The Impact Of Social Responsibility On Business...

Throughout many years, numerous business organizations around the globe have not only determined Social Responsibility to be the key concept in leading an organization to success, but also many of these companies have recognized that this is now a significant ethical practice to incorporate into their business model. Although various firms are becoming increasingly involved in Social Responsibility, the question has been raised to determine the significance of implementing this concept within contemporary organizations; which leads to the purpose of discussion in this essay: Is Social Responsibility beneficial to business organisations or it is only imposed expenditure of time and money? This essay will explore the key aspects of social responsibility such as the extended concept definitions of corporate social responsibility, performance and responsiveness. Also, this essay will provide a further insight into both the benefits and disadvantages of social responsibility; along with e vidential support of New Zealand Organisation examples who implement this business practice. In terms of business organisations, social responsibility has been identified by previous studies to possess several other interrelating concepts such as corporate social responsibility (CSR), corporate social responsiveness, and corporate social performance (CSP); however, these concepts are all viewed in a relaively broader term, namely being corporate citizenship. Although there are many alternativeShow MoreRelatedThe Social Performance Of Apple Incorporation And The Impact Of Corporate Social Responsibility On The Multinational Business Organization987 Words   |  4 Pagesyears, most business organizations have adopted various strategies that have enhanced the social performance in the society. Corporate social responsibility plays a fundamental role in improving the relationship between a business and the local community (Taylor, 2010). Social performance of a business can ensure that it builds the good reputation among the customers thus improving the sales of the firm. This paper examines the social performance of Apple incorporation and the impact of corporateRead MoreSocial Responsibility Of A Business1444 Words   |  6 Pagesareas of business and nonprofit management. However, Cohen’s article on social responsibility drew a lot attention from other scholars like Friedman. In view of this, this paper will discuss and define the concept of social responsibility of a business to its workers, stakeholders, and society; how the perspectives align with that of Drucker; comparing Cohen’s opinion with that of Friedman and finally determines which of the two individual’s opinion best aligns with the current business climate promotingRead MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesCorporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiativesRead MoreCorporate Social Responsibility ( Csr ) Essay1369 Words   |  6 PagesBusinesses have a responsibility to give back to the customers they serve and the communities they operate in. Today, many organizations have realized the importance of corporate social responsibility (CSR) in response to consumers and stakeholders becoming more mindful of social issues. Corporate social responsibility has continued to change and grow. It can be difficult to define CSR because it takes on a variety of social, economic, political and environmental fo rmats depending on the business. CorporateRead MoreThe Impact Of Corporate Social Responsibility On Business1626 Words   |  7 Pages In contrast, this research shows that the impact of corporate social responsibility can extend beyond public relations and customer goodwill to influence the way consumers evaluate a company s products. Specifically, this research documents that acts of social goodwill--even when they are unrelated to the company s core business, as in the case of charitable giving--can alter product perceptions, such that products of companies engaged in prosocial activities are perceived as performing betterRead MoreCorporate Social Responsibility ( Csr ) Encompasses Business Practices Involving Actions988 Words   |  4 PagesCorporate Social Responsibility Corporate social responsibility (CSR) encompasses business practices involving actions that benefit the organization and the stakeholders, which comprises of the society (Schermerhorn, 2012). â€Å"CSR is becoming more mainstream because pioneer companies are embedding sustainability into the core of their business operations to create shared values collectively for business and society.