Background of the study Management performs a vital role in any organization. It is responsible for planning and organizing the creation of goods and services. There are several definitions of management; one popular definition of management which is the “art of getting things done through people” is that of Professor Mary Parker Follet. Resources like men‚ machine‚ money and materials can only be used to its maximum potential if these are properly managed‚ in fact‚ many businesses close down due to inefficient
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Introduction of CSR Corporate Social Responsibility (CSR) has become a widespread topic in business issues and critical sector. In the fast fast companies are facing fast change and consumers always on the topic of traceability of food chain. Consumers and governmental organizations are increasingly focusing their attention on corporate social responsibility (CSR) practices. CSR research has evolved over the last 50 years (Carroll‚ 1999). CSR is divided as a four parts pyramid (Carroll‚ 1991).
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The benefits and disadvantages of co-operate social responsibility By Mahamed Abdi Studying for Business SM1007 Student Number: 0747672 There is an ongoing debate over business roles in society which revolves around two opposing arguments. On the one hand‚ it is argued that CSR issues are not suitable to corporate agenda. This point of view maintains that corporations and society pursue different goals‚ and that the aims of one can only be achieved at the expense of the other. Companies
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Title: Corporate Social Responsibility Submitted By Karthick.N II MBA BSMED Contact Details: E- mail: pmnkarthick@gmail.com Mobile: 9382363738 1 INTRODUCTION Corporate Social Responsibility embraces the range of economic‚ legal‚ ethical and discretionary actions that affect the economic performance of the firm. CSR is a key element of business strategy. In words of The Economist‚ it is “just good business” strategy strives to provide the business with the source of sustainable
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CORPORATE SOCIAL RESPONSIBILITY Definition:- [Carroll‚ 1979; 2008‚ 500]: "The social responsibility of business encompasses the economic‚ legal‚ ethical and discretionary expectations that a society has of organizations at a given point in time." EU Definition of CSR: "A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis." The World Business Council for Sustainable Development
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CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions‚ balancing the needs of stakeholder with their need to make profit. A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action‚ both locally and globally. Business
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a. Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic‚ environmental and social imperatives (“Triple-Bottom-Line- Approach”)‚ while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction
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Corporate Governance Emerald Article: Corporate socialresponsibility and labor turnover Donald F. Vitaliano Article information: To cite this document: Donald F. Vitaliano‚ (2010)‚"Corporate social responsibility and labor turnover"‚ Corporate Governance‚ Vol. 10 Iss: 5 pp. 563 - 573 Permanent link to this document: http://dx.doi.org/10.1108/14720701011085544 Downloaded on: 09-11-2012 References: This document contains references to 22 other documents Citations: This document has been cited
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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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Corporate Social Responsibility Corporate Social Responsibility (CSR) is a method in which organisations “give back” to society. This can be done through various means such as charity donations‚ sponsorships‚ becoming partners with schools etc. CSR is something that not only benefits the organisation but also benefits the public. An example of this is Mcdonalds Restaurants putting bins on areas surrounding their restaurants. Due to people buying food from their Drive-Through service‚ costumers will
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