Nobody downloaded yet

Social responsibility in finance decision making - Essay Example

Comments (0) Cite this document
Globalization has had numerous impacts on human and business living including the need for businesses to take concerted efforts in social responsibility. The importance of corporate social responsibility (CSR) has increased in recent years owing to the increasing benefits to…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.5% of users find it useful
Social responsibility in finance decision making
Read TextPreview

Extract of sample "Social responsibility in finance decision making"

Download file to see previous pages Further, Monsanto CSR initiatives, the influence they have had on stakeholders and company image, with recommendations provided for improvement of CSR at Monsanto. Monsanto failed to meet CSR needs in two instances that seriously affected the business and formed the platform for more CSR initiatives that have allowed the business to receive global recognition, win back the confidence of the consumers, and achieve success in environmental conservation.
Monsanto is a leading seed company globally specializing in biotechnology and genetic manipulation of organisms for the development of cheaper and resistant food and crops. Monsanto inserts genes to existing plant genes as a measure of augmenting disease resistance and yields. The effect is the production of drought resistant, more productive, and disease resistant plants known as genetically modified organisms GMO. Monsanto has achieved global success in terms of the supply of Agent O, saccharin, vanilla flavouring, artificial sweeteners, petroleum, packaging Roundup herbicides, petroleum, and GMO seeds. Despite the success, Monsanto faced CSR issues that seriously affected the firm and realized the importance of CSR taking several initiatives in correcting the situation and making several gains in the end.
Corporate social responsibility (CSR) at Monsanto was not at the forefront of the company’s operations in the past, as is the case in recent years. For example, there are instances where Monsanto inflicted harm on a number of stakeholders for the sake of the firm’s profits that was the main aim of the firm at the time. Monsanto was not very cognisant of the CSR it had on a number of stakeholders. Monsanto’s production of Agent Orange in 1970’s for the deforestation of Vietnamese jungles forms the case where the company neglected its CSR responsibilities in favour of profit making (Ferrel et al., 2013). Agent Orange, as it was later discovered, contained a carcinogenic ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Social responsibility in finance decision making Essay - 1”, n.d.)
Social responsibility in finance decision making Essay - 1. Retrieved from
(Social Responsibility in Finance Decision Making Essay - 1)
Social Responsibility in Finance Decision Making Essay - 1.
“Social Responsibility in Finance Decision Making Essay - 1”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Social responsibility in finance decision making

Decision Making

...difficulties of nurses managers to comply with their responsibilities that involve not only patient care but complying with documentation and reportorial obligations. According to nurse managers, the need to do some administrative and clerical tasks divide their focus on patient care, causing lower productivity and performance. Other symptoms of confounding problems are exemplified through back-logs in complying with monthly reports on status of medical equipment and supplies under their jurisdiction, performance evaluations of nurses, and scheduling vacation leaves and trainings for nurses. Alternative Courses of Action and Analysis of Options Using the rational model of decision...
5 Pages(1250 words)Term Paper

Decision making

...? This paper examines two fundamental approaches to decision making: the rational theory and the prospective theory and how they relate to decision making in making demands during international mediation in inter-state conflicts. In the rational theory, the players identify the best results for the highest number of people before taking decision. The prospect theory on the other hand involves a situation where parties in negotiations seek the best results for themselves by consolidating their strengths and taking risk where they have weaknesses. This aims at maximizing self-interest goals of each party. The paper uses the two concepts to...
12 Pages(3000 words)Research Paper

Decision Making

...for finding “a second solution or decision recommendation as an alternative to their first choices” (Thompson, 2006, p. 179). The process can be intensified further by using time pressure on members to reach decision by solving the problems assigned to each member. This tactic would certainly invoke the attention of every member. Absence of contingency plan A team affected by groupthink will not have a strategy to vie with contingency of any sort. As Spangle and Isenhart (2003, p. 289) point out, disasters like the Challenger space shuttle or the Hubble telescope are some examples of the harmful consequences of groupthink. It happens as the members find themselves less responsible to...
3 Pages(750 words)Essay

