Corporate Social Responsibility And Its Impact On The Company's Daily Activities

New Balance is privately owned company, which is the second largest footwear manufacture in the United States and the fourth largest footwear manufacture in the world with annual sales in 2008 of $1.61 billion (Veleva, 2010).

New Balance was founded by William J. Riley in 1906 in the city of Boston. Riley started by making arch supports for customers who had to spend all day on their feet. Over time the building of arch supports led to the creation of his first running shoe in 1925. As part of a local running club, Riley capitalized on an opportunity to improve running shoes of the time and his designs became widely popular. His new running shoes became so popular that by the 1940’s that production spread from running to many other sports. Then the expansion of the manufacturing significantly increased as he realized a need to running shoes with more selection for wider feet, and

New Balance was founded, by William J. Riley, in 1906 as the New Balance Arch Support Company. In 1972, on the day of the Boston Marathon, New Balance was purchased by current Chairman Jim Davis. Davis’ vision of what the company could become and how it could change the industry landscape was very evident. “He

New Balance was founded in Boston in 1906 by William J. Riley. He had begun the company by making arch support to alleviate pain for people who spent all day on their feet. In 1925, Riley created his first running shoe for the Boston Brown Bag Harriers. Then in the 1940s, because of the success of his shoes, New Balance began making custom shoes for running which lead to mass production of his shoes in the 1960s. In 1972, New Balance was purchased by James Davis for $100,000, and James stayed owner with his wife (Veleva 4). Then in 2009, James became chairmen of the company. In 2006, New Balance implemented a lean production system in all domestic operations, which led to

New Balance is a large company specialized in manufacturing footwear products at a global level. The case study reveals that New Balance is currently committed to formulating an integrated Cooperate Social Responsibility (CSR), which will enable it to place itself in a good position in a highly competitive market (Veleva, 2010). In 2009, the company was still struggling to build a CSR, which would create a reputable name for its products in the global market. However, as Veleva (2010) illustrates, the firm faced various challenges such as lack of a CSR department, which would foresee the implementation of an integrated CSR. This calls for the analysis of the various

What stimulated the engagement of NIKE Corporate Social Responsibility? What change did this make in the company’s attitudes and actions?

BusinessDictionary.com (n.d.), defines corporate social responsibility (CSR) as “a company’s sense of responsibility towards the community and environment, both ecological and social, in which it operates” (para. 1). When expressing citizenship, companies can do so through its waste and pollution reduction processes, by contributing to educational and social programs, and by earning adequate returns on the employed resources (BusinessDictionary.com, n.d.). Economic, political, and civil society are three spheres of human civilization that reveal fundamental principles of corporate social responsibility. The economic sphere, which deals with businesses and economy of a society, the political sphere, which deals with government and the laws and rules that mandate and enforces, and the civil society sphere, which builds civility and community (“Corporate Social Responsibility-Module Two Overview: Three Spheres of Human Civilization”, 2014). Cleco exhibits corporate social responsibility using the three spheres of human civilization through stewardship and conservation initiatives, community outreach, and regulatory requirements throughout its service territory, which includes 23 Louisiana parishes.

New Balance is the second largest athletic footwear manufacturer in the U.S. and the fourth largest in the world. The company has had a strong focus on corporate social responsibility (CSR) since its inception 100 years ago, although until recently it has not necessarily been adept at making the public aware of its “doing what’s right” culture (Veleva, 2010).

When looking at a company’s corporate social responsibility (CSR) and the tie in to consumer confidence, the apparel industry illustrates both the best and the worst cases. Today’s consumers are more aware of how multinational corporations are incorporating or failing to incorporate CSR practices throughout the product lifecycle. This awareness has pushed companies in the apparel industry like Nike and Gap to evaluate current practices and incorporate socially responsible and environmentally responsible policies throughout their supply chain.

For the past years, corporate social responsibility also referred, as corporate conscience has been a respected subject for discussion. Corporate social responsibility, unquestionably, contains more viewpoint than simply worried about the ecological impacts of associations. It came in people groups mind at the later 1880, time of essential modern advancement that associations ought to think about the thought of social obligation. Associations that are near to social obligation issues got to be worry about the principled ground of attaining to social commitment. Latter 1880 manifestation of the accountability for society has got soundness however after that period the association started to include in humanitarian force strongly (Adamsson

Hot debates were arose everywhere in the society about the extent of Corporate Social Responsibility (CSR). Mallen Baker (2004) states that CSR is about how companies manage the business processes to produce an overall positive impact on society. Supporters of CSR claim that Businesses and Corporations are not only about making money especially for big business. They should show social responsibility, moral standard and city spirits to the community. They should give something back to the society. Critics argue that Businesses are owned by their shareholders - money spent on CSR by managers is theft of the rightful property of the owners by

Defining corporate social responsibility or CSR can be as simple as a business that practices benefiting society (Caramela, 2016). Good CSR is one that is constructive to the entire business practices with the community. Sony is a Japanese based electronic store that has ventured to other countries worldwide. They create the newest and latest technology to compete with other competitors and to satisfy their consumer’s curiosity. The company’s mission statement declares, “To be a company that inspires and fulfills your curiosity” (Sony, 2017). With this said, Sony has a variety of interactions with the community as a whole. At Sony, they have an entire website devoted to keeping up with their good CSR practices with the

THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON BUSINESS PERFORMANCE – CAN IT BE MEASURED, AND IF SO, HOW?

Before five years, I came across a situation which led me to think about the importance and need of social responsibility by business enterprises. To start off giving a brief background, my brother was a fresh graduate from the school of architecture where he got his first individual contract in India. He had to design a mall that was planned to kick start after a few years. The land where it was being constructed belonged to an old age home. It was a well-known home for old people to spend their remaining years. Being his first project, my brother was really enthusiastic and gave all his hard work. Later, he got to know about the old age home that was present there. He and his team were in a quandary situation of whether or not to appeal to their company’s executive board to discuss this issue. On one hand, they were pressurized by the board to complete the project on time, as millions of equities were at stake. Whereas, on the other hand, they were feeling a sense of immoral behavior on their part. His team came up with a proposal that was designed to support both, the mall and the old age home by retaining a part of this property with the latter. The proposal was rejected, and my brother and his team withdrew from that project. This experience was narrated to me by my brother, which drew me towards the need of the business houses to be sensitive towards the society. Therefore,

Corporate social responsibility is paramount in any organization. It involves the need for a corporate organization to go beyond what may be required by regulators or environmental protection groups and manage the business processes to produce an overall positive impact on society. Corporate take it upon themselves and come up with an initiative to assess and take responsibility for the company's effects on the environment and impact on social welfare. This may involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promotes positive social and environmental change (Crowther & Aras 2008). Our founder Bill Gates has set an exemplary model through the creation of Bill Gates & Melinda Foundation that has lifted the lives of many poverty stricken people throughout the world. It is in line with this noble initiative by our founder that we are working to uphold the precedents set by our founder that we are setting out to launch the proposed (CRS) dubbed “The Green Hills Initiative”.