Examine the concepts of the social entrepreneur and the social business
Explore the mind-set of social entrepreneurs
Introduce the concept of ecopreneurship
Define the term ethics and the implications for entrepreneurs
Examine environmental crime and its temptations for entrepreneurs
Examine cross-cultural concepts of ethics and corruption
Examine the ethics of criminal entrepreneurs and their similarities to other entrepreneurs
Focus on the challenges that face disadvantaged entrepreneurs
Examine the concepts of the social entrepreneur and the social business
Explore the mind-set of social entrepreneurs
Introduce the concept of ecopreneurship
Define the term ethics and the implications for entrepreneurs
Examine environmental crime and its temptations for entrepreneurs
Examine cross-cultural concepts of ethics and corruption
Examine the ethics of criminal entrepreneurs and their similarities to other entrepreneurs
Focus on the challenges that face disadvantaged entrepreneurs
Marketing ethics and social responsibility | Criticisms of MarketingGaditek
Identify the major social criticisms of marketing.
Define consumerism and environmentalism and explain how they affect marketing strategies.
Describe the principles of socially responsible marketing.
Explain the role of ethics in marketing.
Safety 2012 producing a sustainability report session 654FayFeeney
Presentation delivered at the ASSE 2012 Professional Development Conference. Not for commercial use. Please email fay@riskforgood.com with any questions.
“Business Ethics and CSR education towards building a holistic Business education program. How education can help elevate the business ethics situation in Bangladesh.
Define business ethics
Why its important for business
What is an ethical business
Ethical challenges for business
Identifying ethical issues in business
Rationalization
Marketing ethics and social responsibility | Criticisms of MarketingGaditek
Identify the major social criticisms of marketing.
Define consumerism and environmentalism and explain how they affect marketing strategies.
Describe the principles of socially responsible marketing.
Explain the role of ethics in marketing.
Safety 2012 producing a sustainability report session 654FayFeeney
Presentation delivered at the ASSE 2012 Professional Development Conference. Not for commercial use. Please email fay@riskforgood.com with any questions.
“Business Ethics and CSR education towards building a holistic Business education program. How education can help elevate the business ethics situation in Bangladesh.
Define business ethics
Why its important for business
What is an ethical business
Ethical challenges for business
Identifying ethical issues in business
Rationalization
Challenges Of Corporate Social ResponsibilityElijah Ezendu
Issues in development of workable corporate social responsibility strategy and resolution of awe-inspiring stance for championing effective governance.
CSR is a process by which an organization thinks about and evolves its relationships with stakeholders for the common good and demonstrates its commitment in this regard by adoption of appropriate business processes and strategies. Thus, CSR is no charity or mere donations.
CSR is a way of conducting business, by which corporate entities visibly contribute to the social good. Socially responsible companies use CSR to integrate economic, environmental and social objectives with the company’s operations and growth.
Many other names are used to refer to CSR such as socially responsible business, responsible business conduct, responsible entrepreneurship, corporate citizenship, corporate accountability or corporate sustainability.
It is the continuing commitment by businesses to behave ethically & contribute to economic development while improving the quality of life of the workforce & their families ,local communities and the society at large
CSR requires companies to acknowledge that they should be publicly accountable not only for their financial performance but also for their social and environmental record.
It encompasses the extent to which companies should promote human rights, democracy, community improvement and sustainable development objectives throughout the world.
CSR is the commitment of businesses to contribute to sustainable economic development working with employees, their families, the local community and society at large to improve their quality of life in ways that are both for business and good for international development
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Role of executives in building effective and sustainable organizations, Standards and code of conduct appropriate to professionals in the sector, Accountability and “managing the mission”, Volunteerism, conflicts of interest in various situations. Roles of Non-Profit organizations in the public policy framing process, Examples of Key public policies, Ethical issues, in management of NPOs, developing a sustainable business model based on the social need
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What is the CSR | Types of CSR | benefit's of CSR | History of CSRKaranShaw10
Corporate Social Responsibility Is A Management Concept Whereby Companies Integrate Social And Environmental Concerns In Their Business Operations And Interactions With Their Stakeholders.
Corporate Social Responsibility (CSR) is the idea that a company should focus on more than just the bottom line by also investing in its people and the community. Most business leaders support this idea, however there are some questions about how companies should be investing in CSR and what that investment should look like in today’s society.
