Corporate Social Responsibility And The Employee Stakeholder

These expectations relate with Hungry Jack’s main stakeholders. Theory indicates that businesses affect stakeholder groups that also influence business performance in return. As such, it is essential for Hungry Jack’s to maintain and improve its corporate social responsibility strategies for the purpose of optimizing its relations with major stakeholders. By integrating the interests of these stakeholder groups in strategic formulation, Hungry Jacks can expect optimised business opportunities for long-term growth and

Because corporations are established to profit and shareholders invest money with expectations of a greater return, managers cannot be given a directive to be “socially responsible” without providing specific criteria of checks and balances to which needs to adhere. Therefore, it is imperative to the success of a corporation for managers to not act solely but rather to act within the policies of the shareholders.

At least once weekly we step through the golden arches of McDonald’s and into an always-spotless room staffed with uniformed members serving what we deem to be a menu from heaven. Yet how often do we degrade the labourers by the unskilled work they complete, watch them protest a minimum wage and snigger at their pushy questioning of whether we want to up-size with extra fries?

In 1955, the McDonald’s franchise was established by Ray Kroc. Since then, it has been a growing success in the food and drink industry, directly and indirectly employing over 200,000 people throughout Canada. (McDonald’s, 2015, para. 2). McDonald’s is generating nearly $4.5 billion in the local annual Canadian economy, while spending $1.5 billion on annual costs for energy, maintenance, landscaping, operating supplies, wages, and benefits (McDonald’s, 2015, para 9-14). McDonald’s values are clearly explained in the form of a quote, “Our goal is

McDonalds - the 90th largest economy in the world - feeds about 1 percent of the world’s population a day. That’s 68 million people! It hires more than 1 million workers in the US per year and is the world’s largest toy distributer. McDonalds also created the Ronald McDonald House charity, which houses more than 6000 families a year in Australia alone. However, this Illinois-based company is undeniably threatening the ‘global village’. It is doing so in a lot of ways, including the damage it inflicts to the environment, its exploitation of foreign and domestic labour and its negative impacts on traditional cultures. In this seminar, I will be analysing different pictures that support my argument that McDonalds is directly destroying the

In July 2016, one of several lawsuits filed in current years accuse McDonald’s of inequitable pay practices was settled federal class-action status, which is often the only sensible and reasonable way to sue when many citizens are affected. The progress is another step ahead in the fight for fair pay for low-wage employees that started in 2012 with a storm out by fast-food employees in New York City and mushroomed into a national movement. In documenting the alleged violations, the lawsuit goes back to 2010 and asserts that most of the practices carry on today. in the meantime, continuing public force on McDonald’s by the public is

There has been an increased pressure on many companies and managers to acknowledge their responsibility to society, and act in a way which benefits society overall (. The major societal issue threatening food retailers has been environmental issues, a key area for companies to act in a socially responsible way. Hence, by recognizing this trend within the broad ethical stance, Tesco 's corporate social responsibility is concerned with the ways in which an organization exceeds the minimum obligations to stakeholders specified through regulation and corporate governance.

Company X’s attitude towards being socially responsible is being clouded by its desire to maintain high profits. With its current actions, Company X is catering to a select group of its primary stakeholders such as the investors and shareholders. They seem to be forgetting that the customers, employees, and the community are also primary stakeholders. We will look into the scenario and dissect the company’s actions to show how they are alienating the community that will ultimately determine their reputation and profitability.

Corporate Social Responsibility (CSR, also called corporate responsibility, corporate citizenship and responsible business) is a concept whereby organizations consider the interests of society by taking

Corporate social responsibility has been one the key business buzz words of the 21st century. Consumers' discontent with the corporation has forced it to try and rectify its negative image by associating its name with good deeds. Social responsibility has become one of the corporation's most pressing issues, each company striving to outdo the next with its philanthropic image. People feel that the corporation has done great harm to both the environment and to society and that with all of its wealth and power, it should be leading the fight to save the Earth, to combat poverty and illness and etc. "Corporations are now expected to deliver the good, not just the goods; to pursue

McDonald’s Corporation is the world’s leading fast food service retailer with over 36,000 restaurants serving approximately 69 million customers in over 100 countries every day. McDonald’s Corporation view themselves primarily as a franchisor that believes that franchising is important in delivering great customer experiences and driving profitability. As of 2014, more than 80% of McDonald’s restaurants were franchised to independent local franchisees around the world. (AboutMcdonalds.com 2015) In the 1970’s Milton Friedman argued that the only social responsibility of a business is to increase profit and any activity that detracted from this responsibility for profit maximisation was considered to be inefficient. (Hanks 2015) Despite the limitations of compliance costs and stakeholder conflicts, many large corporations today have integrated corporate social responsibility and sustainability into their business practices to assist in the development of overall profit maximization. In this critical essay, it will examine and critique two aspects of McDonald’s performance areas with regards to fulfilling society’s expectations on how the corporation should operate its business. It will focus on the positive and negative aspects of food nutrition-health and employment in McDonald’s. Last but not least, by exploring these performance areas, the impact and implications of McDonald’s actions on society and stakeholders will also discussed.

“Realism or idealism? Corporate social responsibility and the employee stakeholder in the global fast-food industry” is an academic article written by Tony Royle and published in January 2005 by Blackwell Publishing Ltd. Royle is an internationally recognized professor of International and Comparative Employment Relations with expertise in the area of low-paid service sector employment in multinational corporations (www.bradford.ac.uk). The publisher is a trusted global provider of content-enabled solutions to improve outcomes in research, education and professional practice with strengths in every major academic, scientific and professional field (www.wiley.com).

McDonald’s is the world’s largest chain of hamburger fast food restaurants, serving around 68 million customers daily in 119 countries across 35,000 outlets. This company has joined the CSR program and be more socially responsible such as doing charity,promoting healthy eating and improving sporting opportunities in some local school. Some people believe that this attempt is beneficial for such a firm. Therefore, I partly agree with this statement.

In the past, businesses primarily concerned themselves with the economic results of their decisions. Company Q’s attitude toward social responsibility is more in line with the greedy shareholder model than that of the cooperating stakeholder model. The shareholder model ensures that the investors and owners get the lion’s share of the profits, whereas the stakeholder focuses on the feasibility of success to satisfy its stockholders. In this particular situation, the primary stakeholders are namely loyal customers, employees and the local

Carroll’s pyramid model inspired debate between “how people ought to behave and how people are likely to behave” and that “behavior may come to dominate theory by appeal to the desirability of material outcomes” (pg. 235). The historical reflection Windsor provided led him to his thesis of the three emerging alternative or competitors to responsibility. Economic conception of responsibility, emerging alternative #1, links wealth and social welfare. By definition, organizations that do not focus on financial profits are labeled “not-for-profit” organizations. Windsor’s second cited emerging alternatives to responsibility focuses on recent movement involving global corporate citizenship. He explains this alternative as a “marriage” of societal expectations of corporations to their community and management obligations to their firm. “The more powerful and wealth the firm, the greater that firm’s responsibilities to neighbors and the community must be” (pg. 242). Windsor’s third emerging alternative is regarding stakeholder management practices. Management psychologies vary widely amongst theorists yet revolve around prioritization of profits.