Social Responsibility And Triple Bottom Line - 1427 Words

Introduction The statement, â€Å"It isn’t enough for a multinational corporation to be socially responsible; they must be a triple bottom line company to meet their ethical obligations,† is a brave statement on the surface. Breaking down and explaining the statement, plus providing insight to social responsibility and triple bottom line, will help to understand the impact of the statement. In addition, the underlying outcome from social responsibility and triple bottom line, known as wealth redistribution, will be explored. Breaking It Down A multinational corporation is one that does business in two or more nations around the globe. The statement emphasizes that, in an effort to adhere to the ethical duty that is bestowed upon it, a global†¦show more content†¦Social Responsibility The duty of social responsibility is fulfilled when the company provides selfless support to a community. The four elements of social responsibility are financial, legal, ethical, and philanthropic, in this order of priority. Economic responsibility is shown by being a profitable company that contributes to the wealth, jobs, and products or services of a community. A company that is not financially viable does not add leadership or prosperity to a community. They are a drag on society and do not follow the expectation of being a prosperous and responsible business. Legal responsibility is shown by being a law-abiding, upstanding, and moral business. The expectation is that a company operates well within the boundaries of legal issues, not walking the fence of breaking the law. An unlawful company is one that does not deserve to be in business. Ethical responsibility is shown when the company encounters issues that are not guided by law, but need an appropriate and good-hearted reaction. Whether the issue is related to the environment, people, or financial, taking the proper action gives the company the right to fully embrace the persona of being a moral member of the community. Philanthropic responsibility is shown through helping the community through giving. The act of giving can be in the form of providing funding for a health cause or providing people to volunteer their time for