† - Liz Maw Understanding Microsoft’s Corporate Social Responsibilities MicrosoftRead MoreCorporate Social Responsibility ( Csr )1167 Words   |  5 PagesCorporate Social Responsibility Introduction Corporate social responsibility (CSR) is a concept which is also known as corporate citizenship, corporate conscience or in a simple way a responsible business. It is an integrated concept of self-regulatory business model for any organisation. Corporate Social Responsibility has been in practice for more than fifty years now, which has been adopted not only by domestic companies but also by transnational company with voluntary CSR initiativesRead MoreDefine Ethics and Social Responsibility and Explain Why They Share Common Characteristics in an Organisational Setting. Identify Recent Examples Where Ethical Practices or Social Responsibility Have Not Occurred and the Implications for Stakehold...1651 Words   |  7 Pagescompanies or organizations viewed ethics,social responsibility,business ethics only in terms of administrative compliance with legal standards and adherence to internal rules and regulations. Today the situation is different. Attention to them is on the rise across the world and many companies or organizations realize that in order to succeed, they must earn the respect and confidence of their customers. Like never before, corporatons are being asked, encouraged and prodded to improve their business practicesRead MoreCorporate Ethics And Social Responsibility1528 Words   |  7 Pages Corporate Ethics and Social Responsibility Amanda Rabius PHL/320 10/9/17 Hank Reeves â€Æ' Corporate Ethics and Social Responsibility Ethics and Corporate Social Responsibility in the corporate world are very important. By understanding business ethics and socially responsibility, companies can develop and implement a socially responsible plan. Organizations are no doubt an assembly line of different networks that are both complex and dynamic in nature which face various conflicts. With this, a qualitativeRead MoreThe Dimensions Of Social Responsibility Essay922 Words   |  4 PagesThere are four dimensions of social responsibility are economical, legal, ethical, and voluntary including philanthropic (Ferrell, Hirt, Ferrell, 2009, p. 41). The economic dimension is the basis that the firm demands profits and being profitable assures its endurance. A firm is accountable to its shareholders, to its employees and to the customers in the economic sense. It has the responsibility to make profit for the investors that trusted the corporation with their funds and have a reasonable

Swot Analysis Burger King - 1234 Words

NAME: Karim Mohammed Khalaf ID: 1351510255 Ø ¨Ã˜ ³Ã™â€¦ Ø §Ã™â€žÃ™â€žÃ™â€¡ Ø §Ã™â€žÃ˜ ±Ã˜ ­Ã™â€¦Ã™â€  Ø §Ã™â€žÃ˜ ±Ã˜ ­Ã™Å Ã™â€¦ PART 1 (10 points) In about 300 – 400 words, write an essay analyzing the below case study using the SWOT framework. 1-STRENGTH: Although, it reported higher revenues in 2002 than did Burger King. the company as a whole generated $2.73 billion in revenues in 2002 , up 14.2 percent from the previous year with headquarter in Dublin , Ohio , the corporation operated over 9,000 restaurants in 33 countries worldwide . 1-STRENGTH: Several; unique features were embedded with both pitfalls and advantages The company’s super value menu was definitely one of its strongest asset. 2- WEAKNESSES: Wendy’s also offered several unique products such as Frost’s and Spicy Chicken Sandwich, as well as many healthy alternatives like salads, baked potatoes and even chili. 2-WEAKNESSES: There is a one weak point in Wendy’s business plan is that there was the lack of an easily recognizable product comparable to McDonald’s Big Mac or Burger King’s Whopper. 3-OPPURTUNITIES: Wendy’s, early on sought to distinguish itself in a rapidly growing industry by providing its customers with a unique fast-food experience 3- OPPURTUNITIES: Stated that the company planned to increasingly use acquisitions of smaller brands and joint ventures as the primary driver of future growth. In selecting potential acquisition targets. 4-THREATS: Burger King’s menu also offered a few items that set it apart from other fast-foodShow MoreRelatedswot analysis of burger king1845 Words   |  8 PagesSWOT Analysis Overview Strengths:†¢ Strong market position -BKC is the worlds second-largest FFHR chain as measured by the total number of restaurants and system-wide sales.†¢ Greater franchise mix -As a result of its higher franchise mix, the company is able to grow with minimal capital expenditure and is assured of regular income in the form of fees and royalties.†¢ Robust financial performance -Revenues and Income have consistently grown providing a platform for Global Brand Equity.ï‚ §future growthRead MoreBurger King/Tim Hortons SWOT analysis982 Words   |  4 Pagesï » ¿ SWOT Analysis for Burger King Tim Horton’s Burger King-Tim Horton’s Internal Factor Evaluation Strengths Weight Rating Weighted Score Tim Hortons revenue 0.08 4 0.32 Tim Hortons same-store sales growth 0.09 4 0.36 Tim Hortons market shares in Canada (70% baked goods, 75% coffee) 0.09 4 0.36 Burger King size 0.05 3 0.15 Tim Hortons brand image 0.09 4 0.36 Burger Kings brand recognition 0.04 3 0.12 Tim Hortons healthier options 0.07 3 0.21 Burger Kings tax savings of 8.5% (moving headquartersRead MoreSwot Analysis: Mcdonalds vs. Burger King2969 Words   |  12 PagesSwot Analysis McDonalds vs. Burger King Organizational Diagnosis by Fastalk Consultants In diagnosing the McDonalds organization, the first issue we will examine is their company goals. McDonalds