Question 1
Corporate Social Responsibility (CSR) refers to company's effects on the environment and impact on social welfare. Companies express this citizenship through their waste and pollution reduction processes, by contributing educational and social programs, and by earning adequate returns on the employed resources. CSR is also considered as a strategy to create, develop and sustain positive company reputation and brand images.
BreadTalk whose has outlets in China, had practiced in CSR programme during one of the world’s most horrifying disasters – the Sichuan earthquake. It happened on 12th May 2008. BreadTalk specially created Peace Panda, a Panda Bear shaped bun with four different expressions symbolising the terror of the 7.8 magnitude earthquake as a support to help to raised fund for the victims cause by the disaster. They contributed 100% of the proceeds from sale of “Peace Panda” to the Chinese Embassy and Red Cross Society’s ‘China Earthquake Appeal Fund’.
This programme demonstrated their innovation and creativity in making use of their products and knowledge as a tool to raise fund for the victims. It indirectly increases the company media coverage and might also create a deep impression in the hearts of the consumer as it shows humanity and compassion. With the promotion and advertisement of the “Peace Panda”, it also helps to boost the sales too.
In conclusion, CSR involvements increase the positive image of an organisation, improving in its financial performance, employee commitment and also establish a better relationship with the government and local communities.
Question 2
Understanding of cultural differences is important to Business Managers when it comes to international business. With the unders...
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...choice to lower level employees (Peter and John 2004). Informal and direct communications are often displayed in their culture and employees are distinctively more independent and show more initiatives. Meritocracy is also incorporated into their system that determines salary increment and promotion of the employees.
The differences between the Asian and Anglo cultures are tremendous and the influence of national culture on individual behaviour is well established. As such, BreadTalk’s will have to formulate a new business model for their plans in Australia that targets specifically at the Anglo culture market. Alternatively, they can build on the success franchise model in Middle East which needs not to reinvent the wheel and could successfully expand brand awareness, business market share and yield better profit at lower risk, with no capex and setting up cost.
In-N-Out Burger has repelled from franchising its operations or going public; one reason is the prospect of quality or customer consistency being compromised by extremely rapid business growth (In-n-out.com, 2012). As the company grows in-n-out wants to introduce itself in to the global market, specifically in the U.A.E. The international transition of this business is more than just costs and procedures. It's more traditional acclimatisation than calculative understanding. It's about making sure the product fits the predispositions and characteristics of the UAE; finding a way to culturalise the business in order to acquire the same results the business has achieved domestically.
As mentioned in the case study, Panera Bread Company is known to be one of the leading bakery/café that offers freshly baked pastries and French inspired entrées across various states in the US. However in the recent years, Panera Bread faced a decrease in their usual high growth rate from 9.1% and 12.0% in the year 2000 to merely 0.2% and 0.5% of comparable sales and annualized unit volumes respectively.
Corporate social responsibilities (CSR) have a different meaning in different company but in my view CSR is the concept which is the ability one of the companies can do for society. As the company responsibilities toward the society and environment in the way operate their business. CSR is about how companies manage the business processes to produce an overall positive impact on society. CSR also known as a “corporate citizenship” and with do that CSR is not provide an immediate financial benefit to the company but promote positive social and environmental change. (www.investopedia.com/terms/c/corp-social-responsibility). CSR is a high profile nation which the business world perceives as a strategic (Economist, 2008; Porter & Kramer, 2006)
...e for a new café and lowered costs. Company had a policy to not finance new franchisees and area development payment agreement. The operational model led to minimal long term debt and low capital intensity to expand the brand. All cafes offered an assortment of twenty and above varieties of bread that was baked daily (Gamble, 2008). Every bread and sandwich was regularly reviewed to determine whether the product matched regular customer requirements and seasonal relevance. The complexity of the product line, enabled industry to match menu items with a variety of customer needs.
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
Corporate Social Responsibility (CSR) is the set of regulations that an organization makes to protect and increase the society in which it functions. There are three areas of social responsiblity: Organizational stakeholders, the natural environment and general social welfare.
