explain business ethics and the importance of it. Strong business ethics should include integrity, honesty, and fairness to all involved. Ethics isn’t only for the employee but also for the employer of the organization who should have ethical standards in the place established by the leaders of the organization. To have a more in-depth understanding of the importance of a powerful ethical value in a business organization the role of ethics should be explained to include social responsibility, and
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ENTRY LEVELS MODULE 1: INTRODUCTION OF MICROECONOMICS Economics is the study of how human coordinate their wants and desires, given the decision making mechanisms, social customs and political realities of the society. This definition of economics rotates mainly on the basic force there is the economic system, that is the individuals within. We cannot appreciate the bigger picture more should we not look closely to the minute details of what constitutes the economy. Therefore we studied microeconomics
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Chapter 1: The phrase “Corporate social responsibility” refers to a corporation’s responsibility towards society. The topic is subjective, so naturally there is some disagreement about those “responsibilities”. Like do companies have a responsibility to donate money for charities or to give their employees higher wages and customers safer products? Or is their responsibility to maximize profit for their shareholders or stockholders? Shareholder theory: Milton Friedman argues that in a “free enterprise
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‘Bosch dumps solar business as losses mount’, Sydney Morning Herald, 25 March, viewed 28 March 2013, Summary Bosch, a German Engineering Company, is removing its solar energy business in all worldwide locations early next year after it failed to add value to the organizations portfolio (Sydney Morning Herald 2013). Despite early efforts by management to expand their renewable energies business, most notably Bosch’s 1.1 billion euro acquisition of Ersol (Gow 2008), increases in price competition
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competition, technology, changes in customer preferences, and the business environment. Instead, they use their current successes to continue to build a competitive advantage for the future, constantly seeking new ways to remain flexible, innovative, efficient, and responsive to their customers. One of the most important ways of accomplishing this is to make sure that their organization structures and systems remain adaptable. A business must always be prepared to meet the complex and ever-changing
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Corporate Social Responsibilities Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the
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Hospitality companies have an ethical responsibility to go green even at the expense of the bottom line Nowadays it has become fashionable for businesses and organizations to adopt and promote environmentally friendly approach. This adaptation not only helps making these organizations noticeable but also is considered to be cost effective. The expectations and pressures of going green have also affected the hospitality industry as customers are rapidly becoming aware of the environmental concerns
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limitation | 2-5 | 02 | RESEARCH METHODOLOGY * Type of research * Type of data used * Method of data collection | 6-8 | 03 | COMPANY PROFILE * Introduction of company * History,vision,mission * Organization structure * Social Responsibility * Product * Environment * Certification * Achievement & Awards | 9-25 | 04 | FUNCTIONAL AREA * Human resource management * Finance management * Production management * Marketing management | 26-32 | 05 | LEARNING | 33
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TFSU Zhu Mo In recent five years, as a global sport empire, Nike’s success has been widely discussed and debated on the level of the world. However, Nike’s affluence has appealed dozens of doubt coming from media and non-profit institutions, which have conducted investigations on its value chain. As an astonishing result, its manufacturing factories in south-east Asia, as reports indicate, are sweatshops where workers slaved away in hazardous conditions for below-subsistence
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Responsbilities Introduction Company responsibility is a process which aims to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders. It is defined as a form of corporate self-regulation which is integrated into a business model. Company responsibilities functions as a built-in, self-regulating
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