Profile of Richard Speck, Serial Killer

The words Born to Raise Hell were tattooed on the arm of the tall, pocked-faced man with a southern drawl who entered a nursing students dormitory on a warm July night in 1966. Once inside he committed a series of crimes that shocked America and sent Chicago authorities on a massive manhunt for a serial killer who they soon identified as Richard Speck. This is a profile of the man, his life, and his crimes, both during his life and after his death. Childhood Years Speck was born December 6, 1941, in Kirkwood, Illinois. When he was six, his father died. His mother remarried, and the family moved to Dallas, TX. Before marrying her new husband, she raised the family under strict religious rules including the abstinence of alcohol. After her marriage, her attitude changed. Her new husband had violent drunken episodes, often making young Richard the victim of his abuse. Speck grew up to become a poor student and juvenile delinquent prone to violent behavior. Spousal Rape and Abuse At age 20, Speck married 15-year-old Shirley Malone and fathered a child. Specks violent nature extended into the marriage and he regularly abused his wife and her mother. The abuse included spousal rape at knifepoint, often several times a day. He worked as a part-time garbage man and petty thief but his criminal activity escalated, and in 1965 he held a woman at knifepoint and attempted to rob her. He was caught and sentenced to jail for 15 months. By 1966 his marriage was over. A Walking Time Bomb After prison Speck moved to his sisters home in Chicago to avoid being questioned by authorities for various crimes in which he was suspected of being involved. He tried to find work as a merchant seaman but spent most of his time hanging in bars drinking and bragging about past crimes. He moved in and out of sisters home, opting to rent rooms in sleazy hotels when possible. Speck, tall and unattractive, was a drug addict, alcoholic, and jobless, with a violent streak waiting to be unleashed. Speck Meets the Chicago Police Department On April 13, 1966, Mary Kay Pierce was found dead behind the bar where she worked. Speck was questioned by police about the murder but feigned illness, on promising to return to answer questions on April 19. When he didnt show, the police went to the Christy Hotel where he was living. Speck was gone, but police searched his room and found items from local burglaries including jewelry belonging to 65-year-old Mrs. Virgil Harris, who had been held at knifepoint, robbed, and raped that same month.​ On the Run Speck, on the run, tried to get work on a barge and was registered at the National Maritime Union Hall. Directly across the street from the union hall was student housing for nursing students working at the South Chicago Community Hospital. On the evening of July 13, 1966, Speck had several drinks at a bar under the rooming house where he was staying. Around 10:30 p.m. he walked the 30-minute walk to the nurses townhouse, entered through a screen door and rounded up the nurses inside. The Crime At first, Speck reassured the young women that all he wanted was money. Then with a gun and a knife, he scared the girls into submission and got them all into one bedroom. He cut strips of bed sheets and bound each of them and began removing one after another to other parts of the townhouse where he murdered them. Two nurses were murdered as they returned home and walked into the mayhem. The girls waiting their turn to die tried to hide under beds but Speck found them all but one. The Victims Pamela Wilkening: Gagged, stabbed through the heart.Gloria Davy: Raped, sexually brutalized, strangled.Suzanne Farris: Stabbed 18 times and strangled.Mary Ann Jordan: Stabbed in the chest, neck, and eye.Nina Schmale: Stabbed in her neck and suffocated.Patricia Matusek: punched resulting in a ruptured liver and strangled.Valentina Paison: Her throat was cut.Merlita Gargullo: Stabbed and strangled. The One Who Survived Corazon Amurao slid under the bed and pushed herself tight against the wall. She heard Speck return to the room. Paralyzed with fear she heard him rape Gloria Davy on the bed above. He then left the room, and Cora knew she was next. She waited hours, fearing his return at any moment. The house was silent. Finally, in the early morning, she pulled herself from underneath the bed and climbed out the window, where she huddled in fear, crying until help came. The Investigation Cora Amurao provided investigators with a description of the killer. They knew he was tall, maybe six feet in height, blond, and had a deep southern accent. Specks appearance and unique accent made it difficult for him to blend into a Chicago crowd. People who encountered him remembered him. This assisted investigators to eventually capturing him. Speck Attempts Suicide Speck found a low-rent hotel that had cell-like rooms for the patrons who were mostly drunks, drug addicts, or insane. When he discovered police knew his identity he decided to take his life by cutting his wrists and inner elbow with jagged glass. He was found and taken to the hospital. It was there that first-year-resident, Leroy Smith, recognized Speck and called the police. The End of Richard Speck Cora Amurao, dressed as a nurse, entered Specks hospital room and identified him to police as the killer. He was arrested and stood trial for murdering the eight nurses. Speck was found guilty and sentenced to death. The Supreme Court ruled against capital punishment, and his sentence was changed to 50 to 100 years in prison. Speck Dies Speck, age 49, died from a heart attack in prison on December 5, 1991. When he died, he was fat, bloated, with ash-white pockmarked skin and hormone-injected breasts. No family members claimed his remains; he was cremated, and his ashes were thrown in an undisclosed place. Beyond the Grave In May 1996, a videotape sent to news anchor Bill Curtis showed Speck with female-like breasts having sex with a fellow prisoner. He could be seen doing what appeared to be cocaine, and in an interview-like discussion, he answered questions about the murders of the nurses. Speck said he felt nothing about murdering them and that it was just not their night. His old bragging habits returned as he described prison life and added, If they only knew how much fun I was having, theyd turn me loose. Source: The Crime of the Century by Dennis L. Breo and William J. MartinBloodletters and Badmen by Jay Robert Nash

