Premium Essay

Companies Responsbilities

In: Business and Management

Submitted By shafai82
Words 1943
Pages 8
Companies Responsbilities
Introduction
Company responsibility is a process which aims to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders. It is defined as a form of corporate self-regulation which is integrated into a business model. Company responsibilities functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms.
The term "corporate social responsibility" came into common use in the late 1960s and when many multinational corporations formed the term stakeholder, and organization's activities had a major impact on the stakeholders. There has been different views towards company responsiblities wherein Proponents argue that corporations make more long term profits by operating with a perspective, while critics argue that CSR distracts from the economic role of businesses. Others argue that it is an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations.
CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. There are different approaches towards social responsiblities, they are broadly clasified into two, the primary approach is Philanthropy which includes monitary donations and aids given to other organisations. Where in the other approach is garnering increasing corporate responsibility interest. This is called Creating Shared Value, or CSV. The shared value model is based on the idea that corporate success and social welfare are interdependent
Many companies use the strategy of benchmarking to compete…...

Similar Documents

Free Essay

External Company Is Called the Outsourcing Company

...External company is called the outsourcing company Project overview The objective of this project is to research about outsourcing various services to an external company. The external company is called the outsourcing company. This research is based on outsourcing call centers of Dell Computers. Dell Inc. is an American multinational information technology corporation based in United States, that develops, sells and supports computers and related products and services. The company is one of the largest technological corporations in the world, employing more than 103,300 people worldwide. Dell Computer's strategy was built around a number of core elements: build-to-order manufacturing, mass customization, partnerships with suppliers, just-in-time components inventories, direct sales, market segmentation, customer service, and extensive data and information sharing with both supply partners and customers. Through this strategy, the company hoped to achieve what Michael Dell called "virtual integration"—a stitching together of Dell's business with its supply partners and customers in real time such that all three appeared to be part of the same organizational team. Outsourcing Outsourcing can be defined as the contracting out of business function(s) to an external, provider. The ability of businesses to outsource to external companies outside the nation is referred to as offshoring or offshore outsourcing. Outsourcing is done for various purposes. Business......

Words: 1378 - Pages: 6

Free Essay

Company Q - a Company Without a Clue

...Company Q - A Company without a clue Part 1: An evaluation Company Q, a small local grocer, appears to be a company operating with a total lack of understanding of social responsibility. By closing stores in certain neighborhoods, ignoring customer demands for items and only offering a limited selection of in demand items, and by throwing away food that could otherwise be donated, Company Q shows a lack of dedication and compassion to their community, indifference to the wants of their customers, and a lack of responsibility to their employees and stakeholders. Part 2: Recommendations There are a number of things that Company Q can do to increase their social responsibility to the community that they serve, their employees, and stakeholders. First, Company Q can operate different types of stores in the different neighborhoods they serve. In lower-income areas stores can be operated as smaller neighborhood markets that offer fewer services and sell essential grocery items. Stores in middle-income, working class areas can be larger supermarkets that offer more services, and sell a mix of essential grocery items and specialty health and organic items. Higher-income areas can have stores that offer the same services as the general supermarkets, but offer a wider variety of specialty health and organic items along with imported and other high-end products. By diversifying the types of stores it operates, Company Q can respond to customer demands and expand its......

Words: 473 - Pages: 2

Premium Essay

Corporate Social Responsbility

...Introduction (Corporate Social Responsibility and the impact it has on society at a global level is studied (discussed/investigated) as we look at whether current regulations are sufficient or mandatory regulations are required in order to sustain our environment in the future.) Since the 1990’s there has been an increasing trend for companies to provide information regarding the environmental implications of their operations (Gozali et al., 2002). This has arisen due to the increasing importance of environmental issues worldwide, and as such there is increased discussion on whether environmental reporting should become regulated internationally or continue to remain voluntary. The environment disclosures are generally through a sustainability report, which may also include the social and economic performance of an organisation. This is commonly referred to as triple bottom–line reporting, and is tied together closely with the term Corporate Social Responsibility. What is Corporate Social Responsibility? While sustainable development is most commonly defined as ‘development that meets the needs of the present world without compromising the ability of future generations to meet their own needs’ (World Commission on Environment and Development – Brundtland Report, 1987), Corporate Social Responsibility focuses on the mission and values of an organisation and its obligations and impacts on a wider range of stakeholders. (CSR (promotes) principles are for......

