Business Organization Shareholders vs Social Responsibility

ABSTRACT In this essay, I am going to prove that a business organization should be socially responsible in a successful or an effective manner which will eventually benefit the company’s owners or shareholders. I will do so through illustrating the different potential effects of a business organization engaging in Corporate Social Responsibility (â€Å"CSR†). The effects that will be shown in this essay would be an increase and decrease in the company’s expenses, sustaining and harming the environment, increase and decrease in sales and customers, improve the lives of people inside and outside the company, and the practice of social irresponsibility. I will also be providing actual companies engage in CSR, and its effects on each company. I†¦show more content†¦They practice being socially responsible and encourage their clients to do so as well by signing with their company. The companies Director of Sustainability, Garratt Hasenstab said that their clients are willing to work with them because the company is focused on creating a healthier and productive world (Thorpe, 2013). Companies can also change a certain process or activity in their production to reduce their greenhouse gas emissions. An example of this is Cisco, a manufacturing company of network equipment. The company’s vision is to reduce greenhouse gas emission in each of their business functions and processes to build environmental sustainability. After 5 years, they were able to reduce the greenhouse gas emissions by 25 percent, save $500,000 from reducing their business travels, and through the use of well-known collaborative tools, they were able to increase its revenue by 30 percent (Cisco Systems Inc., 2014). This illustrates that companies practicing CSR can reduce expenses and increase sales after a certain amount of years after the implementation of CSR which increases the profit of the company that benefits the owners or shareholders. However engaging in CSR is being ethical and sensitive towards the things around the company, it can also instigate some kind of social irresponsibility. There are entities that try to pursue socially responsible agendas but end up behaving in a socially irresponsible wayShow MoreRelatedAssignment Sheet : An Assignment Cover Sheet1395 Words   |  6 Pagesup businesses. These structures affect a business positively and negatively. These structures can also determine team designs while inside of companies. This process can also can the stakeholders and shareholders in the company that different employees are working for. †¢ Organizational structures The structures that make up a business or organization enable it to operate and also in some structures show hierarchy. There are many different types of business, organizational structures and some of theseRead MoreArgument For Promotion Of Core Csr1635 Words   |  7 PagesMUST PROMOTE CORE CSR vs WE MUST NOT PROMOTE CORE CSR Milton Friedman, in his work titled, â€Å" The Social Responsibility of Business is to Increase its Profits†, emphasizes the role of business in society is to maximize shareholder wealth, and likens any activity misaligned with regard to that mission as â€Å"stealing†. In my argument against Milton Friedman’s â€Å"must-not† engage in core CSR stance, I would like to introduce the argument of expanding the responsibility of business to only maximize profitRead MoreSustainability Report of BP1447 Words   |  6 PagesWhat responsibility did the executives of BP have in making more socially responsible and safety conscious decisions at the expense of not meeting the consumer demand of cheap gas and thus lowering the returns for shareholders and their own compensation? Executives in many prominent companies must constantly be aware of consumer sentiments in regards to business practices. As such, executives have a very compelling social obligation for safety and compliance. This is particularly important in industriesRead MoreDear Silent Partners Of Chocoholics Anonymous1238 Words   |  5 PagesDear silent partners of Chocoholics Anonymous, The purpose of this memo is to discuss the opposing views of shareholders and stakeholders, evaluating our decision based on multiple ethical principles, focusing on Chocoholics Anonymous profitability and ethical integrity. Chocoholics Anonymous has a decline of sales and decrease of profits during the economic downturn, and so do the other companies in town; and those companies fired employees to save money which caused a rapidly growing unemploymentRead MoreThe Ethical Decision Making Is A Vital Part Of The Foundation989 Words   |  4 Pagesa vital part of the foundation for any organization and its individuals looking for stability and longevity in their respective industries. In other words, it is extremely important for organizations, managers, and employees to practice ethical decision making. The course textbook provides a significant piece of evidence to support this: â€Å"According to a global survey of almost 500,000 employees, efforts to promote ethics are associated with better business performance. In high-integrity company culturesRead MoreTexas Instruments in South Korea1347 Words   |  6 PagesTexas Instruments in South Korea Understanding a target market’s needs and desires can assist companies with tailoring their offerings in the name of profit. Texas Instruments (TI) had been business since 1930. During this time they have reinvented their offerings to remain a viable business entity throughout the decades. Their ability to stay ahead of the change curve has translated into a current market cap value of approximately $47 billion (Yahoo finance, 2014). Whether it is calculatorsRead MoreEthical Policies Vs. Corporate Social Responsibilities1238 Words   |  5 PagesEthical policies vs. Corporate social responsibilities In ordinary life Ethical policies and CSR actions are commonly used and have certain overlapping, but there are contradictions between the two [1]. Ethical policies Let us come to general meaning of ethics. It is much dependent on individual’s inner voice, individual’s conduct of what is great or awful and senses make use of right or off-base. Presently apply this as business definition, the ultimate goal of the company is to make profitsRead MoreIfrs Vs. Gaap Ifrs923 Words   |  4 Pagesissue. Another important and major disadvantage of adopting or converting to IFRS makes the IASB the monopolist in the sense of setting the standards. And this will be more solid if the US companies adopt IFRS. And if there is competition, such IFRS vs. GAAP that are up on national level, there is more chance of having relevant, reliable and useful information that would be produced while the companies are in the course of competition. And even though the companies and countries are incurring bigRead MoreThe Human Resources And Compensation Committee. The Human1637 Words   |  7 Pages This committee is responsible for any appointments, promotions, terminations and performance assessments for senior leadership team to include the CEO, monitors the succession plan developed and executed by CEO, approve pension plans for the organization, and reports on occupational health and safety matters. The committee does include the CEO but when matters of CEO compensation are discussed it mandates that the CEO must leave the meeting (Human Resources and Compensation Committee Charter,Read MoreAccounting - Chapter 11194 Words   |  5 PagesAccounting matters because it has economic consequences (choosing certain accounting method can result in gaining more money or losing more money – which one do you choose). People need good accounting information to make good decisions about a business strategy. Cost benefit trade-off is the concept of comparing the benefits of an action with its costs and of taking the action only if the benefit from it exceeds the cost of it. More information leads to better decisions, however, there are limits

