2.Corporate Social Responsibility & Corporate Responsiveness[1]
•Download as PPT, PDF•
1 like•671 views
The document discusses the different dimensions an organization must consider to have a positive impact on stakeholders, including legal, ethical, economic, and philanthropic responsibilities. It addresses obeying laws, demonstrating ethical behaviors, how resources are distributed, whether consumers prefer socially responsible companies, examples of strategic philanthropy, and cause-related marketing. The key responsibilities of businesses are to maximize positive stakeholder impact while minimizing negative impact across these legal, ethical, economic and discretionary dimensions.
Report
Share
Report
Share
![[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
Recommended
What is the business of business
This document discusses two opposing views on the role of business in society: 1) "The business of business is business" which argues that the sole purpose is shareholder wealth, and 2) corporate social responsibility which sees an implicit social contract. It argues that social issues are fundamental to long-term business value and critics are at loggerheads. While CSR is limited, mapping social issues to corporate strategy could establish higher standards of integrity and transparency through explicit strategic planning processes and more active involvement in external debates.
BUSINESS ETHICS
This chapter discusses business ethics and social responsibility. It begins by defining business ethics as the principles and standards that determine acceptable conduct in business organizations. Social responsibility is defined as a business's obligation to maximize its positive impact and minimize its negative impact on society. The chapter outlines the importance of ethics in business and examines some common ethical issues that can arise, such as conflicts of interest. It also discusses how businesses can promote more ethical behaviour. Finally, it explores the nature of social responsibility and key social responsibility issues.
Strategic management, cg, sr, and ethics
This document discusses concepts related to strategic management, corporate governance, ethics, and stakeholder responsibilities. It addresses the following key points:
- Corporate governance involves interaction between management, boards of directors, and shareholders. Most boards fall into categories ranging from passive to actively engaged.
- Stakeholders are groups with an interest in an organization like shareholders, customers, and employees. There is debate around which stakeholders companies have the greatest responsibilities towards.
- Ethics refers to principles of right and wrong behavior. The document discusses various frameworks for ethical decision making including utilitarianism, justice approaches, and universal truths.
Friedman vs Carroll Corporate Social Responsibility & Outsourcing
The document discusses and critiques Milton Friedman's view that the sole social responsibility of business is to increase profits for shareholders. It argues that Friedman fails to consider how business decisions can impact other stakeholders like employees, communities, and customers. Outsourcing labor solely to cut costs ignores these impacts and can damage productivity, reputation, and relationships over time. While increasing profits is important, the document advocates for a balanced view of corporate social responsibility that considers all stakeholders.
CSR and Political Ties
Corporate social responsibility activities can be a source of political power for businesses. CSR can involve providing public goods, self-regulation, and political philanthropy. These activities can benefit businesses by helping them gain favorable regulatory treatment, obtain specific political benefits from officials, and improve relationships with influential advocacy groups. However, in developing countries, some argue that corporate CSR activities are more focused on supporting political interests and parties rather than addressing real social issues.
CSR and Political Ties
Corporate social responsibility activities can be a source of political power for companies in three ways: as public goods provision, self-regulation, and political philanthropy. This political power can benefit companies by helping them gain favorable regulatory treatment, obtain specific political benefits from officials, or improve relationships with influential advocacy groups. However, in developing countries CSR activities are sometimes used more to support political parties or gain contracts rather than address important social issues.
paid news
The document discusses several issues related to business practices in India including paid news, crony capitalism, legal and ethical practices, and corporate social responsibility. It notes that paid news and crony capitalism are interrelated issues in India, with corporations funding politicians and media, who then help those politicians get elected, resulting in a reciprocal relationship. The document also discusses the differences between legal practices, which ensure compliance with laws, and ethical practices, which aim to meet stakeholder expectations, noting that ethical behavior and dealing with dilemmas is important for building trust with suppliers, employees, and customers. Corporate philanthropy and social responsibility are also discussed as ways for companies to improve reputation and achieve other goals.
Carroll Model
The document describes Carroll's Pyramid of Social Responsibility, which presents four types of responsibilities for businesses: economic, legal, ethical, and philanthropic. It places economic responsibilities at the base as the foundation, with legal, ethical, and philanthropic responsibilities ascending higher up the pyramid. The pyramid provides a framework for understanding a business' evolving responsibilities to society.
Recommended
What is the business of business
This document discusses two opposing views on the role of business in society: 1) "The business of business is business" which argues that the sole purpose is shareholder wealth, and 2) corporate social responsibility which sees an implicit social contract. It argues that social issues are fundamental to long-term business value and critics are at loggerheads. While CSR is limited, mapping social issues to corporate strategy could establish higher standards of integrity and transparency through explicit strategic planning processes and more active involvement in external debates.
BUSINESS ETHICS
This chapter discusses business ethics and social responsibility. It begins by defining business ethics as the principles and standards that determine acceptable conduct in business organizations. Social responsibility is defined as a business's obligation to maximize its positive impact and minimize its negative impact on society. The chapter outlines the importance of ethics in business and examines some common ethical issues that can arise, such as conflicts of interest. It also discusses how businesses can promote more ethical behaviour. Finally, it explores the nature of social responsibility and key social responsibility issues.
Strategic management, cg, sr, and ethics
This document discusses concepts related to strategic management, corporate governance, ethics, and stakeholder responsibilities. It addresses the following key points:
- Corporate governance involves interaction between management, boards of directors, and shareholders. Most boards fall into categories ranging from passive to actively engaged.
- Stakeholders are groups with an interest in an organization like shareholders, customers, and employees. There is debate around which stakeholders companies have the greatest responsibilities towards.
- Ethics refers to principles of right and wrong behavior. The document discusses various frameworks for ethical decision making including utilitarianism, justice approaches, and universal truths.
Friedman vs Carroll Corporate Social Responsibility & Outsourcing
The document discusses and critiques Milton Friedman's view that the sole social responsibility of business is to increase profits for shareholders. It argues that Friedman fails to consider how business decisions can impact other stakeholders like employees, communities, and customers. Outsourcing labor solely to cut costs ignores these impacts and can damage productivity, reputation, and relationships over time. While increasing profits is important, the document advocates for a balanced view of corporate social responsibility that considers all stakeholders.
CSR and Political Ties
Corporate social responsibility activities can be a source of political power for businesses. CSR can involve providing public goods, self-regulation, and political philanthropy. These activities can benefit businesses by helping them gain favorable regulatory treatment, obtain specific political benefits from officials, and improve relationships with influential advocacy groups. However, in developing countries, some argue that corporate CSR activities are more focused on supporting political interests and parties rather than addressing real social issues.
CSR and Political Ties
Corporate social responsibility activities can be a source of political power for companies in three ways: as public goods provision, self-regulation, and political philanthropy. This political power can benefit companies by helping them gain favorable regulatory treatment, obtain specific political benefits from officials, or improve relationships with influential advocacy groups. However, in developing countries CSR activities are sometimes used more to support political parties or gain contracts rather than address important social issues.
paid news
The document discusses several issues related to business practices in India including paid news, crony capitalism, legal and ethical practices, and corporate social responsibility. It notes that paid news and crony capitalism are interrelated issues in India, with corporations funding politicians and media, who then help those politicians get elected, resulting in a reciprocal relationship. The document also discusses the differences between legal practices, which ensure compliance with laws, and ethical practices, which aim to meet stakeholder expectations, noting that ethical behavior and dealing with dilemmas is important for building trust with suppliers, employees, and customers. Corporate philanthropy and social responsibility are also discussed as ways for companies to improve reputation and achieve other goals.
