In this paper, I am going to discuss and explain my opinions on why company Q is or is not socially responsible. Company Q recently closed a couple of stores in high crime areas. Company Q also started offering very limited health conscious and organic products. The local food bank has contacted Company Q requesting day old food for donations. Company Q has declined the donation request due to possible fraud by its employees and has started throwing the food away.
The Corporate Social Responsibility of the company is responsible for the welfare of society. The company did not think about the community. Thus, the company had to face the title of being unethical resulting in losing its
The analysis will determine how the organization will enhance their responsiveness of leadership will affect the relationship with society. The analysis will determine the health of the organization through the triple bottom line of: people, planet, profit. An implementation of a strategic plan will be devised to practice corporate social responsibility that will enhance the relationship between the organization and stakeholders. An evaluation of policies and practices will determine the impact they may have on internal and external stakeholders’ operations of responsibility. Analysis of Issues Personnel
Modern day businesses have to be socially responsible; actions are taken to satisfy customers who might have a cause that they care deeply. Social responsibility occurs when a person or a company acts in an ethical and sensitive way towards important social issues of the day such as economic, environmental, and cultural concerns. Many businesses have a section of their website or business literature dedicated to social responsibility. Companies proudly detail the steps they are taking to address concerns that people have with the environment and economic issues. Having companies act in a socially responsible way is necessary because their actions have a tremendous positive impact on society.
General Motors’ Charles E. Wilson famously told a Senate committee in 1953, “for years I thought that what was good for our country was good for General Motors, and vice versa,” personifying the beneficent attitudes of the corporate world post World War 2. However, has the ethos of social responsibility and ethical business practises remained intact in corporations five decades later? Flash forward to 2014, when General Motors (GM) had forcibly appointed a new safety chief in the wake of recalling 3 million cars for safety issues. The safety issues with certain models such as the popular 2009-2013 Chevrolet Traverse, 2008-2013 Buick Enclave and 2008-2013 GMC Acadia was that the ignition switch would shut off the engine whilst the car was
There are four types of social responsibilities and Monsanto using all of them in their company. These responsibilities can be arranged in a pyramid, with basic responsibilities closer to the bottom. Monsanto's economic responsibilities are making a profit mainly and staying committed to developing the technologies that enable farmers to produce more crops while conserving more of the natural resources that are essential to their success. Monsanto dominates the agricultural biotechnology industry, whose audacious mission is to transform the genetic composition of the world's food supply. More than 80% of the soybeans and cotton harvested in this country now have at least one patented by Monsanto genes (Fortune).
Nevsun Resources Ltd. is a Canadian company mid-level, produces copper mining company. Headquartered in Vancouver and at first established as an investigation company, Nevsun first African projects were in Ghana and Mali and they were both sold. Nevsun moved attention to its existing asset, which is the Bisha Mine in Eritrea in 2008. The Bisha mine started production in 2011 as a gold producer and switch to trade copper production in 2013. The Bisha Mine is a large volcanic base of rich metal like gold and silver oxides, in addition to copper and zinc massive sulphides.
One term that people discuss is corporate social responsibility, especially because many people are starting to recognize that companies can deeply influence our society in many different ways. During this learning journey, we will be discussing companies whose social responsibility actions I admire the most. Furthermore, we will also be discussing which companies I do not trust. Last but not least, I will be stating whether I would like to work in the corporate social responsibility
In business companies have a duty to uphold their social responsibility. Monsanto too is no exception. There are four parts of being socially responsible. The four types of social responsibility are philanthropic, ethical, legal and economic.
Social Responsibility and Monsanto Agricultural company Monsanto finds itself amidst controversy as it maintains and raises high prices for corn and soybean seeds, despite each crop’s falling value. As a result, the company’s decision to maintain these high and rising prices calls social responsibility regarding consumer relations and relations with stockholders into question. “A critical issue in business today is business’s responsibility to customers”, which includes providing safe, reliable products at a fair price for customers, regarding consumer relations (BACW, p. 56). Monsanto continues to raise the prices of their products, despite falling prices of corn and soybeans, shaking the relationship between the company and consumers. Typically,
The main objective of this paper is to provide an in depth viewpoint of the Corporate Social Responsibility (CSR) of Southern Company. Corporate Social Responsibility is a commitment that businesses and corporations make that holds them accountable for contributing to the economic development of where they are located. CSR also improves the quality of life for the company’s workforce, their families, and the community. To maintain their CSR, many companies choose to donate to charities, volunteer in their community, and “go green” to improve their surrounding environment. While researching Southern Company, the most frequent CSR activity from the company is the formation of partnerships with foundations.
Davis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
When quality and care are the hallmark of your brand and product, bargaining is not needed. Customers, clients and employees receive their benefit from engaging with your product or brand. Academically, Social responsibility promotes environmental stewardship, engaging in cause marketing, and promoting cultural diversity.
Trying to ignore the social responsibilities might stain an organization’s image and reputation. Thus, performing social responsibility is not simply a choice; it is a need of any corporation. In the twenty-first century, businesses are in the bottlenecks where globalization, science and technology advancement and integrated knowledge are taking place in today’s society (Chan, n.d.). To gain a foothold in this economy, image and reputation play an important role to differentiate a company from one another. With good reputation, it helps firms to create competitive advantage in the business environment.
Firstly, it can impact at the company level and secondly at the ethical portfolio level. There are several ways through which ethical behaviour/investment of the company could indirectly affect the organizational performance. CHAPTER 4: CONCLUSION • Ethical investment is not only concerned with the investors but the organization as well as to how it invests within the organization for the functioning of various internal activities as well as investment externally. • Ethical investment has an effect on the organizational performance and the brand image of the company. • Not investing much of the time on responsible investment could get the company through in the short run but for long run sustainability of the organization which is on social, financial, ecological and political basis responsible investment is suggestable for the organization.
