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Corporate social responsibility of walmart corporation
Corporate social responsibility of walmart corporation
Ethics in modern business life
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Ethical Theories: Part II
Frank P. LoBue III
PHIL101-1402A-01
April 21, 2014
Christopher Hubbard
Ethical Theories: Part II
Social responsibility can be defined as “the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Mallen Baker, 2004). In addition, social responsibility has been defined differently by various corporate leaders that provide guidelines which impacts how one manages the core business. Social responsibility is an essential part of a business. If managed correctly should strengthen the competitive spirit of the company and provide prosperity to society.
The differences between Nike and Patagonia are; Nike provides “footwear, clothing, and equipment and accessory products for sports which are primarily provided by independent contractors. Estimating, 19,000 retail accounts in the U.S. and 140 countries around the world. Patagonia provides outdoor clothing that has been leading the market for over 30 years. Patagonia conducted an assessment on the fibers they were using to find the impact on the environment, which resulted in the largest pollution culprit, was that of cotton. In addition, the cotton showed almost a “30% use in pesticide in the world” (Rachel Holmes, 2009).
Furthermore, Patagonia looked into conventional cotton growing methods with findings that indicate proposed cancer risks, especially in California. Their net sales of 60 % were in cotton; and therefore would have to change the way farmers raise cotton by going organic. This would be a new selling point, customer approval, which resulted in an increase in revenue in ...
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.... In addition, this company has already made adjustments in the way they are making their product by using organic cotton to improve the quality of their product. Furthermore, while Patagonia is making definite changes towards their social responsibility considering the needs of their customers while still increasing the amount of product they are producing.
References
Edge. (1999). Study of Corporate Social Responsibility. Retrieved from stanford.edu: http://www.stanford.edu/class/e297c/poverty_prejudice/citypoverty/hedge_poverty.html
Mallen Baker. (2004). Corporate social respnsibility - What does it mean? Retrieved from mallenbaker.net: www/mallenbaker.net/csr/definition.php
Rachel Holmes. (2009). Wal-Mart wants to be more like us. Retrieved from theguardian.com: http://www.theguardian.com/lifeandstyle/2009/feb/24/patagonia-ethical-outdoor-clothing-interview
Sometimes in life there are instances in which and individual must make a decision that will question their moral fiber. These instances could vary from whether or not to help others in need, decide whether an action is right or wrong or even when deciding who should live and who must die. How does one logically reason to an ethnical conclusion to these situations?
Abstract Patagonia's mission statement is, to use business to inspire and implement solutions to environmental crisis? Patagonia is a clothing company that focus is on selling environmentally safe outdoor apparel. This papers focus is on the history of Patagonia their environmental marketing strategies and their competition. There has also been some outside research done to see what the public perception of Patagonia is. Introduction Patagonia's History In 1957 a young climber named Yvon Chouinard could not find pitons (a form of climbing protection) that he liked.
The partnership came to a halt when more challenges were presented, Frost could not take any more risks, and they both parted ways. Patagonia was struggling to stay afloat when CEO Kristine McDevitt joined forces to help them revamp. Patagonia’s team developed a product design philosophy which was pulled from the initial mission statement “Build the best product” (Ball, 2009, p. 2). While focusing on the environmental impact Patagonia portrays, in 1996, the company goes to 100 percent organic cotton. That is when the bar rose to new heights and Patagonia launched Common Threads Garment Recycling Program in 2005. The program is designed to take responsibility for their product through recycled and recycling fibers. The purpose of introducing this program was to boost the economy in many ways especially in conserving raw materials, energy and natural
Patagonia was a unique company that features outdoor equipment, clothing and many more things. The company has been in business more than thirty-five years with outstanding sales. Patagonia had their focus on its customers to make a difference in the world. They were also members of several environmental organization. They were a company who was in harmony with nature and reflected the ones founded by climbers and surfers. Patagonia strongly believes employees are to be treated as human beings so they can balance work, play, and family by maintaining a highly casual atmosphere. However, Patagonia was criticize for its unorthodox business practice from the business community. But, the employees are very loyal to the company. Patagonia
protect the environment through initiatives, grants, the ways in which their products are manufactured, and proper waste disposal. In the field of marketing, it is known that “Too many choices means no choice at all”, which signifies that if customers have too many options to choose from, they tend to get confused and overwhelmed, which often leads to them not making a purchase (Barry, 2003). However, having very limited options tends to bore and discourage customers from purchasing the product as well. Patagonia, overall, doesn’t have a large product mix.
Then in 1996, switched to using organically grown cotton. The company even began to construct wet suits made from renewable bio-rubber unpatented to allow other companies to follow its steps in environmental responsibility. The entire company put its entire line of products as recyclable through it COmmon Threads Partnership, to avoid the waste of materials during its post wear. In 2007 Patagonia begins to protect the environment under its corporate responsibility with its launch of The Footprint Chronicles®, which would trace the social and environmental impact of Patagonia’s products. This caused for and internal retraining of their employees who perform the supply chain visits and audits to fully understand their code of honor. This first step of integrating the environment with human rights led towards the Sustainable Apparel Coalition in 2010, Patagonia gathered top leaders in apparel and the U.S. Environmental Protection Agency to create an index of how they perform in social and environmental responsibility. This coalition represents a third of the clothing and footwear produced in the world. They also became the first outdoor apparel to work with Fair Trade USA on its Fair Trade Certified apparel which began to expand after its success in India’s mills
To supply the wants and needs of a consumer, society entrusts wealth-producing resources to the business enterprise.” (Santayana, George. Is The Tyranny Of Shareholder Value Finally Ending? So before we go into greater detail on the different perspectives related to social responsibility, one might question the meaning of social responsibility. It is generally agreed that social responsibility is defined as the business obligation to make decisions that benefit society.... ...
In this, Patagonia has been said to be very successful in applying cause marketing as its value proposition always focuses on making lasting products for purposes of making its customers to live in a more environmentally responsible manner (Snider, Hill, & Martin, 2003). Thus, from all these practices, it is evident that the company is greatly concerned with the process of making sure that its operations does not affect the population that it serves in any way (Snider, Hill, & Martin,
Several topics are considered to be controversial surrounding the operations of Patagonia Inc. A few of these controversial topics are as follows:
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.
Every day we are confronted with questions of right and wrong. These questions can appear to be very simple (Is it always wrong to lie?), as well as very complicated (Is it ever right to go to war?). Ethics is the study of those questions and suggests various ways we might solve them. Here we will look at three traditional theories that have a long history and that provide a great deal of guidance in struggling with moral problems; we will also see that each theory has its own difficulties. Ethics can offer a great deal of insight into the issues of right and wrong; however, we will also discover that ethics generally won’t provide a simple solution on which everyone can agree (Mosser, 2013).
Business ethics and social responsibility are two concepts many individuals believe go along together for corporations in the business environment. Business ethics are the moral values a company uses to ensure all employees action in a standard manner when completing business functions. Social responsibility is typically a conceptual theory that governments and the general public hold, believing that businesses should not conduct themselves in a manner counter to cultural or societal norms. The connubial of these concepts happens when companies introduce a written code of ethics to demonstrate that the company only acts in its greatest interest so long as it does not damage the company’s social responsibility.
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...
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 management’s obligation to protect and promote their stakeholders welfare. Social Responsibility is more than just obvious ethical issues like honesty and integrity in business dealings.