Carroll Model
The document describes Carroll's Pyramid of Social Responsibility, which presents four types of responsibilities for businesses: economic, legal, ethical, and philanthropic. It places economic responsibilities at the base as the foundation, with legal, ethical, and philanthropic responsibilities ascending higher up the pyramid. The pyramid provides a framework for understanding a business' evolving responsibilities to society.
Final ugbs 207 lecture3
This document discusses stakeholder theory and management. It defines stakeholders as individuals or groups with interests in an organization, such as shareholders, employees, customers, and suppliers. There are often conflicting interests between stakeholders that companies must balance. Stakeholder management involves identifying stakeholder interests, assessing their importance based on power, legitimacy, and urgency, and developing strategies like involvement, monitoring, defense, or collaboration depending on their potential for threat or cooperation. The document outlines several theoretical models for conceptualizing stakeholder relationships and their implications for corporate social responsibility.
Corporate and Social Responsibility P1
The document discusses several concepts related to corporate social responsibility (CSR):
1. It presents different views on CSR, from the view that moral responsibility lies only with humans and not companies, to the view that ethics can allow companies to self-regulate.
2. It introduces the Carroll CSR model which outlines four types of social responsiveness: reaction, defense, accommodation, and proaction.
3. It discusses stakeholder theory and classifications of stakeholders from narrow to wide, primary to secondary, active to passive, voluntary to involuntary.
4. It mentions Mendelow's model for stakeholder mapping and references Donaldson and Preston's work.
Criticism on Carroll's Model
The document summarizes Carroll's model of corporate social responsibility and discusses subsequent models that built on his work. Carroll's model proposes that CSR has four components: economic, legal, ethical, and discretionary/philanthropic responsibilities. Later models refined Carroll's work, such as Wartick and Cochran who defined CSR using three dimensions: principles, processes, and outcomes. The document also discusses criticisms of Carroll's model and alternative models proposed by scholars like Schwartz and Carroll that address some limitations through a three domain approach.
BUSINESS ETHICS
Role stress and ethical dilemmas often arise from conflicts between job demands and responsibilities. Salespeople may face stress when customers expect incentives that go against company policy. An advertisement maker for Nuveen Investments faced a dilemma between being creative and potentially misleading viewers. Differential association theory suggests people learn ethics from those they interact with, so young managers may follow unethical superiors to show loyalty. Whistleblowers who expose wrongdoing often face negative consequences like job loss and threats.
Corporate Moral Development
This document discusses factors that influence the moral development of corporations and proposes a 5-stage model of corporate moral development. The stages progress from immoral organizations that prioritize profits over ethics to ethical organizations that balance profits and principles, making ethical decisions even at the expense of profitability. The moral maturity of an organization's leaders and culture determines its stage of development. Leaders set the moral tone and have great impact on shaping corporate culture and ethics.
Friedman vs Carroll, Social responsibility and Ethics in Strategic Management
The document summarizes the views of Milton Friedman and Archie Carroll on corporate social responsibility. Friedman argues that the sole social responsibility of business is to increase profits for shareholders within legal bounds. Carroll proposes that businesses have economic, legal, ethical and discretionary responsibilities, with economic responsibilities being the primary concern. The document also provides examples of companies that follow Friedman's view of focusing solely on profits, as well as examples of companies that demonstrate Carroll's view of broader corporate social responsibilities.
Case 43 unlicensed engineers 208690
Charles Landers, an unlicensed engineer and former employee of Constructing Engineers, is accused of falsifying documents and forging his partner Henry Wilson's signature. This case highlights the importance of professional ethics in business. While Landers claimed to be acting in the company's best interests, his actions lacked integrity and harmed his partner's profession. Upholding high moral standards and virtues is crucial for organizational success, as evidenced by this case of unprofessional conduct.
Corporate social responsiblity
The document discusses various perspectives on corporate social responsibility based on the author's reflections from lectures and readings. It addresses that (1) a single CSR standard cannot apply to all companies given differences in location, size, and resources, (2) companies pursuing green initiatives primarily for marketing purposes risks being counterproductive or disguising other issues, and (3) while corporate accountability is important, governments must still maintain meaningful power to prevent abuse and encourage fair competition.
Csr and ethics
This document discusses various models and perspectives on corporate social responsibility (CSR). It begins with an overview of CSR and definitions. It then examines five models of CSR: minimalist, self-interested, social contract, stakeholder management, and stakeholder stewardship. Each model is defined in terms of its premises and critiques of alternative models. Examples are provided for each model. The document also discusses the relationship between CSR and ethics, and managing ethics and social responsibility in organizations.
Social Responsibility by Aijaz Aryan
This document discusses social responsibility and business ethics. It defines social responsibility as voluntary efforts by businesses to benefit society. Arguments for and against social responsibility are provided, as well as different types of social responsibility like economic, legal, and discretionary. The document also discusses a business's responsibilities to various stakeholder groups and elements of establishing a business ethics program, including commitment from top management, a code of conduct, and compliance mechanisms. Factors that affect business ethics like personal, social, and industry values are also outlined.
Corporate Social Responsibility (CSR)
Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business) is a form of corporate self-regulation integrated into a business model.
Csr & ethics
This document discusses corporate social responsibility and business ethics. It defines corporate social responsibility as actions a company takes to improve its impact on society and the environment. It notes that CSR refers to a company's obligations to protect and improve social welfare as well as its own interests. The document then lists several reasons why CSR is important, including maintaining a positive public image, avoiding government regulation, satisfying consumer awareness of rights, ensuring survival and growth by having community support, and satisfying employee expectations to boost productivity. It also defines ethics as moral judgments about right and wrong, distinguishing between personal and business ethics. Business ethics are the rules and principles formed by each company to guide decision making. The importance of business ethics is outlined as positively influencing employee commitment,
Discipline
This document discusses ethics and discipline in business. It defines business ethics as the application of moral principles to business dealings and interactions with stakeholders. Some common ethical dilemmas are discussed such as child labor, environmental protection, and testing medicine on vulnerable groups. Different approaches to ethics are outlined such as being purely amoral or legalistic versus taking an active interest in ethical issues. The importance of a code of ethics in guiding employee conduct and enhancing reputation is described. Measures for eliminating unethical practices like seminars on ethics and rewarding good behavior are suggested. The steps for conducting a disciplinary inquiry and definitions of willful misconduct and situations warranting dismissal are provided.
Corporate Social Responsibility presentation - BAF 2
This chapter discusses corporate social responsibility and related concepts. It defines corporate social responsibility as consisting of economic, legal, ethical and discretionary responsibilities. It differentiates social responsibility, which is about obligations, from social responsiveness, which is about taking action. Corporate social performance refers to the outcomes and results of corporate social activities. The chapter outlines the historical development of corporate social responsibility and provides arguments both for and against it. It also discusses the relationships between social performance and financial performance.
Corporate Social Responsibility
The document discusses corporate social responsibility (CSR) and defines it in 3 sentences or less at each level:
Level 1 CSR involves meeting basic legal and ethical standards and considering a company's social impacts. Level 2 looks at voluntary philanthropic activities like community development. Level 3 integrates CSR into the core business strategy through innovations that bring social and economic benefits.
Overview of corporate social responsibility final work
Corporate Social Responsibility (CSR) involves businesses self-regulating their activities to ensure they comply with ethical standards and consider impacts on stakeholders. CSR aims to benefit the environment, consumers, employees, communities, and other stakeholders. There are different approaches to CSR - from obstructionist (not behaving responsibly) to proactive (learning stakeholder needs and promoting their interests). CSR plays an integral role in business success by building reputation and contributing to society, though some argue it reduces profits or competency. Managers must adopt effective CSR strategies and consider both business needs and societal impacts.
