Corporate Social Responsibility (CSR) is not an easily defined term. It is used in several different conditions, depending on how it applies and the objectives it serves. It only came into existence during the late 1970’s after the term stakeholder started being used, meaning – those whom the organizations activities have an impact on. Before, the role of CSR was not highly required or rather thought of, but consumers today are interested in companies, which are socially responsible. If companies
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Introduction Corporate Social Responsibility, also known as CSR, is a self-regulatory system whereby a company keep its business dealings in check with the laws and ethical standards of the society. The various aspects of CSR will be discussed using a case study concerning Hennes & Mauritz (H&M). It is a case of unethical waste discharge by their supplier that is harmful to the environment. The stakeholders that are affected, solutions to this problem and the ethics and values of this
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behavior. Sustainability at Siemens is leading to profitable long-term growth and responsible value creation for the company. For Siemens, sustainability means acting responsibly on behalf of future generations to achieve economic, environmental and social progress: • For the environment, Siemens is providing innovative products and solutions to improve both its own eco balance and those of its customers and suppliers. • For business, Siemens is focusing on long-term value creation. • For the
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1. Starbucks demonstrates a new focus on business ethics and social responsibility by providing health care benefits to their employees, giving to the welfare of the needy, and also by packaging their goods in recycling materials along with any other practices that are beneficial to the company-------------------. Starbucks has also demonstrated by improving their dealings with their customers as well as their suppliers. Although this may not bring in additional revenues, the ethical businesses are
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Question: how could Workers Inc. improve its corporate social responsibility? As an employment agency Workers Inc acts as one part of the triumvirate acting as the employers /workers representative, and the employer and worker. Underhill has identified that labour staff and in particular those who are employed through employment agencies ie casually ‘are injured more often and more seriously’ (Underhill, 2004). As a socially responsible employer and a hirer of staff working in trades Workers
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Berkley, R. A., & Watson, G. (2009). The employer-employee relationship as a building block for ethics and corporate social responsibility. Employee Responsibilities and Rights Journal, 21(4), 275-277. doi:http://dx.doi.org/10.1007/s10672-009-9124-4 This article emphasises on keeping up of a good employee-employer relationship as the important element of maintaining ethics and corporate social responsibility. Employee as one of the inevitable factors of organisation should be considered as the most
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E-commerce and CSR issues In the words of Alejo and Joan (2005), regarding E-commerce and its Corporate social responsibility issues, “Reality is virtual, virtual reality-the reality that exist in the form of bits and bytes activated by electromagnetic energy and made powerful by IT and the internet-has changed the way we relate to one another. It has also revolutionized economics and business”. The authors state that while e-commerce, the sale of goods over the internet, has boosted online
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Strategy 6 Stated Ethical Strategy 6 Stakeholder Analysis 9 Employees 9 Customers 13 Government 15 Suppliers 17 Shareholders 18 Communities 20 Institutionalization of Ethics 21 Explicit Components 21 Implicit Components 22 Corporate Environmental Management 23 Environmental Policy 23 Environmental Management Systems (EMS) 24 Crisis Management Policy 25 Overall Evaluations and Conclusions 26 Recommendations 27 Works Cited 29 Appendix 32 Appendix A - Cisco Code
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creating value for customers and shareholders, upholding business ethics, fostering responsible development, maintaining operational excellence, cultivating a strong workforce, and contributing to communities.” Values:“Safety, accountability, and social responsibility are our core drives.” Evaluating the vision statement, it does seem like it is directional, and is specific enough to provide guidance. Felton (2012) highlights an instance of the absolute safety policy wherein a contracted worker
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this sense may have artificial responsibilities, but ‘business’ as a whole cannot be said to have responsibilities, even in this vague sense.” (Friedman, 1970). M. Friedman believes that only the individual has social responsibilities. Business as an artificial entity cannot have “social conscience” and think of ethics before its interests or profits. According to Friedman, the primary responsibility of a businessman is to make happy the business owner with profits, and the primary task for the
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