Social business

speak upon the social media and its impact that it has on marketing for a business. When starting a business, marketing your company is very important. Without promoting the products and services that you have your business will fail. There are many forms of marketing that can be used to showcase you company and get your name out there. Social Media is a popular form and can be very economical for starting out. Jayson Demers of Forbes.com states, some of the importance of using social media for…

with the misconception that the primary purpose of corporations is to increase profit for their shareholders even in cases of eleemosynary organizations. Milton Friedman in his 1970 article The Social Responsibility of Business is to Increase Profit, illustrates that the central responsibility of a business is “to use its resources and engage in activities designed to increase its profits” (pg 6). His reason being those corporate executives and managers are agents who are morally and legally…

Corporate Social Responsibility has been defined in several ways over the past decades. Many believe that CSR is an ethical approach in which businesses considers the impact of their operations on the environment, while others argues that it is void of meaning. However, in its contemporary context CSR is brilliantly defined as corporations involved in voluntary social and environmental efforts that transcends legal and ethical regulations (Davis, 1973; Piacentini; MacFadyen, & Eadie; McWilliams…

Social Performance Corporate social responsibility is the the obligation of an entity for their actions to align with the interest of their stakeholders, the environment and society in general (Birt 2014). Qantas has eight key business principles and group policies in order to maintain a socially responsible business. These policies have been board approved and are non-negotiable. They are presented in a mandatory training program to ensure they are understood and reliably implemented by all…

The presentation regarding Impact of Social Media on Global Business made by our classmate Jugal Kajiwala explained why social media is so important to Global Business. Besides the concept of social media, we saw the evolution of social media, since before 1990’s until golden era of social media. People is using social media daily in their life, business are change and us as Global Manager need to be aware with the opportunities and challenges that social media can provide. I’ve learned by…

Client My client is Joel Goodsen, from the movie Risky Business. Joel is a senior in high school, in the year 1983, he in an only child and lives with his parents in a wealthy neighborhood. His parents go out of town for a couple of days, and in those days Joel makes many bad choices that could damage his and his friends life, and their futures. Diversity Joel is a Caucasian male around 18 years old. It does not specify his religion or his beliefs in the movie, but based on his parent’s…

Corporate Social Responsibility is a term that is being coined more often in the world of international business today. There are have been raising concerns over the ways in which corporations are In recent years, an increasing number of companies worldwide established and integrated the CSR policy. The number of organizations reporting their financial, social and environmental achievements is increasing as members of the public demand companies to disclose how they conduct businesses in…

in this respect, is social networking. Chis andTalpos (2011) best describes the rapid evolution of social network as “It took 13 years for the Television to expand globally. 53 years for the radio and 7 years for the Internet. Facebook (the most famous social network) needed only 9 months (p. 84). The use of social networking has evolved the methods of communication used by the masses. Social networking allows “users to present themselves; express, establish, and maintain social connections with…

In his article, The Social Responsibility of Business is to Increase its Profits, Milton Friedman argues that the only duty of a company towards society, referred to as a social responsibility, is to work towards the best interest of its owners; usually to maximize profits within the confines of the law . As a company is not an intelligent being, Friedman uses corporate executives as the primary subject of most of his arguments. As an employee of a firm’s owners, an executive is under legal…

Why business should be concerned about social sustainability? I was going over the Internet and I received on social sustainability and in particular, regarding its meaning. It is about a process for creating sustainable, successful places that improve wellbeing, through understanding what people need form the places in which they live and work (Wikipedia.com). Social sustainability includes many aspects such as labor rights, social responsibility, human rights and so on. So I started…