Managing Finance & Decision Making for the employees, investors, customers and general public. The annual report comprises balance Sheet, profit & loss statement, cash flows, auditors’ statement as well as chairman’s comments. The chairman’s statement sums up the financial health of the company as well as the future prospects of the company. The statement also provides the company’s strategy used in the former years. The income statement communicates how much profit the company has made during the period, the revenues made and the expenses incurred. It also makes a comparison against the former year. The balance sheet appraises the financial position of the company on the last day of the period. It states what the company owns, what the company...
12 Pages(3000 words)Essay

Entrepreneurial Approach to Profit and Social Responsibility

...? Entrepreneurial Approach to Profit and Social Responsibility s Entrepreneurial Approach to Profit and Social Responsibility Introduction Entrepreneurship refers to the business of taking a risk in coming up with new ideas and innovations. Entrepreneurship involves seeing an opportunity where others are not able to see it, take advantage of it, and exploit it with an aim of making a profit. An entrepreneur is therefore, an individual who initiates innovations, financing and business activities in an effort to transform the ideas into an economic resource. An entrepreneur is viewed as a risk taker in the business venture. This paper will discuss of the two leading entrepreneurs, Rich Gorman and Adi Saravanan to determine... discussed, Rich...
5 Pages(1250 words)Research Paper

Making decision

...? MAKING DECISION BY PRESENTED Making decisions In a couple of sentences outline why it is difficult to distinguish between clinical-decision making errors solely due to intuitive judgement or analytical judgement Hammond (1996) explains that intuition is a cognitive process that provides answers and idea solutions without using any conscience, or logically defensible processes. In other words, intuition cannot be made explicit while an analysis can be made explicit. As Bendal & Morrison (2009) assert, nurses are called to hold on the highest degree of professionalism in making any decision. As Bendal & Morrison (2009) elaborate, nurses in most cases have to apply evidence based practices to alive at any decision where a patient... is...
3 Pages(750 words)Assignment

Decision Making

...Decision Making Introduction I am the project manager at Bay Construction and my boss gave me the task of recruiting two short-term contractors to oversee the building of an apartment in Boston area. I realized that Bay States uses an external staffing agency, Mitchell Staffing to recruit prospective employees and therefore, the human resource forwarded the job description I had drafted. I received numerous resumes from several Account managers at Mitchell and one of them was Tracy. My team and I selected the best qualified three candidates all of whom were Tracy’s candidates. I called Tracy to arrange for the phone interview before proceeding in looking at the other candidates from other account...
3 Pages(750 words)Essay

Decision Making

...and evaluated whether to simply amend existing policies or to introduce a whole new law to solve the social menace. At a later point, the best option is chosen. The lawmaker either passes a resolution or a new law in accordance with their law-making process. Undeniably, there are many factors to consider in making a decision. This is based on the fact that how a decision is made is the determining point of whether or not the chosen act will produce a good or bad consequence. Hence, it is correct to say that decision making is part and parcel of human life which is vital to our continuing existence. Without such...
2 Pages(500 words)Admission/Application Essay

Decision Making

...Decision Making One firmly believes that the manner by which decisions are made depend on the individual’s exposure to situations requiring the use of diverse decision-making processes and the experience in selecting and using a particular method which had been deemed most consistently effective. Likewise, the educational background, various demographic factors, personal profile, and the situation which calls for the decision significantly influence the kind of decision-making to be used. As briefly explained in one of the course reading, intuitive decision making is...
2 Pages(500 words)Essay

InternationAL FINANCE

...Social responsibility in finance decision making al affiliation) Introduction It is hard to imagine if there exists any economic sector that calls for a proper sense of corporate societal accountability than the financial services. A series of governance scandals has followed repeated concerns about pay levels, successive poor financial service advice and agency problems in private equity companies. Financial service industry is no longer playing a critical role aimed at initiating corporate social responsibilities as expected. The primary essence of a corporate social responsibility is...
5 Pages(1250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Social responsibility in finance decision making for FREE!

Contact Us