This document discusses the rise of voluntary codes of conduct created by multinational corporations in response to globalization. As MNCs have grown in power and influence, they face increasing pressure from governments, NGOs, and public opinion. Voluntary codes allow MNCs to shape standards and maintain control over their operations, while attempting to appease critics by addressing issues like the environment, workers' rights, and corruption. However, codes must have broad scope and demonstrate real impact to be credible. Their success relies on transparency and accountability in implementation.
The study analyzed the effect of corporate social responsibility on the financial performance of
organizations in Nigeria with emphasis on the construction companies. The population constitutes four
construction companies who are the leaders in the business.
Adapting corporate social responsibility programs to risk management a model...Alexander Decker
This document discusses how corporate social responsibility (CSR) programs can be adapted to risk management for multinational organizations in Nigeria. It defines CSR as a company's efforts to consider social and environmental concerns in decision-making along with increasing positive societal impact. The document recommends that organizational leaders proactively manage risks and leverage CSR programs and opportunities in the environment to improve stakeholder engagement and reputation. Integrating learnings from CSR into risk management can help companies better address risks and impacts of their economic, social, and environmental activities.
Kurdistan has a growing market infused with rapid industrial development and economic growth. Organizations must understand the differences in the legal, political, social and economic environment of the country as these can be difficult to manage and may hinder business development. The main aim of this study is to examine environmental factors effecting business law. The population of the study comprised all finance companies operating in Kurdistan. A sampling frame was used for this study comprising of micro finance companies operating in Erbil. A sample size of 109 respondents was used for the study. This sample was selected through the simple random sampling technique. The results showed that the value of beta for legal factor is .599 with the P-value .000 this means that the legal environment will have positive and significant influence on business law, accordingly hypothesis one is supported, the value of beta for political factor is .613 with the P-value .000 this means that the political environment will have positive and significant influence on business law, accordingly hypothesis two is supported, the value of beta for social factor is .514 with the P-value .000 this means that the social environment will have positive and significant influence on business law, accordingly hypothesis three is supported and finally the value of beta for economic factor is .608 with the P-value .000 this means that the economic environment will have positive and significant influence on business law, accordingly hypothesis four is supported.
Corporate Social Responsibility and Profitability in the Banking Sector: The ...Dr. Amarjeet Singh
In this article, we explore the relationship between corporate social responsibility and profitability with particular reference to Ethiopian financial industry. In line with this, the paper investigated the practice of corporate social responsibility and its impact on profitability in two private banks in Ethiopia. The study used two sampling phases. The first one is to sample out the two banks among the sixteen private banks operated in the country and the second phase is to select number of respondents within the selected banks. According to National Bank of Ethiopia, (NBE, 2020) annual report among the sixteen private commercial banks operated in the country, six of them were operated in the industry for more than 20 years and two banks namely Dashen and United banks were randomly selected for the study. The study used questionnaires as an instrument for data collection and the Cronbach alpha test was used to test the reliability of the instrument. Correlation analysis was carried out to identify the nature of strength and direction of the relationship between the independent variables (philanthropic, ethical, legal and economic responsibilities) and the dependent variables (profitability), regression analysis was also employed to determine the degree in which the dependent variable can be predicated or explained from the independent variables. The finding reveals that ethical, philanthropic, legal and economic responsibilities of CSR dimension have a positive and significant impact on profitability of the banks. Furthermore, the overall finding of the study suggested that CSR practice of banks has a significant impact on the level of their profitability. The study recommends that banks should improve their efforts exerted towards their CSR practice in order to enhance their profitability.
International Journal of Engineering Research and Development (IJERD)IJERD Editor
journal publishing, how to publish research paper, Call For research paper, international journal, publishing a paper, IJERD, journal of science and technology, how to get a research paper published, publishing a paper, publishing of journal, publishing of research paper, reserach and review articles, IJERD Journal, How to publish your research paper, publish research paper, open access engineering journal, Engineering journal, Mathemetics journal, Physics journal, Chemistry journal, Computer Engineering, Computer Science journal, how to submit your paper, peer reviw journal, indexed journal, reserach and review articles, engineering journal, www.ijerd.com, research journals,
yahoo journals, bing journals, International Journal of Engineering Research and Development, google journals, hard copy of journal
This study examines empirically the relationship between corporate social responsibility and financial performance of some selected banks in Nigeria with the use of secondary data, sourced from six (6) selected banks annual reports and accounts using Judgemental sampling in a population of fifteen (15) Banks. Financial summary between “2002-2011” i.e. ten (10) years period and NSE FACT Book were used to obtain data. The objective of this study is to examine the impact of banks financial performance on Corporate Social Responsibility. The study utilized multiple regressions for the analysis of collected data, findings from the analysis of selected banks show that financial performance (PAT, ROCE, EPS) have significant positive impact on corporate social responsibility, and the collinearity test show that there is no Multicollinearity between the independents variables. The Independent Variables are PAT, ROE, ROA, EPS and ROCE which constitute indicators of banks financial performance while the Dependent variables are Philanthropic, Economic, Legal and Ethical Responsibilities (CSR). It is recommended that Nigerian banks should embrace the culture of CSR and government should established laws and regulations to oblige financial institutions or rather banks in Nigeria to give adequate attention to social responsibility, social accounting and put in place strong mechanisms and institutions to monitor compliance and if possible determine the quantum amount of charitable contribution to be reported in their annual reports and accounts by providing index or range.