has a goal of one hundred percent total customer satisfaction. However, they do realize that this goal is not always attainable. Therefore, if for any reason they do not meet that goal, they will do whatever it takes to correct their mistake. McDonalds has a second company goal that sets themRead MoreSwot Analysis of Mcdonalds vs. Burger King1445 Words   |  6 Pageswould be the ones to sell it. But now, two years shy of Kroc s benchmark for the far-off future, that goal seems less assured than ever. Forget for a moment all the recent talk about Burger King Corp. and Wendy s International Inc. stealing customers from McDonald s. With a 42% share of the U.S. fast-food burger market, McDonald s still easily outpaces its rivals. Nonetheless, the problems under the famous Golden Arches are far more serious than a failed Arch Deluxe here or a french-fry war thereRead MoreCompany Analysis On Burger King1549 Words   |  7 PagesMondal Instructor Name: Jay Fisher Date: 02/10/2014 Assignment: Company Analysis on â€Å"Burger King† Introduction: Burger King is a worldwide American chain of fast food restaurants, starting from Miami, Florida. The organization was established in 1953 by David Edgerton and James Mclamore and as of now works in excess of 13,000 outlets in 79 nations. The organization menu has transitioned from their customary burger, fries and pop to a more extensive assortment. Pretty nearly 90% ofRead MoreBurger King Case Study1437 Words   |  6 PagesPrin. Of Marketing Burger King Case Study In the fast food world the market for the consumer’s dollars is as cutthroat as in any market out there. So far McDonald’s and its golden arches have reined supreme, leaving the leftovers for the likes of Wendy’s and Burger King. After several years of steadily declining profits, and upset franchisees, Burger King decided it was time for a change, both in its approach towards it marketing structure to the way it built and supplied new locations. WithRead MoreBurger King Assignment3472 Words   |  14 PagesIntroduction: James Lamore and David Edgerton in the year 1954, marked the beginning of Burger King restaurant in Miami, Florida which is widely known as Burger King Holdings, Inc. today (annualreports.com/company/2878). Over a period of time, Burger King became the household name in fast food industry and has bagged the second position in the fast food industry across the globe in the year 2010. Burger King expanded its operation to 12,300 locations in 76 countries catering to over 11 million customersRead MoreThe Fast Food Restaurant Market1002 Words   |  5 Pagesswitching costs, as mentioned before, are low; thus making it easier for the consumers to switch between McDonalds and Burger king without suffering a substantial loss. There is a high performance-to-cost ratio. However, McDonalds has special menus depending on which country they are working in, so that is a positive factor on McDonalds favor. For example, in Mexico they have a special burger with â€Å"jalapeà ±o† taste, w hile in Germany might have a â€Å"bockwurst† special. Since McDonalds introduces local flavorsRead MoreCompetitor And Financial Analysis : Burger King Essay964 Words   |  4 PagesCompetitor Financial Analysis Burger King has similar strengths and weaknesses as McDonald’s, but where Burger King falls short is in its â€Å"concentrated operations in terms of geographic presence and dependence on selected distributors† (Burger King Worldwide 4). McDonald’s has a much larger operation that is not dependent upon a smaller chain of distributors like Burger King. Burger King is also threatened by the â€Å"competition from well-established foodservice companies† (Burger King Worldwide 4) likeRead MoreCase 6 Burger King: Selling Whoppers in Japan1289 Words   |  6 Pagesï » ¿Case 6 Burger King: Selling Whoppers in Japan Submitted by: Dolly Estrellado Nelma Mae Mameloco Charlene Sorongon BSBA 3-A Submitted to: Miss Cherry Ganancial I. Point of View: Our point of view regarding this case is that Burger King can also find a better growth opportunity in Japan by its new marketing strategy. II. Problem Statement: a. Burger king failed to effectively target the cost conscious consumer and instead promoted its premium burgers

Enlightenment and Constitution Free Essays

Enlightenment and the Constitution The United States is a nation established in 1776 on a set of principles: liberty, equality, and self-government. These ideals derived in part from broad lessons of history, from the colonist, and treatises such as those of Locke and Rousseau. Liberty is a principle that individuals should be free to act and think as they choose, as long as their actions don’t infringe on the rights and freedoms of others. We will write a custom essay sample on Enlightenment and Constitution or any similar topic only for you Order Now Equality is a notion that all individuals are equal and entitled to equal treatment under the law. Self-government is the principle that the people are the ultimate source and proper beneficiary of governing authority. These principles were the foundation