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Business Society Assignment PDF

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Added on  2020-12-30

Business Society Assignment PDF

   Added on 2020-12-30

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Business Society
Business Society   Assignment PDF_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................11) Comparing Commonwealth and Danske bank.......................................................................12) Differences between two banks .............................................................................................23) Comparing Commonwealth and Danske bank on SDG.........................................................34) Quality of reporting :- Social accounting at Commonwealth and Danske bank....................35) Commonwealth and Danske bank: Values.............................................................................46) Group discussions...................................................................................................................5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................7
Business Society   Assignment PDF_2
INTRODUCTIONEvery business must contribute towards the society so that it can develop a better imagein market. Moreover, it is the moral responsibility of business to provide valuable products andservices to society. For this they have to follow certain practices such as by providing reports,contributing in CSR activities, etc. besides this, it helps in measuring the performance ofbusiness towards CSR. Companies should inform stakeholder about social activities in whichthey are engaged and how much contribution is done. In addition to this, business should practiceactivities in ethical way so that business value is generated. Along with this, they must contributein SDG that will help in development of society as well as people. This report will compare theperformance of two banks that how they contribute towards society. It will show how reports areprovided to stakeholders and what process is followed in this. Also, it will describe the ethicsthat are followed by them while providing services to people (Waddell, 2017). Moreover, whatmethods are followed by them and issues that occurs in this. At last the solutions are that can befollowed by companies is discussed. 1) Comparing Commonwealth and Danske bankThey both banking companies are engaged in financial services and provide similarvariety of services to their customers. Basically, these banks deals in business loans, stocktrading, insurance, investment, etc. Commonwealth bank was founded by Australian governmentin 1911 and is one of major bank in Australia. It is a public sector bank that is headquartered inSydney. It operates worldwide. But on the other hand Danske bank is not a large bank as itmajorly operates in Denmark and some countries of EU. It is headquartered in Copenhagen. Bothbanks are major source of finance in their respective countries (Adams, 2015). They providevarious types of services such as securities exchange, broking services, etc. apart from this it isobserved that they both focus on retail business more as compared to commercial. This givesthem competitive advantage in local market. Furthermore, by operating in country they are ableto generate huge profits. They are able to attract large number of customers. Therefore, it may unfair to compare these both banks as one operates worldwide andother in local market. But it will give an insight on what values and ethics are followed byfinancial industry. It will also show the SDG of both banks and on what issues they are focusing.
Business Society   Assignment PDF_3

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