...Jose M. Magone LV 400591.01 Work, Business & Society Berlin, 2011 Abstract Nowadays, the importance of social responsibility activities is growing awareness for companies.It is directly related to your business and if you want to have long term business success, you have to create value for the society.People are aware of the social and environmental problems of society.In this technology time, it is so easy to reach the information whatever they want They always follow the daily news from the world and care about them.Due to the fact that paying for the strategies of CSR increases attention to the corporation.Companies’ understanding of social responsibility should always be the part of their investment strategy.They should regard the “Corporate Social Responsibility” as a business management philosophy not as a social activity.It definitely provides sustainability to the business.The purpose of this essay is to explain why “Corporate Social Responsibility” strategies are so important for enterprises.Firstly I will explain the theoretical information about criterias and framework of CSR and then I will support the facts by giving examples from the international companies to clarify the reasons of importance well. Index of Abbreviations The abbreviation used throughout on this essay is presented below; CSR – Corporate Social Responsibility OUTLINE Chapter 1: Theoretical Background……………………………………………………...
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...MGT3110 Business and Society MODULE HANDBOOK 2013-2014 Module Leader (London): Dr. Andrea Werner Module Tutor (Dubai): Mr. Kieran Ross Middlesex University Dubai Business School Table of Contents 1. INTRODUCTION AND MODULE SUMMARY.............................................................3 Module aims .................................................................................................................3 Contacts .......................................................................................................................3 Module Website on MyUniHub .....................................................................................3 Learning Outcomes ......................................................................................................4 Assessment Scheme ...................................................................................................4 Employability Skills.......................................................................................................4 Code of Conduct ..........................................................................................................5 2. LEARNING MATERIALS ............................................................................................6 3. TIMETABLE AND TEACHING PROGRAMME ...........................................................8 Lecture and Seminar Schedule.................................................................................... 8 Lectures...
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...views of world politics have all necessitated the re-evaluation of the business-society relationship and facilitated the emergence of innovative business social responsibility-practices. In view of the expanding and dynamic nature of contemporary business organizations, awareness of the impact of these institutions is reflecting on the environment in which they operate. This awareness has led to a definite conclusion on the roles of business organizations in the society and the growing demand for corporate social reward in terms of better social performance. For instance, the conflict in the Niger Delta area was aggravated by intense oil exploration activities in the area without adequate compensation from either the government or the oil multinational companies that reap profit from the area. The apparent neglect and marginalization of the people of the Niger-Delta has led to the call for compensation for their exploited wealth, the physical development of their environment and access to political power which made communal clashes, ethnic nationalism and movement for self determination to be prominent in the region and the phenomenon of oil pollution has only added to the already tense atmosphere in the Niger-Delta area. Today, business organizations are enjoined to pay attention to social issues and problems which are far removed from their central economic pursuit. The re-invigoration of the idea that business organization has social responsibility that goes beyond profit making...
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...Chapter Review Chapter 1: The Study of Business, Government, and Society In chapter one the author lays a foundation for the information which will be shared in the following chapters. This foundation allows the reader to understand basic terminology, ideas, and relationships as it pertains to the operation of business, government and society. For a more distinct explanation of what the author helps the reader to understand; the collaborative information that the chapter provides illustrates a somewhat intangible relationship, in which we (business, government, and society) all are stakeholders. The author helps the reader understands the interactions of the stakeholders, and these interactions shape how business’ assumes social responsibility; whether it is self imposed, dictated by law/regulation, or pressured by social values, ideas, and expectations. The author then offers four definitive relational models which helps the reader understand the multiple variables which help shape and control the relationship between business and society. In addition, the models also help the reader to understand the effects, the value added, and the challenges that are imposed on those parts of society which assume them. One interesting thought for the reader to keep in mind when learning the four models is how the nature of the models can vary based local and national politics, market maturity, and social structure. The first model that author presents is the Market Capitalism Model. In...
