ADM NO.HD333-C007-2425/14 Identify and discuss the importance of corporate social responsibility Definition: Corporate Social Responsibility- "CSR is all about performance in a variety of social and environmental topic areas that usually embrace issues such as philanthropy, diversity, socially responsible investing, human rights, business ethics, environment, workplace issues, sustainability, corporate governance...

Business ethics, Corporate social responsibility, Corporation 1473  Words | 5  Pages

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The social responsibility of a business should be limited to its economic duty. Discuss.

The social responsibility of a business should be limited to its economic duty. Discuss. Introduction: Nowadays, the idea of social responsibilities supposes that the corporation has not only economic and legal obligations, but also certain responsibilities to society which extend beyond these obligations. Moreover, social responsibility is the obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own interests. In other words...

Business, Business ethics, Corporate social responsibility 2149  Words | 9  Pages

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The Importance of Corporate Social Responsibility on Global Business

The Importance of Corporate Social Responsibility on Global Business Let’s first define Corporate Social Responsibility (CSR) The World Business Council for Sustainable Development (WBCSD): "Corporate Social Responsibility is 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”. EU Definition of CSR: "A concept...

Business, Business ethics, Corporate social responsibility 965  Words | 3  Pages

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Social Responsibility

“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...

Corporate social responsibility, Food, Junk food 2180  Words | 6  Pages

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Unjust Laws

unjust laws? Think about what this means. This means that laws, regardless of how unfair, unjust, or immoral they may be, must be followed with no better reason that they are the law. To the thesis that we are obliged to obey even unjust laws, I will argue that the standard objections to Civil Disobedience, given by Singer, are incorrect To begin, however, I believe it is necessary to define an "unjust" law. According to St. Thomas Aquinas, "Any law that uplifts human personality is just. Any law...

Civil disobedience, Direct action, Henry David Thoreau 1740  Words | 4  Pages

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Corporate social responsibility

and wrong are discussed! And business ethics is the study of ethical dilemmas! – what do you think about the dilemma in the book? Legal and ethical Legal and unethical Illegal and ethical Illegal and unethical Law Ethics Ethics Law Ethics Law Business        Big influence of business on society Potential major contribution of business to society Business malpractices are huge Stakeholders require business ethics Education in ethical...

Business, Business ethics, Corporate social responsibility 489  Words | 18  Pages

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Corporate Social Responsibility

Introduction Corporate social responsibility (CSR) is concerned with the relationship between the corporate sector and society, and focuses on particularly good corporate citizenship. The World Business Council for Sustainable Development defines Corporate Social Responsibility 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 the local community and society at large. Increased...

Business ethics, Corporate social responsibility, Corporation 2537  Words | 7  Pages

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Stakeholder Theory: Presents Contrasting Views of a Corporation's Responsibility

broader constituency for corporate responsibility than stockholders. Discussions of stakeholder theory invariably present contrasting views of whether a corporation's responsibility is primarily (or only) to deliver profits to the stockholders/owners. Milton Friedman's (1912-) now-famous pronouncement that the only social responsibility of corporations is to provide a profit for its owners stands in direct contrast to those who claim that a corporation's responsibilities extend to non-stockholder interests...

Corporate governance, Corporation, Management 1106  Words | 3  Pages

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Disadvantages of Corporations

the profits of the corporation are paid out to the shareholders, there is the possibility of double taxation: the corporation must pay taxes on its profits and the shareholder may be subject to taxation on the profits paid out. This can result in greater taxation than if a corporation was not used for the business. C corporations pay taxes on profits when corporate income is distributed to owners (shareholders) in the form of dividends. This is the first taxation. The shareholders who receive dividends...

Corporate tax, Corporation, Income tax 2161  Words | 5  Pages

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Week 1 Business Law Assignment

Difference between S corporation and Partnership The difference between a partnership and an S corporation concerns the issue of liability protection. Other differences between a partnership and an S corporation include formation requirements as well as ongoing formalities. A partnership may end or dissolve upon death or withdrawal of a partner. S corporations may continue to operate forever, long after the original owners of the company have withdrawn or past away. Name Partnerships...

Business law, Corporation, Limited liability 1485  Words | 5  Pages

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Accountant Responsibility

Research Paper – Accountant Responsibility Introduction Accounting by definition is “The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business” (The American Heritage). An accountant’s responsibility is not something that is equally split or separated by category. It is not something that can be defined easily or without a lot of research and thought. An accountant...

