Stakeholders play an important role in corporate social responsibility by using their influence and voting power to shape company goals and policies. Stakeholders have a social responsibility to act in the best interests of the entire company, its market and employees. This includes considering social impacts, pushing for ethical practices and transparency, and ensuring employee welfare. For a company to truly serve its stakeholders, it must integrate social and environmental responsibilities into its business model through practices of corporate social responsibility.
India's ancient wisdom, which is still relevant today, inspires people to work for the larger objective of the well-being of all stakeholders. For example, our Rushees, Munees and Saints preached us to serve the society. The idea of CSR first came up in 1953 when it became an academic topic in HR Bowenโs โSocial Responsibilities of the Businessโ. Since then, there has been continuous debate on the concept and its implementation. Although the idea has been around for more than half a century, there is still no clear consensus over its definition. Post 1991, there is increasingly a receding role of the state in the economic and social sphere. An increasing acceptance of CSR by large number of corporate, post liberalization can thus be seen in the context of the larger role being consciously carved for the private sector in an economy which was earlier largely controlled and managed by the State. The corporate world is keen to exploit the opportunities that are being provided by the new economic outlook of the State. Today, 93% of the worldโs largest 250 companies now publish annual corporate responsibility reports, almost 60% of which are independently audited.
Role of board of directors -Corporate GovernanceRehan Ehsan
ย
This Presentation states the role of board of directors in respect of corporate governance of Pakistan. Reviewing this clear the concept of their legal role in Pakistan.
corporate governance and role in strategic managementzeba khan
ย
describes the concept of corporate governance along with need and benefits of corporate governance. highlights the role and importance of corporate governance in strategic management.
Corporate Social Responsibility Business Strategy PowerPoint Presentation Sli...SlideTeam
ย
Want to harmonize your business strategy with social responsibilities? Our corporate social responsibility business strategy PowerPoint presentation slides will help you in balancing the profit-making activities with activities that will benefit the society. This Business social responsibility PPT presentation includes variety of slides like CSR model, levels of CSR, maturity process, CRS framework, developing CSR strategy, CSR cycle, company key issues, CSR objectives and assessment, trade behavior, customer engagement, community finance etc. The best thing about our presentation is that you just need to add data in editable templates and diagrams. Not only this, you can use the same corporate self-regulation PowerPoint presentation in a variety of topics like strategic corporate social responsibility, socially responsible business practices, corporate sustainability, sustainable business, corporate conscience, corporate citizenship, responsible business, social business strategy and company sustainability, business conscience, corporate citizenship, responsible industry, company strategy and corporate self-regulation, Business social responsibility, business sustainability etc. What are you waiting for! Just quickly corporate social responsibility business strategy PowerPoint presentation slides practices PowerPoint deck. Cakes are never half baked with our Corporate Social Responsibility Business Strategy PowerPoint Presentation Slides. They keep the fires burning till the end.
India's ancient wisdom, which is still relevant today, inspires people to work for the larger objective of the well-being of all stakeholders. For example, our Rushees, Munees and Saints preached us to serve the society. The idea of CSR first came up in 1953 when it became an academic topic in HR Bowenโs โSocial Responsibilities of the Businessโ. Since then, there has been continuous debate on the concept and its implementation. Although the idea has been around for more than half a century, there is still no clear consensus over its definition. Post 1991, there is increasingly a receding role of the state in the economic and social sphere. An increasing acceptance of CSR by large number of corporate, post liberalization can thus be seen in the context of the larger role being consciously carved for the private sector in an economy which was earlier largely controlled and managed by the State. The corporate world is keen to exploit the opportunities that are being provided by the new economic outlook of the State. Today, 93% of the worldโs largest 250 companies now publish annual corporate responsibility reports, almost 60% of which are independently audited.
Role of board of directors -Corporate GovernanceRehan Ehsan
ย
This Presentation states the role of board of directors in respect of corporate governance of Pakistan. Reviewing this clear the concept of their legal role in Pakistan.
corporate governance and role in strategic managementzeba khan
ย
describes the concept of corporate governance along with need and benefits of corporate governance. highlights the role and importance of corporate governance in strategic management.
