Businesses operate in the society The association of a company and the community leads to a dynamic relationship. Enterprises strive for a symbiotic relationship which can benefit all stakeholders and avoid conflict. With the social performance of organizations becoming an element of success, it is essential to analyze companies such as...
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It is said that it is better to learn from other people’s mistakes as opposed to struggling your own. While the statement has some truth in it, it is unfortunate that curiosity pushes an individual into doing things that result in negative consequences. Life is a journey full of lessons...
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Scandals involving corporate responsibility and ethics have recently plagued the business community. For example, the Wells Fargo account scam, the Starbucks case, Volkswagen defrauding carmakers, and the most recent price gouging of the Daraprim drug by Turing Pharmaceuticals through its CEO Martin Shkreli. These blunders demonstrate unequivocally that ethics in...
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Four Main Theories on Corporate Social Responsibility There are four main theories on corporate social responsibility; political theory, instrumental theory, legal theory, and integrative theory. In instrumental philosophy, entrepreneurship is seen as a revenue-generating tool, and social enterprises are just a means of achieving economic performance. Political philosophy is self-interested in...
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