Socially responsible investing

improving health and well-being. Mackey continued: “Just as people cannot live without eating, so a business cannot live without profits. But most people don’t live to eat, and neither must a business live just to profit.” This shows that some socially responsible efforts come at a price, which will be inevitably passed on to consumers. However, Price states in CQ Researcher article, on the topic of Corporate Social Responsibility, that some conservatives oppose CSR activities. The reason for…

Many people today may agree that the capitalist structure is partly to blame for the cause of social, environmental and economic problems. In Michael E. Porter’s and Mark R. Kramer’s article “Creating Shared Value” they present an uplifting perspective into reinventing capitalism by coming out of an old business mind set and releasing a new way of business enhancing innovation and responding to social needs. What would usually be seen as a threat, may now be an opportunity and the future of…

This argument gives rise to the thesis known as Adam Smith’s famous conception of the invisible hand. This theory offers the idea that some “invisible hand” serves as the conductor for a prosperous society ensuring resources are ideally allocated to all participants (Pfarrer, 2010). In brief, Friedman claimed that when businesses pursed only profits and was granted to do so under no restrictions, that they would inherently benefit the interests of others. However, this presented argument faces…

Recently, scholars and managers have devoted great attention to corporate social responsibility(CSR). Consistent with McWilliams and Siegel(2001), we define CSR as situations where the firm goes beyond compliance and engages in ‘actions that appear to further some social good, beyond the interests of the firm and that which is required by law’. On Wikipedia, corporate social responsibility(CSR) is defined as a form of corporate self-regulation integrated into a business model. Corporate social…

by 50 percent ;ensuring 100 percent of Samsung’s products are eco-friendly and exceed global eco-mark standards; investing 5.5 trillion Korean won in different eco-management initiatives including eco products, energy saving machineries and greening of industrial facilities; and increasing green partnerships with suppliers. (Leader, 2009). Samsung one of those companies which is investing huge funds in eco-technology. The company producing eco-friendly constriction technologies for the future,…

How did he apply it to the Nixon Presidency? Weber Bureaucratic theory was applied to Nixon Presidency by Max Weber, idea of bureaucratic management. Weber studied ways in which businesses can run a more formal structure to organizations and how that can benefit society. The government of the United States is an example of a bureaucratic management organization. It consists of powerful, fixed and organized offices. Weber fashioned the idea of bureaucratic management where administrations “are…

Personal Arenas and Differentiators • What type of work do I want to do? I want to be a CEO in NGO like Unicef ,then I want to establish my own company that it will help as much as people. To address issues that impacts people's life and be an advocate for civil rights and human equality. • What leisure activities do I like? I want to live within walking distance of my home . I like to walk from my home to the city centre to get my essential. Walking paved paths and sidewalks. I also like…

CSR is defined as “the obligations of Corporations to pursue those policies, to make those decisions or to follow those lines of action which are desirable in terms of the objectives and values of our society. The CSR view is that corporations are members of the ethical community and therefore, They have responsibilities that are similar to those of other citizens of the country, and these responsibilities fall into four groups: 1. financial Responsibility 2. legal Responsibility 3. moral…

Today, the growth of modern business is closely associated with the social development. According to Needle, 2010 , ‘Some companies have acknowledged that there is enhanced corporate to be gained through recognizing that capitalism will be most successful when it cares for its customers, its producers, the environment and the communities in which it operates.’(Needle, 2010, P245) This usually be called “corporate social responsibility”, which means that business have responsibility to make some…

According to an article by Paul Lamb there are 1.4 million non- profit organizations that are charities in the United States. I know what you’re thinking; this seems like a really big number. This just means that there are an increasing number of charity work opportunities for us, therefore we gain lots of new skills. Here are some reasons why charity work is good for everyone. One of the great things about charity work is that it can give you a new perspective and you gain new life…