Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Impact of ethics on business performance
Impact of ethics on business performance
Impact of ethics on business performance
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Impact of ethics on business performance
Bridgestone Corporation is a multinational company that specializes in auto and truck parts. Founded in 1931 by Shojiro Ishibashi in Japan, their mission is to serve society with superior quality. They hope to offer the best to their customers, not only with products and services, but also in all of their corporate activities. Their mission, the Bridgestone Essence, is built on the foundation of the following four pillars: integrity and teamwork, creative pioneering, decision-making based on verified on-site observations, and decisive action after thorough planning. Each of these pillars are guidelines to help the company strive towards improving the safety and lives of people around the world. Through Bridgestone’s mission statement, the company …show more content…
They work towards implementing greener business practices outlined in their Environmental Mission Statement, to help ensure a healthy environment for current and future generations. Their environmental statement acts as a shared philosophy that all members of the company anywhere in the world can adhere to as they carry on with their daily activities. By specifically highlighting a commitment to improving the environment, Bridgestone anticipates a heightened awareness to achieve a more sustainable society. The environmental mission statement identifies three areas of environmental progress – products and services, operations, and community activities – and two core strategies for growth – Total Environmental Advanced Management System (TEAMS) and environmental communication. By outlining these areas and strategies, Bridgestone is able to focus on three objectives: to value natural resources, to reduce CO2 emissions, and to be in harmony with …show more content…
After the tires are removed, they are usually thrown in landfills. Bridgestone-owned retail stores have been recycling used oil and batteries from automobiles and recovering more than 10 million tires across the nation from landfills. These tires can be reused in rubberized asphalt, construction, tire-derived fuel for energy, and more. Bridgestone’s manufacturing facilities in South Carolina, North Carolina, Tennessee, and their Americas Technical Center in Akron, Ohio achieved zero waste to landfill. In January 2014, Underwriters Laboratories’ (UL) also specifically rewarded the facility in Wilson, North Carolina the claim validation for zero waste to
Supplying eco-friendly products has been on the Walmart agenda since the early 1990s. After a failed first attempt and much criticism, the company decided to try again. In a speech made in October of 2005, CEO of Walmart, H. Lee Scott Jr., declared Walmart would devise a “business sustainable strategy” to reduce the environmental impact the company had. Walmart could not pull this off alone. If they only focused on the confines of themselves, rather than all that they were involved with, it was estimated that they’d only reduce their impact by about 10%. To reach that goal of 100%, Walmart had to involve stakeholders to make networks which achieve sustainability. These networks proved to be vital in not only Walmart’s goal in minimizing its environmental impact, but recovering their reputation, avoiding criticism, saving money, raising awareness, improving customer satisfaction, and creating incentive for other businesses to work towards sustainability.
BHP Billiton commits to customer awareness and outreach through many of its existing programs in hopes to promote sustainable and long-term by decreasing their environmental footprint while building collective stakeholder relationships. The company has committed to its target of being more environmental responsibility and working towards reducing their greenhouse gas emissions by 5% by way of sustainable development. This means pushing forward with extensive innovation through their partnerships with companies like Hatch and any other future
Consumers in today’s market are growing increasingly more aware of the need for companies to be socially responsible in order for consumers to show support through loyal business. Baby Boomers, The Silent Generation, Generation Y and Generation X cultures have embraced the megatrend of environmental and social consciousness of organizations, despite their many different generational characteristics (Kotler & Ketler, 2012). Home Depot has become more than just the orange home improvement store by continuing to effectively integrate multiple marketing strategies into its business plan. Home Depot targets a variety of consumers, helping gain a wide customer base to support the company even through economic swings (Home Depot, 2012). By focusing on all of the macro-environmental factors, Home Depot is now known as a company that helps all Americans create a personal sanctuary in their homes, regardless of their income (Home Depot, 2012).
In recent years many manufacturing companies have exceeded the technology for residential, agriculture, construction, landscaping, forestry and engines, yet John Deere is still one of the best products that people use everyday. Questions come up whether the company’s products are proven, simple, more efficient, and integrated machines that are capable of developing engines. Some of the merchandises are strong-featured to survive the extreme vibration, temperatures, and duty cycles found in off-highway conditions. This paper will demonstrate Economic Environment, Socio-cultural Environment, Global Environment, Competitive Environment, Governmental Environment, and Technological Environment of John Deere Corporation (Leslie, 2014).
