Based on the pyramid of corporate social responsibility the levels go in order of economic responsibilities, legal responsibilities, ethical responsibilities, and finally philanthropic responsibilities. Economic responsibilities is the base of what businesses are made for. The number one goal of a company is to make profit. Without initially making profit, everything else in the pyramid is invalid. After economic responsibilities are established, legal responsibilities come next. This means that the
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MGT/498 November 20, 2011 Professor: Dr. Earl Levith Ethics Ethics as will be described in this paper pertains to the social responsibility that any business must possess at the time of developing a strategic plan while considering stakeholder needs and agendas. This paper will discuss the Real Estate sector of the United States’ economy as well as a well known company called Enron, and its questionable overstep into unethical practices on various levels that brought forth government interference
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New Belgium Brewery 1) What environmental issues does the New Belgium Brewing Company work to address? How has NBB take strategic approach to addressing these issues? Why do you think the company has taken such a strong stance toward sustainability? New Belgium Brewing Company strives to take an environment friendly approach to their manufacturing process and facility, focussing on reducing their carbon footprint and energy usage. They were the first-ever American brewery to fully incorporate
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Global Social and Ethical Responsibilities Expanding to a global organization will present some ethical challenges to any organization. Every country has their own set of ethics, values, and moral standards. Most of these standards, ethics and values are set because of the economic status, religion and or the legal system of the country. In most instances the ethical and social responsibility can be extended to the company’s belief system of the country. When a company is venturing out,
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Social responsibility and ethics is an important issue. There are various reasons for a company to conduct business in and ethical and social manner. In the wake of scandals such as Enron it is important companies make an effort to become more responsible. This report will provide a strategy to help Company X Financial Service become socially responsible. A1. Environmental considerations and recommendations A successful company goes further than just meeting the standards mandated by law. A socially
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This paper will be discussing the relationship between critical thinking and ethics. Critical thinking plays a huge role in ethics. Critical thinking is a clear and rational, open minded and informed. Ethics is moral principles that govern a person or group behavior and rule of conduct. Definition of critical thinking is the intellectually disciplined process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and/or evaluating information gathered from, or generated by
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global marketing giant of athletic footwear, apparel, and equipment. This paper will provide an analysis of the ethical and social responsibility issues Nike must deal with as a global organization. Additionally, the paper will identify Nike’s ethical perspectives and present the exploration of these perspectives across cultures. Ethical and Social Responsibility Issues Nike began globalization through industrializing in countries, such as Vietnam, Malaysia, Indonesia
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we intend to turn our aimed for future into a reality. How we intend to make our vision come true is addressed in our mission statement. The vision statement is simply a description of what the company intends to become. Culture, Values, and Social Responsibility Culture, ethics, and social responsibility are all very important aspects to consider in strategic planning. There are important values that determine the culture of GOODs, the most important is customer service. Customer service is used
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success or failure in securing employment. Tom ought to be honest in his work history; as the requirement of previous experience is only desirable he is still has a chance at securing employment, and will be fairer on all applicants, the hiring company and it’s employees thus providing the greatest good for the greatest number of people. ¬ Stakeholders Lie - Harms Lie - Benefits Truth – Harms Truth - Benefits Tom – employment could be halted due to misleading information – if unable to
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store in a large metropolitan area can be extremely challenging. There are many factors that may ultimately determine whether or not a business will be successful in such a difficult environment. In the given statement, Company Q has shown a considerable lack of social responsibility. They have decided to close two stores in an area of the city that is known to have higher crime rates because they are consistently losing money. The question that they have not addressed is whether or not the location
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