Business case for corporate social responsibility ijmr
This document summarizes the history and evolution of the concept of corporate social responsibility (CSR). It discusses how CSR emerged in the post-World War II era and gained more attention in the 1960s due to social movements promoting civil rights, environmentalism, and consumers' rights. The document then outlines how CSR developed through the decades, with a growing focus on linking CSR to tangible business benefits and financial performance. It discusses the proliferation of research and frameworks on CSR and related concepts. The key topic discussed is the "business case" for CSR - the rationale for why companies should engage in CSR based on expected benefits like improved financial outcomes and competitiveness.
Business ethics-and-morality
The document discusses how business, government, and society objectives intersect and influence each other. It uses the example of a chocolate company, N&N, and explains that the company's goal is to maximize profits, society's goal is access to necessities like food and healthcare, and the government's goal is regulation for fairness and protection. The objectives are interrelated, as society wants food which benefits N&N's profits, and government ensures N&N operates ethically to not harm society or the environment. Three models are mentioned to explain how the objectives interact: market capitalism, state capitalism, and corporate social responsibility.
Presentation1
Philanthropic responsibilities refer to corporate actions that promote human welfare through contributions of financial resources or executive time to causes like education and the community. Ethical responsibilities encompass standards of fairness and protecting stakeholders' rights, even if not codified in law. Legal responsibilities reflect societal expectations for businesses to comply with laws and regulations. Economic responsibilities reflect the historical view of businesses as economic entities created to provide goods and services to consumers for an acceptable profit.
Socially Responsible Investing
Socially responsible investing (SRI) considers environmental and social factors when investing. SRI uses screening to invest more in companies with positive records and less in those with negatives ones. It also uses shareholder advocacy like proxy voting to encourage companies to improve. SRI has grown significantly over the past few decades and now manages over $2 trillion in assets, influenced by events like apartheid and corporate scandals.
Introduction dynamics strategic management
This document discusses strategic management and outlines several key topics related to developing strategies including analyzing the external environment, assessing available resources, identifying strategic issues, considering human resources, marketing, projects, and technology issues, making hard choices, and thinking about strategies for the future of a business in terms of risk, customers, innovation, and entrepreneurial ideas. Color-coded perspectives on strategic management are also mentioned.
DOKBAT 2016 presentation
Agent-Principal Problem, Stewardship Theory and Behavioural Agency Model in The Explanation of Family Business Performance
http://dokbat.utb.cz/2016/en_US/conference-proceedings/
More Related Content
What's hot
Final ugbs 207 lecture3
This document discusses stakeholder theory and management. It defines stakeholders as individuals or groups with interests in an organization, such as shareholders, employees, customers, and suppliers. There are often conflicting interests between stakeholders that companies must balance. Stakeholder management involves identifying stakeholder interests, assessing their importance based on power, legitimacy, and urgency, and developing strategies like involvement, monitoring, defense, or collaboration depending on their potential for threat or cooperation. The document outlines several theoretical models for conceptualizing stakeholder relationships and their implications for corporate social responsibility.
Corporate and Social Responsibility P1
The document discusses several concepts related to corporate social responsibility (CSR):
1. It presents different views on CSR, from the view that moral responsibility lies only with humans and not companies, to the view that ethics can allow companies to self-regulate.
2. It introduces the Carroll CSR model which outlines four types of social responsiveness: reaction, defense, accommodation, and proaction.
3. It discusses stakeholder theory and classifications of stakeholders from narrow to wide, primary to secondary, active to passive, voluntary to involuntary.
4. It mentions Mendelow's model for stakeholder mapping and references Donaldson and Preston's work.
Criticism on Carroll's Model
The document summarizes Carroll's model of corporate social responsibility and discusses subsequent models that built on his work. Carroll's model proposes that CSR has four components: economic, legal, ethical, and discretionary/philanthropic responsibilities. Later models refined Carroll's work, such as Wartick and Cochran who defined CSR using three dimensions: principles, processes, and outcomes. The document also discusses criticisms of Carroll's model and alternative models proposed by scholars like Schwartz and Carroll that address some limitations through a three domain approach.
BUSINESS ETHICS
Role stress and ethical dilemmas often arise from conflicts between job demands and responsibilities. Salespeople may face stress when customers expect incentives that go against company policy. An advertisement maker for Nuveen Investments faced a dilemma between being creative and potentially misleading viewers. Differential association theory suggests people learn ethics from those they interact with, so young managers may follow unethical superiors to show loyalty. Whistleblowers who expose wrongdoing often face negative consequences like job loss and threats.
Corporate Moral Development
This document discusses factors that influence the moral development of corporations and proposes a 5-stage model of corporate moral development. The stages progress from immoral organizations that prioritize profits over ethics to ethical organizations that balance profits and principles, making ethical decisions even at the expense of profitability. The moral maturity of an organization's leaders and culture determines its stage of development. Leaders set the moral tone and have great impact on shaping corporate culture and ethics.
Friedman vs Carroll, Social responsibility and Ethics in Strategic Management
The document summarizes the views of Milton Friedman and Archie Carroll on corporate social responsibility. Friedman argues that the sole social responsibility of business is to increase profits for shareholders within legal bounds. Carroll proposes that businesses have economic, legal, ethical and discretionary responsibilities, with economic responsibilities being the primary concern. The document also provides examples of companies that follow Friedman's view of focusing solely on profits, as well as examples of companies that demonstrate Carroll's view of broader corporate social responsibilities.
Case 43 unlicensed engineers 208690
Charles Landers, an unlicensed engineer and former employee of Constructing Engineers, is accused of falsifying documents and forging his partner Henry Wilson's signature. This case highlights the importance of professional ethics in business. While Landers claimed to be acting in the company's best interests, his actions lacked integrity and harmed his partner's profession. Upholding high moral standards and virtues is crucial for organizational success, as evidenced by this case of unprofessional conduct.
Corporate social responsiblity
The document discusses various perspectives on corporate social responsibility based on the author's reflections from lectures and readings. It addresses that (1) a single CSR standard cannot apply to all companies given differences in location, size, and resources, (2) companies pursuing green initiatives primarily for marketing purposes risks being counterproductive or disguising other issues, and (3) while corporate accountability is important, governments must still maintain meaningful power to prevent abuse and encourage fair competition.
Csr and ethics
This document discusses various models and perspectives on corporate social responsibility (CSR). It begins with an overview of CSR and definitions. It then examines five models of CSR: minimalist, self-interested, social contract, stakeholder management, and stakeholder stewardship. Each model is defined in terms of its premises and critiques of alternative models. Examples are provided for each model. The document also discusses the relationship between CSR and ethics, and managing ethics and social responsibility in organizations.
Social Responsibility by Aijaz Aryan
This document discusses social responsibility and business ethics. It defines social responsibility as voluntary efforts by businesses to benefit society. Arguments for and against social responsibility are provided, as well as different types of social responsibility like economic, legal, and discretionary. The document also discusses a business's responsibilities to various stakeholder groups and elements of establishing a business ethics program, including commitment from top management, a code of conduct, and compliance mechanisms. Factors that affect business ethics like personal, social, and industry values are also outlined.
Corporate Social Responsibility (CSR)
Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship or responsible business) is a form of corporate self-regulation integrated into a business model.
