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Abstract about corporate social responsibility
Abstract about corporate social responsibility
Corporate social responsibility in an organisation
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B. Identify two primary and two secondary stakeholders The two primary stakeholders are the company’s customers and employees/suppliers who are directly involving in the company’s business. The two secondary stakeholders who do not engage directly with the business are the general public and environmental activist groups. B1. Analyze two ways that the board of directors at Paradigm Toys will meet their corporate social responsibility • Paradigm Toys provides matching to contribution volunteered by employees. For example, if an employee volunteers four hours to work on the housing development for disabilities in the community, the company donates four hours so that the employee can have the whole eight hours to support the social project of
the community where the employee lives or works. By the same token, if employees contribute money to a community’s project, the corporate will match that money so the project will receive double amount of money. • Paradigm Toys trains all employees and partners about CSR, especially how to protect and preserve our environment for the future generations. Along with that, the corporate implements rules and procedures to make sure that the suppliers are environmental friendly by using recycled materials. In addition, the corporate also makes sure suppliers not to use toxic materials that are harmful to customers. The corporate makes sure that its manufacturers provide appropriate treatments to any discharge to the environment.
Stakeholder is anyone with an interest in a business; stakeholders are individual, groups or businesses. They are affected by the activity of the business. There are two types on stakeholders who are internal and external. Internal stakeholder involves employees, managers/directors and shareholders/owners. External stakeholder involves suppliers, customers, government, trade unions, pressure groups and local and national communities.
a: Compare and contrast the CSR efforts of three of Timberland's competitors. How do they compare to and/or differ from Timberland's efforts?
In this essay I will be writing about the stakeholders of both The IPO and Waitrose. I will also be evaluating the impact of different types of stakeholders in one of these companies. Stakeholders can be any person or organisation that has an interest in the activities, goods and services of a business.
. G. Toys is a leading supplier of high quality dolls that are manufactured in two plants within Illinois, one in Chicago, one in Springfield. These dolls are sold in retailors throughout the United States and have an established, loyal customer base due to their high quality and popularity (Campbell & Kulp, 2004). In the last few years, due to rising production costs, their most popular doll, Geoffrey, has seen a decrease in profit margin. In this evaluation we plan to address G.G. Toys existing cost system and offer recommendations on whether management should change the costing system in both the Chicago and Springfield plant. We will calculate the costs of the Geoffrey doll, the specialty branded doll #106 and the cradles using the cost
They should make sure that their primary and secondary stakeholders feel that Paradigm Toys is meeting their corporate social responsibility on a daily basis. First, customers should feel that Paradigm maintains an ethical relationship with them and that they are treated fairly. Employees should be trained and understand what is expected of them and that they are performing ethically and maintaining the highest social responsibility. Paradigm Toys should practice corporate social responsibility to make sure their image with their stakeholders is positive for today and in the future.
The concept is great for a toddler toy. The Hasbro Busy Ball Popper toy is a series of short chambers with a fan at the end. There are balls in the chamber and when the child pushes a button the toy turns on and blows the balls out the top. The soft plastic balls spray into the air and make for hours of toddler and child fun. The toy is very popular and sold almost anywhere that toys can be found including Walmart, Target, and Kmart. It can also be found at on line stores such as Amazon, eBay, and others. A large portion of parents I know with toddlers also have this toy in their home. Today while playing at a brothers house, my daughter who is two and a half, and my nieces who are one and three were playing while four of us adults were talking.
Fisher-Price Think & Learn Code-A-Pillar Review. As a parent, it can be difficult to find educational toys that are able to keep your child occupied while also teaching them useful skills and introducing them to complex topics. Thankfully, there are good educational toys out there that will keep your kids occupied. One of these toys is the Fisher-Price Think & Learn Code-A-Pillar.
Stakeholders are those groups or individual in society that have a direct interest in the performance and activities of business. The main stakeholders are employees, shareholders, customers, suppliers, financiers and the local community. Stakeholders may not hold any formal authority over the organization, but theorists such as Professor Charles Handy believe that a firm’s best long-term interests are served by paying close attention to the needs of each of these stakeholders. The modern view is that a firm has responsibilities to all its stakeholders i.e. everyone with a legitimate interest in the company. These include shareholders, competitors, government, employees, directors, distributors, customers, sub-contractors, pressure groups and local community. Although a company’s directors owes a legal duty to the shareholders, they also have moral responsibilities to other stakeholder group’s objectives in their entirely. As a firm can’t meet all stakeholders’ objectives in their entirety, they have to compromise. A company should try to serve the needs of these groups or individuals, but whilst some needs are common, other needs conflict. By the development of this second runway, the public and stakeholders are affected in one or other way and it can be positive and negative.
Regarding to organizational stakeholders, there are three main groups of stakeholders: customers, employees and investors. The company attempts to link stakeholders’ needs and expectations to the company’s goals. For customers, the company must treat them fairly and honestly. For employees, the company needs to treat them fairly, make them a part of the company and respect their needs. For investor, managers should comply with the accounting procedure, do not manip...
There is a link between corporate social responsibility and the key principles of the stakeholders, which a company should follow to be responsible to its stakeholders. The first stakeholder is environment and the key principle used for it is not damage the environment for example, recycling, dealing correctly with their wastes and emissions. The second stakeholder is the employees. The key principle for the employees is companies providing safe and health working conditions for their staff. Moreover, the employees earn an appropriate salary for ...
As a consultant for Toys, Inc., I have been called in for my advice by the company’s president, Marybeth Corbella; on which of the two proposed options would be best for the company and for the customers as well. Toys, Inc. is a 20-year-old company that produces toys and board games, our company has a reputation built on quality and innovation. Although we have been the market leader in our field, the sales have become stagnant in recent years, and sales have begun to decline when comparing them to the sales in the past. With the company’s managers attributing the decline of sales on the economy, the company was forced to reduce production costs and layoffs in the design and product development departments; this action will hopefully increase
Stakeholders’ analysis is the analysis which tells that how the company is dealing with the people which are directly or indirectly related with the company’s operations. These are called stakeholder and they include the employee, society, suppliers, buyers, shareholders, got and other tax related companies.
Corporate Social Responsibility (CSR) is a very familiar term in today’s world. Most of the successful companies try to be ethical and socially responsible toward their stakeholders. Because becoming ethical and socially responsible gains a lot in terms of profit or capturing more market share (Aras and Crowther,2009). This socially responsible approach is paved by the CSR activities of the companies which has a great contribution to their corporate strategy of winning the customers’ mind. In this assignment, the pros and corn of CSR activities of a particular organization a...
3. What do you think Wal-Mart could do to develop an improved ethical culture and respond more positively to its diverse stakeholders?
Stakeholders refer to individuals or groups of people that have an interest in a business. Management argues that as long as there is wealth for shareholders, then anything is done in a responsible manner and things should be done to promote the interest of other stakeholders.