for the United States set forth and written by our founding fathers, but taken from rulers and minds of Europeans during the Enlightenment period. The Enlightenment was an eighteenth- century intellectual movement whose proponents believed that human beings could apply a critical, reasoning spirit to every problem (Hunt, Lynn, Martin Rosenwein, page 545). During this period the rulers, writers, and thinkers gave the back bone to the Declaration of Independence, the United States Constitution, and the Bill of Rights. Although before we get to this period and how it shaped the United States we will have to go back a little further to 1651. In 1651 an English philosopher Thomas Hobbes had his work Leviathan published. Hobbes argued that government rests on a social contract in which the people give up certain freedoms they would have in a state of nature in return for the protection that a sovereign ruler can provide. Almost a half of a century later, an English philosopher, John Locke, used Hobbes concept of social contract in his Second Treatise on Civil Government. Locke claimed that all individuals have certain inalienable rights, including those of life, liberty, and property. When people form a government for securing their safety, they retain these individual rights. However Locke saw the social contract a bit differently. The agreement to submit to governing authority is based on the premise that government will protect these rights, if the government fails to the people can overthrow the government and form a new one( Patterson,page 14-15, 30). Thomas Jefferson declared that Locke â€Å"was one of the three greatest men that ever lived. † Jefferson paraphrased Locke’s ideas in passages of the Declaration of Independence. Including those that, â€Å"all men are created equal,† that government derive â€Å"their just powers from the consent of the government,† and that â€Å"it is the right of the people to alter or abolish a tyrannical government. The Declaration was a call of revolution rather than a framework for government. However the ideas contained in the document: liverty, equality, individual rights, self-government became the basis for the Constitution of the United States (Patterson, page 30). In Voltaire’s, Treatise on Toleration and Jean Jacques Rousseau , Social Contract we find more Enlightenment thinkers ideas framed in the Constitution. The ideas the Constitution receives from these works are the basis for Amendment I, freedom of religion. Voltaire states in A Treatise on Tolertion,† Religion was instituted to make us happy in this life and in the other. † â€Å"Christians should tolerate each other. † â€Å"I, however, am going further: I say that we should regard all men as brothers, are we not all children of the same father and creatures of the same God? † Voltaire is setting the basis for freedom of religion, saying that the people must show Universal Tolerance for all. Rousseau takes it even further in The Social Contract. He states, â€Å"it is of importance to the State that each citizen should have a religion requiring his devotion to duty, however the dogmas of that religion are of no interest to the State. † Rousseau sets forth the idea that the government shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof, as stated by the First Amendment of the Constitution. Finally Cesare Beccarria and Empress Catherine the Great both have an idea that resides in the Constitution. That idea is that all men are innocent until proven guilty. In Beccarria’s Crime and Punishment he states, â€Å"No man can be judged a criminal until he be found guilty: nor can society take from him the public protection until it have been proven that he has violated the conditions on which it was granted. Empress Catherine states in her Proposal for a New Legal Code in Russia, â€Å"No man ought to be looked upon as guilty, before he has received his judicial sentence; nor can the Laws deprive him of their protection when it is yet dubious, whether he is Innocent or Guilty?. The United States is a nation established in 1776 on a set of principles: liberty, equality, and self-government. These ideals derived in part from broad lessons of history, from the colonist, and treatises from the Enlightenment Period. Men and women from Voltaire, Jean Jacques Rousseau, Cesare Beccarria, and Empress Catherine the Great have given ideas that our founding fathers saw and deemed worthy to be put in the United States Constitution. Thomas Jeffers on himself based many ideas in the Declaration of Independence from concepts written by John Locke that became the basis for the Constitution of the United States. Where would the United States be without these enlightened minds from Europe? Works Cited Beccarria, Cesare, Crime and Punishment Catherine the Great, Proposal for a New Legal Code in Russia Hunt, Lynn, Thomas R. Martin and Barbara H. Rosenwein; The Making of the West Bedford/St. Matin’s, Boston, New York, 2009 Locke, John, Second Treatise Patterson, Thomas E. , The American Democracy, Mc Graw Hill, New York, NY, 2009 Rousseau, Jean Jacques, Social Contract Voltaire, Treatise on Toleration Europe? How to cite Enlightenment and Constitution, Papers

