1) MEANING OF CSR Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple-Bottom-Line- Approach”), while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw
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BUSINESS ENVIRONMENT Table of Contents Introduction2 Task 13 Task 25 Task 36 Task 48 References10 BUSINESS ENVIRONMENT Introduction: This assignment gives a description of business environment and its purposes, nature etc. Business environment is the sum of two environments that is micro environment or internal environment and macro environment or external environment. This micro environment is the immediate environment of the organization because it affects the company performance
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Ethics and Social Responsibility in Business Strategic Planning MGT/498 June 20, 2014 Company stakeholders may not only be investors in a company they may also have voting power that can influence the social and financial impact of a company. With this voting power comes a social responsibility to the employees, customers and anyone associated with the company. The company's bottom line is not the only thing that must be considered
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Yeni Rojas Legal, Ethical and Social Values of Business Chapter 4 “Traditional Theories of Property and Profit” January 27, 2015 Abstract This paper examines chapter 4 Traditional Theories of Property and Profit. It starts off with the case study of New Protocol: How Drug’s Rebirth as Treatment for Cancer Fueled Price Rises, and the ethical challenge being faced by Celgne Corp. The company must choose between securing the financial wellbeing of their company or responding to the public’s
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ORGANISATION (P1.1) Different types of organizations have their own business policies, structure, and strategies and so are their purposes. So, whatever the business organizations there must be some specific purposes for which the organization was established (Nordhaus, 2009). The major organization’s types are sole proprietorship, partnership and corporation. The following organizations are analysed to find out their business types and purposes; a) Virgin Group LTD: Virgin Group LTD is a private
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Business Ethics: Apple Apple today is continuing to be a leader in the technological field, with its new innovations of various electronics, along with its ability to make other competitors want to follow in their shoes. With over 408 retail stores in 14 different countries, a company this large is forced to have certain morals and social responsibilities in order to make sure they are functioning as a whole and achieving that one common goal specified by the corporation (Forbes.com). Apple’s ethics
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clothing companies provide a standardized social responsibility report so that consumers can make informed decisions regarding their purchases? Should the US mandate that all companies report their social responsibility worldwide? Why or why not? The short answer to both questions regarding government mandates for reporting social responsibility is “no”. Public companies have an economic responsibility to their stakeholders, primarily to make a maximum profit. All activities of a corporation should
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Ethics and Social Responsibility MGT/498 September 2, 2015 Ethics and Social Responsibility Ethical behaviors offer significant advantages, society as hold benefits. Executives who behave ethically are better off and live more fulfilled lives, and unethical behavior can destroy an organization and the individuals who take part in it. Conducting business in the appropriate manner may not always generate the greatest profits however in the end it will lead to greatest personal satisfaction
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‘Corporate Social Responsibility’ is set of responsibilities based on ethics and law that an organization has towards the society. It’s a long term relationship of an organization with its consumers, revolving around actions that lead to long term profits. This concept can be traced back to 1800s. It is now accepted on a larger scale with both the sides with enough to gain. Educational, medical and non-profit organizations etc. are funded and believed to be a beneficial investment in creating an
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Emergence of Social Enterprises in China By JIN Jinping∗∗ Abstract Is social enterprise a new form of organization, differ from for-profit ones and not-for-profit ones? The article tries to answer this question. The social enterprises seem blur the boundary between for-profit and not-for-profit in the objects, while they don’t break though the distinction between for-profit organization and not-for-profit organization, and the rules applied respectively. However the social enterprises can
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