marketing, social responsibility refers to an organisation’s obligation to maximise its positive impact and minimise its negative impact on society” (Pride, Elliott, Rundle-Thiele, Waller, Paladino, & Ferrell, 2006, p.69). Manufacturers have been accused of developing alcohol products that have been designed, packaged and promoted specifically to target young consumers. Considering current societal concerns about youth binge drinking and its side effects, and the role of corporate social responsibility
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BUSINESS RESPONSIBILITIES IN INDIA By SUBHADEEP MUKHERJEE AKASH BHATTACHARYA KOSHYS INSTITUTE OF MANAGEMENT STUDIES Bangalore M.B.A 4TH SEMESTER EMAIL ID- subhadeepm@yahoo.in akashbh89@yahoo.com MOBILE NO : 8892722750, 8892722760 Paper to be presented at the COGNIZANCE 2013 conducted by Indian Institute of Technology , Roorkee , on 22nd to 24rth March 2013. SUBHADEEP MUKHERJEE AKASH
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to be a social responsible organisation. The standard is not a certification but provides guidance on social responsibility actions, and is strictly voluntary. It was launched in November 2010 after a substantial consultation processes with experts in over 75 countries, lead by the working group on social responsibility set up in 2004. It is intended to promote a common understanding of social responsibility, and to complement other instruments and initiatives for social responsibility, not replace
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Making a profit is the cornerstone to all business ventures started. Business is defined as “all profit-seeking activates and enterprises that provide goods and services necessary to an economic system.” (Boone & Kurtz, 2011) The majority of people entering the business world are looking to gain profits, and rewards for their physical and intellectual labor. Developing ones leadership style is key in starting any business; choosing the wrong style one can stunt the growth of their business. “Leadership
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management’s only social responsibility is to maximize profits. socioeconomic view The view that management’s social responsibility goes beyond making profits to include protecting and improving society’s welfare. social obligation When a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities. social responsiveness When a firm engages in social actions in response to some popular social need . social responsibility A business’s intention
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responsible” businesses, meaning that in addition to making money, proprietors are also out to make a difference in society by contributing profit resources to the community, protecting the environment, or developing programs to further more abstract social agendas. One example of a purely for-profit company is Crystal Clear Technologies (CCT) based out of St. Petersburg, Florida. CCT was founded in 2002, by Crystal Culbertson after she finished her tour as a Logistics Specialist in the United States
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company. Use real board members to tell the people they are on the board of directors. As a board member you must make sure that everyone is acting accordingly to the rules that have been set by the organization. Clean Power corporate social responsibility is to continue commitment by business to behave ethically and contribute to the development of the new Dominican Republic location while improving the life of the families and communities. The first ethical issue with this is the running sewer
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The Clean Power Company, based in Cincinnati, Ohio, has been in operation for 5 years. The company produces an energy regulating device that automatically regulates the use of power sources in homes and businesses. Recently, they have realized that in order to stay in business, they will have to move their operations out of the country. They have purchased approximately 500 acres next to the Chavon River in the southeastern part the Dominican Republic. The land is totally undeveloped. However
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regarding fair value presentation of assets on the balance sheet was really relevant in representing firms. I also thought that the paper on Corporate Social Responsibility Practices in the Listed Companies of Sri Lanka: A Survey Study by Dr. Susith Fernando was also a very stimulating. I would definitely like to see more research on corporate responsibility particularly with listed companies in developing countries like China or Mexico. Overall the presentation on professor’s research help stimulate
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Corporate social responsibility is the commitment of businesses to act ethically and to positively give back to society by improving economic development and quality of life of the employees, shareholders and communities. Businesses that practice social responsibility ensure that their mission and values improve the wealth of businesses and at the same time contribute to the sustainable development of the society. Corporate social responsibility is the voluntary act of a business to “contribute
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