Premium Essay

Mba Law Csr

In: Business and Management

Submitted By abhicrjkol
Words 1707
Pages 7
Page 1: Introduction

Corporate Social Responsibility (CSR) means businesses and organisations working responsibly and contributing positively to the communities they operate in. It involves working with employees, their families, the local community and society at large to improve their quality of life.
Companies that operate in a socially responsible way strengthen their reputations. In business, reputation is everything. It determines the extent to which customers want to buy from you, partners are willing to work with you and your standing in the community.
The company
Amway is one of the world's largest direct salesorganisations with over 3 million Independent Business Owners (IBOs) in over 80 markets and territories worldwide. It is a family-owned business with a strong emphasis on family values. Its IBOs are often couples. Many of these are raising families. They therefore have a strong bond with children. These families are more than happy to partner with Amway, who, as part of its Corporate Social Responsibility strategy, works with UNICEF, the United Nations Children's Fund.
As a family company, Amway is committed to playing a part in improving the lives of children in need across the globe. In this way, the company is able to show its commitment to the support of global causes.
Amway defines a global cause as 'a social issue affecting many people around the world engaged in a struggle or plight that warrants a charitable response'.
This case study shows how Amway is a business that does more than provide customers with good quality products. It shows the practical realities of Amway's global commitment and how it plays a key role in the communities in which it operates.
Page 2: Growth and responsibility
An understanding of how Amway operates as an organisation gives a clearer picture of the contribution it can make to help children in need across the

Similar Documents

Premium Essay

Philosophy of Marketing

...Integrating Corporate Social Responsibility with Competitive Strategy 2001 Winner "Best MBA Paper in Corporate Citizenship" The Center for Corporate Citizenship at Boston College by Dan O'Brien J. Mack Robinson College of Business Georgia State University 2 This paper is the winner of the 2001 "Best MBA Paper in Corporate Citizenship" competition, sponsored by The Center for Corporate Citizenship at Boston College. The Center annually sponsors this competition as part of an initiative to support and encourage research in the area of corporate social responsibility among MBA students and faculty in North America. The award is offered for the best paper on corporate citizenship by an MBA student. The contest is open to full or part-time MBA students enrolled in an accredited institution of higher learning in North America. For his winning paper, the author received a $5,000 award and the opportunity to present it at the 2001 Academy of Management conference, the major convention of leading business management faculty. His faculty sponsor, Shaker Zahra, a professor in Georgia State University's Department of Management, received a $1,000 honorarium. The MBA Competition is sponsored by corporations with the hope of increasing awareness and interest about corporate social responsibility amongst the next generation of CEOs and business leaders. The corporations supporting this project are sending a message to the next generation of CEOs that research and knowledge...

Words: 719 - Pages: 3

Premium Essay

External and Internal Factors That Reflect on Mba Programme

...The MBA Programme at Yangon Institute of Economics in Myanmar launched in June 1995 as an important element of the infrastructure that is being developed to make the country’s commitment to a market economy a successful reality. Due to cope the tremendous and far-reaching changes occurring in today’s conditions, the department introduced again Executive MBA Programme In 2002.Furthermore, after an experience of 12 years with MBA and that of 4 years with EMBA, the Online MBA Programme was introduced in 2007 and has been in progress. External and Internal Environment reflects on MBA programme One of the core objectives of MBA programme is to ensure a steady stream of men and women trained to meet challenges managing modern businesses in an increasingly competitive environment. The study of management traditionally focused on a closed-system view within organization, such as leading, organizing, motivating and controlling. Even these views are accurate, but not complete to be effective managers. To be effective, management of an organization should monitor and respond to the environment as an open system view. The external organizational environment includes all elements existing outside of the MBA programme such as International, Technological, Social cultural, Legal and Political, and Economic condition that influence the organization. These factors are general environment, the outer layer that is widely effects to the organization. International The international environment...