Words: 1403 - Pages: 6

Premium Essay

Be Company

...income statements, balance sheets, and cash budgets based on sales increases of 500 units per month and 30-day advanced production for January through September. See attached income statements, balance sheets and cash budgets. When will the company need extra funds? How much will be needed? When can a short-term loan to cover the need be repaid? The company needs extra funds in April to keep from going into a negative bank balance by the end of April. If nothing changes the ending bank balance for April will be -$2500. A short term loan of $2500 will allow the company to continue operating through April. Unfortunately if nothing changes, they will need another short term loan of $25000 to operate through May, $37500 to operate through June, $40000 to operate through July, and $32500 to operate through August. If the business plan is not changed or customers made to pay within the net 30 terms, a short term loan cannot be repaid with the current sales and production schedule. 2. How is it possible that a company starts with $250,000 in capital and has profitable sales for a period of six months and still ends up with a zero bank balance? Why did Medieval Adventures need money in April? How could this need have been avoided? The company runs out of cash because the aggressive growth schedule cannot be sustained while the customers are allowed to pay invoiced 30 days late. Medieval Adventures needs money in April because the cost to produce the June inventory. Aaron......

Words: 1247 - Pages: 5

Premium Essay

Company

...5/8/2014 Most important document in constitution of a company is Memorandum | Law Teacher Need help? ☎ 0115 966 7966 Enter your search terms... Search Home Services Prices Order Quality About Us Law Help Contact Us My Account You are here: Law Teacher » Company Law » Essays » Most Important Document In Constitution Of A Company Is Memorandum Of Association Company Law Essay Most important document in constitution of a company is Memorandum Search all our free law essays... These essays have been written by students for you to use to help you with your studies. If you need your own custom law essay then we can help.... Get a quote for your own law essay... 0 Translate this page Select Language ​ ▼ Order Your Law Essay Search Share & Download Like 0 Print Download Email Order your custom law essay today to help you achieve the grade you need. Tw eet 0 Order Now Introduction The most important document in the constitution of a company is the Memorandum of Association of the company. The Articles of Association is the second most important document that needs to be registered by any company for its incorporation, registration and subsequent operation. It is a public document laying down the rules for the internal management of the company and it does not have the force of ‘law’. The provisions of the article amount to public notice, known as constructive notice. This is the doctrine of constructive notice.......

Words: 2872 - Pages: 12

Premium Essay

Personal Responsbility Esay

...take the route of being a friend, it may not always be what is best for him. College has the same principle, what may be easier may not always be the right approach. The world today is flooded with the temptation to cheat and cut corners when it comes to college. I must remain hardened in my resolve to maintain my ethics and core values in order to truly become a better and more well-rounded person due to the new knowledge I have obtained. Doing the right thing and having mental fortitude is something that creates character. My resolve to stick to my morals throughout any temptation in my life is something that has defined me as a man. By sticking to my morals at Phoenix I will graduate with more knowledge that will ultimately benefit my company as well as myself as an individual. There are very effective skills to set you up for future success if used effectively. Planning is the ability to organize a future task to complete it in a more efficient timely manner. Being a college student that also has the added responsibility of a family and a career, I had to implement an organized schedule that requires personal discipline to be able to successfully handle the many daily tasks ahead. Developing an hourly schedule with forward planning has provided me the luxury of staying on top of tasks ahead and not falling behind. I developed these skills to gain success in my personal and professional life and I believe they will be just as effective in my college career. “There is a......

Words: 1134 - Pages: 5

Premium Essay

Company

...incorporation is the creation of two independent bodies; the company and its membership. The membership of a limited company takes shares in a company. The shares held represent a member’s interest in the company. The nature and extent of this interest will determine the member’s right to participate in dividend payments as well as a member’s right to participate in the decision making policy of the company. Subject to any prohibition contained in the company’s constitution, a shareholder may freely sell or dispose of his shareholding interest. In respect of the company’s existence, it is quite irrelevant that the identity of its shareholder may change. A company’s legal existence is not dependent upon the survival of individual shareholders. Accordingly, a company is said to have perpetual succession. Although one person may in effect control and execute the affairs of a company by occupying several positions in the corporate structure – for example, an individual may be the majority shareholder, the company’s managing director and at the same time the company’s sole employee – such a person is not regarded as the company. The company has a separate legal entity. While a company holds its property and assets for the ultimate benefit of the associated tights of its membership, a member of a company may still be convicted A company’s board of directors is comprised of the individually appointed directors of the company. The board is the ultimate decision-making body and......

Words: 313 - Pages: 2

Premium Essay

Company

...visible part of ethics of an organization and has a core values. The field of responsible business practice is one of the most speedily budding corporate today. Now companies have to build shareholder value while harmonizing the increasing, ethical, social and environmental expectation of the society. In a nutshell, today companies have to make profits with principle, which will ultimately need companies to be more transparent. There is a consciousness that being responsible can actually be good for a company’s reputation and for a business. CSR particles in Bangladesh A socially responsible business environment is as much needed in Bangladesh as anywhere else. It’s really needed in a developing country like Bangladesh. In developing country, where social institution are still surfacing the corporate entities have to show more commitment. There are a lot of reason shows that CSR practices in Bangladesh must need to growing awareness and should emphasis. There, of course, was all old concept of CSR. But in Bangladesh this is changing, but not as fast as it is changing in other countries. Businesses now understand that social commitment brings recognition. All companies need to consider their CSR for two basic reasons. Firstly, because there is increasing pressure from all stake holders to do so. Any company that does not enlarge and promote its CSR policy to all its stakeholders will face increasing threats to its reputation. Secondly, become it makes a......

