... The Role of Ethics and Social Responsibility in Developing a Strategic Plan Private corporations have a responsibility to society to do more than merely become a profitable organization. The strategic decisions of organizations are not made for the the benefit of the organization alone. Strategic decisions are also made to impact the community, consumers, and workforce of the corporation in a positive way. The strategic decisions made by a corporation are carefully made to reflect the mission and vision of the organization. Every decision includes the appropriateness of how the organization serves the community by keeping their needs and expectations in mind. The ethical interests of the organization must be well defined and all conflicts of interest or legal occurrences must be dealt with in a completely ethical manner. The stakeholder’s have the expectation of transparency from the organization so that their needs are taken into consideration during the course of developing the strategic plan for the organization. The question of what the ethical social responsibility requirements of an organization are can be answered in different ways depending on the view of the corporation. Milton Friedman and Archie Carroll have very different ideas of corporate responsibilities to society. Friedman believes in a more traditional view of corporate responsibility limiting the influence of government regulations that affect...
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...* Corporate sustainability initiatives and accomplishments are published on the Corporate Social Responsibility Newswire site at http://www.csrwire.com. Click on “Members” to find a long list of member companies. After reading information about the company, discuss their social responsibility efforts and sustainability initiatives. How do you think their efforts have impacted company profits? General Mills has shared its Global Responsibility Report to the public for the past 45 years. The report outlines the company’s approach to creating economic, environmental and social value in the countries it operates. Their goal is nourish lives and make an impact on our communities through various outlets. In 2005, General Mills implemented its US Health Matric. Since then, they have nutritionally improved more than 850 products. Their goal is to help people live healthier lives by creating nutritious foods, championing global food safety, education consumers about nutrition and fitness. Part of making this possible is sourcing. General Mills sources the raw materials used in their products. They hope that by 2020 they will source 100% of their top 10 priority ingredients. The environment is also of importance to General Mills. They strive to continually reduce their environmental footprint by improving the environmental performance of their operations. They have cut energy use by 10% and GHG emissions by 23% from 2005 to 2014. Also, since 2005, they have reduced their waste generation...
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...OF CSR Module: Corporate Social Responsibility Industry Name: Sugar Industry of Pakistan Submitted To: Sir Waris Ali Submitted By: Amna zahoor BBA-12-07 Adeel sami Khan BBA-12-09 Rabiya Javed BBA-12-15 Tayyaba Ashfaq BBA-12-26 Tayyab Tahir BBA-12-41 Class: BBA 6th Morning BAHAUDDIN ZAKARIYA UNIVERSITY SUB CAMPUS SAHIWAL. Abstract This report examines the current state of competitive environment of sugar industry in Pakistan. A Brief history of sugar industry and its operation in Pakistan is initially outlined. The discussion then focuses on key ecological and social responsibility issues. For evaluating the degree to which the issues are being addressed, we have studied the CSR activities from their annual reports of 20 listed companies in sugar industry. It is concluded that CSR issues are not properly addressed and solved. The CSR practices are implemented only by the big mills in the industry. It is suggested that CSR practices should be implemented properly. Technological advancement is also very necessary for improving the capacity of sugar industry. Research questions | Research aim | What are the nature, size and market of sugar industry? | To investigate the entire industry structure and its background. | What are the key ecological and social issues in the sugar industry? | To investigate the environmental and ethical problems in sugar industry. | What are the CSR practices in listed mills of sugar industry? |...
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...have a bowl of General Mills Cheerios with Anderson Erickson 1% milk. As you munch on your cereal, you begin to look at the side of the box. What ingredients are in Cheerios? How are they processed and made? Who makes them? What does the factory look like? How are Cheerios packaged? What happens to the packaging when you throw the box away? How does General Mills do it all? How do they maintain customer loyalty? How do they manage their products? What is added to the product to satisfy the customer? General Mills’ brands are best known for quality and value added to their products. General Mills not only creates economic value, but it creates social and environmental value in the way it operates. General Mills is one of the largest companies in the world. Cheerios being one, General Mills manages 32 brands that offer various products. Yoplait offers many yogurt products focusing on the “goodness of taste” while supporting digestive health. Progresso offers a variety of soups and beans, as well as pasta dishes. Don’t forget about the Pillsbury crescent rolls at Thanksgiving or the chocolate chip cookies from Grandma’s house. These brands are all run by the company General Mills. As consumers, we sometimes question the entire process of how a product is made. Sometimes we wonder about the business that develops our products and what procedures they go through to create satisfaction for their customers. A ccording to their mission on the company website, General Mills strives to “nourish...
