Working with Indigenous communities presents numerous opportunities and challenges for businesses as the potential for greater access to resources, both physical and intangible, is to be weighed against the barriers to efficiency that cultural differences create. With reference to the case study “Cameco corporation: Partnering with Aboriginal Communities,” appropriate processes and procedures that U92 Uranium Co. may adopt can be explored in terms of business strategy for involvement with such Indigenous communities.
Cameco Corporation is the world’s largest publicly traded uranium company (World Nuclear Association, 2015), and is based in Saskatoon, Canada. Its growth strategy was carefully founded on local and international joint ventures, focusing on sustainable development and the targeted inclusion of Saskatchewan’s Northern
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Whilst many firms’ Corporate Responsibility efforts prove to be counterproductive, pitting business against society and pressuring companies to think of generic CSR responses, addressing social issues by creating shared value for both society and the firm can ultimately increase profitability and operational sustainability (Kramer, 2006). In the case of Cameco, the corporation’s 5 pillar strategy demonstrates a strategic ethics policy (Moroz et al, 2015), its focus on creating shared-value enhancing the overall effectiveness of business operations in terms of increased worker productivity through improved working and living environments, and increased revenue due to more efficient operations. As measures of stakeholder power, strategic posture, and economic performance are significantly linked to levels of corporate social disclosure (Roberts, 1992), it is evident that adopting wholesome ethical processes in business practices can aid U92 in the achievement of business
Costco Wholesale Corporation was an uncommon type of retailers called wholesale clubs. These clubs differentiated themselves from other retailer by requiring annual membership purchase. Especially in case of Costco, their target market is wealthier clientele of small business owners and middle class shoppers. They are now known as a low cost or discount retailer where they sell products in bulk with limited brands and their own brand. The company is competing with stores like Wal-Mart, SAM’s, BJ’s, and Sears. The case begins with an individual shareholder, Margarita Torres, who first purchased shares in 1997 and who is trying to evaluate the operational performance of the business in order to make a decision rather or not purchase more shares
As a service provider, I ask myself “How can I reduce barriers for Indigenous clients and deliver services following cultural competency/safety/sensitivity?”. By applying “we are all Treaty people” to my work could be a way to equal the power balance between service user and service provider. For instance, Garret said that if he could, he would want to have a one-on-one dialogue with each of us to ask why we want to be social workers. I think this emphasizes how important it is to build a relationship on trust with Indigenous clients. In a past class presentation, I have heard something similar from an Indigenous elder who said asking “Where are you from?” is normal and important to building a relationship especially because of how service providers often ask intrusive
Our textbook defines corporate social responsibility as “a business's concern for the welfare of society” (Nickels, 102) and that it “goes well beyond being ethical. It is based on a commitment to integrity, fairness, and respect” (102). By performing a social audit they can evaluate whether or not their policies and actions are actually providing the support they’re attempting to
Target Corporation is the biggest discount retailing business in the US which comes just after Wal-Mart Stores Inc. The headquarters are located in Minneapolis in Minnesota in the USA. George Dayton founded it. It initially started as a family business with a regional retailer shop and later grew into a national full retailer store. The company’s main aim is to offer retail services at friendly rates and, its main attracting feature is discount rates offed on different products in the business. The company has indicated tremendous growth in the retail business. It has a target to outgrow its market and achieve competitive advantage over its competitors. This essay seeks to discuss the competitive analysis and
Companies that takeover these Indigenous resources cause a lot of turmoil due to their disregard of such sacred group. The Indigenous rely on the surroundings they inherited to be able to live, they “live off of their land.” They view their land as sacred but being stripped off of their rights and the use of their resources is an injustice to their
While going through my academic program, I have learned the importance of organizations having to integrate strategic planning in accordance with ethics and social responsibility practices; it is necessary for an organization’s survival. As such, an organization needs to implement its mission, strategy, and vision while considering the stakeholders and general public. My academic program has brought me to this realization and provided me with a means to effectively associate the implications of an organization’s ethics and social responsibility from a strategic perspective. When integrated effectively, establishing these components within the organization’s strategic plan has the capacity to largely benefit the organization's daily operations, which in turn, affect overall profit.