3. The Reformed Understanding Of Faith In Calvin The Uniting

3. The Reformed understanding of faith in Calvin: The Uniting Faith The doctrine of justification is at the center of the theological debate in sixteenth century. With the more developed doctrine of justification, the understanding of faith in from the Reformers shifts its focus that The Reformed understanding of faith starting from Luther and Lutheran tradition is not a work by human beings but rather a response to the divine work, an accepting mental attitude. In Calvin, the emphasis is that faith is a gift which is a work by the Holy Spirit in human side. For Calvin, God’s work in us is mediated through the work of the Holy Spirit. The understanding of the role of the Holy Spirit in the saving event is one of the most significant†¦show more content†¦Through faith, the principle work of the Holy Spirit, we receive Christ and all the benefits God has done in him for us. We are united with Christ with this faith which is not an idle faith because it seals and persuades God’s will for us in our hearts. The significant understanding of faith in Calvin lies in that faith is recognition which is a kind of existential knowledge. The mechanism of how faith unites, takes hold, grasps, and receives Christ is that faith is revelation from the Holy Spirit attesting and persuading the truth of Christ and his saving works to our minds and hearts. Through faith made by the revealing power of the Holy Spirit, we are persuaded and believe in God’s promise which is all in Christ so that we would be consequently and continually persuaded in faith by the Holy Spirit to follow the obedience of Christ even though our mind â€Å"does not comprehend what it feels.† By giving us faith, Holy Spirit unites us to Christ. Faith is the spiritual bond of our union with Christ in which â€Å"we have fellowship of righteousness† with Christ. The â€Å"fellowship of righteousness† is without doubt not mingling of Christ’s essence with us. Rather, it is a communion with Christ in which we benefit from the imputation of Christ’s righteousness. Faith as a recognition of God’s saving work in Christ persuades our mind to receiveShow MoreRelatedMartin Luther ( 1483-1546 )2808 Words   |  12 PagesChurch’s sale of indulgences ultimately led to the Protestant Reformation. He was a prolific writer and his theology challenged many of the accepted traditions of the church, perhaps most importantly his doctrine of â€Å"justification by faith,† affirming that human faith and justification are not works of their own hands, but gifts from God. Philipp Melanchthon (1497-1560) – Philipp Melanchthon was a follower and colleague of Martin Luther that played a vital role in the development of Lutheranism duringRead MoreInvestigating Racism Essay4496 Words   |  18 PagesChristian groups have sometimes upset others by choosing to add to or disregard instructions given in the Bible. An example of this is a group called the DRC (Dutch Reformed Church.) The Dutch Reformed Church is a denomination of Christian Protestantism based on the teachings of John Calvin. It is the oldest Reformed church in the Netherlands and formerly enjoyed status as the state church. It was founded in 1618 and became the state religion in 1651, with 2.3 million members

