Explain how the CSR ( Corporate Social Responsability) is implemented in Macau Gaming Industry. Use the...

Explain how the CSR ( Corporate Social Responsability) is implemented in Macau Gaming Industry.

Use the search engines, If needed.

Number of words: between 1000 to 1500

Expert Solution

CSR or Corporate Social Responsibility is the responsibility of the corporates towards the betterment of the society. As the corporates are causing harm to the society in the form of pollutants emitted, and extracting the natural resources, so out of guilt feeling corporates are extending help towards the society. This is especially true and applicable in gaming / gambling industry where so many people lose money and it is like committing a crime. So in order to come out of the guilt feeling, Macau gaming industry has implemented CSR activities.

As most of the gamblers are not from Macau, but from Mainland China, so the CSR activities for the betterment of the society are directed towards the Mainlanad China. The money is donated in the form of heavy taxes paid by gambling industry. Almost 40% of the revenue earned by gaming industry is paid as taxes to the government. This tax paid is being used by government for building schools and hospitals. Thus the Macau gaming industry comes out of the guilt feeling as they contribute towards building better infrastructure and social development facilities in Mainland China.

Rahul Sunny answered 6 months ago

what is social contract and stakeholder theories of Corporate Social Responsibility (CSR) andexpalin use the social...

what is social contract and stakeholder theories of Corporate Social Responsibility (CSR) andexpalin use the social demandingness, social activist and stakeholder theories of corporate social responsibility in order to discuss the case study below.

What is corporate social responsibility (CSR)? Is the principle of CSR one that is likely to...

What is corporate social responsibility (CSR)? Is the principle of CSR one that is likely to be widely adopted by companies around the world. Is it likely to significantly change corporate behaviour? Will behavioural change benefit the public? In your answer refer to examples of companies debating CSR or implementing practices of CSR.

On the subject of Corporate Social Responsibility (CSR) (issue is that CSR is better than Firedman's...

On the subject of Corporate Social Responsibility (CSR) (issue is that CSR is better than Firedman's view of CSR and Conscious capitalism) Does CSR issues impact stakeholders in different ways? What might the views of various stakeholders be on the topic? Place the CSR issue within its historical (when) context. What is the history of the position? Has it changed?

Describe corporate social responsibility (CSR). How does crafting CSR impact a company's bottom line? Assuming the...

Describe corporate social responsibility (CSR). How does crafting CSR impact a company's bottom line? Assuming the following from company XYZ's financial statement, calculate the gross profit margins for each year (show your work). What do the gross profit margins tell you about company XYZ? 2015: Sales revenues —- $128,000. cost of goods sold = $82,000. 2014: Sales revenues —— $130,000. Cost of goods sold = $99,000.

In the _____ model of corporate social responsibility (CSR), social goals are brought into the core...

In the _____ model of corporate social responsibility (CSR), social goals are brought into the core of a firm's business model, and economic goals are balanced against social goals. ethics

Select Organizations that promote Corporate social responsibility (CSR) and answer these: •What are the CSR initiatives...

Select Organizations that promote Corporate social responsibility (CSR) and answer these: •What are the CSR initiatives the organizations are taking? •What CSR strategies are they using? •The four dimensions of CSR, how do the CSR strategies connect with them? •What are the benefits? •What are the likely disadvantages or risks to these CSR initiatives •Are the organizations considering other CSR initiatives?

Define corporate social responsibility (CSR). And explain its importance in running the organization. &nb

Define corporate social responsibility (CSR). And explain its importance in running the organization. (min 100 words – 3 marks)

1. Explain the importance of Corporate Social Responsibility (CSR). 2. What is a values statement and...

1. Explain the importance of Corporate Social Responsibility (CSR). 2. What is a values statement and how important do you think this may be to the strategic process?

Explain why Corporate Social Reporting (CSR) has become so important. Do you think CSR practices should...

Explain why Corporate Social Reporting (CSR) has become so important. Do you think CSR practices should be voluntary or regulated? What are some of the potential issues in trying to regulate CSR practices? Be specific in your answer and be sure to provide examples.

Identify and explain the main economic and ethical issues concerning Corporate Social Responsibility (CSR) and moral...

Identify and explain the main economic and ethical issues concerning Corporate Social Responsibility (CSR) and moral licensing in relation to the employer employee relationship.

Question