The construction blocks of corporate reputation: emotional appeal, vision and leadership, social responsibility, workplace environment, financial performance, and quality of products and services. How does one measure Recognition, trust, financial performance, retention? Trust important factor. Collins and Han (2004), in a survey of 99 organizations, found that corporate advertising and firm reputation had direct effects on the applicant pool quantity and tone.
By using the three main categories for Corporate Strategy which is stability, growth and retrenchment would guide the corporations toward its goal and objective. The advantage of corporate strategy in connection with the corporation’s goal and objectives is that a corporation can gain financial advantage if it enters into a joint venture or acquires other companies it can increase profits, cash flow and borrowing power. Another strategy is functional strategy. This is used to maximize resource productivity and achieve corporate and business unit objectives and strategies. It is concerned with developing and nurturing a distinctive competence to provide the corporation with competitive advantage.
The participants include the board of directors, managers, shareholders, creditors, auditors and stakeholders (Ramadhan, 2012). It further identifies the rules and procedures incorporated in decision making within corporate issues. Incorporation of corporate governance enhances the development of a structure that seeks to enhance proper achievement of organizational objectives through identification and incorporation of social, legislative, market and environmental aspects that directly affect the corporate functions of the organization. The adoption of the Act sought to ensure that businesses adopted high operational standards necessary in influencing the adoption of effective financial procedures that meet the stakeholder interests. Therefore, the adoption of the Sarbanes-Oxley Act within U.S. firms remained instrumental in ensuring that the firm meets the financial obligations of stakeholders through the adoption of the corporate governance
ASHLYN BROWN CORPORATE GOVERNANCE Wimpy Franchise of Famous Brands 2/26/2015 The background of Wimpy corporate governance policies as a Famous Brand subsidiary WHAT IS CORPORATE GOVERNANCE? Corporate governance is a policy that all business or franchises relate too. It refers to corporations that control and direct the rights and responsibilities among different businesses. This policy includes the procedures in making decisions and to set objectives to make their specific company improve their growth. http://www.nucleussoftware.com/OnlineAR2012/Gov/image/figure2.JPG http://www.kimberley.co.za/wp-content/uploads/PL-Wimpy2.jpg Famous Brands Limited: Wimpy • This is franchise; Wimpy is seen as extremely
It includes an organization's unique expectation, experiences and philosophy. Corporate culture is based on written and unwritten rules that have been developed over time. The culture is rooted in an organization's goals, strategies, structure and approaches to labor, customers, investors and the greater community. It affects the ways a company is conducting its business, how they treat their employees and customers. A good corporate culture can increase the organizations productivity and performance.
Session: Autumn 2017 Subject Name: Research Methods and Design Subject Code: MIST 949 Instructor Name: Dr. Feras Hamza Assignment Type: Literature Review Assignment Title: Social Justice in Education: A Literature Review Submitted by: Humaid Obaid Khalifa (ID: 2985287) University of Wollongong in Dubai Abstract This document is a review of social justice literature that provides an analysis of the social justice and equity literature in education. The objective of this literature review is to examine articles that have addressed the education sector in order to expand the set of social justice principles that helps in building the good practice. The study commences with an examination of the concepts and perspectives of social
3.1. Corporate Social Responsibility Study on CSR is element of the derivation of business-based peace building. At the Initial stage, CSR generally focused on environmental degradations, human rights and labor concerns, but the concept was expanded to incorporate society and the dynamics of conflicts in general. This transformation manifested by the hard work of several NGOs and at present the recognized vision on CSR is that MNCs should look beyond their economic and legal responsibilities and employ approaches that benefits society and especially host communities. The expansion of CSR was reinforced with a joint effort of UN and a number of MNCs, when they formed the Global Compact.
Siegel (2014:221 ) highlights the importance of the interdisciplinary aspect of responsible leadership given a debate about how responsibility should be defined, especially since any definition is heavily impacted by the context within which it takes place. While he supports the view that leaders are responsible only to shareholders to maximize profit, Waldman (2008:121 ) defines responsibility with a much larger scope that includes other stakeholders. The latter’s approach ties responsible leadership to disciplines rooted in stakeholder theory and indeed makes of the leader a champion of movements like corporate social responsibility, corporate social performance, and the likes (Maak & Pless,
Freeman (1984) in his book Strategic Management, states that the stakeholder approach provided the foundation for the stakeholder theory which was later used by other researcher. The basic proposition of the stakeholder approach is that the firm’s success is dependent upon the successful management of all the relationships that a firm has with its stakeholders. Jensen and Meckling (1976) argued that when viewed as such, the conventional view that the success of the firm is dependent solely upon maximizing shareholders’ wealth is not appropriate because the entity is perceived to be a nexus of explicit and implicit contracts between the firm and its various stakeholders. Clarkson (1995) in his study on corporate social performance concluded that it was unavoidable to distinguish between stakeholder and social issues that is, issue that concern more stakeholder groups. These issues may not necessarily be but quite possibly, be the same concern of the society.
4). Different scholars have proposed several methods to integrate the needs for profits with corporate social responsibility; in this context, John Elkington developed a new approach to measure corporate sustainability denominated the Triple Bottom Line. The new method expands the original corporate goal of focusing on profits by also including the assessment of the company 's environmental and social performance (Boswell, Davis, & Jackson, 2011).