“people who live in Midrand” page on Facebook. (M.Denscombe‚ 2014) I understand the business sector in Midrand to be booming in terms of consumer preference and convenience but how exactly are companies in Midrand integrating the use of CSR to be responsible? I started my research I realised that Midrand is not an equal society in terms of lifestyle because you have a variety of people that have different standards of living – this then means that there will be different needs to be catered
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Doctrine of Social Responsibility The doctrine of social responsibility holds that individuals and organizations should advance the interests of society at large. They can do this by abstaining from harmful actions and by performing socially beneficial acts. Although the doctrine of social responsibility applies to people and organizations‚ much of the discussion focuses on business and the extent to which social responsibility should influence business decisions. Examples of Social Responsibility
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that affects their stakeholders and employees‚ which can include ethics‚ legal issues‚ economic costs and management judgment. Being socially responsible means that a company must balance its economic goals with the benefits and cost of its social responsibilities. Social responsibility began around the early 20th century in the U.S. However‚ what we view as socially acceptable in the U.S. can be totally different
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Question 1 The lowest level of social responsibility is best describes the Interface Company’s current operations. There are no tradeoff between social responsibility and profit. Just usually it does pay for gain more. Always consider how to get maximal profit. How company to be profitable from the economic activities that always putting on the top issue. And do not care about other organization’s social responsibility. Such as obey laws and regulations by legal‚ abide by principles of right and
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Do you agree with Milton Friedman’s (1970) claim that : « the only responsibility of business is to increase its profits » ? Milton Friedman was an American economist‚ statistician and writer‚ who had a massive impact on the research agenda of the economics profession. His famous words “the only responsibility of business is to increase its profits” (Friedman‚ Milton. 1970) led to many controversial debates on whether businesses should have ethics or if profit should be their main goal. Corporate
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Economy. Deakin University‚ Melbourne J.M. Darley (2005). How Organizations Socialize Individuals into Evildoing In recent years‚ Corporate and Social Responsibility has become an ever increasing concern and source of community debate. It is now socially accepted that corporations have some ongoing responsibility‚ though sometimes ignored‚ to set a good example‚ make decisions based on social good and on ensuring positive environmental practices. The two articles reviewed both focus on this corporate
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social responsibility attack strategy embraced by some firms today? a. Proper legal responsibility b. Proper ethical responsibility c. Proper social responsibility 2. How would you describe proper socially responsible behavior? a. I would describe proper socially responsible behavior as behavior that takes into consideration the various ramifications of not adhering to the social values embodied by the global consumer society. As the economy has become global‚ we must not only have
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with the liberal views of yesteryear and today. The crux of the issue that Friedman tries to dissect is whether businesses acting socially responsible are effectively imposing a tax on those who invest their resources in such firms. Friedman’s argument centers around two ‘political questions’: whether firms have the appropriate mechanisms for determining the socially optimal use of resources‚ and whether corporations could recognize the repercussions that would arise from their decisions to assume
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Corporate social responsibility – a PR invention? Peter Frankental The author Peter Frankental is based at Amnesty International‚ London‚ UK. Keywords Public relations‚ Governance‚ Social responsibility‚ Community relations Abstract Considers the paradoxes inherent in the phrase ``corporate social responsibility’’. These include procedures of corporate governance‚ the market’s view of organizations’ ethical stances‚ the lack of clear definition‚ acceptance or denial‚ the lack of formal mechanisms
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UV5319 May 10‚ 2010 B CORPORATION: A NEW SUSTAINABLE BUSINESS MODEL “We envision a new sector of the economy which harnesses the power of private enterprise to create public benefit.” —B Lab‚ “Declaration of Interdependence‚” 2010 Introduction Jay Coen Gilbert and Bart Houlahan were friends as undergraduates at Stanford University. In 1993‚ a few years after graduation‚ they helped start the basketball shoe and apparel company AND1. As the company grew‚ cofounder Gilbert and president
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