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The Significance of Corporate Social ResponsibilityThe concept of corporate social responsibility remains a core factor in businesses and their growth. Corporate responsibility focuses on the moral and ethical issues that have significant influence to the organization and the society at large. Ethical responsibility calls for a responsive and social contribution of a business to the society. Corporate responsibilities take different shapes wit...
Nature of Corporate Social ResponsibilitySocial responsibility helps the businessmen to draw a balance between the profit oriented activities and all those activities that are beneficial from the societies point of view (Hartman, Desjardins and MacDonald, 2014). A corporation is an artificial person that has completely different identity for its owners. Being an artificial it cannot see or touch but still it has some responsibilities towards t...
Importance of Political, Economic, and Social Factors in International Business Strategies The five components of business strategy that are important are: Having a mission and vision statement Set the objectives to deliver the business Describing the core competencies of the company Set the resources of the company Clearly differentiate themselves from the competitors The above-mentioned components cover the internal and the exte...
DiscussionBusiness ethics, which is also known as corporate ethics, refers to a set of values, principles and norms that helps in governing the behavior and actions of an individual in a business organization. Business ethics applies to all in all aspects of business conduct and is relevant to the conduct of the entire organization and of each individual in an organization. Individuals, organizational statements or legal systems are the source...
BackgroundGlobalization is the most important process for the success of each and every company on the national as well as international level. The concept of globalization is the worldwide scale of growth. It is basically an ongoing process in which the cultures, economies, and societies are being integrated. Globalization has both positive as well as negative impact on the company (Kaplinsky, & Raphael, 2005). The fast food industry is a...
Company ProfileMr. John Barbuto is the person who established JB Hi-Fi Company in 1974. The company mainly operates in two countries i.e. Australia and New Zealand. They are the retailer of consumer goods and have their headquarters at Chad stone shopping center in Melbourne (JB Hi-Fi, 2017). The company is specialized in selling electrical home appliances, video games, blu-rays, DVDs, CDs and electronics/hardware. In the industry of electroni...
The Interrelatedness of Leadership and Management 1. Leadership and management can be used interchangeably, as management helps in organizing the work in a proper way so that the goals and objectives can be achieved. The different situations that need to be solved within the organization are done by the managers, which describes that management helps people in working in a better way according to the descriptions that they have been assig...
What are Normative Ethical Theories?Normative ethics is defined as the study of ethical or moral value action. Under philosophical ethics, it is actually one of the major branches that queries the questions on how one is supposed to act in terms of morals. It commands the most attention in non-philosophical disciplines, since the sole purpose of normative ethical theories is to provide clarity and also to advocate the moral code of conduct. It...
Chapter 1 Introduction This is a research, which is portraying the impact of corporate social responsibility on the bottom line of an organization. It is evident in the modern-day organizations that corporate social responsibility is being used as a strategic imperative. Corporate social responsibility has been used by the organizations to contribute to the society and corresponding environment. However, the major question lies in the fact...
Problem StatementCorporate social responsibility and brand equity have interrelations with each other and these are studied within the research domain of marketing and other processes. Corporate social responsibility has various policies that needs to be implemented within the organizational structure and business objectives (Alhouti et al., 2016). Therefore, some improvisations that are caused by corporate social responsibility can easily inc...
Strategy and Planning Better Practice Characteristic Assessment Criteria Met Y/N Actions Required to Meet Criteria Strategy and Planning Do the Board and management understand the importance of achieving both business profits and social outcomes for clients? Yes (Pg.2, CGR, 2017) Does the organisation have a Strategic Plan and is it supported by a Risk Management Plan? ...
Overview of Leo's Beach Hotel in GambiaThe assignment is about Leo’s’s Beach Hotel and restaurant. The hotel is situated in Gambia. It is a small country located in the west of Africa. More specifically it is situated on the beach of Brufut. The place is very calm and good for spending holidays with relaxation. Country Gambia City or Town Brufut Hotel Name Leo’s Beach Hotel ...