Gas prices Essay Example For Students

Gas prices Essay Your paycheck is buying less for several reasons. For starters, if you plan on going to the gas station these days you better bring along the checkbook. Gas prices have been on the rise since it bottomed out back in May of last year when we were only paying $0.64 a gallon compared to todays $1.54.9 per gallon. So that raise you received, just throw it right out the window because it is not doing anything for you now. Not only can you not drive anywhere, but flying is more expensive these days too. My theory is, that the oil companies are preparing for the mass amounts of money they are going to lose in the future, because oil will soon be exhausted from our mother earth. When we arrived, we were surprised at the wedding being quite traditional. The church, set in the back of their small community. Followed by the reception, which took place at a hall near by. Not like the previous wedding I went too, which was outside right along Lake Michigan, and the reception took place inside the mansion that stood near by. But I guess some people like to be traditionalists and that will do the job as well. Before a player can be considered Most Valuable in his or her league, some basic areas are to be considered. Did that player lead the league in goals, points per game, home runs, or any major category that would lead his team, if not the league? Was that person on a winning team, or was he the triple crown winner, which is having hit the most homeruns, R.B.I.s, and base hits. These are all things to consider when choosing an MVP. Since there are so many great athletes these days picking an MVP can be quite difficult, and that is why they look at so many different areas of the game to choose the Most Valuable Player. Home is not an easy term to define. Most of us being community college students, look at it as being a place for comfort and familiarity. Home is where the heart is, right, it is also the place where I live for free, eat for free, and sleep for free too. Being away from home is a great experience, it is tough out there doing all those things by yourself. Mommy is not going to come over and cook and clean for you no more, once your out. That is why we love home, keeping it that one last place of serenity before we move out to the real world.

McDonalds Essay Example

McDonalds Essay McDonalds has been a family name for the last many decades. It operates on a franchise based model which has enabled it to spread all over the globe. Its operations have been largely profitable. In fact, it was only in 2003 that McDonalds reported its first ever quarterly loss. Since then a lot has changed in the way McDonalds reaches out to the customer. This is the focus of the discussion here. James R. Cantaloupe, Chairman and CEO, McDonalds said in 2003 The world has changed. Our customers have changed. We have to change too. This laid the foundation for the change which McDonalds went through. A key aspect of understanding what strategy to follow is to re-assess the needs of the market. Also the companys relationship with the internal stakeholders like the franchisees needed to be reviewed. During the process of evaluation, McDonalds used the latest technological tools like the internet to enable their brand managers to communicate with the franchisees and compare and improve their services. McDonalds studied demographics to identify which customer profiles visited there franchises and for what reasons. They realized that kids were their biggest customers but to get the kids to come in to the restaurants the parents had to be convinced also. During the study they also identified health consciousness as a major factor driving people away from McDonalds. Another factor affecting sales was the products offered as customers were looking for options other than the complete meals offered. We will write a custom essay sample on McDonalds specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on McDonalds specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on McDonalds specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Delivery times also came up as important determinants of customer satisfaction. Based on the studies, McDonalds conducted SWOT analysis and came up with a new marketing strategy based on the marketing mix consisting of 4Ps Product, Price, Promotion and Place. They decided to focus on expanding the product range to include healthy and low cost options. They also reviewed their promotion strategy to target kids who belonged to the biggest consumer category. They also streamlined their processes to reduce delivery times. 2) Using relevant examples, evaluate how successful the organisations environmental scanning strategy is. Suggest how this strategy can be improved. The steps taken by McDonalds to change their marketing mix have been highly successful in getting the customers and the profit back. In 2006, McDonaldss had its best sales performance for 15 years in Europe. McDonalds decided to go in for a health conscious image. They offered a range of healthy food selections on their menu. They also started to publish the nutritional content details of the food items on the packaging. New Saver products were offered which promised a quick bite for a low price. These changes in the product offerings were supported by promotional campaigns designed win back the lost customers. The processes required for getting the product to the customer were also reviewed. This resulted in tie-ups with local vendors to ensure freshness of the inputs. McCafes were introduced as exclusive coffee shops to attract the young crowd which needed a meeting point to get together with friends. The advertisements which addressed kids specifically helped bring the kids back. Availability of healthier food options and information about the nutritional value of the available products has helped them win a large number of health conscious consumers. To increase customer satisfaction they also focussed on the time taken to deliver their products. McDonalds can take a number of steps to get a better understanding of the environment theyre a part of. This, if followed by appropriate changes to the marketing mix, can help enhance the sales performance and profitability in the future. Some of these possible steps are discussed below. The internet can be a very effective tool to reach the masses. McDonalds can use the internet to run online promotion and research campaigns. Also the use of the social networking options like Twitter and Facebook can be beneficial to understand their customers and their requirements better. Improved analysis of the supply chain processes can help in increasing their efficiency. This can result in reduced costs and therefore reduced prices for the customers thus increasing sales. McDonalds can also analyse the franchise locations so that they can be spaced more evenly compared to the current situation where the distribution is not so even.