Aom presentation, csr & institutional theory evidence from a developing islam...Amir Ghazinoori
This study examines how formal and informal institutions shape corporate social responsibility (CSR) policies and practices in Iran. The researchers conducted interviews with companies and institutions to understand their perspectives. They found that informal institutions like culture, traditions and personal values have a stronger influence on CSR than formal institutions like laws and regulations, which are weakly developed in Iran. Religion has some impact but personal ethics and values were seen as more influential. Non-governmental organizations play a minimal role. The findings indicate institutional changes are needed to further advance CSR in Iran's unique social, political and economic context.
The document summarizes an online conference on public policy and corporate social
responsibility held from July 7-25, 2003. The conference explored the role of governments in
enabling CSR, how public and private sector priorities align in extractive industries, and the
relationship between CSR, trade and foreign direct investment. Participants shared expertise on
ways governments can promote CSR in developing countries. While CSR terms are not widely
used, many public programs support CSR goals. The conference aimed to identify optimal and
feasible policy interventions and build understanding of linking CSR and development.
The study analyzed the effect of corporate social responsibility on the financial performance of
organizations in Nigeria with emphasis on the construction companies. The population constitutes four
construction companies who are the leaders in the business.
Adapting corporate social responsibility programs to risk management a model...Alexander Decker
This document discusses how corporate social responsibility (CSR) programs can be adapted to risk management for multinational organizations in Nigeria. It defines CSR as a company's efforts to consider social and environmental concerns in decision-making along with increasing positive societal impact. The document recommends that organizational leaders proactively manage risks and leverage CSR programs and opportunities in the environment to improve stakeholder engagement and reputation. Integrating learnings from CSR into risk management can help companies better address risks and impacts of their economic, social, and environmental activities.
Kurdistan has a growing market infused with rapid industrial development and economic growth. Organizations must understand the differences in the legal, political, social and economic environment of the country as these can be difficult to manage and may hinder business development. The main aim of this study is to examine environmental factors effecting business law. The population of the study comprised all finance companies operating in Kurdistan. A sampling frame was used for this study comprising of micro finance companies operating in Erbil. A sample size of 109 respondents was used for the study. This sample was selected through the simple random sampling technique. The results showed that the value of beta for legal factor is .599 with the P-value .000 this means that the legal environment will have positive and significant influence on business law, accordingly hypothesis one is supported, the value of beta for political factor is .613 with the P-value .000 this means that the political environment will have positive and significant influence on business law, accordingly hypothesis two is supported, the value of beta for social factor is .514 with the P-value .000 this means that the social environment will have positive and significant influence on business law, accordingly hypothesis three is supported and finally the value of beta for economic factor is .608 with the P-value .000 this means that the economic environment will have positive and significant influence on business law, accordingly hypothesis four is supported.
Corporate Social Responsibility and Profitability in the Banking Sector: The ...Dr. Amarjeet Singh
In this article, we explore the relationship between corporate social responsibility and profitability with particular reference to Ethiopian financial industry. In line with this, the paper investigated the practice of corporate social responsibility and its impact on profitability in two private banks in Ethiopia. The study used two sampling phases. The first one is to sample out the two banks among the sixteen private banks operated in the country and the second phase is to select number of respondents within the selected banks. According to National Bank of Ethiopia, (NBE, 2020) annual report among the sixteen private commercial banks operated in the country, six of them were operated in the industry for more than 20 years and two banks namely Dashen and United banks were randomly selected for the study. The study used questionnaires as an instrument for data collection and the Cronbach alpha test was used to test the reliability of the instrument. Correlation analysis was carried out to identify the nature of strength and direction of the relationship between the independent variables (philanthropic, ethical, legal and economic responsibilities) and the dependent variables (profitability), regression analysis was also employed to determine the degree in which the dependent variable can be predicated or explained from the independent variables. The finding reveals that ethical, philanthropic, legal and economic responsibilities of CSR dimension have a positive and significant impact on profitability of the banks. Furthermore, the overall finding of the study suggested that CSR practice of banks has a significant impact on the level of their profitability. The study recommends that banks should improve their efforts exerted towards their CSR practice in order to enhance their profitability.
