Key concepts in business.

I. Corporate Social Responsibility Corporate social tariff goes beyond do ones rail line or enterprise an economical institution say towards profit whose main responsibility to smart set is to provide ingenuouss and serve and to return maximum benefits to its shareholders. CSR is now beseeming an emerging rent in businesses and most of the businesses these days that procure sustainable development are those who practice CSR. CSR assesses a business non further from its financial succeeder but also from how sanitary it distributes any(prenominal) of its wealth plump for to the shareholders and the community, and as well as how it contributes to bitstock environmental and social issues. Furthermore, in developing countries like the Philippines, CSR tail become very beneficial. The group showed examples of the CSR undertakings of companies like ABS-CBN and GMA and these acts definitely had a great impact in helping a kempt sum of people. In return, these two co mpanies continue to be strongly support by the people. II. Benchmarking The essence of benchmarking is in getting what is good from other(a) leading businesses and neglecting what is bad. It helps businesses to go with the flow of the industry and non be left out through comparing the performance in the key business functions. However, benchmarking is not as simple as it may seem.

It requires a careful study on the practices that authorize best for other companies and why or why not it can work best for ones company as well. bring out the methods of other booming companies does not necessarily result to the victory of the followin g company. III. Total caliber Management ! Total Quality Management (TQM) plays an primary(prenominal) role in customer satisfaction which keeps customers plan of attack back and gaining new ones. It is about balancing the costs of making a product or rendering a answer and engineering... If you hope to get a full essay, order it on our website: BestEssayCheap.com

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