Thursday, April 7, 2011

What is Corporate Social Responsibity (CSR)? A MBA perspective




    Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business) is a form of corporate self-regulation integrated into a business model. 

CSR policy functions as a built-in, self-regulating mechanism whereby business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. 

Furthermore, CSR-focused businesses would proactively promote the public interest by encouraging community growth and development, and voluntarily eliminating practices that harm the public sphere, regardless of legality. 

CSR is the deliberate inclusion of public interest into corporate decision-making, that is the core business of the company or firm, and the honouring of a triple bottom line: people, planet, profit.

The term "corporate social responsibility" came in to common use in the late 1960s and early 1970s, after many multinational corporations formed. The term stakeholder, meaning those on whom an organization's activities have an impact, was used to describe corporate owners beyond shareholders as a result of an influential book by R. Edward Freeman, Strategic management: a stakeholder approach in 1984. 

Proponents argue that corporations make more long term profits by operating with a perspective, while critics argue that CSR distracts from the economic role of businesses. Others argue CSR is merely window-dressing, or an attempt to pre-empt the role of governments as a watchdog over powerful multinational corporations.

CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. Development business ethics is one of the forms of applied ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. ISO 26000 is the recognized international standard for CSR (currently a Draft International Standard). Public sector organizations (the United Nations for example) adhere to the triple bottom line (TBL). It is widely accepted that CSR adheres to similar principles but with no formal act of legislation. The UN has developed the Principles for Responsible Investment as guidelines for investing entities.

Renelsia Chong, (MBA)
Class of August 2007
Subang Jaya, Malaysia

"Success is not measured by how rich you are. Success is measured by how many people you can help to get to the same level of wealth that you are enjoying."


Monday, April 4, 2011

What is MT4's Visual Strategy Tester and how it help can you trade better.

       Testing on historical data is an essential prerequisite for a profitable automated trading system to be created.

Every trader knows that manual testing of the Expert Advisor or a specific entry and exit strategy is a quite labour-intensive and long process.

This is why many traders use special software tools for testing.

A visual strategy tester is now embedded in the MetaTrader 4 Client Terminal along with the MQL4 programming language.

Testing and optimization of experts or entry and exit strategies is not a challenge anymore.

MT4's first strategy tester appeared in the online trading platform MetaQuotes as far back as 2002.

Visualization allows monitoring of the expert testing process. One can see directly in the chart how the automated trading system trades. All this makes it possible to implement advanced standards in testing of Expert Advisors and to analyze the expert's behavior more precisely.

For testing to be precise, tick data is required. But it is often impossible to get tick-by-tick history for a sequence of years. Traders, as a rule, have only one-minute data available.

This is why there are three modes of bars modeling available in the strategy tester.

The choice of the bars modeling mode essentially influences the adequacy of the expert test and optimization results.

Thus, one can quickly test the expert using the fastest mode of modeling on historical data.

However, the testing error can be rather significant.

At every-tick modeling, in fact, the large amount of data to be processed takes much more time. But the results will be more precise and reliable.

All advantages of the visual strategy tester in MT4 enable the trader to optimize his or her automated trading strategy to meet market requirements.

Here is how MT4's visual strategy tester works and how it can help you: Try it!


Now that you have learned one of Kishore M's strategy ( found here) why don't you take his strategy for a spin?

We would like to hear from you on how well his strategy is helping you. It's important for us to have feedback for continuous improvement, so we could serve our students better.

To your trading success,

Claudia Tan (ACCA)
Class of June 2009
Singapore


 

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Sunday, April 3, 2011

Patricia Ryan: Don't insist on English to learn anything!

Powerup Capital Review #59


Regardless of how strong a long-term market trend is, the market never moves only in the direction of the long-term trend – there are always minor movements against the longterm market trend.

These deviations usually don’t last very long and after them the market moves again in the direction of the long-term trend.

The major market movements in the direction of the long-term market trend are called impulsive waves and the minor market movements against the long-term market trend are called corrective waves.

A bullish signal occurs if the active wave is recognized as a downward corrective wave. That means the active wave was downward and the whole candlestick was found above the upper confirmation level (0.750).
A bullish signal also occurs if the active wave is recognized as an upward impulsive wave.That means the active wave was upward and the whole candlestick was found above the upper confirmation level (0.750).
A bearish signal occurs if the active wave is recognized as a downward impulsive wave.That means the active wave was downward and the whole candlestick was found below the lower confirmation level (0.250).
A bearish signal also occurs if the active wave is recognized as an upward corrective wave. That means the active wave was upward and the whole candlestick was found below the lower confirmation level (0.250).

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