Essay On Strategic Options Of Samsung

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Recommended: Corporate Social Responsibility Principles

What are the possible alternative choices Samsung has? For these outcomes, the team has chosen three possible options for alternatives (1) recall, (2) no recall or (3) delay of release. As for the aforementioned list, the group examined their values alongside the fixtures of corporate social responsibility and the consumer sovereignty test. The team analyzed the alternatives with the former under the following four criteria; economic, legal; ethical, lastly philanthropic responsibilities. For the latter concept, the following criteria were utilized, consumer capability, information and choice. Samsung’s corporate social responsibility (CSR) vision is to build a society where people, society and the environment coexist in harmony. As a part of Samsung CSR efforts, Samsung is committed to transparency and delivering important information to our shareholders to continually build confidence and trust in us (Samsung, 2016). Economic Responsibility: Samsung is indebted to its Stakeholders, for without the confidence and resources that has been granted by them, Samsung would not be where they are at today. With that said, looking at the alternatives; Samsung must keep that level of contribution going while pursuing other avenues to generate growth. However, if there is a lack of confidence in Samsung’s products and services, the …show more content…

Legal responsibility sets the precedent for the social responsibility that Samsung as embraced. Moreover, the alternative one and three encompass that level of responsibility. However, alternative one and two meet the basic requirements under law and are less burdensome on cash flows of the company. Nevertheless, for Samsung to rise to the next level in corporate social responsibility option three would be the best alternative

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