Essay on Human Resource Management - 1057 Words

Human resource management (HRM) is the strategic and coherent approach to the management of an organizations most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business.[1] The terms human resource management and human resources (HR) have largely replaced the term personnel management as a description of the processes involved in managing people in organizations.[1] Human Resource management is evolving rapidly. Human resource management is both an academic theory and a business practice that addresses the theoretical and practical techniques of managing a workforce. Its features include: Personnel administration Personnel management†¦show more content†¦As such, HRM techniques, when properly practiced, are expressive of the goals and operating practices of the enterprise overall. HRM is also seen by many to have a key role in risk reduction within organisations.[5] Synonyms such as personnel management are often used in a more restricted sense to describe activities that are necessary in the recruiting of a workforce, providing its members with payroll and benefits, and administrating their work-life needs. So if we move to actual definitions, Torrington and Hall (1987) define personnel management as being: â€Å"a series of activities which: first enable working people and their employing organisations to agree about the objectives and nature of their working relationship and, secondly, ensures that the agreement is fulfilled (p. 49). While Miller (1987) suggests that HRM relates to: .......those decisions and actions which concern the management of employees at all levels in the business and which are related to the implementation of strategies directed towards creating and sustaining competitive advantage (p. 352). The goal of human resource management is to help an organization to meet strategic goals by attracting, and maintaining employees and also to manage them effectively. The key word here perhaps is fit, i.e. a HRM approach seeks to ensure a fit between the management of an organizations employees, and theShow MoreRelatedHuman Resources Management : Human Resource Management1140 Words   |  5 Pagesa business efficiently? Human Resource Management (HRM). Human Resources is the solid foundation that practically oversees the entire organization, whether its managing employees to surveilling the progress of every single department. There are six principle functions that Human Resource take into account: employee relations, recruitment, compliance, compensation and benefits, training and development, and safety (policies/regulations). 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They are responsible for makingRead MoreHuman Resources Management : Human Resource Management835 Words   |  4 PagesHuman Resource Management â€Å"They humanize the brand and help workforce communities thrive† (Who). A human resource management position may be the job for you. Every business and enterprise has a human resource manager, including Starbucks, Disney and even Apple. This job includes planning and coordination, organization, consulting employees and to oversee the work and employees. All the schooling and stress that comes along with this occupation pays off in the end with an enjoyable job. HumanRead MoreHuman Resources Management : Human Resource Management1398 Words   |  6 Pages Human Resource Management Overview Tanya Phillips Dr. Andrea Scott, PhD HSA 320, Strayer University October 31, 2016 Human Resources Management Overview Human resources (HR) is the different kinds of clinical and nonclinical responsibilities for public and individual health involvement. 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Valuable decisions such as whom to recruit, what package to offer, the training necessary for the new recruits and how to assess employee performance directly affects the employee motivation and as such do affect the ability of the employee to provide products which the consumersRead MoreHuman Resources Management : Human Resource Management95 8 Words   |  4 PagesHuman Resource Management Overview As we all know when it comes to every business and organization that is out there, they all need help from Human Resources to continue to help the company grow. What is human resource management? Well Human Resource Management is the overall process that deals with how Human Resources manages their employees as well as different issues that can come across within the organization. Human Resource Management are in charge of different tasks including recruiting asRead MoreHuman Resources Management : Human Resource Management820 Words   |  4 PagesHuman Resources Management Proper Planning is one of the most important aspects of human resource management. Without proper execution of plans, the particular needs of an organization that are the responsibility of human resources will not be reached, and therefore, will fall short of what is necessary for meeting the goals of an organization (DeCenzo, Robbins Verhulst 2013).There are many facets a human resource manager must be familiar with in order to run an organization. The functions of humanRead MoreHuman Resource Management : Human Resources Management1264 Words   |  6 Pagesand research with my family, I decided to go into human resource management, specifically in a hospital. Many people questioned and often said â€Å"Why human resource management?† My answer, I chose human resource managers because I believe they are a vital part of a hospitals success. They make the plans, they direct the staff and they coordinate how people work together and where they need to be. Throughout this paper , I will describe human resource managers- what they do, what are the requirements

Money Bank and Funds Free Essays

