Corporate Social Responsibility - 1904 Words

Corporate Social Responsibility The different aspects of corporate social responsibility (CSR) have been the topic of considerable debate since the last decades of the twentieth century. Main factor for the increased interest on the part of stakeholders in this topic are the increased public awareness and interest in the corporate social responsibility following the Information Revolution. This essay will assess the dangers and benefits of the business ethics for most of the stakeholders – employees, organizations, society, shareholders and the environment. It will also explore specific examples of corporate social responsibility in different large corporations and will make a comparison between two large companies’ ethical policies. The†¦show more content†¦The view that one can violate the â€Å"unwritten law†, or ethics, is wrong because the market tendencies are for an increase in the â€Å"punishment† in the terms of lower sales. In my opinion the fourth objection, the agen cy arguments, is the most significant of all the objections to business ethics stated above. According to that theory the market is â€Å"the key arbitrator† and it should be determining what the corporate social responsibility of the company needs to be. This is also a very flexible method to deliver the welfares the society wants. For example if a person wants to influence the government policy concerning the preservation of environment, she needs to wait for another four or even five years and vote for a party, which offers such policy. Instead, by buying a certain product of a company that promotes the wanted policy, the person could â€Å"cast his vote†. Boddy (2008) distinguishes four criteria of corporate social performance: economic, legal, ethical and discretionary. The economic responsibility is predominantly concerned with the short-run shareholders’ interests. This means that the company is not concerned with problems of many of the other stakeholders. A classical example for the damaged interests of employees is the outsourcing: In October 2010 the Italian automobile giant FIAT announced that because of the reduced profitability of their factories in Italia, the companyShow MoreRelatedCorporate Social Responsibility : Corporate Responsibility773 Words   |  4 PagesCorporate social responsibility may also be referred to as corporate citizenship and can involve spending finances that do not directly benefit the company but rather advocate positive social and environmental change. The soul in the next economy forum presentation made it evident that achieving corporate social responsibly in a company can reap major bene fits in terms of finances, more inspiring workplace and customer satisfaction. In the past, companies mistakenly thought that corporate socialRead MoreCorporate Social Responsibility1990 Words   |  8 PagesCorporate social responsibility is becoming a key initiative and an essential tool in the growth of multinational corporations and the development of third world countries throughout the globe. The two concepts can work hand in hand to provide benefits for all; however difficulties in regulating and implementing corporate social responsibility need to be overcome before effective changes can be made. Definitions of corporate social responsibility can be somewhat varied depending on the perceptionRead MoreCorporate Social Responsibility : Corporate Responsibility2819 Words   |  12 PagesIntroduction For the past years, corporate social responsibility also referred, as corporate conscience has been a respected subject for discussion. Corporate social responsibility, unquestionably, contains more viewpoint than simply worried about the ecological impacts of associations. It came in people groups mind at the later 1880, time of essential modern advancement that associations ought to think about the thought of social obligation. Associations that are near to social obligation issues got toRead MoreCorporate Social Responsibilities2100 Words   |  9 PagesSustainability requires monitoring and managing all the person to ensure that our economy and society can continue to exist without destroying the social and natural environment during development. The sustainability includes three pillars, which are economic, social and environment, forming a triple bottom line. The triple bottom line demands that a company s responsibility lies with stakeholder rather than shareholder. The stake holder is a party who can be affected or affect by the action of the company suchRead MoreCorporate Social Responsibility15903 Words   |  64 PagesCORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit. A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action, both locally and globally. BusinessRead MoreCorporate Social Responsibility3253 Words   |  14 PagesLiving Dangerously in Two Worlds In my paper I will be discussing the topics related to corporate social responsibility. Corporate social responsibility (CSR, also called