I. Corporate Social Responsibility
Corporate social responsibility goes beyond making ones business or enterprise an economic institution say towards profit whose main responsibility to society is to provide goods and serve and to return maximum benefits to its shareholders. CSR is now becoming an emerging rent in businesses and most of the businesses these days that attain sustainable development are those who practice CSR. CSR assesses a business non further from its financial succeeder but also from how well it distributes any(prenominal) of its wealth plump for to the shareholders and the community, and as well as how it contributes to twain environmental and social issues.
Furthermore, in developing countries like the Philippines, CSR cigarette 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 tidy sum of people. In return, 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 not 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 run best for other companies and why or why not it can work best for ones company as well. write the methods of other booming companies does not necessarily result to the success of the following company.
III. Total Quality Management
Total Quality Management (TQM) plays an primary(prenominal) role in customer satisfaction which keeps customers coming back and gaining new ones. It is about balancing the costs of making a product or rendering a service and engineering...
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