Compare and Evaluate:Volkswagen and H&M CSR means company social responsibility and it includes many different aspects. Meanwhile, CSR is a standard to judge a company good or bad. Higher CSR can make the higher economic performance. A company called H&M. H&M is one of famous clothing company in the world and it is also the global fast fashion leader. H&M sales clothing,accessories and cosmetics. It has more than 2500 stores all over the world. Another company is Volkswagen. In 1938, Volkswagen was founded in Wolfsburg.Volkswagen is a car manufacturing company in Germany and it is also one of the four major car manufacturers in the world. People all know these two brands.These two companies are both popular choices in their domain and H&M and …show more content…
H&M and Volkswagen both have advantages and disadvantages in CSR. For environmental aspect, H&M and Volkswagen both have disadvantages. H&M was intentionally faking GM cotton as organic cotton and it was damage the ecological balance. However, H&M still do some positive things to keep environment better. Volkswagen cheat on consumers and government by claiming to have green industry. Nevertheless, Volkswagen joined the Global Compact to protect the environment.In this aspect, H&M is better than Volkswagen. Another aspect is children production, H&M focus on child’s right and Volkswagen pay attention to children’s safety. H&M and its partner UNICFE are support child’s right and education development. Volkswagen donated child safety seats to China and they encouraged their employee help people who need help. These two companies both have advantages in child protection;but H&M have more function of children protection. Therefore, H&M is superior to Volkswagen. After comparing these international companies, H&M probably do better in these fields. Both of them have long way to go and they should pay more attention to
Corporate social responsibility (CSR) is a broad term used to describe a company's efforts to improve society in some way. These efforts can range from donating money to non-profits to implementing environmentally-friendly policies in the workplace. CSR is important for companies, non-profits, and employees alike.
Corporate Social Responsibility (CSR) encourages companies to take interest of all stakeholders into consideration during their decision-making process and not make their choices based solely upon the interest of their shareholders. By bring socially responsible, the company would make choices that protect social welfare which can have an impact on the buying decisions of the customers and building a reputation for the company as to whether the company is trustworthy or ethical.
The failure of CSR in the Volkswagen scandal can be explained partly because the concept is wrongly used by the company that there is no integration between company’s values and its CSR activities. Moreover, the concept itself is flawed because it somewhat contradicts the profit motive which companies inherent seek.
Corporate social responsibility is a common topic in the world. CSR is a business method that promotes sustainable development by providing economic, social and environmental benefits to all stakeholders. ⑵( Andriof
Corporate social responsibility (CSR) is a corporate initiative to assess and take responsibility for the company 's effects on the environment and impact on social welfare. CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.
Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.
Corporate social responsibility (CSR) is the ethical behaviour of a company towards society it operates in. It is a commitment to the concern to the society’s sustainability & development.
Currently, the public right is getting more and more people to recognize in order to create a fair society. Not only the right to have fair trade, but also the opportunity to access the natural environment are the issues that people are care for. Corporate Social Responsibility(CSR) is a fame that encourages the company to consider the environment, financial and social issues into all their work of operations. Pret A Manger and Burgerville are the famous fast food company around the world. They also have high reputation to be excellent CSR company as they have done a lot for our community, environment and their employees, as well as the quality of food. There are some similarity and difference
In business world companies are interested in how to maintain or increase shareholder values and profit. So, in order to give something back to the general public, those companies have to assume their responsibilities by being aware of the effects of their activities in the community and take measures to control them because this can affect the community and the environment by polluting the air, destroying the ecosystem, over using natural resources and so on. CSR is often called corporate citizen which means that companies should be good neighbors of the community not to work against it but collaborate with the citizen or the society in order to increase their welfare, to make a community a better place to live.
Let’s start with a detailed examination of the title itself: Corporate Social Responsibility “CSR”. The name pertains to the responsibility corporations carry towards the society due to their unique position of prominence in the daily lives of common man. Corporations are formed with a feature that characterizes their very foundations which is people’s stake in the performance of the company and, in turn, the effect that the corporations have on these stakeholders. The most significant and major part of these people are the shareholders who have invested their hard-earned money in the corporations of their choice. Besides the obvious monetary and financial returns that the investors expect from these corporations, people want the company that they have invested their money in, to be socially responsible. With increased climate change, global warming and other fatally disastrous effects of pollution and different harmful practices adopted during the manufacturing, packaging or supply of products, the public gives more value to the corporations with a proactive, deeply interested and positive outlook on the matter of their social responsibility. A company seriously concerned for the well-being of the people, the surroundings in the periphery of its impact and the side-effects its pursuit of profit maximization can have on these surroundings and
CSR or ”Corporate Social Responsibility” is a very important keyword for companies these days. Consumers are being more and more aware and conscious about where their clothes come from and how they are made. Consumers also put a lot of thought into where their food comes from, and how it has been produced and treated before it is served at the dinner table. With other words, consumers are demanding better quality and greater responsibility from the companies, than ever before. The consumers of the companies have never demanded as much as they do today from them, and never have companies needed put so much thought in their supply chains and to take this much responsibility for their production and their products. But improving sustainability
CSR Stands for: The Corporate Social Responsibility means that any company has the responsibility toward the community such as any social organization, more you work on CSR the more you will build trust and sustainable relationship with people.
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 (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions, balancing the needs of stakeholder with their need to make profit.
With the spread of social marketing and CSR in the world, organizations tend to not only consider the consumers’ demands and the companies’ profit, but also take the consumers’ and societies’ long-term benefit into account. Hildebrand,D,et,al (2011) demonstrated that the CSR activities can make up the central, special and core characteristics of the company identity, the identification of the corporate can also be aroused due to CSR activities. Moreover, Porter and Kramer (2006) highlighted that CSR can aid companies create the ability to achieve corporate resource so as to build a sustainable and defensible competitive position. So the companies should consciously undertake corporate social responsibility.