The Dumbing Down Of Society As A Result Of Technology

Lula Yousuf Mrs. Madrigal Honors Literature-6th period 10 May 2015 The Dumbing Down of Society as a Result of Technology In Ray Bradbury’s Fahrenheit 451, technology plays a major role in the society. Their society is so influenced by technology that they simply cannot function without it. They aren’t capable of thinking on their own because they rely so heavily on technology to think for them. Bradbury’s prediction was correct. The world is so reliant on their technology that students can’t leave their phones at home for one day without being behind on an assignment or two. Technology plays a crucial role in American society today in economic and social ways. It allows society to easily communicate with people all around the world with just one click of a button. Therefore, technology is a good thing when used in the Virtually all businesses today use some form of technology to more efficiently produce their services or products. Even social networks have been created to allow people to post events in their lives and talk to others online. Texting permits people to communicate without out actually talking to each other. Although, these enhancements in technology allow for quicker and easier forms of communication, society is also becoming much less social as a result. increase In Fahrenheit 451, Bradbury argues that the development of technology is â€Å"dumbing down† people in the Utopian society, ultimately warping the perfect world into a dystopian society. RayShow MoreRelatedTechnology in a Utopian Society: Is It a Good Thing?1399 Words   |  6 PagesTechnology in a Utopian Society: Is it a Good Thing? What is living in a perfect world like? Is a perfect world even possible? How does technology and social interaction factor into a society aiming towards one that is utopian? Technology is ever-present in our society today. It has helped us become more efficient, more accessible, and provides us with a level of instant gratification we have not always had. These appear to be some upsides to technology. It moves and develops so quickly that oneRead MoreWhere is Your Money really Going?1473 Words   |  6 Pagesgreatly affected by this change. Parents and students are paying for college only to have an education system that tears down individuality, and is non beneficial to students’ learning. School has evolved from teaching about learning and independent thinking to teaching about obedience. As John Gatto, a former New York City Teacher of the Year, explains in his article â€Å"Dumbing Us Down: Weapons of Mass Instruction†, schools used to teach â€Å"independent thought, appreciation for great works, and an experienceRead MoreSocial Media And Its Effects On People s Lifestyle1112 Words   |  5 Pages Today in society the younger generations seem to be obsessed with social media. Technology has advanced in such huge ways that everything that a person could need regarding research or just general information is literally at their fingertips. This access is amazing, and it is a great convenience in a busy world. However, as technology has advanced so have outlets besides Google and other search engines. Social media has taken over the Internet and taken over the lives of many people. Many psychologistsRead MoreEverything Bad Is Good for You (Essay)1660 Words   |  7 Pagesreason why popular culture is becoming harder is because our brain likes to be challenged and the entertainment industry makes a profit by creating complicated video games, TV shows and new technology because that is what people want. As a result, new media should be approached as a new tool that helps society to become more analytically prepared for real life situations. According to Johnson, popular culture improves the way young people think. Video games for example require that players improveRead MoreAdvantages and Disadvantages of Technology1370 Words   |  6 PagesTechnology has changed modern society drastically, both positively and negatively. Technology has influenced every aspect of our life, making it simpler but not necessarily better. Albert Einstein was concerned about the advancement of technology. I fear the day that technology will surpass our human interaction.1 Undoubtedly, what has changed the most are communication, the spread of information, and how business is practiced. Consequently, practically everyone knows how to use a computer, connectRead MoreHow Media Has Impacted Society1158 Words   |  5 Pagesno harm is watching â€Å"too much† television and relying on our mobile devices to often. Some topics to be discussed are: Sleeper Curves, realism, linguistics, and overstated context. The point of this paper is to reflect how mass media has effected society in a positive and successful way although many people do not believe it. They, as in editor and writer Steven Johnson in Watching TV Makes You Smarter, celebrate the fact that, â€Å"The usual counterargument here is that what media have lost in moralRead MoreHow Corporate Greed Is Uniquely A Part Of A Public Administration970 Words   |  4 PagesThis weeks forum question is what brings you here and interests you. I became a public administration student after many careers in multiple fields of management. These included retail, healthcare and currently, technology. I am very interested in organizational structure and management. The field of public administration is all encompassing and goes hand in hand with organizational management studies. I do have an interest as well in local government. I grew up in a terrific, but non-politicalRead MoreTechnology Can Be Both Beneficial And Harmful In Many Different1704 Words   |  7 PagesTechnology can be both beneficial and harmful in many different ways that people think, while on the other hand the ri se of the internet is strengthening our ability to scan information rapidly and efficiently. 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The hospitality industry is a diverse industry ranging fr om hotels, restaurantsRead MoreThe Loss of a Necessary Human Function2035 Words   |  8 Pagescommunication amongst society. This constant and instant communication has created problems with face-to-face communication. It has created a blockade in the idea of human interaction. Facebook messenger, Twitter direct messaging, Instagram Direct, LinkedIn connections, and Snapchat offer private communication that happens immediately and never face-to-face. These websites, as beneficial as they can be for keeping in touch with friends from the past, can be just as harmful and result in an upset in daily

Australian Journal Of Political Science

Question: Describe about the Australian Journal Of Political Science? Answer: Summary of the article Nationalism and republicanism in Australia: The Evolution of Institutions, Citizenship and Symbols by John Warhurst The article by John Warhurst discusses about the state of Australia, as to what status its symbols, citizens and institutions possess. The article begins with this assumption and revolves around the conflicting question of a republic, which is a nationalist issue for Australia (Warhurst, 1993). This question is considered in the light of the relationship between Australia and Britain. The present political symbols, citizenship and political institutions of Australia closely resemble to that of the British ones and thus seem to have been borrowed from Britain. Moreover, they have been compared to the Monarchy of Britain in the past. All these circumstances have led to a great confusion about republicanism in the public. Although a part of this chaos is real, but a majority of it has been the creation of the political leaders for their selfish means and partisan. While discussing about this issue, this article also refers to the Australian flag, the national anthem and the Australia Ac t 1986. Apart from this, the issue related to the queen of Australia has also been raised and discussed. It has been highlighted in the article that Australians are reluctant to accept someone, who is British as a monarch in their country. In response to such reluctance and opposition, the arguments offered by Smith, Barwick and various other related people in defense are also discussed (Warhurst Mackerras, 2002). At the end of the article, it is concluded that although the flag and the monarchy are unending business, but at the same time assumption cannot be made that Australia becoming republic is highly unavoidable. References: Warhurst, J. (1993). Nationalism and republicanism in Australia: The evolution of institutions, citizenship and symbols.Australian Journal Of Political Science,28(4), 100-120. Warhurst, J., Mackerras, M. (2002).Constitutional politics. St. Lucia: University Queensland Press.

