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Identify benefits and negative effects of strategic alliances
Impact of company social responsibility on society
Impact of company social responsibility on society
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Introduction The researcher will provide a description of each company, the strategic alliance, and the economic benefit of the strategic alliance of each company. In addition, the researcher will identify three issues of corporate social responsibility (CSR) for each company. Furthermore, the researcher will analyze each companies CSR issue and describe the impact on stakeholders. Finally, the researcher will describe ways in which the companies can be socially responsible. Effects of Strategic Alliances Multinational Corporation Secom Co., Ltd is a Japanese corporation in Tokyo, Japan. The company has 339 subsidiaries in 10 primarily in Asian countries. Secom designs and develops security systems and services for business and residential use. In addition, the company provides medical services-related information, management support services, and in-home care service. In 1996, Secom purchased Nohmi to form a manufacturing joint venture in Shanghai, China. Both companies formed a vertical system that manufactures, sells, installs, and monitors security systems and networks for domestic commercial and industrial customers. Secom customer base mostly consist of financial institutions, banks, securities companies, and other businesses (Krueger & Ding, 2009). Economic Benefit The economic benefit for each company was to enhance skills sets, work experience, and values acquired by their workers. Additionally, the economic benefit of the joint venture provided employment opportunities, good working conditions, high-tech products and services, and competitive levels of compensation (Krueger & Ding, 2009). Corporate Social Responsibility Issue Krueger and Ding (2009), identifies cultural gaps between Japanese managers and... ... middle of paper ... ...ry and corruption. Journal of Business Ethics, 90, 199-244. Retrieved from http://search.proquest.com.libproxy.edmc.edu/docview/365531219?accountid=34899. Frederiksen, C. (2010). The relation Between policies Concerning Corporate Social Responsibility (CSR) and Philosophical Moral Theories - An Empirical Investigation Journal of Business Ethics, 93(3), 357-371. dio: 10.1007/s10551-009-0226-6 Krueger, D. & Ding, B. (2009). Ethical analysis and challenges of two international firms in China. Journal of Business Ethics, 89, 167-182. Retrieved from http://search.proquest. com.libproxy.edmc.edu/docview/198043409?accountid=34899 Philip, G. (2007). The offshore imperative: Shell oil’s search for petroleum in postwar America. The Journal of American History, 94(3), 984. Retrieved from http://search.proquest.com. libproxy.edmc.edu/docview/224902051?accountid=34899
Of the many possible ethical dilemmas that people could face in the business world, the article: “The ‘Do Whatever It Takes’ Attitude Gone Wrong” portrays particular ethical situations in todays business world that are very common: poor social responsibility and its negative effects. Social responsibility is considering what affects business decisions and products have on society. The article reveals what goes on behind the scenes at a business in terms of poor ethical decision making and how often it occurs. It mainly focuses on how business decisions are made without consideration
Verschoor, CMA, Curtis C. "Ethics: Do The Right Thing." Strategic Finance (2006). Retrieved on 18 September 2006 .
Pitta, A. D., Fung H., Isberg S. (1999). Ethical Issues Across Cultures: managing the differing
Ferrell, O., Fraedrich, J. and Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. 1st ed. Mason, Ohio: Cengage Learning, p.327 -336.
This paper is an analysis of the ethical business decision matrix developed by The George S. May Company (May), a management-consulting firm. The paper will also compare how these guidelines were used by John D. Beckett (Beckett) in his company and how the author’s firm, PricewaterhouseCoopers, LLC (PwC), uses them. The guidelines are meant to be used by employees. These guidelines are specifically a measure of moral and ethical principles tied to business ethics in acceptability of right and wrong behaviour in the workplace.
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases: 2011 custom edition (9th ed.). Mason, OH: South-Western Cengage Learning.
Elango, B., Paul, K., Kundu, S. K., & Paudel, S. K. (2010). Organizational ethics, individual ethics, and ethical intentions in international decision-making. Journal of Business Ethics, 97(4), 543-561.
Focusing on the benefits to the business organisation, this is a very important concept for them to gain their maximum potential profits and the success of the business as a whole.
Ethics in business is a highly important concept, as it can affect a company’s profits, salaries paid to employees and CEOs, and public opinion, among many other aspects of a business. Ethics can be enforced by company policies and guidelines, set a precedent when a company is faced with an important decision, and are also evolving thanks to new technology and situations that arise due to technology usage. Businesses have a duty to maintain their ethical responsibilities and also to help their employees enforce these responsibilities in and out of the workplace. However, ethics and the foundation for them are not always black and white. There are many different ethical theories, however Utilitarianism, Kant’s Deontological ethics, and Virtue ethics are three of the most well known theories in existence. Each theory is distinct in that it has a different quality used to determine ethicality and allows for a person to choose which system of ethics works best with both the situation and his or her personal ethical preferences.
Kidder, R, M., (2010), Center for corporate Ethics, Institute for Global Ethics, retrieved on August 08,2010 from www.globalethics.org/ reserve reading from ethics news line
Corporate Social Responsibility (CSR) is a very familiar term in today’s world. Most of the successful companies try to be ethical and socially responsible toward their stakeholders. Because becoming ethical and socially responsible gains a lot in terms of profit or capturing more market share (Aras and Crowther,2009). This socially responsible approach is paved by the CSR activities of the companies which has a great contribution to their corporate strategy of winning the customers’ mind. In this assignment, the pros and corn of CSR activities of a particular organization a...
Shaw, W. H., & Barry, V. (2011). Moral Issues in Business (Eleventh ed., pp. 230-244).
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...
A company has an economic obligation. It must earn a favorable return for its stockholders in the restrictions of the law. But, corporate social responsibility means that organizations have also ethical and societal responsibilities that go past their economic responsibilities. CSR needs organizations to develop their documentations of their responsibilities to include other stakeholders such as workers, customers, suppliers, local societies, state governments, international organizations, etc. Ethics could be seen as a fundamental component of individual and group activities at the heart of organizations’ errands.