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Showing posts from November 18, 2008


Social Responsibility...nan organization’s obligation to maximize its positive impact on stakeholders and to minimize its negative impactnincludes legal, ethical, economic, and philanthropic (discretionary) dimensionsLegal Dimension...nrefers to obeying governmental laws and regulationsncivil law: rights & duties of individuals and organizationsncriminal law: prohibits specific actions and imposes fines and/or imprisonment as punishment for breaking the lawEthical Dimension...nbehaviors and activities that are expected or prohibited by organizational members, the community, and society (not codified into law)nstandards, norms, or expectations that reflect the concern of major stakeholdersEconomic Responsibilities...nhow resources for the production of goods and services are distributed within the social systemnDo you think consumers favor socially responsible companies or are they most enamored with companies that maximize profits?

New Mathematics of GDP... latest GDP trends

The year 2008 wasnt the fall of Roger Federer alone(never mind, i m sure he'll re gain number one slot, it ws just a bad year for him)... but the year led to the new mathematics in the GDP calculations too...
Lets see the new trends in GDP:
United States The US economy shrank in the third quarter, falling at an annual rate of 0.3 per cent, possibly indicating a recession has begun
Consumer spending, which accounts for two-thirds of the economy, crashed to a 28-year low in the third quarter.
In United States and Japan, there is no scope for further reductions in policy rates. Fiscal policy and tax cuts may prove effective, says OECD.
United KingdomIn Britain, there has been a fall of 0.5 per cent in the third quarter economic output.
The Economic growth in the UK is expected to slow to 0.9 per cent in 2008 and further shrink by 1 per cent in 2009.
The country is expected to be the worst hit in Europe. The European Commission has forecast that unemployment will rise from 5.3 per cent in 20…