Organization and Management Essays Essay 2: Social Responsibility The many benefits of social responsibility to an enterprise include the ability to transform their diverse processes and systems so they deliver the greatest value to the environment while reducing costs and emissions, in addition to streamlining new product development and introduction strategies. An added benefit of pursuing social responsibility is the ability to unify the entire value chain of an enterprise to the goals of reducing carbon footprint, increasing efficiencies that also reduce the impact of production and service operations on the environment, while also increasing supply chain compliance to government requirements (Schnietz, Epstein, 2005). There are also the many benefits to reverse logistics operations and the dramatic reduction in supply chain costs over the long-term (Bartol, Tein, Matthews , Sharma & Scott-Ladd, 2010). When all the benefits of social responsibility are taken together, it is common to see entire comp[anise changed in the process, as Hewlett-Packard has been able to achieve for example with their many sustainability and Design for Environment (DfE) initiatives (Foote, Gaffney, Evans, 2010). HP has struggled in strategic decision-making yet their greatest accomplishments this century continue to be in their sustainability, DfE and corporate social responsibility programs that include funding for local start-ups throughout the Bay Area to benefit from their expertise and
Social responsibility makes a company more competitive and reduces the risk of sudden damage to the company’s reputation and sales.
Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of
To organize and prioritize the current and future projects in the pipeline in a way that fits into the PMB budget of $5B, and ensures projects that increase sales, growth, and stockholder value are of top priority, whereas projects that are not beneficial are either put on hold or discarded.
or so many years our society has been thinking of forming new creative and innovative businesses, which would be more environmental and customer friendly. Nowadays a large number of different companies follow the social, ethical, as well as moral consequences when it comes to their decision making. One of the relatively new concepts involving economic and social concerns is Corporate Social Responsibility. Many of us apply this approach not only at work, but also in everyday life without even recognizing.
Preston (2001) cited early on of HP’s recognition of the need to combine environmental sustainable practices into its core business strategy and its commitment to becoming an ecological leader in the 21st century. The company’s leading sustainable efforts are illustrated through its installation of an EcoPOD next-generation data centre in Georgia, USA earlier this year which is ‘currently the most efficient data centre in existence and can decrease energy consumption by 95% in contrast to traditional services’ (Interbrand, 2012). Furthermore, according to the Hewlett Packard company website, the enterprise has also delivered on its environmental goals which included reducing the energy use of HP products and associated greenhouse gas emissions to 40% below 2005 levels by the end of 2011- the company reduced it to 50% and accomplished it nine months
With numerous rewards and recognition under its label, it is now one of the most chosen CRM option in cloud computing. All the initiatives undertaken by it are sustainable, so the impact is hugely reduced on the planet as a whole.
Companies today are heavily influenced by the demands of customers and stakeholders. Corporate social responsibility (CSR) refers to the social and environmental responsibility policies and practices developed by an organization to increase its positive influence and reduce its negative activity towards society (Parks, 2008). The business approach and corporate philosophy of an organization is easily altered due to economic pressures, technological improvement and stakeholder needs and demands. "Going green" or being eco-friendly is one such demand. Environmental and sustainability concerns originate most often from governments, consumer activists, and the general public (Schlosser, 2008). Thus, organizations must implement sustainability into daily practices. In addition, sustainability alters the nature of competition and drives companies to think differently about products, processes, and technologies (Parks, 2008).
For CVS’s legal concern, not only do they have to follow federal and state guideline for employees, they have to follow federal guidelines for pharmaceuticals, legal requirements for their nurses, doctors and pharmacist. In addition CVS is expanding into global markets, and that opens them up to foreign legal requirements. Socially, CVS Caremark has a long-standing track record of sound corporate governance and stands firmly committed to acting with integrity and holding
The world of business has undergone radical and dramatic changes in the last decade changes that present extraordinary challenges for the contemporary manager. A manager is an organizational member who is responsible for planning, organizing, leading, and controlling the activities of the organization so that the goals can be achieved. According to a widely referenced study by Henry Mintzberg, managers serve three primary roles: interpersonal, informational, and decision-making. Management is process of administrating and coordinating resources effectively and efficiently in an effort to achieve the goals of the organization.
Successful organizations have strong leaders and managers that develop, support and encourage employee longevity within a company. There is a significant difference between leadership and management however both skills have to be used collectively and both are important to a profitable organization. Leadership is a notion of communicating an organization’s vision, whereas management is more of the implementation of the organization’s vision. The manager typically carries out the responsibilities written by the organization and has a good team underneath them to carry out the duties and meet the goals. Most companies have a mission statement that mirrors and supports a company’s vision. When referring leadership and management, the two
Purchasing: Corporate social obligation fortifies retailers business with connections to the group, ecological manageability, supplier differences and handicap consideration. There more corporate social obligation (CSR) than setting objectives for reusing, vitality lessening and different measures of supportability. Shouldn 't something be said about supporting your image? Shouldn 't something be said about obligation to the workforce, your accomplices and your group? At the point when the supportability insurgency came to fruition in the early piece of the most recent decade, for some dissemination focuses and distribution centers center was on the best way to be green without costing a great deal of cash. Reusing arrangements were actualized to legitimately discard waste, lights were changed to vitality effective LEDs and office designs were adjusted to decrease travel times for battery fueled forklifts '. For some organizations, driving environment activities had direct effect on their ROI (degree of profitability). Throughout the years
Hogan, M. (2014, June 16). 6 qualities of bad managers that send employees running. Retrieved from http://www.ragan.com/Main/Articles/6_qualities_of_bad_managers_that_send_employees_ru_48433.aspx
Suzy started the joy of chocolate with the main goal of surviving. Her consumer goals were to create gourmet chocolates to a very high standard, attention to detail and offering a unique product is a very important to Suzy as well as specialist chocolates for customer’s requirements.
The realm of Corporate Social Responsibility (CSR) is to increase business profitability and opportunities by making improvements in terms of operational effectiveness throughout the value chain (Rangan, Chase & Karim, 2012). This increasingly popular CSR among corporate and academic leaders is synonymous to the “shared value” framework, whereby organizations seek to co-create economic and social value. According to Ridurnolu, Prhalad and Rangaswami (2009), corporations from the United States recognize the business value of revolutionizing new manufacturing and technology that cut operating costs while minimizing impacts on the environment. This CSR domain focuses on operational efficiency and also building revenue, with the initiative to be determined by the ability to improve the corporate bottom line while at the same time returning social value. To achieve that, the strategy is to reengineer a corporation’s entire value chain, which stems from natural resource extraction and sourcing to manufacturing, shipping and product delivering.
1. How does ALDI’S strategy lead to competitive advantage? How does the company achieve this strategy?