Compare And Contrast Sanofi And Tyson

With increased media presence and the constant changes in technology, the eye of the public scrutinizes businesses now more than ever before. Everyone has access to all aspects of a business at the touch of a button. Nothing can be hidden from consumers anymore. With a company’s search for profit, they must strive to create a positive image in the public and remain conscious of their reputation. This is largely where corporate social responsibility plays a role. They need to balance their desire to make a profit with helping the community and the environment. Two companies, Sanofi and Tyson, have created a balance that works for each organization. Their respective understandings of corporate social responsibility attribute to their great success

While there are no governmental regulations on a business’ use of CSR, any business would benefit from its use. “Corporate social responsibility (CSR) refers to business practices involving initiatives that benefit society” (Caramela, 2016). These include environmental efforts, ethical labor practices, volunteer work and philanthropy (Carmela, 2016). Businesses are the largest contributors to the economy and humanity. They must be conscious of that and use their power to better the both rather than cause them to deteriorate. The purpose of CSR Reports is to show shareholders and the world how a company is using its power to benefit society. This spike in the use of CSR is because more companies are embedding it into their mission statements and business operations. Many activists are causing businesses with poor CSR to have a negative reputation and image in the public eye. Having a positive reputation and brand depends on a company’s use of CSR. CSR builds a company that employees are proud of and one that consumers are more likely to use. CSR gives companies long-term benefits, such as creating a positive word of mouth and maintaining a larger

With these efforts, world hunger and many diseases will be under control and have a less drastic impact on humanity as it is currently known. Sanofi’s efforts to globalize accessible healthcare will help to eradicate curable diseases in developing countries that currently do not have access to healthcare. Tyson’s efforts to create greater food security will, in fact, create greater food security in both the United States and in other countries. These efforts are incredibly important in creating a world that is worth living in and that will be able to foster the growth of all individuals. The efforts of all companies that engage in CSR are making a difference and changing the world. While the thought of requiring all companies to be charitable and participate in CSR is nice, it is not always feasible. All companies have a responsibility to be transparent in their activities and respectful toward people and the environment. However, there is something special about the companies that voluntarily choose to donate to charitable causes or aid the world’s serious epidemics. In an ideal world, all companies would be willing to do so. Forcing companies to enlist in charity would surely help society, but for many smaller companies the extreme donations would not be feasible. It should, however, be required that companies are socially responsible in regards to their