Achieving world class business performance is a major challenge in today’s society. Manufacturing companies continue to face increased competition and globalization from its competitors. (1, p. 148). The automotive industry is one of the most volatile manufacturing industries that we have, which was evident in the 2008 – 2010 automotive industry crisis. (2) This global financial downturn served notice to the American automotive manufactures to raise the bar, in order to achieve word class business performance. General Motors, one of the country’s largest automotive manufactures, had to receive a government bailout to survive. During this time many with the corporation asked themselves, if we were a world class business, would we be facing this pending crisis. The answer was a resounding “NO”. General Motors has come out of bankruptcy and is focused on being a world-class business organization.
The declining of Goodyear market share was believed due to the growth of warehouse membership club and the discount tire retail. See Table 2 and 3 below. In addition to that, about 2 million Goodyear tires were replaced by other brands at Sears Auto Centers in the Replacement Tire Market.
The company’s strongest impact and contribution to sustainability lies in the critical parts of their business which leads to the success and diversity of our associates (customers), food safety, health and nutrition, strong supply chain, environmental factors, and community/stakeholder engagement and impact of the people along with the CSR initiatives.
It will be advantageous for the company if they can project themselves as responsible corporate citizen and an environment friendly company. Social enrichment schemes, recycling schemes and educational funds can be initiated to cater to this cause and long term goal.
Societal needs of designing and delivering products and services that can better serve a more sustainable environment.
The primary goal of The Walt Disney Company is to become one of the world’s leading producers and providers of not only entertainment, but also information (The Walt Disney Company, 2014). The company aims to achieve this by utilizing its immense brand portfolio so as to differentiate services, content, and consumer products. While this is the overall goal, there exist other innate milestones that essentially touch on socially responsible business in enhancing sustainability. They include, but are not limited to; zero net greenhouse gas emissions, whereby the company aims to have reduced net greenhouse gas emissions by 50% by 2020; zero waste, whereby Walt Disney hopes to achieve a 60% reduction in waste from
At the place of work only the company’s goal for the safety is maintained with zero harm and it is all recognized that healthy and the productive employees are very essential for the business success (Howell, 2000). Rio Tinto believes that respect is the central to the harmonious workplace where the rights of the employees are taken care and also where their dignity is also affirmed without any discrimination. The company may develop the fixed guidelines and many kinds of policies which is related to the safety, occupational, health, and their human rights. Due to the competing for the resources, with less or more cost pressure and advocating for corporate social responsibility in the industry, Rio Tinto completely decided the best solution for it is that to move from incremental step change for innovation into process improvement. MOF program is the mining system which may carry out the task automatically (Lynas et al., 2011 as cited in Fisher & Schnittger, 2012, p. 30).
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
In recent years, business or green business was no longer an option to become an obligation. Companies started to change their mindset and values to develop new environmental proposals, for example launching second ecological lines.
The quality of a company’s relationships and engagement will directly or indirectly “affect what happens to employees, workers in the value chain, customers and local communities” (Wynhoven). This definition focuses on the importance of sustainable relationships. It focuses on the social aspect, which can be helpful in determining what social sustainability looks like. The UN definition makes it clear that it is important to manage the corporation’s impact proactively so that employees, customers, and local communities all benefit from a corporation’s presence. BMW is an excellent example of a corporation that focuses on social sustainability.
The global company Mercedes-Benz is considered one of the most successful and well-known automotive companies worldwide. Since 1886, the company’s founders Gottlieb Daimler and Carl Benz made history with the invention of the automobile, including the Daimler Group, which is one the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles globally (Daimler, 2013). Their main focus is innovation, safety, technology, style, brand image, expansion, and superior automobiles by offering the best of the best to consumers worldwide. The brand’s philosophy is to continuously create radically new products to advance the cause of human mobility. It is also the number one luxury brand in the United States and Germany while continuously expanding in China and Russia as well (Interbrand, 2013). Mercedes-Benz has a great selection on divisions such as cars, trucks, vans, buses, and financial services offered to any consumer or business. Their global reach has increased tremendously by including production facilities in 17 countries on five continents and having 93 locations worldwide. As a pioneer of automotive engineering, their strategy is to continue the same pioneer role with the ongoing development of mobility, especially in the areas of safety and sustainability (Daimler, 2013). It is very essential for the company to focus on consumers’ needs and their highly well known brand in a competitive global economy. That is why the company Mercedes-Benz releases a brand new model every year to stay on top of its competitors by improving previous models. Some strategies practiced are global marketing, global product development, global product pricing, global advertising, global distribution, an...