Volkswagen's Corporate Social Responsibility

There’s a partially alarming and partially encouraging trend rising with pollution in giant metropolitan areas. associate degree increasing variety of major cities area unit reaching dangerous levels of health-threatening pollution, that is clearly the scary part, however there’s additionally associate degree increasing variety of municipal governments taking bit by bit a lot of forceful approaches to deal with those problems, and a giant a part of that's the move to EVs. Several major cities, like Paris, have resolved to limit the amount of vehicles on the road on any given day by solely permitting cars with odd-numbered registrations plates someday and even-numbered consequent. They're additionally creating transport free throughout those

In this paper, I am going to discuss and explain my opinions on why company Q is or is not socially responsible. Company Q recently closed a couple of stores in high crime areas. Company Q also started offering very limited health conscious and organic products. The local food bank has contacted Company Q requesting day old food for donations. Company Q has declined the donation request due to possible fraud by its employees and has started throwing the food away.

By analyzing the code of ethics, and how the company incorporates that in their company’s social responsibility, we can understand that social responsibility has long been at the heart of Volkswagen’s corporate culture. One of the two core elements in Volkswagen responsibility to the society is the ability to serve the community in a long run. Besides that, Volkswagen commitment to the corporate social responsibility is not superficial or made up. It works to create sustainable structural development for both economic and social stimulus as well as the opportunity for stakeholders.

Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2015).Business ethics: Ethical decision making & cases (10th

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. (UNIDO, n.d.)

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.

Core values of a person are characteristics that define that person. Everyone should know obviously what are our core values and why they have it. The values of a person are shaped throughout his life and suffer external influences from family, friends, instructors and the society in which that individual grow. As Gandhi once stated: “Your beliefs become your actions, your actions become your habits, your habits become your values, your values become your destiny.”

“Ethics”, in an organizational context, comprises a set of behavioral standards, expressed as norms, principles, procedural guides, or rules of behavior, defining what is appropriate (right) and inappropriate(wrong). Grounded in a system of values and moral principles, these behavioral

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. (UNIDO, n.d.)

The Strategy for VW it is focusing on positioning the Volkswagen Group as a global economic and environmental leader among automobile manufacturers. To achieve the goals the company has defined the most important objectives that it needs to meet to be the most competitive car manufacturer in the world and the goal is to make Volkswagen the most successful, fascinating and sustainable automaker in the world.

Whitbread is a multinational hospitality company that operates hotels, coffee shops and restaurants with 45,000 employees which bases its headquarter in Dunstable, United Kingdom (B.co.uk, 2015). Whitbread owns the biggest hotel chain, Premier Inn and coffee shop chain, Costa in the UK as well as internationally in other 30 countries(Whitbread.co.uk, 2015). Moreover, they also operate family-friendly restaurants; Beefeater grill, Brewers Fayre and Table Table.

Business ethics refers to what is right and wrong, good and bad, harmful and beneficial regarding decisions and actions in organizational transactions (Weiss, 2009).

Ethics hotlines give employees access to an impartial third-party professional organization whose representatives are trained to handle complaints expediently, thoroughly and with sensitivity. Through the use of a Case Management System, employers have the ability to effectively manage hotline complaints and enhance internal controls. Companies who are currently satisfied with their level of ethical behavior may be experiencing a false sense of security. As economic conditions improve over time, attention to ethics in the workplace tends to diminish, which can open the door for unethical practices to commence unless a proactive approach is taken. In summary, companies that are truly committed to best practices, or “management practices and work processes that lead to world-class, superior performance,” must not underestimate the importance of ethics in the workplace. Implementing a third-party ethics hotline is one way a company can demonstrate its commitment to ethical behavior.

Trying to ignore the social responsibilities might stain an organization’s image and reputation. Thus, performing social responsibility is not simply a choice; it is a need of any corporation. In the twenty-first century, businesses are in the bottlenecks where globalization, science and technology advancement and integrated knowledge are taking place in today’s society (Chan, n.d.). To gain a foothold in this economy, image and reputation play an important role to differentiate a company from one another. With good reputation, it helps firms to create competitive advantage in the business environment. Thus, instead of focus on short-term profit maximizing or costs saving, firms should be stakeholder-oriented. A firm which is stakeholder-oriented focuses on the need of their stakeholder such as employees, customers, society and others who have a direct economic link to the firm (Habil, n.d.). Businesses that are socially responsible will avoid actions that may cause detrimental to stakeholders. They have greater concern on stakeholder well –being. A firm that decided to ignore the social issues may results in a loss of strategic opportunities ('Shareholder value or social responsiblity?', 2007). Involved in CSR activities are proven to create good image and reputation for a company. In the long run, it helps a company to increase shareholders’ value and achieve sustainable business

Unethical behavior can tarnish a company’s image and reputation. If a company is unethical, they may have to spend additional money to improve their public image, as well as gain back as many customers as possible.