corporate responsibility, corporate citizenship, and responsible business) is a concept whereby organizations consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment. This obligationRead MoreCorporate Social Responsibility : Corporate Responsibility2819 Words   |  12 PagesIntroduction For the past years, corporate social responsibility also referred, as corporate conscience has been a respected subject for discussion. Corporate social responsibility, unquestionably, contains more viewpoint than simply worried about the ecological impacts of associations. It came in people groups mind at the later 1880, time of essential modern advancement that associations ought to think about the thought of social obligation. Associations that are near to social obligation issues got toRead MoreCorporate Social Responsibility : Corporate Responsibility2818 Words   |  12 PagesFor the past years, corporate social responsibility also referred, as corporate conscience has been a respected subject for discussion. Corporate social responsibility, unquestionably, contains more viewpoint than simply worried about the ecological impacts of associations. It came in people groups mind at the later 1880, time of essential modern advancement that associations ought to think about the thou ght of social obligation. Associations that are near to social obligation issues got to be worryRead MoreCorporate Responsibility And Corporate Social Responsibility Essay1867 Words   |  8 PagesStevan Jakovljevic Professor Laud MGT 3550 Values, Ethics and Sustainability 10/18/16 Chapter 3: Define corporate responsibility (CSR). Describe the benefits. Why do some executives support CSR while others find it troublesome and argue against it? Corporate social responsibility is what a company uses to self-regulate itself and refers to business practices involving initiatives that benefit society. A business’s CSR can encompass a wide variety of tactics, from giving away a portion of a company’sRead MoreCorporate Social Responsibility And Corporate Ethics1468 Words   |  6 Pagesfact that your business exists in the environment, the responsibility of this depends on many stakeholders, such as local communities, customers, employees and suppliers. On the other hand the way the products are produced and manufactured has a significant impact on the environment. In this context the concept of corporate social responsibility has great relevance for the survival of any business. In corporate terms, social responsibilities promote companies to maintain a closer relationship with

Informative Speech The Congress of Racial Equality Essay

Topic: Congress of Racial Equality Specific Purpose Statement: To inform my audience about the mission, members, activities and plans of the Congress of Racial Equality The Congress of Racial Equality or CORE is a U.S. civil rights organization that played an essential role in the Civil Rights Movement of the 20th century. Membership in CORE is stated to be open to anyone who believes that all people are†¦show more content†¦Gandhi had, in turn, been influenced by the writings of Henry David Thoreau. Mohandas Gandhi was then still engaged in non-violent resistance against British rule in India. The group believed that nonviolent civil disobedience could be used by African-Americans to challenge racial segregation in the South and eventually other parts of the United States. In early 1947, CORE announced plans to send eight white and eight black men into the Deep South to test the Supreme Court ruling that declared segregation in interstate travel unconstitutional. Organized by George Houser and Bayard Rustin, the Journey of Reconciliation was to be a two week pilgrimage through Virginia, North Carolina, Tennessee and Kentucky. The Journey of Reconciliation began on 9th April, 1947. Members of the Journey of Reconciliation team were arrested several times. The Journey of Reconciliation achieved a great deal of publicity and was the start of a long campaign of direct action by the Congress of Racial Equality. In February 1948 the Council Against Intolerance in America gave Houser and Bayard Rustin the Thomas Jefferson Award for the Advancement of Democracy for their attempts to bring an end to segregation in interstate travel. CORE, SNCC and NAACP also established 30 Freedom Schools in towns throughout Mississippi. Volunteers taught in the schoolsShow MoreRelatedEssay about Music Played Key Role in US Civil Rights Movement3693 Words   |  15 Pagesautobiographical lyrics. Music nurtured the African American tradition and their struggle towards equality the same century. Political impact of music The civil Rights Movement was one of the historical events in U.S history. These were movements that dwelled on peace to voice out their grievances; there was no force or aggression. Their main objective was to collectively champion for no segregation and injustices on racial grounds. They used songs as a weapon in their hearts and marched through the hardestRead MoreThe