Q1.1.1 Social responsibility – Social responsibility means that people and organizations should have the responsibility of behaving in a manner that is sensitive towards certain social, cultural, economic and environmental issues (Enevoldson, 2016) .With social responsibility comes corporate social responsibility which is the businesses responsibility to look after the society ,it is in the businesses best interests to do so because the stronger the community around the business the more successful the business will be . (BJ Erasmus, 2013) Employment equity- Employment equity is equality created in the workplace where there is no unfair discrimination against anyone, creating an equal an fair opportunity in the workplace. (SAICA, 2008). …show more content…
Environmental sustainability-Yes Mondi are definitely apllying this theme as they are in a partnership with an organization which deals with environmental sustainability. Mondi partnership with WWF focuses on protecting high conservationvalue ecosystems , promoting resource efficiency and recycling and longevity of products. 1.2 Mondi has chosen a mixed economic environment. A mixed economy is a mixture of the market economy and the command economy, this means that the economy is split between being a free market and being a market that is controlled by the government. (BJ Erasmus, 2013). When dealing with Mondi we know that they own alot of land in south Africa. The ownership of land tell us that the government doesn’t have full authority over what a the company does.But whith saying this we also know that mondi does not have complet control over the decions they make or the things they do, we see this when we see how politics has taken a stand and backed up the B-BBEE initiative. The Governement therefore make sthe decision on how many Black people should be employed by the mondi …show more content…
Many upcoming and new as well as current entreprenurs face many challenges in South Africa.The main reson why South African entreprenurship is not where it is meant to be is beause south Africa financial and operationg environment does not support its entreppreurn enough. (Dr Jonathan Marks, n.d.). There has been a dramtic drop in entreprenurship , especially after a few years after the world cup. According to the research that was done by Global entrepreneurship monitor at the university of Cape town. It was discovered that entrperenurial activity in south Africa dropped from 9.1 % to 7.3%. This has been the lowest entreprenural drop in fours years. In order to increae the entrepreurial acticity in south Africa , south Africa will need to focus on increasing the levels of opportunites for young entreprenurs.This can be done using market dynamics and research and development .(Herrington,2013). There has been an increase in women’s entrepreneurship only because of government support, opportunities to start a business, and confidence in a persons own abilities to do so remains low compared to other sub-Saharan African countries.The amount of business that are being discontinued and closed down still exceeds that of business start-ups and new entrepreurs. This creates a loss in business activity and therefore further contributes to job loss in the business environment. In
Equal Employment is giving the same employment opportunity to everyone without bias or discrimination because of race, religion, color or gender. Because of the importance of managing the practice of the federal government has established a Equal Employment Opportunity Commission (EEOC). This agency along with some others are responsible for ensuring organization abide by the law. What happens with the gray areas that organizations can finagle its way. In the case study of Cracker Barrel the gray area was found in the hiring of homosexuals. The homosexuals did not have a law that protect them from such discrimination, but that does not make it right.
Social responsibility can be defined as “the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Mallen Baker, 2004). In addition, social responsibility has been defined differently by various corporate leaders that provide guidelines which impacts how one manages the core business. Social responsibility is an essential part of a business. If managed correctly should strengthen the competitive spirit of the company and provide prosperity to society.
So before we go in greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit societ...
Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal responsibility-laws that business must obey, ethical responsibilities-behaviors and activities that are expected of business by society, but are not codified in the law, philanthropic responsibilities-represent the company’s desire to give back to society (charietys, volunteering, sponsoring).
The effective Human Resource Management in an organization requires an exceptional standard set for motivation, job design, reward system and equity. Nowadays, people are more willing to avoid unfair treatment in the workplace than any other aspect. The fundamental concept behind Equity is an attempt to balance what has been put in and taken out at the workplace with a feeling of justice being served. Unconsciously, values are assigned to many various contributions made to the organization, hence causing an air of misbalance in the environment. There has always been a disparity in the view on the desirability or the cost effectiveness of policy measures. The importance of equity or reducing discrimination has gained a lot of attention in the labour market (Milkovich, Newman & Ratnam, 2009).
Corporate Social Responsibility (CSR) is the set of regulations that an organization makes to protect and increase the society in which it functions. There are three areas of social responsiblity: Organizational stakeholders, the natural environment and general social welfare.
What is equality? The first thought that arises in most our minds when we hear this word is the condition of being nondiscriminatory, particularly in cachet, entitlement and opportunities. Based on the Cambridge English Dictionary, equality refers the prerogative of multiple people groups to have a homogeneous social status and deserve identical treatment (Dictionary, 2017). Nonetheless, in the context of this research, equality is the unbiased treatment towards people regardless of their gender.
Equal employment opportunity involves both workplace nondiscrimination and affirmative action. Equal opportunity has changed the way businesses and organizations recruit, hire, and even act in the working environment. These changes have been put in place due to the increasing numbers of women, people with different racial and ethnic backgrounds, persons of different ages, their able-bodied ness, and religion.
Social responsibility is the part of the framework of an organization or individual which makes up an obligation to act for the benefit of society. There are many different ways act out social responsibility. The social responsibilities of a business can be classified according to the businesses relationships to the general public, customers, employees and investors. The companies that make their product or service with the rooted mindset of benefiting the community and the world around them do this by providing things like scholarship funds, all natural products, biodegradable storage, and or just by treating the consumer as well as the employees as individuals rather than a corporate dollar sign. Businesses may exercise
Equity on the other hand is related to the distribution of wealth. A quick definition could be that "Equity is where income is distributed in a way that is considered to be fair or just". [3] This could be easily seen in the struggle of women to receive equal pay as men when performing the same tasks. Legislation is in place in some countries to prevent that this discrimination doesn't happen and income distribution is equal and fair between men and women.
Corporate Social Responsibility is management’s obligation to protect and promote their stakeholders welfare. Social Responsibility is more than just obvious ethical issues like honesty and integrity in business dealings.
Nowadays, entrepreneurship becomes most popular career, where our government encourages our graduated student to involve in business so that unemployment will not happen in our country. Policymakers, academics, and researcher agree that entrepreneurship is a vital route to economic advancement for both developed and developing economics (Zelealem et al., 2004). Entrepreneurship has many types for example small business and others. Today small business, particularly the new ones, is the main vehicle for entrepreneurship, contributing not just to employment, social and political stability, but also to innovation and competitive power (Thurik & Wennekers, 2004).
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.
However, there can be more definitions about what Corporate Social Responsibility can be. For example, Corporate Social Responsibility can be the commitment which is continuing for a business to behave ethically and bring to economy the development to improve the workforces’ of the whole society and local community and their families’ quality of life. Corporate Social Responsibility is also known as the obligation of a company to serve the society’s interest and of course its own. With the help of the Corporate and Social Responsibility, social and environmental concerns companies can integrate into their business and stakeholders operations.