Nestle Corporate Social Responsibility Case Study

A company can have sound corporate governance and a good standard of code of ethics but lack people with strong moral principles and high quality of being honest e.g. senior managers and directors. The board of directors must have a crystal, clear ethical leadership before on their power of firing unethical directors and mangers. The specific ethical values that justify all features of corporate governance are responsibility, accountability, fairness and transparency. Therefore the board is required to act ethical towards shareholders and stakeholders for the sake of the

Values • Business values typically are expressed in terms of how the organisation performs its day-to-day interactions with suppliers, employees and customers. A primary objective of the code of ethics is to define what the organisation is about and make it clear that the organisation is based on honesty and fairness. Another commonly defined value is respect in all interactions, regardless of the circumstances. Principles • Principles are used to further support the business values by including operational credos employees should follow. Customer satisfaction, business profitability and continuous improvement are key factors in documenting business principles.

In fundamental terms it is about structured sustainable businesses, which need strong economies, markets and communities. Corporate Social Responsibility (CSR) is the decision-making and execution process that guides all business activities in the precautions and promotion of international human rights, labour and environmental principles and agreement with legal requirements within its operations and in its relations to the societies and communities where it operates. The economic, environmental and social sustainability of communities during the ongoing engagement of stakeholders, the dynamic involvement of communities impacted by company activities and the public reporting of company policies and performance in the economic, environmental and social grounds, are commitment for the contribution of CSR.

Zodiac Aerospace has adapted a proactive form of Corporate Social Responsibility.   The company has established the various factors that contribute to the success of the business. The organization has the knowledge skills and resources to put things in perspective and act quicker. Knowledge about the internal operations and how these operations impact profitability and market position enables Zodiac Aerospace to respond to changing circumstances while still focusing on and attaining their business

From Milton Friedman’s view, maximizing profit is the only focus of any business corporation, so long as it does not violate the state’s laws and the fundamental rules of society. Most firms are disposed to agree the above statement, thinking that business as a whole should not perform social responsibility at a cost of shareholders ('Shareholder value or social responsibility?', 2007). However, the case of ‘Brent Spar’ revealed the failure of corporate social responsibilities, showed that complying with the legislative requirements is insufficient from the view of the

The company consider the social requirements of business and reduce the investment of stakeholders in order to invest completely elsewhere. 4.2. Corporate Social Responsibility Techniques in Tesco The techniques associated to corporate social responsibility states that approaching CSR was not really considered as doing the employment but was fragmented.

A part of Lush’s human resource management is that all employees truly believe in the values that the company stands for. “We pride ourselves on ethics,” says Mark Wolverton, Lush North America President & CEO. Lush aims to stay in business in an environmentally conscious manner. The products have remained fresh and handmade from the day it was founded as a small business. Adding to the values that the brand aims to uphold, these values need to be communicated to the customers, through various platforms, like the company’s Facebook page.

Principles ideally guide an organization throughout all its business activities, in all circumstances, irrespective of changes in organizational goals and strategies, types of work, or top managers. Principles underlie the attitudes and beliefs that often are referred to as the "culture" of the organization. When understood and applied across an organization, principles provide a powerful and integrated philosophy of leadership. Sustainability principles can be of 2 types:  Operational principles  Strategic principles Operational principles deal with questions pertaining to how we deal with business on a day to day basis.

Industry leaders as well as corporate leaders nowadays are encompassing sustainability not just because they are socially responsible, but also because sustainability brings advantages and opportunities to be competitive on the market. The projects, as a form of corporate activities, are a beginning to be a dominating force throughout all industries. This generates the opportunity for project leaders to help organizations to integrate practices of sustainable development in order to achieve the their strategic sustainability goals throughout the whole manufacture chain from the practices used in production to delivering the end product. A vital principle of sustainability is an effective use of resource, which every great project manager must undoubtedly be concerned about. In this short essay I will conduct a short questionnaire study among project team members in our company in order to assess the level of awareness with sustainable development definitions and practices within the company.

A system to check and balances the benefit of all the board of directors and to avoid some of top management from making decisions that only benefit themselves is created and named corporate governance. Corporate governance means the system of rules, practices and processes by which a company is directed and controlled. The set of rules provided as a guidelines for the board of directors to make sure that accountability and fairness in a company’s relationship with its stakeholders such as financiers, customers, management, employees, shareholders and also society in order to achieve company’s goals and targets in a manner that add a value to the company. All of the stakeholders play an important role in corporate governance to ensure that

Transparency can be defined as about being open, honest, and responsible in the way someone carries on their business. This mean sharing, to whatever extent possible, fact about the company on how it is set up, how it operates, what is salaries and bonuses are based on and how its workers are expected to treat customers and each other. Transparency important for the long-term health of a company because it is to avoid damage reputation of the business, attract and retain good employees, boost employee morale, trust and loyalty and for longer term business performance and sustainability. Transparency can be included trustworthiness of a company and company relations. It is important for a company to take into consideration and be responsible to the needs of all organization’s employees and other economic agents because it can give serious impact for the future of an organization.

However, these organizations should be mindful of how much of their time and resources are consumed by business as to not lose perspective on their ultimate social goal. These are the fears and risks that every nonprofit grapples with, the need to provide while still working towards the organization’s mission. In the past fear was the driving factor deterring nonprofits to distance themselves from business methods. Many nonprofits fear that their engagement in business tactics may lead them astray from their intended missions or may cause others in the nonprofit sector negatively view

In line with this theory, the surrounding units include employees, the public, shareholders, corporate partners, the government and the general public. The theory demonstrates that each of these stakeholders have a role in the success of an organization. An organization that needs to maintain and take care of its clients should first focus on taking care of its employees. As Morgeson, Mitchell, and Dong (2015) allude, employees will always take care of the organization 's clients if they are taken care of. In essence, when an organization works with satisfied employees, the employees will try as much as possible to ensure they have a sustainable job through working for the benefit of the organization’s sustainability.

This way the government gets to see if policy maker’s ideas work well with the business world. The best way to get a law to be effective is to have both parties find common ground between ideas. There has to be some sort of compromise for proficiency. I contend that policymakers do not know what works best with the business world for success professionally and for success in profits, they only know what works best for the government. Likewise, business people only know what works best in businesses and do not how to draft a law.