process. Because of recent well known corporate scandals‚ business organizations have incorporated business ethics codes and social responsibility programs as part of their strategy to boost their public image and reputation in the community along with the reduction of potential legal fees or financial settlements resulting from legal actions against the organization. Ethics refer to the fundamental principles of an individual or a group. Social responsibility is how a business performs its activities
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2010. Sappi Sustainable Development Report 2010. [Online] Available at: http://sappi.investoreports.com/sappi_sdr_2010/case-study/people/kwadukuza-resource-centre-celebrating-ten-years/ [Accessed 1 March 2013]. * Sappi‚ 2013. Sappi Corporate Social Responsibility. [Online] Available at: http://www.sappi.com/regions/sa/SupportAndSponsorships/CSR/EducationLiteracy/Pages/default.aspx [Accessed 28 February 2013]. * Sappi‚ 2013. Sappi KwaDukuza Resource Centre. [Online] Available at: http://www.resourcecentre
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“Social Accounting Practices in India as a Corporate Social Responsibility” soniuttranchal@gmail.com Concept: The concept of Social Accounting originated in different forms by Adam Smith in 1776‚ Later on‚ Karl Marks and Engel also expressed their views about social costs in 1844. Pigou in 1920 also elaborated the divergence of Social and Private Costs. The concept of social accounting was clearly introduced in the 1970’s and later this concept received serious consideration from
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Corporate Social Responsibility versus Profit Maximization Introduction Nowadays‚ many large multinational corporations which occupy increasing shares in the market and high statues in the society are usually powerful in having both positive and negative effects on the public to a great extent. As a consequence‚ today‚ the concept of Corporate Social Responsibilities (CSR) draws much more public attention. Social responsibility goes beyond profit making and social obligation. CSR is a business
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huge success and it still being used around the Globe even today. By 2010‚ with more than 90‚000 employees and anticipated year-end revenues of up to $38 billion‚ Microsoft continued to hold a strong lead in the computer software industry. Social Responsibility a. Since 1999‚ Microsoft has worked closely with the Office of the United Nations High Commissioner for Refugees to provide people in dozens of countries with access to technology tools‚ skills training and other essential services. Microsoft
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Corporate social responsibility (CSR) is an increasingly important issue for all businesses around the world. CSR covers economic‚ legal‚ ethical‚ and philanthropic responsibilities of firms. Explain the factors that may motivate an MNE to adopt CSR in its international business strategy and operations. How might the country context influence the types of CSR initiatives undertaken? Support your answer with real world examples or cases. While corporate social responsibility (CSR) has existed for
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Name: Aja Mariama Danso Kaplan ID: C0357076 LJMU: 480466 Topic: Corporate Social Responsibility- The Evaluation of the Co-operative Bank’s CSR and Ethical Stance Contents Page 1. Introduction ………………………………………………………………….. 2 2. Corporate Social Responsibility ……………………………………………... 2 2.1 Carroll’s CSR Models ……………………………………………………. 2 2.2 Modern CSR Argument ………………………………………………….. 3 2.3 Introduction of 3C-SR Model ……………………………………………. 3 3. The Co-operative bank
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The Importance of Corporate Social Responsibility on Global Business Let’s first define Corporate Social Responsibility (CSR) The World Business Council for Sustainable Development (WBCSD): "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 and their families as well as of the local community and society at large”. EU Definition of CSR: "A concept
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6 Introduction In global markets‚ modern corporates have significant power to exercise a positive influence in the countries‚ where they buy goods and services from global suppliers in bulk. Recognising this influence is the first step to understand the contribution of the modern corporates in developing countries’ economies and in turn their self-benefit. As being giant firms at one end of the buying chain with the cost reduction advantage‚ they shouldn ’t be reluctant of getting involved
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INTRODUCTION It is important to note 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.
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