Social Responsibility is a “business’ obligation to pursue policies‚ make decisions‚ and take actions that benefit society”. Under the umbrella of social responsibility there are two models for social responsibility; the shareholder model‚ and the stakeholder model. Basically‚ The shareholder model Focus’ on maximizing profit for its shareholder’s. When a company makes profit and meet their production goals they in turn benefit the community. This is made possible through job creation and tax money
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Evaluate the recent trends on the ethical considerations and social responsibilities of multi-national companies. Corporate Social Responsibility (CSR) is a concept whereby organizations consider the wellbeing of the public by taking responsibility for the effect of their actions on all stakeholders; customers‚ employees‚ shareholders‚ communities and the environment in every aspect of their operations. This responsibility is seen to extend beyond the statutory obligation to comply with legislation
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Group 1_PepsiCo April 3‚ 2013 HOW CAN AN EMPHASIS ON ETHICS AND SOCIAL RESPONSIBILITY IMPROVE PROFITS AND BENEFIT A BUSINESS? Introduction Until a few years ago‚ most companies had not cared so much about ethics and social responsibility. They only focused on cost and margin to increase their profits. However‚ nowadays‚ many successful companies and businessmen have their own foundation and do some good things‚ for example‚ the Ford Foundation has allocated millions of dollars for cancer research
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philosophy believe to be appropriate for professionals to take into harm. A manager is inclined with various responsibilities to his organization and his subordinates. Being a manager takes more than just control and a goal-oriented attitude‚ it is important that a manager does his action crucially and vigilantly. It is a basic rule of professional ethics‚ and that of which is public responsibility. To be oriented with this philosophy‚ managers should be instilled with the idea that to fully live
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Preliminary Draft - Comments Welcome CORPORATE SOCIAL RESPONSIBILITY: DOING WELL BY DOING GOOD?* RAY FISMAN GEOFFREY HEAL VINAY B. NAIR# Abstract We provide a framework for analyzing corporate social responsibility (CSR). Our model of CSR in this paper has two important ingredients – CSR is at least in part a profit motivated decision; and different CSR activities are aimed at different audiences. We examine the implications of our framework using a ‘visible’ CSR index that captures
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plan on breaking down Global Socio-Cultural Responsibility into three different parts. First I will focus on explaining the aspect of social responsibility. What it means and the three qualities that make up a student that is socially responsible. I do not need any aids for the first period. I plan on just standing in the front of the room and speaking to the students. Period #2 Needs: The second period I will explain the meaning of cultural responsibility and I also plan on incorporating an activity
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E E D I T O R S Is the Socially Responsible Corporation a Myth? The Good‚ the Bad‚ and the Ugly of Corporate Social Responsibility by Timothy M. Devinney Executive Overview Despite differences of opinion about the efficacy of corporate social responsibility‚ there is a general consensus among academics‚ policy makers‚ and practitioners that corporations operate with a social sanction that requires that they operate within the norms and mores of the societies in which they exist. In this
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organizational issues. It also address the role that external social pressures have in influencing organizational ethics‚ how these issues are relevant to organizational and personal decisions‚ and the relationship between legal and ethical issues as shown in the film. The reason Liberty Mutual started The Responsibility Project was as it stated‚ “to explore what it means to do the right thing”. The film viewed was Dancing on a Dream. (http://responsibility-project.libertymutual.com/films/dancing-on-a-dream)
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Corporate Social Responsibility or Corporate Social Necessity? Evaluation of the effects of Corporate Social Responsibility (CSR) in construction‚ real estate and related industries and analyzing the marketing strategy of the company ‘ENKA’ upon its level of commitment to CSR. For: CEM Assignments Office Date: 27/02/2013 From: Deniz Berkan Unsal Moscow‚ Russian Federation List of Contents 1.0 Summary 2.0 Question 1: Discussing the issues involved in CSR‚ and giving examples illustrating
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Academy of Management Review 2008‚ Vol. 33‚ No. 2‚ 404–424. “IMPLICIT” AND “EXPLICIT” CSR: A CONCEPTUAL FRAMEWORK FOR A COMPARATIVE UNDERSTANDING OF CORPORATE SOCIAL RESPONSIBILITY DIRK MATTEN York University‚ Toronto JEREMY MOON University of Nottingham We address the question of how and why corporate social responsibility (CSR) differs among countries and how and why it changes. Applying two schools of thought in institutional theory‚ we conceptualize‚ first‚ the differences between CSR in the
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