Corections corporation of America was started in 1980 by Don Hutto, Tom Beasley, and Dr. Robert Crants. They created the first private prison that was able to save the government and tax payer’s money. They did so by industrializing the industry and specializing in the industry. Since 1980 they have become one of the largest prisons in America. CCA define itself as “being the first and leading corrections corporation in America that partners with the government agencies Federal Bureau of Prisons, Immigration & Customs Enforcement, and the Unites States Marshals Service. CCA considers itself an innovative and cost efficient business that provides safe, nurturing, educating, and rehabilitating service facilities. “ (We Are CCA, 2013) CCA aims to be the best corrections company in the United States. I think that CCA mission statement applies for both present and future, they want to be the best and will need to continuously be innovative in order to obtain the results and benefits for all people that are affected. “the company states that it is the fifth-largest corrections organization only outdone by the federal government and three states (Who We Are, 2013). The corporation is proud to be a private corrections company but with close ties to
The frequency of scandals within the business world has given rise to corporate trends and buzzwords such as corporate social responsibility (CSR) and professional responsibility. Peruse any company website to learn about its CSR policies and professional responsibility initiatives as tangible demonstrations of their commitment. Moreover, attention to ethics and code of conduct has also increased. “Questionable business practices obligate leaders to emphasize ethics and develop programs that prevent future misbehavior” (Valentine & Fleischman, 2008, p.657). Implementing said programs strengthens the ethical performance of organizations. According to the Ethics Research Center (ERC), companies with effective
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
According to the annual welfare report of Aboriginal and Torres Strait Islander in 2012, ‘Twelve percent of the Jabiru region population lives in housing that is classified as “improvised accommodation”. This comprises of tents, traditional shelters and sheds’ (Australian Bureau of Statistics Statsite, 2012) which exhibits the poor living conditions that Indigenous people of Jabiru are subjected to due to the lack of monetary backing resultant of low employment rates. Thus, the appeal of employment opportunities provision of a new uranium mine may be perceived by Aboriginals as a pathway to improve their people with low concern as to the magnitude of environmental and social risks that may arise from the occupation. Hence, the operation of uranium mines in Kakadu may also prove to be beneficial in improving the livelihood of people living in the region.
A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed
In 2011 PepsiCo announced the launch of their Social Vending System. This system featured a full touch interactive screen. A consumer can select a beverage and enter the reciepent's name, mobile number, and personalized message and gift it with a video. PepsiCo uses technology to their advantage for global implementation.The company uses media sites in multiple was as advertisement and marketing tools.
Tyco International was founded in 1960 and was regarded as an important electrical and electronic components provider, fire protection system maker and electronic security service provider. It is a diverse producing and serving corporation. Tyco has done business in over 1000 locations in 50 countries and hires 69,000 employees around the world (TYCO, 2012). Tyco International has expanded rapidly and broadly since its IPO in 1973 and has numerous companies among the Fortune 500. The firm’s revenue increased from $3.1 billion in 1992 to over $40 billion in 2004, with the firm’s market value estimated at over $100 billion (TYCO, 2012). Tyco has made numerous acquisitions, including 40 acquisitions since the 1980s.
Cameco Corporation reported its third quarter result on 30th Oct. The result has a lot of positives for the company as the net loss came down to just $ 4 million or $ 0.01 per diluted share from $ 146 million or $ 0.37 per diluted share in the third quarter of 2014. On an adjusted basis, however, the company earned an income of $ 78 million or $ 0.20 per diluted share compared to that of $ 93 million $ 0.23 per diluted share earned last year. The reasons quoted for this decline were lower gross profit from the uranium segment and lower tax recovery. Offsetting the effect of the weakness in uranium were the higher gross margins in the fuel services segment as well as the NUKEM segment.
Now-a-days it is considered that CSR is one of the major concerns of organization’s business ethics. Companies increasingly increase their corporate social responsibility (CSR) and ethical management accepting the positive impact on the bottom line. The vast bulk of Standard & Poor’s 500 companies publish sustainability reports unfolding their program challenges and achievements. These pre-emptive efforts can pr...