Corporate social responsibility is a business philosophy that stresses the importance of keeping the best interests of the wider society in mind. The World Business Council for Sustainable Development in its publication Making Good Business Sense by Lord Holme and Richard Watts‚ used the following definition. ‘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
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ARTICLE RESEARCH ARTICLE Social Responsibility towards Labour Welfare in Singareni Collieries Company Limited 1 P. Swapna* ABSTRACT This attempts at addressing the aspects of social responsibility of the business in light of labour welfare with special reference to Singareni Collieries Company limited. The linkages and the ethical considerations involved in employee welfare have been addressed with implications for labour welfare. The concept of social responsibility in its narrow contours
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that business ethics and CSR go hand in hand. In order to understand CSR‚ one must also understand ethics. Also‚ a socially responsible firm should also be an ethical firm and an ethical firm should also be a socially responsible firm. However‚ one might wonder as to why business ethics and CSR receive so much importance. Researchers are making it increasingly clear that the two concepts are essential for long term sustainability of an organisation. In today’s highly competitive business environment
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From the case study and the e-Activity‚ determine two (2) key reasons why people value the customer service that Nordstrom provides. Examine Nordstrom’s current corporate social responsibility activities‚ and suggest one (1) additional action that the company could take to further strengthen its corporate social responsibility efforts. Two reasons why people value the customer service that Nordstorm provides. 1. With the recent downturn of the economy‚ some people can relate more to the needs
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In the second module‚ Organizational culture was discussed. It is said that culture is corporate personality. Culture includes the underlying values‚ beliefs and norms which govern the behavior of people as members of an organization. I have learned that it so important in an organization for it influences success of people in organizations and it is also considered as one of the six key strategic building blocks of successful organizations. There are five key aspects of culture and these include
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monitoring and auditing business to show it complies with relevant local laws and regulations. This may involve philanthropic activities. In recent years‚ the concept of CSR has evolved to consider ethical and environmental concerns when making business decisions. And this has makes CSR integral to the way of the business related to the world and potential of being success. As there is no universal standard for CSR‚ CSR can be defined by actions such as integrating social‚ environmental and economic
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Introduction Corporate social responsibility is a concept that has been around for decades. It emerged as an issue when law makers‚ stakeholders‚ and the general public began focusing on ethical and responsible corporate behavior‚ also referred to as “corporate citizenship” (Carroll‚ A.‚ 1998). According to Carroll (1998)‚ there are four facets of corporate citizenship. These facets are: 1) corporates fulfilling their economic responsibilities and be profitable‚ 2) corporates obeying the law
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Find two examples of companies‚ products or organizations which display social responsibility: one which displays good social responsibility and one which displays poor social responsibility. For each‚ explain why you have this opinion of these firms. Read all posts before yours - no duplicates allowed‚ so if another student has already posted about your choices‚ change your example to some other firm. Early posts have priority. Then come back to the discussion and comment on the examples given
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Ethics and Social Responsibility History In a business sense ethics emerged in the 1970s but social responsibility actually emerged in the 1950s when organizations began believing that they should be operating in a way that would increase the benefits and reduce or eliminate harms caused by their operations (Perks‚ 2011). In light of the recent ethical scandals of organizations such as Enron this has really become a vital part of organizations. Further‚ over the last 60 years businesses have
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2/4/2006 ETHICS & SOCIAL RESPONSIBILITY Ethics and Social Responsibility in business and government today are very important subjects. There are numerous reasons for businesses to operate in an ethical and socially responsible manner. There are government regulations‚ corporate belief systems‚ and basic common sense. There needs to be a overall intent to be ethical and socially responsible in today ’s business environment in order to stay successful. Ethics in Business In business today there
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