Words: 1977 - Pages: 8

Premium Essay

Case Study

...CSR 2014 www.educationpost.com.hk/csr2014 MBAs and social responsibility The green trend in business Lowdown on courses and events Hong Kong Brazil Singapore Miami Manchester Shanghai Dubai 25 Nobel Prize Winners 22 4 Top in Hong Kong * | World 34 # | 6th in UK * | 14th in Europe * years in Hong Kong 3 Accreditations + Registration No. 250144. It is a matter of discretion for individual employers to recognise any qualification to which this course may lead. Source: * Financial Times ranking 2014 # Financial Times 3 year average rank (2012-14) + Part of 1% of business schools to be awarded tripe accreditation status (AMBA, EQUIS, AACSB) Original Thinking Applied CONTENTS CSR 2014 04 The Trend The rise of CSR in business education 07 Case Study 10 Teaching CSR 14 16 18 Event The green trend in business Advertorial Economy MBAs and social responsibility Industry 08 CSR 2014 Lowdown on courses and events Oil companies and MBAs: a pipeline for corporate social responsibility www.educationpost.com.hk/csr2014 MBS stresses importance of social responsibility Teaching China’s business leaders the importance of CSR PolyU means business when it comes to creating a better world 04 07 08 10 14 16 18 Corporate social responsibility will revitalise the world’s economy CUHK CSR case competition winner will be awarded a Swire...

Words: 5446 - Pages: 22

Premium Essay

Ethics

...personal dealings are morals while ethics are the codes or standards of conduct expected by the group to which the individual belongs. These principles and values provide a correct evaluation of his ideas and the way he looks towards the problems of the society as a whole. Nowadays, with the advancement in technology and modernization in a society like India ethics and morals have become buzz words with many educational institutes starting their own courses in ethics development. WAT Topic for MBA Admission 2014 | WAT Topic for MBA: Indo-US relations; how much beneficial for India WAT Topic for MBA: FDI in multi brand retail is a boon or bane WAT Topic for MBA: Is ASEAN a defunct Group WAT Topic for MBA: 12 days left for XAT Essay writing; fasten your belts XAT 2014 Essay Writing and WAT in IIMs: Role, Importance and Weightage XAT 2014 & WAT: Know 10 Important Don'ts for Essay writing XAT 2014: 8 key points for effective Essay Writing Click for more WAT topics for MBA Society: The best teacher of ethics and morality The set of values that a society always keeps in mind are morals and ethics which are always supposed to be adhered to. They include a prescriptive code of conduct and don’t merely describe a state of affairs; they direct how things should be. A civilized society has moral rules which action guides are carrying with them a sense of obligation, defining how people ought to conduct themselves. These injunctions apply not just to actions but to attitudes...

Words: 1009 - Pages: 5

Premium Essay

Corporate Social Responsibility

... Liz Maw, CEO of nonprofit organization Net Impact, noted that CSR is becoming more mainstream as forward-thinking companies embed sustainability into the core of their business operations to create shared value for business and society. Sustainability isn’t just important for people and the planet. But also is vital for business success” said Maw, whose company connects students and professionals who want to use business skills to do social good. Communities are grappling with problems that are global in scope and structurally multifaceted like ebola, persistent poverty, climate change. The business case for engaging in corporate social responsibility is clear and unmistakable. Billions are at stake if last and large scale action is not taken. As consumers awareness about global social issues continues to grow. So does the importance these customers place on CSR when choosing where to shop. Honestly technology has brought global connectivity and enable advocacy and awareness for social situations that were once obscure. Millennials are redefining what it means to connect and give back through this technology. It’s not about just having recycling programs or products. People want to feel good about what their dollar is doing. Consumers aren’t the only ones who have drawn to the businesses that give back. Susan Cooney one of the founders of crowdfunding philanthropy platform Givelocity stated that a company’s CSR strategy is a big factor in where today’s top talent chooses to...