Vaticans View on the Israeli-Palestinain Conflict4506 Words   |  19 Pagesto visit the holy land. He discussed the political situation in Lebanon. But he never mentioned the term â€Å"Palestine† in the address.4 It wasn’t until months after becoming pope that John Paul II finally used the term â€Å"Palestinians† publicly. The speech focused on more of a renewal of relations with an urgency to bring in dialogue between Christians of various tendencies and Muslims, and between the Lebanese and Palestinians, but the real question and concerns of the Israeli-Palestinian conflictRead MoreHistory and Rolls of Law Enforcement in America10094 Words   |  41 Pagesdozen tears after the civil war the federal government tried to undo the inequalities of slaveory. Freeing the slaves and giving them the majority vote sparked debate and vicious backlash from citizens in the southern states. Although there was some racial tension in the North the aftermath of slaveory in the south continues to remind us how important it is to establish a system where police not only respect the rights of all people, but actively strive to protect them. Many levels of jurisdictionRead MoreSociology and Group41984 Words   |  168 Pagesam. d. I create. e. I accuse. Answer: a. I believe. . All of the following principles of ethical communication are included in the National Communication Association s Credo for Ethical Communication EXCEPT a. We endorse freedom of speech only when the truth does not cause detrimental results or harm others. b. We advocate truthfulness, accuracy, honesty, and reason as essential to the integrity of communication. c. We strive to understand and respect other communicators before

Managerial Finance Net Present Value

Question: Discuss about theManagerial Financefor Net Present Value. Answer: Calculating IRR, Non-Discounted Payback Period, and Net Present Value of the Projects with Adequate Interpretation: Particulars Project B Project A NPV 15,715,220.43 28,096,291.64 EAC $ 4,506,283.73 $ 7,097,013.02 IRR 20.06% 20.39% Payback period 3.27 3.63 Table 1: Depicting the adequate investment appraisal technique (Source: as created by the author) With the help of table 1, overall financial viability of both the projects could be identified. In addition, NPV, IRR and EAC of project A is relevantly higher than project B, which could help Equator to generator higher revenue from operations. However, tenure of both the project is relevantly different and thus use of EAC could effectively help in identifying the adequate project (Vesty and Oliver 2014). Moreover, after the evaluation of the overall investment appraisal techniques Project A is mainly identified as the most viable option, which could help Equator to increase its firm value. Furthermore, both IRR and NPV of the company are mainly higher in project A, which might increase overall return from investment. However, from payback period Project B is mainly identified as the viable approach as it might help in collecting the investment amount faster than project A. Thus, from the overall evaluation of the investment appraisal technique Project A is mainly recognized as the most suitable project, which could allow Equator to generate higher return from investment. Identifying the Risk Linked Recommended Project: There are four key risk factor that is been associated with recommended project, which are risk of demand, competition risk, costing risk, and inflation risk. This risk might reduce the overall viability of the project, which could hinder its profitability. Inflation and Tax Risk Risk: The overall change in inflation might hamper the cash inflow, which might incur from operations. The decline in inflation and increment in tax rate might reduce the overall profitability from the project, which in turn might nullify the investment appraisal technique. Competition Risk: Moreover, the anticipated selling prices used in the calculation could lose its fiction if intense competition is faced by Equator. The product pricing could be reduced for generating the anticipated sales, which in turn might decline its overall revenue. The risk from competition might reduce the overall sales and decline the anticipated cash inflow for each year (Aminbakhsh, Gunduz and Sonmez 2013). Risk of Demand: Equator mainly uses anticipated sales units be analysing the customer demand, which could be at risk from changing customer perspective. In addition, Equator is mainly producing computer tablets, whose demand change with customer preference and trust. Moreover, any decline in overall sales unit might reduce ability of Equator to generate the required revenue from investment. Costing Risk: The overall anticipated variable, labour, and fixed costs might change, which in turn could reduce the cash inflow anticipated by Equator. The operational cost is mainly kept fixed through the life of the project, which might change due to the impact of inflation rate and change in labour wages. The overall increment in cost might mainly