Csr & ethics
This document discusses corporate social responsibility and business ethics. It defines corporate social responsibility as actions a company takes to improve its impact on society and the environment. It notes that CSR refers to a company's obligations to protect and improve social welfare as well as its own interests. The document then lists several reasons why CSR is important, including maintaining a positive public image, avoiding government regulation, satisfying consumer awareness of rights, ensuring survival and growth by having community support, and satisfying employee expectations to boost productivity. It also defines ethics as moral judgments about right and wrong, distinguishing between personal and business ethics. Business ethics are the rules and principles formed by each company to guide decision making. The importance of business ethics is outlined as positively influencing employee commitment,
Discipline
This document discusses ethics and discipline in business. It defines business ethics as the application of moral principles to business dealings and interactions with stakeholders. Some common ethical dilemmas are discussed such as child labor, environmental protection, and testing medicine on vulnerable groups. Different approaches to ethics are outlined such as being purely amoral or legalistic versus taking an active interest in ethical issues. The importance of a code of ethics in guiding employee conduct and enhancing reputation is described. Measures for eliminating unethical practices like seminars on ethics and rewarding good behavior are suggested. The steps for conducting a disciplinary inquiry and definitions of willful misconduct and situations warranting dismissal are provided.
Corporate Social Responsibility presentation - BAF 2
This chapter discusses corporate social responsibility and related concepts. It defines corporate social responsibility as consisting of economic, legal, ethical and discretionary responsibilities. It differentiates social responsibility, which is about obligations, from social responsiveness, which is about taking action. Corporate social performance refers to the outcomes and results of corporate social activities. The chapter outlines the historical development of corporate social responsibility and provides arguments both for and against it. It also discusses the relationships between social performance and financial performance.
Corporate Social Responsibility
The document discusses corporate social responsibility (CSR) and defines it in 3 sentences or less at each level:
Level 1 CSR involves meeting basic legal and ethical standards and considering a company's social impacts. Level 2 looks at voluntary philanthropic activities like community development. Level 3 integrates CSR into the core business strategy through innovations that bring social and economic benefits.
Overview of corporate social responsibility final work
Corporate Social Responsibility (CSR) involves businesses self-regulating their activities to ensure they comply with ethical standards and consider impacts on stakeholders. CSR aims to benefit the environment, consumers, employees, communities, and other stakeholders. There are different approaches to CSR - from obstructionist (not behaving responsibly) to proactive (learning stakeholder needs and promoting their interests). CSR plays an integral role in business success by building reputation and contributing to society, though some argue it reduces profits or competency. Managers must adopt effective CSR strategies and consider both business needs and societal impacts.
Business case for corporate social responsibility ijmr
This document summarizes the history and evolution of the concept of corporate social responsibility (CSR). It discusses how CSR emerged in the post-World War II era and gained more attention in the 1960s due to social movements promoting civil rights, environmentalism, and consumers' rights. The document then outlines how CSR developed through the decades, with a growing focus on linking CSR to tangible business benefits and financial performance. It discusses the proliferation of research and frameworks on CSR and related concepts. The key topic discussed is the "business case" for CSR - the rationale for why companies should engage in CSR based on expected benefits like improved financial outcomes and competitiveness.
Business ethics-and-morality
The document discusses how business, government, and society objectives intersect and influence each other. It uses the example of a chocolate company, N&N, and explains that the company's goal is to maximize profits, society's goal is access to necessities like food and healthcare, and the government's goal is regulation for fairness and protection. The objectives are interrelated, as society wants food which benefits N&N's profits, and government ensures N&N operates ethically to not harm society or the environment. Three models are mentioned to explain how the objectives interact: market capitalism, state capitalism, and corporate social responsibility.
Presentation1
Philanthropic responsibilities refer to corporate actions that promote human welfare through contributions of financial resources or executive time to causes like education and the community. Ethical responsibilities encompass standards of fairness and protecting stakeholders' rights, even if not codified in law. Legal responsibilities reflect societal expectations for businesses to comply with laws and regulations. Economic responsibilities reflect the historical view of businesses as economic entities created to provide goods and services to consumers for an acceptable profit.
Socially Responsible Investing
Socially responsible investing (SRI) considers environmental and social factors when investing. SRI uses screening to invest more in companies with positive records and less in those with negatives ones. It also uses shareholder advocacy like proxy voting to encourage companies to improve. SRI has grown significantly over the past few decades and now manages over $2 trillion in assets, influenced by events like apartheid and corporate scandals.
What's hot (20)
Friedman vs Carroll, Social responsibility and Ethics in Strategic Management
Friedman vs Carroll, Social responsibility and Ethics in Strategic Management
Corporate Social Responsibility presentation - BAF 2
Corporate Social Responsibility presentation - BAF 2
Overview of corporate social responsibility final work
Overview of corporate social responsibility final work
Business case for corporate social responsibility ijmr
Business case for corporate social responsibility ijmr
Viewers also liked
Introduction dynamics strategic management
This document discusses strategic management and outlines several key topics related to developing strategies including analyzing the external environment, assessing available resources, identifying strategic issues, considering human resources, marketing, projects, and technology issues, making hard choices, and thinking about strategies for the future of a business in terms of risk, customers, innovation, and entrepreneurial ideas. Color-coded perspectives on strategic management are also mentioned.
DOKBAT 2016 presentation
Agent-Principal Problem, Stewardship Theory and Behavioural Agency Model in The Explanation of Family Business Performance
http://dokbat.utb.cz/2016/en_US/conference-proceedings/
039 agency vs stewardship theory
This document summarizes a study that tested competing theories about CEO governance structures - agency theory and stewardship theory. Agency theory predicts that separating the roles of CEO and board chair leads to higher shareholder returns, while stewardship theory predicts the opposite. The study compared shareholder returns for companies that had the same person as CEO and board chair versus companies that separated the roles, while controlling for industry and size. The results did not support agency theory and provided some support for stewardship theory.
Rethinking the social responsibility of business
The document discusses three perspectives on corporate social responsibility: Milton Friedman argues businesses should focus solely on maximizing profits for shareholders. TJ Rodgers of Cypress Semiconductor also believes increasing shareholder value contributes most to society. However, John Mackey of Whole Foods believes companies should create value for all stakeholders, including customers, employees, communities, and the environment. The document then analyzes the consequences of either taking a profit-centered approach like Friedman and Rodgers, or a customer-centered, stakeholder approach like Mackey's Whole Foods. It concludes that choosing a customer-centered business model that considers all stakeholders is a wiser, more ethical choice for long-term profitability and sustainability.
Business ethics unit 2
This document discusses concepts of corporate social responsibility and corporate citizenship. It addresses key debates around whether corporations have social responsibilities beyond profit generation for shareholders. It outlines Milton Friedman's argument that corporations only have economic responsibilities and discusses counterarguments that corporations can be morally responsible. The document also discusses stakeholder theory and how corporations affect and are affected by a wide range of stakeholders, not just shareholders. It examines different models of corporate social responsibility and citizenship, from limited views focused on philanthropy to extended views incorporating political and social dimensions.
The Social Responsibility Of Business by Milton Friedman
Milton Friedman argued in a 1970 New York Times article that a business's sole purpose is to generate profit for shareholders. He claimed that adopting "responsible" attitudes would constrain companies and make them less competitive. Friedman argued that acting in a socially responsible way, such as reducing pollution beyond profit-maximizing levels, amounts to executives acting as public employees by allocating corporate money to social causes rather than shareholders. However, others disagreed with Friedman's view, including the president of Quaker Oats, who said profit is not the only purpose of a business and that companies must consider returns on all assets, including natural resources.
Social Responsibility and Ethics in Business
This document provides an overview of social responsibility, ethics, and corporate social responsibility in business. It discusses key concepts such as:
1) Social responsibility means considering human rights and quality of life beyond just profits. Ethics refers to principles of right and wrong.
2) There are differing views on a firm's responsibilities. Friedman argued the sole responsibility is profit maximization, while Carroll proposed four responsibilities: economic, legal, ethical, and discretionary.
3) Stakeholders like customers, employees and communities are impacted by business decisions. Analysis involves identifying primary and secondary stakeholders and how strategies affect them.
