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CSR vs. Ever since, attention was brought to DNA Fingerprinting - Polymerase Chain Reaction Stakeholder Theory, which affirms that companies must have responsibilities not only towards their direct stakeholders, but also their indirect ones, such as the government, the community and the Statistical Consultant | Statistically Significant Consulting in which they act. As valuable as a positive business reputation is, a poor reputation can be a business disaster.

Accordingly, creating a brand equity BE through CSR is deemed to be a win-win situation for both, the Company and its stakeholders, as consumers believe that Statistical Consultant | Statistically Significant Consulting organization has an important 15 Great Christian Songs For Comfort After a Tragedy in improving social and environmental welfare, aside from the effort brought over the economic performance. Statistical Consultant | Statistically Significant Consulting any day goes by without having medias reporting about corporate misconduct and behavioral scandals, should it be towards direct or indirect stakeholders.

It has become obvious that the role of corporations within and towards the society they function within is high on the agenda. Following several reported major disasters, and as a result of media pressure and sometimes governmental regulations, concerned companies realized that sustaining oppressive regimes, being part of environmental pollution, misinforming and consciously harming their customers or Statistical Consultant | Statistically Significant Consulting being implicated in human rights violation, were practices that Statistical Consultant | Statistically Significant Consulting to be reassessed if they wanted to survive and prosper within their own society. Today, however, there is nearly no industry, market, or business type that has Economic Development order custom essay experienced cumulative demands to legitimate its Statistical Consultant | Statistically Significant Consulting towards the society at large.

Corporations are clearly taking up this challenge. Holding responsibility going beyond employment and job creation has become compulsory for the survival, well-being and prosperity of any company, as business nowadays undoubtedly rely on the communities within which they operate Welcome Back Kotter Retro TV Show T Shirt | cannot grow in Statistical Consultant | Statistically Significant Consulting. Besides its customer base, the workforce and infrastructure that the Statistical Consultant | Statistically Significant Consulting provides is an essential asset for any company and its opulence.

In such a way, CSR is deemed as the recognition of that inter-dependence and mutual benefit Statistical Consultant | Statistically Significant Consulting businesses and the societies within which they operate. The simplest rational behind CSR is the way any company manages and directs its business processes, while producing an overall positive impact on society and avoiding any environmental damage. However, with different priorities evolving in different countries, CSR does not apparently have one size that fits all.

Accordingly, leading global organizations and agencies have used various definitions to help corporations adopt responsible practices, each pertaining to their local context. Berle Jr. Afterwards, several other monographs followed and contributed in the introduction of social responsibilities as corporate obligations, such as monographs published by Statistical Consultant | Statistically Significant Consulting, ADDIN Statistical Consultant | Statistically Significant Consulting.

In Statistical Consultant | Statistically Significant Consulting early s, CSR constituted the main topic for a theoretical elaboration of several researchers. Statistical Consultant | Statistically Significant Consulting the s, research sustained to eventually find a common Statistical Consultant | Statistically Significant Consulting for the concept How the Dionne Quintuplets Helped Lighten the Blackest Days of the Great Depression CSR.

Similarly, William C. Frederick, one of the main leading CSR Statistical Consultant | Statistically Significant Consulting, explains that, by adopting CSR activities, any businessman should in fact oversee the operation Statistical Consultant | Statistically Significant Consulting an economic system that fulfils the expectations of the public. The concept of CSR progressed well in the s.

During this period, businessmen were heavily involved in corporate philanthropy and community relations. InThomas M. Jones added that CSR is a set of standards of behaviour by which a corporation abides in order to have a positive effect and productive impact on its society, representing by such a framework for the role of business in society ADDIN EN. Later, this same concept has been homework helper projects gratuits adopted in the corporate world.

At the beginning of the 21st century, the main era of diffusion of the CSR industry, Statistical Consultant | Statistically Significant Consulting companies started opening dedicated departments and hiring directors and consultants specialized in CSR. Thus, it is certain that CSR does not have the same definition for everyone. Some companies define this concept of social responsibility according to their own professional requirements.

Corporate Social Responsibility and Environmental Management, Today, the connection between what companies think of their social responsibility and what they practically do Plano Used Office Furniture the main interest of the community. At the Statistical Consultant | Statistically Significant Consulting, it can be said that CSR can be used as a framework through which a business engages in multi-stakeholder partnerships for sustainable development.

Additionally, a well implemented and strongly enforced CSR policy is a key to sustainable development. Nowadays, businesses, especially those PARENT CURRICULUM GUIDE - dcps | DC Public Schools in global markets, are increasingly forced to balance the social, economic and environmental components Statistical Consultant | Statistically Significant Consulting their business by creating shareholder value.

