A corporate stakeholder is that which can affect or be affected by the actions of the business as a whole. Examples of a company’s stakeholders Stakeholders | | Government | Taxation‚ VAT‚ legislation‚ low unemployment‚ truthful reporting. | Employees | Rates of pay‚ job security‚ compensation‚ respect‚ truthful communication. | Customers | Value‚ quality‚ customer care‚ ethical products. | Suppliers | Providers of products and services used in the end product for the customer‚ equitable
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Challenges to Corporate Social Responsibilities Company: Reebok International Ltd. Student Name: Jedy Wang Student #: 250476511 Teacher Assistant: Mike Dove Due Date: 11/14/2008 Executive Summary The 20th century illustrated a dispersing trend of capitalism as the end of the Cold War illustrated evident economic prosperity in Western countries. Consequently‚ many former Communist countries implemented economic reforms due to the perception that capitalism was the economic ideology
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Steps in Identifying Stakeholders Identifying all of a firm’s stakeholders can be a daunting task. In fact‚ as we will note again shortly‚ a list of stakeholders that is too long actually may reduce the effectiveness of this important tool by overwhelming decision makers with too much information. To simplify the process‚ we suggest that you start by identifying groups that fall into one of four categories: organizational‚ capital market‚ product market‚ and social. Let’s take a closer look at
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1. What is ethics? What is morality? Ethics is the philosophical study of morality. Morality refers to the belief of right and wrong‚ good and bad‚ beliefs that can include judgments‚ values‚ rules‚ principles and theories. 2. In what ways are we forced to do ethics? What is at stake in these deliberations? A person is forced to do ethics every time they exam any feeling‚ choice‚ or action concerning right or wrong. The thing that is at stake when doing ethics is a person’s values.
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Luxury Brands: What Are They Doing About Social Responsibility? David S. Waller‚ Marketing Discipline Group‚ University of Technology Sydney Anurag G. Hingorani‚ Marketing Discipline Group‚ University of Technology Sydney Abstract Although luxury goods may be synonymous with extravagance‚ lavishness‚ and even waste‚ it may appear to be a contradiction that a number of companies that manufacture and sell luxury brands have also discovered the value of being socially responsible. With growing criticism
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and these include customer-client orientation‚ employee orientation‚ performance standards‚ openness to change and company norms. Culture is the social glue that helps hold an organization together by providing appropriate standards for what employees should say or do. In this module‚ Values were also discussed. The values of an organization express what it stands for and guide everyone’s behavior when dealing with everything from product development‚ to each other‚ to customers and suppliers. Values
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Walmart Stakeholders 3/18/2013 Walmart is one of the largest retailers in the world that is steadily growing and seeking to develop ways of meeting the needs of their stakeholders. In our textbook‚ stakeholders are defined as “people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address” (Nickels‚ McHugh & McHugh‚ 2009). Walmart has several internal and external stakeholders that keep the business at the top of the retail
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Nicomachean Ethics (Ethics)‚ are two completely independent books‚ yet both contain unusually similar context. However‚ this is not merely a coincidence as Aristotle firmly believed in a strong tie between ethics and political science; henceforth both social ideas should be studied side by side with a dual perspective. Through Politics and Ethics Aristotle makes known to us multiple justifications for his viewpoint‚ which through thorough examination of his arguments we can easily see his clear and
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Corporate social responsibility II Business dictionary defines CSR as "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) by earning adequate returns on the employed resources."[11] Corporate social responsibility (CSR‚ also called corporate conscience‚ corporate citizenship
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Market Economics Reporting on Corporate Social Responsibility by Banks‚ Financial Institutions and Listed Companies in Poland Gdansk‚ December 2003 This publication and the research that enabled it were co-financed by a grant from the Partners for Financial Stability (PFS) Program‚ a cooperative program of East-West Management Institute‚ Inc. and USAID. The opinions expressed herein are those of the authors and do not necessarily reflect the views of the PFS Program. 1 The Gdansk Institiute
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