CORPORATE SOCIAL RESPONSIBILITY – A TOOL TO CREATE A POSITIVE BRAND IMAGE.
(Maneet kaur,
Lovely Professional University, Jalandhar, India.
Sudhir Agrawal,
Symbiosis International University.)
In this paper, the researchers have discussed about how corporate houses uses Corporate Social Responsibilities as their tool of marketing. In the path to create a healthy Brand image lays building connections with society through the initiatives of Corporate Social Responsibilities. Corporate Social Responsibility (CSR) builds a landing place in the minds of the customers. It not only helps to spread the Brand Equity awareness among the customers but also creates a healthy and positive Brand Image in the eyes of the potential customers.
The objective
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Survival and Existence of a Company depends upon how responsible a Company is towards the Welfare of the Society. More active a Company is, it is easier for them to build a healthy Brand Image in the eyes of customers which leads to working towards building Brand Equity.
Different concerns have different definitions of Corporate Social Responsibility (CSR) like,
“The continuing commitment by business to behave ethically and endow to economic development while improving the quality of life of the workforce and their families as well as the local community and society at large.” – World Business council for sustainable Development.
“The clear definition of Corporate Social Responsibility is that community is not just another stakeholder in our business but the very purpose of our existence,” – Jamshedji Tata.
Greater number of the private companies says that they grasp Corporate Social Responsibility (CSR) not only because it reinforces their Brand, but also it is the right thing to do. Through Corporate Social Responsibility (CSR), there is an upward trend in the represented Brand value
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A documentary video series called “Raising an Olympian” will be produced by Procter and Gamble which will guide and improve the lives of upcoming athletes, in order to celebrate the sacrifices and dedications of mothers, families and Olympians.
Another occurrence is that of Tata Tea, a leading tea Brand of India. Tata Tea adopted the tag line “Jaago re” (wake up) and its advertisement shows its lead characters handing over cups of tea to the youngsters of college and insisting them to wake up, i.e., they need to go out and vote for the appropriate candidate.
IT companies like Wipro and TCS have refined software to guide children and teachers in schools all over India for further cause of education. Banks and Insurance Companies are addressing travelling laborers and street vendors to benefit them through micro credits and related schemes. The Central Government is engaged on a plan for evaluating the Corporate Social Responsibility (CSR) initiatives of companies to stimulate them further.
Pharmaceuticals Company Jubilant Organosys Ltd., runs an anti-tuberculosis pragramme with the government of Uttar
With so many options of items, objects and brands to solve different problems from itchiness, to a fever or headache, to boredom it is easy to be distracted. It is so simple for consumers to get caught up in the hype or buzz of brands and that is what entrepreneurs are hoping for. It is their goal for consumers to be constantly faced with making decisions or in constant view of products and they do and create ways for people to get even more wrapped up in their brands on purpose so that they can promote their products. In her essay, Dye tries to convince business minded people to do more to get their products seen. Dye writes: " insightful companies have discovered that products can be made visible.
As a result of all of this, the youth that is influenced by their parents will then go on to influence their own children, thus continuing cycle. Because this cycle is so hard to break, those who want to escape through the means of sports find it incredibly difficult. The cycle is analogous to a sort of force, whose power seems stronger the harder on tries to escape it. Ultimately, if this cycle continues, no little to no improvement will come in the representation of Indian athletes in all
Vivian Borja is the Marketing Director for the Otte Polo Group and its subsidiaries. Vivian is a dynamic, multicultural and multi-lingual senior marketing professional and has over 15 years of experience. Vivian earned her MBA degree from Florida International University in 2003. Since then, she has built a reputable track record of business development and market share growth in places such as Johnson & Johnson, Covidien and Western Union. The cornerstone of her philosophy is team building coupled with creativity and innovation to see market trends and anticipate growth; which has been the nucleus of her success in the consumer market, financial, IT and medical products and service industries.
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 states that a firm can never exist In a vacuum (Khalidah et. al.).
Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders . The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
On the contrary, the practice of CSR is an important consideration for long-term investment as it can help generate more profit in the future. In this report, Nestlé would be one of the good examples to illustrate those concepts. Nestlé is one of the world’s largest food and beverage companies. The company believes that by creating value for the shareholder and the public, it will have long-term sustainability.
The Mini Case manifests that Nike’s core competency is to create heroes. Nike spends over $1 billion per year sponsoring athletes, and transfer its brand image via celebrity effect. Nike sponsoring athletes who with huge potential, or even from disadvantaged backgrounds (Rothaemel, 2015). Those people’s success stand for “impossible to possible”, Nike impressing its customers that everyone can become a hero by these inspiring stories. From 1976 to 1983, Nike focused on product innovation, and launched the Air shoe which significantly contributed to a reversal in declining sales.
1.0 Introduction Business ethics refers to what is right and wrong, good and bad, harmful and beneficial regarding decisions and actions in organizational transactions (Weiss, 2009). So how to identify the unethical business practices? It is very easily. For example, which are company use child labor, produce tainted products, false advertising, infringement, polluted environment and etc.
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.
2 LITERATURE REVIEW Several studies have been made on the branding of Institution especially, higher Institutions which includes Universities, Colleges and Business Schools. The importance of branding is well recognised in the branding literature. This chapter starts with a definition of key words in order to understand the terms of discussion and theoretical concepts relevant the research topic. The key words includes strategic positioning, brands, branding, business school, corporate branding, brand image and reputation and brand strategy, stakeholders.
DIGITAL MEDIA STRATEGY: 7 BE ORIGINAL AND CREATIVE 7 BE EMOTIONAL 8 BE HUMOROUS 8 BE PROVOKING 9 REFERENCES 10 Oreo Introduction Mondelez International is a global snacks powerhouse with products marketed in 165 countries and with operations in more than 80 countries bringing in $35 Billion in revenues. In India it operates through Mondelez India Foods Ltd. (erstwhile Cadbury) and is an undisputed leader in the chocolate market with a market share of almost 70%. Cadbury in India has been known for its innovative marketing strategies and effective brand positioning. Since its launch of Cadbury Dairy milk the company has effectively repositioned the brand to suite the prevalent circumstances and the same finesse was evident in the launch of its premium biscuit brand Oreo in India.
Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders. The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders.
The topic of my paper is whether we should keep the Olympics or should not keep the Olympics. To some people we should keep the Olympics, to other people we should not keep the Olympics. I believe we should keep the Olympics, it is a fantastic way for the best athletes in the world to show what they can do. Likewise, it is a good way to keep athletes healthy. People are saying we should not keep the Olympics for the reason that the Olympics do not have all the sports.
Thanks to my father, I grew up with a passion for sports. Him working as a consultant for the Olympic Games gave my family the opportunity to travel and discover new countries such as Australia, Greece and China, but also experience the unique atmosphere of the Olympic Games. As I became older, my admiration for major sports figures and leaders grew, until came the realization: why not give myself the opportunity to become part of that world? For personal reasons, I had decided to put myself to the test and try something completely new instead when I was asked after obtaining my IB diploma to make a decision concerning my future. I was afraid I would be choosing the easy route if I ventured deeper into the sports field, as it was a world
3. Literature Review • Brand Image Brand image is the variable which enforce a consumer for finding difference between brand and its competitors. Brand image consist of expectations, impressions and beliefs that a person holds about brand. The overall perception of consumer about quality and service can be created by brand image. Brand image is nothing but organization character.