Market Strategies of Treasury Wine Estates †MyAssignmenthelp.com

Question: Discuss about the Market Strategies of Treasury Wine Estates. Answer: Treasury Wine Estates (TWE) is an international winemaking and distribution company based in Australia. Until a demerger in 2011, it was the wine segment of the global brewing brand Fosters Group. The companys business is segregated into 4 global regions: New Zealand and Australia; Africa, Middle East and Asia; Europe; and The America. Before entry into any new region or market, the company conducts a new market entry risk evaluation. Such analysis entails an assessment of the probability and implications of myriad risks, covering reputational and legal risks, through which the threat of human trafficking or slavery might be taken into account[i]. Treasury Wine Estates distributes its wines to a variety of clients across different regions, and it tailors its route-to-market framework by the nation to capitalize on regional opportunities. The organization is now planning to shore up its business in China and intends to open restaurants, wine bars and outlets for entertainment. Such move from B2B to B2C could be risky but is one route that companies seeking to enter China need to consider. Keen on capitalizing on this opportunity, TWE is reexamining its conventional distribution framework and making the transition to selling the products to its customers directly[1]. Another strategy used by TWE planning to enter other regional markets through its branded stores is that of market penetration and cost. It tries to be strategic in communication activities, brand development etc. to develop a powerful brand. Though TWE is normally perceived as a low-cost winemaker, the company tries to position itself as a premium brand in some regions. However, when planning to enter China, for instance, this may be a tricky proposition. For a market in China that has a high-end consumer class, several organizations are moving toward premium positioning. Usually, it is a decent strategy, because it can yield high margins. Nonetheless, some customers typify TWE as a low-cost brand in its domestic marketplace[2]. Hence, there could be a risk that customers of premium products become eventually discerning and knowledgeable to be exposed to foreign products and brands. The company also uses less capital-intensive market entry strategies like e-commerce and digital marketing in other regions. TWE strives to scope out opportunities in the marketplaces within the 2nd and 3rd tier towns and tries to rebrand its product lines to a luxury one. This is the reason why it operates B2B globally but is interested in introducing a B2C brand in China for stimulating demand via every channel and augment sales. As far as the American market is concerned, the barrier to market entry are very low and hence the competition is high. Therefore, TWE tries to establish a competitive advantage in the market through targeting varietal segments, entering into strategic distribution and supplier partnerships, and differentiating itself based on price and image[3]. In the UK market, TWE employs a joint market penetration strategy because this is the only rational and economically feasible strategy. Bibliography Cole, Brett. Treasury Wine Estates to Buy U.S. and British Brands From Diageo. The New York Times, 13 October 2015, https://www.nytimes.com/2015/10/14/business/dealbook/treasury-wine-estates-to-buy-us-and-british-brands-from-diageo.html. Granata, Julien, et al. "Organisational innovation and competition between SMEs: A Tertius strategies approach."International Journal of Technology Management71.1-2 (2016): 81-99. Granata, Julien, et al. "Understanding the evolution of competition among SMEs in a wine cluster: a social capital approach."International Journal of Entrepreneurship and Small Business31.1 (2017): 67-84. Perdue, Lewis. Treasury Wine Estates other Oz vintners boosted by Australia/China Free Trade Agreement. Live Oak Bank, 24 January 2017, https://wineindustryinsight.com/?p=77923.