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...Assignment- Decision Making Awry This assignment asks you to use decision making using social influence, persuasion and risk taking that went awry. Examine a time when you were involved in decision making that went awry as a result of protocols, social norms or persuasive techniques. If you do not want to use an example from your business or personal experience you can base your assignment on a journal article of your selection. Here are some key words to help you find an article for this assignment: * Decision making * Risk taking * Persuasion * Social heuristics Write a 5–6 page paper in Word format that addresses the following: * Describe a decision-making scenario using your business experience, personal decision making or cited journal article; include an example of the decision-making process, why it was a risk, how persuasion was used, and what the social heuristics were. * Explain the incentives that caused others to support the decision and identify why these incentives were selected. * Identify the risks and the potential decision biases in your scenario. Propose the corrective steps that should have been taken to overcome these biases. If a risk assessment was conducted how did this affect the decision-making process? * Analyze your scenario for what happened in terms of social heuristics. Explain how decisions were made and the social factors that shaped the decision-making environment. * Discuss the greatest challenges...
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... 2006 Corporate Social and Environmental Disclosure in Developing Countries: Evidence from Bangladesh M. Hossain Hail Community College, Saudi Arabia, monirulhossain@yahoo.com K. Islam University of Wollongong, mksi747@uow.edu.au J. Andrew University of Wollongong, jandrew@uow.edu.au Publication Details This conference paper was originally published as Hossain, MA, Islam, KS and Andrew, J, Corporate social and environmental disclosure in developing coutries: evidence from Bangladesh, in Proceedings of the Asian Pacific Conference on International Accounting Issues, Hawaii, October 2006. Research Online is the open access institutional repository for the University of Wollongong. For further information contact Manager Repository Services: morgan@uow.edu.au. Corporate Social and Environmental Disclosure in Developing Countries: Evidence from Bangladesh Abstract This is an exploratory study designed to investigate the extent and nature of social and environmental reporting in corporate annual reports. Specifically, we examine the relationship between social and environmental disclosure and several corporate attributes in a developing country, Bangladesh. In order to do this, we have developed and utilized a disclosure index to measure the extent of disclosure made by companies in corporate annual reports. This study reports significant differences in levels of social and environmental disclosure, as measured by the mean values of the social and environmental...
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...harvested by hand (White, 2010), to the Social Media Marketing Era. The following eras will be described using different business types to explain what companies did during the era; Production Era, Sales Era, Marketing Concept Era, Market Orientation Era, Customer Experience Management Era, and Social Media Marketing Era. The production era began in the mid 1800s and lasted for 60 years. The revolution of mass production began during this era and business’ main focus was on selling their products rather than satisfying customer needs (Crane, 2014). The Ford Motor Company played a big part in the production era, this is when Henry Ford introduced the first moving assembly line. The moving assembly line at the Ford Motor Company was able to to meet the ever growing demands of a motorized vehicle by producing one Model T vehicle every 24 seconds (History, 2009). The main focus of The Ford Motor Company was the amount of vehicles the assembly line could produce and sell; this was done by creating using production plants where the parts being used to produce the vehicles could be interchangeable on the assembly line, and the ability of the assembly line to move instead of being static. After the production era came the sales era, beginning in the 1920s and lasted until the 1960s. Industries, like the flour industry, were producing more than customers could consume and competition was growing (Crane, 2014). Companies like General Mills had to find ways to persuade customer to...
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...Over the years Target has shown a lot of effort and growth on the corporate social responsibility front which shows that they really care about their social responsibilities. Throughout the years Target has shown their concern about the education of children and they have done their best to increase the opportunity of every child to obtain an education. Forbes Magazine conducted a study that produced five elements of the best corporate social responsibility companies that include: “business-based social purpose, clear theory of change, quality and depth of information, concentrated effort, and partnering with experts” (Allen). After reading about Target’s efforts to improve education across the country a reader can conclude that Target hits...
