Two main theories dominate discussion of corporate responsibility: stockholder theory and stakeholder theory. Stockholder theory maintains that profit for stock owners represents the main moral obligation of the corporation. Stakeholder theory takes the view that groups other than the stockholders‚ such as the community at large‚ have a vested interest in the management of the corporation. The types of corporate social responsibility typically align with the stakeholder theory that corporations have
Premium Social responsibility Corporate social responsibility Socially responsible investing
BAE Business report on Woolworths Limited Student name: Can CAO (Phil) Student number: 32174 Class: BAE 5 Date: 18 June 2013 Word count: 1307 Table of contents Executive summary--------------------------------------------------------1 1 Introduction----------------------------------------------------------------2 2 Evaluation of ethical behavior---------------------------------------3
Premium Business ethics Social responsibility Problem gambling
Sports maunfacutring industry | Environmental‚ Sustainability and Social Responsibility | Adidas versus Nike | | | 12/8/2011 | | Group #1 Adidas vs. Nike 12/08/2011 Environmental‚ sustainability and social responsibility reports are always created for vast amounts of companies around the world. Adidas and Nike are huge competitors in the sports manufacturing industry. Adidas is the second largest manufacturer of sporting equipment and clothing in the world behind the
Premium Social responsibility Corporate social responsibility Socially responsible investing
complex framework that CSR is believed to have. The social expectations that consumers have of business‚ and ways those businesses can meet these expectations will be addressed. Then an outline of the role management plays in the incorporation of socially responsible attributes to a corporation will be expressed‚ evidence to suggest that if this means that there a social contract that requires business to honour a moral bare minimum‚ then a business manager is duty-bound to obey it’ (Bowie 1991: 56-66)
Premium Social responsibility Corporate social responsibility Management
globally by all the modern entities of the globe. Advocates of the field argue that corporations that are perceived by society as being socially responsible are likely to derive enormous benefits from being so. They argue that most stakeholders whether primary or secondary‚ internal or external‚ local or national offer their support of the actions of these socially responsible corporations. Most would agree that corporate responsibility is an excellent idea‚ but from where did the ideology of CSR originate
Premium Corporate social responsibility Capitalism Social responsibility
businesses PR firms are an interface between corporations and their publics. They are an important broker between companies‚ NGOs and governments‚ advising companies on how to make their partnerships work. Communicating a thoughtful strategy for responsible and sustainable business is meant to ensure that the meaning and scope of CSR will be extended to all stakeholders and
Premium Corporate social responsibility Social responsibility Socially responsible investing
the past 30 years do not support the latest contingency theory in the area of corporate social responsibility. (Soana‚ 2011) Some authors argue that good CFP leads to good CSP because more profitable companies have more resources for investing in socially responsible initiatives. On the other hand‚ some others believe that Corporate Social Responsibility can determine higher financial results thanks to strategy reassessment‚ process improvement‚ and employee‚ customer and local community loyalty.
Premium Social responsibility Sociology Corporate social responsibility
the only conclusion defined as “meaningful” by our textbook is that there is little evidence that a business’s social involvement is detrimental to its long term economic performance. Some businesses do engage in socially responsible activities based on the reasoning that acting in a socially irresponsible manner can create significant business risks‚ such a liability and the potential for legislative intervention. The majority of studies conducted about the relationship between social involvement
Premium Social responsibility Investment Socially responsible investing
101 Business Ideas For Entrepreneurs Get Your Creative Mind Working By Phil Mitchell entrepreneurbusinessforum.com 1 entrepreneurbusinessforum.com Table of Contents Online & Computer Businesses............................................................................................................3 Consulting Businesses..........................................................................................................................3 Green Businesses...............
Premium Retailing Marketing Management
believe business should have a responsibility to give back to the community in which they operate. First‚ it is the corporations’ obligation to recognize and solve the social problems they created. Then‚ business should be socially responsible to fulfill the expectation of today’s socially conscious consumers. Last but not least‚ CSR is the essential key to sustainability and success in the future. To begin with‚ business should take a significant role to maximize its positive impacts and minimize its
Premium Social responsibility Sociology Corporate social responsibility