According to Fleming (2012), the company is increasing its long term business prospects which may aid its customers to gain social and economic goal. It is identified that the company has looked up its competitive benefit and examine its philanthropy efforts by the most effective way. According to Geppert et.al (2014), this means company is socially responsible and associated to environmental practice which can also lead to a strong customer and sales loyalty. This may enhance the productivity and quality of the company’s product which retain and attract its workers in order to reduce the regulatory
The team leader will be in charge of coordinating the activities of the group and communicating with upper management. The legal representative, on the other hand, will be tasked with advising the group on legal matters; a legal representative will be needed to ensure that the company is capable of taking legal action in case of an external intrusion.
The BOD and manager shall not accept employee or position on the company because of the relations. The capability of the employee should be the sole reason of requirement, in order to be fair with another employee. The relatives that work within company shall have the equal treatment with another employee. Code of Conduct of Financial Division The code of conduct of financial division is to perform honest and ethical conduct that compliance by the law and the standard of financial record in order to provide detail financial statements. Financial division in Mad Cafe shall never manipulate, fraud the firm independent financial record.
If a company wishes to limit their employees from discussing anything work related on social media, then the company should enforce rules that prohibit their employees from doing so. Furthermore, the company should also implement policies that forbid all personal online computer use during work hours. Therefore, when an employee violates any of these strict policies, that employee would be held liable and responsible for his actions. Moreover, employees should have the ability to discuss anything freely without having to fear what their employers would think about
New Belgium’s social responsibilities provide the company serious competitive advantage because consumers have the desire to believe in and have positive feelings about the products they spend their money on (p. 359). The company’s image of being a corporate brand that values responsibility, society, and quality is its most important strength (Ferrell and Hartline, 2014, p. 359). New Belgium sees itself as a caring business with that cares about all stakeholders rather than just a beer company (p. 359). The company’s socially responsible initiatives contribute largely to its success as consumers increasingly support what the company stands for (p. 351). Corporate social responsibility actions help to make corporations/businesses appear concerned about creating a healthy
It aims to create and optimise value for all stakeholders of the business, where this act is suggested to be able to lead a healthy, sustainable and resilient business, thereby to maximise the shareholders’ wealth. Conscious business comprises four arms: Purpose, Culture, Leadership and Stakeholders (Figure 1). With reference to the title, this text focuses on the Stakeholder Theory of conscious capitalism. Figure 1. Conscious Capitalism
Even in terms of investing and financing, there is a growing trend of shareholders investing in socially responsible companies. Practicing CSR also helps the company earn a reputation of a good corporate citizen that increases brand awareness and attractiveness and companies also do some cost saving in terms of escaping expensive fines and court
Chipotle is an example of social responsibility as is Dove. Social sustainability aims to improve the daily life for the greatest number of people, much like Dove with their “Real Beauty” campaign. A corporation’s core values is also a relevant topic to sustainability: “values are ideas that a person or a group believes to be right or wrong, good or bad, attractive or undesirable” (McKee, 30). Companies that decide to act responsibly are also more likely to attract consumers since they know the business is doing something positive for the greater good. These values stem into “a company’s beliefs, values, and practices about how employees, customers, and the environment are
In the recent business world, various strategies re being employed by companies with various aims including that of increasing its competitiveness, increasing the profits as well as increasing its working environment among others. Most companies have engaged in the employment of corporate social responsibility (CSR) as a strategy of increasing their benefits which in return are expected to give the company using it a competitive advantage. Corporate social responsibility is a business practice that comprises of initiatives aimed at benefiting the society and can include various tactics including those of implementing business operations that are greener as well as giving away a portion of the proceedings held by a company to charity. This social
Business world on the other hand, should do their job by complying with the regulations and operating profitably at the same time. However in my opinion, I do think that companies have a responsibility to pursue social good. Business corporations are the one and only biggest organization and also the most powerful entity to be able to influence and offer social good towards the society. Paul Hawken in the article “The Ecology of Commerce” stated that “Business is to increase the well-being of humankind through service, creative invention, and ethical action.” Since business is created to satisfy the needs that the society requires, it is understandable for business to satisfy the sustainable wants by the people. This is also supported by John Mackey, founder and CEO of Whole Foods, stating that “In the customer-centered business, customer happiness is an end in itself, and will be pursued with greater interest, passion, and empathy than the profit-centered business is capable of (2005).” Businesses perspectives are also changing greatly, where Aneel Karnani describes “Large companies now routinely claim that they aren't in business just for the profits, that they're also intent on serving some larger social purpose