SOCIALLY RESPONSIBLE Telus Corp. Nowadays many successful companies are making corporate social responsibility a key to business. Telus was selected to one of the Top 50 Socially Responsible Corporation in Canada that Maclean’s published in 2011. In response to the 2011 Alberta fires‚ the company provided free wireless calling‚ a stoppage on billing‚ long-distance calling cards‚ replacement cellphones and over 1‚600 comfort kits for relief workers and residents of Slave Lake (Jantzi-Sustainalytics
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that companies have a responsibility to do what’s right for the public. Most of the time doing what is right reflects profits for the company. The article talks about socially responsible business practices being irrelevant because it is all an illusion‚ and potentially a dangerous one. The whole reasoning behind socially responsible business practices being irrelevant is that in most cases‚ doing what is best for society means sacrificing something from your own company (profits). An example would
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Analysis of Unilever’s Risks and Risk Management Strategies Introduction With the rapid development of modern economy‚ companies are always exposed to risks which are penetrating to all walks of life and not only exist in the products market‚ but also exist in financial market (Ballou‚ 2005). It is undoubtedly that risks jeopardize the company’s development in that they may increase the cost of a company’s operation and make it harder for a company to make a crucial decision. Accordingly‚ it is
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Socially Responsible Institutional Investment in Private Equity Author(s): Douglas Cumming and Sofia Johan Source: Journal of Business Ethics‚ Vol. 75‚ No. 4 (Nov.‚ 2007)‚ pp. 395-416 Published by: Springer Stable URL: http://www.jstor.org/stable/25124003 . Accessed: 19/03/2013 12:52 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use‚ available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps
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Video Case 3 – Land Rover: A Socially Responsible Company Purpose This memo is intended to respond to the Video Case 3 which correlates with Chapter 20‚ Marketing Ethics and Social Responsibility. Does Land Rover ‘walks to talk’ and practices what it preaches in the video‚ and whether that translates into a competitive advantage. Is the basis for Land Rover’s competitive advantage truly accurate or are they using a clever marketing scheme to target socially responsible consumers? Summary In
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Should a business be held socially responsible? The demand for how businesses do their operations needs to change. As of right now‚ the business model suggests that we pursue profit by any entrepreneurial means and cut costs at any expense. For the most part businesses over the latter half of the twentieth century have based their idea of how to run a company off of Milton Friedman’s theories and classical neo-liberal economic thinking. I am suggesting however‚ that we take a different route for
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Case-1 Aaron Feuerstein-A Socially Responsible Owner The evening of December 11‚ 1995‚ was a special time for Aaron Feuerstein‚ CEO of Malden Mills. A small surprise 70th birthday party quietly was held in his honor at a local Boston restaurant. But Feuerstein’s life took a dramatic turn that evening for a different reason: A boiler at his company’s plant exploded‚ setting off a fire that injured 33employees and destroyed three of the factory’s century-old buildings. Malden Mills was a privately
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Ethically and Socially Responsible Introduction Corporate scandals in business world have been more and more common‚ which damages the interest and profits of stakeholders‚ employers‚ community or society. The corporate scandals pull the public to focus on the ethic of managers and the firm itself. Comparing to the past‚ customers are focusing more and more on the reputation of the firms and they prefer to select the brands that are environmentally friendly and socially responsible when they buy
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its workers and management to help them conduct their actions in accordance with its primary values and ethical standards. Both businesses and trade organizations typically have some sort of code of ethics that its employees or members are supposed to follow. Breaking the code of ethics can result in termination or dismissal from the organization. A code of ethics is important because it clearly lies out the "rules" for behaviour and provides a pre-emptive warning. Socially Responsible Practices This
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Risk Management Risk management is the process of evaluation and quantification of business risks in order to take the necessary measures to control or reduce them. Risk management in organizations includes the methods and processes used to manage risks and seize opportunities related to the achievement of their objectives. By identifying and proactively addressing risks and opportunities‚ business enterprises protect and create value for their stakeholders‚ including owners‚ employees‚ customers
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