OMM 640 week 5 assignment 1

Apr 5th, 2015
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Chaquinta R. LearyBusiness Ethics and Social ResponsibilityCase Study Corporate Social Responsibility Ashford UniversityAlan SwankJanuary 14th, 2013Contemporary business environment is more demanding and require businesses to not only focus on the maximization of shareholder's wealth but also show concern for all stakeholders. Within general business practices, there are many factors that are changing in order to ensure that every stakeholder benefits from continued function of business. In past, businesses perceived to affect its stakeholders in negative way, but true importance of stakeholders have been realized in the contemporary world (Frederick, 1998).For a company, there are varieties of ways in which it can implement corporate social responsibility measures for benefits of all stakeholders. CSR practices of businesses are not same as charity; in fact business does something good for its employees and community in return for the benefits it receives from them. It is the society where business operates conducts its business and use many resources of society in production process or delivery of services, so it is the form of responsibility of business to do something for well-being of the society and its employees. (Frederick, 1998) Recently, practices of corporate social responsibility have become an integral part of business practices, it delivers good impression about any company and it is rated highly than the companies that are not involve

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