string(54) " virtually begins at home, with the household sector\." â€Å"Money† is a fascinating object. The process of creating money and using money has always generated enthusiasm amongst mankind for over thousands of years. The main reasons for such enthusiasm are built around the dynamics of the above process. We will write a custom essay sample on Money: Bank and Funds or any similar topic only for you Order Now Even more fascinating is the fact, that this process is perhaps the only subject that is foxing both the pundits and the commoners alike. Such being the importance of money, any narration regarding the process shall always provide enough excitement. Keeping this in view, the role and importance of financial intermediaries is being featured for the benefit of readers. A glimpse of this coverage is provided in the following pages to lead them to a wider canvas. Financial Intermediaries Financial intermediaries play a vital role in building economies. World over, in different economies it is typical to find that the sources of funds and the uses of funds are not one and the same. This process is also so complexly structured that while individual contributions comprise the major source of funds to the market, the utilization of funds is done by different sectors in the economy. Capital formation comprising of Savings and Investment holds the key to this process. In this causal sequence, Savings play the role of the initiator. The ability of an economy to generate savings depends on the combined abilities of the general public and the government. It is here that the financial system comes into play by converting the savings into productive results. Significance of Financial Intermediation The savings process is facilitated by the financial Intermediaries. In simple terms, financial intermediaries perform the function of facilitating supply of funds to the user of funds, by obtaining the same from the depositors or savers of funds. The term ‘financial intermediaries’ includes different institutions like Banks, Insurance companies, Investment companies, Developmental Financial Institutions, Non-banking Finance Companies, Mutual funds, Pension funds etc. While the role of above institutions is singular with respect to financial intermediation, the functions that are performed by each one of them are different. In a nutshell, these types of intermediation revolve around liquidity position of funds, risks in loans, and pooling of risks to take advantage of economies of scale. To sum up, the function of financial intermediation has arisen out of the need on the part of savers to reach the investors and the inability of investors to find savers. Developed economic systems may not require the need of full-fledged financial intermediaries, unlike the developing systems. This is due to the fact that the gap between the saver and the investor is absolutely minimal. This is referred to as â€Å"financial disintermediation†. The process of financial disintermediation is best achieved by reducing the cost of funds thereby facilitating direct capital formation, which spurs economic growth. The greatest advantage in this process is the fact that it reduces the time gap between saving of money and utilization. The process of financial intermediation is always fraught with risks. Risks both for the givers of funds and the takers of funds, besides the risks for financial intermediaries themselves. The risk factor arises in the first place out of the need for the availability of information and in the second place the need for players to be aware of the available information. Consequently, the need for regulations and the role for a regulator are felt. Financial Intermediation in Indian context In India, without exception, a single type of intermediary does not perform the task of financial intermediation. Different types of financial intermediaries exist and their functions are discussed below. Banks: Banks comprise the oldest form of financial intermediaries in India. The Indian financial scene is dotted with a number of banking institutions. All these banks are segregated into various categories. This segregation has been done on the basis of their incorporation and the businesses performed by them. Consequently, we have various kinds of banking institutions. These are: i. Commercial banks, ii. Regional Rural Banks, iii. Local Area Banks, iv. Co-operative banks. The above classification suggests that banks have been divided under various types depending on the need to achieve the different economic objectives. While making the above classification, geographical factors, need for sectoral deployment of funds involving allocation of funds for Agriculture, Industry, and Service sector etc. have been taken into consideration. However, gradually, the needs of industrial sector have become so huge and complex that separate institutions have been set up for farming the industrial sector. Development Financial Institutions (DFIs): Deployment of funds in the Industrial sector is a major challenge. Industry’s requirements vary depending upon their short-term and long-term needs. The activities of short-term lending and long-term lending are separate and specialized functions. After understanding this finer aspect, the Government of India took initiative to set up specialized institutions for this purpose. For this reason, we find that most of the DFIs – such as the Industrial Development Bank of India (IDBI), are statutorily formed. These institutions provide finances for most of the greenfield projects in the Indian economy and have made a significant contribution by way of financing long –term projects. It is significant to note here that DFIs have been influenced by the changes in the Indian banking scenario to such an extent that these institutions are conlemplating to become universal banks. Insurance Companies: The path of reformation in the Banking industry has also caught up with the other intermediaries as well. In this respect, Insurance industry is witnessing path-breaking changes. In fact, in many countries Insurance companies perform a leading role as financial intermediaries. In India, Life Insurance Corporation of India (LIC) continues to play a very vital role in mobilizing savings and delivering Insurance, though the industry is experiencing the competition from players both Indian and Foreign. With the entry of banks into the arena of insurance business it is interesting to find the beneficial impact of convergence of banking and insurance business. Non-Banking Finance Companies (NBFC): The process of Intermediation virtually begins at home, with the household sector. You read "Money: Bank and Funds" in category "Essay examples" This sector is the basic source of funds for the intermediaries. Such being the important role of the households, NBFCs as independent institutions, have come into existence to meet their financial requirements. The services offered by the NBFCs cater to the whole gamut of needs of the household sector in particular and savers in general. * Emerging Disintermediation in India** With a rapid growth in the intermediation process, the need for financial disintermediation at some stage