must also be socially responsible to their environment which in this case involves consumers, sellers, lenders, the government and the entire community at large (Ferrell, Fraedrich & Ferrell, 2011). For a business to be able to accept its social responsibility, then the application of business ethics must be applied. Business ethics is considered to be the accepted norms or set standards that determine what is right and wrong in the context of a business organization. Therefore, this paper will
Words: 1207 - Pages: 5
strengths and challenges in our view of lens. * Four lenses of ELI: Rights/Responsibility Lens (I am responsible), Relationship Lens (I am fair), Result Lens (Make choice that good for everyone), Reputation lens (concern about legacy, reputation) * Tools for analysis: Rights/responsibility: reason. Relationship Lens: Authority. Result lens: Experience. Reputation lens: tradition. * Risk: Rights/responsibility: Being autocratic. Relationship Lens: Being authoritarian. Result lens: reducing
Words: 871 - Pages: 4
Journal of International Business Studies (2012) 43, 84–106 & 2012 Academy of International Business All rights reserved 0047-2506 www.jibs.net Multinationals and corporate social responsibility in host countries: Does distance matter? Joanna Tochman Campbell1, Lorraine Eden1 and Stewart R Miller2 1 Department of Management, Mays Business School, Texas A&M University, College Station, USA; 2Department of Management, College of Business, University of Texas at San Antonio, USA Correspondence:
Words: 17534 - Pages: 71
Stakeholder engagement S T R AT E G Y Introduction The Kellogg Company is the world’s leading producer of cereals. For more than 100 years, Kellogg’s has been a leader in health and nutrition through providing consumers with a wide variety of food products. Kellogg’s market leading position and reputation is built on its commitment to ethical business practices and its values-based culture. Business values identify the beliefs that the company holds to be the most important. These values then
Words: 2258 - Pages: 10
Corporate Social Responsibilities By Amber Horwood Corporate Social Responsibility is an organizations sense of responsibility for the impacts ethically, behaviorally and socially, on society, the environment, and the Community. It is an approach to managing business activities and decisions in a more ethical way that contributes not only to the business its self but the community, staff and the environment. The social aspects of Corporate Social Responsibilities relate to the economic and environmental
Words: 669 - Pages: 3
A Study of Corporate Social Responsibility in Indian Organization: An-Introspection Hoshang Bhesania India is a developing economy, here Corporate Social Responsibility (CSR) play important role in organizations. In Indian industry one can easily notice a paradigm shift from corporate philanthropist to being socially responsible. The importance of CSR is increasing in Indian corporate scenario because organization have realize that ultimate goal is not profit making beside this trust building
Words: 3944 - Pages: 16
through the corporate system for centuries throughout the world; however a formal writing of CSR has been into the limelight since 1950s ie the 20th century and hence has been named as the modern era of CSR. Through years, lot of researches had defined and explained CSR based on their empirical research, understanding, alternative themes and frameworks. In short the entirety of CSR can be understood from the three words contained within its title phrase- ‘corporate,’ ‘social,’ and ‘responsibility' viz
Words: 7506 - Pages: 31
Corporate Social Responsibility: ( Medicine Indutry In Bangladesh) Corporation: the word corporation is widely used to describe large business organization. Specially, the multi-national nonprofit or profit seeking organizations such as Coca cola, IBM etc. are often termed as the corporation. Social responsibility: Social responsibility is an ethical theory that an entity, be it an organization or , has an obligation to act to benefit society at large. Social responsibility
Words: 3789 - Pages: 16
reputation of the company. This paper concisely analyzes the important role of ethics and social responsibility as it pertains to the development of a strategic plan. Stakeholders’ concerns also receive applicable consideration, including the brief consideration of the evolved viewpoints of the student during the completion of his or her MBA studies at University of Phoenix. The Role of Ethics and Social Responsibility “Ethics refers to the specific values, standards, rules, and agreements people adopt
Words: 814 - Pages: 4
WHAT IS 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 a
Words: 4869 - Pages: 20
