Defining Corporate Social Responsibility - Tutorsindia

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Corporate Social Responsibility Corporate Social Responsibility and Leadership Fig 10.6 Stages in the corporate planning process I joined MITAS because I wanted real responsibili The Graduate Programme for Engineers and Geoscientists Maersk.com/Mitas Please click the advert Real work International al opportunities Three work placements Month 16 I was a construction supervisor in the North Sea advising and helping foremen solve problems 130 Download free ebooks at bookboon.com
Corporate Social Responsibility Corporate Social Responsibility and Leadership The environmental analysis will enable a firm to develop its strategic plan through an examination of the external environment in which the firm is operating. An examination of the internal environment will enable a firm to translate this plan into a corporate plan for implementation. part of this analysis will comprise a GAP Analysis which will inform the managers of the firm of the ability of the firm to meet the plan and any gaps in resources which need to be addressed. Thus this GAP Analysis will enable the managers of the business to determine what resources are needed in order to implement the plan and this will feed through into both the operating budget and the capital investment budget. We can see that the business manager needs to be involved at all stages of this planning process and that the accounting techniques which we have discussed have an important part to play in helping at all levels and all stages of the planning process. Thus management accounting is of importance to a business and its managers, not just operationally but also strategically. 10.11 Planned and emergent strategy Although an organisation develops its strategy through this planning process, it is often the case that the effects of this strategy do not materialise in the manner intended. while following this strategy the managers of the business will continue making decision on a day to day basis. These decision will inevitably affect the strategic direction of the organisation and may cause changes in the way the strategy is manifest in the operations of the organisation. this is known as emergent strategy, and can be modelled as follows: Fig 10.7 Planned and emergent strategies 131 Download free ebooks at bookboon.com
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Defining Corporate Social Responsibility - Tutorsindia

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