Systems Development ApproachHome Design Limited is an Australian company with its headquarters in Brisbane. The company provides home-wares to the retail stores across Brisbane. The company has its sources in China and Italy that deliver the home-wares through postal services. Jim Daly is the business owner and the organization is currently in its expansion phase. The organization is expanding its customer base and the manual processes that ...
Theoretical Development and HypothesisThere has been a considerable amount of research study conducted in the past few years to show that how CSR activity affects the structure and the financial performance of a firm (Aguilera etal, 2007 Margolis and Walsh 2003).In a research study conducted by Hilman and keim in the year 2001 easily proved that how CSR activity improves the Financial performance of a firm. It also helps to improve the image o...
Related health issues at MaoriMaori came in New Zealand from Hawaiki and established in the fourteenth century. Maori is the area with quite a few population and they are treated different from Non Maori. The treaty of Waitangi is the funding document which formalizes the relationship between the Crown and Maori. The treaty of Waitangi was earlier known as the treaty of cessation known as the treaty of sovereignty. While some changes were asce...
Duties of Directors as per Corporations ActIn this present case, the directors of the company (Adler) make payment to a planned unit trust. However, the money is used to purchase shares in the parent company. For this transaction, no confirmation by the board was made by Adler. It shows contravention of provisions related to financial support and related party benefit (Viven-Wilksch, 2015). As per the Corporations Act Adler was responsible for...
Company's Global ManagementCaterpillar Inc is a renowned American Company that develops designs, manufactures, engineers, markets and sells engines, machines along with financial insurance and products to all its consumers through an international dealer network (Bornstein 2017). The objective of this paper is to analyze the management of the global and international factors by Caterpillar Inc along with explaining the agency theory that explain...
Qantas: Australia's Biggest Airline CompanyThe behaviours, actions and corporate communication of Qantas have been reviewed. Qantas is the Australia’s biggest domestic and international airline company. It was founded in Queensland in 1920. Qantas is one of the strongest companies or brands in Australia. It has the reputation of the world’s leading long distance airline company. They have built a reputation for operational reliabi...
Stakeholder theory and benefits of CSRCompanies regularly engage in activities that go beyond regulations that are set out by law when they build social relations in environments where they operate. This is referred to as corporate social responsibility (CSR). It involves all the programs and initiatives by a company in order to improve the social welfare of its employees, the surrounding community and the environment. It can also be referred ...
The purpose of this project is to conduct a strategic audit on Starbucks Corporation which I have chosen for my analysis. The Journey of Starbucks Company started way back in 1971. At the very beginning they were roaster as well as retailer of tea, spices, whole bean and ground coffee. However today they have more than 24,000 retail stores distributed among 70 countries attracting millions of customers with their extraordinary products. Cur...
Brief Description of CompanyThe report is developed for demonstrating the importance of corporate recklessness and negligence on the corporate performance. The corporate negligence can be stated as the irresponsible behavior of the corporate that causes the use of unethical and illegal practices for carrying out business activities. The corporate negligence can be caused due to absence of adequate corporate governance guidelines that is necess...
The Importance of Financial InstitutionsFollowing such trends by most financial institutions to upgrade their businesses, some financial institutions are enjoying the fruits of the oversight systems. In our case, financial institutions are, establishments that conducts financial transactions such as investments, loans and deposits, (Berger, et al., 2016). For instance every transactions that involve depositing money to taking loans and exchang...
Type of Audit Opinions for Australian Companies Analytical review: Wesfarmers Ratio 2016 2015 (Decrease)/ Increase Extent of risk Short term liquidity ratio Current ratio Current assets / current liabilities - - 0 Low Acid test ratio Liquid assets/current liabilities - - 0 Low ...
The Major facts of the case areThe leading case of Australian Securities and Investments Commission v Rich [2009] NSWSC 1229 is a landmark case and is considered to be one of the leading cases decided by the Supreme Court of New South Wales. It is one of the biggest civil cases in Australia. The main contention in the case is made by Australian Securities and Investments Commission wherein they charged former executive di...
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