cannot be overlooked. Realizing fully well that developed systems find lesser need for financial intermediation, in the Indian context the policy reforms aimed at encouraging free market institutions have been moving the financial markets towards disintermediation. The onset of the process of economic liberalization in 1991 has brought about a sea change in the financial markets. The abolition of the office of Controller of Capital Issues (CCI) and the establishment of Securities and Exchange Board of India (SEBI) in 1992 was done essentially with a view to giving an impetus to the capital markets. The market happenings in 1992-94, did strike a hard blow to this mechanism. During the past three years the process of consolidation has begun. Though a reduction in the number of IPOs does suggest to a slackening of the Capital markets, there is also a brighter side of investors becoming more suave. Sources of Funds A discussion on financial intermediaries has to begin with the ‘raw material’ for this activity, i. e. funds. Financial intermediaries are required to raise funds in order to fulfill the needs of both fund-based and non fund-based activities. Considering the various sources and choices available, the financial intermediary considers the following variables in deciding about the ways and means of raising funds. These are: Maturity, Cost of funds, Tax implications, Regulatory framework and Market conditions. Maturity is vital since the intermediary has to plan for the repayment of debt. Since investors look for returns as against the intermediary looking for good spread and income, Cost of funds turns out to be crucial. Tax treatment on returns on some of the instruments could be different – with certain exemptions Thus, Tax implications are useful for tax planning for both the intermediary and the saver. The instruments have to fulfill a plethora of rules and regulations which require the knowledge of Regulatory framework. For designing a particular type of instrument knowledge of Market conditions is essential. Different Sources of Funds In addition to providing low-cost funds, the shareholder route is a popular and easy way for the common public to become ‘owners’ of companies. As the name suggests, the money belongs to the shareholders. Financial institutions have been innovating different methods for raising money from the prospective shareholders. ‘Reserves’ is another source of funds. Incidentally, it is to be known that some of the Reserves are created statutorily. Borrowing by a company is another source of funds for the company, which are repayable with interest. Unlike equity, the funds raised by way of loans are to be repaid. ** **Sources of Funds unique to a Bank The previous classification of sources of funds does not fully explain the avenues for Banks. By virtue of being one of the earliest financial intermediaries, and possibly the most prudent as well, banks have a privileged access to a few more instruments. Considering the fact that different types of financial intermediaries have accessibility to varied types of funds at different rates of interest, it has become necessary for the RBI to lay down norms in this regard. Financial Intermediaries look towards liquidity in the market for enhancing their scope of operations. However, liquidity is a double-edged knife. Excess liquidity or lack of liquidity affects the financial system resulting in either a reduction or an increase in the rate of interest. The cyclical effect is felt by the economy. For controlling liquidity levels in the economy, RBI exercises control through the mechanisms of CRR and SLR. CRR is the reserve to be maintained by banks with the RBI. SLR is the reserve that is maintained by banks for investment in cash, gold or unencumbered approved securities. Deposits The customers’ confidence level reflects the strength of a bank. There is no better way of reflecting the same by any other indicator than Deposits. In the wake of globalization, the avenues for banks for raising funds in the capital market have increased, both in the national and international markets. In terms of value to the Banking system, banks that have a greater deposit base have more value than the banks with a poor deposit base. Banks accept deposits in different ways. Such acceptance could be different in terms of the period, amount, rate of interest and the type of depositor. All the deposit accounts could be classified under Transaction accounts and Non-transaction accounts. The types of accounts that a customer – individually, jointly or corporate can have, are varied. Having said that Deposits are an important source of funds for the banks, a banker is wary about the types of deposits. A term deposit is a dependable source, but the cost is higher than Demand deposits that are low cost funds for the banks. Consequently, the composition of deposits has a direct impact on the profitability of the bank. Application of Funds The real challenge for the financial intermediaries begins at the very end of the first stage i. e. after mobilization of deposits. The meter virtually starts ticking from that time onwards since the deposits are to be repaid by the bank to the customer after a certain period with interest. In order to honor this commitment, financial intermediaries use their funds in different ways. Broadly, the purposes under which they are used can be classified under: i. loans and advances, ii. investments, iii. fixed assets. Loans â€Å"Loan† is a distinct activity wherein funds are taken from the saver and given to the investor. By nationalizing major banks in 1969 and 1980 Government of India sought to direct the utilization of bank funds for socially disired, objectives reflected in priority sector lending. Priority sector lending includes Agriculture and Small Scale Industry as focus areas that would promote equitable development of regions and promote employment avenues. Loans can be classified as secured loans and unsecured loans based on the availability of security or otherwise. Investments The best way to earn attractive return on money is by following an Investment strategy. Since banks have to service their borrowings and deposits at a reasonably good rate and put the funds into more profitable use, Investments in securities offer an option, though in many instances, this is a statutory requirement. There are three main reasons for the Banks to invest in government securities. These are: (i) in case need arises; government