Corporate social responsibility has supporters and opponents like many other things in our lives. Those that support corporate responsibility believe corporations have a duty to give back to their communities. Then those that oppose corporate social responsibility believe that they need only operate within the laws, but have no responsibility to society. This group believes they are only responsible for their shareholders by maximizing profits and increasing the wealth of these shareholders.
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The sector overview and Major players The Indian Pharmaceutical industry is highly fragmented with about 24,000 players (around 330 in the organised sector). The top ten companies make up for more than a third of the market. The Indian pharma industry (IPM) grew by 16% YoY in 2012 to ` 629 bn. It accounts for about 1.4% of the world's pharma industry in value terms and 10% in volume terms. Besides the domestic market, Indian pharma companies also have a large chunk of their revenues coming from
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Parle History Parle is an Indian Private Limited company set up in 1929 by Chauhan brothers, Ramesh Chauhan and Prakash Chauhan in the suburbs of Mumbai city. The Chauhan brothers started their company with the manufacturing of sweets and toffees. Their main motive was to spread joy and cheer to children and adults alike, all over the country with its sweets and candies. In 1939, they decided to manufacture biscuits, in addition to sweets and toffees. Parle Glucose and Parle Monaco
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EXPLAIN WITH EXAMPLES WHAT IS MEANT BY CORPORATE SOCIAL RESPONSIBILITY AND DISCUSS WHY IT IS IMPORTANT TO MODERN BUSINESSES Introduction Corporate Social Responsibility (CSR) has become an important part of strategic policy for companies. Barbara and Parker (2008, p.433) state that companies without CSR can not survive and success in this modern life where people can get information about them easily. In order for companies to survive and success in this modern life, they seems to get a clear
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revolution? To answer this question let us first define what revolution is. One of the definitions of this term is « a dramatic and wide-reaching change in conditions, attitudes, or operation». Given this definition I believe that Corporate Social Responsibility does amount to a revolution when it comes to the topic of sustainability for several reasons. Firstly, we observe following change in attitude – increasing transparency of corporations. Secondly, the conditions in which companies operate
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1. Corporate Social Responsibility (CSR) and its Importance: 1.1 Definition of CSR: What does Corporate Social Responsibility or CSR mean? The World Business Council for Sustainable Development in its publication Making Good Business Sense by Lord Holme and Richard Watts, used the following definition: Corporate Social Responsibility is the continuing commitment by business to behave ethically and to contribute to economic development while improving the quality of life of the workforce and
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Activity 1: * HRP Map – write something brief. * 3 components * Each components write something * Write about key professional areas ( summary). Part 2 of the activity is to choose one of the professional areas and comment on the activities, knowledge and behaviours. ( band 1 or 2 ) CIPD reveals HR profession map to replace old standards By Louisa Peacock on 21 Apr 2009 in Careers in HR, CIPD, HR qualifications, Latest News, The HR profession The CIPD has unveiled an ‘HR Profession
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Business Research Report Corporate Conscience and Its Effect On Companies Assessment Code: RWT1 Student Name: Student ID: Date: Mentor Name: Table of Contents Executive Summary…………………………………………………………………………………………………………………………………3 Introduction…………………………………………………………………………………………………………………………………………….3 Research Findings……………………………………………………………………………………………………………………………………5 Finding Number 1………………………………………………………………………………………………………………………………..5 Finding Number 2………………………………………………………………………………………………………………………………
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Social Responsibility of Businesses 22 September 2013 Social Responsibility of Businesses Social responsibility of businesses is the obligation of businesses to help improve the economy, the quality of life of its employees, and the surrounding communities. It is “an organization’s initiatives to assess and take responsibility for its effects on the environment as well as its impact on social welfare.” (Grantham, 2013) A company that continually gets involve with social events
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