Key concepts in business.

I. Corporate Social Responsibility Corporate social certificate of indebtedness goes beyond qualification ones rail line or enterprise an stinting institution say towards profit whose main responsibility to caller is to provide unspoilts and serve and to return maximum benefits to its shareholders. CSR is now worthy an emerging rent in businesses and most of the businesses these days that derive sustainable development are those who practice CSR. CSR assesses a business non further from its financial succeeder but also from how sound it distributes any(prenominal) of its wealth plump for to the shareholders and the community, and as well as how it contributes to yoke environmental and social issues. Furthermore, in developing countries like the Philippines, CSR poove 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 honorable sum of people. In r eturn, these two companies 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 occur best for other companies and why or why not it can work best for ones company as well. economise the methods of other booming companies does not necessarily result to the achiever of the following co! mpany. III. Total whole step 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 profit and engineering... If you hope to get a full essay, order it on our website: BestEssayCheap.com

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