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Corporate Social Responsibilities
Comparison of CSR Practices
In the 21st century, attaining some degree of social responsibility is recognized as a business quality that most corporations use in their daily operations to keep being in business Enquist, Edvardsson, & Petros, 2008.
The inclusion of social responsibility into a corporation helps to form a connection between the corporation's objectives with the idea of sustainable developments Samuel & Walter, 2009.
Corporate social responsibility helps corporations to show their ethical concern for sustainable development and that for their stakeholders. In this paper, a comparison of corporate social responsibility of three companies is given.
CSR practices of IKEA, Hennes & Mauritz (H&M) and Starbucks compared
H&M philosophy in conducting business as the third largest retailer of clothing in the world is to offer the best price for fashion and quality outfits. The issue of the quality by H&M does not only involve the final product but combines the company's wholesome process. This includes the manufacturing system including sourcing of raw materials, their processing, transport, final product manufacture, sales and final use of the products. In its corporate social responsibility, H&M ensures safe working conditions as a measure to give meaning to its commitment to quality. On top of good working conditions, the company enforces minimum use of...
The company contracts well-known fashion icons and designers to produce limited edition collection with a sense of fashion and quality. To further take care of the end user convenience, the company has an online shopping channel and catalogue shopping facility. This affords the end user a convenient and cheap way to obtain their desired products and output of H&M Company. The main concerns for H&M in corporate social responsibility is condition of workers, banning child labor, ensure quality and low price Chaudhary & Krishin, 2007()
Starbucks
Starbucks seeks to establish itself as most respected and recognized brand by managing business conducts in manner that shows social and environmental concern. As a company that sources its raw material from coffee farmers, the company initiates its CSR in their interactions with the farmers. Starbucks ensure good treatment of workers by farmers by only sourcing their coffee from farms that observe good treatment of workers. To enforce this practice Starbucks has gone ahead to afford economic incentives to coffee supplies who follow and enforce the standards of good and fair treatment of workers. The standards also include production of coffee in a…
References
Chaudhary, K., & Krishin, V.R. (2007). Impact of Corporate Social Responsibility and Tranformational Leadership on Brand Community: An Experimental Study'. Global Business Review, 8(2), 205-220.
Enquist, B., Edvardsson, B., & Petros, S., S. (2008). Corporate Social Responsibility for Charity or for Service Business? . The Asian Journal of Quality, 9(1), 55-67.
Samuel, O.I., & Walter, L.F. (2009). Global Practices of Corporate Social Responsibility. Heidelberg: Springer.
Corporate Social Responsibility The author of this report has been asked to do a critical review of the subject that has come to be known as corporate social responsibility, or CSR for short. Rather than just doing a general literature review of the subject, there will be some specific points of analysis that will be focused on. The primary focal point that will be distinctive in this report is the comparison
Corporate Social Responsibility Literature Review a topic-Corporate Social Responsibility The term 'corporate social responsibility' is a social word that has often taken the world by a storm at its mention. Noya and Clarence (2007) in their book "The social economy: building inclusive economies" offers a succinct description and understanding of what normally takes place and get exemplified at the mention of this term in the business world. Many writers of business journals
Corporate Social Responsibility in Indian Pharmaceutical Industry An Exploratory Study Outlook of CSR in India History of CSR in India Philanthropy in Indian Society Modern Form of CSR in Indian Society Profile of Indian Pharmaceutical Industry Rationale for Selection CSR Activities by Indian Pharmaceutical Companies Major Influences Over CSR Activities Scope of CSR Activities Comparison of Indian & Western Pharmaceutical Companies This research paper is concerned with the recent practices of Indian pharmaceutical companies in the field of corporate social responsibility. For
As he believes, that when firms are collaborating with government officials, they are creating win -- win situations for everyone involved. This is significant, because it is showing how the government wants to see these kinds of programs implemented to improve the business environment and the standard of living in various regions of the country. Once this occurs, it means that Saudi Arabia will be the focus of increased
Corporate Social Responsibility (Sony) Corporate social responsibility (CSR) is no longer a tenable option to just be silent. Companies have to take responsibilities of their actions as a result of the impacts their businesses causes to the community and their stakeholders. For example during the recent oil spill of the British Petroleum Company (BP), at the coast of United States, the U.S. government did not remain silent on the issue but
Corporate Social Responsibility Unfortunately, corporations are given considerable leeway by the government and are allowed to sidestep rules, misinform or withhold information from the public; and otherwise avoid accountability. As Estes writes in his article "Punitive Damages Remind Companies Not to Sin," "We'll continue to have exploding automobiles, unsafe workplaces, sweatshops, toxic pollution and waste until corporations are made to put the public interest over private profit." Exploding cars are only