[Gap Incorporation]
[The Company That Has Dealt With Public Criticism From Various Stakeholders]
Name of Student:…………………………..
[UNIVERSITY OF THE PEOPLE]
6/27/2017
Introduction
Businesses are managed through the use of corporate social responsibility (CSR), which is the systematic approach used to incorporate social, economic and environmental benefits into their business activities and into their conversation with their stakeholders. By comprehending their stakeholders, businesses are able to monitor its own development and influence and there are various drivers of corporate social responsibility. The external (investors, consumers, public authorities, non-governmental institutions, trade unions and so on and so forth) and the internal
…show more content…
Also, by proactively engaging in corporate social responsibility, organizations such as Gap Inc. will be able to enhance “value” and also their position in the market. Therefore, businesses need to understand the nature of their corporate social responsibility engagements, control the expectations of their stakeholders, be distinct about their limits in order to avoid criticism and possibly future negative impacts. References
Gap Inc. (n.d.). Mission Statement - GAP INC. Retrieved June 27, 2017, from http://gapinccompanyinfo.weebly.com/mission-statement.html
International Organization of Employers. (2005). The role of business within society: Position Paper. Retrieved June 27, 2017, from http://www.ioe-emp.org/fileadmin/ioe_documents/publications/Policy%20Areas/csr/EN/(2005)%20The%20Role%20of%20Business%20in%20Society.pdf
Smith, N. C., Ansett, S., & Erez, L. (2011, June 22). How Gap Inc. Engaged With its Stakeholders. Retrieved June 27, 2017, from http://sloanreview.mit.edu/article/how-gap-inc-engaged-with-its-stakeholders/
Wikipedia. (2017). Gap Inc. Retrieved June 27, 2017, from
Lowe’s Companies, Inc. – Fortune 500 Writing Assignment Lowe’s Companies, Inc., is a vendor that offers environmentally responsible home development merchandise, packaging, and do-it yourself informational services at everyday low prices. Lowe’s was founded in 1946 and the first store, now the corporate office, was based in Mooresville, N.C. Currently this company attends to above 17 million patrons a week in Canada, Mexico and the United States. Today Lowe’s is one of the top U.S. operating companies and is ranked number 40 on this year’s Fortune 500 list.
I like your post, you mentioned you and your girlfriend to start family together in the next 5-10yrs is a very good long term goal to achieve. Also to support family is important because that is our priority in life. To pursue your career at GCU is not by accident you have plan it before now with your strong motivation and goal your success will come through. Keep your good work you are at the right part with the GCU mission statement you will achieve your
Growing up in a small, rural community the majority of the population was uninsured and underserved. Access to primary healthcare was limited with most physicians’ offices being close to an hour drive one way. I grew up seeing both of my parents work two jobs and still having to make the decision to put their health on the back burner due to lack of finances or insufficient insurance coverage. This often led to numerous emergency department visits because of the lack of access to a primary care physician who could have provided preventative care. This was not only an issue within my home but throughout the town.
Legitimacy theory is a “positive theory” that asserts that businesses are bound by the implicit “social contract” that the corporation agrees to perform that are specifically relating to social and environmental issues (Rankin, et al. 2012, 142). To remain congruent with societal values in which it operates, a corporation can address attributes that relate to this theory through voluntary social and environmental disclosures made on platforms like its annual report (Coebergh 2011, 65). Virgin Australia has various groups of important stakeholders who can affect or is affected by both the actions and activities of the corporation (Laasch and Conaway 2014, 97). They are namely, guests, employees, investor groups and shareholders, unions, non-government
I have a 2.65 GPA currently before I transferred to SGU I had a 3.0 GPA. I believe moving off campus will help me promote the mission because it will help me focus on what matters the most to me which is my academics, communal, and spiritual growth as a Christian. Before I came to SGU I had great grades, doing things for the community, and being able to be with my local church. I wasn't living on campus while at my last school so I could focus more on my school and God. I will explain why this is important to me and for my life to live off campus.
History Originally an entrepreneur class project, Urban Outfitters is a lifestyle and apparel retailer founded by Richard Hayne and Scott Belair in Philadelphia, Pennsylvania, in 1970. Urban Outfitters' mission is to "create unique retail experiences with an eye toward creativity and a singular focus on pleasing our customer" (Urban Outfitters, Inc.). Urban Outfitters offers products ranging from women's and men's apparel to home goods and beauty. Many of the products offered are exclusive to Urban Outfitters and are “designed internally and in collaboration with third-party brands” (Urban Outfitters, Inc.). Urban Outfitters is a Brick-n-Click retailer with 263 stores across North America and Europe.