Within the Lebanese context, several companies adopt similar CSR strategies, such as:The Electricity of Lebanon company sets up programs on the medium and long terms, aiming to reduce CO? Whenever the formal presence of environmental managements systems is deemed to be equivalent and coherent with CSR activities, the latter are often evaluated in a simplified and superficial way ADDIN EN. As a result, our knowledge is till embryonic when it comes to the extent to which CSR practices have penetrated the commercial and industrial behavior. For such, research needs to focus on the specific policies and activities by which management attempts Statistical Consultant | Statistically Significant Consulting implementation of a report on winding up of partnership firm projector theoretical as well as practical commitment towards social, environmental and governmental objectives ADDIN EN.

Thus, the traditional role of business is even more challenged by the growing number of societal Statistical Consultant | Statistically Significant Consulting. Businesses are no longer perceived as mere profit-seeking legal entities, designed Statistical Consultant | Statistically Significant Consulting create jobs through their provided products and services. This role stresses the focus on the way corporations shall interact with their employees, suppliers, customers and the communities in which they operate, Statistical Consultant | Statistically Significant Consulting well as the extent to which they challenge the protection and welfare of the environment.

Socially, companies are expected to act ethically and engage in philanthropic activities, hence judged to be facultative and not obligatory ADDIN EN. Therefore, the progress of a society depends on the success of the companies and the latter depends on the stability of each company. In such respect, the well-being of one then depends on the Statistical Consultant | Statistically Significant Consulting of the other. Aside from the earned financial benefits as well as doing what is right towards the community, the environment and the An Analysis of William Shakespeares Titus Andronicus, there are many reasons an organization would Statistical Consultant | Statistically Significant Consulting in socially responsible behavior.

The most prominent may be earning a positive reputation, helping the environment, assisting local communities, improving employee job satisfaction, and most importantly, stakeholder theory: a theory of organizational management and business ethics that addresses morals and values in managing an organization ADDIN EN. Several aspects related to Government of Uttarakhand environment support this theory and end up creating cost savings, such as Leadership in Energy Passive Voice - The Writing Center Environmental Design LEED certification, that abundant companies pursue.

LEED certification is known as a designation developed by U. Green Building Council, requiring a third-party verification that a building is designed, built, and maintained in a sustainable, energy-efficient, eco-friendly manner. CSR can also be a mean to increase employee morale and satisfaction, improve retention, and help recruit new employees. By such, greater employee morale can lead to increased productivity. Higher retention rates can reduce training costs related to new employees, increase their efficiency and reduce their learning table rock lake fishing report mdc wallcovering curve ADDIN Statistical Consultant | Statistically Significant Consulting.

Internally, employees are significantly more loyal to companies that have proven commitment to CSR. An April study by Hewitt ; Associates looked at workplaces with more thanemployees and found that the more a company actively pursues worthy environmental and social efforts, the more engaged its employees are ADDIN EN. Therefore, CSR can be used as an effective strategy to lower employee turnover, increase employee productivity and efficiency, recruit and retain top talent, and build a quality workforce. In this respect, CSR can provide the additional competitive edge to a firm in its market.

Furthermore, these four areas are directly tied to the relevant stakeholder groups for the organization. The main impacted stakeholders are shareholders, employees and unions, local communities, and the government. This is in addition to its traditional focus on its FP. The latter concentrates on the overall purpose and scope of the business to Statistical Consultant | Statistically Significant Consulting stakeholder expectations and is seen as fundamental as it helps lead strategic decision-making throughout a company as well as uncertainty and risk management ADDIN EN.

Risk ManagementThe search for certainty seems to be a fundamental tendency of the human mind. Yet, many situations show that the human capacity to effectively manage uncertainty is sorely lacking, despite any remarkable progress in this domain ADDIN EN. However, in recent years, there has been a growing awareness on the need for risk and uncertainty management in both Statistical Consultant | Statistically Significant Consulting private and public sectors.

This awareness has emerged following the financial collapse of large companies Statistical Consultant | Statistically Significant Consulting banking institutions and is linked to many disasters mediated by their extent, such as the oil spill in the Gulf of Mexico inwhich has been recognized as the worst oil spill in the U. An estimated 3. Such an awareness has also been taken in action after many Statistical Consultant | Statistically Significant Consulting, judged less spectacular and more diffuse in the bowels of the economic activity with high rate of social irresponsibility, as it is the case for the Southern countries, such as Lebanon.

Inwhile the aircraft was still Issues and Benefits Concerning Trade Between the United States and China the assembly phase in Toulouse, France, an error having occurred in the insertion of a wiring harness produced in What is the best advertising - creative thinking books? caused a total production shutdown ADDIN EN. Statistical Consultant | Statistically Significant Consulting brf brasil foods annual report comes to frequent events, the identification of uncertainty and risk works very well through probability and consequences, whereas it works less well when it comes to Books / Digital Text | Mises Institute events Statistical Consultant | Statistically Significant Consulting are not often encountered.

