Lululemon

516 Words2 Pages

The Vancouver based company has created a unique identity in the retail industry, they were able to become the number one women's fitness apparel retailer, maximising all aspects of health and fitness.

There are numerous ways Lululemon has proven socially responsible with regards to their business practices. The core values Lululemon possess is a belief that individuals will ultimately be successful when working in a healthy environment while perfectly balancing their work and family life. The company's mission is to fuse the disconnection between work and life, combining the two in a healthy manner. Another key point is the in-store yoga sessions provided by educators and ran by yogis. In a community sense, the organization strives to create …show more content…

Firstly, is the Is the organization’s economic responsibility met? Under the circumstances, I would consider this criterion met.To enumerate that point the company is valued at over $200 million, strong financial results have been achieved in less than 10 years. With the company's plans to increase the number of operations to 200 new stores, this will continually be met. By offering a product that is desirable for people living an active lifestyle Lululemon will continue to thrive. Legal responsibility is public addressed by the belief that “every person we hire, garment we create, store we open, customer, we educate and yoga class we attend contributes to building a legacy in our communities”. Lululemon works with different outlets to try and achieve a healthier and more informed community as to how the business is conducted. By introducing the new organic fiber line they demonstrate ethical responsibility. As a leader in the industry, Lululemon has set the bar high for community initiatives. Their discretionary responsibility is perceived by focusing charitable giving programs to the specific areas Lulu is located they have further connected themselves with the community. Not only is the money guaranteed to go back to the community, the citizens also have the opportunity to dictate which charity the funds should be applied too. An example of one of the activities is the Active Kids Movement program. Lululemon is a perfect example of social performance by meeting all the criteria. The social responsibility strategy Lululemon had implemented is a proactive strategy by taking a strong leadership role in the community focusing on social initiatives and meeting economic, legal, ethical, and discretionary

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