Reflection for Management Under Uncertainty- myassignmenthelp

Question: Discuss about theReflection for Management Under Uncertainty. Answer: Introduction In the subject, management under uncertainty, we were given the project of writing an annotated bibliography on a specific subject. We were given the assignment of creating an annotated bibliography of twenty pages. It was a group project and we were given the task of making annotated bibliography of different topics in the assignment. All the group members were given different sections of the assignment and they have to complete it at the assigned time. In addition, the team members also needed to make decisions regarding the roles assigned to different team members, how the team will communicate and complete the assignment. We also need to decide how disputes or conflicts can be resolved during the team progress. As stated above, there were five members in the group (Williams, Wooliams Spiro, 2012). All the team members were given different task and they have the opportunity to choose different topics according to their preference. However, we also decided that in order to maintai n the quality of the assignment and assure that the project is completed properly; we need to conduct regular team meetings. The group members can get feedback on their work and resolve any issue arisen during the completion of the assignment. According to the personal perception, this decision was beneficial and assisted us in making the best assignment. Analysis While developing the group assignment, we made several decisions regarding the assignment. We decided that the people should communicate regularly for the successful accomplishment of the project. While conducting the project, it was realized that there were some conflicts related to the content of the annotated bibliography. Although there was harmony between the team members, one of the team members was not satisfied with the work of another team member. It created issues between both of them. The team member performing the task was assured that his way of approaching the task was proper; however, another member was of the viewpoint that the problem should be addressed differently. We realized that the group would not be able to function properly if both the members will fight in such a manner. Therefore, it is important to intervene and take decisions to resolve the issue between different members. We analyzed the problem and understood that although the perspective of both the te am members was different, both the perspective were justified and correct (Bolton, 2014). Therefore, the second team member should be asked to back off and let the other team member do all the work. According to the personal perception, this decision was correct as it resolved the conflict and prevented other issues to be created in the near future. The functional group decision-making theory is an appropriate theory for the decision-making in a team. This theory emphasizes on a practical approach toward the decision-making so that effective decisions can be taken. The teams or the groups should try to create equilibrium between the job responsibilities as well as relationships between different members. A team can work effectively if different team members are able to maintain a harmonious relationship. Factors such as apology or friendship are important in maintaining a harmonious relationship. There are four basic functions in an effective decision-making, namely, problem analysis, goal setting, identity alternatives and evaluation and selection (Handler, Handler Gill, 2011). The problem analysis is the first function in an effective decision making and the group member looks at the likely causes of a problem. The group members must figure out what is the real problem in an organization and what are the symptoms of the probl em. Another phase in problem solving is goal setting in which the group members identifies what can be the possible solution for a problem. The group members identify what are the potential solutions for a particular problem. In this phase, the group members come up with as many solutions as possible; however, they stick with one solution. In the next phase, the team members identify the different alternatives. The team members find as many solutions as possible in this phase. Brainstorming is conducted to find the best solution; therefore, it is best to find the best possible solutions for the organization. The last phase of his model is evaluation and selection phase. In this phase, the team members of the organization evaluated each alternative and pick the best solution for the organization (Dainton Zelley, 2014). It can be critiqued that the current team undertook effective decision making process. The current decision making process aligned with the functional group decision-making theory. The group analyzed the problem of the conflict between two group members and found that the conflict arose due to the