International Journal of Engineering Research and Development (IJERD)IJERD Editor
journal publishing, how to publish research paper, Call For research paper, international journal, publishing a paper, IJERD, journal of science and technology, how to get a research paper published, publishing a paper, publishing of journal, publishing of research paper, reserach and review articles, IJERD Journal, How to publish your research paper, publish research paper, open access engineering journal, Engineering journal, Mathemetics journal, Physics journal, Chemistry journal, Computer Engineering, Computer Science journal, how to submit your paper, peer reviw journal, indexed journal, reserach and review articles, engineering journal, www.ijerd.com, research journals,
yahoo journals, bing journals, International Journal of Engineering Research and Development, google journals, hard copy of journal
This study examines empirically the relationship between corporate social responsibility and financial performance of some selected banks in Nigeria with the use of secondary data, sourced from six (6) selected banks annual reports and accounts using Judgemental sampling in a population of fifteen (15) Banks. Financial summary between “2002-2011” i.e. ten (10) years period and NSE FACT Book were used to obtain data. The objective of this study is to examine the impact of banks financial performance on Corporate Social Responsibility. The study utilized multiple regressions for the analysis of collected data, findings from the analysis of selected banks show that financial performance (PAT, ROCE, EPS) have significant positive impact on corporate social responsibility, and the collinearity test show that there is no Multicollinearity between the independents variables. The Independent Variables are PAT, ROE, ROA, EPS and ROCE which constitute indicators of banks financial performance while the Dependent variables are Philanthropic, Economic, Legal and Ethical Responsibilities (CSR). It is recommended that Nigerian banks should embrace the culture of CSR and government should established laws and regulations to oblige financial institutions or rather banks in Nigeria to give adequate attention to social responsibility, social accounting and put in place strong mechanisms and institutions to monitor compliance and if possible determine the quantum amount of charitable contribution to be reported in their annual reports and accounts by providing index or range.
Aom presentation, csr & institutional theory evidence from a developing islam...Amir Ghazinoori
This study examines how formal and informal institutions shape corporate social responsibility (CSR) policies and practices in Iran. The researchers conducted interviews with companies and institutions to understand their perspectives. They found that informal institutions like culture, traditions and personal values have a stronger influence on CSR than formal institutions like laws and regulations, which are weakly developed in Iran. Religion has some impact but personal ethics and values were seen as more influential. Non-governmental organizations play a minimal role. The findings indicate institutional changes are needed to further advance CSR in Iran's unique social, political and economic context.
The document summarizes an online conference on public policy and corporate social
responsibility held from July 7-25, 2003. The conference explored the role of governments in
enabling CSR, how public and private sector priorities align in extractive industries, and the
relationship between CSR, trade and foreign direct investment. Participants shared expertise on
ways governments can promote CSR in developing countries. While CSR terms are not widely
used, many public programs support CSR goals. The conference aimed to identify optimal and
feasible policy interventions and build understanding of linking CSR and development.
1) The document discusses corporate social responsibility (CSR) training initiatives by multinational enterprises in developing countries. It aims to analyze how these initiatives contribute to human capital development.
2) While CSR expectations of businesses have increased, there is debate around whether CSR should be a priority or if the primary responsibility is to shareholders. However, many firms see CSR as important for sustainable business development and managing stakeholder expectations.
3) The document reviews CSR strategies and initiatives of multinational enterprises, and aims to provide recommendations to better engage companies in long-term human capital development through CSR.
Corporate social responsibility in nigerian banking industryAlexander Decker
The document discusses corporate social responsibility (CSR) practices in the Nigerian banking industry. It analyzes CSR initiatives and expenditures for six commercial banks based on their 2011 annual reports. The results show that on average, banks spend less than 3% of their profit after tax on CSR initiatives. The document recommends that the Nigerian government develop a legal framework for CSR to ensure banks are not just paying lip service to CSR and truly give back to their local communities.
Corporate social responsibility in nigerian banking industryAlexander Decker
The document discusses corporate social responsibility (CSR) practices in the Nigerian banking industry. It analyzes CSR initiatives and expenditures for six commercial banks based on their 2011 annual reports. The results show that on average, banks spend less than 3% of their profit after tax on CSR initiatives. The document recommends that the Nigerian government develop a legal framework for CSR to ensure banks are not just paying lip service to CSR and truly give back to their operating communities.
This document summarizes a journal article about the impact of globalization and international business on corporate social responsibility. It discusses how CSR has become an increasingly important issue due to factors like globalization, the proliferation of multinational corporations, and increased access to information. While the concept of CSR is not new, debates around corporate duties to stakeholders beyond shareholders have occurred throughout the 20th century and continue today in the global environment. The article reviews different definitions of CSR and highlights ongoing discussions around whether corporations should solely focus on maximizing shareholder value or consider broader stakeholders.
Running Head ECONOMICS AND ADMINISTRATION1ECONOMICS AND ADMI.docxtodd271
Running Head: ECONOMICS AND ADMINISTRATION 1
ECONOMICS AND ADMINISTRATION 5
ECONOMICS AND ADMINISTRATION
Khalia Hart
Dr. Touhey
MGMT 640 – Financial Decision Making for Managers
March 31, 2019
EXECUTIVE SUMMARY
For the success of every business, there needs to be a strong supporting factor that enforces success. The success of a business indicates that the structure of decision making is tough, strict but at the same time lenient to staff and more importantly customers. Financial management is a very vital factor to consider while engaging in any business activity. Not only is it concerned about customers and staff, but also affects every aspect of the business from managing cash flow and maintaining performance index to developing plans to ensure maximum use of opportunities by business owners. Stakeholders and business owners need to realize the importance of financial management as a tool in business administration since it is the force that ensures continuous development of financial capabilities needed for a business to achieve its full potential.