Corporate Social Responsibility Business Strategy PowerPoint Presentation Sli...SlideTeam
ย
Want to harmonize your business strategy with social responsibilities? Our corporate social responsibility business strategy PowerPoint presentation slides will help you in balancing the profit-making activities with activities that will benefit the society. This Business social responsibility PPT presentation includes variety of slides like CSR model, levels of CSR, maturity process, CRS framework, developing CSR strategy, CSR cycle, company key issues, CSR objectives and assessment, trade behavior, customer engagement, community finance etc. The best thing about our presentation is that you just need to add data in editable templates and diagrams. Not only this, you can use the same corporate self-regulation PowerPoint presentation in a variety of topics like strategic corporate social responsibility, socially responsible business practices, corporate sustainability, sustainable business, corporate conscience, corporate citizenship, responsible business, social business strategy and company sustainability, business conscience, corporate citizenship, responsible industry, company strategy and corporate self-regulation, Business social responsibility, business sustainability etc. What are you waiting for! Just quickly corporate social responsibility business strategy PowerPoint presentation slides practices PowerPoint deck. Cakes are never half baked with our Corporate Social Responsibility Business Strategy PowerPoint Presentation Slides. They keep the fires burning till the end.
The objective of these Principles is to draw together the lessons of a decade and more of work by the OECD Working Party of Senior Budget Officials (SBO) and its associated Networks, along with the contributions and insights from other areas of the OECD and of the international budgeting community more generally. The Principles provide a concise overview of good practices across the full spectrum of budget activity, taking account in particular of the lessons of the recent economic crisis, and aim to give practical guidance for designing, implementing and improving budget systems to meet the challenges of the future. The principles are being considered as a draft Recommendation of the OECD Council, underpinning their importance to good public governance and inclusive growth.
For further information, please visit: www.oecd.org/governance/principles-budgetary-governance.htm
Principles for effective public investment across levels of governmentOECD Governance
ย
Presentation on Principles for Effective Public Investment Across Levels of Government made at the conference "New funding models for local governments: how to effectively mobilize resources?" held in Paris France, 3-4 July 2014.
Presentation made by Claire Charbit, Deputy Head, Regional Development Policy Division. For more information please see www.oecd.org/gov/regional-policy/recommendation-effective-public-investment-across-levels-of-government.htm.
the effect of social responsibility and corporate imageIJAEMSJORNAL
ย
Customers are one of the pillars of success in organizations and have been studied from different aspects. The aim of this study is scrutinizing the factors influencing brand equity in the tobacco industry in Tehran. Therefore, by referring to previous studies, dimensions and components of associated with variables have been identified and a standard questionnaire based on these variables has been used. The validity of the questionnaire has been approved by the elites of management and the reliability of them has been calculated through the software. The statistical population of research consisted of all customers of the tobacco industry in Tehran. In order to determining the sample size the Cochran formula, to the extent of 384 individuals, has been used. In order to test the research hypotheses Structural equation modeling through Lisrel software has been used. The results showed that different variables have significant impact on brand equity and customer loyalty is an important mediating factor in influencing on brand equity.
A presentation that looks at how corporate CSR, sustainability and ethics communications have evolved to the present day, and where they may be headed next. Used to based a talk on for an upcoming conference rather than as a stand alone...
Corporate Social Responsibility (CSR) at Hindustan Unilever (HUL)Rohan Bharaj
ย
This presentation showcases the CSR activities undertaken by the biggest FMCG company in India - HUL.
It also talks about how it has impacted the lives of so many people in a positive way.
A presentation looking at trends, drivers, actions, strategy and business ethics, why they matter, who does them well and what the business case is today
Any organisation that really wants to excel within it industry or sector and environs must ensure it carries out Corporate Social Responsibility regular.
This presentation explains the concept of Corporate Social Responsibility and strategy ti=o implement it as well. At the same time, MICROSOFT CO. is chosen to illustrate the idea and as well explained how it managed to be the 1st in the the list of THE FORBES magazine.
