Introduction
In the contemporary business world, Corporate Social Responsibility (CSR) and sustainability are common elements that cannot be overlooked. Both CSR and sustainability aim to contribute to society's goals through various approaches (Lim and Greenwood 2017). This paper presents a case study to establish CST and sustainable approaches utilized by the company SUZHOU GOOD-ARK Electronics Co., Ltd, based in China. The analysis will be done using a responsible innovation inventory to determine the various aspects of CSR and sustainability used by the company. The general analysis of the company's responsible innovation will be done through the responsible business mindset framework.
Case description
SUZHOU GOOD-ARK Electronics Co., Ltd is a Jiangsu-based company with its operations in the discrete devices and integrated circuit packaging businesses. The company's primary products are diodes, surface-mounted devices, bridge rectifiers, photovoltaic bypass integrated modules, quad flat no-lead (QFN) package integrated circuits (IC), and dual flat no-lead package IC products ("About Us" n.d.). Also, the company offers solar silver products and accelerometers.
These products' consumption is mainly in the aerospace, green lightings, automotive, information technology, housing appliances, large industrial products, and other electronic device fields. The markets for the products manufactured by Good-Ark are both the domestic Chinese market and the international market. The company had been founded in November 1990, and it is listed as one of the top ten best-known high-tech companies manufacturing semiconductors in the Chinese electronics industry. The firm has yearly sales of approximately USD 125 Million, based on 2011 figures. More than 2,800 employees in its ten companies make up the SUZHOU GOOD-ARK Electronics corporate family.
This case is considered a suitable selection for the study objective because many CSR and sustainability approaches have focused on the large multinational. There is little research that targets industries in the electronics manufacturing industry, particularly semiconductors. This study and the findings made, therefore, are considered an eye-opener because; 1) the selection of the case study that has operations in the semiconductor industry, and 2) the fact that the company is located in China and it targets the international market (Tang et al. 2018). The Chinese market is considered interesting, mainly because of the Chinese market's culture and traditions (Tourigny et al. 2019) and the political environment of the China People Republic.
Responsible Innovation Inventory
Identify the most significant innovations in the company for tackling social, ethical, and environmental issues
SUZHOU GOOD-ARK Electronics Co., Ltd has developed eight models that are considered to be innovative strategies for tackling social and ethical issues; 1) humanistic care, 2) human-centered education, 3) adoption of green practices, 4) promotion of health, 5) philanthropic actions within the society, 6) voluntary services, 7) record and do public practices that are human-centered, and 8) fulfillment of the company's role responsibilities ("Suzhou Good-Ark Electronics" 2019).
To meet the time's environmental issues, the company has made innovations and committed to environmental sustainability by adopting environmental policies that align with the various aspects of the company's practices. Canon and Sony approve the company as a Green Partner. Good-Ark conducts sustainable growth and employee well-being. The company supports the RoHS Directive and meets REACH requirements. Devices from the company are halogen-free and lead-free by design. Also, products do not contain tin, tungsten, tantalum, or gold. The company complies with Automotive Electronic Council (AEC) Q100/Q101 Automotive Reliability Testing standards and can support the Production Part Approval Process (PPAP) ("Our Certifications," n.d.).
Describe & characterize the most significant innovations in the company...
References
"About Us," Good-Ark, n.d. Retrieved from http://www.goodark.com/en/about/company_desc/
"Corporate Social Responsibility—From Suzhou to New York." Good-Ark, 2015. Retrieved from http://www.goodark.com/en/news/summary/s6970.html
"Our Certifications." Good-Ark semiconductor, n.d. Retrieved from https://goodarksemi.com/quality
"Quality." Good-ark, n.d. Retrieved from http://www.goodark.com/en/quality/
"Suzhou Good-Ark Electronics." Humanistic Management, 2019. Retrieved from http://humanisticmanagement.network/wp-content/uploads/2019/07/Good-Ark-Electronics-002.pdf
Currás?Pérez, R., Dolz?Dolz, C., Miquel?Romero, M.J., and Sánchez?García, I., 2018. How social, environmental, and economic CSR affects consumer?perceived value: Does perceived consumer effectiveness make a difference?. Corporate Social Responsibility and Environmental Management, 25(5), pp.733-747.
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Pingping, F. & Longfeng, C., 2014. Good-Ark: Happy Company Formula. China Business Knowledge. Retrieved from https://cbk.bschool.cuhk.edu.hk/good-ark-business-as-family/
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