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Another influential factor that helped big organizations in gaining dominance was the rising concern for global warming and conservation of natural resources.
International agencies like United Nations (UN) enacted many environmental laws like EnergyStar rating (for energy efficient appliances), recycling laws, and Kyoto Protocol (in order to control greenhouse gas emissions to the atmosphere) to prevent continual degradation of the environment. This ensured that small as well as big organizations took steps to meet different requirements set up by these agencies. However, due to expensive nature of implementation, it was easier for big organizations to follow the guidelines set by International agencies as well as the government of the countries they were located. Big organizations were able to implement the laws and thus were able to take steps towards responsible actions and initiatives or corporate social responsibility (CSR). They implemented corporate social responsibility in their strategies with the hope of attaining competitive advantages in the market (Porter and Kramer 2008).
The rising concern for the protection of environment has led many big organizations to change their strategies. Depleting natural resources, increasing global warming and increasing consumer awareness are paving ways to a more sustainable approach of doing businesses. Climate changes and political pressures in order to reduce greenhouse gas (GHG) emissions have brought changes in organizational strategies.
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This study addresses ethics and corporate social responsibility practices and issues, while focusing on several case studies like Scandal and Nestles Companies. Most people believe that corporate governance is primarily concerned with the societal obligations of business; however, they are not interested in understanding the scope and nature of these obligations.
Although, ethical trading has become an important topic in business field since 1920s, it is in the current times, with the organizational processes and the Corporate Social Responsibility being scrutinized even more by the public, media, etc, that it has gained prominence.
There are arguments that an organization has no right to interfere in personal affairs (Losey, 1993). This will be dealt with later in the arguments. However, the complaint from the female staff members on sexual harassment is a matter of concern for the organization which affects several stakeholders.
In this paper it is also hoped to emphasize the debate on the nature of corporate social responsibility and current efforts to define CSR. It also considers some theories on how and why business might undertake CSR. Theories such as social contrasts theory, stakeholder theory and legitimacy theory will be looked at.
After the introduction of what CSR is, as well as privatization in general and with particular references to education, both in the context of the UK is given, the researcher provides a deeper analysis of CSR with reference to education. Also a look at whether global capitalism exists or not in the field of education in the UK is presented.
Profit declining for the two consecutive quarters is certainly alarming as well as agitating not only for Costello but also for the investors and shareholders. Considering the stakeholder's theory proposed by R.Edward Freeman (Freeman, 1984,25) I visualize the first option may work out well and bring costlo back to normalcy.
nificance of environmental factors on corporate strategy along with developing a special set of skills by leaders and managers to align corporate strategy with the competitive pressures of the time (www.economist.com).
This paper investigates the influence these environmental
CSR also helps companies to build and elevate their brand image since consumers today prefer goods with CSR attributes. However like everything else, CSR has controversies like spending more on CSR activities can put pressure on
As the merger involved two big companies and ethical issues in such companies is quite common, the ethics director got actively involved in the emphasis on ethics. This was also important because customers bring business to the industry and if the
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