Similar to Corporate Social Responsibility and Stakeholders effect (20)
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
ย
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your companyโs legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, weโll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
ย
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
ย
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
ย
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
"๐ฉ๐ฌ๐ฎ๐ผ๐ต ๐พ๐ฐ๐ป๐ฏ ๐ป๐ฑ ๐ฐ๐บ ๐ฏ๐จ๐ณ๐ญ ๐ซ๐ถ๐ต๐ฌ"
๐๐ ๐๐จ๐ฆ๐ฌ (๐๐ ๐๐จ๐ฆ๐ฆ๐ฎ๐ง๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
๐๐ ๐๐จ๐ฆ๐ฌ provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
โญ ๐ ๐๐๐ญ๐ฎ๐ซ๐๐ ๐ฉ๐ซ๐จ๐ฃ๐๐๐ญ๐ฌ:
โข 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
โข SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
โขFreenBecky 1st Fan Meeting in Vietnam
โขCHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
โข WOW K-Music Festival 2023
โข Winner [CROSS] Tour in HCM
โข Super Show 9 in HCM with Super Junior
โข HCMC - Gyeongsangbuk-do Culture and Tourism Festival
โข Korean Vietnam Partnership - Fair with LG
โข Korean President visits Samsung Electronics R&D Center
โข Vietnam Food Expo with Lotte Wellfood
"๐๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ง๐ญ ๐ข๐ฌ ๐ ๐ฌ๐ญ๐จ๐ซ๐ฒ, ๐ ๐ฌ๐ฉ๐๐๐ข๐๐ฅ ๐ฃ๐จ๐ฎ๐ซ๐ง๐๐ฒ. ๐๐ ๐๐ฅ๐ฐ๐๐ฒ๐ฌ ๐๐๐ฅ๐ข๐๐ฏ๐ ๐ญ๐ก๐๐ญ ๐ฌ๐ก๐จ๐ซ๐ญ๐ฅ๐ฒ ๐ฒ๐จ๐ฎ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐จ๐ฎ๐ซ ๐ฌ๐ญ๐จ๐ซ๐ข๐๐ฌ."
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Improving profitability for small businessBen Wann
ย
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.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
ย
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
ย
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Exploring Patterns of Connection with Social Dreaming
ย
Corporate Social Responsibility and Stakeholders effect
1. ๏ Describe role of stakeholders in social
responsibility.
By: Muhammad Hanif Khan
Corporate Social Responsibility
Hanifka9@gmail.com
2. corporate social responsibility
Definition: A companyโs sense of
responsibility towards the community and
environment (both ecological and social)
in which it operates. Companies express
this citizenship (1) through their waste and
pollution reduction processes, (2) by
contributing educational and social
programs, and (3) by earning adequate
returns on the employed resources.
2
3. Example
Wateen offers summer internship programmes as part of its corporate citizenship.
Students intern at Wateen to enrich their curriculum learning with corporate exposure and
experience.
We have partnered with The Universal Service Fund, established by the Government of
Pakistan, to develop the telecommunications infrastructure and establish high speed
internet providers and promote computer literacy with a special focus on underserved
areas by offering subsidized Internet and Telephony services. Our collaboration and
subsidized services are provided in Faisalabad Telecom Region, Hazara Telecom Region,
Gujranwala Telecom Region and Central Telecom Region. Support and value addition is
also provided with planned Education and Community Broadband Centers. Wateen mobile
units and vans operate in these areas to educate and increase Internet and computer
literacy. In recent months Pakistan was hit with one of the worst natural disasters to date.
In this crisis, Wateenโs employees donated their salary (on personal discretion ranging
from 1 day salary and going up to 7 days) and carried out an aggressive drive to collect
relief goods and personal donations. Some were directly affected by the floods and Wateen
responded with priority attention to the respective employees. Even through its
communication, Wateen reflected its obligations as a responsible corporate entity and
initiated a โGo Green with Wateenโ campaign aimed at helping people to adopt โgreenerโ
lifestyles.
3
7. Social Responsibility of
Stakeholders
Company stakeholders are not merely
investors in a company -- stakeholders
typically have voting power that can
influence the social and financial impact of a
company. With this voting power comes a
social responsibility to the employees and
customers. Stakeholders must consider more
than just the company's bottom line when
using their influence to shape company
goals.
7
8. 1. Company Interests
Company stakeholders have a social responsibility to act for
the good of the entire company, not just their own self-
interests. The policies for which stakeholders push must not
be based purely on financial gain. For example, stakeholders
may have the opportunity to increase their own wealth if
they push to merge the company's subsidiaries into the
parent company. This merger, however, could limit the
company's ability to serve multiple markets, hinder its
product diversification or create other problems.
Stakeholders must push for a strategy that focuses on long-
term gain and growth for their company.
8
9. 2. Market Interests
Stakeholders must consider the interests of their market when
implementing company policy or new business strategies. The needs and
desires of stakeholders may not align with those of the consumers for
which the company produces products. For example, a company that
produces high-optioned vehicles for low prices might be able to squeeze
more profit out of customers by charging for the options, but it would
alienate its customers. Stakeholders must consider the social impact of
their segmentation, targeting and positioning (STP) in the marketplace.
The company's STP is the type of customer to which it sells products
(segment), the advertising method it uses to reach that customer
(targeting) and the current marketing advantage it has among
competitors in the industry (positioning).
