of distress‚ it can help to negate or reduce the potential negative influence on their performance. CSR orientation of banks can be a useful tool for them to tide over such crises in future‚ if banks maintain their relationships with stakeholders in making their businesses more sustainability. CSR‚ among other things‚ is a key stakeholder relationship building activity. It was also found that the CSR brand does reap more relationship benefits from its social initiatives than do its competitors indicating
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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 distinction
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Our Mission Our Roadmap starts with our mission‚ which is enduring. It declares our purpose as a company and serves as the standard against which we weigh our actions and decisions. * To refresh the world... * To inspire moments of optimism and happiness... * To create value and make a difference. Focus on the Market * Focus on needs of our consumers‚ customers and franchise partners * Get out into the market and listen‚ observe and learn * Possess a world view * Focus
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TABLE OF CONTENTS BIL TITLE PAGE NO 1 Introduction 2 2 A Review on Literature on Ethics and Social Responsibility 5 3 Important of Ethics and Social Responsibility 8 4 Argument on Ethics and Social Responsibility 10 5 Approach to Sustain Ethics and Social Responsibility 12 6 Conclusion 14 7 References 16 1.0 INTRODUCTION Ethics are talked about frequently and addressed in the news when unethical decisions are found. Sadly
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social responsibility (CSR) within organizations. CSR is an emergent discourse within organizational research and praxis. It has parallels to sustainable development‚ environmental protection‚ social equity and economic growth. Although some organizations consider CSR to be a peripheral and sector speci c issue‚ it is becoming increasingly mainstream‚ supported by government legislation. Key questions arising are‚ is there a con ict between pro t earning and CSR? How can CSR be implemented without
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Nasik Introduction: In India companies like TATA and Birla are practicing the Corporate Social Responsibility (CSR) for decades‚ long before CSR become a popular basis. In spite of having such good glorious examples; In India CSR is in a very much budding stage. A lack of understanding‚ inadequately trained personnel‚ coverage‚ policy etc. further adds to the reach and effectiveness of CSR programs. Large no. of companies are undertaking these activities superficially and promoting/ highlighting the
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Teece vs. Porter: Perspective of Innovation Studies When a company enters a market‚ it wants to be successful. Unfortunately most firms fail unless they have an advantage over there competitors. Yet‚ one question arises; how does one obtain this competitive advantage? One issue made clear by two major authors Teece and Porter suggests that “competitive advantage is at the core of a companies success. Yet how this advantage is achieve or maintained is where these two authors differ. We focus
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Microsoft vs. Red Hat Linux As a customer‚ I’d prefer the system of Red Hat (despite how the program look and operate) because obviously‚ it’s free of charge. Also because it releases the updated version every 4-6 months as the article mentioned. However‚ in my opinion‚ in term of business model‚ Microsoft‚ the monopoly‚ has a more sustainable business plan. The traditional way of employing high skilled programmers is certainly ensure the persistent development of the company. Moreover‚ from the
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CSR in ERAMEDIC Company presentation ERAMEDIC is a company operating in the medical devices market in Morocco. It is a subsidiary of COFIMAG owned by ATLAMED Invest and has been operating for more than 34 years. The company serves medical professionals‚ hospitals‚ medical and clinical surgeries‚ pharmaceutical laboratories for research and supervision. CSR in the company 1. International level CSR is highly integrated in the strategy of the company through the dissemination of good professional
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Responsibility (CSR) can improve the competitiveness of a company and that the CSR activities develop a favourable corporate image and their financial performance (Burke & Logsdon 1996). CSR is defined as the obligation of organisation management to make decisions and take actions that will enhance the welfare and interests of society as well as the organisation (Samson & Daft 2009). Some say that the significance of social responsibility has been changed up until today in that CSR activity may not
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