The macro-economic environment addresses issues concerning behavior. Here are where aAdministrative issues lie. Administration can be categorized into two main categories, administration as a practice and as a science. Administration as a practice mainly addresses the normal routine of business owners and managers and their normal administrative roles in any business entity. Administration as a scientific field is bound to face challenges which are broken down into four main classes. They are discussed fully in this document.
Factors that affect administrative decisions include globalization, cost of control, the relationship between stakeholders and demand on ethical behavior and corporate responsibility. Administrations in different organizations should always be keen to ensure that the named issues are always put under the eye . These factors can greatly affect the performance of a business entity as shall be discussed in this document. Comment by debra touhey: Good start, Khalia. The Executive Summary should explain the problems at hand with potential solutions to those problems. Here is a good reference on writing Executive Summaries:
https://www.inc.com/guides/2010/09/how-to-write-an-executive-summary.html
INTRODUCTION
Since time immemorial, business has always been a very important factor in society. To date, business transactions take place daily through the various business entities that have been established. In the modern world, however, various guidelines, strategies, and tools have been established to ensure that business practices go on smoothly (Robert et al., 2004). Comment by debra touhey: A little too informal for graduate writing
One of the practices that have been developed to ensure maximum productivity in the various entities that have been established, is financial management. The financial management function allows for the planning, organizing, monitori.
This document provides information about adhocism and corporate planning in management. It discusses how management evolved from an adhoc approach focused only on urgent issues to a more planned approach considering future scenarios and contingencies. It describes how management further evolved to consider the internal and external environment through environmental strategy and interface. The document emphasizes that the modern approach to management involves comprehensive strategic planning incorporating long-term decision making.
The document discusses various aspects of business environment including:
1. It defines business environment as the total surroundings that have a direct or indirect influence on business operations. The business environment includes economic, social, political, legal, technological factors that are beyond a business's control.
2. The economic environment includes economic conditions, policies and the economic system of a country which greatly impact businesses.
3. The non-economic environment includes social, political, legal, technological and demographic factors that also influence business operations.
4. Understanding the business environment is important for businesses to identify opportunities and threats, direct growth, and adapt to changes in order to succeed.
AN ASSESSMENT OF THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON THE STRATEG...Karin Faust
This document summarizes a study that assessed the impact of corporate social responsibility (CSR) programs on the strategic intent of Standard Chartered Bank Kenya Limited. The study found that the bank's CSR programs generally met stakeholder expectations and were aligned with its strategic goals. However, there was uncertainty around customer expectations being met as customers also served as employees, community members, etc. The study recommended that the bank expand its CSR programs to engage more employees and communities across a wider geographical area through increased partnerships.
This document discusses principles for reorienting regional/local banks towards sustainability. It outlines that sustainable finance has two expressions: socially responsible investment that integrates environmental, social and governance factors; and sustainable banking that considers a bank's social and environmental impacts through its lending and investments. The document examines international sustainable responsible investment principles and how they filter down to smaller banks. It also analyzes case studies of sustainable banks and factors that help or hinder their success, such as regulations, market interests, and internal willingness to change. Overall, the document finds that sustainable banks have potential to create public value and positively influence their communities through stable, ethical products secured by savings rather than speculation.
Analysis of the effects of economic corporate social responsibility on financ...inventionjournals
The purpose of this study was to analyze the effect economic corporate social responsibility on Financial performance. The study was guided by the following objectives: To analyze the effect of innovational CSR cost on financial performance, to examine the effect of social quality practices spending on financial performance ,to find out the effect of corporate entrepreneurship spending on financial performance and to examine the effect of financial literacy expenditure CSR on financial The study was guided by Stakeholders theory, Shareholder theory and Shareholder-Based Financial Performance theory. This study used quantitative research approaches. Quantitative research is generally associated. Collecting and converting data into numerical form so that statistical calculations can be made and conclusions drawn. This study will employ descriptive research design. The target population used was 100 and sampling procedure used was stratified. The study used primary (collected using questionnaires) and secondary data (trend analysis). To test the validity of the research instruments the questionnaires prepared and submitted to the supervisor and other research experts. In order to test the reliability of the instrument used in this study, the researcher used test retest method. Descriptive and inferential statistics method was used for data analysis and interpretation regression model was used to analyze the effect between variables. The study recommended that companies should ensure effective sustainability programs which include social responsibility, They should also ensure effective social programs are accomplished through cause-related marketing and corporate philanthropy, they should also create initiative which has beneficial relationship between the corporation and society, they should also should ensure corporate governance which is the framework of rules and practices by which a board of directors and embrace accountability, fairness, and transparency in a company's relationship with its stakeholders. For further research the study suggests that more studies should be done on economic social responsibility and corporate governance, economic social responsibility and financial literacy.
This document discusses challenges related to corporate social responsibility (CSR) from a legal and corporate governance perspective. It notes that while corporate governance research has focused on linking good governance to financial performance, there are increasing expectations for businesses to address social concerns. However, most investors do not yet systematically factor environmental, social and governance issues into investment decisions. It argues that as social issues become subject to international standards and domestic legislation, corporate governance needs to bridge the divide between financial and social objectives. Moving forward, greater collaboration is needed between businesses, governments and academics to help companies both create value for shareholders and stakeholders and prevent adverse impacts.