securities meet the liquidity requirements of a bank; (ii) it forms a second line of security, for emergency borrowing from RBI, and (iii) for meeting statutory SLR requirements, aimed at protecting the interests of depositor. Banks are also selectively restricted from investing in equity shares. Investments are made in equity shares either through primary issue or by secondary market. Investment initiatives in equity by banks are expected to boost a sagging capital market. Apart from the primary functions of deposit collection and lending, banks also perform treasury operations. The necessity arises out of liquidity compulsions in operations. Banks invest in bonds and debentures as a part of their regular treasury operations and also on behalf of customers. Fixed assets however, constitute a very small amount of investment by banks. The Management of Financial institutions revolves around two basic functions: i. the ability of the intermediary to raise funds, and ii. to deploy them. These two activities determine the sustenance as well as profitability of the intermediaries. Lending Function Apart from the fact that Lending constitutes the major source of income for the bank, the process of lending also depends on the bankers’ appraisal skills. The banks’ funds can be applied in two major areas i. e. investments in securities and credit accommodation. In the process, banks essentially look to balance the ‘spreads’. Apart from the necessity of complying with the regulatory prescriptions, requirement of profitability virtually forces banks to develop an organized credit deployment mechanism. The credit policy of banks is determined by the demand and supply of loanable funds of banks. Firstly, on the demand side of the economy there are the consumers of goods and services. Secondly, the need for credit comes from the corporate sector in the manufacturing, trading and services sectors. Credit management is a specialized area. This is due to the fact that there are different types of credit, and each type of credit is characterized by certain unique factors. Loan is a broad term used to explain the different types of credit facilities – short/medium term extended in the credit market. The selection of the type of loan by a borrower depends on three factors namely, need for credit, cost factor, and cash flow requirements. Since a loan has a demand side and supply side as well, loans can be classified accordingly. Demand side loans will be individual loans while Supply side loans can be classified as commercial loans. As in the case of a borrower, for the bank, providing the loans depends on three factors, namely the nature of credit, the type of security and the purpose of loan. Based on these parameters, further classification of the banks’ advances is done. Loans are also further classified under secured and unsecured loans. Banks have been providing advances to different sectors of the economy and at the same time providing loans to the needy sectors. The sectoral classification of bank loans is made as under: i. priority sector, ii. public sector, iii. banking sector, and iv. others. Loan Appraisal and Disbursal Preliminary appraisal involves an analysis of the market, technology, financial, and managerial skills of borrowing. Once the bank decides to finance, other critical issues are the decisions relating to the mode of financing. Finance is given for land, site development, building, plant and machinery and also for working capital. Banks arrive at the amount of Maximum Permissible Bank Finance (MPBF) through various appraisal methods. **Non-fund Based Services* Non-fund based Services Non-fund based advances in the form of: Letters of Credit and Guarantees offer a very attractive proposition to the banker. Since funds disbursement arises only on default or the happening or non-happening of an event, bank holds only contingent liability. Payments and clearing operations Clearing and remittences constitute important services under ancillary services. The major role of a bank involves mobilizing savings and channelizing them into investments. Complementing these activities are ancillary services of the banks which facilitate the entire payment and settlement system of financial transactions How to cite Money: Bank and Funds, Essay examples

Engaging in Sustainable Social Responsibility

Question: Discuss about the Engaging in Sustainable Social Responsibility. Answer: Introduction According to Werther and Chandler (2011), social responsibility is a critical framework which suggests about the ethical obligation of an entity either as a corporate or a single person to act with the aim of benefitting the society. To tell the truth, the small companies that rarely get the recognition of social responsibility are the ones that have the greatest impact on the community. The act of being and acting in a socially responsible manner entails that people and organizational entities should present themselves in such a way that gives or shows their ethical sensitivity in matters about the societal, economic and environmental factors (Caliyurt and Crowther 2006, p137). The general perception of wanting to act socially responsible assists people, organizations and the involved governments to make a positive effect on the growth and sustainability of said businesses and with all high value of positivity in the results produced. The New Belgium Brewing Company (NBBC) The company has a base in Fort Collins, Colorado, a local beverage brewing company in Belgium playing out the social responsibility part fairly well. Currently, a quickly growing firm whose formation was born from a bicycle trip by the owner through Belgium. Starting operations in 1991 in the owners backyard, it has now grown and expanded its operational base widely. A socially oriented firm purposes not only on its growth and development but also on the welfare of the society it conducts its operations. Some of its environmentally conservative concerns include: Continuously engaging in innovations directed at ensuring quality improvements. Creating equally benefits and a balance between all shareholders comprising of staff, consumers, and the company itself. Cultivating on developing potential growth opportunities through learning initiatives, participative management in addition to pursuing greater growth. Promoting historic beer is drinking culture on a responsible perspective. Environmental stewardship by reducing overall resource consumption, ensuring