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The nature of csr in a business
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Corporate Social Responsibilities
Dow Chemical Company
Submitted to: Submitted by:
Nancy Kovacs Ritika Sharma Paramjeet Saini Gulimina Qiayzhia
Introduction
The Dow Chemical Company is referred to as Dow & it is an American MNC whose headquarter is in Midland Michigan, United States. In 2007 it is the second large chemical manufacturer around the globe and its revenue is 10 million dollars. In February 2009 it is the third large chemical company in the world which has market capitalization.
Dow manufactures plastics, chemicals & agricultural products. It is doing business in about 160 countries, & it employs about 54000 people in entire world. The company has seven different major operating segments with a many variety of
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Following are the points, where the company contradicted their actions with CSR policies:
• Merger with Union Carbide
• Doesn’t take any action towards environment clearance at accident site
• Doesn’t take any concern towards Social welfare which was hurt due to this tragedy
• Products and process
Manufacturing forbidden toxic chemical
If a company agrees with sustainable development, it means that this company should deeply understand its development should ensure that its use of natural resources and its activities impact on the environment today must not destroy future for any kind of resources and environment by next generations.
But obviously the Dow Chemical Company’s words don’t agree with their action.
Although it is one of the richest companies in the world, Dow isn’t to be a good corporation citizenship and was not responsible for the environment. For example, they manufacture and distribute some highly restricted or forbidden chemicals such as DDT, Agent Orange, and Dursban in U.S.A.
Dow’s response to Bhopal
Lockheed Martin is one of the biggest organizations in the aviation, guard, security, and advances industry. It is the world's biggest safeguard contractual worker in view of income for monetary year 2014. In 2013, 78% of Lockheed Martin's incomes originated from military deals; it beat the rundown of
1. How was Lincoln able to grow and prosper for so long in such a difficult commodity industry that forced out other giants such as General Electric, Westinghouse and BOC? What is the source of Lincoln’s outstanding and enduring success?
The General Motors Corporation is a multifaceted company but its primary function is the manufacturing of automobiles and light trucks (SIC 3711). The General Motors stock is listed on the New York Stock Exchange and has approximately 1,426,592,046 outstanding shares on the marketplace, as of 10/14/2001. It is headquartered in Detroit Michigan with offices around the world. General Motors has many other operations besides automobile manufacturing including: General Motors Acceptance Corporation Financial Services, Hughes Electronics Corporation, and the GM Locomotive Group. (Disclosure.com)
Exxon Mobil is a great example of a corporate giant. It all started in 1870, when JD Rockefeller founded U.S. Standard oil a company that will go on to be the most profitable in the world. In 1911 the company split up into 34 different companies, amongst these companies was Vacuum oil company that will later be called Mobil Oil and Jersey Standard which was renamed to Exxon corporation. In 199 the two companies decided to work together again, this was the birth of Exxon Mobil.
the world. " The Big Three" hold nearly 75% of the market and produce over 8
RERMAG. "Caterpillar, Cummins Named to Dow Jones Sustainability Indexes Again for 2010." 16 September 2010. RERMAG. Website. 12 April 2014.
ExxonMobil is a multinational oil and gas company with its headquarters offices in Irving, Texas. It was formed in 1999 through a definitive agreement between Exxon Corporation and Mobil Oil Corporation to merge and create a new company. In essence, the corporation produces, distributes and sells oil and natural gas across the world. The structure and culture help it survive the price burst which often occurs in the global oil market. Notably, among its largest competitors, ExxonMobil generates high revenue and produces large volumes of oil for every penny it spends. Besides, the company publicizes the highest price of natural gas and oil, both in absolute terms and for every employee it hires. Significantly, even in good years, the top managers
F.M.C.G. Company Heinz is the most global U.S. based food company, with a world-class portfolio of powerful brands holding number 1 and number 2 market positions in more than 50 worldwide markets. There are many other famous brand names in the company¡¦s portfolio besides Heinz itself, StarKist, Ore-Ida, Plasmon, and Watties. In fact, Heinz owns more than 200 brands around the world and makes over 5,700 varieties.
The Home Depot provides the supplies to assist with the new ideas, techniques and simple way to improve your life and home. The Home Depot was founded in 1978 in Atlanta, Georgia, by Bernie Marcus and Arthur Blank. During this time, the store contained 25,000 products; compared to today’s store which carry 40,000 different home accessories and building supplies. In the beginning, the vision of the store was to be a warehouse full of products that sold to men and women, providing the best customer service. During the next five years The Home Depot placed stores in five different states, with Texas being one of them. Today the company has over 1,700 stores which are satisfying over 22,000,000 customers each week. These stores bring in approximately $64.8 billion ...
From supporting the development of our associates, suppliers and women entrepreneurs to pursuing a more affordable, secure food supply chain to building resiliency in the face of disasters, Wal-Mart is using our strengths to promote the well-being of people and our planet,” ("Global Responsibility Report,"
Dutch manufacturers too have a global outlook. They export goods worldwide, maintain subsidiaries in many countries and often join forces with foreign partners. The main manufacturing industries are chemicals, food processing, metalworking and the refining of gas and oil. The printing and electronic engineering industries are also world-class. Dutch
Global companies play an important role in the business environment, because they connect their business together around the world. A good example of a global company is Dell Inc., an American computer-hardware company, headquartered in Austin Texas, which develops, manufactures, sells and supports a wide range of personal computers, servers, data storage devices, network switches, personal digital assistants (PDAs), software, computer peripherals, and more. They design, build and customize products and services to satisfy a range of customer requirements: from the server, storage and Premier Services needs of the largest global corporations, to those of consumers at home. According to the Fortune 500 2006 list, Dell ranks as the 25th-largest company in the United States by revenue.
Wal-Mart is the largest global retailer in U.S. and also one of the biggest multinational companies of any
7). Their definition was as follows: “ It is in the hands of humanity to make development sustainable… to meet the needs and aspirations of the present without compromising the ability of future generations to meet their own. (SHRM, 2011, p. 7).” Sustainability is the organization’s commitment to balance financial performance with contributors to the quality of life of employees, society at large, and environmentally sensitive initiatives (SHRM, 2011, p. 2). Workplace sustainability requires observation of the following: work force diversity, environmental impact, bribery and corruption, community involvement, ethical sourcing of goods, human rights, product safety, and product usefulness (Epstein & Roy, 2001, p. 588). Creation of a stable, sustainability culture can support the company’s efforts to reach its long term goals; however, sustainable practices are more often found in medium and large staff-sized organizations, publicly and for-profit companies and multinational companies (SHRM, 2011, p.
In 2011 PepsiCo announced the launch of their Social Vending System. This system featured a full touch interactive screen. A consumer can select a beverage and enter the reciepent's name, mobile number, and personalized message and gift it with a video. PepsiCo uses technology to their advantage for global implementation.The company uses media sites in multiple was as advertisement and marketing tools.