The relationship between csr, profitability and sustainability in chinaIrisMeyer
This document discusses the concepts of corporate social responsibility (CSR) in China. It begins with background on CSR and how it has become more important for Chinese firms. It then discusses some challenges for CSR in China, such as short-term business goals and a lack of CSR reporting. The document also examines how CSR relates to profitability and sustainability, noting there is limited research on this relationship in developing countries like China. Finally, it provides definitions of CSR and discusses the development of CSR concepts over time.
Understanding Renewable Energy Businesses: Aligning Renewable Energy Firms an...The Solar Foundation
This document summarizes the results of surveys of renewable energy firms and economic developers conducted by the International Economic Development Council (IEDC) to understand their perspectives and alignment on growing the renewable energy industry. The surveys found that while both groups saw political leadership as the most important state asset, firms placed more importance on direct financial incentives, and viewed federal policy uncertainty as the top challenge. Firms also preferred a comprehensive strategic plan from economic developers, rather than the workforce programs most often implemented. The research aims to highlight alignments and gaps between renewable energy firms and economic developers to improve future industry support strategies.
Corporate social responsibility practices in mobile tele communications indus...Alexander Decker
This document summarizes a study that assessed the impact of corporate social responsibility (CSR) practices in the Nigerian telecommunications industry from 2006 to 2011. The study evaluated factors influencing CSR adoption through surveys and an analysis of annual reports. Results found that CSR positively impacted the environment, employees, and stakeholders. Key factors influencing CSR included competition, subscriber demands, pressure from civil groups, service quality, legal requirements, and infrastructure issues. The study concluded that while CSR policies were making progress, more could be done given the large profits generated by these companies.
Corporate social responsibility competitive advantage or social concernAlexander Decker
This document discusses corporate social responsibility (CSR) and whether it provides competitive advantage or is simply a social concern. It provides background on the evolution of CSR from philanthropy to a business strategy seen as key to long-term success. The document outlines several definitions of CSR and discusses frameworks for CSR reporting. It also reviews literature on how CSR can provide competitive advantage through gaining reputation and community support, but may be seen as too expensive by some. A survey is discussed to understand employee perceptions of whether CSR is for advantage, concern, or both.
11.corporate social responsibility competitive advantage or social concernAlexander Decker
This document discusses corporate social responsibility (CSR) and whether it provides competitive advantage or is simply a social concern. It provides definitions of CSR from various organizations. CSR was originally seen as corporate philanthropy but is now viewed as a business strategy. Companies have realized they need community support to succeed and that addressing social and environmental issues is important for long-term business goals. The document also discusses frameworks for CSR reporting and rising expectations around CSR in India.
chp 1.pptx Business CSR activities SlideAnikkHassan
This document discusses corporate social responsibility (CSR). It defines CSR as a view that corporations have responsibilities to society beyond profit maximization, including pursuing social and environmental goals. The document outlines key aspects of CSR including stakeholders, relevant questions around firm-society relationships, and definitions of CSR across cultures. It discusses drivers of CSR including affluence, sustainability concerns, globalization, media influence, and the power of brands. Overall the document provides an overview of the concept of CSR.
The document provides an overview of business environment and its importance for business success. It discusses the key components of business environment including economic, social, political, legal and technological factors. Understanding business environment helps identify opportunities and threats, guides business growth, enables continuous learning, improves image, and helps address competition. The document also covers the concepts of social responsibility of business and business ethics.
Frank Mantero, director of corporate citizenship at General Electric, discussed corporate social responsibility (CSR) and it's role in PR and driving business growth.
1) The document discusses corporate social responsibility (CSR) training initiatives by multinational enterprises in developing countries. It aims to analyze how these initiatives contribute to human capital development.
2) While CSR expectations of businesses have increased, there is debate around whether CSR should be a priority or if the primary responsibility is to shareholders. However, many firms see CSR as important for sustainable business development and managing stakeholder expectations.
3) The document reviews CSR strategies and initiatives of multinational enterprises, and aims to provide recommendations to better engage companies in long-term human capital development through CSR.
Corporate social responsibility in nigerian banking industryAlexander Decker
The document discusses corporate social responsibility (CSR) practices in the Nigerian banking industry. It analyzes CSR initiatives and expenditures for six commercial banks based on their 2011 annual reports. The results show that on average, banks spend less than 3% of their profit after tax on CSR initiatives. The document recommends that the Nigerian government develop a legal framework for CSR to ensure banks are not just paying lip service to CSR and truly give back to their local communities.
Corporate social responsibility in nigerian banking industryAlexander Decker
The document discusses corporate social responsibility (CSR) practices in the Nigerian banking industry. It analyzes CSR initiatives and expenditures for six commercial banks based on their 2011 annual reports. The results show that on average, banks spend less than 3% of their profit after tax on CSR initiatives. The document recommends that the Nigerian government develop a legal framework for CSR to ensure banks are not just paying lip service to CSR and truly give back to their operating communities.
