Corporate social responsibility (CSR) is a vague term that forces a coalition of interests (the stakeholders) to take positive action to promote the public good and as such cannot be approached objectively…
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The problems associated with calculating the cost is further complicated by the ideological issue of the redistribution of wealth. The re-channeling of wealth from corporate customers to the public welfare is a de facto tax that is instituted by an unelected private individual (Friedman). This task has been given to the government and any private firm that enters into this practice may end up alienating customers, losing shareholder support, or building resentment among market segments that the firm does not spend the money on. It is not the business manager’s role to seek social justice at the expense of the stakeholders.
The practice of determining what constitutes social good, and what the cost or benefit is will lead to a conflict between the stakeholders. No one in he firm and no other group is in a position to make that decision.
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In this report, the concept of CSR especially under globalization and its impact on current businesses are discussed. The key questions examined here are whether CSR is advantageous or disadvantageous to businesses and the challenges faced under globalization to CSR.
In the recent past, particularly over the last two decades, the ideology of maximization of shareholders value as a norm of corporate management has been under great scrutiny. The issue of whether companies should engage in social matters affecting the society has been a source of controversy with some people supporting corporate social responsibility while others are opposed to it.
The study seeks to examine corporate social responsibility policies, including business ethics and its impact on Barclays bank practice and key stakeholders. It shall lay the foundations by describing Barclay’s history and environment, its organizational framework and the philosophy underlying its banking operations.
There is very little information on how corporate decision makers can reconcile differences between the public and private interest goals. There are no singular limitations of CSR concept which act in the favour of aligning the personal and business goals (Tapang and Bessong, 2012).
Voluntary principles of Corporate social Responsibility are much more effective than prescriptive regulation because self-regulation is far more easily adaptable to the vast differences in circumstances, objectives, operating methods and resources of individual companies.
th between two and four-year degrees as practitioners trained in remote higher learning institutions able to practice medicine in Ashe Memorial Hospital
All quality development activities in Ashe Memorial Hospital have merged to form an option to ideals in quality guarantee and
Most CSR theories take into consideration 4 practical aspects: businesses are meant to produce profits, corporate power and its rational use, businesses and their social responsibilities, businesses as profit makers working within ethical domains. The theories can be classified into instrumental, political, integrative and value domains.
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