Words: 793 - Pages: 4

Premium Essay

Corporate Social Responsibility

...WHAT IS CSR? WHAT CORPORATE SOCIAL RESPONSIBILITY? IS 8 QUESTIONS & ANSWERS JULY 2002 21ST CENTURY CORPORATE SOCIAL RESPONSIBILITY: ADVANCING FAMILY PLANNING AND REPRODUCTIVE HEALTH W HAT IS CORPORATE SOCIAL RESPONSIBILITY? 8 QUESTIONS & ANSWERS JULY 2002 CATALYST Consortium is a USAID-funded family planning and reproductive health activity focused on working in Asia and the Near East, Europe and Eurasia, and Latin America and the Caribbean. Composed of five equal partners — Academy for Education and Development, The Centre for Development and Population Activities, Meridian Group International, Inc., Pathfinder International and PROFAMILIA/Colombia, CATALYST is dedicated to working in partnership with the public, private and NGO sectors in developing, expanding and sustaining quality family planning and reproductive health services and healthy practices through both clinical and non-clinical programs. Special Acknowledgments CATALYST extends its appreciation to the Health Team of the Asia and Near East Bureau, USAID/Washington for its encouragement, support, and contributions in the development and production of this material. Credits Principal Author/Project Manager Zynia L. Rionda, MPA Contributors Victoria Baird, MBA Christina Kramer, MBA David Wofford, MS Photography Zynia L. Rionda, MPA Graphic Design De Val Grafik Source, LLC 202.362.7600 © July 2002, CATALYST Consortium This material was made possible through support provided by...

Words: 1929 - Pages: 8

Premium Essay

The Impact of Corporate Social Responsiblity on Corporate Image: a Case of Pz

...THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON CORPORATE IMAGE: A CASE STUDY OF PZ BY SOMEFUN DOLAPO OLUWASEYI ADP08/09/EX/MBA/0993 A RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE OF MASTERS IN BUSINESS ADMINISTRATION (MBA), OBAFEMI AWOLOWO UNIVERSITY, ILE- IFE, OSUN STATE, NIGERIA OCTOBER 2010 CERTIFICATION I certify that this research study was carried out by Somefun Dolapo Oluwaseyi (ADP08/09/EX/MBA/0993) of the Department of Management and Accounting under my supervision, in partial fulfillment of the requirement for the award of the degree of Master of Business Administration, Obafemi Awolowo University, Ile-Ife, Osun State, Nigeria. ______________________ _____________________ DR. Victor S. Alumona DATE PROJECT SUPERVISOR _____________________ ___________________ MBA CORDINATOR DATE DEDICATION This research study is dedicated to the glory of our Heavenly Father “ever faithful, ever sure” my help in ages past and my hope for years to come. I will also like to dedicate this study to my supportive sister, Mrs. Temitope Ojedele who gave all that I need to complete this course, and our lovely mum for her support and prayers all through the programme. ACKNOWLEDGEMENT The extent to which people succeed in life depends on the Almighty God, self determination as well as those elements within the social and material environment. Therefore, one records success when God permits...

Words: 15140 - Pages: 61

Premium Essay

Csr Axiata

...Journal of Economics, Business and Management, Vol. 1, No. 1, February 2013 Corporate Social Responsibility to Reflect Organization‟s Corporate Identity: A Content Analysis Musdiana Mohamad Salleh, Nabsiah Abdul Wahid, and Malliga Marimuthu  Abstract—The authors propose corporate social responsibility (CSR) as a useful element in reflecting an organization’s corporate identity (CI) to its target audiences. The inclusion of CSR highlights organization’s role as a ‘good’ citizen in society and is the basis for any beneficial exchanges between the parties. Content analyses on CSR of 10 top ranked Malaysian companies supported this proposition. Index Terms—Corporate social responsibility, corporate identity, content analysis. effort in integrating their stakeholders‟ social and environmental expectations and/or concerns into their daily operations and their interaction with the stakeholders. B. Corporate Identity Corporate identity (CI) has been used as the basis for other various corporate level concepts like image, reputation or corporate communications; and is even considered fundamental in corporate marketing field [1]-[2]. The traditional VI perspective sees CI being used at the early stage of organization‟s operation as it becomes the mean for CI transmission e.g. through logos, brand images and other visual manifestations representing them [3]. CI has evolved from this definition from focusing only on the minor elements of the organization to now emphasizing more on the...