hamper the profitability, which has been anticipated with invest appraisal technique (Halbert and Rouanet 2014). Providing Relevant Definition of Efficient Capital Market and Determining Impact of on Equators Ability to Borrow Funds from the Market: The overall efficient capital market mainly depicts that share price effectively reflects the information provided by the company. The efficiency of the share price in accommodating information about the company in real time is mainly states as efficient capital market. Moreover, efficient capital market adequately communicates all the relevant data of the company to the investors. Korajczyk (2017) stated that with the help of efficient market hypothesis investors are able to collect the adequate information, which might help in making adequate investment decision. The overall capital market operating in an efficient manner could help Equator in raising the required capital easily and with low cost. However, there is some limitation of the capital market efficiency, which might in turn increase the overall risk for raising the required fund for the project. There are three type of efficiency market, which might directly reflect on the ability of Equator to borrow the required funds from capital market. The difference forms efficiency market like strong, semi-strong and weak market efficiency could mainly hamper the overall ability to instigate demand of its shares. In addition, if the market efficiency is semi or weak then Equators declaration of future prospect will not reflect on its share price. The hindrance of the company to raise overall required capital from the project might hamper its capability to continue with the project. Lee, Tsong and Lee (2014) mentioned that due to the accommodation of advanced technology companies are able to c ommunicate relevant information in the exchange, which is effectively reflected in its share price. Moreover, if the capital market is not operating in an efficient manner then Equator will not able to deliver the overall information regarding future profits, which could be generated from the project. In addition, extra capital for the new project could be efficiently raised by Equator by issuing new shares. However, if the capital market is not operating in an efficient manner then Equator will not be able to generate the required capital. Moreover, additional cost will be charged and difficulty could be faced by Equator while raising capital from inefficient capital market. Bahmani-Oskooee et al. (2016) mentioned that efficient capital market mainly allows companies for increasing its market presence among potential investors. Lastly, Equator might have a positive impact if capital market is operating in an efficient manner, as it might help the company to reduce the risk arising from its stakeholders. Moreover, with efficient capital market Equator could effectively deliver the required data and reduce the risk from borrowing capital. Reference and Bibliography: Aminbakhsh, S., Gunduz, M. and Sonmez, R., 2013. Safety risk assessment using analytic hierarchy process (AHP) during planning and budgeting of construction projects.Journal of safety research,46, pp.99-105. Bahmani-Oskooee, M., Chang, T., Chen, T.H. and Tzeng, H.W., 2016. Revisiting the efficient market hypothesis in transition countries using quantile unit root test.Economics Bulletin,36(4), pp.2171-2182. Halbert, L. and Rouanet, H., 2014. Filtering risk away: Global finance capital, transcalar territorial networks and the (un) making of city-regions: An analysis of business property development in Bangalore, India.Regional Studies,48(3), pp.471-484. Higham, A.P., Fortune, C. and Boothman, J.C., 2016. Sustainability and investment appraisal for housing regeneration projects.Structural Survey,34(2), pp.150-167. Johnstone, D., 2015. When are investment projects in the same risk class?.Accounting Finance. Korajczyk, R., 2017. How should I invest? What the Efficient Market Hypothesis does and does not say. Lambe, F., Jrisoo, M., Lee, C. and Johnson, O., 2015. Can carbon finance transform household energy markets? A review of cookstove projects and programs in Kenya.Energy Research Social Science,5, pp.55-66. Lee, C.C., Tsong, C.C. and Lee, C.F., 2014. Testing for the efficient market hypothesis in stock prices: International evidence from nonlinear heterogeneous panels.Macroeconomic Dynamics,18(04), pp.943-958. Penning-Rowsell, E., Priest, S., Parker, D., Morris, J., Tunstall, S., Viavattene, C., Chatterton, J. and Owen, D., 2014.Flood and coastal erosion risk management: a manual for economic appraisal. Routledge. Upton, J., Murphy, M., De Boer, I.J.M., Koerkamp, P.G., Berentsen, P.B.M. and Shalloo, L., 2015. Investment appraisal of technology innovations on dairy farm electricity consumption.Journal of dairy science,98(2), pp.898-909. Vesty, G. and Oliver, J., 2014. Corporate strategy and accounting for sustainability in investment appraisal.Corporate Ownership and Control,11(2D), pp.377-388.