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...created to reflect how the chapters in molecule 2 helps us understand how important big corporations are to their employees, the environment, and also to people in need. In this essay I will give a brief run down on a number terms we familiarized in class, and analysis on cases in chapter 1,3, and 10. In addition, I will present my own managerial implications to clarify how I would run a company if I were ever to become a CSR manager. To commence this abstract I would like to ask, which is more of great import to a business, helping the public or profit? Part I- Terms In Chapter 1 T. Savoie (2016), explained to the class the meaning of the term Stakeholder from his reaction paper. According to the book the term stakeholder refers to the persons and groups that affect, or are affected by, an organization’s decisions, policies. and operations. According to business dictionary.com, some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources. Another term in chapter 1 we went over was Focal Organization, which was described by Savoie (2016). In the book this is described by the organization from whose perspective the analysis is conducted. Savoie’s example of this was “in retail you would want to know the role if you are researching it”. The last term in I will go over in chapter 1 is the Ownership theory of...
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...Social Business: An Alternative Mode of Ensuring ESC Rights. Chapter one: 1.1 .Introduction 1.2 Background of study 1.3 Concept of social Business 1.4 Concept of ESC Rights 1.5 Rational and significance of the study 1.6 Objective of this research 1.7 Hypothesis 1.8 Reasons for selecting topic 1.9 Research Methodology Chapter two: historical background: 2.1 Introduction 2.2History social Business 2.3 Origin of social Business and its kinds 2.4. Economical situation after liberation war . 2.5Our society and business and commonplace business Chapter four: 4.1 Definition of social business. 4.1 Why social Business? 4.2 Which is not social Business? 4.4 Types of social Business. 4.5 Social Business a business model 4.6 Social business model framework/ Legal framework for social Business 4.7 Features of social Business to be considered 4.8 Seven principle of social Business 4.9 Four rules of social Business 4.10 Advantages and disadvantages of social Business \Chapter five 5.1 profit and social Business 5.2 How Bangladesh can profit from social Business 5.3 Social Business in Bangladesh compared with abroad 5.3 What Social Business offers? 5.1How to build social Business/ How social Business Can be started? 5.2 Social business as a new form of capitalism 5.5 Social investment fund …social stock market. 5.3 creating a glabal insfrustracture for Social business 5.4 Social...
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...ethical philosophy for business managers? (Based on Business Ethics text Chapter 4; tied to course competencies 3 and 4) Ethical egoism is a normative ethical theory that assumes that people have a choice; that is, one is not always psychologically bound to act in one’s self-interest (Cavico & Mujtaba, 2013, p. 47). The idea behind ethical egoism is that the right and moral thing to do is look out for your own self-interest. It does not describe how people behave, rather, it describes how people "ought" to behave (Kang). While this might offer the egoist short-term satisfaction, it could make his/her life worse in the long run because if everyone acted only in their own self-interests, then a society might develop in which people lived under constant threat of attack (Kang). However, according to our textbook, an ethical egoist is not always egoistic or a selfish person. A person can act consistently with ethical egoism by treating people well, helping others, respecting their rights, and evidencing concern for their welfare in order to promote his or her own self-interest in the long run (Cavico & Mujtaba, 2013, p. 53). An example our textbook uses to show an advantage of ethical egoism is that improvements in working conditions for employees or contributions to the community can very well earn the ethical egoist’s approval. Since it can improve performance by decreasing turnover, improving productivity, and enhance reputation of the firm. Business managers can use such egoistic...
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...CHAPTER ONE INTRODUCTION 1.0 INTRODUCTION The corporate world today embraced corporate social responsibility (CSR) into their daily business operation and become important matters to ensure the sustainability of the business. Therefore, CSR initiatives become a self-motivated for companies to benefits themselves while also benefiting others like protecting the environment, care for wellbeing of society and take a full responsibility for the entire world affected by their business operation. The reasons why companies actively engaged in CSR is because this action may assists to establish flawless and clear boundaries among the different interest of the stakeholders in the companies (Ángeles Gil Estallo, Giner de-la Fuente, & Gríful-Miquela, 2007). Besides that, todays companies make a good consideration into their decision to embedded social and environment matters was made investors realised that this approach can result in great opportunities in both financial and sustainable value creation (Louche, 2009). Furthermore, the researcher stated that by integrating CSR matters are significance for investor to make their investment analysis for potential companies in valuing the firm. Largely, international business increasingly aware about CSR initiative and take serious decisions about sustainability key issues due to shifting social expectation when companies facing corporate scandals and controversies that will eliminate public trust (Malaysia, 2013). Moreover,...