This document summarizes a journal article about the impact of globalization and international business on corporate social responsibility. It discusses how CSR has become an increasingly important issue due to factors like globalization, the proliferation of multinational corporations, and increased access to information. While the concept of CSR is not new, debates around corporate duties to stakeholders beyond shareholders have occurred throughout the 20th century and continue today in the global environment. The article reviews different definitions of CSR and highlights ongoing discussions around whether corporations should solely focus on maximizing shareholder value or consider broader stakeholders.
Running Head ECONOMICS AND ADMINISTRATION1ECONOMICS AND ADMI.docxtodd271
Running Head: ECONOMICS AND ADMINISTRATION 1
ECONOMICS AND ADMINISTRATION 5
ECONOMICS AND ADMINISTRATION
Khalia Hart
Dr. Touhey
MGMT 640 – Financial Decision Making for Managers
March 31, 2019
EXECUTIVE SUMMARY
For the success of every business, there needs to be a strong supporting factor that enforces success. The success of a business indicates that the structure of decision making is tough, strict but at the same time lenient to staff and more importantly customers. Financial management is a very vital factor to consider while engaging in any business activity. Not only is it concerned about customers and staff, but also affects every aspect of the business from managing cash flow and maintaining performance index to developing plans to ensure maximum use of opportunities by business owners. Stakeholders and business owners need to realize the importance of financial management as a tool in business administration since it is the force that ensures continuous development of financial capabilities needed for a business to achieve its full potential.
The macro-economic environment addresses issues concerning behavior. Here are where aAdministrative issues lie. Administration can be categorized into two main categories, administration as a practice and as a science. Administration as a practice mainly addresses the normal routine of business owners and managers and their normal administrative roles in any business entity. Administration as a scientific field is bound to face challenges which are broken down into four main classes. They are discussed fully in this document.
Factors that affect administrative decisions include globalization, cost of control, the relationship between stakeholders and demand on ethical behavior and corporate responsibility. Administrations in different organizations should always be keen to ensure that the named issues are always put under the eye . These factors can greatly affect the performance of a business entity as shall be discussed in this document. Comment by debra touhey: Good start, Khalia. The Executive Summary should explain the problems at hand with potential solutions to those problems. Here is a good reference on writing Executive Summaries:
https://www.inc.com/guides/2010/09/how-to-write-an-executive-summary.html
INTRODUCTION
Since time immemorial, business has always been a very important factor in society. To date, business transactions take place daily through the various business entities that have been established. In the modern world, however, various guidelines, strategies, and tools have been established to ensure that business practices go on smoothly (Robert et al., 2004). Comment by debra touhey: A little too informal for graduate writing
One of the practices that have been developed to ensure maximum productivity in the various entities that have been established, is financial management. The financial management function allows for the planning, organizing, monitori.
This document provides information about adhocism and corporate planning in management. It discusses how management evolved from an adhoc approach focused only on urgent issues to a more planned approach considering future scenarios and contingencies. It describes how management further evolved to consider the internal and external environment through environmental strategy and interface. The document emphasizes that the modern approach to management involves comprehensive strategic planning incorporating long-term decision making.
The document discusses various aspects of business environment including:
1. It defines business environment as the total surroundings that have a direct or indirect influence on business operations. The business environment includes economic, social, political, legal, technological factors that are beyond a business's control.
2. The economic environment includes economic conditions, policies and the economic system of a country which greatly impact businesses.
3. The non-economic environment includes social, political, legal, technological and demographic factors that also influence business operations.
4. Understanding the business environment is important for businesses to identify opportunities and threats, direct growth, and adapt to changes in order to succeed.
AN ASSESSMENT OF THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON THE STRATEG...Karin Faust
This document summarizes a study that assessed the impact of corporate social responsibility (CSR) programs on the strategic intent of Standard Chartered Bank Kenya Limited. The study found that the bank's CSR programs generally met stakeholder expectations and were aligned with its strategic goals. However, there was uncertainty around customer expectations being met as customers also served as employees, community members, etc. The study recommended that the bank expand its CSR programs to engage more employees and communities across a wider geographical area through increased partnerships.
This document discusses principles for reorienting regional/local banks towards sustainability. It outlines that sustainable finance has two expressions: socially responsible investment that integrates environmental, social and governance factors; and sustainable banking that considers a bank's social and environmental impacts through its lending and investments. The document examines international sustainable responsible investment principles and how they filter down to smaller banks. It also analyzes case studies of sustainable banks and factors that help or hinder their success, such as regulations, market interests, and internal willingness to change. Overall, the document finds that sustainable banks have potential to create public value and positively influence their communities through stable, ethical products secured by savings rather than speculation.