Words: 3460 - Pages: 14

Free Essay

Operating Management

...SOCIAL RESPONSIBILITY (CSR) Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders. The term "corporate social responsibility" came into common use in the late 1960s and early 1970s after many multinational corporations formed the term stakeholder, meaning those on whom an organization's activities have an impact. It was used to describe corporate owners beyond shareholders as a result of an influential book by R. Edward Freeman, Strategic management: a stakeholder approach in 1984. Proponents argue that corporations make more long term profits by operating with a perspective, while critics argue that CSR distracts from the economic role of businesses. Others argue CSR is merely window-dressing, or an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations. CSR is titled to aid an...

Words: 3899 - Pages: 16

Premium Essay

Duties of Mangement

...CORPORATE GOVERENCE OF PAKISTAN ASSIGNMENT # 01 Roles and Responsibilities of Managers and Directors MBA 03 Submitted to: Sir Sahaab ul Din Submitted By: Shahzaib Khan Reg #; SP13-MBA-13 Submission Date: 3rd February, 2014. Roles and Responsibilities of Management A manager wears many hats. Not only is a manager a team leader, but he or she is also a planner, organizer, cheerleader, coach, problem solver, and decision maker. Henry Mintzberg describes a set of ten roles that a manager fills. These roles fall into three categories: * Interpersonal: This role involves human interaction. * Informational: This role involves the sharing and analyzing of information. * Decisional: This role involves decision making. These are basics roles which are basic of any manger and followed in Pakistan as well. 1) Fundamental Management Responsibilities in Pakistan: i. Managers are primarily responsible for: * ensuring the development, performance, and conduct of each employee working in the organizations; * defining clear goals and courses of action to subordinates, and following up to ensure that these are carried out; * ensuring the well-being and progress of the personnel in their groups; * fostering...

Words: 751 - Pages: 4

Premium Essay

Duties of Mangement

...CORPORATE GOVERENCE OF PAKISTAN ASSIGNMENT # 01 Roles and Responsibilities of Managers and Directors MBA 03 Submitted to: Sir Sahaab ul Din Submitted By: Shahzaib Khan Reg #; SP13-MBA-13 Submission Date: 3rd February, 2014. Roles and Responsibilities of Management A manager wears many hats. Not only is a manager a team leader, but he or she is also a planner, organizer, cheerleader, coach, problem solver, and decision maker. Henry Mintzberg describes a set of ten roles that a manager fills. These roles fall into three categories: * Interpersonal: This role involves human interaction. * Informational: This role involves the sharing and analyzing of information. * Decisional: This role involves decision making. These are basics roles which are basic of any manger and followed in Pakistan as well. 1) Fundamental Management Responsibilities in Pakistan: i. Managers are primarily responsible for: * ensuring the development, performance, and conduct of each employee working in the organizations; * defining clear goals and courses of action to subordinates, and following up to ensure that these are carried out; * ensuring the well-being and progress of the personnel in their groups; * fostering...

Words: 751 - Pages: 4

Free Essay

Business Environment

...Unit 1 The Business Environment The Business Environment Aryaneil Frances G. Fernandez 801-1321-012 Lg Electronics Inc. is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, and a member of the LG Group, employing 83,000 people working in 119 local subsidiaries worldwide. With 2013 global sales of USD 53.1 billion (KRW 58.14 trillion), the company operates its business through five divisions: Home Entertainment, Mobile Communication, Home Appliance, Air Conditioning and Energy Solution, and Vehicle Components, CEO of LG Electronics is Bon-joon Koo, who assumed the role of Vice Chairman of LG Electronics on 1 October 2010. In 2011, LG Electronics was the world’s second largest television manufacturer. Abu Dhabi Islamic Bank was established on 20 May 1997 as a Public Joint Stock Company through the Amiri Decree No.9 of 1997. The Bank commenced commercial operations on 11 November 1998, and was formally inaugurated by Abdullah Bin Zayed Al Nahyan, UAE Minister of Information and Culture on 18 April 1999. All contracts, operations and transactions are carried out in accordance with Islamic Shari’a principles. ADIB commenced its operations with a paid-up capital of One Billion Dirhams divided into hundred million shares, the value of each share being ten dirhams. The shares are quoted on the Abu Dhabi Securities Market. The founders of Abu Dhabi Islamic Banks hold 29% of its equity while the remaining 71% is held by approximately...

Words: 3247 - Pages: 13

Premium Essay

Research Paper

...CHAPTER 1 INTRODUCTION 1.1 BACKGROUND INFORMATION Corporate Social Responsibility (CSR) as a concept entails the practice whereby corporate entities voluntarily integrate both social and environment upliftment in their business philosophy and operations. A business enterprise is primarily established to create value by producing goods and services which society demands. The present-day conception of corporate social responsibility (CSR) implies that companies voluntarily integrate social and environmental concerns in their op¬erations and interaction with stakehold¬ers. The notion of CSR is one of ethical and moral issues surrounding corporate decision making and behaviour, thus if a company should undertake cer¬tain activities or refrain from doing so because they are beneficial or harmful to society is a central question. Social issues deserve moral consideration of their own and should lead managers to consider the social impacts of corporate activities in decision making. Regardless of any stake¬holders’ pressures. However, some arguments that the contri¬bution of concepts such as CSR is just a reminder that the search for profit should be constrained by social considerations (Manuel and Lúcia, 2007) and increasingly CSR is analysed as a source of competitive ad¬vantage and not as an end in itself (Bran¬co and Rodrigues, 2006). In effect, the concept of CSR has evolved from being regarded as detrimental to a company’s profitability, to being considered as some¬how benefiting...

Words: 15594 - Pages: 63

Premium Essay

Csr: a Journey Towards Sustainability

...Abhishek Tripathi Abstract ……………………………………………………………………………………………………………………………… CSR is not new to India; companies like TATA and BIRLA have been imbibing the case for social good in their operations for decades long before CSR become a popular cause. Inspite of having such life size successful examples, CSR in India is in a very nascent stage. It is still one of the least understood initiatives in the Indian development sector. Thus the situation is far from perfect as the emphasis is not on social good but rather on a policy that needs to be implemented. A lack of understanding, inadequately trained personnel, non availability of authentic data and specific information on the kinds of CSR activities, coverage, policy etc. further adds to the ineffectiveness of CSR programmes. But the situation is changing and CSR is coming out of the purview of ‘doing social good’ and is fast becoming a ‘business necessity’. The ‘business case’ for CSR is gaining ground and corporate houses are realising that ‘what is good for workers - their community, health, and environment is also good for the businesses. Present article focuses on the CSR with the case study of BILT (YamunaNagar Plant) as a concept and analyses the real life case study. Present paper is divided in to two parts. First part gives the insight of CSR as a concept, current trends of CSR in India and Global Standards on which CSR is implemented and Second part deal with the BILT …………………………………………………………………………………………………………...

Words: 5107 - Pages: 21

Premium Essay

Integrated Faith

...Keywords: good advertising, advertising ethics, corporate social responsibility Good Advertising or Not? Advertisements Advertisements are an important vehicle designed to promote or help sell a product, service or idea (Young, 2014, p.35). As a dimension of IMC, advertising is “…most often associated with offenses that attract attention from critics and regulators alike” (Young, 2014, p.34). This can be contributed to the powerful effect whether perceived or not that ads have in persuading, influencing, disputing and or changing. According to Karp (1974), “Advertising can be that magnetic force” (p.1). Ad’s meanings, interpretations, and controversies can have adverse effects on consumers, societies and economies. There are laws, rules and guidelines in place to help protect the interests and rights of consumers, competing firms, affiliations and even the free speech of advertisers. Good Advertising Despite designed preventive measures, of course, the consequences of deceptive and abusive advertising have resulted compensated harm and convicting lawbreakers. But, fortunately, the majority of ads overall, past or present, are considered as positive experiences which have created favorable impressions, emotional appeal, enormous benefits and high profits. But what constitutes “good advertising”? Are there standards to meet? Better yet, what does it realistically entail? It is more evident today any time before that the responses can be inexplicitly answered...

Words: 1022 - Pages: 5