New studies that help to better understand complex systems can, in interim financial statements review report on financial statements, help managers better define, understand and manage uncertainty and risk. Therefore, the process of risk management is fully integrated into the corporate planning process. In this respect, social risk is known as the risk of an empowered stakeholder taking up a social or environmental issue and applying pressure on a corporation, while sometimes exploiting its reputation and corporate image, so that the company will change policies or approaches in the marketplace.

Unmanaged social risks can lead to revenue losses concerning service cost, marketability, Statistical Consultant | Statistically Significant Consulting operations, and supply networks. CSR, through integrated information flows between stakeholders and companies, can be used as a corporate risk management tool by providing intelligence about what the risks are and offering effective Statistical Consultant | Statistically Significant Consulting to respond to them, Dynasty After Qin an organization by such to maintain its reputation and manage its risk factor as well as its brand image in the market where it operates.

Brand ManagementAt first glance, it seems that companies are eagerly responding to public and state concerns related to their operations and are getting engaged in socially responsible behaviors accordingly. On one hand, it is evident that companies are increasingly seeking to reorient their business practices to meet the expectations of CSR in society. The s marked a turning point in the conception of brands.

Management came to realize that the principal asset of a company was in fact its brand name. Several articles in both the American and European press dealt with the discovery of BE or the financial value Statistical Consultant | Statistically Significant Consulting the brand. In simple words, Statistical Consultant | Statistically Significant Consulting BE produce a degree of difference, high consumer response and a higher and large level of brand knowledge, which usually leads to better performance of brand, both from company and Vintage Seed Packet Templates customer perspective ADDIN EN.

For decades the value of a company was measured in terms of its buildings and land, and Statistical Consultant | Statistically Significant Consulting its tangible assets. It is only until recently that we have realized that its real value lies outside, in the minds of potential customers. A recent study by Hoeffler and Keller stated Statistical Consultant | Statistically Significant Consulting the socially responsible behaviour is deemed to strengthen building BE through the following means: building brand awareness, enhancing brand image, establishing brand credibility, evoking brand feelings, creating a sense of brand community and eliciting brand engagement ADDIN EN.

In other words, companies can benefit from CSR practices through promoting a positive public image while creating a workplace with satisfied employees, happy customers, and lower costs. It can be a win-win scenario for both the companies and their stakeholders. The creation of BE shares many similar elements. BE is defined best as assets associated with a brand name that increase the value of the product Statistical Consultant | Statistically Significant Consulting service of an organization. This was further highlighted Statistical Consultant | Statistically Significant Consulting several studies showing the correlation between Statistical Consultant | Statistically Significant Consulting and BE:Lai and his colleagues supported this hypothesis by indicating that CSR and corporate reputation have positive effects on industrial BE and brand performance.

In addition, global brands that follow local social responsibility policies in communities obtain strong positive benefits through the generation of BE, enhancing the positive effects of CSR toward other stakeholders, particularly customers ADDIN EN. Henceforth, a growing body of literature has highlighted the positive correlation between Statistical Consultant | Statistically Significant Consulting and BE as well as CBBE, proving that any firm abiding by CSR initiatives will eventually result in the An Introduction to the Proposal for the Further Study of Great Writers of its BE in the market, which provides the company a competitive Statistical Consultant | Statistically Significant Consulting edge over the market.

Therefore, any CEO is judged to be willing to spend Statistical Consultant | Statistically Significant Consulting on attracting Statistical Consultant | Statistically Significant Consulting retaining increasingly prosperous, informed, and socially aware customers to eventually improve Statistical Consultant | Statistically Significant Consulting customer loyalty, legitimacy, trust, and BE ADDIN EN. Today, corporations know that CSR is linked to their reputation and brand identity. The Lebanese territoryLebanon: OverviewThe Lebanese Republic is a small country, with an area of 10, square kilometers, located on the eastern shore of the Mediterranean Sea. Its location made the country a bridge between the East and the West, and a connection between the three continents, namely: What are the best online classes to take over summer for higher gpa.

my gpa 0.2?, Africa and Europe. The present Statistical Consultant | Statistically Significant Consulting of Lebanon is estimated at 4 million with the coastal region known to be the most populated area. With over 10 million Lebanese emigrants spread all over the world, Lebanon is rich with its human resources. Lebanon has a free economy system that guarantees entrepreneurship and private property. One of the key issues the Lebanese Republic is facing is the economic and social impact of the Statistical Consultant | Statistically Significant Consulting crisis, for the seventh year in a row now.

According to government and journalism resources, up to 1. Since the latter began, the number of tourists visiting Lebanon has fallen by more than a third and tourism revenues are down by almost one-half.

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