...Social Responsibility JJT Task 1 Corporate Social Responsibility Strategy Chris Dennison Introduction In today’s global economy of socially conscious shoppers, it is not enough to simply create and sell a high quality good or service. A recent study shows that corporate social responsibility is critical to establishing and maintaining a positive reputation as evident by the more than 90 percent of polled shoppers that would switch to a brand that demonstrates support for a good cause if competing products were of similar price and quality. Additionally, the same amount of consumers was more likely to establish a deeper trust and loyalty to a socially responsible organization in comparison to one that doesn’t show these things. Most importantly, businesses that are not socially responsible are at severe risk of alienating their customer base, thereby impacting their longevity and profitability. Consumers hold the power as they have shown and will continue to boycott corporations that are found to engage in irresponsible practices. With this in mind, it is no longer a question of if a corporation should consider integrating social responsibility aspects to their operations, but rather a question of to what extent leadership wishes to go and how they will develop and communicate this in terms of having a meaningful impact on local community and the environment. In the past, a corporation’s primary responsibility was to turn a profit. The concepts of being socially responsible...
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...Social Responsibility JJT2 Task 1 Business Dictionary defines Corporate Social Responsibility as, “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates.” Corporate Social Responsibility, often denoted as simply CSR, is a valuable tool for business owners to help themselves and society as a whole. A social responsibility strategy needs to be created for Champion Chow. Champion Chow is a large manufacturer and distributor of all-natural organic dog food throughout the country. The concept of a triple bottom line (TBL) will constitute as the overall framework in regards to Champion Chow’s social responsibility strategy. A TBL consists of three main categories: people, planet and profit. People refers to reasonable and favorable business practices toward labor, the public and district in which a corporation conducts its business. Planet pertains to sustainable environmental practices performed by the business. A business that actively follows TBL attempts to benefit the natural order in its region, or at the very least, curtail their environmental effect. Profit refers to the economic value the business creates. A. SOCIAL RESPONSBILITY STRATEGIES 1. Environmental considerations and recommendations Champion Chow was founded by John A. Smith in 1994. He was at the forefront of the organic rage. He himself ate only organic and believed his four legged companion should have the same option...
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...Social Responsibility JJT Task 1 Sheryl K Ellis My chosen company for my JJT Task is Rhodes Air Conditioning. Rhodes A/C is a small company operated by the owner and two air conditioning technicians. As a small company it is imperative that they fully concentrate on the three P’s which are People, Planet and Profit. Today as we look at the world around us we notice changes. Companies and people are making efforts to sustain the environment by taking small steps to recycle and have even started using fuels that are safer for the environment. Car manufacturers are making cars that run on very minimal amounts of fuel by running electrically. As you pull up to many locations now you will find the electrical plugs to plug in your car for a charge while you are refueling your body. The reading material in Chapter Ten of Business and Society: Stakeholders, Ethics, Public Policy states that human activity affects three major forms of natural resources: water, air, and land. Resources can be renewable or non-renewable states the material with fossil fuels being non-renewable because once they are used they are gone. Some items are renewable such as forests and fresh water because these things can be replenished. With these areas in mind: water, air and land one needs to focus their efforts on the sustainability of the environment. At the rate we are going we could soon be faced with a drastic decrease in the availability of fresh water and eventually food. As the world grows at an astonishing...
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...Leading & managing individuals JJT TASK 1 TABLE OF CONTENTS Summary Report: ¬ Introduction ¬ SectionA1. Environmental Considerations and Recommendations ¬ SectionA2. Ethical Leadership Considerations and Recommendations ¬ SectionA3. Organizational Viability and Recommendations ¬ SectionA4. Legal Considerations and Recommendations ¬ Section B. Sources Introduction: Corporate Social Responsibility (CSR) is the commitment of business to contribute to sustainable economic development, working with employees, their families, the local community and society at large to improve their quality of life. Companies that embrace corporate social responsibility look after people and the environment along with good financial results. These companies do not wait until the government imposes particular rule or laws. They look ahead and determine for themselves which environmental and social measures they are able or willing to take. They choose those measures which fit in with their own vision and business strategy. But they also take account of what the outside world asks of them. They developed an identity that is based on finding a responsible balance between people ‘social well-being’, planet ‘ecological quality’and profit ’economic prosperity’(Epstein, 2008). Although every company must consider for itself how best to incorporate social responsibility into its business model, it may be instructive to look at one company’s efforts to incorporate...
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...JJT Task 1 Social Responsibility Develop a social responsibility strategy for your chosen client which includes the following components: A1. Environmental considerations and recommendations (planet) This strategic plan for Wide River Community College District promotes a college wide mission for implementing substantial effort to reduce our environmental impact on the planet, on our neighborhoods, and on our college campuses. Wide River Community College District chooses to promote sustainability in action by reaching, teaching and practicing the suggestions outlined in this strategic plan for a higher quality of living, while ensuring a healthier environment today with greater possibilities for the next generation. Promote the use of alternative forms of transportation for students and faculty: • Ride sharing/carpooling • Taking the bus • Bicycling • Walking Impact: Through the student services department, the Associated Students at Wide River City College (ASWRCC) make it possible for full time students to ride the bus for free with a “Go Pass”. Using alternative methods of transportation supports reduction of greenhouse emissions, which are mostly a mix of carbon dioxide, methane, nitrous oxide, and fluorinated gases. Reducing these emissions will be contributing to better air quality, helping to make our neighborhoods a healthier place to live, work, and play; with less traffic congestion, recovering air quality, and less financial stress for both...
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...negative moving average errors, a high order augmented autoregression is necessary for unit root tests to have good size, but that information criteria such as the AIC and BIC tend to select a truncation lag that is very small. Furthermore, size distortions increase with the number of deterministic terms in the regression. We trace these problems to the fact that information criteria omit important biases induced by a low order augmented autoregression. We consider a class of Modi ed Information Criteria MIC , de ned as mink ln^ 2 + CT T k + k =T, where T k accounts for the fact that the bias in k the sum of the autoregressive coe cients is highly dependent on k. Using a local asymptotic framework in which the root of an MA 1 process is local to -1, we show that the MIC allows for added dependence between k and the number of deterministic terms in the regression. Most importantly, the k selected by the recommended MAIC with CT = 2 is such that both its level and rate of increase with the sample size are desirable for unit root tests in the local asymptotic framework, whereas the AIC, MBIC and especially the BIC with CT = ln T are less attractive in at least one dimension. In monte-carlo experiments, the MAIC is found to yield huge size improvements to the DF GLS and the feasible point optimal PT test developed in Elliott, Rothenberg and Stock 1996 . We also extend the M tests developed in Perron and Ng 1996 to allow for GLS detrending of the data. The M GLS tests are...
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