PreparationCorporate social responsibility (CSR, also called corporate conscience, corporate citizenship, or responsible business) is a form of corporate self-regulationintegrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with thespirit of the law, ethical standards, and national or international norms. With some models, a firm's implementation of CSR goes beyond compliance andengages in "actions that appeár to further some social good, beyond the interests of the firm and that which is required by law." The aim is to increase long-term profits and shareholder trust through positive public relations and high ethical standards to reduce business and legal risk by taking responsibility forcorporate actions. CSR strategies encourage the company to make a positive impact on the environment and stakeholders including consumers, employees,investors, communities, and others.Every year, Reputation Institute 2 , a private global consulting firm based in New York, invites about 47,000 consumers, across fifteen markets, to participate ina study that ranks the world's one hundred most reputable companies-all multinational businesses with a global presence. One of their recent studies foundthat 42 percent of how people feel about a company is based on their perceptions of the firm's corporate social responsibility (CSR).Your Task1. Select a company (domestic or international) that will be the basis for your research.2. Research the company's record in the area of CSR. Be sure to look at both their domestic and well as international reputation.3. A good place to begin your research is the LibGuide at Rutgers University, e4. Complete a written assignment that contains the following information:1. A brief (one-paragraph) summary of the business you selected.2. According to your research, how does the company rank with regard to CSR? Be sure to provide a source for this ranking!3. Describe specific examples of corporate actions that resulted in this company's ranking.4. Does a company's approach to CSR influence your purchasing decisions? Why or why not?

Corporate social responsibility of the firm is the practice to use their resources to do good in the…

Answered: Your lask 1. Select a company (domestic…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Corporate Social Responsibility has been defined as a “firm’s intelligent and objective concern for the welfare of society; such concern should entail a firm contributing to human betterment, by using its profit to address issues of concern to society and/or a firm to restraining from behaviour and activities that are harmful to society, no matter how immediately profitable such behaviour or activities might be”. Required: Describe the relationship between strategy and corporate social responsibility Explain how a firm’s cooperation in matters of taxes, bribery and corruption may constitute corporate social responsibility
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The pain reliever medicine, Analgesia-T manufactured by CPC Company is a well-known analgesic that provides relief from pain and serves as a palliative to people worldwide. However, in the 1980s, several persons died after taking capsules of the well-known medicine. It was found out, that the medicines contained cyanide, a highly poisonous, white crystalline element accidentally mixed with the medicines because of factory defect. The sister company of CPC, the Jackson Company took the initiative and without delay, made steps to resolve the problem. It readily ordered the retrieval of the product from the market. Be that as it may, the company lost about $100M dollars by recalling more than 31 million bottles of Analgesia-T. The Jackson Company made all efforts to launch an information campaign in order to allay the fear of the consumers. The company ran a continuous media campaign and a toll-free customer care hotline. Millions of capsules were tested by reliable agencies and…
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Although Z corporation has a comprehensive ethics program, numerous employees were charged with financial fraud. If Z corporation is convicted of the crime and sentenced under the Federal Sentencing Guidelines, it can expect--

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