Businesses are entities that are initiated with an aim of generating profits. However, the objectives of various businesses changes depending on the owners. Businesses owned by the government may have other objectives apart from maximizing profits. Some businesses may also be started with an aim of utilizing the available resources. However, most of the businesses are started mainly to ensure that the wealth of the owners are maximized. This is through investing in profitable projects that result in the highest profits. All other activities are carried out with an aim of ensuring that the businesses survive in the market ...
Social Responsibility Term Papers Samples For Students
26 samples of this type
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The Importance of Social Responsibility in Business
The exact meaning of ethics is hard to capture. What defines “ethics” varies from place to place depending on the culture and environment. However, scholars are entangled in the struggle of finding a comprehensive way of describing ethics. Fundamentally, ethical behavior aims to create harmonious coexistence between individuals in a social setting. Society hopes that laws reflect the ethical standards that it thinks are pertinent. Ethics refers to a body of standards of wrong and right, borne, not out of a requirement to obey a rule but for the sake of goodness and justice and fairness. Concerns about ethics cut across the whole sphere ...
Introduction 3
Corporate Social Responsibility and Sustainable Development 3
Role of CSR in Developing Nations 4
Corporate Social Responsibility and the Financial Performance 5
Ethical Behaviour 6
The Role of the Financial Sector 6
Conclusion 7
Introduction
Under the conventional economic theories the businesses have been operating with the sole purpose of profit maximization and the increase in shareholders’ wealth. According to the classical view of business operations, the managers are liable to use the available resources in the best optimum manner to generate the revenues for the organization, while following the relevant legal ...
Today, almost all organizations are emphasizing on social responsibility and this has become among the major factors in securing a competitive edge. Companies strive at achieving a balance between the economy and the ecosystem in order to kill the perception that firms are only after maximizing profits and Whole food industry is no different. Social responsibility is good for the business of this American supermarket chain and this paper endears to discuss this statement in fine details.
Alignment with its Vision and Mission
Whole Food business has developed a vision on sustainability which stresses in creating a future that underscores the value of creativity, individual ...
Lamyaa Sbai-Tarqi
Business Management Course
Abstract3
Introduction..4
Models and Trends of CRM5
Social responsibilities and ethics..9
Customer Relationship and Satisfaction.10
Business-to-Customer (B2C) and Business-to-Business (B2B) Relationships..11
Importance of Customer Relationship Management11
Conclusion.12
References.13
Customer Relationship Management
Abstract
This paper seeks to explore the definition of customer relationship management and its impacts on society, and ethics as a social responsibility. It also seeks to explore the different trends in customer relationship management. The introduction is an overview of the key concepts and areas of interest and their relevance. The paper also comprises of a detailed exploration of the different trends and models in customer relationship management and how they affect a business’ social responsibilities. Furthermore, this paper explores ...
Introduction
Corporate social responsibility is the main topic of this paper and from our class notes the definition of corporate social responsibility is the process in which organizations take responsibility for the impact of their activities on all members of the organization. These members may include employees, customers, suppliers, shareholders, communities and a wealth of other vested individuals. The corporate social responsibility extends also to the environment. In this vein the direction is not on legal statute responsibility but the voluntary steps to do the right thing by corporations. These steps help to improve the quality of life for employees ...
EXAM REVISION QUESTIONS
Exam Revision Questions
Question 1
Strategy entails the criteria of using strategic forces to implement approved plans in the most effective manner as possible. It includes the use of a company’s resources and skills to realize the detailed plans by achieving the intended but best results. Many a times, strategic plans hold the highest probability of success because organizations execute the right actions at the right time. On a wider perspective, strategies are used to develop substantial values for organizations. There is no doubt that every successful company has a success story behind it. Simply put, the concept of strategy ...
Real Madrid CF
Real Madrid is a Spanish, professional football club founded in 1897, and with upwards of thirty Spanish League (La Liga) titles, seventeen Spanish Cups, nine European Championship Cups and two UEFA trophies, it is easily one of the most successful football clubs in the world ( Real Madrid, 2012). It was voted the 20th Century’s most successful club by FIFA and by the close of 2011; it was the richest club in the world, with annual revenues reaching upwards of $695 million and $204.0 million in operating revenues. The club, which is entirely owned and controlled by its members, is ...
Executive Summary
This paper focuses on how the HP Inc. uses information technology to embrace sustainability in the form of Corporate Social Responsibility. The concept of sustainability is a matter that has gained traction in a variety of industries and sectors over the past two decades. Several nations have articulated policies that are centered on the sustainability, thus using it as a framework to base integrated strategies concerning the environment, the economy as well as the quality of life. The HP Inc. has employed various technologies to maintain an appealing face to its customers both in its domestic market and abroad. ...
EXAM QUESTIONS ON BUSINESS AND SOCIETY
1. To what extent are companies justified in claiming that they are good corporate citizens?
The key goal of any business enterprise is to maximize profits and minimize cost. The management must safeguard the social welfare of the employees. In addition, the company must respect the social and cultural values as well as providing quality products and services to the consumers. Therefore, corporate citizenship is the understanding of all stakeholders in a company or business enterprise that it has social responsibilities to the employees, the surrounding society and the consumers, who indirectly influence the company’s performance in regional ...
This paper is divided into three sections. The first section is a review of academic research and studies on corporate theories, positions and counter-positions. The second part discusses the two theories – stakeholder value theory and shareholder value theory. This section evaluates key arguments associated with each theory. In the third part, the paper evaluates why value-driven stakeholder approach should be embraced by managers of corporations. The paper finalizes the discussion by concretizing the arguments in a summary and offering submissions for future managers.
This paper hypothesizes that profit maximization is no longer the only priority of organizations; other non-economic features ...
Introduction
An independent agency is formed to cater for functions that are not handled by the federal executive departments. In this regard, an independent agency is outside the direct influence of the president. The passing of law by the congress facilitates the creation of independent federal agency and lays down the structure under which the agency it proposes to create will operate. The agency has the ability to draft rules concerning the specific task it covers, which have the support of the constitution.
Collegiate bodies such as a board or commission handle the running of independent agencies. The president with ...
Quick Store is a medium sized company which specializes in merchandising. It has a branch network of approximately thirty stores which are situated in ten states across the United States. Over the years, the management of the company has been leading the company from the front on matters pertaining to social responsibility. This is because the management acknowledges that there is a need for companies to contribute to the community. Over and above that, the management attributes the success of the company to the members of the different communities in which the company operates. This is because in most of the states ...
Executive Summary
Corporate responsibility is made of three key sectors of corporate action: community involvement, environmental action, and economic growth. Winnipeg transit has an advanced sense of responsibility when it comes to sustainability and environmental action, however it has failed to provide a positive partnership with the community and employees, in order to gain an overall high reflection of corporate responsibility. More specifically, Canada has a growing dedication to the implementation of sustainable technology, and the growth of public transportation as a means of lowering the national carbon footprint. As such, the Government of Canada has provided financial support for the ...
Starbucks Company is a leader in the Beverage industry. The company with its head offices in Seattle, Washington has a vision to meet the diverse needs of its client’s coffee needs. It has a mission to keep glued to the vision it has for its customers. The company’s mission is to continually provide high quality coffee products to its customers. In order to provide these required standards to its ever-increasing clientele base, the company labors to inculcate the best practices on its employees. Service industry requires the most customer friendly services. Customers are the backbone of Starbucks Company. The top ...
Free Hospitality And Tourism Global Issues: Corporate Social Responsibility (CSR) Term Paper Example
Response to Q.1a
The proliferation of glossy and unrealistic CSR reports as well as inaccurate CSR ratings and rankings has contributed to the failure of companies to understand the responsibility. By giving in to pressure groups among the stakeholders, the companies further deepen the divide between actual responsibility and unrealistic short term action. Moreover, by basing their CSR actions on the views of the outsiders, they are doing injustice to their own capabilities in terms of helping the society .
The companies have so far focused on the relationship between business and society as that of tension rather than interdependence. Companies have in ...
Three Ways of Coping with Negative Emotions
Human Resource Management (HRM) has evolved over decades, transforming from a supportive organizational function to one of the most important strategic elements of the contemporary organizations. Globalization and internationalization of supply chains make companies become increasingly concerned with HRM as they recognize the importance of people as the major competitive advantage. With that in mind, HRM looks at retention rates and employee motivation as one of the core responsibilities of the department.While hiring and training are significantly important for reaching effective and productive operations; downsizing or simple employee layoff is another important function of HRM, which can affect not ...
Who and How Was Affected?
Tyco, a manufacturer of a wide variety of goods from health care products to some electronics, occurred in the center of the greatest scandal in 2002. This scandal was raging on and on, involving new parties and unveiling new details. These details unveiled dirty deals of three people who enjoyed luxurious lifestyle, stealing from the company. The top management turned out to be the key player of the entire story.
