What is CSR Organizations can be classified in 3 categories: 1) For profits: Seek gain for their owners 2) Government: Exists to define rules and structures of society within which all organizations must operate 3) Non-profits: Emerge to do social good when the political will of the profit motive is insufficient to address societies needs Stakeholders: Includes all those who are related in some way to a firm “A stakeholder in an organization is any group or individual who can affect or
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Ethics Reflection Ethics and social responsibility occupy an important place in our personal value system. Customer confidence in how business operates has been severely shaken by recent corporate scandals and collapses, such as Enron and bank failures. To be their most successful, companies must consider ethics and social responsibility as critical parts, inherent components of strategic plan. Ethical and social responsibility should be considered as part of the strategic process
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speaks about a company’s responsibility to society as being about more than increasing profits. Whether profits are increased or not, he argues that companies have a moral obligation to better the living conditions of the societies within which they operate. And indeed, if one person is able to make a difference, imagine what a single company- with access to more resources, more manpower, and above all, more funds- could do for the community. Being a successful corporate citizen is about more than
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main “responsibility” for corporations has historically been to make money and increase shareholder value. In other words, corporate financial responsibility has been the sole bottom line driving force. However, in the last decade, a movement defining broader corporate responsibilities– for the environment, for local communities, for working conditions, and for ethical practices–has gathered momentum and taken hold. This new driving force is known as corporate social responsibility (CSR)
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above other companies in terms of CSR, is the current owners James and Anne Davis; continued commitment being socially responsible and “giving back” to stakeholders. Under The stewardship of the Davies, New-Balance Company had always strongly braced corporate philanthropy, encouraged employee volunteering and ensured compliance in factories overseas. There are four areas existing or emerging issues with high potential to affect Footwear Company in the foot industry: • Concerned human and labor rights
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Social Responsibility Task 1 Corporate social responsibility challenges that an organization should conduct business in a way that acts to augment society and the population while being held accountable for actions that affect people, communities, and their environment. Social responsibility is not a company’s only consideration regarding responsibilities; they must also consider economic and legal responsibilities as well. Understanding the relationship among the responsibilities is imperative
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difficulties. This argument will be supported with some theories, including ethical decisions making, CSR (corporate social responsibility), management functions and scientific management principles. 2. Analysis the article with theories 3.1 Analysing the issue with ethical decision making Ethical is a criterion that people used to measure that whether their behaviour is acceptable by others or social. However, Unethical behaviour will hurt organizational reputation. According to this article, one
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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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resources; such as how to avoid problematic cash flow difficulties and how to increase the profitability of the business. Secondly, I will consider the best ways to market the Baggers brand both with and without the use of electronic platforms such as social media and the internet in order to drive sales, to create an increased awareness of the brand and place the company at the forefront of the customers mind. Additionally, the final two considerations will relate to the operational aspects of the business
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issue has been considered by critics to be more focused on damage control than on a sincere attempt at labor reform” (Ferrell, 2013, p. 495). Nike’s Failure to Address Corporate Social Responsibility Early Ferrell (2013) discuss what a senior from Harvard University referred to as the five stages of corporate responsibility. They are as follows: 1. Defensive: “It’s not our fault.” 2. Compliance: “We’ll do only what we have to do.” 3. Managerial: “It’s the business.” 4. Strategic:
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