9
10. 3. Company Monitoring
Monitoring and auditing is critical to ensure that a company
is socially responsible. Stakeholders must push for tight
regulations and ethical practices within the company to
avoid financial and legal problems. For instance, a company
can significantly limit its tax burden by storing profits in off-
shore bank accounts. However, this practice might put the
company in a legal gray area that could shake the confidence
of potential investors. Stakeholders have to insist on
company transparency and adherence to industry norms to
avoid breaking their "social contract" to consumers.
10
11. 4. Employee Relations
The fate of employee pay, safety, health quality and
job security might sometimes rest in the hands of
stakeholders. It is the social responsibility of the
stakeholder to ensure that the employees of the
company work under the best possible conditions.
A company could potentially increase its profits by
working employees harder for less pay, but the
effects on the employees would be negative.
Stakeholders must push for profits and employee
satisfaction, simultaneously.
11
12. Stakeholders and Corporate
Social Responsibility
โข Letโs begin this topic with quotation of Robert W. Lane, the
Chairman and CEO of Deere & Company, โIf you donโt have
honesty and integrity, you wonโt be able to develop effective
relationships with any of your stakeholders.โ
โข These stakeholder groups form the basis of success and failure of the
business. Stakeholders are individuals or groups that have interests,
rights, or ownership in an organization and its activities. Customers,
suppliers, employees, and shareholders are example of primary
stakeholder groups. Each has interest in how an organization
performs or interacts with them. These stakeholder groups can
benefit from a companyโs success and can be harmed by its mistakes.
12
13. Cont.
โข Secondary stakeholders are also important because they
can take action that can damage or assist the organization.
Secondary stakeholders include governments (especially
through regulatory agencies), unions, nongovernmental
organizations (NGOs), activities, political action groups,
and the media.
โข In orders to serve their stakeholders in an ethical and
social manner, more and more organizations are adapting
the model of corporate social responsibility. The term
Corporate Social Responsibility goes by many other
terms such as corporate citizenship, responsible business
or simply corporate responsibility. 13
15. Cont.
When an organization builds ethical and social
elements in its operating philosophy and
integrate them in its business model, it is said to
have possessed a self-regulating mechanism that
guides, monitor and ensure its adherence to law,
ethics, and norms in carrying out business activities
that ensures the serving the interest of all external
and internal stakeholders. In other words, the
objective of being socially responsible business is
achieved when its activities meet or exceed the
expectations of all its stakeholders. 15
16. Cont.
โข Here is a model for evaluating an
organizationโs social performance. The
model indicates that total corporate social
responsibility can be subdivided into four
criteria-economic, legal, ethical and
discretionary responsibilities.
โข These responsibilities are ordered from
bottom to top in the following illustration.
Letโs discuss each one them briefly 16
18. 1. Economic responsibilities
โข The first criterion of social responsibility is economic responsibility.
The business institution is, above all, the basic economic unit of
society. Its responsibility is to produce goods and services that a
society wants and to maximize profit for its owners and shareholders.
Economic responsibilities, carried to the extreme, is called profit-
maximizing view; it was advocated by Nobel economist Milton
Friedman. This view argued that a company should be operated on a
profit-oriented basis, with its sole mission to increase its profits so
long as is stays within the rule of the game.
โข The purely profit-maximizing view is no longer considered an
adequate criterion of performance in the world in general. Treating
economic gain in the social as the only social responsibility can lead
companies into trouble.
18
19. 2. Legal responsibilities
All modern societies lay down ground rules, laws and
regulations that businesses are expected to follow. Legal
responsibility defines what society deems as important with
respect to appropriate corporate behavior. Businesses are
expected to fulfill their economic goals within the legal
framework. Legal requirements are imposed by local
councils, state and federal governments and their regulating
agencies. Organizations that knowingly break the law are
poor performers in this category. Intentionally
manufacturing defective goods or billing a client for work
not done is illegal. Legal sanctions may include
embarrassing public apologies or corporate โconfessionsโ.
19
20. 3. Ethical responsibilities
Ethical responsibility include behavior that is not
necessarily codified into law and may not serve the
organizationโs direct economic interests. To be
ethical, organizationโs decision makers should act
with equity, fairness and impartiality, respect the
rights of individuals, and provide different
treatments of individual only when differences
between them are relevant to the organizationโs
goals and tasks. Unethical behavior occurs when
decisions enable an individual or organization to
gain expense of society. 20
21. Discretionary responsibilities
Discretionary responsibility is purely voluntary
and guided by an organizationโs desire to make
social contributions not mandated by economics,
laws or ethics. Discretionary activities include
generous philanthropic contributions that offer no
payback to the organization and are not expected.
Discretionary responsibility is the highest criterion
of social responsibility, because it goes beyond
societal expectations to contribute to the
communityโs welfare.
21