Words: 2122 - Pages: 9

Premium Essay

Teaching Business Ethics and Environmental Responsbility, Using Hinduism as a Tool.

...Teaching Business Ethics and Environmental Responsbility, Using Hinduism As A Tool. Abstract The crux of Hinduism is to revere nature in all its forms as they are considered to be manifestations of God himself. Even humankind is understood to be a composition of elements of nature and therefore maintaining a symbiotic relationship is essential for self preservation which is reinforced through the theory of karma which lays heavy emphasis on one’s action and corresponding rewards and punishment and therefore establishes adverse consequences to negative acts of destruction and depletion. The current paper proposes to use these basic tenets of Hinduism to teach business ethics to students through examples and validations from the Hindu texts and scriptures. This combination would help bring to class a synergetic combination of theology and business management where students shall find essence and a deep sense of association between the theological thoughts and their commercial applications. Key Words: Business Ethics; Hinduism; Management application; Education. Research Type: Concept Paper Affiliation Details: Dr. Ruchi Tewari; Assistant Professor; Amrut Mody School of Management (Ahmedabad University) Navrangpura; Ahmedabad – 380058 (India) Phone No.: 093761 44037 Email id: drtewariruchi@gmail.com; ruchi.tewari@ahduni.edu.in Introduction Human development has been over-zealous and has in the......

Words: 3051 - Pages: 13

Free Essay

Companies

...given for short answers, other than the good will of the marker. 12. Attention to presentation, expression, and the correct citation of cases, statutes and secondary sources will be rewarded. Footnote your responses on a page-by-page basis. Do not include a bibliography. 13. Plagiarism will be heavily penalised. Plagiarism is defined and discussed in the Academic Misconduct Policy available on the LMS. 14. Keep a copy of your work for your records. [pic] Assignment Glamour Developments Pty Ltd (Glamour) is a large proprietary company that constructs multi-level unit developments in inner Melbourne. Glamour has five directors: Jane, Mark, Po, Lim and Afshin. Mark is currently the Managing Director but has indicated to the company his desire to step down due to ill-health within the next month. It is anticipated that Jane will take over as Managing Director when he does so. In fact, the company has already provided Jane with new business cards which identify her as Managing Director for use once the formalities of her appointment have taken place. Sarah is an architect, known for her avant-garde architecture and use of environmentally-friendly materials. Jane loves Sarah’s work, which she reads about in New Design magazine. She makes an appointment to meet Sarah, giving Sarah her business card and introducing herself as the Managing Director of Glamour. Jane then enters negotiations with Sarah to design a new unit development for a......

Words: 1354 - Pages: 6

Free Essay

Companies

...Peter W, Boston Rowing Center  * Mark G, Aflac  * Nadia S, RDM  * Abel J, Dynamic REI Properties  * Lisiane J, Dynamic REI Properties  * Alexandra P, JOHNLEONARD  * Katrina A, JOHNLEONARD  * Cathi C, Neighoborhood Health Plan  * Tong Mei L, Financial services marketing company  * Chuck G, IndigoVision  * Charles F, New York Life  * Jasmine J, Weichert Realtors, Metropolitan Boston Real Estate  * Andrew R, Haworth  * Justin T, Equinox  * Jack M, Edward Jones  * Peggy G, CrowdComfort  * Douglas B, BHE Cloud Computing  * Mariangel M, Mariangel Moreno  * Helen W, MIT CIO Symposium  * Jonathan M, Trilogy Financial  * Steven S, Beacon Law Group, LLC  * Carol S, Sanchez & Santiago, CPAs  * Kevin H, WINNING, Inc.  * Alex A, Baker Engineering & Controls, Inc.  * meg v, liberty mutual  * Jannelle R, CENTURY 21 Commonwealth  * Alexandria N, Special Needs Financial Planning Team at Shepherd Financial Partners  * Tong Mei L, Financial services marketing company  * Brendan S, New York Life Insurance Company  * Chuck G, IndigoVision  * Jon C, Pro-Motions  * Jennfer Y, Aegon  * Cindy C, Virtual Cindy  * Jim H, Sikich LLP  * Jake S, McSweeney & Ricci Insurance Agents  * Amy C, Terry Chan, CPA  * Dick R, Greg Nanigian & Associates  * Phillip R,......

