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BUS320 Corporate Social Responsibility and Governance Assignment

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Advanced Human Resource Perspectives (BUS320)

   

Added on  2020-05-11

BUS320 Corporate Social Responsibility and Governance Assignment

   

Advanced Human Resource Perspectives (BUS320)

   Added on 2020-05-11

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1Corporate Governance and Social Responsibility<Student ID><Student Name><University Name>
BUS320 Corporate Social Responsibility and Governance Assignment_1
2Executive summaryThe prime objective of the paper is to recognize the drivers and determinants of the performanceof any corporate business. The purpose of the paper integrates the analysis of the obligation ofbusiness organization towards the stakeholders along with integration of corporate socialresponsibilities and ethical conduction of business in the business strategies.
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3ContentsIntroduction......................................................................................................................................3Literature review..............................................................................................................................3How society could benefit from a broader view of the firm............................................................6Theory of justice..............................................................................................................................7Identification of other theories.........................................................................................................9Conclusions and recommendations...............................................................................................10References......................................................................................................................................10
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4Introduction Every company has to have objectified outcomes that through effective conduction of businessoperations and proper management of the human resources. The productivity as well as theprofitability is definitely the determinants of the performance of a company. However,performance of any corporate company is determined on the basis of many dimensions andfacets which have to be analyzed from the perspective of the shareholders (Abe & Freeman,2014). The drivers of performance of a company have to be further analyzed by various parameters andindicators such as economic value, accounting profitability and shareholder value. In order toaccomplish the objectives and aim of a business organization, the corporate has to imbibe varied,disciplined and strategic approach in the orientation of the objectives of the company (Abell,Engel & Wynn, 2015).Literature reviewIt is a fact that business integrates the ways in which the suppliers, customers, stockholders,financiers, banks, bondholders, media, and managers have interaction along with creation ofvalue. Stakeholders definitely have major contribution to the practice and thinking of themanagement. The concept of the stakeholders is a key aspect of the corporate governance andmanagement of any business organization. The obligation of any corporate business to serve theinterest of all the stakeholders is mostly termed as stakeholder’s management (Alshareef &Sandhu, 2015). This obligation to serve the stakeholders is also found to have ignored the other vital groups thatinterest a corporate organization. It has been observed that the advocates of management ofstockholders consider that the modern business corporation that are oriented for profit need toserve objectives and interest of all the collective stakeholders. However, it is observed that themanagement of the stakeholders goes wrong in the failure to identify that a corporateorganization in which the managers are acting in regards to the interest of the stakeholders canalso orient in providing benefits to all the stakeholders (ArAs, 2016). The managements of stakeholders and all other activities in any business organization can beeffectively conducted through the incorporation of ethics as well as effective strategy. It is an
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