Blood is a critical component of our body. Without blood our cells would not receive the oxygen that we need in order to survive. It is this blood that is the focus of the visual. Although a very simple image, a viewer can gain a lot of information about the Australian Red Cross’s intentions. The chief argument present by the image is that blood donations are needed and a person donating blood is more valuable than a person donating money. The image is structured in such a way that it is able to convince viewers to donate blood. By placing emphasis on certain regions of the image, employing logos, and filling the donation box with blood instead of money the Australian Red Cross is effectively able to persuade its audience that one blood donation can save the lives of many people.
According to Mike Peng, Corporate Social Responsibility (CSR) is the consideration and response to issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with traditional economic gains the firm seeks. CSR is a way in which a company seeks to achieve a balance between profit, environmental concerns and social imperatives. This is known as the ‘Triple-Botto...
Created as a F&b executive in Singapore in 2000 and recorded on the SGX in 2003, Breadtalk® Group Limited has immediately stretched out to transform into an exceptional family check holder that has based its stamp on the world stage with its cake kitchen, restaurant and food chamber foot molded impressions. Its brand portfolio incorporates Breadtalk®, Toast Box, Food Republic, Din Tai Fung, The Icing Room, Ramenplay, Thye Moh Chan and Carl's Jr. in China.
The main challenge is to determine how Panera Bread can continue to achieve high growth rates in the future. Panera Bread is operating in an extremely high competitive restaurant market which forces the company to improve and to grow steadily for staying profitable. The company’s mission statement of putting “a loaf of bread in every arm” is just underlying Panera’s commitment for growing. They are now in a good financial situation and facing growth rates of up to 20% per year in a niche market that has a great growth potential. In the next 7 years the fast-casual market is expected to grow by 500% in sales to a total of $30 billion.
CSR is a concept where company involves in social and environmental in their business operations. This is done to achieve a balance of economic, environmental and social obligations.in simple terms giving a hand for those who are not capable of achieving with their objectives and attending to them so that they could make those objectives a reality. This could improve organizations cooperate image which would also leads to attain a high market share.
Diversification of the American workforce has changed the way managers interact with their employees. This diversification is due, in part to tighter labor markets, increased immigration, and women entering the workforce. Cultural factors, not present before, have caused managers to develop new methods of tasking, motivating, and educating these diverse employees. Essentially these new methods have been a change in interpersonal behavior, or the way a manager acts and re-acts to employees. This change in behavior was necessary to increase productivity and maintain a competitive edge in the marketplace.
Corporate Social Responsibility is all about the effort that a company applies that might be more what is being required by the environmental protection groups. Also, it is a responsibility that a company should take for its effects on the environment and on an impact for a social well-being. Moreover, Corporate Social Responsibility it is all about the ways that the companies manage with the process of their business which gives a positive influence on the society. Generally, the companies have to give an answer for their operation process such as the quality of their company’s management of the people and also, the quantity of the company’s impact in different areas of the society.
Both of these areas are the lifeblood of the company, and any benefit to them should not be overlooked. Before a company can become proficient at corporate social responsibility, they must first know its definition. Corporate social responsibility is defined as actions that can be taken by a company to ensure they are adhering to ethical and social responsibilities of the day. These corporate social actions are self-regulatory, as a company strives to adhere to guidelines while also going above and beyond being a Good Samaritan in the business world (ECA, 2015). This can place certain businesses at the forefront in customers mind because of the example they are setting in the marketplace. A company going above and beyond the call of duty to work towards a more philanthropic approach in the surrounding community is a perfect example for corporate social responsibility. Going deeper into the definition, corporate social responsibility acts like a “double bottom line” for a company, as they strive to achieve financial goals, but also achieve their social mission out in the community. Once a company is aware of what the concept of corporate social responsibility is, they can now implement it and start to reap the many benefits of its
There are several types of entry modes to use for Jollibee. Franchise is the most suitable way to enter the Australian market. Franchise enables to create business opportunities for Australians who want to do business but do not know how to start a business. Franchise is the best option because Jollibee will guide them how to set up their own restaurant and provide training. Griffith University conducted a survey that proven that 90% of the franchisees were operating at profitability (Frazer, Eeaven and Bodey, 2012) and Australians would prefer to buy a franchise license where the risk is lower for them.