Examples of socialization in the following topics:
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- Social responsibility audits are a process of evaluating a corporation's social responsibility performance.
- Social responsibility audits are a process of reviewing and evaluating a corporation's social responsibility (CSR) performance.
- As with financial audits, social responsibility audits involve accounting processes.
- This type of accounting originated in the early 1990s and is known by various names, including social accounting, sustainability accounting, CSR reporting, environmental and social governance (ESG) reporting, and triple-bottom-line accounting (encompassing social and environmental as well as financial reporting).
- Social aspects considered might include worker conditions or community investment.
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- The term "social innovation" has overlapping meanings.
- Sometimes it refers to social processes of innovation like open-source methods and techniques.
- The act of social innovation in a sector encompasses diverse disciplines within society.
- The social innovation theory of "connected difference" emphasizes three key dimensions of social innovation:
- Social innovation is currently gaining visibility within academia.
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- Most arguments both for and against CSR are based on how a company's attempts to be socially responsible affect its bottom line.
- Corporate social responsibility, also referred to as CSR, can be described as embracing responsibility for a company's actions and encouraging a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
- CSR proponents may also argue for the recognition of a "triple bottom line" performance that includes not only financial returns for owners but also social and environmental benefits for the greater society.
- Part of the critics' argument is that managers should not select social causes on behalf of a diverse set of owners.
- Rather, CSR opponents believe that corporations benefit society best by distributing profits to owners, who can then make charitable donations or take other socially responsible actions as they see fit.
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- One type of corporate social responsibility focuses on three key dimensions of sustainability—environmental, social, and economic.
- Many efforts to show corporate social responsibility, or CSR, focus on environmental, social, and economic sustainability.
- The social dimension of sustainability addresses concerns such as peace and social justice.
- According to common definitions, sustainability has three key dimensions: environmental, social, and economic.
- Sustainable design of a business can be an aspect of corporate social responsibility.
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- Corporate social responsibility is a company's sense of obligation towards social and physical environments in which it operates.
- Corporate Social Responsibility (CSR), also referred to as corporate citizenship or socially responsible business, is a form of corporate self-regulation integrated into a business model.
- The interest in CSR has grown with the spread of socially responsible investing, the attention of nongovernmental organizations (NGOs), and ethics training within organizations.
- Many organizations seek to have an even greater impact through CSR initiatives that integrate social values into operational and business strategies.
- For example, socially responsible practices can improve employee recruitment and retention efforts, be a means of managing risk, and provide brand differentiation.
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- Evidence links socially responsible business practices to improved financial performance.
- In this way, the shared value model takes a long-term perspective on the financial benefits of corporate social responsibility.
- Socially conscious investors may prefer to own shares of a company that demonstrates good CSR, which can lead to higher share prices.
- Proponents of these funds point to competitive returns for socially responsible indices, such as the Domini 400 (now the MSCI KLD 400).
- Discuss the argument that the short-term costs of social responsibility generate long-term revenues exceeding those costs
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- Among the many organizational and individual factors that can influence the effectiveness of business communication, social status is one of the most challenging to address.
- Social status refers to the relative rank or standing that an individual has in the eyes of others.
- There are two elements of social status—those attributes we are born with and those we achieve.
- Employment and occupation are primary factors in social status, and one's role in an organization is especially relevant within the boundaries of that organization.
- To many, social status is an indicator of credibility and legitimacy, and this effects how seriously others take what one communicates.
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- A company that practices corporate social responsibility (CSR) embraces responsibility for its actions and, through its activities, positively affects the environment, society, consumers, employees, communities, and other stakeholders.
- Companies engaging in philanthropic CSR can then use those results to measure the impact of their own efforts to support social causes.
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- According to the ecocentric model of CSR, environmental protection and sustainability are more important than economic or social benefits.
- Corporate social responsibility, also referred to as CSR, can be described as a business's efforts to assume responsibility for its actions and to encourage a positive impact through its activities on the environment, consumers, employees, communities, and other stakeholders.
- It values environmental good above economic or even social benefits.
- Explain the concept of ecocentric corporate social responsibility and how it relates to other forms of CSR