Analysis of the effects of economic corporate social responsibility on financ...inventionjournals
The purpose of this study was to analyze the effect economic corporate social responsibility on Financial performance. The study was guided by the following objectives: To analyze the effect of innovational CSR cost on financial performance, to examine the effect of social quality practices spending on financial performance ,to find out the effect of corporate entrepreneurship spending on financial performance and to examine the effect of financial literacy expenditure CSR on financial The study was guided by Stakeholders theory, Shareholder theory and Shareholder-Based Financial Performance theory. This study used quantitative research approaches. Quantitative research is generally associated. Collecting and converting data into numerical form so that statistical calculations can be made and conclusions drawn. This study will employ descriptive research design. The target population used was 100 and sampling procedure used was stratified. The study used primary (collected using questionnaires) and secondary data (trend analysis). To test the validity of the research instruments the questionnaires prepared and submitted to the supervisor and other research experts. In order to test the reliability of the instrument used in this study, the researcher used test retest method. Descriptive and inferential statistics method was used for data analysis and interpretation regression model was used to analyze the effect between variables. The study recommended that companies should ensure effective sustainability programs which include social responsibility, They should also ensure effective social programs are accomplished through cause-related marketing and corporate philanthropy, they should also create initiative which has beneficial relationship between the corporation and society, they should also should ensure corporate governance which is the framework of rules and practices by which a board of directors and embrace accountability, fairness, and transparency in a company's relationship with its stakeholders. For further research the study suggests that more studies should be done on economic social responsibility and corporate governance, economic social responsibility and financial literacy.
This document discusses challenges related to corporate social responsibility (CSR) from a legal and corporate governance perspective. It notes that while corporate governance research has focused on linking good governance to financial performance, there are increasing expectations for businesses to address social concerns. However, most investors do not yet systematically factor environmental, social and governance issues into investment decisions. It argues that as social issues become subject to international standards and domestic legislation, corporate governance needs to bridge the divide between financial and social objectives. Moving forward, greater collaboration is needed between businesses, governments and academics to help companies both create value for shareholders and stakeholders and prevent adverse impacts.
The relationship between csr, profitability and sustainability in chinaIrisMeyer
This document discusses the concepts of corporate social responsibility (CSR) in China. It begins with background on CSR and how it has become more important for Chinese firms. It then discusses some challenges for CSR in China, such as short-term business goals and a lack of CSR reporting. The document also examines how CSR relates to profitability and sustainability, noting there is limited research on this relationship in developing countries like China. Finally, it provides definitions of CSR and discusses the development of CSR concepts over time.
Understanding Renewable Energy Businesses: Aligning Renewable Energy Firms an...The Solar Foundation
This document summarizes the results of surveys of renewable energy firms and economic developers conducted by the International Economic Development Council (IEDC) to understand their perspectives and alignment on growing the renewable energy industry. The surveys found that while both groups saw political leadership as the most important state asset, firms placed more importance on direct financial incentives, and viewed federal policy uncertainty as the top challenge. Firms also preferred a comprehensive strategic plan from economic developers, rather than the workforce programs most often implemented. The research aims to highlight alignments and gaps between renewable energy firms and economic developers to improve future industry support strategies.
Corporate social responsibility practices in mobile tele communications indus...Alexander Decker
This document summarizes a study that assessed the impact of corporate social responsibility (CSR) practices in the Nigerian telecommunications industry from 2006 to 2011. The study evaluated factors influencing CSR adoption through surveys and an analysis of annual reports. Results found that CSR positively impacted the environment, employees, and stakeholders. Key factors influencing CSR included competition, subscriber demands, pressure from civil groups, service quality, legal requirements, and infrastructure issues. The study concluded that while CSR policies were making progress, more could be done given the large profits generated by these companies.
Corporate social responsibility competitive advantage or social concernAlexander Decker
This document discusses corporate social responsibility (CSR) and whether it provides competitive advantage or is simply a social concern. It provides background on the evolution of CSR from philanthropy to a business strategy seen as key to long-term success. The document outlines several definitions of CSR and discusses frameworks for CSR reporting. It also reviews literature on how CSR can provide competitive advantage through gaining reputation and community support, but may be seen as too expensive by some. A survey is discussed to understand employee perceptions of whether CSR is for advantage, concern, or both.
11.corporate social responsibility competitive advantage or social concernAlexander Decker
This document discusses corporate social responsibility (CSR) and whether it provides competitive advantage or is simply a social concern. It provides definitions of CSR from various organizations. CSR was originally seen as corporate philanthropy but is now viewed as a business strategy. Companies have realized they need community support to succeed and that addressing social and environmental issues is important for long-term business goals. The document also discusses frameworks for CSR reporting and rising expectations around CSR in India.
chp 1.pptx Business CSR activities SlideAnikkHassan
This document discusses corporate social responsibility (CSR). It defines CSR as a view that corporations have responsibilities to society beyond profit maximization, including pursuing social and environmental goals. The document outlines key aspects of CSR including stakeholders, relevant questions around firm-society relationships, and definitions of CSR across cultures. It discusses drivers of CSR including affluence, sustainability concerns, globalization, media influence, and the power of brands. Overall the document provides an overview of the concept of CSR.
The document provides an overview of business environment and its importance for business success. It discusses the key components of business environment including economic, social, political, legal and technological factors. Understanding business environment helps identify opportunities and threats, guides business growth, enables continuous learning, improves image, and helps address competition. The document also covers the concepts of social responsibility of business and business ethics.
