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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Corporate Social Responsibility: Indian Experience Dr. Devendra Kumar Assistant Professor L. N. Mishra College of Business Mangement‚ Muzaffarpur Email: devenswamy@rediffmail.com Prologue: India is a fast growing economy and is booming with national and multinational firms. At the same time‚ the Indian land also faces social challenges like poverty‚ population growth‚ corruption‚ illiteracy just to name a few. Therefore it is all the more imperative for the Indian companies to be sensitized
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did GE conform with the “General Principles of corporate Social Responsibility” set forth in the section of that title in the chapter? Here some of the General Principles of Corporate Social Responsibility that should be exercised by the managers: 1. Corporations are economics institutions run for profit. This are their main responsibility‚ they are oriented to the financial incentives‚ and not in the term that have to be able to meet the social objectives without financial incentives. In this
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Ethics and Corporate Responsibility Chick-fil-A Founder‚ S. Truett Cathy states that “Religion is at the key of the family-operated business‚ says Cathy‚ whose son Dan is the chief operating officer and whose other son‚ Bubba‚ is a vice president. According to the family patriarch‚ “Our decision to close on Sundays was our way of honoring God and directing our attention to things more important than our business.” The company ’s stance on religion is so serious that part of its mission statement
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Fundamentals of Social Responsibility: Corporate Social Responsibility: The managerial obligation to take action that protects and improves both the welfare of society as a whole and the interests of the organization. Davis Model of Corporate Social Responsibility: Keith Davis: A generally accepted model of corporate social responsibility. List of 5 propositions that describe why and how business should adhere to obligation to take action that protects and
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EJBO Electronic Journal of Business Ethics and Organization Studies Vol. 12‚ No. 1 (2007) Positioning Stakeholder Theory within the Debate on Corporate Social Responsibility Manuel Castelo Branco Lúcia Lima Rodrigues Introduction The present-day conception of corporate social responsibility (CSR) implies that companies voluntarily integrate social and environmental concerns in their operations and interaction with stakeholders. The European Commission defines it as “a concept whereby companies
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Preschool Education as a Social Investment Researches play a significant role in the society because it is through these that knowledge is enhanced and expanded. Aside from that‚ the different breakthroughs brought about by researches enable people to understand the world they live in. One important research which examined preschool education as a social investment was written by W. Steven Barnett. His study‚ entitled Benefit-Cost Analysis of the Perry Preschool Program and Its Policy Implications
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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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moderately high level of income inequality within the economy. The benefits of income inequality may be that it encourages the labour force to increase education and skill levels and it also encourages the labour force to work longer and harder. Some of the economic costs of inequality may be that inequality reduces overall utility and it can reduce economic growth. Subsequently there are mainly economic benefits of inequality‚ but social costs are involved. Whilst theory suggests that greater growth may
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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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