There are lots of parties affected by the scandal. The company enjoyed sky-ranking profit margins, and turned into a conglomerate. Its strategy was built on numerous mergers and acquisitions ...
1-Description: Coca-Cola is the top ranking beverage brand on the globe. Resources say that Coca-Cola licenses and markets almost 500 beverage brands including waters, juices, sports drinks and disposable coffees and teas. It has world’s largest distribution system in almost 200 countries.
The production process of coke is an interesting but complex procedure. Factors of production involved in the business are generalized as land, labor, capital and enterprise. Capital requirements for Coca-Cola consist of machinery required for the production of bottles and the cola drink it in bulks. Labor refers to the managers, supervisors, production staff and ...
Accounting Standard followed by the company
i) General Mills Inc:
Referring to Note 1 of the financial statement, we notice that General Mills Inc follows Generally Accepted Accounting Principle(GAAP).
ii) Meiji Holdings:
Referring to the Note 1 of the consolidated financial statements, we find that Meiji Holdings are following Generally Accepted Accounting Principle(GAAP) in Japan. In addition, the company specifically declares that the consolidated financial statements of the company are not prepared in accordance with GAAP standards prevalent in countries or jurisdictions other than Japan.
Accounting Standard followed by the auditors
i)General Mills Inc:
Referring to the report of external auditors, we find that the consolidated financial statements of the company have been audited by KPMG LLP using standards of Public Company Accounting Oversight Board(United States). The ...
- Ayala Land, Inc. Company Description
Ayala Land, Inc. (or ALI for short) is the largest property developer in the Philippines. It is a fully integrated corporation that performs master-planning and development roles for mixed-use developments that include residential, retail, commercial, and hotel among others. ALI was incorporated in 1988 and offered shares to the public in 1991(the company was listed in the Philippine Stock Exchange or PS) in that year). Since then, ALI has been the leader in strategic land bank management, in development of properties for residential, retail, commercial and other corporate uses, and has developed a ...
Abstract
Most Canadian companies operating overseas are constantly ignoring the issue of human rights of the communities in host countries. This is because of the absence of legislation that regulates the activities of subsidiaries of Canadian mining companies in host countries. The companies should include in their financial reports these societal costs to promote transparency.
Human Rights Issues
Corporate social responsibility reporting is key to establishing a good reputation of a company. Most Canadian companies operating overseas are constantly ignoring the issue of human rights of the communities in host countries. The companies infringe on human rights by allowing the following ...
INTRODUCTION
The objective of this paper is to evaluate and explain the importance of mission and statement, and values in determining the direction for the business in forthcoming years. In order to do so, this paper proposes a mission statement for the business by taking into consideration a variety of factors that are essential for growth of the business. The vision statement, on the other hand, helps in the deciding the future of the business. By taking into account the importance of vision statement, this paper focuses highly on developing a vision statement to define the strategic path and direction of the business ...
Conservative vs Liberal Ideology
America is considered by many as the “Land of the Free”, wherein any person could practice his belief, ideology and affiliation without the need to fear the government from forced intervention. Civil liberties and human rights matter most for the Americans, especially under its Constitution. However, there have been chances wherein ideologies became the cause of conflict inside the country, which could be seen in the country’s two leading political parties: the Democrats and the Republicans. Conservatives supports the growth of capitalism and retention of traditional laws to sustain the growth of the country, while the Liberals support ...
Statement
Since social enterprises are a business form on its own, there should be a code of corporate governance specifically to govern social enterprises.
My stand: I disagree with the statement
Introduction
In every corporation, quality management is essential to ensure that all the activities are well carried out and the involved parties, which include; stakeholders, employees, directors and the managers enjoy being associated with the company. All activities in an organization should run according to the corporate laws whereby the organization holds the accountability and responsibility towards its stakeholders as it conducts its businesses in an ethical manner. All organizations whether large, medium sized or small, possess a ...
Ethical behaviors of Syngenta
This report aims at revealing the unethical business practices of Syngenta, the world largest agrochemical corporation. It provides a detailed background of the ethical violation by the company, the ethical concepts that were violated in the agrochemical industry, and gives recommendations on what the company could have done to remedy the situation.
Section 1: Background of the ethics violation
Syngenta is the world’s largest producer of pesticides. The Swizz based company is also the third largest producer of seed in the world. It generates more than 75% of its revenue from pesticides. Some of its common agrochemical products that are sold in various countries across the ...