In this 2-hour interactive session, you will join CSR Consultants Cliff Yee and Carol Chin-Fatt from Raffa, P.C. to explore effective, impactful CSR strategies for small businesses. Topics and discussion will include: the broad scope of CSR, case studies to illustrate best practices, how and why you should create a purpose-driven culture, and how to craft and implement the right tactics for your organization.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
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2. Corporate Social Responsibility
Concensus Definition
Obligations of the firm to the society
Precise Definition
CSR is understood to be the way firms
integrate social, environmental and
economic concerns into their
values, culture, decision
making, strategy, operations n a transparent
and accountable manner and thereby
establish better practices within the
firm, create wealth and improve society
Concise Definition
Beyond law commitments and activities
pertaining to a wide range of programs
It Encompasses
► Corporate Governance and ethics programs
► Health, safety and environment programs
► Human and labor rights
► Human resource management policies
► Community involvement
► Respect for indigenous groups and minorities
► Corporate philanthropy and employee
volunteering
► Principles of fair competition, anti-bribery
and anti-corruption measures
► Accountability, transparency and
performance reporting
► Responsible supplier relations
2
3. Mainstreaming
That the activity under consideration is
seen to be on the company’s agenda in
a legitimate, credible and ongoing
manner and it is incorporated into day-to-
day activities in appropriate and relevant
ways.
For something to be mainstreamed it
needs to be included in the company’s
Policy development
Technical tools
Performance measures
Political agenda setting processes
Coupled
(Well funded, Highly
visible, firm’s identity)
Decoupled
(Short term, easily
terminated, not
diffused in other
aspects)
3
4. Human Rights
Principle 1: Businesses should
support and respect the
protection of internationally
proclaimed human rights
Principle 2: make sure that
they are not complicit in
human rights abuses
Labour
Principle 3: businesses should
uphold the freedom of association
and the effective recognition of
the right to collective bargaining;
Principle 4: the elimination of all
forms of forced and compulsory
labour;
Principle 5: the effective abolition
of child labour
Principle 6: the elimination of
discrimination in respect of
employment and occupation
4
5. Environment
Principle 7: Businesses should
support a precautionary approach
to environmental challenges
Principle 8: undertake initiatives to
promote greater environmental
responsibility
Principle 9: encourage the
development and diffusion of
environmentally friendly
technologies.
Anti-corruption
Principle 10: businesses
should work against
corruption in all its
forms, including extortion
and bribery
5
6. CSR Literature
•Focused on how customers respond to CSR at individual level
•CSR have positive effect on consumer's attitude
Research emanating
from Marketing
•Whether the firm should engage in CSR and its effect on
financial bottom line
•Positive relationship between CSR and profitability
•Jantzi Social Index
Research emanating
from Management
Literature
Different views on CSR
Milton Friedman’s View
► Maximize wealth
► Enterprise dependent and accountable to stakeholders
► Firms go through different stages of CSR: Elementary, transformational, value-led programs
6
7. Vogel’s Conceptualization
CSR activity as a function of an external
market for virtue
Markets vary in their demand for CSR:
Socially conscious market& Social
Economic Market
Firms may vary in their inclination towards
CSR performance: CSR sensitive suppliers
& Business as Usual Suppliers
Existence of Heterogeneity in market
demand and supply
Society has created varying demand for
business virtue & firms have responded,
rewarded accordingly
7
9. Business Case Model
CSR relevant when it translates to a competitive advantage to the firm
Characterstics
Existence of standards so that socially conscious consumers have a decision criteria
CSR does not raise the consumer’s price drastically
Enabled the company to leverage its core competence in a manner that expands the market for CSR
Mainstreaming CSR means aggressively pursuing business opportunities with a CSR dimension
CSR entrepreneurs in these firms only use economic arguments to advocate CSR
CSR efforts restricted to organizational silos where business case is clear
Employees perceived the firm’s commitment as less than genuine
9
10. Social Values led Model
CSR defined around a particular social issue
Mainstreamed as a force that drove the organization
Noneconomic criteria and the stakeholders associated with them are dominant
Economic criteria and external market for virtue are irrelevant
It is a hybrid organization between for-profit and non-profit sectors
Social vision integral to the fabric of the firm right from inception
Establish authenticity of its business purpose and goals
10
11. Syncretic Stewardship Model
Syncretism is combination of different beliefs or practice
Has constituents that impact profitability and social concerns
Encompass a larger and more diverse set of stakeholders
Often rife with paradoxes and contradictions
CSR narrative is complex, nuanced, negotiated
CSR Entrepreneurs need to be effective politicians and diplomats who can
negotiate, persuade and communicate among internal and external stakeholders
Motivation often appeared to be mixed – economic and noneconomic