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...Role and Functions of Law Paper University of Phoenix Online Law 421 Rachel De Angelo November 6, 2014 Role and Functions of Law Paper The company that I have chosen for this assignment is my current employer, Hospira Pharmaceuticals, they are a global organization which conducts business in many different countries. In this paper, I will discuss the functions and role of law how it applies to Hospira’s ability to conduct business. I will also briefly define how law impacts businesses and society in general. Hospira Hospira is a leading provider of generic injectable drugs, infusion technologies and contract manufacturing. Hospira is an international company employing approximately sixteen thousand employees. The pharmaceutical industry is required to comply with many laws in the manufacturing and distribution of their drugs and healthcare products. From my reading chapter one of The Legal Environment of Business the author defines Law as "a body of rules of action or conduct prescribed by controlling authority, and having legal binding force (Melvin, 2011, Chapter 1)." Law helps us maintain order in society and protect our rights. The functions of laws at Hospira ensures our product quality and safety. In addition to the regulatory laws Hospira must also comply with Federal and State Labor laws for their employees. Labor laws function to prevent discrimination, harassment, dangerous work environments. To be proactive Hospira utilizes an in-house and general legal...
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...Week One Journal Objective You will outline and explain ethical theories and then apply that knowledge to how organizations would function were they to adopt those ethical principles. In addition, you will also examine punishments for corporations and present your own ideas about the relationship between ethical demands on business entities vs. those on individuals in society. Instructions In this assignment you will reflect on the topics of Week One and apply them to an analysis of ethical paradigms. You will be asked to respond to two prompts below. The first asks you to explain three of the ethical philosophies you encountered in Chapter 1 of Introduction to Business Ethics, and then determine how companies that abide by these policies would act. In the second prompt, you will be asked to explain various punishments that can be given to corporations and the behaviors that are ethically dangerous to corporations. Please answer all questions in detail. Because this journal is worth 5% of your final grade, there is a high expectation for your participation. Grades for the journals are based on content, critical engagement, quality of reflection, and detail. Please submit the completed journal via the Assignment Basket found in the Week One Journal tab on the left navigation toolbar by Day 7. Organizations Select a Not-For Profit and a For Profit organization you would like to study. These will be the organizations that you will be focusing on throughout...
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...the prospect's mind. Chapter List Chapter 1. What Positioning Is All About Many people misunderstand the role of communication in business and politics today. In our over communicated society, very little communication actually takes place. Rather, a company must create a “position” in the prospect’s mind. A position that takes into consideration not only a company’s own strengths and weaknesses, but those of its competitors as well. Chapter 2. The Assault on the Mind There are just too many companies, too many products, too much marketing noise. The per-capita consumption of advertising in America is $376 per year. Chapter 3. Getting Into the Mind The easy way to get into a person’s mind is to be first. If you can’t be first, then you must find a way to position yourself against the product, the politician, the person who did get there first. Chapter 4. Those Little Ladders in Your Head To cope with our over communicated society, people have learned to rank products on mental ladders. In the rent-a-car field, for example, most people put Hertz on the top rung, Avis on the second rung, and National on the third. Before you can position anything, you must know where it is on the product ladder in the mind. Chapter 5. You Can’t Get There from Here A competitor has no hope of going head-to-head against the position IBM has established in computers. Many companies have ignored this basic positioning principle and have suffered the consequences. Chapter 6. Positioning of Leader ...
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...International Business (MOD001055) Chapter 8: International Human Resource Management Zubair Hassan (2013). International Human Resource Management. International Business 8.1. Introduction This chapter covers one major components of learning objectives/outcomes that are likely to examine via coursework or examination. This chapter will enable students to build their knowledge on global human resource issues faced by international business, such as the staffing, recruitment and selection, performance appraisal and training and development along with compensations policies. This chapter will cover the following topics: Human resource management function International human resource management (IHRM) International HRM approaches IHRM policies and practices Work practice in an international context 8.2. Human resource management function HRM can be described as a strategic, integrated and coherent approach to the employment, development and well-being of the people working in organizations. Te practice of Human Resource Management (HRM) is concerned with all aspects of how people are employed and managed in organizations. It covers activities such as: resourcing (human resource planning, recruitment and selection, and talent management); performance management; learning and development; reward management employee relations; employee well-being. Human resource management is important for various reasons. One of the most important reasons is that human...
