What is Corporate Social Responsibility? The theory of corporate social responsibility (CSR) is best elucidated by the statement that a company should take a wider view of how its actions and success impact society and stakeholders. CSR identifies that "doing well" and "doing good" go hand in hand. (Leadership and CSR: a Perfect Match). A commonly used definition provided by the World Business Council for Sustainable Developement states that CSR is "Continuing commitment by a business to behave
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Understanding business ethics Definition: Primark CSR policy employees have equal opportunities based on merit: suppliers are treated fairly local communities are respected and supported by Primark the company takes its environmental responsibilities seriously CSR - CSR is a process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment‚ consumers‚ employees‚ communities‚ stakeholders. Wikipedia Corporate governance
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Management and business organization NOTES: Chapter 3 Introduction: 1. What is an organization: Consists of two or more people that have consciously arranged to create a basis from which to function on a regular basis to achieve a common goal. Despite differences the four common factors that organisations share are: people‚objectives‚ structure and management. Watson refers to 3 aspects of organisational life: o Importance of creative‚ critical and situation defining characteristics of the
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Today‚ Corporate Social Responsibility (CSR) is much wider concept than just donations and philanthropy. It is viewed as a way of doing business‚ identified with the strategies and standards of business conduct that companies follow in their business. While focused on creating shareholder value‚ the companies seem to be equally focused on CSR for various reasons like - attracting socially responsible investors‚ customer group‚ marketing‚ branding‚ enhanced employee relations and Tax incentives.
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Officer is Ron Carpenter now in his late-sixties. His wife Mrs. Emelia Carpenter‚ being an aggressive business woman and somewhat younger than her husband‚ now effectively runs the company. Ron Carpenter is affectionately known to all as "Woody" and so the company is generally known as "Woody’s". Woody‚ after an apprenticeship as a cabinet maker‚ started his small furniture manufacturing business back in 1954 and he and his wife moved to their present location in 1959. The company quickly gained a
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eight million customers avails the products and foods offered by this fast food chain. There are many ethical issues that an organisation face and one of the organisations which faces major issue is the Kentucky Fried Chicken. In my report‚ I would analysis about the issue faced by KFC and the ethical problems that the company encounters. 1.0 ETHICS DILEMMAS FACING BY KFC KFC is among the most popular fast food brands in the world. Started out in the fifties‚ KFC now boasts
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BUSINESS ETHICS 2011 Report Sunderland Business School Undergraduate Programs Name: Lanny Chew Jun Kheong Identification Number: 880328-52-5707 Student ID: 109129662/1 Tel. Number: 016-8515159 E-mail: lannicjk@hotmail.com Study Centre: SEGi College Sarawak Module: Business Ethics Code: UGB210 Module Tutor: Ms. Adeline Academic Year: 2011 EXECUTIVE SUMMARY This report was produced as an audit report providing a ‘snapshot’ of KFC’s business ethics. First‚ the author started with the ethical dilemma
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Running head: The Elasticity of Business Ethics The Elasticity of Business Ethics Abstract Given the competitiveness in the world market‚ many are tempted to go outside of the rules and regulations of society in order to get ahead. Although many would like to think that qualities such as honesty and credibility are first and foremost in the minds of people‚ temptations have lured some to act irresponsibly to get more of the almighty dollar. Recent scandals have proven that good ethical
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has a strong commitment overall as a company they have collaborated to include corporate social responsibility (CSR) and sustainable business practices in their parks always. Corporate social responsibility is a business approach that contributes to sustainable development by delivering economic‚ social‚ and environmental benefits for all stakeholders. SeaWorld has put in endless efforts within the community including partnering with hospitals‚ and organizations that assist children with disabilities
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Values & Ethics in Business X420 Discussion Session #80 Kelley School of Business Values Abstract ideals that shape an individual’s thinking and behavior – a moral compass Instrumental values – certain way of behaving is appropriate in all situations – “means”. Terminal values – enduring belief in the attainment of a certain end state – “ends”. A moral compass These abstract ideals can result from Religion Philosophy Family teachings Instrumental values As the means to an
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