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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Corporate Social Responsibility (CSR) is a sense of duty that every organisation is required to uphold. A set of principles‚ which an organisation adopts‚ shows that they are socially responsible towards the society that supports them. Organisations should take the Triple Bottom Line (TBL) concept into consideration to ensure that they are not doing anything that is morally unacceptable to the society‚ environment or economy. TBL is measured in terms of people‚ planet and profit otherwise known as
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Does Corporate Social Responsibility Affect Firms’ Performance?1 Laura Poddi2 Sergio Vergalli3 July 28‚ 2008 Abstract In the last two decades in the OECD countries there have been a raising development of firms certified as Social Responsible (CSR is the acronym of Corporate Social Responsibility). This kind of certification is assigned by private companies that guarantee that the behaviour of a certain firms environmentally and sociologically correct. Some papers (among others Preston
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issues when measuring PPP‚ and a possible alternative that might provide a suitable substitute‚ should the Economist decide to use other products to replace their “Big Mac Index”. Purchasing Power Parity Purchasing Power Parity (PPP) is a theory‚ which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries. This means that the exchange rate between two countries should equal the ratio of the two countries’ price level
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Implementing Corporate Social Responsibility Programs Nowadays‚ with the development of the consciousness of Corporate Social Responsibility‚ organizations would like to expand their positive influence on the environment‚ consumers‚ employees‚ communities and investors. It has become a business necessity to make people focus more on an organization’s decisions and their broader impacts (Greenhalgh‚ 2009). Rogers and Bell can serve as good examples in implementing Corporate Social Responsibility programs
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where some of the problems are and how they can be rectified or modified at least. The conclusion was that preventive practices were overall the determining factor in circumventing a lot of health concerns becoming problematic and in some cases fatal. Another area of concern for this modern way of concern from the physician ’s perspective was making sure that they are able to serve and meet their patients ’ needs. According to the Agency for Healthcare Research and Quality (AHRQ‚ 1996) at one point
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evolution from corporate social responsibility to supply chain responsibility: the case of Waitrose The Authors Laura Spence‚ Centre for Research into Sustainability‚ School of Management‚ Royal Holloway‚ University of London‚ Egham‚ UK Michael Bourlakis‚ Business School‚ Brunel University‚ Uxbridge‚ UK Acknowledgements The research on which this paper is in part based was funded by the Institute for Business Ethics. The authors would like to thank seminar participants at Cardiff Business School and
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Surfing the Internet is one of the favorite leisure activities in many Middle East countries where a young generation of digitally competent users has been established. Young people have a good chance of participating in online discussion forums‚ which encourages fruitful exchange of ideas Young Internet users learn how to democratize their ideas‚ responding to diverse opinions with respect and tolerance. Young Internet users in the Middle East become innovative and technologically advanced. The
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1. The Future of Corporate Social Responsibility in the Philippines – What can be expected and what are the trends that would shape CSR in our country for the next ten years. Due to the slow growth of the Philippine economy‚ Corporate Social Responsibility was being implemented and practiced by the corporations. It is based on the Philanthropic stage or what we call “kawang gawa”. Philippine CSR practices are generally manifested through donations or gratuitous activities and the public views
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Group 7 Exercises (suitable for use with the chapter relating to global competition and competing in foreign markets) 1. Is the international market arena in which your athletic footwear company competes characterized by multicountry competition or global competition? Explain why. We will say that it is global competition‚ because global competition refers to the situation when products and services requirements from country to country are similar and close. We will say that in this market they
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