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Why corporate social responsibility is important
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T.J. Maxx Corporate Social Responsibility The company I chose to explore is TJ Maxx. I choose TJ Maxx because they are one of my favorite stores where I can find brand name products at an affordable price. The TJX Companies, Inc. have been in the business industry for 36 years. TJ Maxx started in 1919 when Brothers Max and Morris Feldberg founded New England Trading Company in Boston, Massachusetts and opened the first retail store in 1929, dedicated to selling women hosiery. Two decades later, that one store grown into a whole chain of women's apparel stores that overextended from New England to Washington D.C. In the mid 70’s T.J. Maxx was born and grew into what is known today as the TJX Companies, Inc., which is the leading off-price retailer of apparel and home fashions in the United States and worldwide. 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... ... middle of paper ... ...te Citizenship. (2011). Csri report 2011. Retrieved from http://www.bcccc.net/pdf/CSRIReport2011.pdf Carroll, A. B. (1979). A three-dimensional conceptual model of corporate performance. The Academy of Management Review, 4(4), 497-505. Retrieved from http://www.jstor.org/stable/257850 Ellis, Jessica, and Bronwyn Harris. "What Are the Advantages of Corporate Social Responsibility?" WiseGeek. Conjecture, 19 Dec. 2013. Web. 02 Jan. 2014. Thorne, Heidi. "Corporate Social Responsibility Advantages." Corporate Social Responsibility Advantages. HubPages, 09 Sept. 2013. Web. 02 Jan. 2014. TJX Companies. "Always About TJX V.A.L.U.E." Always About TJX V.A.L.U.E. TJX Companies, 2013. Web. 02 Jan. 2014. "The Importance of Cause Related MarketingA Cadbury Schweppes Case Study." What Is Cause Related Marketing. The Times 100 Business Case Studies, 2013. Web. 02 Jan. 2014.