...performance of the particular business fields 2. Linkage Influence Creating synergies by taking advantages of existing relations between business fields 3. Central Functions and Services Avoidance of redundancies by providing cost-efficient centralised services 4. Corporate Development Design of the business portfolio through purchase, sale and restructuring of business fields Business design The totality of how a company selects its costumers, defines and differentiates its offerings, defines the tasks it will perform itself and those it will outsource, configures its resources, goes to market, creates utility for customers, and captures profit. It is the entire system for delivering utility to customers and earning a profit from that activity. Companies may offer products, they may offer technology, but that offering is embedded in a comprehensive system of activities and relationships that represents the company ́ s business design. (A. J. Slywotzky) Business model (central elements?)...
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...Running head: TITLE RUNNING HEAD Use “Update Page Layout” to Change the Title Corporate Social Responsibility Business organizations in a capitalist economy operate in a fiercely competitive environment. What they believe to be the aims of a capitalist corporation and what they consider to be their duty is defined by two major norms. The “free market” theory claims that the job of any free organization is to maximize profit with a view to the shareholders benefits. In almost direct contradiction, the concept of social responsibility in organizations is taking root. This concept of social accountability shown by large corporations and organization is termed corporate social responsibility (CSR). CSR refers to the phenomenon whereby large organizations take into account the interests of society at large by talking responsibility for their actions and the effect of their actions on the employees, stakeholders and customers; impact on the environment and the community is taken into effect. Often this is seen to extend beyond legislative obligations; many organizations step into this sphere voluntarily to promote the interests of the employees and their families and overall wellbeing for society. CSR does not conform to any specific definition. According to Manakkalathll & Rudolf (1995) corporate CSR can be seen as “the duty of organizations to conduct their business in a manner that respects the...
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