Corporate Social Responsibility in Banks; What does it mean? By Hany Abou-El-Fotouh Chief of Staff CI Capital Holding. Over the past few years‚ a rising emphasis has been placed on companies and financial institutions’ Corporate Social Responsibility. But what does Corporate Social Responsibility (CSR)" mean anyway? This is indeed one of the most frequently asked questions for all those dealing with CSR matters. CSR is also known as corporate responsibility‚ corporate citizenship‚ responsible
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corporate social responsibility. The other example of creating a positive brand image is of Marico. The Marico’s product Shanti Amla oil is the choice of lot of people and this has become a fastest selling oil brand due to the long term corporate social responsibility initiative i.e. commitment for the children education in our country. The company named the product “Nihar Shanti Amla” that means a humanity approach towards the society. This approach to help the society made the customers appealing
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some stores due to financial issues. Those stores are located in high-crime areas‚ and reportedly had poor sales. Customers for years have requested healthier and organic options – items‚ which if they sell well‚ will benefit the company‚ due to their high profit margins. These are items which are very commonly found at neighborhood grocery stores‚ and Company Q risks losing customers by not carrying the requested goods. Company Q did add the requested items‚ but only a small selection of items.
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extent does Corporate Social Responsibility beneficial to a company’s performance? Hot debates were arose everywhere in the society about the extent of Corporate Social Responsibility (CSR). Mallen Baker (2004) states that CSR is about how companies manage the business processes to produce an overall positive impact on society. Supporters of CSR claim that Businesses and Corporations are not only about making money especially for big business. They should show social responsibility‚ moral standard and
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Corporate Social Responsibility at Nike‚ Inc. Overview of Policies and Activities CSR Structure In its approach to social responsibility‚ Nike groups initiatives into six separate categories: reducing waste‚ cutting energy‚ slashing water use‚ rejecting toxins‚ supporting communities‚ and empowering workers.1 Each of these initiatives carries three types of goals: an aim‚ a target‚ and commitments. The aim consists of the overall vision of that segment‚ while the
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Luxury Brands: What Are They Doing About Social Responsibility? David S. Waller‚ Marketing Discipline Group‚ University of Technology Sydney Anurag G. Hingorani‚ Marketing Discipline Group‚ University of Technology Sydney Abstract Although luxury goods may be synonymous with extravagance‚ lavishness‚ and even waste‚ it may appear to be a contradiction that a number of companies that manufacture and sell luxury brands have also discovered the value of being socially responsible. With growing criticism
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ROLE OF HUMAN RESOURCE MANAGEMENT IN CORPORATE SOCIAL RESPONSIBILITY RESEARCH TOPIC ROLE OF HUMAN RESOURCE MANAGEMENT IN CORPORATE SOCIAL RESPONSIBILITY INSTITUTE LIAQUAT COLLEGE OF MANAGEMENT AND SCIENCES SUBMITTED TO KARACHI UNIVERSITY SUBMITTED BY SYED ARSALAN IMAM SUPERVISED BY SIR ZEESHAN BABER CLASS BS VIII COURSE TITLE PROJECT REPORT COURSE NUMBER BA (H)-622 ACKNOWLEDGEMENT I offer my humblest thanks to ALMIGHTY ALLAH‚ The most Beneficent and the Most
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What is corporate social responsibility (CSR)? According to the ¡®Wikipedia¡¯ ‚ ¡°Corporate social responsibility (CSR) is a company s obligation to be accountable to all of its stakeholders in all its operations and activities with the aim of achieving sustainable development not only in the economical dimension but also in the social and environmental dimensions.¡±(en.wikipedia.org/wiki/Corporate_social_responsibility retrieved:10/09/07); another definition is that ¡°CSR is about how companies
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Starbucks’ policy of corporate social responsibility impact the company’s bottom line? According to Porter and Kramer (2006)‚ “Proponents of Corporate Social Responsibility (CSR)‚ use four arguments‚ moral obligation‚ sustainability‚ license to operate‚ and reputation as justification for implementing CSR programs and practices (p.3). Moral obligation is the duty to be a good citizen and do the right (socially responsible) thing. Sustainability requires responsibility managing both environmental
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Personal Responsibility and College Students Personal responsibility means to take responsibility for my own actions or mistakes. If there is not personal responsibility‚ it can create a negative impact on your success as a student. Personal responsibility is important to be a successful student because everyone needs to be held accountable for their actions. It is important not to blame others for our lack of success. ”The acceptance of personal responsibility is what separates the adult from
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