Question 3 – Socially responsible leaders - Social Responsibility (10 marks) (Max. 200 words) Question: How...

Question 3 – Socially responsible leaders - Social Responsibility (Max. 200 words)

Question: How can an enterprise leader maintain the needs of society and earn profit for the organisation?

Solutions

Expert Solution

The main responsibility of the management of any company is to create and protect the interest of shareholders. Generally, organizations focusing on creating shareholders' wealth have been able to successfully carry out their business operations in the long run.

The enterprise leader should ensure that the business activities are carried out in the most ethical manner and the financial information provided to various stakeholders is complete and accurate. The company should ensure that its activities are in compliance with applicable laws and regulations (including tax compliance). It is important to take into account the environmental effects of company's manufacturing operations and develop appropriate measures/policies to minimize/eliminate any adverse impact on the society/community. Equal employment opportunities along with fair treatment of employees also forms part of the corporate social responsibility.

A socially active organization enjoys customer loyalty and is able to earn profits or reduce its losses even during turbulent times. Therefore, it is extremely necessary for the leader of any enterprise to consider the importance of social responsibility in the day to day activities of the business.

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Define Social Impact Bonds, Corporate Social Responsibility, Socially Responsible Investing, Thematic investing

Question 3: (25 marks) (200 words) In your own words, explain the stages or steps for...

Question 3: (200 words) In your own words, explain the stages or steps for own-brand development strategy using examples.

3 Solutions for the extinction of Caspian Seals. max 200 words

How does virtualization relate to Cloud Computing? max 200 words.

A socially responsible company would interact with the physical and social environment in which it operates...

A socially responsible company would interact with the physical and social environment in which it operates in a way that left the environment no worse off – and preferably better off – than before it began operations. Required: a. List two ways in which businesses can enhance their corporate social responsibility. Provide an example for each choice. b. Discuss roles of accountants in helping to promote the practice of CSR in businesses.

“Promoting Social Change and Responsibility at Corporate Level -A Socially Conscious Management& CSR as Part of...

“Promoting Social Change and Responsibility at Corporate Level -A Socially Conscious Management& CSR as Part of Public Relations-” The Situation You work in a large corporation (over 5,000 employees) as Head of Marketing Initiatives. You need to direct your superior’s attention to becoming a more socially conscious corporation. The concept you desire is somewhat similar to HP’s entrepreneurial attempt toward employees’ volunteerism; “HP’s generous volunteer policy allows and encourages employees to leverage their 4 hours of paid volunteer time per...

Why is some involuntary unemployment desirable in the market for labour? [max words: 150] (3 marks).

Why is some involuntary unemployment desirable in the market for labour? [max words: 150] .

How can a leader create an ethical and socially responsible culture?

TASK ONE(10%, 500 words) Think back on the issues of ethics and social responsibility you’ve been...

TASK ONE(10%, 500 words) Think back on the issues of ethics and social responsibility you’ve been introduced to throughout the semester. In 500 words, you are required to reflect on two such issues and describe how the view or perspective you’ve gained on these issues might inform your current or future professional practice in the finance industry. Use the three-step reflective framework outlined below to structure your response. (You may use some or all of the suggested prompts listed in...

Explain how these recommendations are both are ethical and socially responsible. Explain how your plan will...

Explain how these recommendations are both are ethical and socially responsible. Explain how your plan will be implemented in a way that complies with the concepts of Corporate Social Responsibility. Include a Compliance Program that will ensure that actions by the company will be monitored to ensure they are both ethical and socially responsible. Show how performance will be measured using Triple Bottom Line Reporting. The brand is Nissan Almera and explain Do nissan almera is both are ethical and...

Subjects