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...report on cross border offshoring management, cultural dimensions and gamification Table of Contents Table of Contents Executive Summary | p.5 | Chapter I – Introduction1.1 Purpose of the Report1.2 Effects of Globalization on Businesses’ 1.3 Company Background1.4 Outline of the Report | pp.6-7 | Chapter II – Cross Border and Offshoring Management 2.1 Introduction2.2 Defining culture2.3 Defining management and cross cultural management 2.4 Offshoring2.5 Key problems in cross cultural teams2.6 Conclusions | pp.8-11 | Chapter III – Analyzing and Explaining Cultural Dimensions3.1 Introduction3.2 Analysis of cultural dimensions and Country Comparisons 3.2.1 Power Distance 3.2.2 Uncertainty Avoidance 3.2.3 Long term orientation 3.2.4 Indulgence 3.2.5 Individualism 3.2.6 Masculinity 3.3 Limitations of Hofstede’s Dimensions | pp.12-17 | Chapter IV – Gamification4.1 Introduction4.2 Defining and Explaining gamification4.3 Gamification’s effects on business4.4 Examples of gamification4.5 Criticism – The dark side of gamification | pp.18-20 | Chapter V – Corporate Social Responsibility5.1 Introduction5.2 Defining and explaining CSR 5.3 The Foxconn and Apple scandal5.4 Recommendations and Actions | pp.21-22 | Chapter VI – Recommendations to Management | pp.23-24 | Chapter VII – Conclusions | pp.25 | References | pp.26-27 | Executive Summary Executive Summary This report provides an analysis and evaluation of the issues...
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...Chapter 2 1. Business’ relationship with its stakeholders often evolves through a series of stages. List the stages and explain each. What is the relationship between business and society and what are the forces that shape that relationship? Inactive: Companies ignore stakeholder concerns Reactive: Companies act only when forced to do so, and then in a defensive manner Proactive: Companies try to anticipate stakeholder concerns Interactive: Companies actively engage stakeholders in an ongoing relationship of mutual respect, openness, and trust The relationship between business and society is integral in the success of any business, this relationship is defined as how a company interacts with society. An important fact is that business is about relationships and a successful firm is the one that is able to build good and long-lasting relationships with its customers. A driving force behind this our social nature, human beings like to be included in a group of people like ourselves that make us feel the sense of being with others and having a discussion as a part of the exchange of ideas. Chapter 3 2. Discuss and explain Corporate Social Responsibility. Corporate social responsibility refers to a business practice that involves participating in initiatives that benefit society. One reason for this is that corporations cater to their customers. So as consumers' awareness about global social issues continues to grow so does the companies. A good example...
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...INTERNATIONAL BUSINESS NEGOTIATION. EMEM UDOBONG* ABSTRACT: Businesses all over the world today are extending their frontiers beyond domestic markets. In this global business environment, cross cultural negotiation becomes a common field of research. This is primarily due to the fact that the negotiating parties are often from different countries, with different cultural values and beliefs which they usually bring with them to the negotiating table. What is communicated, how it is communicated, how people think and behave during negotiations can differ across cultures. The purpose of this paper is to examine the effect of culture on negotiation and suggest ways to deal with cross cultural problems in international business negotiations. An analytical approach is applied in this research. The conclusion reached is that effective international negotiators need to know not only the fundamentals of negotiation, but also how culture can influence the negotiator’s behavior and the negotiation agreement. Understanding, accepting and respecting the cultural values of the other parties is very important as it will lead to a more successful outcome. * The Author is a legal practitioner and holds an LL.B (Hons) from the Igbinedion University, Okada. She is currently a postgraduate student of CEPMLP University of Dundee, Scotland, where she is pursuing an LL.M Degree in Energy Law and Policy. TABLE OF CONTENTS Page ABBREVIATIONS INTRODUCTION………………………………………………………………… CHAPTER ONE 1.0...
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