Business and Society

All types of businesses ought to initiate social responsibility programs to enhance their relationships with their stakeholders. Social responsibility generally means an adoption by a business of a strategic focus for fulfilling the four types of responsibilities; economic, legal, ethical and philanthropic responsibilities.Advertising We will write a custom essay sample on Business and Society specifically for you for only $16.05 $11/page Learn More This paper holds the opinion that out of the four types of social responsibility, economic social responsibility is the most important. This is because any business must have a responsibility to be economically viable so that it can provide a return on investment for its business owners at the same time create job opportunities for the community while contributing goods and services to the economy. Without the economic responsibility, the other three types of responsibility would be meaningless. Contribution of Etihad Airways towards corporate social responsibly (CSR) Etihad Airways is United Arab Emirate’s national airline. Etihad Airways serve over 72 main business and leisure destinations worldwide and targets to fly 25million passengers annually to at least 100 destinations by 2020. Due to such huge involvement with various stakeholders, Etihad Airways formulated a concrete social responsibility strategy. Etihad Airways appreciates its position as an integral part of society and its potential to have both positive and negative impacts on the communities in which it operates. One of the airway’s objectives is to promote its corporate social responsibility through the full range of traditional and new communications channels and in effective reporting. Both corporate and individual philanthropy is an important part of Etihad’s corporate social responsibility. The airline enjoys a high degree of recognition among its esteemed stakeholders in the United Arab Emirate s as well as the communities they operate in. They manage their philanthropic giving and community involvement ethically and with transparency to meet the expectations of the corporate governance and stakeholders. Etihad Airways has contributed significantly towards corporate social responsibility in various ways. To begin with the staff members of Etihad Airways responded with compassion and energy to several crisis and humanitarian aid. They in 2010 donated money and crisis aid items for distribution to communities in Haiti, Chile, Pakistan and Australia. In Haiti, the staff donated money and relief items. In Pakistan, the Etihad staff distributed more than 1,000 Eid gift packs to displaced children living in the Razzakabad relief camp in Karachi after the country was hit by disastrous floods. At the same time, the company sponsored volunteers from the Pakistan Flood Relief Dubai agency to distribute donated food, clothing and household items.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In addition to these, Etihad responded swiftly to the devastating flood that engulfed a huge area of Queensland, Australia and affected about 200,000 people. The company pledged AUD 1 million in aid to the Queensland Government. Other than these, and with an aim of continuing with the company’s social responsibility, Etihad Airways is a founding signatory and member of Care by Air, a humanitarian and relief aid initiative from Abu Dhabi. It provides space at cost price to deliver relief aid to disaster stricken areas around the world. Etihad is a also a registered member of the International Society of Transport Aircraft trading Airlink which provides and promotes a free web-based portal aimed at addressing developmental and emergency humanitarian air transport needs. Etihad Airways has for sure contributed significantly and has lived up to its Corporate Social Responsibil ity strategy as observed here above. This essay on Business and Society was written and submitted by user Kelvin Ellis to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Chai Vang Killed 6 Hunters in Wisconsin Hunting Incident