unnecessary intervention of different team members. In this regard, it can be evaluated that the team members need to resolve the issue by taking proper intervention steps. The team members understood the perspectives of different team members and tried to analyze the perspective of different parties. After thorough evaluation, it was critiqued that the intervention of another team member is creating issues in the work of other team members. Although the other team members were not having any problem with the first team member, they were also not happy with his attitude. Critical Discussion The decision-making is a complex process. There are several aspects to a decision and each aspect yields a different result. Although there are several alternatives to a successful decision, the selection of the right decision in important. In an effective and proper decision-making, the interest of all the stakeholders should be considered. There are several frameworks to analyze the efficacy of a decision. The eight-step decision making process is the best model for decision making. According to this model, there are eight steps in effective decision making. In the first step, the problem is defined. The problem definition is the most important part in effective decision-making, such as definition of root causes, identifying ant stakeholders issues and organization boundaries. In the second step, requirements are identified for an acceptable solution. Any acceptable solution to the problem should meet a certain criteria. The requirements to the solution must define what the solutio n may do. In the third step, the organization must establish goals for the intent of decision-making (Littlejohn Foss, 2009). The goals of the organization must be stated properly. In the fourth step, alternatives are identified for the organization. The alternatives should be able to change the initial condition of the situation into the desired condition. The different alternatives should be able to meet the initial requirements and goals. In the fifth step, a criterion should be defined to measure how each alternative is performing to achieve goals. The criterion should be able to complete, operational and precise in its judgment. It is important that the criterion has an input from the decision-maker and it should be able to accurately judge different alternatives. In the next step, the decision-maker selects the best-fit decision-making tool. The selected tool must be able to address the problem accurately. The selection of the tool is also dependent upon the complexity of the problem and the experience of the team. In the seventh step, the selected tool is judged according to the criteria. The alternatives can be judged according to the quantitative, qualitative methods or their combination. In the last step, the decision is evaluated against a problem statement (McKee, Kemp Spence, 2012). The solution is validated to ensure that it solves the problem identified. The original problem is identified in accordance to the goals and requirements. The decision of stop making people intervene in the work of others was effective in enhancing the overall productivity of the organization. The current decision was effective in improving the overall efficiency of the team members. The decision is evaluated in the eight step framework and it is deduced that the decision was effective in increasing the productivity of the organization. Recommendations It can be recommended that the effective decision-making is essential in the growth and progress of a team. It is important that a team has specific structure and format for the decision making. The decision-making framework will benefit the team players in taking good decisions. It is also important for the progress of the team or the organization. It is recommended that the team should ask for the participation of all the ream members in a decision. The process of brainstorming will effectively assist the team in gathering new ideas and innovative techniques for problem-solving. The organization should also identify the underlying or root cause of the problem so that the solutions can effectively address the issue. In the present case, all the team members actively participated in the decision making process. However, in order to pick the best solution for the problem, it is important that all the solution or the approaches should be judged according to the criteria. References McKee, A., Kemp, T., Spence, G. (2012). Management: A Focus on Leaders. Pearson Higher Education AU. Williams, K., Wooliams, M., Spiro, J. (2012). Reflective Writing. Palgrave Macmillan. Bolton, G. (2014). Reflective Practice: Writing and Professional Development. SAGE. Handler, C.E., Handler, C., Gill, D. (2011). English and Reflective Writing Skills in Medicine: A Guide for Medical Students and Doctors. Radcliffe Publishing. Dainton, M., Zelley, E.D. (2014). Applying Communication Theory for Professional Life: A Practical Introduction. SAGE Publications. Littlejohn, S.W., Foss, K.A. (2009). Encyclopedia of Communication Theory. SAGE