What Are Target's Corporate Social Responsibility?

Since 1998, Bank of America has become one of the most successful financial institutions in the industry. With the mission to “make financial lives better, through the power of every connection”, Bank of America has operated its business align with its purpose. While assisting its clients understand their money, the company also put on a lot of effort on helping the communities by executing Corporate Social Responsibility (CSR). It is undeniable that the company has successfully addressed many critical problems in the environmental, social and economics arenas, as it continually receive awards and recognitions for its CSR efforts.

Target Corporation’s mission statement is to make their company the most sought after shopping destination by delivering a great guest experience with the most innovated technologies and quality merchandise. Target is the second largest general merchandise retailer in America. Target was founded by George Draper Dayton, in 1902, with the name Goodfellow Dry Goods. In 1903, Mr. Dayton changed the name to The Dayton Compay. Furthermore, the first Target store opened in 1962 in the Minneapolis, Minnesota which became the main headquarters. It grew to be the largest division of the Dayton-Hudson Corporation and was subsequently renamed the Target Corporation in 2000. Target anticipates staying ahead by challenging the company to be the most efficient and intellectual upscale company in the retail industry (Target Corporation, 2016).

For the rest of the meal I’ll still need tomato sauce, I need spinach leaves, onions, garlic cloves, pecans, and basil leaves. Fortunately the basil and pecan nuts are easier to acquire because I happen to have garden at my house which does produce both of these ingredients. As for the other ingredients, the rest is purchased at the store, the only distinction is a great deal of this is not packaged previously, instead it’s fresh produce so the manufacturing process is not the same. For several years, Kroger has operated with agriculturalists and contractors to transport locally produced merchandises to grocery stores. There are two main farms specifically in Arizona where Kroger does obtain some of their fresh vegetables. These include Rousseau

The Target Corporation’s mission statement is to make their company the most sought after shopping destination by delivering a great guest experience with the most innovated technologies and quality merchandise. Target is the second largest general merchandise retailer in America. Target was founded by George Draper Dayton, in 1902, with the name Goodfellow Dry Goods. In 1903, Mr. Dayton changed the name to The Dayton Compay. Furthermore, the first Target store opened in 1962 in the Minneapolis, Minnesota which became the main headquarters. It grew to be the largest division of the Dayton-Hudson Corporation and was subsequently renamed the Target Corporation in 2000. Target anticipates staying ahead by challenging the company to be the most efficient and intellectual upscale company in the retail industry (Target Corporation, 2016).

Target was founded by George Draper Dayton in 1902. He was born in New York and wanted to explore the markets growing in the Midwest. Because of this, he purchased land in Minneapolis and began Dayton Dry Goods Company, which became what we know today as Target. Dayton’s principals are the foundation for many of Target Corporation’s values to this day. Dayton’s store soon became synonymous with reliability and fair business practices. After Dayton’s death in 1938, he passed his business along to his son, who grew the Dayton Company into a nationwide retailer. In 1911 the company was renamed as The Dayton Company because it better reflected the variety of products and services that the company offers. In 1916 The Dayton Company became a founding

Target is one of the most successful retail stores still standing despite the hostile competition that Walmart and Amazon have created in the affordable market. Target mission statement clearly describes the company objective are to satisfy the needed of their customer by offering exceptional shopping experiences with outstanding value. Through which they also mean, offer quality products for an affordable price.

Social responsibility is an ethical framework which suggests that an organization or individual has an obligation to act for the benefit of society at large. Social responsibility is a duty every organization has to perform so as to maintain a balance between the economy and the environment

Corporate social responsibility (CSR) is a sense of responsibility towards a community and the environment which can include contributing to educational and social programs, saving the environment, and volunteering. Companies in high competition with one another often strive to stand out and benefit their reputation for corporate social responsibility by engaging in cause-related marketing. In 1915, M.B. Skaggs, an ambitious young man in the small Idaho town of American Falls, purchased a tiny grocery store from his father. M.B.'s business strategy, to give his customers value and to expand by keeping a narrow profit margin, proved spectacularly successful. In the 1930s, Safeway introduced produce pricing by the pound, adding “sell by” dates on perishables to assure freshness, nutritional

can be taught by Target leaders, who are expected to volunteer their time and efforts. This is a natural match of want and need between Target and of MPS.

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).

CSR is the concept that businesses should balance profit-making with activities that benefit society, as Bruce Dayton believed “businesses should act in the best interest of society” (Target, 2015). Accordingly, Target’s commitment is to design tomorrow’s Target through our value chain, building community and creating a great workplace. As such, its 5 core beliefs: innovation, leadership, growth, inclusivity, and community influence its ongoing commitment to CSR. Furthermore, they achieve this by concentrating on:

Good CSR means to me that a company is investing time and efforts in having a small carbon impact. A company with a good philanthropy is also an example of good CSR because community programs benefit from resources many large companies have. A good example of a company that practices good form of CSR is Ben and Jerry’s who uses only fair traded ingredients in their ice creams. A company with bad CSR is Walmart who has been accused of discrimination, environmental crimes among others. Walmart has a theory called the “Walmart phenomenon” where a new Walmart can virtually wipe out most mom and pop stores in a city.

Companies that invest in corporate social responsibility initiatives are increase their profits. On the other hand, companies that think of ethics as cost are in danger of not surviving long term. Successful companies incorporate code of ethics and provide ethics training. In addition, they create an open atmosphere, perform internal audits, preserver industry integrity, and instill accountability for decisions. Your example regarding Whole Foods Market would be social responsibility initiative that supports healthy eating and provide support for local farms. This initiative will increase profits by investing and giving back to communities where stores are located. A good rule of thumb is that social responsibility impacts all stakeholders.

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.

Corporate Social Responsibility (CSR) is the intention of the companies to do the right things and act in certain ways that are good for the company, society and environment. CSR was accelerated in 1970 (Archie B, 2006) and took into account since there was a concern between the increased population and scarce resources. It was established in order to ensure that the global development is sustainable. There are three fundamental aspects of sustainability, economic progress, communities’ relationships and environmental protection. This essay will report the managerial skills, leadership style and management practises in leading and managing an organisation to promote better and greener environment. Considerable research has been undertaken on Toyota Motors Corporation.