Words: 401 - Pages: 2

Premium Essay

Companies

...SERVICE COMPANY A service is business sells things that are not tangible. A service company does not stock inventory, but it may need to stock tools and supplies. For example, a gardener comes to mow the lawn for a fee. He is selling a service. He may need to supply his own lawnmower, which is a cost of doing business. A maid sells the service of cleaning houses, but she may or may not need to bring her own cleaning supplies. After selling a service, there is no widget to pack up. MERCHANDISING COMPANY A merchandise business sells merchandise. Good examples of merchandising businesses include retail clothing, grocery stores and bookstores. Many people use the term "widget" to refer to any merchandise a business offers for sale when discussing business issues and dynamics. For example, a sale in which a customer receives two widgets for the price of one may refer to any type of merchandise. It could mean two pairs of shoes for the price of one or two boxes of pasta for the price of one. A merchandising company purchases inventory items to resell to customers. The company buys from several vendors and provides a central purchasing point where customers can purchase everything in one stop. The customer benefits by making one convenient stop for all her needs. Inventory represents the primary asset of a merchandising company. The typical financial transactions of a merchandising company include purchasing inventory, storing the inventory and selling the inventory to...

Words: 260 - Pages: 2

Free Essay

The Company

...Tontine, and Volley. With our headquarters in Melbourne, Pacific Brands has operations throughout Australia, New Zealand, United Kingdom, Malaysia, China and Indonesia. The passion of our 5,000 employees is the driving force behind our success. Last financial year Pacific Brands generated sales of over $1.6 billion. Our participation in an extensive range of product categories, coupled with our strong and diversified customer network, underpin our position as a market leading supplier of everyday brands to the Australasian retail marketplace. We make in excess of 300,000 different products and sell over 200 million units per year. We leverage the benefits of our scale to increase efficiencies and generate innovation across the entire company. Ultimately, we seek to improve our speed to market and deliver quality products to our customers. Our brands have become iconic household names with the support of Australian sporting legends such as Sir Donald Bradman, Ken Rosewall, Evonne Goolagong Cawley, Margaret Court and Mark Waugh. Current identities actively endorsing our brands include Sarah Murdoch, Pat Rafter, Kate Ceberano, Cathy Freeman and the Bondi Rescue boys. Pacific Brands is committed to creating products that meet the changing needs of consumers. We will innovate. We will excite. We will make more of the everyday...

Words: 272 - Pages: 2

Premium Essay

Company

... Riordan Manufacturing Company is expanding the infrastructure by reducing the cost of their raw materials and entire finished products. The company has an old MRP Information System (IS) and this project we will provide an opportunity to upgrade the infrastructure that will be cost efficient in the way they track their inventory. Goal of the Project: The company would like to develop a new MRP to track and manage their raw material and finished products. This will reduce their cost throughout all companies and their plants. Business Objectives: * Accurately track and manage raw and finished products * Reduce inventory cost of raw and finished products * Improve MRP infrastructure The company would like to make sure that is feasible in developing a new MRP II System to ensure the company can track and manage their products and reduce the cost of materials. We will upgrade the company communication infrastructure. Limitation: * Financial – The project should not to exceed $750.000 * Time – Both systems need to be running at the same time until all the kinks are out of the system, so we will have 12 months to get it online. * Resources – The Company will bring in a third party technical analysis team to provide the expertise needed for the project. * Policies - They will provide new polices on the new system. Information Technology Requirement: The company will use a third party group to make sure...

Words: 557 - Pages: 3

Free Essay

Company

...Top companies of India that use diversity as one of their strengths: 1. Infosys The diversity team at Infosys focuses on propagating and promoting diversity and inclusivity among employees through ACTION which stands for: * Audit inclusivity and diversity levels * Create change agents * Train the managers * Initiate and implement alternate work models * Organize and assist affinity groups * Network with external bodies to benchmark practices Infosys Women Inclusivity Network (IWIN) promotes a gender-sensitive work environment. IWIN recognizes the unique aspirations and needs of women. It provides avenues for vocational, personal and psychological counsel to enable professional and personal development. Infosys won the first NASSCOM-India Today corporate award for excellence in gender inclusivity in 2007. Infosys actively seeks to hire and train persons with disabilities. In 2006 and 2007,Infosys BPO received the Helen Keller award for the best employer from the National Centre for Promotion of Employment for Disabled People (NCPEDP).Infosys announced an intake of 300 graduates from universities in the US in 2006 and about 25 from universities in the UK in 2007 as part of itscommitment to create a diversified workforce. The new employees will develop their engineering skills at Infosys Development Centers across India for six months before returning to Infosys offices in the US. 2. Google India Diversity is an essential component of the......

Words: 710 - Pages: 3