Accountancy, Accountant, Accountants 2438  Words | 7  Pages

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Corporation, Partnership, or Sole Proprietorship? 

Corporation, partnership, or sole proprietorship?  Now that you have decided to start your own business, you will have to determine what business structure or form of organization suits your needs. The structure of your business will depend on whether you want to run your business yourself or with a partner or associates. There are four types of business structures: sole proprietorships, partnerships, corporations and cooperatives. On this page: 1. 1. Sole proprietorship 2. 2. Partnerships ...

Business law, Corporation, Legal entities 1451  Words | 6  Pages

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Should Businesses Take the Lead in Social Responsibility

pictures of the poor little kids looking at you with sad eyes hoping that you will help them. this is a common tactic used by companies.on the surface you will think that wow the company is so kind hearted i must buy more to help the little kids but behind the scenes, there are scheming corporate heads who just want to make use of such things to earn more profit. so should businesses take the lead in social responsibility the answer is no of course if you only consider this. however, the world is much...

Corporate social responsibility, Marketing, Social ethics 1285  Words | 3  Pages

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corporate social responsibility

Diana A. Quillao BSBA-MM1132 How could you be responsible to others, if you cannot sustain yourself economically enough? Let’s face it: not all of us are rich. Even business needs profit. The term CSR or "corporate social responsibility" is often used interchangeably with corporate responsibility, corporate citizenship, social enterprise, sustainability, sustainable development, triple-bottom line, corporate ethics,...

Business, Business ethics, Corporate social responsibility 1050  Words | 3  Pages

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Shareholder vs Stakeholder vs Market Failure's Model

oxymoron? The usual perception of business ethics is very poor and pessimistic as many corporate executives say one thing yet do another. Although the maximization of self-interest and profit seeking is what drives the economy forward, but how should one’s actions be justified, is it ok to do as you wish as long as the law permits? Business managers along with other professionals have sets of ethical codes laid out and are to be followed. There is the bar set in place to monitor the practices of each individual...

Board of directors, Business ethics, Economics 2229  Words | 6  Pages

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Corporate Social Responsibility

BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILITY PREPARED BY NAME : SURAJ VISHWKARMA ROLL. NO. : 44 CLASS : T.Y.B.M.S. COLLEGE : CLARA’S COLLEGE OF COMMERCE TOPIC Write an essay on Corporate Social Responsibility with suitable example to support your literature. CORPORATE SOCIAL RESPONSIBILITY Being social is a noble idea that works beyond the objective of maximum growth & possibility. The business organization must use their infrastructure & resources to protect...

Business, Business ethics, Corporate behaviour 2359  Words | 7  Pages

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Social Responsibility

Social Responsibility | This Document Differentiates And Defines Core Social Responsibility Concepts, How They Intertwine The Views Of Such, While Debating The Benefits Of Social Responsibility In The Corporate World. | | Shannon McDermott | 11/20/2012 | Course: Introduction to ManagementLecturer: Miss. Grant | This Document Differentiates And Defines Core Social Responsibility Concepts, How They Intertwine The Views Of Such, While Debating The Benefits Of Social Responsibility In The...

Corporate social responsibility, Social responsibility, Socially responsible investing 2158  Words | 7  Pages

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Individual Responsibility

So this is the deal: society today frowns on giving the individual responsibility. We are governed by a set of rules that limits the ability of any individual to make a choice, because we believe that the individual will make the wrong choice, for either himself, others, or both. For example, take traffic rules. Rules such as stopping at stop signs and not running red lights should be entirely optional. A cop should not have jurisdiction or the responsibility to enforce such rules; they should merely...

2000 singles, 2005 singles, 2006 albums 1089  Words | 3  Pages

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Corporate Social Responsibility (Csr) of Mncs in Bangladesh: a Case Study on Grammen Phone Ltd

Objective: Business is an attached and entrenched part of the society. In addition to its economic role in society, business also has several other roles and accountabilities towards society. Many reputed multinational companies doing business and interacting with the society as well. The objective of the study is to highlight the current status of CSR practice of MNCs in Bangladesh and activities of GrameenPhone is used as example. Methodology: The empirical findings of MNCs’ management...

Business ethics, Corporate social responsibility, Corporation 1786  Words | 6  Pages

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