Frank Mantero, director of corporate citizenship at General Electric, discussed corporate social responsibility (CSR) and it's role in PR and driving business growth.
I am an accomplished and driven administrative management professional with a proven track record of supporting senior executives and managing administrative teams. I am skilled in strategic planning, project management, and organizational development, and have extensive experience in improving processes, enhancing productivity, and implementing solutions to support business objectives and growth.
Khushi Saini, An Intern from The Sparks Foundationkhushisaini0924
This is my first task as an Talent Acquisition(Human resources) Intern in The Sparks Foundation on Recruitment, article and posts.
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Joyce M Sullivan, Founder & CEO of SocMediaFin, Inc. shares her "Five Questions - The Story of You", "Reflections - What Matters to You?" and "The Three Circle Exercise" to guide those evaluating what their next move may be in their careers.
We recently hosted the much-anticipated Community Skill Builders Workshop during our June online meeting. This event was a culmination of six months of listening to your feedback and crafting solutions to better support your PMI journey. Here’s a look back at what happened and the exciting developments that emerged from our collaborative efforts.
A Gathering of Minds
We were thrilled to see a diverse group of attendees, including local certified PMI trainers and both new and experienced members eager to contribute their perspectives. The workshop was structured into three dynamic discussion sessions, each led by our dedicated membership advocates.
Key Takeaways and Future Directions
The insights and feedback gathered from these discussions were invaluable. Here are some of the key takeaways and the steps we are taking to address them:
• Enhanced Resource Accessibility: We are working on a new, user-friendly resource page that will make it easier for members to access training materials and real-world application guides.
• Structured Mentorship Program: Plans are underway to launch a mentorship program that will connect members with experienced professionals for guidance and support.
• Increased Networking Opportunities: Expect to see more frequent and varied networking events, both virtual and in-person, to help you build connections and foster a sense of community.
Moving Forward
We are committed to turning your feedback into actionable solutions that enhance your PMI journey. This workshop was just the beginning. By actively participating and sharing your experiences, you have helped shape the future of our Chapter’s offerings.
Thank you to everyone who attended and contributed to the success of the Community Skill Builders Workshop. Your engagement and enthusiasm are what make our Chapter strong and vibrant. Stay tuned for updates on the new initiatives and opportunities to get involved. Together, we are building a community that supports and empowers each other on our PMI journeys.
Stay connected, stay engaged, and let’s continue to grow together!
About PMI Silver Spring Chapter
We are a branch of the Project Management Institute. We offer a platform for project management professionals in Silver Spring, MD, and the DC/Baltimore metro area. Monthly meetings facilitate networking, knowledge sharing, and professional development. For more, visit pmissc.org.
Parabolic antenna alignment system with Real-Time Angle Position FeedbackStevenPatrick17
Introduction
Parabolic antennas are a crucial component in many communication systems, including satellite communications, radio telescopes, and television broadcasting. Ensuring these antennas are properly aligned is vital for optimal performance and signal strength. A parabolic antenna alignment system, equipped with real-time angle position feedback and fault tracking, is designed to address this need. This document delves into the components, design, and implementation of such a system, highlighting its significance and applications.
Importance of Parabolic Antenna Alignment
The alignment of a parabolic antenna directly affects its performance. Even minor misalignments can lead to significant signal loss, which can degrade the quality of the received signal or cause communication failures. Proper alignment ensures that the antenna's focal point is accurately directed toward the signal source, maximizing the antenna's gain and efficiency. This precision is especially crucial in applications like satellite communications, where the antenna must track geostationary satellites with high accuracy.
Components of a Parabolic Antenna Alignment System
A parabolic antenna alignment system typically includes the following components:
Parabolic Dish: The primary reflector that collects and focuses incoming signals.
Feedhorn and Low Noise Block (LNB): Positioned at the dish's focal point to receive signals.
Stepper or Servo Motors: Adjust the azimuth (horizontal) and elevation (vertical) angles of the antenna.
Microcontroller (e.g., Arduino, Raspberry Pi): Processes sensor data and controls the motors.
Potentiometers: Provide feedback on the antenna's current angle positions.
Fault Detection Sensors: Monitor for potential faults such as cable discontinuities or LNB failures.
Control Software: Runs on the microcontroller, handling real-time processing and decision-making.
Real-Time Angle Position Feedback
Real-time feedback on the antenna's angle position is essential for maintaining precise alignment. This feedback is typically provided by potentiometers or rotary encoders, which continuously monitor the azimuth and elevation angles. The microcontroller reads this data and adjusts the motors accordingly to keep the antenna aligned with the signal source.
Fault Tracking in Antenna Alignment Systems
Fault tracking is vital for the reliability and performance of the antenna system. Common faults include cable discontinuities, LNB malfunctions, and motor failures. Sensors integrated into the system can detect these faults and either notify the user or initiate corrective actions automatically.
Design and Implementation
1. Parabolic Dish and Feedhorn
The parabolic dish is designed to reflect incoming signals to a focal point where the feedhorn and LNB are located. The dish's size and shape depend on the specific application and frequency range.
2. Motors and Position Control
Stepper motors or servo motors are used to control the azimuth and elevation of