ADVANTAGES AND DISADVANTAGES OF STAKEHOLDER THEORY 5.1. Advantages • The main advantages of stakeholder theory are that the theory is not only a single model to resolve the problem of identifying the proper objective of corporations, but also considers economic and ethics issues that make companies take social responsibilities and to present fairness to everyone involved in business. • The theory is a good combination between economy and ethic that enables the corporation to grow and promote social wealth as a whole. • The theory suggests that if the interests of shareholders are concerned by directors, not only stakeholder’s value will be increased but also the social wealth will be enhanced ultimately. • A great social wealth will be produced as companies win the loyalty from their shareholders.
Corporate Social Responsibility is a management concept whereby organizations coordinate social and environmental concern in their business operations and associations with their partners. Corporate social responsibility or "CSR" is a corporation which drives to evaluate and assume liability for the organization's consequences for natural or environmental and social wellbeing. The term applies to attempts that go later on what may be required by controllers or natural or environmental protection groups. CSR might likewise be known as "corporate citizenship" and can include acquiring short-term expenses that don't give a prompt money related advantage to the organization, however rather advance positive social and natural or environmental change.
Indeed, poverty reduction is the central development policy agenda of the Ethiopian Governments’ and the rural poor is at the heart of the development endeavors. In its effort to fight against urban and rural poverty, the current Ethiopian government recognized that the development of financial markets in particular, microcredit services as one of the major poverty reduction strategies put in place and; hence, set a legal framework for establishment and operation of microfinance institutions to provide financial services to rural small-scale farmers, urban poor households and
This is a way to strengthen the corporate strategy by integrating the social conditions. The best way to be the good corporate citizenship is to specify clear and measurable goals, and to track their results over time. However, the company’s strategy should go beyond than just being the good corporate citizenship – this is regarded as strategic CSR implementation. Strategic CSR implementation provides the firm a unique position and a tandem compound that are involved in both “inside-out” and “outside-in” dimensions (Porter & Kramer, 2006). It is also highly important to integrate inside-out and outside-in practices.
Also, the formulation of a mandatory framework of compliance to corporate social responsibilities would lead to enhanced awareness and contemplation of social and environmental effects of corporate organizations’ activities and operations. This is because the attention of the organizations’ management and personnel would be re-focused on sustainability, social, and environmental concerns (Coombs & Holladay, 2012). As a result, little violations of the legal regulations would be expected. This would lead to more benefits and well informed decisions made by the organizations in regard to the impacts they cause on the communities and environment they operate in, as well as their financial gains. Lastly, corporate organizations would be compelled to observe higher ethical standards, which would foster social stability and
ABSTRACT Corporate Social Responsibility (CSR) is a management concept where the companies strive to do good for the society, more than what the law demands. While the term is not new, the way CSR is viewed has been gradually evolving. What was once considered a waste of capital, is now being used to venture into international markets, create trust amongst stakeholders, strengthen the brand and ensure sustainable development. CSR is distinct from philanthropy, charity or sponsorship since it helps the company with more than just reduction of poverty or protecting the environment. These companies aim to achieve sustainable global development by following a more comprehensive set of working objectives than just profit alone.
Arguing that while in some cases it may be true that CSR has proved beneficial to target communities, it also appears that CSR is driven not so much by philanthropic considerations as the profit-maximising calculations of business, implying that corporations are involved in altruistic gestures only if it makes sense business wise (Aaron, 2011). However, Moir (2001) did
MASINDE REGISTRATION NUMBER FI/0424/T.2014 A Research Paper Submitted in Partial Fulfillment of the Requirements for Degree of Masters of Science in Finance and Investment Coventry University in Collaboration with Institute of Accountancy Arusha. CERTIFICATION I, the undersigned certify that I have read and hereby recommend for acceptance by Coventry University the dissertation entitled: “Implementation of ABC on Company Performance, a Case of Coca-Cola Company in Tanzania” in fulfillment of the requirements for the degree of Masters of Science in Finance and Investment offered in collaboration between Institute of Accountancy Arusha and Coventry University. DECLARATION I, Salum R. Masinde, declare that this dissertation is my own original work and that it has not been presented and will not be presented to any university for similar or any other degree award. Signature…………………………………………
FACULTY OF INFORMATION TECHNOLOGY AND MULTIMEDIA COMMUNICATION CBMS4303 MANAGEMENT INFORMATION SYSTEM ASSIGNMENT TITLE: Proposal report of the way of how Management Information System (MIS) can be used to improve DEX’s highway management and maintenance operations. Name: Tang Wai Mooi Matric number: 791208145414001 NRIC: 791208-14-5414 Telephone number: 012-3115965 E-mail address: firstname.lastname@example.org E-Tutor's name: Rames A/L Mariapan Learning Centre: Open University Malaysia, Petaling Jaya. MAY 2015 SEMESTER TABLE OF CONTENTS 1. OBJECTIVE OF THE PROPOSAL AND DEFINITION OF MANAGEMENT INFORMATION SYSTEM (MIS)…………………………3 2. BENEFITS GAINED BY DEX IN USING MANAGEMENT INFORMATION SYSTEM (MIS) FOR HIGHWAY MANAGEMENT AND MAINTENANCE
The corporate social responsibility require the enterprises must beyond the traditional concept “ make the profit as the only goal” emphasized the contribution to the environment, consumers and the society and the value of the human in production process. (Corporate social responsibility) Actually, the CSR theory is good for the businesses. But someone point out a question “must the enterprise bear the social responsibility?” There are also two