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...Corporate Social Responsibility Of AKIJ Group of Industries Course Code: BUS 101 Course Title: Introduction to Business Submitted To: Ms.Rumana Afroze Senior Lecturer Dept. of Business Administration East West University Submitted By: Group name- United S/l | NAME | ID | 1 | Md. Sayedur Rahman Bhuiyan | 2013-2-10-187 | 2 | Nafiur Rahman Khan | 2013-2-10-183 | 3 | Alema Rahim Sadabi | 2013-2-40-039 | 4 | Hazera Israil Sumaiya | 2013-2-40-038 | 5 | Sabiha Afrin | 2013-2-40-041 | Date of Submission: 16th July 2013 LETTER OF TRANSMITTAL 16th July 2013. Ms. RUMANA AFROZE Senior Lecturer, Department of Business Administration East West University Dhaka. Dear Madam, We are pleased to inform you that the Corporate Social Responsibility report you assigned for 11th June 2013 has been completed. We have chosen Akij Group which one is the manufacturing organization as a topic of report. This report as per your instruction has covered all the authentic areas of concern and contains all the relevant information about the company’s history, vision, mission, goal, social responsibility for our country. We would dearly like to thank you for the faith you showed in our capabilities & the encouragement you gave us when assigning us the report. In this report you will experience concise idea about this report in the executive summary attached. We have tried our best to gather as much information as possible. All rules and regulation...
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...“Corporate Social Responsibility: A Journey towards sustainability Case Study on Ballarpur Industries Ltd.” in reference to Yamunanagar Plant” *Ms. Shilpa Jain **Mr. Abhishek Tripathi Abstract ……………………………………………………………………………………………………………………………… CSR is not new to India; companies like TATA and BIRLA have been imbibing the case for social good in their operations for decades long before CSR become a popular cause. Inspite of having such life size successful examples, CSR in India is in a very nascent stage. It is still one of the least understood initiatives in the Indian development sector. Thus the situation is far from perfect as the emphasis is not on social good but rather on a policy that needs to be implemented. A lack of understanding, inadequately trained personnel, non availability of authentic data and specific information on the kinds of CSR activities, coverage, policy etc. further adds to the ineffectiveness of CSR programmes. But the situation is changing and CSR is coming out of the purview of ‘doing social good’ and is fast becoming a ‘business necessity’. The ‘business case’ for CSR is gaining ground and corporate houses are realising that ‘what is good for workers - their community, health, and environment is also good for the businesses. Present article focuses on the CSR with the case study of BILT (YamunaNagar Plant) as a concept and analyses the real life case study. Present paper is divided in to two parts. First part gives the insight...
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...Steven Masetti Professor Guo 11/29/13 BU201 General Mills General Mills is a company engaged in the marketing and manufacturing of branded consumer foods sold through retail stores. The company operates about 50 facilities for the production of the wide range of food products. General Mills operates through three business divisions, U.S. retail, international services, and bakeries and food service. Its consumer brands include Cheerios, Fiber One, Haagen-Dazs, Nature Valley, Yoplait, Betty Crocker, Pillsbury, Green Giant, Old El Paso, and Wanchai Ferry. Its main headquarter is in Minneapolis and the company operates in more then 100 countries. General Mills’ International operations have been growing rapidly in recent years. Fiscal 2012 international segment net sales are expected to exceed US$4 billion. including sales from the Yoplait international yogurt business acquired July 1,2011. International sales are growing 22%, although earnings will be flat with last year, capped by one-time charges in 2012 for acquisitions of brands in Canada, Brazil and the U.S. General Mills product line is very well increasing in revenue and one main product that has been a huge seller is the Greek 100. Greek 100 is General Mills’ biggest-selling new Yoplait product in at least 20 years. It’s expected to do $140 million in sales in its first full year. Only about 2 percent of new consumer product launches do over $50 million in their first year so that’s really a big move. Greek...