Emphasis on how CSR impacts company culture
Striking a balance between demand and rewards for noneconomic vs economic criteria at
the individual and organizational level
11
12. Feature Business Case Social Values led Case Syncretic Stewardship
case
Role of the external
virtual market
Dominant driver of CSR Secondary influencer of
CSR
Important, integrated
influencer of CSR
Role of the internal virtual
market
Weak in influencing CSR Dominant influencer of
CSR
Important, integrated
influencer of CSR
Objectives Economic Noneconomic Economic /
Noneconomic
Bottom Lines Financial Social/Noneconomic Balanced, mixed
Key Challenge Find nexus of business
opportunity and social
responsibility
Business viability Balancing economic and
noneconomic criteria
Narrative Competitive advantage Evangelism Interdependence
CSR Leadership
philosophy
Primacy of stockholders True-believer in social
cause
Servant of diverse
stakeholders
CSR Mainstream Orientations 12
13. SPICE (Society, Partner, Investor, Customer, Employee)
Social Model
S PICE
Business Case Model
PICE SS
I,E
C,P
13
14. Internal Market for Virtue
The internal market for virtue
captured the extent and manner in
which CSR actions are
demanded, encouraged and
rewarded by senior managers and
board of directors as well as the
propensity of employees to
provide, supply or deliver on such
demand
Quantity of CSR
InternalpriceofCSR
Business Oriented
Syncretic steward
Value Led
Standard self interest
Social Entrepreneurs
Socially Conscious
14
15. Degree to which performance improvement &excellence are rewarded
Business Case firms
• Rewarded for
achievement of economic
goals
Social Values led firms
• Rewarded for
achievement in non-
economic goals
Syncretic stewards
• Rewarded for balance of
economic and non-
economic goals
Business Case firms
• Considerable power
distance between the
company and non-profit
social partner
• The firm wielding power
Social Values led firms
• Counter intuitively, there
were power distance
differences
• Founder regarded as a
messiah-like person
• Founder wields power
Syncretic stewards
• Power distance low
• Participation by both
internal and external
stakeholders
• Increased employee
participation in CSR
initiatives
Performance orientation
Power distance
Degree to which members of a collective expect power to be distributed unequally
Cultures of CSR 15
16. Degree to which organizational members use norms, rules or procedures to alleviate unpredictability
Business Case firms
• Highest on uncertainty
avoidance
• Planned extensively, had to
produce quarterly results
• Followed well established
routines
Social Values led firms
• The lowest on uncertainty
avoidance
• Founders of the firms moved
forward with a strong sense
of mission not understanding
how to accomplish it
Syncretic stewards
• – low on uncertainty
avoidance
• Understood the possibility of
conflicting duties and
problems
• Relied on negotiations and
creative approaches to
problem solving
Business Case firms
• These firms put profits and
timelines before people
Social Values led firms
• High on human orientation
• Focus on people and their
quality of life high
Syncretic stewards
• High on human orientation
• Focus on people and their
quality of life high
Uncertainty avoidance
Humane orientation
Degree to which organization rewards individuals for being fair, altruistic and caring. It can be judged by
how the firm treats its employees, external stakeholders
16
17. Degree to which individuals are confrontational or aggressive in their relationships
Business Case firms
• High on assertiveness
• Highly confrontational and
competitive internally, pitting
one group against the other
Social Values led firms
• Highly assertive when it came
to making decisions about
their focal issue, but were less
aggressive in their approach
Syncretic stewards
• Mixed and nuanced on
assertiveness
• Were less assertive while
dealing with stakeholders but
more assertive with the press
or industry trade groups
Business Case firms
• low on future orientation and
more short term in their CSR
planning
• They need to be flexible and
adapt to changing market
conditions quickly
Social Values led firms
• Mid-range in future
orientation
• Clearly understood their long
term challenge of dealing
with a major social issue
Syncretic stewards
• highest in future orientation
• Saw the importance of
stakeholder engagement as a
route to long-term legitimacy
and viability
Assertiveness
Future orientation
Degree to which organization encourages its members to plan for the future versus the present
17
18. Cultures of CSR
Dimension of
organizational culture
Business Case Social Values led Syncretic Stewards
Performance High on Economic High on Noneconomic High on economic /
Noneconomic
Power Distance High Mixed Low
Uncertainty High Very Low Low
Humane Low High High
Assertiveness High High Mixed
Future Low Low to Medium High
18
19. In Conclusion
19
Many large public companies, at least in Europe and North American multi-nationals
are adopting the Syncretic Stewardship Model in stead of the Business case model
Firms internal market is playing a very crucial role in the way CSR is integrated and
mainstreamed into the regular operations of the company
In the long run, the companies following Business Case model need to look into the
social implications to stay socially relevant. Companies following the Social Values
model need to look into the financial sustainability of the project as well
Hence, we can conclude that to remain socially relevant and sustain the initiative
over a longer period of time, all the companies will soon start following the Syncretic
Stewardship Model