In this business report I will be focusing on the corporate social responsibility of both Shoprite checkers and Pic n pay. The articles chosen give a clear incite on the effects that the companies hold in our communities. The report will provide a detailed summary of each summary, a discussion on why the specific topic was chosen. A critical analysis of each article with the link between each article and what I (matric student) will be studying this year and a reflection of the task will give a clear example to future students and how to approach the task and better equip for the project. 1) Detailed summary A) Article 1: Shoprite article Shoprite has many was outreach programs and one of these programs is thesoup kitchen which provides soup and bread every month. There mobile soup kitchens allow the company to reach many poor places in the country and provide them with food. Shoprite mainly focuses on meeting the needs of children elderly people and families who are suffering from job loss. When there have been unexpected circumstances such as fires in a low income area Shopritedeploy their mobile unites and help add relief in these areas. Shoprite uses their resources the best they can to help uplift communities. Some of Shoprite’s partners are Albany, Toyota, Volkswagen, Royco and Mercedes. B) Article 2: Pic n pay CSI Two sisters who are physically disabled have come together in partnership with a pic n pay representative to spread hope amongst disabled people. Butterfly kids is an organisation that employees disabled people to work and create jewellery and key rings. Butterfly kids has made people aware of other peoples situations and the difficult situations they are in. butterfly kids helps people restore their dignity ... ... middle of paper ... ... fortunate market where pick n pay caters to more the middle class market. The products that are sold at the two companies are different as they need to cater for their target market. Textbook – a dualistic economy with a large portion of the population still living in third world circumstances and a culture of crime and violence tend stop produce future generations who are involved in this This is a big problem as its target market may be one of the factors preventing the business from growing as it has to take into account their customers may be stealing their products to help them reach their basic needs. Textbook – JSE has made it compulsory for all listed companies to comply with the king code That means the company has certain laws that both Shoprite and pick n pay has to adhere to. This protects the customers the other people involved in the business
In a market that is so dependent on nature and agriculture, it is reassuring to see a company that values the recompensing of materials back to the natural world. In order for Publix to remain successful, the company must carry the momentum that founder George “Mr.George” Jenkins originally started in 1930. The morals and philosophies that lie at the center of Publix Super Markets are integral to their success. Mr. George believed that customers and employees should be treated like family, and if their business model continues to accurately portray their core values, then they will continue to be successful. The question that looms over Publix is not “What can we change?” it is “What can we elaborate on?” Publix needs to use their positive image to expand into other communities. Publix is well-received in the public eye to the point that they are considered beneficial to a community. A marketing campaign that focused on bringing positive change to a struggling community through Publix and their charitable campaigns would create a want/need for the super market in new, untapped territory. Publix is lesser known in the Northern regions of the U.S., a nationwide marketing campaign would result in well-received
...nd Services Act 1973 (TAS), Fair Trading Act 1999 (VIC), Fair Trading Act 1987 (NSW), Fair Trading Act 1989 (Qld), Fair Trading Act 1987 (SA), Consumer Transactions Act 1972 (SA), Manufacturer’s Warranty Act 1974, Fair Trading Act 1987 (WA), Consumer Affairs Act 1971 (WA), Door to Door Trading Act 1987 (WA), Consumer is
The company partnered up with different companies in order to implement their products in the store and purchased more locations.
Deriving most of their customer basis from Low, Middle and fixed income earners. With under-serviced rural and urban neighbourhoods being the bench mark of their locations.
Introduction The purpose of this report is to undertake financial analysis of the position of the three major supermarket chains (Tesco plc, Morrison plc and Sainsbury plc) in the UK, using the financial tools such as Horizontal and Vertical Analysis and Ratio Analysis. The calculations done are considering the figures from the income statement and balance sheet of these three companies for the last 2 years (2008 & 2007). Doing these calculations is an effort to find out the current position and if any forecast on their performance. Tesco Plc *Interpreting the Horizontal and Vertical *Analysis The balance sheet’s horizontal analysis reveals the first worrying statistics about the company- the fact that stock level has increased by 25.84% in the year, even though net assets have increased by only 12.59%. The vertical analysis of the balance sheet again highlights the increase in amount of stock held by the company at the end of 2008 and increase in current assets. Interpreting the Ratio Analysis By looking at the ROCE* ratio it is clear that the business has not generated any higher return in the period 2007-2008. Though there is a marginal decrease in the returns (0.14% from 0.16%), however when compared with returns of other competitors Tesco plc has performed much better. Drop in asset utilisation ratio in the year 2008 indicates that the company did not use its assets efficiently to generate sales. As a result profit margin dropped down to 5.91% in 2008 from 6.21% in the year 2007. The Acid test ratio also doesn’t meet the ‘ideal’ ratio of 1:1. In other words Tesco had only 38p of quickly realisable assets to meet each £1 of current liabilities. Stock turn shows the effect of increased stock at the end of 2008 as it s...
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...
Customer loyalty is another competitive advantage. Trader Joe’s doesn’t provide membership card to the customer, however customer still would like to choose Trader Joe’s just because of this
traded company. This makes the employees at Publix want to make their store successful as they
The corporate social responsibility is a commitment by a business to contribute to economic development while improving the quality of life for employees and their families’ as-well as contributing to the society. Walmart is a well-known company that offers customers the items they want and need at a low cost, with nearly 4,000 stores in the United States. According to the Fortune 500, Walmart was ranked number 1 in 2015. Just like any other superstore Walmart needs to continue the use of social responsibility by recreating a relationship between business and the community especially if they want to dominate the competition in 2016. The use of sustainability, strategic philanthropy, causing market, shared values, stakeholders and global perspective will help readers understand the purpose of social responsibilities in the corporate world.
This essay will discuss how poverty in India sees children turn to crime to sustain a living. This can be seen in "Slumdog Millionaire" through the character of Jamal Malik, Salim Malik and others. In the movie it shows how a young individual, Jamal Malik from slums gets into a Indian version of a game show called "who wants to be a millionaire." At the start of the movie Jamal is being tortured by local police because they believe he has cheated in the show, due to his past struggles , his status as a slumdog and lack of knowledge. According to them it is impossible for someone like him to know the answers that even the smartest individuals have not been able to answer. As he tells the police officer his story which reveals the truth behind his ability to answer the questions, he is than released from the prison and goes on the show to answer the remaining one question which he gets correct to win the grand prize. Salim Malik is not like his younger brother Jamal, after death of their mother Salim was leader of the family. Salim got himself in crime world and started working with gangsters for whom he was willing to do anything he was told to gain a respectful status he wanted. Labelling very well defines how the people with better status see the individuals from slums who are looked upon as they do not even exist. They are denied job or paid very less for the work they do, which causes them to do illegal work which earns them a lot of money but also putting their lives in jeopardy. Inequality also plays a major part with families in slums because of religion or cast they belong to. In many countries like India religion separates many people such as Muslims and Hindus who have a very bitter and forever going hatred amongst each ...
The aim of this report is to apply the theoretical and practical ideas of corporate reputation and corporate social responsibility presented in this course to the organizations in the same industry.
Reed, B. (2011). The Business of Social Responsibility. Retrieved from Dollars and Sense Real World Economics: http://www.dollarsandsense.org/archives/1998/0598reed.html
This project is about the sustainability of Pick n Pay and how they help the community to be sustainable. In this project Corporate Social responsibility will be discussed and analyzed. This project discusses how CSR helps the community and why CSR is needed, but also why CSR is good and why it isn’t for some businesses.
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...