B Corp certification places emphasis on the latter, stating that businesses should harness their power to make positive changes for society in areas the government and NGOs are unable to (TEDx Talks, 2010). In that sense, the stakeholder approach is more beneficial to society since its foundation lies in shifting business motives from purely financial to include social motives as well. A company that is focusing completely on how to make the most money and returns will, at times, undoubtedly overlook the role of its stakeholders including its employees, consumers, communities, and suppliers. Having a stakeholder business model can also allow the company to succeed in the long run; giving these groups more attention in business decisions can strengthen relations with the company and create favorable views of the company. For shareholders, however, a stakeholder business model like NBB’s might not be favorable compared to a traditional profit-motivated business model.
Klein takes advantage of this phenomenon and incorporates these companies into her essay. By doing this, she makes a stronger connection with her readers and allows her claim to more easily
Introduction This case study explores the acquisition of the Body Shop, which is one of the largest franchise cosmetics companies in the world, by L’Oreal. The main concentration of the case study aims at investigating the impact on business ethics and corporate social responsibility by the concentricity of the Body Shop and L’Oreal and how the general attitude and buying behaviour is distorted in the course of this acquisition. L‘Oreal being the big conglomerate in the cosmetics industry acquired the Body Shop International which is comparably small but having iconic brand of environmental and socially responsible concerns, on 17 March 2006, through a covenant of $1.2 billion. The combination of two brands in a newly formed conglomerate implies a combination of values, principles and associations that might affect a company’s appeal. The verity that L 'Oreal 's acquisition of the Body Shop provides plenty of potential growth opportunities is undeniable; nevertheless the question of how well the acquisition sits in the group of the world 's largest cosmetics company is another matter.
SOCIAL RESPONSIBILITY As we defined above that social responsibility is to protect and enhance well-being of living things. Every organization is socially responsible to protect the environment and they can do there much which is legally required for the organizations. The very first social responsibility of every business is that to earn enough profit to meet his expenses. If the firm cannot earn profit no social need and social responsibility can be met by the firm the firm fails.
Discussion Nestlé’s Corporate Social Responsibility consists of looking further then the own company needs or profits and pay more attention to other stakeholders. Everyone concerned or connected to the company business will get a closer look on their situation and will be treated right. They divide the stakeholders in two categories; the first being the internal stakeholders such as employees and shareholders. The second category is external stakeholders where we find the suppliers, customers, environment and so on.
1) Evaluate how Nestlé 's approach to corporate responsibility was good for their business. Corporate businesses generally have to meet ethical, legal, commercial and public expectations. That is what is expected of the business world today. This is known as the Corporate Social Responsibility (CSR). However, businesses with short-term goal will rarely practice CSR since practicing it does not bring any benefit.
AMAZON’S CORPORATE SOCIAL RESPONSIBILITIES: Most major companies have embraced the power of CSR to drive brand affinity while also effecting tangible positive social and environmental impact, but some corporations remain conspicuously absent from the CSR landscape. Amazon.com, dubbed by its own hometown as a "corporate scrooge," is one of those companies notably turning a blind eye to demands for CSR. But now, the online retail giant may be changing its tune. There were four pillars to Amazon’s CSR:- •Economic responsibilities - As a foundation companies are responsible to produce goods and services in a profitable matter. In addition companies create jobs and create career opportunities.
CASE STUDY HINDUSTAN UNILEVER- TRANSFORMING A BRAND INTO A SOCIALLY RESPONSIBLE LEADER. 6/30/2015 Amity International Business School Aditya Agarwal A1802014167 Faculty Guide- Dr. Kokil Jain Industry Guide-
Here you look on the difference between benefits and harms for the society and if the benefits are greater than the decision or an action is considered as ethical, if lower – unethical. Here it is important to identify the stakeholders and an effects on them from actions or decisions of a company. “You can think of a stakeholder as a person or organization that can affect or be affected by your organization. Stakeholders can come from inside or outside of the organization. Examples of stakeholders of a business include customers, employees, stockholders, suppliers, non-profit community organizations, government, and the local community among many others.”