The Boundaries of Strategic Corporate Social Responsibility Geoffrey P. Lantos Professor of Business Administration Box D-55 Stonehill College North Easton, MA 02357 June 2001 Phone: 508.565.1205 Fax: 508.565.1444 E-mail: glantos@stonehill.edu 1 The Boundaries of Strategic Corporate Social Responsibility Keywords Corporate social responsibility (CSR), Roles of business, Stakeholder theory, Ethical CSR, Responsibilities and duties, Altruistic CSR, Strategic CSR, Abstract Reviews
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Microsoft Corporate Social Responsibility ETH/361 July 21, 2014 Lorece Tietjen Microsoft Corporate Social Responsibility: Introduction The Microsoft office was ranked number one company for their Corporate Social Responsibility reported by Reputation Institute’s 2012 CSR Rep Trak 100 Report, around the world. This study was conducted via various indications such as Citizenship, Governance and Workplace and Microsoft received the first category of Governance and the top ranking
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CORPORATE GOVERNANCE AND SOCIAL RESPONSIBILITY ➢ INTRODUCTION AND IDENTIFICATION The concept of corporate governance has attracted considerable attention, domestically and internationally, in recent years. Following a number of high profile corporate collapses, such as HIH insurance and One.Tel in Australia, and Enron and WorldCom in the United States (US), a number of regulatory changes aimed at improving corporate governance have been implemented. The corporate world is
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Patagonia: Corporate Social Responsibility Analysis According to John L. Campbell, a socially responsible company does no harm to stakeholders and if harm is done, they quickly rectify the problem (p.951). Before a company can be socially responsible, the key decision makers must know what the term means. Patagonia's mission statement demonstrates the company's awareness of what it means. "Build the best product, cause no unnecessary harm, and use business to inspire and implement solutions to
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concept of corporate social responsibility encourages responsible business practices. To support your evaluation and argument, include an appraisal of how two companies currently promote social responsibility. In order for companies to positively impact their communications with their stakeholders many companies like Nike and Goldman Sachs are continuously seeking new ways of carrying out corporate social responsibility Reeves (2012). The re-developments of corporate social responsibility often derive
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Corporate social responsibility (CSR) refers to a company’s policy of protecting consumers, employees, community and the environment in addition to its own bottom line. Many consumers are aware of the potential for long-range harm from unethical business practices and will refuse to purchase the products or services of companies that employ such practices. For this reason, many companies have emphasized the importance of corporate social responsibility. Apart from its own benefits, it is also a good
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Case Study: Timberland’s Corporate Social Responsibility- Under New Ownership 1. How would you characterize Timberland’s exercise of its corporate power in society? Is Timberland using its influence responsibly? If so, how? Timberland’s exercise of its corporate power in society would be characterized as socially responsible since the company has created a commitment to giving back to society and its organization’s stakeholders. Timberland acts in such a way that enhances its society and
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exists only to make profit without any consideration or regards to anything else in the world as said by the economist Milton Friedman in his essay “deriding the idea that a business had any responsibility other than to maximise its profits within legally and ethically acceptable margins, arguing that ‘a corporate executive is an employee of the owners of the business. A few new theories were introduced in the famous essay written by Milton Friedman. These theories suggested that the only reason
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Introduction: Social Responsibility of Business or Corporate Social Responsibility (CSR) refers to management decisions & actions taken for reasons at least partially beyond the organizations’ direct economic or technical interest. The Concept of Corporate Social Responsibility is merely in growing stage towards social effectiveness of business. It is the philosophy which justifies business involvement in its social community. The simple fact is that business is a major social institution, and as
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The purpose of this research paper is to investigate whether Corporate Social Responsibility (CSR) is becoming a common standard in the Caribbean corporate financial community and the associated benefits as it relates to the business strategy and financial performance. Historically, corporations were expected to serve some public purpose as justification for the benefits and privileges they receive. However, since the 1970s, the view has become widespread that corporations exist solely to maximize
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