efficient energy use through recycling. In addition to the aspects highlighted above, the company ensures that its employees get relatively catered for by providing socially humane environments. The firm allows its employees share ownership opportunities by owning 100 percent of the company stock. Other benefits are presents like where an employee is given a bike after one year of service at the enterprise. Methodology (ISR) Individual Social Responsibility is more of in line with the individual playing a prominent part in social responsibility whereas, (CSP) Corporate Social Responsibility is more in line with the socially responsible role played by the corporates (Idowu and Filho 2008, p287). The two have a mutual relationship in that corporations comprises of individuals (Low2014, p23). Companies or firms play their social responsibility by meeting their consumers demands. Mullerat (2010, p222) identifies the International Organization for Standardization states that in the advent of the increasing international globalization, we become consumer conscious regarding not only what we consume but also the technicalities behind their production Mcdonald 2011, p27). It is not surprising anymore to hear of instances where cases of child labor, harmful working environments, and inhumane conditions get blasted openly on social media. Boeger, Murray and Villiers (2008, p39). Therefore, those institutions with long-term targets of profitability, growth, and expansion find themselves in the situation where they should match to the consumers level of reaction to information Adi, Grigore and Crowther 2015, p138). Socially responsible consumers are on an almost daily fight trying to push companies also to act similarly, (socially responsible). The actual contribution of the (CSR) corporate social responsibility to a company together with its key stakeholders should get to quantifiable values which enable the real valuation. The assessment of the CSR has over time has been a contentious matter evaluated by both academic personnel and business practitioners. Visser (2010, p126). Most of the information concerning the CSR ends up combining CSR to consumer theory igniting or creating an entirely new aspect that gets referred to as social performance of the corporates. On the contrary, the soft nature of social factors that brings in the quantifying difficulty. Innovations in the technological field promote the creation of machines or equipment like the Balanced Scoreboard whose use is quickly gaining popularity among many companies. The adoption of the utilization of these devices got ignited by the need to put in non-financial recorders or trackers to give accurate and ascertainable results. Idowu et al., (2008, p149). The need by companies to attain more precise and modern financial records enabling an ease in the manner of making future predictions as compared to the older mechanisms. Also, there are managerial aspects that cover the real social and environmentally affiliated matters. A good example Global Reporting Initiative, operate by availing only related factors but do not connect them to the real corporate strategies end up being weak factor evaluating mechanisms (Coombs and Hollady 2012). For the building and developing of the proposed framework, the available CSR together with Corporate Sustainability, Greek companies from different sectors got analyzed to get a general point of perception. Corporations like all other economically oriented firms have unattainable limits that prevent them from fully conducting their social responsibilities, some of the limits are: Cost- Efforts such as sponsoring of events (Ray and Raju 2014, p133). These are activities that firms get involved in with the aim of promoting social well-being between it and the society. Such actions include sponsoring games like local football matches. Unfortunately, it means a cut-back in the money remaining back. This cost means that there is fewer profits for the shareholders and equally lesser finances to invest with into the business ventures. Fairness. Business entities most of the time will end up removing out any charity they offer out in the form of support to other organizations( Barth and Wolff 2009, p289). The corporations leaders get to make this critical decision which is most of the time gets biased by personal interest, and they make a ruling for the organization, therefore, calling off the charity support. Unintended outcomes. Certain actions by the business can cause implications for businesses (Wolf, Issa and Thiel 2015, p62). A contradicting situation may arise where a business entity carries out an activity in good faith of the social responsibility act. Unfortunately, this action may turn out to opposition to the state's rules and regulations thereby confusing citizens making them show displeasure with the government because they may feel that the nation is running an activity that is getting funded by another business (Habisch 2005, p125). Increased inspection. A firm that undertakes an operational decision of carrying out socially responsible activities falls under constant examination from critics which arises from all directions including its customers, and competitors (Guliani and Rizwan 2016, p.159). A company may regularly support then abruptly cut its charity support to public organizations at any time, unfortunately, in case this drawback happens when the public body is in deep need of financial assistance the firm appears mostly concerned with itself and insensitive to the public demands. CSR is not a reliable long-term problem solver. Businesses can use CSR as a tactic but only for as long as the economic pressure it exerts on the company is negligible. The moment this demand grows to the extent that the company is making losses then, the CSR activities eventually get terminated instantly until further notice when the firm can incur the expenses again (Ahmad and Crowther 2013, p217). The contentious question then remains that for how long will companies continue valuing its social image responsibly? The question is, will companies continue to assess their socially responsible image? CSR in most occasions brings value to a companies image for as long as the company is mutually gaining from the public through sales. On the other hand, the public plays blind for as long the company is funding activities that are beneficial to the public. In the process, malicious firms continue to manipulate the public by