Theories on organization management
This document provides an overview of various theories of organization and management. It begins with definitions of key terms like organization and organizational management. It then discusses the history and development of organizational theories from classical theories like scientific management and bureaucracy to modern theories like systems theory, contingency theory, and chaos theory. The document provides details on prominent theorists and their contributions to different theories. It aims to explain how theories have sought to conceptualize how organizations are designed, function, and are administered.
Mintzberg models of Strategic management
This document outlines Henry Mintzberg's concept of strategic management and modeling strategy. It discusses 10 schools of thought on strategy formation: design, planning, positioning, entrepreneurial, cognitive, learning, power, cultural, environmental, and configuration. Each school views strategy formation differently, such as a rational process, formal planning process, analytical process, or emergent and adaptive process. The document recommends that managers take a holistic view of strategic management that incorporates lessons learned over time, as the learning school emphasizes.
Agency & stewardship, A. Ghazinoori, Lecture 4, Advanced Theory in Organizati...
This document discusses four main streams of research on organizations: why firms exist, agency theory, strategic management theory, and cooperative organizational economics. It focuses on explaining agency theory and stewardship theory. Agency theory argues managers may act in their own self-interest rather than shareholders, while stewardship theory proposes managers act as stewards aligned with organizational objectives. The document compares the key assumptions and perspectives of agency theory versus stewardship theory on issues like human motivation, governance structures, and risk orientation.
Role of BODs in Corporate Governance
This document discusses the role of boards of directors in corporate governance. It begins by providing background on corporate governance and defining it. The objectives and principles of corporate governance are then outlined. This includes ensuring shareholder rights and equitable treatment, recognizing stakeholder interests, disclosure and transparency, and strategic guidance by the board. The roles and responsibilities of boards of directors are then discussed in more detail. The board is responsible for overseeing company activities and representing shareholder interests. Directors must act with care, loyalty and avoid conflicts of interest. The board provides strategic guidance, oversees management, and ensures accountability and shareholder value. Good corporate governance depends on effective board leadership, composition, roles and responsibilities.
BOARD OF DIRECTOR
The Board summarizes the key details from the document:
1) Arun Bansal and his wife filed a criminal complaint against Herdillia Unimers Ltd. claiming violation of Section 73 of the Companies Act for delayed refund of their application money for shares/debentures.
2) Herdillia Unimers Ltd. contended that as Bansals were not allotted shares/debentures and had received full refund including interest, no offence was committed.
3) The Rajasthan High Court quashed the criminal proceedings, stating that as Bansals were not shareholders, they were not competent to file a complaint in court against the company.
Board of Directors: Duties and Liabilities - Quick Guide
Board of Directors: Duties and Liabilities - Quick GuideStanford GSB Corporate Governance Research Initiative
The board of directors plays a central role in the corporate governance system. All countries require that publicly listed companies have a board. While their attributes vary across nations, they universally share common responsibilities.
This Quick Guide provides an introduction to the roles and responsibilities of the board of directors.
It answers the questions:
• What is the purpose of a board?
• How does a board function?
• What does it mean to be “independent”?
• What are the legal and fiduciary requirements?
For an expanded discussion, see Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences (Second Edition) by David Larcker and Brian Tayan (2015): http://www.gsb.stanford.edu/faculty-research/books/corporate-governance-matters-closer-look-organizational-choices
Buy This Book: http://www.ftpress.com/store/corporate-governance-matters-a-closer-look-at-organizational-9780134031569
For permissions to use this material, please contact: E: corpgovernance@gsb.stanford.edu
Copyright 2015 by David F. Larcker and Brian Tayan. All rights reserved.Social responsibility
Social responsibility of business towards different sections of society .Reasons for the development of social responsibility concept,Arguments against social responsibility,
Social activities undertaken by some companies
SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATION
The document discusses the social responsibilities of management from both traditional and modern views. It outlines the responsibilities that businesses have towards their various stakeholders, including owners/shareholders, employees, customers, government, society, and other businesses. Specifically, it notes responsibilities around fair treatment, lawful and ethical behavior, community support, and maximizing efficiency and shareholder value.
Techniques for Forecasting Human Resources
This document outlines 14 techniques that can be used for forecasting human resource needs, including managerial judgment, trend analysis, ratio analysis, scatter plots, computerized forecasting, work study techniques, the Delphi technique, regression analysis, econometric models, nominal group technique, HR budget and planning analysis, scenario forecasting, workforce analysis, and job analysis. Each technique is briefly described in 1-2 sentences.
Corporate Governance
The document discusses various aspects of corporate governance including:
1. The history and key concepts of corporate governance such as the separation of ownership and control.
2. The roles of boards of directors, accountants, banks, creditors, shareholders and regulations in ensuring good corporate governance.
3. Emerging issues like the Sarbanes-Oxley Act and reforms in the Philippines.
Mapping Roles and Responsibilities for Social Media Risk Management
Social media has quickly proven to be a tremendous resource for marketing, human resources, support, and many other business functions. However, that same communications tool can also introduce a significant amount of risk to an organization – risk to corporate compliance, from security threats, employee error and abuse, and much more.
View the slides from Alan Webber, Principal at Asymmetric Insights, John Hair, Director, IT Advisory for KPMG, Chris Walker, Partner at Connect Marketing, and Devin Redmond, Co-Founder & CEO of Nexgate and their webcast on organizational roles and responsibilities in social risk management. Our expert panel shared their insights into how to define and manage enterprise social risk across your social media marketing teams.
You can watch a recording of the webcast here: http://nexgate.com/resources/webcast-roles-and-responsibilities-for-social-risk-management/
Corporate governance ppt mba
Corporate governance refers to the structures and processes used to direct and manage companies in the interests of all stakeholders. The basic principles of corporate governance include accountability, transparency, fairness, integrity, responsibility and commitment. Good corporate governance enhances company performance, access to capital, and long-term prosperity while providing barriers against corruption. Both public and private sectors benefit from good corporate governance through better management, resource allocation, and reduced financial risk.
Forecasting Techniques
Interventions required to meet business objectives - from Forecasting Methods,
Forecast Accuracy / Error Reduction,
Integrate – Sales Forecast / Production to undertaking a CPFR
Viewers also liked (20)
The Social Responsibility Of Business by Milton Friedman
The Social Responsibility Of Business by Milton Friedman
Agency & stewardship, A. Ghazinoori, Lecture 4, Advanced Theory in Organizati...
Agency & stewardship, A. Ghazinoori, Lecture 4, Advanced Theory in Organizati...
Board of Directors: Duties and Liabilities - Quick Guide
Board of Directors: Duties and Liabilities - Quick Guide
Mapping Roles and Responsibilities for Social Media Risk Management
Mapping Roles and Responsibilities for Social Media Risk Management
Similar to 2.Corporate Social Responsibility & Corporate Responsiveness[1]
CSR
Corporate social responsibility refers to a company's obligation to consider the impact of its actions on stakeholders, including legal, ethical, economic, and philanthropic responsibilities. Legally, companies must obey laws and regulations. Ethically, they should meet societal expectations and norms. Economically, companies are responsible for how they distribute resources and goods. Philanthropically, businesses can make strategic donations and support causes through marketing to benefit society. Overall, corporate social responsibility describes the multiple responsibilities businesses have beyond maximizing profits alone.
Illustrate the importance of societal wealth ventures, social respon.pdf
Illustrate the importance of societal wealth ventures, social responsibility, community outreach,
and giving back to the community in order to ensure balance between private and societal
interests
Solution
Although the activity of social responsibility is benefit for both social and business
organizational, the arguments for and against business social responsibility exist. There are
several reasons of agreement of the activity.