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...Integrating Values - The Legality, Morality, and Social Responsibility of the George Brothers & the Largest Pill Mills in South Florida Abstract This paper examines the legality and ethics of the George brother’s pain medication clinics in South Florida. It explains the legality of the pain medication supply that is available for consumers that medically need it and how its source can also be an easy access to addicts. Although it is considered legal, is it ethical? In this paper we study different theories in ethics, including Kantian and Utilitarian ethical models. These models provide clear analyses that guide us in deciding if pain medication distribution from pain clinics is ethical. Finally, we review and conclude if the George brother’s pain medication clinics were acting socially responsible within their communities. Given the rise of pain medication abuse and illegal reselling, pain clinics in South Florida should adhere to strict rules to provide services to those that need it and not turn their businesses into pill mills. Introduction Purposes of Paper The intent of this paper is to provide a detailed and analytical examination of the George brother’s pain medication clinics. Throughout this paper all approaches will be examined such as the legality and ethics of the case, and how social responsibility plays a role. In the past few years in South Florida, there has been a rise of pain medication addiction and the reselling of these narcotics. Pain...
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...Executive Summery BSRM Steel Limited, a high grade steel manufacturing company has been operating as a sister concern of BSRM Group of Companies, the most successful and highly regarded group in the steel sector of the country. The BSRM Group is known for its long exposures in all sub- sectors of steel industry since 1952 including ship breaking, scrap processing, and billet manufacturing, manufacturing of MS rod as well as in other ancillary operations. Bangladesh Steel Re- rolling Mills Limited (BSRM), the flagship company of BSRM Group was established in 1985 for automated steel re- rolling mill and has been operating successfully. In order to cater to the increased market demand, the group established BSRMS with a production capacity of 375000 M ton, per year in 2002. It is the first ever fully automated steel re- rolling plant in the country and also regarded as the largest plant in terms of capacity in the country. The product has come out under the brand name of “BSRM Xtreme 500W” round bars. Such rods are superior equipment in the construction. The project has been conceptualized by German requirements in construction. The project has been conceptualized by German Consultants “Badische Stahl Engineering (BSE)” and the complete plant & machineries have been supplied by Danieli Group, Italy- one of the three largest suppliers of equipments and plants in metal industry worldwide. It was incorporated on 20 July 2002 under the companies Act 1994 as a private...
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...Corporate Social Responsibility in Agriculture sector By Mrs.Vanishree.V,MBA Abstract: As rightly said by Amartya Sen, intervention is required for the equitable distribution of wealth and improving the quality of life of the society and it must come voluntarily from the corporate houses and their top management. Thus, for a fast growing economy like India which is striding fast to become a developed country, the participation of the business houses in strengthening the economy has become indispensable.CSR is not new to India, even before CSR became a popular cause, it did exist in India. Companies like TATA and BIRLA practiced it in the form of social initiatives. In the light of the above, the paper attempts to explore the CSR initiatives and best practices of various selected Indian companies in Agricultural sector. Objective: The objective of this paper is to examine the nature and extent of corporate social responsibility (CSR) initiatives under taken by selected Indian companies in Agricultural sector and to study its relevance in business. Research Methodology: The research paper is an attempt of exploratory research, based on the secondary data sourced from websites, journals, magazines, articles and media reports. To study the above objectives 8 agro based companies were selected based on the CSR Report in their website. Limitations The main limitation of this paper is that this study has only focused on a small sample of Indian companies...
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...Winter Internship Report on the basic study of Corporate Governance and Comparative Analysis Of The Annual Reports of Vizag Steel and TATA Steel At Vizag Steel Submitted in partial fulfillment of the requirements by NALSAR University Submitted By Sushma Yanamadala ( Centre for Management Studies National Academy of Legal Studies and Research Shameerpet, Secunderabad. Certificate from Company Declaration I hereby declare that the project entitled “Corporate Governance and Comparative Analysis of the Annual Reports of Vizag Steel and TATA Steel” submitted to the NALSAR University of Law, Centre for Management Studies, Secunderabad has been prepared by Sushma Yanamadala in Corporate Governance Department at Vizag Steel, Vishakapatnam. This embodies the data collected and analyzed under Mr.S.SakthiMani, Company Secretary, at Vizag Steel and hereby approved. The data collected for the analysis and report was provided by Vizag Steel, and was asked to use this information only, which include the company profile, annual reports and articles that have been used for reference. Place: Vishakapatnam Date: Signature of the candidate --------------------------------- ACKNOWLEDGEMENT ...
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