Chai Vang Killed 6 Hunters in Wisconsin Hunting Incident A Minneapolis hunter, Chai Soua Vang, was asked to leave a deer stand located on private property in Wisconsin. The situation escalated, and Vang opened fire on the property owner and his hunting guests, killing six and wounding two others. It was November 21, 2004, just one day after deer season opened in rural Sawyer County, where deer hunting is a way of life for hundreds of local sportsmen. Vang, a resident of St. Paul, Minnesota, is a Hmong American from Laos. He became lost while hunting in the area and asked two hunters for directions. He ended up on 400 acres of private property and climbed up on a deer stand he found there.   According to investigators, Terry Willers, co-owner of the land, rode by the site and saw someone in the deer stand. He radioed back to the hunting cabin where he and 14 others were staying, asking who was in the stand and was told that no one was supposed to be in it. Willers said he would ask the hunter to leave the stand. Others from the private party drove their ATVs to the scene. When told to leave the deer stand, Vang complied and began to walk away from the scene. As he walked away, five members of the hunting party, including  Bob Crotteau, who co-owned the property with Willers, confronted Vang. Someone in the private party wrote down Vangs out-of-state hunting license number- correctly posted on Vangs back- in the dust on his ATV. According to survivors of the incident, Vang walked about 40 yards away from the party, took the scope off his Chinese style SKS semi-automatic rifle,  turned and began to fire at the private party. Three of the hunters were shot in the initial burst of fire including Willers who was the only other man in the group who was carrying a gun. Rescuers Shot At Someone in the hunting party radioed back to the cabin and said they were under fire. According to Sawyer County Sheriff Jim Meier, as others from the cabin arrived at the scene, unarmed, to try to rescue the wounded hunters, they too were shot.  Some of the victims had multiple gunshot wounds. Vang fled the scene and became lost again. Two hunters, who were unaware of the shooting incident, walked him out of the woods. As they left the woods, five hours after the shooting, a Department of Natural Resources officer recognized the hunting license number on Vangs back and took him into custody. Vang was held in the Sawyer County Jail. His bail was set at $2.5 million. Killed in the incident were Robert Crotteau, 42; his son Joey, 20; Al Laski, 43; Mark Roidt, 28; and Jessica Willers, 27, the daughter of Terry Willers. Dennis Drew died of his wounds the following night. Terry Willers and Lauren Hesebeck survived their gunshot wounds. Vang Calm After Shootings According to Sheriff Meier, Vang is a U.S. military veteran and a naturalized citizen originally from Laos. Meier also said Vang appeared to be mentally stable. Meier said in a press conference that Vang remained remarkably calm and had not confessed to shooting anybody. He described the suspects calm as frightening. Shooting Was in Self-Defense Vangs version of the events that took place before the shooting began differed from what the members of the surviving hunting party reported. According to Vang, Terry Willers shot at him first, from about 100 feet away. Vang began shooting in self-defense.   Vang also claimed that race was a factor and testified that, during the verbal exchange, some of the hunters made racial slurs, calling Vang a chink and gook. The Trial The  trial took place on September 10, 2005, in Sawyer County Courthouse. The jury was selected from Dane County, Wisconsin, and bused 280 miles to Sawyer County, where they were sequestered. During Vangs testimony, he told the jury that he had feared for his life, and did not begin shooting until the first hunter shot at him. He said that he continued to shoot at the hunters that approached him, sometimes multiple times and sometimes in the back. Vang said that he shot two of the hunters because they were disrespectful. He also said that, while he wished it had not happened, (referring to the shootings), three of the hunters did deserve to die.   The defense showed inconsistencies in the statements given by the two survivors. Lauren Hesebeck admitted that he had previously told his wife that he thought Terry Willers returned fire. Willers said he never shot at Vang. Hesebeck also reluctantly admitted that he had previously stated that Vang was lambasted with profanity and at one point Joey Crotteau blocked Vang from leaving. Vangs attorney attempted to clarify Vangs statement that three of the men deserved to die, saying that it was due to a language barrier and what Vang meant was that the three mens behavior contributed to the situation that led to their deaths. Verdict and Sentencing On Sept. 16, 2005, the jury deliberated for three and a half hours before returning a verdict of guilty of all charges - six charges of first-degree homicide and three charges of attempted homicide.   The following November he was sentenced to six consecutive life terms plus seventy years. Chai Soua Vang was 36 years old at the time of the shootings. He is the father of six children.

Monetary Policy Coursework 9 Essay Example | Topics and Well Written Essays - 250 words

Monetary Policy Coursework 9 - Essay Example This streamlines the business cycle by increasing the output available in the US economy, hence providing surplus goods for exports and subsequent economic growth. The Federal Open Market Committee (FOMC) aims at exploring the achievements of full employment as well as price stability (Econedlink.org, 2015). Therefore, the implementation of the US federal funds rate policy deals with the interest rates at which banks lend funds amongst themselves. The intermediary used by these banks is the Federal Reserve. The goals of the federal funds rate policy are to ensure US economic growth, monitor inflation, and increase employment. The Fed reduced this rate by 0.1% in mid 2014, and the results were diverse. In as much as the inflation rate as at January rose by 0.2%, the unemployment rate reduced by 5.5% in 2015. The US economic growth was positive by 2.2% in the last quarter of 2014. Evidently, the federal funds rate policy achieved its main goals: the reduction of unemployment and the growth of the economy. Econedlink.org,. (2015).  Focus on Economic Data: The Federal Reserve and Monetary Policy, January 29, 2015 | EconEdLink. Retrieved 3 June 2015, from