1 Best Interest of Business to Promote and Improve the Communities
Organizations, as members of society, have a moral obligation to help society deal with its
problems and to contribute to its welfare. It is the ethical thing to do by the business
organizations. A measurement should be made of whether the organization is performing such
activities as producing goods and services that people need, creating jobs for society, paying fair
wages, and ensuring worker safety.
People and organizations need each other. Social responsibility to employees extend beyond
terms and conditions of the formal contract of employment and give recognition to the workers
as a human being. People today have wider expectations of the quality of working life, included
justice is treatment, opportunities for consultation and participation, training in new skill and
technologies, effective personal and industrial relations policies, and provision of social and
leisure facilities. Organization should be, for example, give due consideration to the design of
work organization and job satisfaction, make very reasonable effort to give security of
employment, and provide employment opportunities for minority groups.
A number of leading companies have taken steps to develop more ethical cultures and system by
involving individual employees in corporate affairs. To provide or support some benefits to the
workers will lead to a good communities in the business organizations. Good communication in
the internal business would be leads to avoid miss understanding of each other. The workers
would then enjoy their work and work out more efficiency. The quality of goods and services of
the organization therefore increase. This will lead to profitable to the organization\'s business.
Therefore, the social responsibility is important in internal environment of the business too.
2 Improves Public Image of the Firm
To many people, responsibilities to consumers may be seen as no more than a natural outcome of
good business. There are, however, broader social responsibilities including providing good
value for money; the safety and durability of products or services; standard of after-sales service;
prompt and courteous attention to queries and complaints; long-term satisfaction, for example
serviceability, adequate supply of products or services, and spare and replacement parts; fair
standards of advertising and trading; full and unambiguous information to potential customers.
Increasing concern for social responsibilities to consumers can be seen by the activiti.
The Corporation And Its Stakeholders
The document discusses stakeholders and sustainability. It defines stakeholders as any group affected by a company's decisions and divides them into market and non-market stakeholders. It argues that companies should identify relevant stakeholders, understand their interests and power, and engage with them to learn expectations and find solutions. Engaging stakeholders can help companies improve reputation and gain support while mitigating critics. The challenges are that stakeholders are complex and changing over time and technology.
In recent decades, climate change, globalisation and business .docx
The document discusses corporate social responsibility (CSR), which has become increasingly important for large companies. CSR includes adhering to regulations, considering a company's roles and impact on society/environment, and promoting social progress due to corporate dependence on society. Supporters see CSR as obligatory, while opponents argue a company's only purpose is to increase shareholder wealth. The document evaluates CSR benefits like competitive advantage and positive stakeholder reactions. However, critics argue CSR is an unrealistic expectation, and some use it for public relations rather than meaningful social/environmental goals. Overall, the document examines both sides of the CSR debate.
Corporate Social Responsibility
Four Indian business leaders were named among the top philanthropists by Forbes. India was ranked fourth among Asian countries for corporate social responsibility disclosure. The Tamil Nadu government awarded corporations for their social responsibility efforts. CSR involves businesses managing their operations to have an overall positive societal impact and includes voluntary activities and charitable efforts.
business and societies - possibilities and linkages -----by sumit mukherjee,N...
The document discusses the concepts of corporate social responsibility (CSR) and business ethics. It provides definitions of CSR and explains that while CSR activities and ethics are linked, CSR does not guarantee ethical behavior. The document also outlines various reasons for companies to engage in CSR activities and discusses frameworks for integrating social objectives and business goals. It notes the influence of culture and top management on organizational ethics.
Assignment CSR and Marketing Approaches
The document discusses corporate social responsibility and strategies for integrating CSR with marketing. It first outlines three approaches to integration - the integrated approach, selective approach, and invisible approach. It then analyzes four social philosophies (utilitarianism, libertarianism, new liberalism, and communitarianism) and the approaches and issues they present for companies in defining their CSR strategies. Case studies are also examined that provide examples of how CSR policies can be developed and potential conflicts that may affect a company's strategy.
Presentation2
Corporate social responsibility (CSR) refers to companies considering social and environmental impacts in their business operations and stakeholder interactions. Strategic CSR allows companies to balance economic and societal value creation, manage stakeholder relationships, and develop sustainable practices. Integrating CSR into strategic management requires companies to consider their economic, legal, ethical, and discretionary social responsibilities. This can provide competitive advantages like customer loyalty. A company's mission statement should reflect its ethical standards and stakeholder concerns. Effective CSR integration involves embedding ethics into organizational culture, diagnosing social responsibilities, and generalizing the CSR approach throughout company activities.
Presentation2
Corporate social responsibility (CSR) refers to companies considering social and environmental impacts in their business operations and stakeholder interactions. Strategic CSR allows companies to balance economic and societal value creation, manage stakeholder relationships, and develop sustainable practices. Integrating CSR into strategic management requires companies to consider their economic, legal, ethical, and discretionary social responsibilities. This can provide competitive advantages like customer loyalty. A company's mission statement should reflect its ethical standards and stakeholder concerns. Effective CSR integration involves embedding ethics into organizational culture, diagnosing social responsibilities, and generalizing the CSR approach throughout company activities.
Final ugbs 207
Corporate social responsibility emerged in the 1960s as companies faced increasing pressure to address harmful impacts of their operations. CSR involves voluntary commitments by companies beyond legal and economic obligations. It can be defined as accommodating corporate behavior to societal values and expectations. There are various approaches to CSR, including Milton Friedman's view that a company's only responsibility is to increase profits legally, and Archie Carroll's view that companies have economic, legal, ethical, and discretionary responsibilities. Arguments for and against CSR center around profit maximization, resource fit, and lack of accountability.
Final ugbs 207
- CSR emerged in the 1960s as companies faced increasing pressure to address harmful impacts of operations traditionally handled by governments.
- CSR can be defined as accommodating corporate behavior to societal values and expectations beyond legal and economic requirements.
- There are arguments both for and against CSR, relating to profit maximization, resource fit with social issues, and lack of corporate accountability. However, CSR can also improve corporate image, attract employees, and minimize government intervention.
chapter2-stakeholderrelationshipssocialresponsibilityandcorporategovernanceau...
This chapter discusses stakeholder relationships, social responsibility, and corporate governance. It first identifies stakeholders' roles in business ethics and examines how a stakeholder framework can help understand organizational ethics. It then defines social responsibility and examines the relationship between having a stakeholder orientation and social responsibility. Key topics covered include identifying stakeholders, social issues in responsibility, sustainability, and the role of corporate governance in providing formal responsibility to stakeholders. Implementing a stakeholder perspective involves assessing corporate culture, identifying stakeholders, issues, commitment levels, and gaining stakeholder feedback.
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...Firdaus Fitri Zainal Abidin
This chapter discusses stakeholder relationships, social responsibility, and corporate governance. It identifies stakeholders' roles in business ethics and examines the relationships between businesses and stakeholder groups. It then defines social responsibility and examines how a stakeholder orientation relates to social responsibility and corporate social responsibility. The chapter also discusses corporate governance and its role in structuring ethics and responsibility. It outlines the steps to implementing a stakeholder perspective to create social responsibility and ethical decisions.Lesson 5
Corporate social responsibility refers to businesses having an obligation to work for social betterment beyond just increasing profits. While traditionally the view was that businesses only responsibility was to shareholders, the contemporary view is that as influential members of society, businesses are responsible for helping maintain and improve overall welfare. Businesses have accountability to key stakeholders like shareholders, employees, customers, creditors/suppliers, society, and government. Strategies for social responsibility range from proactive initiatives to meet all responsibilities to defensive approaches that do just the legal minimum.