making huge gains from wars, destroying the environment through pollution, exploiting employees and eventually increasing the gap between the poor and the rich. Another crucial question is on exposure as a fraud, will firms continue funding the CSR programs? some highly prolific organization did denounce their commitments to CSR. Findings and Discussions Both academic and practical types of research have given results showing that consumers perception of products and the business overall has changed over time. Some of the related results from the research include: Default guilt. Surveys have shown that consumers are highly suspicious of the behaviors by corporations, an example is the 2008 crisis where consumers did show their discrete unlikeliness of taking the word from companies at face value. Therefore, while consumers expect for corporates to display responsible actions they still call for the actual proof by action through the CSR initiatives. So companies need actually to view their measures to the public. Personal accountability from the corporations. Reports from survey analysis show that 90 percent of consumers would quickly switch their product consumption for those companies that support responsible actions through the production of reliable goods and services. 71 per cent of respondents did agree to spend more on goods and services from socially responsible firms. Another 81 percent did show support to cutting expenditure on firms whose products and services were a threat to the social sustainability of the environment. Make Use of Social Media. Data from studies further shows that consumers now get information about companies CSR through the media. Therefore, companies should make an effort at availing more of their information through the social media in an attempt to cover a larger portion of their consumers. As a matter of fact, direct communication with the target audience more so through quick response mediums like Facebook is an added advantage. Create Consumer Engagement Opportunities. By broad speaking, the studies unveil that it is a chance to make consumers personalize the companys products because they get involved in the creation of the CSR solutions (Gossling 2011, p12). It is also another invaluable mechanism of promoting its brand name to the market by encouraging responsible consumption of the companys goods and services. Increasing Public awareness about CSR. Revelations by the survey show there is a probable six percent increase in international consumer awareness if corporations implement proper CSR promotions. If companies get involved in meaningful CSR activities, they should have similarly bold goals to be met through consistent communications about the CSR strategies. Situations within the firm may require that it makes considerate steps with the aim of developing its principles or support external conduct regulations. Practical steps towards socially responsible corporate behavior are: The firms board of directors duty is confirming their commitments. Incidentally, the primary requirement by the top management is to give priority to socially responsible activities by the business (Aras and Crowther 2010, p70). Rather than acting about external pressures, a corporation may volunteer to adopt to its principles, and it should get motivation from the wish to show the values that drive its aim of conducting trade. Openly identify the organizations purpose in addition to agreeing to its values. Responsible conduct of the business is built on its values and missions, in addition to legal conditions together with stakeholder expectations. Business principles in most times include the mission statement, values, and operational principles. Companies need to consider making a clear expression of their values in regards to the base policies. Identify primary stakeholders. Business policies are a direct representation and include what companies value or quantity as their social responsibility to the public which comprises of its employees, its shareholders, its direct customers, other business associates in addition to all significant groups in the society. Therefore, all information regarding the various stakeholders is essential to the firm. Stakeholders refer to those constituents having direct effects on the company. A typical scenario is that it can involve all shareholders including investors, the company's employees, trade unions, and partnering firms. Also not forgetting the public that gets directly affected by the corporations activities. Sun, Stewart, and Pollard (2010, p297). A company may also widen its consultants by including other participants in its production chain, together with states authorities, the social media as well as non-governmental institutions. Companies should also mind the opposing opinions from the public within shareholder groups like the society who get concerned emphatically. Define the corporates principles in addition to policies. Each and every company needs to ascertain its principles (rather than blindly using existing codes). Some firms choose this mechanism by allowing dialogue added to collaborations with selected Some businesses' business principles can comprise of principle statements. Surveillance. Others may contain detailed policy statement, yet others may prepare separate system materials, managerial systems, monitoring and follow-up procedures. Establish procedures for implementation and administrative systems. Companies should inform their personnel as well as other shareholders if it wants to gain a large command support for the business principles (Zul 2009, p297). Formal processes or managerial development systems, adoption and implementation of individual laws, therefore, should include in-house consultations and sufficient communication. Firms avail various types of management mechanisms that cater for different fields including safety measures both in the company and on the environment, its growth and development including its employees. Companies offer different types of management systems catering for many areas which may comprise of health and safety, environmental to business virtues, and sustainable developments. Create an internal progress monitoring committee (Ojo 2016, p253). Makes great note that corporate policies together with implementation require constant review to ensure it gets updated to technologic and scientific changes, consumer needs and the larger societal expectations of the entity. Therefore, the