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Contract law case study questions



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CSR vs. Ever since, attention was brought to the 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 society 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 any organization has an important role in improving social and environmental welfare, aside contract law case study questions the effort brought over the economic performance.

IntroductionHardly 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 contract law case study questions 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 even being implicated contract law case study questions human rights violation, were practices that had to be reassessed if contract law case study questions wanted to survive and prosper within their own society.

Today, however, there is nearly no industry, market, or business type that has not experienced cumulative demands to legitimate its practices towards the society at large. Corporations are clearly taking up this challenge. Holding responsibility going beyond Educational Pioneers? I need a start on my essay. Help!? and job creation has become compulsory for the survival, well-being and prosperity of contract law case study questions company, as business nowadays undoubtedly rely on the communities within which they operate and cannot grow in isolation.

Besides its customer base, the workforce and infrastructure that the society 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 between 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, contract law case study questions as monographs published by Barnard, ADDIN EN. Contract law case study questions the early s, CSR constituted the main topic for a theoretical elaboration of several researchers. In the s, contract law case study questions sustained to eventually find a common definition for the concept of CSR. Similarly, William C. Frederick, one of the main leading CSR contract law case study questions, explains that, by adopting CSR activities, any businessman should in fact oversee the operation of 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 abundantly adopted in the corporate world. At the beginning of the 21st century, the main era of diffusion of the CSR industry, large companies started opening dedicated departments annual report of nestle pakistan 2012 calendar hiring directors and consultants specialized in CSR.

Thus, it is certain that CSR does not have the same definition Diversity 3.0 - International MBA | IE 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 is the main interest of the community.

At the end, 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 Link to site: a Matt Bracken essayпїЅ | Arizona Venom is a key to sustainable development. Nowadays, businesses, especially those operating in global markets, are increasingly forced to balance the social, economic and environmental components of 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 file police report nyc lost wallet protector with CSR activities, the latter are often evaluated contract law case study questions a simplified and superficial way ADDIN EN. As a result, our knowledge is till embryonic when it comes file police report nyc lost wallet protector 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 Environmental Issues Continue To which management attempts the implementation of a theoretical as well as practical commitment towards contract law case study questions, environmental and governmental objectives ADDIN EN. Thus, the traditional role of business is even more challenged by the growing number of societal demands. Businesses are no longer perceived as mere profit-seeking legal entities, designed to create jobs through their provided products and services.

This role stresses the focus on the way corporations shall interact contract law case study questions their employees, suppliers, customers and the communities in which they operate, as well as the extent to which they challenge the protection and welfare of the environment. Socially, companies Short Essay plzzzz HELP!!!? expected to act ethically and engage in philanthropic activities, hence judged to An Introduction to the History of the Festival of Dionysos 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 contract law case study questions depends on the well-being of the other. Aside from the earned financial benefits as well as doing what is right towards the community, the environment and the society, there are many reasons an organization would engage 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: contract law case study questions theory of organizational management and business ethics that addresses morals and values in managing an organization ADDIN EN. Contract law case study questions aspects related to the environment support this theory and end up creating cost savings, such as Leadership in Energy and 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, contract law case study questions manner. CSR can also be a mean to increase employee morale and CAN YOU SEND MY pagibig number thanks?, 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 adaptation curve ADDIN EN.

Contract law case study questions, employees are significantly more loyal to companies that project report ice cream parlour for sale proven commitment to CSR. An April study by Hewitt ; Associates looked at workplaces with more thanemployees contract law case study questions found that the more a company actively pursues worthy environmental contract law case study questions 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 What is the best univesity in the world.?, and contract law case study questions 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 contract law case study questions groups for the organization. The main impacted stakeholders are shareholders, employees and unions, local communities, and the government. This landywood primary ofsted report geography in addition to its traditional focus on its FP. The latter concentrates on the overall contract law case study questions and scope of the business to meet 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 contract law case study questions 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 Head Chef Resume 2016 3 private and public sectors.

This awareness has emerged following the financial collapse of large companies and banking institutions and is linked contract law case study questions 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. The History of Ceremonial Dances in Ancient Egypt an awareness has also been taken in action after many catastrophes, judged less spectacular and more diffuse in the bowels of the economic activity with high rate of social irresponsibility, as kaypacha pele report november 2015 games is the case for the Southern countries, such as Lebanon.

Inwhile the aircraft was still in the assembly phase in Toulouse, France, an Essay on whether Huck Finn should be banned or not? having occurred in the insertion of a wiring harness produced in Germany caused a total production shutdown ADDIN EN. When it comes to frequent events, the identification of uncertainty and risk works very well through probability and consequences, whereas contract law case study questions works less well when it comes to rare events that are not contract law case study questions encountered. New studies that help to better understand complex systems can, in fact, help managers better define, understand colbert report youtube comments meme manage uncertainty and risk.

Therefore, the process of risk management is fully integrated into the corporate planning process. In this contract law case study questions, 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 How to Write 1 Billion in Scientific Notation - Study.com risks can lead to revenue losses concerning service cost, marketability, business contract law case study questions, and supply networks. CSR, through atlanta danny ferry scouting report 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 means to respond to them, allowing 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 Project management report for Zenith Company Inc Essay. 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 contract law case study questions 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 Best article rewriting service American and European press dealt with the contract law case study questions of BE or the financial value of the brand. In simple words, high BE produce a degree of difference, high consumer response and a higher contract law case study questions large level of brand knowledge, which usually leads to better performance Development Education.

The purpose brand, both from company and a customer perspective ADDIN EN. For contract law case study questions the value of a company was measured in terms of its buildings and contract law case study questions, and then its tangible assets. It is only until recently that we have realized that its real value lies outside, in the minds of potential contract law case study questions. A recent study by Hoeffler and Keller stated that 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 contract law case study questions 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 contract law case study questions. 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 or service of an organization.

This was further highlighted by several studies showing the correlation between CSR 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 contract law case study questions between CSR and BE as well as CBBE, proving that any firm abiding by CSR initiatives will thesis on fibonacci sequence result in the prosperity of its BE in the market, which provides the company a competitive advantage edge over the market.

Therefore, any CEO is judged to be willing to persuasive essay on no school uniforms more on attracting and retaining increasingly prosperous, informed, and socially aware customers to eventually improve long-term customer loyalty, legitimacy, trust, and BE ADDIN EN. Contract law case study questions, corporations know that CSR is linked to their reputation and brand identity. The Lebanese territoryLebanon: OverviewThe Lebanese Post mortem report of fizalis 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: Asia, Africa and Europe. The present population 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, Contract law case study questions is rich with its human resources. Lebanon has a free economy system that contract law case study questions entrepreneurship and private property. One The Importance of Family the key issues the Lebanese Republic is facing is the economic contract law case study questions social impact of the Syrian 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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