8Corporate social responsibility
This document provides an overview of corporate social responsibility (CSR). It defines CSR as an organization's obligations to both internal and external stakeholders that may extend beyond legal and economic responsibilities. The document outlines several models for understanding the scope and dimensions of CSR, including its economic, legal, ethical, and discretionary responsibilities. It also discusses the importance of identifying key social issues, conducting social audits, and strategically managing an organization's social responsiveness over time. In summary, the document frames CSR as a multifaceted concept that considers business's roles and impacts on society, stakeholders, and the environment.
A Stakeholder Management Model For Ethical Decision Making
This document discusses a stakeholder management model for improving ethical decision making in organizations. It presents key concepts from stakeholder theory and analyzes the implications for management. Stakeholder theory defines stakeholders broadly as any group or individual affected by or able to affect the organization. The paper introduces the concept of a "stakeholder corporation" whose management has fiduciary duties to all stakeholders, not just shareholders. It also discusses instrumental and normative approaches to stakeholder management and presents a ten-step model for identifying and responding to stakeholder interests to improve organizational decision making.
11.vol 0003www.iiste.org call for paper no 2 pp 180-201
This document discusses corporate social responsibility (CSR) initiatives of major fast-moving consumer goods (FMCG) companies in India. It begins with an abstract that notes CSR initiatives in India typically focus on environment, health, education, community welfare, and women's empowerment. It then provides context on CSR frameworks and ratings. Major Indian FMCG companies like Hindustan Unilever are highlighted as doing work in areas like CO2 reduction. The Karmayog CSR rating system is discussed as a way to evaluate companies' CSR performance. Appendices provide more details on the top three Indian FMCG companies' overall CSR initiatives.
SOCIAL ENTERPRISE RISK MANAGEMENT MODEL
This document discusses risk management in social enterprises. It analyzes two social enterprise case studies, Apex Leicester Project Ltd and Upturn Enterprise Ltd, using qualitative data and the MITRE risk management model. The study found that social enterprises manage risks by identifying risk events through environmental scanning, assessing impacts, prioritizing risks, and monitoring and managing risks to an acceptable level. It recommends full participation of all staff in risk identification and management.
Social responsibility of business
This document discusses the concept of social responsibility of businesses. It defines social responsibility as an entity's responsibility to consider the interests of society through its activities and impact. Corporate social responsibility refers to organizations voluntarily taking steps to improve life for stakeholders like employees, communities, and the environment. The document also discusses models of social responsibility put forward by scholars like Carroll and Halal. It examines factors influencing businesses' social orientation and perspectives both supporting and opposing the idea of social responsibility.
Corporate social responsibility and Green washing
1) Corporate social responsibility (CSR) refers to a company's responsibility for how its actions impact society and the environment. It involves transparent and ethical behavior that considers stakeholders and is compliant with laws.
2) There are arguments for and against CSR. Arguments against include that companies only responsibility is to maximize profits, and they are not equipped to handle social issues. Arguments for include that CSR is in companies' long-term self-interest and can reduce costs and risks.
3) Greenwashing refers to misleading communications about a company's environmental practices or a product's environmental benefits to present an overly positive image. It is a risk of CSR that companies may pursue it for marketing rather than performance reasons.
Similar to 2.Corporate Social Responsibility & Corporate Responsiveness[1] (20)
Illustrate the importance of societal wealth ventures, social respon.pdf
Illustrate the importance of societal wealth ventures, social respon.pdf
In recent decades, climate change, globalisation and business .docx
In recent decades, climate change, globalisation and business .docx
business and societies - possibilities and linkages -----by sumit mukherjee,N...
business and societies - possibilities and linkages -----by sumit mukherjee,N...
chapter2-stakeholderrelationshipssocialresponsibilityandcorporategovernanceau...
chapter2-stakeholderrelationshipssocialresponsibilityandcorporategovernanceau...
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...
Chapter 2 Stakeholder Relationships, Social Responsibility, & Corporate Gover...
A Stakeholder Management Model For Ethical Decision Making
A Stakeholder Management Model For Ethical Decision Making
11.vol 0003www.iiste.org call for paper no 2 pp 180-201
11.vol 0003www.iiste.org call for paper no 2 pp 180-201
More from lkrohilkhand
Tqm
Total quality management (TQM) is a management approach focused on quality that involves all members of an organization. It aims for long-term success through customer satisfaction and benefits for all stakeholders. TQM embeds quality awareness into all organizational processes. It has been widely used in manufacturing, education, call centers, government, and service industries. TQM principles include continuous improvement, employee involvement, a focus on meeting customer needs and processes, and leadership commitment.
Or
The document contains numerical problems related to inventory management and economic order quantity (EOQ). It provides data on annual demand, ordering costs, carrying costs, and unit purchase prices. It then shows the calculations to determine the EOQ, total annual costs, number of orders, and time between orders for each problem. The optimal order quantities and costs are identified based on minimizing total annual inventory costs.
Montague
The document discusses standards for enabling supply chain collaboration, including papiNet and RosettaNet standards. It describes the goals of papiNet which include improving communication throughout the supply chain, increasing efficiencies, and supporting interoperability among trading partners. The benefits of standards are outlined as simplified processes for dealing with suppliers/customers, reduced manual work and errors, and more real-time information exchange.
Methods Of Training And Development
The document discusses different methods of training and development, including traditional and modern approaches. It describes cognitive methods that focus on changing knowledge and attitudes through lectures, demonstrations, discussions, and computer-based training. Behavioral methods allow trainees to learn skills through simulations, games, role plays, case studies, and equipment simulators. Development methods include on-the-job training techniques like coaching, mentoring, and job rotation, as well as off-the-job training like sensitivity training and transactional analysis.
Merger And Aquisition
This document discusses the motives and some examples of mergers and acquisitions (M&A). Key motives for M&A include gaining a competitive advantage by reducing competitors, combining resources that were previously locked with one company, achieving vertical integration, and realizing economies of scale. Some notable M&A deals mentioned are Tata Steel merging with Corus to become the 5th largest steel company, Mittal Steel merging with Arcelor, AOL acquiring Time Warner, and Hindalco taking over Novelis. Potential problems with M&A mentioned are changes to corporate culture and incompatibility of resources between merging companies.
Lg
LG Electronics India Pvt Ltd is located in Greater Noida, Uttar Pradesh. It was established in 1997 and has manufacturing units in Greater Noida and Pune that produce products like LCD TVs, air conditioners, refrigerators, and mobile phones. LG aims to provide high quality, innovative products and services to customers to improve their lives.
Inventory Control
Inventory is essential for organizations to operate smoothly but controlling inventory is important to balance operations and demand. There are different types of inventory including raw materials, work in progress, and finished goods. Managing inventory effectively requires considering various costs like purchasing, setup, holding, and shortage costs. Classification techniques help analyze which items have the highest costs and value to focus inventory control efforts.
Group Discussions
Group discussions (GDs) are an important part of many job interview processes. They involve putting 5-15 candidates together in a room to discuss a given topic for 20-30 minutes while being observed by recruiters. GDs can be moderated, with a moderator prompting discussion, or non-moderated. Preparing for GDs involves learning about potential topics, practicing applying knowledge, and developing strong active listening and discussion skills. Key guidelines for non-moderated GDs include staying focused on the topic, listening to others before speaking, avoiding domination of airtime, and reaching a group conclusion.
Economics Presentation
The US recession of 2008 was primarily caused by the subprime mortgage crisis, as mortgages were given to risky borrowers who could not afford them. Additionally, high oil prices and a declining US dollar value contributed to the recession. To avoid future recessions, countries should manage external debts carefully, build up foreign reserves, and ensure transparency in financial systems and policies around taxes and subsidies.
