According to Milton Friedman, the social responsibility of business is to create shared value for all stakeholders, including customers at the bottom of the pyramid, through redefining products and markets. True False
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- The research department of Mark ‘2’ Limited in a recent stakeholder meeting argued that socially responsible businesses win the trust and respect of their employees, customers, and society and, in the end, increase profitability. With the knowledge you have acquired in this course, discuss an organization’s social responsibilities to its key stakeholders, the environment, and the community.To aid global efforts for implementation of ethical behavior in the international and domestic corporate environment, the United Nations drafted ten goals called the "The United Nations Global Compact." Question 5 options: a) True b) FalseHow might Scripps and Food Network contribute to the highestlevel of the social responsibility pyramid—philanthropy
- Please research the topic of the covid relief fund and labor shortage on the internet. Describe the relationship between the federal government's policy on the covid relief fund and the labor shortage, and answer the following question: How do you think the federal government’s covid-19 emergency relief fund policy affects businesses in the US?A Good Corporate Citizen includes 1. The responsibilities can take various forms like: 2. Conservation of resources 3. Maintaining ecological balance 4. Increasing job opportunities 5.Donating a part of their income to educate the society 6. Promoting the overall welfare of society Can you explain it with examples?Please please i need this with explanation in own words not copy Why is CSR important, in your opinion? What is your opinion on the current phase of corporate social responsibility in the business world? Explain what are the main challenges facing the field.
- What role should government play in social responsibility? Should government create more regulations to encourage businesses to uphold their responsibility to stakeholders? Or, should government take a laissez-faire approach and allow businesses to be only as socially responsible as they choose?What type of social issues are the following initiatives according to Porter and Kramer's CSV framework? Generic Social Issues, Social Value Chain Impacts, or Social Aspects of the Competitive Context? A. JetBlue are working closely with the Federal Aviation Administration (FAA) on implementing an updated air transportation system which will allow them to fly more direct flights and save on the fuel used. B. JetBlue have created the T5 farm at terminal 5 of JFK Airport New York. The urban farm produces potatoes and herbs using organic methods and recycled materials. C. JetBlue are investing in start-up projects such as Joby Aviation, who are developing fully electric passenger aircraft. D. JetBlue partners with The Nature Conservancy studying the value of Caribbean coral reefs in order to motivate the conservation of coral. Also, one third of JetBlue’s flights are to/from the Caribbean. E. JetBlue has started to voluntarily offset the CO2 emissions of all domestic US…Corporate social responsibility is just a scam to generate revenues and earn fame in the respective fields. Give a few examples of such incidents where the responsible firms have been exposed. How the firms manipulate consumers for their own benefits?
- Achieve equal distribution of goods and services: possible or not? Should everyone get an equal amount of these? Should some people get more than others? Should some goods and services (such as education and health care services) be distributed more equally? Proof your position.Imagine that you are the owner of a dairy food company in Akkar. You desire to establish a CSR plan in your company Explain how Carol's pyramid can be applied in your company. Give clear and detailed examples of CSR activities. (Talk in very specific details) -What are the benefits of the above-suggested activities on the stakeholders and on your company. (Talk in very specific details)Milton Friedman stated that "few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible." What are two arguments in support of his assertion and two against? Support: Non-Support: