BUSINESS MANAGEMENT

Business Management

Business Management

Introduction

Today organizations face a major challenge to the market result of various factors like technological, economic, political, social, cultural, etc. each of these factors requires the companies to be in constant changes of minor or major impact to internal or external, but is necessary in an almost mandatory to meet the needs generated for the company falling into losses that are regrettable not only for the owners or partners but all the human resources of the organization. If we look at a manager, businessman or entrepreneur we realize that the joy that emanate regarding company or business lies mainly on productivity or profits that have generated sales of products or services, and more so when customers return again to purchase products or services; this joy does not have to be hampered by the different changes and needs, as there are companies or professionals offering services to meet such demands (Kleiman, 2010, 7). Management of business is not easy and involves decision making, since the formalization as sole proprietors or corporate (especially by the commitments that they can take to the tax collection offices) to the same business management because it has an appropriate structure and resources (material, human and technological). However, the fulfilment of its goals and objectives must be met, but we must remember that there are always contingencies favourable or adverse internal and external.

Question# 1

Corporate Responsibility

“Corporate Responsibility” has been used in so many different contexts….has come to mean all things? (Sethi, 1975).

By this statement given by Sethi we understand that corporate Social responsibility is a very old term used by various businesses for different situations and purposes. Many authors have given different definitions since it is an old concept, thus it has become bit difficult to arrive at one accurate definition. The companies are using this term for different situation as its definition doesn't provide clear and specific definition. It is argued by Sethi CSR is so important for today's business regardless of having different definitions. It is argues that corporate social responsibility has lost its meaning because it is widely used in various different contexts. In other words we can say that the differences in view points are mainly due to the widening of the spectrum of social responsibility. What was once regarded as 'passive adaptation' has now become 'dynamic creativity'. The social approach developed first as an 'ethical concept' to make enterprise follow the 'trusteeship principle' and be a respectable 'corporate citizen'. In later years, it evolved into 'growth concept' to make powerful enterprises follow the 'statesmanship principle' and assume the role of 'change agent'. In order to find out an acceptable definition, that facilitates a better understanding of the concept, some important definitions are considered.

Social responsibility (CSR) is defined as the way firms integrate social, environmental and economic values ??and their activities in a transparent and accountable manner. In the business world, it is integral to the growth and long-term success. The different corporations all over the world have treated ...