27
The document summarizes the journey of Azim Premji from taking over his father's small vegetable oil company in 1966 to transforming it into a global software company. It details how Premji had no business experience but was determined to prove wrong a shareholder who said he would run the company to the ground. Through hard work and an empowerment strategy, Premji grew the company and eventually earned a bachelor's degree in engineering from Stanford in 2000, transforming from a vegetable oil mill into a global software powerhouse.
Presentation1
1) An officer analyzed fatal accident data from 2001-2006 across several Indian states to determine if the average number of accidents was equal among states. ANOVA results showed no significant difference between states.
2) Income tax authorities analyzed duties paid by three public sector oil companies to determine if the averages were equal. ANOVA results found no significant difference between companies.
3) Power corporation analyzed electricity utilization data across three states to decide where to set up a new plant. ANOVA results showed a significant difference between states, suggesting the corporation should consider setting up a new plant in states with higher utilization.
Qmm
The document reports on an analysis of parenting skills survey data from 7 mothers and 7 fathers. An ANOVA was conducted to test the hypothesis that mothers are more likely to be successful parents than fathers. The ANOVA results showed that the calculated F value of 8.947 was greater than the critical F value of 3.18, so the null hypothesis was rejected. This provides evidence that mothers and fathers differ in their parenting skills scores, with mothers having higher average scores.
Private Label 2
The document discusses private label products, which are store brand or generic brand alternatives to national brands sold in retail stores. Private labels allow retailers to earn higher margins than branded products and give them an advantage over branded manufacturers. As the middle class grows in India and lifestyles and consumer preferences change, demand for private label products is increasing faster than national brands. Retailers can expand their private label offerings and markets by ensuring quality, developing value-added regional products, and lobbying the government to include private label pulses in welfare programs.
Ford 5
Ford Motors is working to address falling car sales and increased competition. It has cut 40,000 jobs in recent years and closed several plants in North America. Ford is focusing on developing more fuel-efficient vehicles and expanding into growth markets like China, India, and South America. It has also formed strategic partnerships with universities in China to support research and develop cars tailored for the Chinese market.
fascial policy
This document appears to be a project report submitted by students to their faculty member on the topic of Indian fiscal policy and changing tax structures. It includes an acknowledgment thanking the faculty member for the project assignment. The index lists various sections of the report, including introductions to fiscal policy, instruments of fiscal policy like the budget and taxation, discretionary versus non-discretionary fiscal policy, effectiveness of fiscal policy, and fiscal deficits over the past 12 years. The introduction provides an overview of the role and objectives of fiscal policy in developing economies.
Action Construction
1) ACE Ltd is a leading manufacturer of mobile cranes in India, established in 1996, with 5 plants spread over 100 acres and 50% market share.
2) Its mission is to produce cost-effective, high quality construction equipment and provide product support to become a leading Indian manufacturer and exporter.
3) The construction equipment sector in India is growing at 30% annually and constitutes 11% of India's GDP, with ACE's competitors including Larsen & Toubro and JCB.
More from lkrohilkhand (16)
Recently uploaded
Bed Making ( Introduction, Purpose, Types, Articles, Scientific principles, N...
Topic : Bed making
Subject : Nursing Foundation
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
Solutons Maths Escape Room Spatial .pptx
Solutions of Puzzles of Mathematics Escape Room Game in Spatial.io
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Denis is a dynamic and results-driven Chief Information Officer (CIO) with a distinguished career spanning information systems analysis and technical project management. With a proven track record of spearheading the design and delivery of cutting-edge Information Management solutions, he has consistently elevated business operations, streamlined reporting functions, and maximized process efficiency.
Certified as an ISO/IEC 27001: Information Security Management Systems (ISMS) Lead Implementer, Data Protection Officer, and Cyber Risks Analyst, Denis brings a heightened focus on data security, privacy, and cyber resilience to every endeavor.
His expertise extends across a diverse spectrum of reporting, database, and web development applications, underpinned by an exceptional grasp of data storage and virtualization technologies. His proficiency in application testing, database administration, and data cleansing ensures seamless execution of complex projects.
What sets Denis apart is his comprehensive understanding of Business and Systems Analysis technologies, honed through involvement in all phases of the Software Development Lifecycle (SDLC). From meticulous requirements gathering to precise analysis, innovative design, rigorous development, thorough testing, and successful implementation, he has consistently delivered exceptional results.
Throughout his career, he has taken on multifaceted roles, from leading technical project management teams to owning solutions that drive operational excellence. His conscientious and proactive approach is unwavering, whether he is working independently or collaboratively within a team. His ability to connect with colleagues on a personal level underscores his commitment to fostering a harmonious and productive workplace environment.
Date: May 29, 2024
Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
-------------------------------------------------------------------------------
Find out more about ISO training and certification services
Training: ISO/IEC 27001 Information Security Management System - EN | PECB
ISO/IEC 42001 Artificial Intelligence Management System - EN | PECB
General Data Protection Regulation (GDPR) - Training Courses - EN | PECB
Webinars: https://pecb.com/webinars
Article: https://pecb.com/article
-------------------------------------------------------------------------------
For more information about PECB:
Website: https://pecb.com/
LinkedIn: https://www.linkedin.com/company/pecb/
Facebook: https://www.facebook.com/PECBInternational/
Slideshare: http://www.slideshare.net/PECBCERTIFICATION
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective UpskillingExcellence Foundation for South Sudan
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
Physical pharmaceutics notes for B.pharm students
ANATOMY AND BIOMECHANICS OF HIP JOINT.pdf
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
How to Setup Warehouse & Location in Odoo 17 Inventory
In this slide, we'll explore how to set up warehouses and locations in Odoo 17 Inventory. This will help us manage our stock effectively, track inventory levels, and streamline warehouse operations.
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
clinical examination of hip joint (1).pdf
described clinical examination all orthopeadic conditions .
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...Nguyen Thanh Tu Collection
https://app.box.com/s/tacvl9ekroe9hqupdnjruiypvm9rdaneLeveraging Generative AI to Drive Nonprofit Innovation
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
Hindi varnamala | hindi alphabet PPT.pdf
हिंदी वर्णमाला पीपीटी, hindi alphabet PPT presentation, hindi varnamala PPT, Hindi Varnamala pdf, हिंदी स्वर, हिंदी व्यंजन, sikhiye hindi varnmala, dr. mulla adam ali, hindi language and literature, hindi alphabet with drawing, hindi alphabet pdf, hindi varnamala for childrens, hindi language, hindi varnamala practice for kids, https://www.drmullaadamali.com
Recently uploaded (20)
Bed Making ( Introduction, Purpose, Types, Articles, Scientific principles, N...
Bed Making ( Introduction, Purpose, Types, Articles, Scientific principles, N...
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) Curriculum
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
Your Skill Boost Masterclass: Strategies for Effective Upskilling
Your Skill Boost Masterclass: Strategies for Effective Upskilling
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
NEWSPAPERS - QUESTION 1 - REVISION POWERPOINT.pptx
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
RHEOLOGY Physical pharmaceutics-II notes for B.pharm 4th sem students
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
Traditional Musical Instruments of Arunachal Pradesh and Uttar Pradesh - RAYH...
Pengantar Penggunaan Flutter - Dart programming language1.pptx
Pengantar Penggunaan Flutter - Dart programming language1.pptx
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
BÀI TẬP BỔ TRỢ TIẾNG ANH LỚP 9 CẢ NĂM - GLOBAL SUCCESS - NĂM HỌC 2024-2025 - ...
Leveraging Generative AI to Drive Nonprofit Innovation
Leveraging Generative AI to Drive Nonprofit Innovation
2.Corporate Social Responsibility & Corporate Responsiveness[1]
- 1. Presented by:- Love kush(2K81M49) Aman raj(2K81M04)
- 8. The multiple responsibilities of business