Stakeholders 1st Business: Nike The aim of this business is to provide and develop products for athletes of every ability and to make sure their products help athletes reach their potential. They also want to create business opportunities that set them apart from competition and also to provide value for their stakeholders. Having objectives in a business is very important because it brings goals that the business needs to reach and also allows the company to be united. With Nike being a huge
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CSR IMPLEMENTATION A. Short history of CSR In the global context‚ the term CSR into use since the 1970s and increasingly popular‚ especially after the attendance book Cannibals With Forks: The Triple Bottom Line in the 21st Century Business (1998)‚ by John Elkington. Developing three essential components of sustainable development‚ namely economic growth‚ environmental protection‚ and social equity‚ which was initiated by the World Commission on Environment and Development (WCED) in the Brundtland
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The Myth of CSR The problem with assuming that companies can do well while also doing good is that markets don’t really work that way By Deborah Doane Stanford Social Innovation Review Fall 2005 Copyright © 2005 by Leland Stanford Jr. University All Rights Reserved DO NOT COPY Stanford Social Innovation Review 518 Memorial Way‚ Stanford‚ CA 94305-5015 Ph: 650-725-5399. Fax: 650-723-0516 Email: info@ssireview.com‚ www.ssireview.com ~ DO NOT DISTRIBUTE ~ FOR PERSONAL USE ONLY ~
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raman@mmu.edu.my More firms today are beginning to realise the importance of corporate social responsibility (CSR)‚ and its impact on societal well being‚ apart from the overall governance of the supply chain processes of every organisation. Ratings are being developed to measure performances of most firms with regard to their CSR efforts besides their financial performance. This rating would then be used to measure each firm ’s progress in the business world. Many studies have been conducted
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Responsibility (CSR) can improve the competitiveness of a company and that the CSR activities develop a favourable corporate image and their financial performance (Burke & Logsdon 1996). CSR is defined as the obligation of organisation management to make decisions and take actions that will enhance the welfare and interests of society as well as the organisation (Samson & Daft 2009). Some say that the significance of social responsibility has been changed up until today in that CSR activity may not
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Definition Corporate social responsibility (CSR‚ also called corporate conscience‚ corporate citizenship‚ social performance‚ or sustainable responsible business/ Responsible Business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in‚ self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law‚ ethical standards‚ and international norms. CSR is a process with the aim to embrace responsibility
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TOYOTA RECALL: An issue that put its aim of “moving forward’’ to a standstill CSR‚ Corporate Social Responsibility‚ is currently a fashion in the business world. Many corporations and/or organizations set up divisions of CSR and have been publishing reports of their CSR activities in the past decade. To explain and understand this concept further let me tell you about the most talked about organization in the past few years‚ Toyota Motors which has been facing certain criticism in its business
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How and Why Multinational Corporations Pursue CSR Strategies: the Case of Nestle in China Anna Chou A thesis in partial fulfillment of the requirements of the Interdisciplinary Honors Thesis Written under the direction of Professor Kathe Newman Bloustein School and Professor Michael Santoro Rutgers Business School School of Arts and Sciences‚ Rutgers University 2013-2014 Electronic copy available at: http://ssrn.com/abstract=2420273 Table of Contents Abstract
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corporate social responsibility (CSR) by examining six sets of factors conventionally considered as promoting outcomes consistent with core principles of social responsibility: intra-organizational factors‚ competitive dynamics‚ institutional investors‚ end-consumers‚ government regulators and non-governmental organizations. Each factor is addressed conceptually‚ empirically‚ and with respect to its likely future significance in promoting outcomes consistent with CSR. Our overall conclusions are not
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Strategic Corporate Social Responsibilities and Law Contents BP Company Info 3 Deepwater Horizon Oil Spill Event 4 Summary of the Deepwater Horizon Event 5 Stock price before and after Deepwater Horizon 7 Impact on Stakeholders 8 BP’s Oil Spills and Corporate Social Responsibility 9 Inadequate disclosure on the oil spill event 11 Recommendations for BP to get reputation back 13 Conclusion 14 BP Company Info BP is a global oil and gas company headquartered in London‚ United
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