need for business to be a more involved entity than just a products and service trader. This concept however encompasses many different ideas and different implications as to what is means to be socially responsible. Michael Porter’s article “Creating Shared Value” looks at, “the connection between societal and economic progress” (Porter). The article written by Archie Carroll and Kareem Shabana titled, “The Business Case for Corporate Social Responsibility: A Review of Concepts, Research and Practice”
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Creating Shared Value. (Michael E. Porter & Mark R. Kramer) * What is your reaction to this article? Critically evaluate its content based on your personal and professional experiences and any additional research you might like to do. The article starts with a description of the cynicism surrounding capitalism and management, and also some of the reasons for such cynicism. My life’s first attitude towards capitalism and management was also marked by distrust and skepticism
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Phat Trieu COB 487 Write-up #1: Article The Big Idea-Creating Shared Value Questions: Is there a linkage between business strategy and corporate social responsibility? Nowadays, many companies have put so much effort into improve their social and environmental consequences from their activities. However, some of them are succeeded and some are not nearly productive as they suppose to be. In my opinion, there are possible two reasons in which are due to the pitfall of their business to
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My personal ideas behind the Shared Value Principle. Since the last decade, and under the concept of Corporate Social Responsibility (CSR), myriad companies have been working very hard to be in compliance with the new laws and ethical standards. The actions imposed by governments are still considered by firms as a legal responsibility to prevent damage to environment. Notwithstanding, they also think that it is an effective means of improving their reputation vis-à-vis the communities in which
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David Lew Qingwei Rachel Crumpler Business and its Publics: Section 29 May 12, 2013 TOMS Shoes and the Effective Creation of Shared Value Over the last 30 years, absolute poverty worldwide has fallen 20%, yet poverty levels in Africa have remained static, hovering around 40% of the continent’s population over the same time period (“Poverty”). Poverty is endemic to many developing nations in Africa, and many attempts have been made to ameliorate the socio-economic toll that it wreaks on the
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compliance Our people Nestlé in society Creating Shared Value and meeting our commitments 2012 Full report Nestlé in society | Creating Shared Value and meeting our commitments 2012 | Full report 1 What is CSV How we implement CSV Nutrition Water Rural development Responsible sourcing Environmental sustainability sustainability Human rights and compliance Our people Nestlé in Society: Creating Shared Value A message from our Chairman and our CEO About
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constraints, and risks does the firm face? What are the scope and limits of its social responsibilities? There are two aspects to look at how Nike has acted: 1) The intension with which it has acted: any corporate’s acts are a manifestation of the values of individuals responsible for making decisions. In my view the most relevant reading that applies to Nike is Kant’s philosophy of acting in good will to others and out of moral duty. Kant believes people should respect the rights and dignity of others
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want accurate, up-to-date and useful information about what they buy. In short, consumers want the facts. This growth of consumer power is known as consumerism. CURRICULUM TOPICS • Market orientation • Business ethics • Business communications • Value chain • Product positioning GLOSSARY Consumerism: situation in which consumers of products exert power and develop consumer rights. Fast moving consumer goods (FMCG): wide range of everyday consumer products. Marketing orientation: focusing an organisation
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Although cultural barriers exist to the elimination of child labor in India, we believe that with community prosperity, increased infrastructure, and growth, the need for child labor will disappear. We do not feel that Bayer should directly invest in creating schools for children or water treatment facilities, as these activities are clearly outside the bounds of Bayer’s expertise. We feel that there is a natural progression in prosperous societies to move away from child labor, as has been the case for
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1. Creating Shared Value; Porter & Kramer CSR is the idea that companies should begin to expand their strategies out to focus on how their company can serve to help the societal issues around them. This strategy is important because the strategies used by companies today are only effective for the short-term. By restructuring the way a firm is run to accommodate both societal and economic needs, the firms will see a greater long-term success and profit. The incentive for firms is that the lack of
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