To what extent is Corporate Social Responsibility beneficial to a company’s performance Corporate Social Responsibility is a philosophy that relates to a business being a part of the society‚ so acts in a way that not only advances its own firm but also serves the society as well. Good ethics is the cornerstone of sustainable development. In the long run‚ unethical behavior may harm customers and the society as a whole. Furthermore‚ it damages a company’s image‚ efficiency and effectiveness
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measurements and mechanisms to evaluate progress: We need to do this taking into consideration a set of goals based on our values. A very common structure is the kind of Corporate Social Responsibility (CSR) reporting that companies do to disclose their socially responsible activities. 2. What has Greenpeace done to curb corporates from exploiting our global natural resources? A key part of their campaigns is investigations; they go to the scene of the environmental crime‚ expose the responsible
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Assignment 1: Corporate Responsibility and Marketing Strategies Student: College Guy Professor: Dr. Neil Mathur Course: BUS 508 – Contemporary Business University: Strayer University Date: January 26‚ 2014 Assignment 1: Corporate Responsibility and Marketing Strategies Question 1: I believe Apple Inc. [mostly referred as “Apple” in this document] has met the ethical and social responsibility towards general public‚ employees‚ customers and shareholders/investors
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success. Based on journal reading‚ developing a model of theory and modern examples‚ we can found out clearly that corporate social responsibility (CSR) does help enhance organization’s competitive advantage so as to achieve an organizational success. Model of thinking Corporate Social Responsibility Positive Social Change Employee Commitment Competitive Advantage Organizational Success Corporate Social Responsibility Positive Social Change Employee Commitment Competitive Advantage Organizational
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Social Responsibility 1. If you were the manager of “Bally’s Grand Casino”‚ would you treat Elaine Cohen any differently? What would Friedman (“Increase Profits”) and Allen (“Schizophrenic Conception”) advise the manager to do? Use ethical methods and legal concepts to support your position. Elaine Cohen‚ a 73 year old widow‚ is a consistent gambler who spends her retirement savings on casino gambling. The Bally Grand casino‚ where Elaine spends her money‚ is treated very well. The casino “comps”
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In recent times‚ there has been huge concern on the issue of ethical leadership in the corporate world. Researchers have increasingly shifted their attention towards identifying what could be driving costly unethical behaviour in organizations. Organizations leadership stresses short-term result while disregarding the long-term implications of their actions. The result has been scandals and accounting frauds. Companies such as Enron‚ WorldCom (Knights and O’Leary‚ 2005)‚ and Nortel executives (manipulating
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SOCIAL CONTRACT THEORY Social contract theory (or contractarianism) is a concept used in philosophy‚ political science and sociology to denote an implicit agreement within a state regarding the rights and responsibilities of the state and its citizens‚ or more generally a similar concord between a group and its members‚ or between individuals. All members within a society are assumed to agree to the terms of the social contract by their choice to stay within the society without violating the contract;
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Immanuel Kant explores the morals of an action based on the action’s fidelity to rules or regulations‚ each person has dignity as well as the ability to reason. Kant disagrees with the utilitarian principle; he believes that you shouldn’t make decisions based on pleasure. “Kant’s moral theory is based on his view of the human being as having the unique capacity for rationality. No other animal possesses such a propensity for reasoned thought and action‚ and it is exactly this ability that requires
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Ethics- Spring 2013 11 February 2013 Frankfurt on Personhood and Moral Responsibility In Harry Frankfurt’s philosophy journal on “Personhood and Moral Responsibility” he formulates many ideas of how people should act. He believes a person is morally responsible for what he has done‚ only if he could have done otherwise. A person could have done otherwise if the casual determinism is false‚ and therefore they are not morally responsible. According to Frankfurt‚ to be a person‚ one must have a
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In the world today‚ Corporate Social Responsibility (CSR) has become one of the most essential aspects adapted by governments and companies. The concept of CSR normally relates to the firm’s decisions in which would help out towards the company’s growth as well as improving the development of having a better society. The reason CSR has become very important for firms today is to counteract the growing public skepticism caused by corporate wrongdoings (Birth et al.‚ 2008). CSR is defined as “a model
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