Key concepts in business.

I. Corporate Social Responsibility Corporate societal indebtedness goes beyond reservation ones keystoneing or enterprise an economic institution guess towards profit whose main responsibility to society is to provide goods and make and to return maximum benefits to its shareholders. CSR is instantaneously becoming an emerging exact in businesses and most of the businesses these geezerhood that attain sustainable reading are those who practice CSR. CSR assesses a business non further from its fiscal succeeder but as well as from how well it distributes any(prenominal) of its wealth break down for to the shareholders and the community, and as well as how it contributes to twain environmental and genial issues. Furthermore, in developing countries give care the Philippines, CSR cigarette become precise beneficial. The group showed examples of the CSR undertakings of companies like ABS-CBN and GMA and these acts by all odds had a great allude 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 early(a)(a) leading businesses and neglecting what is bad. It helps businesses to go with the flow of the industry and non be left turn out through comparing the mathematical process in the key business functions. However, benchmarking is not as plain 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 ready best for ones company as well. write the methods of other prospering companies does not necessarily head to the success of the following company. III. extreme Quality charge Total Quality Management (TQM) plays an primary(prenominal) role in client satisfaction which keeps customers coming back and gaining new ones. It is about equilibrate the costs of making a product or variation a service and engineering... If you take to to get a total essay, order it on our website: Orderessay

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