firm has to make constant changes depending on the information it receives from the continuous active analysis of its internal developments. Additionally, the company has the full responsibility of ensuring regular checks on the operational levels of its domestic activities. The sole decision of the company to choose whether to relay its personal information to the public or not. In most situations, rarely will you find companies revealing in-depth and crucial information to the public. Only the characteristic information gets published.Make frequent checks that its business principles are operational. Internal reports from different organizations will differ and by a large degree because of the various policies that control these groups and also due to the difference in the type of business they transact. Various global institutions get adopted to create a standard measuring degree for the voluntary recording of the internal economic aspects together with both the environmental and social effects of a companys activity. A definite means of creating confidence is through the commitment to reasonable business activities by availing updated, and accurate data about their finances, current performance on social and environmental statistics to their stakeholders. Use language which is easily understood by all. Principles and policies in addition to guidelines require clear expression, particularly if the information needs translation. The same applies to any reports that get delivered to the public. Create practical and achievable policies. The recommendations call for a commitment from all the senior managers in charge of the corporation and growth of both internal and external processes. Above all, responsible corporate activities call for a consistent effort from all stakeholders both from within and without the company. The significant aspect of the development of an organization is the successful promotion of the business conduct and making sure that all new top leaders get versed to the with firms visionary modalities. The New Belgium Brewing Company is an environmentally responsible entity. In most of its policies, it works towards ensuring that the environment gets protected. Some of the issues it openly addresses which serve to promote environmental conservation include: NBB has a small energy grid installed that avails the chance to communicate with the energy providers. The grid does this communication by alerting the company about any non-essential operations thereby saving energy. The firm has installed a 20-kilowatt photovoltaic power source that adds into the available energy reserves. The array brings up to 3 percent of the companys electricity. Application of smart technology by installing a brew kettle which economically only the worst sheets instead of the whole pot. This method of heating conserves more energy than the standard kettles. The company utilizes the use of sun tubes that provide lighting similar to the daylight inside the brew house all year long. More technology gets harnessed by using the steam condenser that recycles the hot water used to boil barley and hops to start a new brew in the production process. The steam gets used in heating the floor tiles and melting ice in cold weather. Further Insight about New Belgium brewers. NBB has taken the bold step of applying this measures as a strategy to help in conserving energy and promoting the use of green energy. The company has made the healthy instances improve sustainability for future uses both within the firm and nationally. By so doing, the company can reserve energy which may be of use whenever there are national power shortages. What new Belgiums focus on social responsibility provides is a key advantage over its competitors because of the social responsibility concept where consumers tend to admire firms that cater for the social wellbeing. It is a social concept that drugs are a negative influence thereby companies that deal with any drug related products do not get viewed on a positive note. In reality, New Belgium portrays the notion of a socially responsible company through its socially responsible activities like energy conservation and promoting its employees both financially and politically. Conclusion This document sets out why the government, consumers and other stakeholders get to be convinced about the firms interest to ensure social responsibility gets prime concern in the current competitive business environment of constant and free communication flow where stakeholders get to access all the information and get lost on the freedom of choice. After highlighting about firms social responsibility, coupled with the benefits arising from the highly profitable trading activities, this document targets providing advice that can get practiced on ways of making corporate responsibility to the community an integral constituent of the firm principles and policies. The action of creating business policies are of great importance in projecting a firm's understanding of the position it gets placed in the society and the expectations. Formulating and conducting guidelines is not a one-time activity, but a continuous process. Once it gets established, principles get subjected to ongoing reviews so as to adapt to the current situations we live in and all stakeholders expectations, more so the company's customers. Business creates an enormous contribution not only to the economic but also social growth of the community where it conducts its operations. Companies aim at encouraging environmental and social growth by maintaining faithfulness to their policies and planned a set of activities. Both formal or informal policies play a significant duty in reducing the cultural differences within organizations and in increasing the awareness of societal values, requirements, and concerns. Freedom of action arising from the from the flexible principles governing a business entity has greater and more valuable effects and impact as compared to strict rules and regulations because human beings readily adapt to less pressure as a result of differences arising from different institutional policies. Voluntary plans are more efficient than prescriptive rules. Adoption of free policies by businesses in finding solutions without relying on pressure from external sources like the state laws are highly effective as they get a more positive response and feedback and response from users. 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