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Relationship between business and society
Social obligations of businesses
Relationship between business and society
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Sony Corporation, also commonly known as Sony is a Japanese multinational conglomerate corporation founded in May 7th 1946.
The companies has a lot of contribution to the “SONY CSR“, they began issuing them as “CSR Report” since 2003 which have Corporate Governance, Compliance, Responsible Resourcing, Quality and Service, Environment and Community. Sony has a lot of visions that are based on its departments such as electronics, gaming and music that they have in their companies DNA but one is really of highest importance which is for Mr.Ibuka one of the founders of Sony “To establish of an ideal factory that stresses a spirit of freedom and open-mindedness, and where engineers with sincere motivation can exercise their technological skills to the highest level” “"To reconstruct Japan and to elevate the nation's culture through dynamic technological and manufacturing activities “ “To rapidly commercialize superior technological findings in universities and research institutions that are worthy of application in common households “ and “To promote the education of science among the general public “. These are the basis and philosophies of Sony. I chose Sony because it had a lot of impact in my childhood even to this day it still hits me with amazes due to its high technology improvement and their piercing innovation that the whole world would want to have, as a child Sony Computer entertainment, which is one part of the huge conglomerate had the most impact in terms of gaming which I personally have till this day its first console ever which as released in 1994 which is named Play Station which gained 61% of the global console sales, in the year 2000 Play Station 2 was released which a bought on the day of release which sold over ...
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Customer Normative If you go to Sony’s website, you will see in the CSR/Environment that they have taken an initiatives toward education in Africa, another initiative they have taken in the company as a whole and in their product is an environmental approach which they call “Road to Zero”
Microsoft Xbox ONE Descriptive There was a lot of games in the Play Station product line which are exclusive to Play Station alone but in the past years Sony have passed aloft of those games which where exclusive to them to Microsoft Xbox, Xbox 360 and Xbox ONE to create a console competition between them and the winner will win more console users
Moxley and Co. LLC Instrumental Moxley and Co is a bank but a company like any other company which must have annual report to present to their customers and Sony have those to the public in their website for them to see.
Many people agree that Sony’s Playstation 4 is better than Microsoft’s Xbox One and vice versa. I have been gaming since I was seven years old and still am today. The first gaming console I ever had was the original Xbox. Throughout the years though, technology has improved vastly. The last generation of game consoles gave the industry a much needed boost and gave the consumer another commodity. With the eighth generation of consoles just arriving, a lot of people are wondering which console to buy. There is, however, more than just the choice of games. There’s differences in processors, graphics cards, hard drives, design, operating systems, ports, versatility, stability, controllers, and, of course, the games.
The next generation of video consoles, the Xbox 360 (2005) and PlayStation 3 (2006), featured still greater integration of proprietary gaming networks and consoles. There are many different types of XBox games. The most famous X Box games are known as X Box 360, XBox Live, and XBox One. It is one of the popular game in the world.
According to David Katzmaier from CNET.com a few of the apps which are exclusive to the Xbox One are: YouTube, TED, Skype, NFL, FOX NOW, and FX NOW to just name a few. However, a few apps such as NBA are only exclusive to Sony. Both Microsoft and Sony are awaiting the addition of a few new apps such as HBO GO. Overall the Xbox One offers a wider variety of popular
Philips’ major rival, Matsushita, started as a small electrical house-ware manufacturer in 1918. The company expanded rapidly and soon introduced a flood of new products. By the end of the century, Matsushita grew into a global player with powerful brand names such as Panasonic, Quasar Technics, and JVC.
Nintendo Co., Ltd has a strong hold in Japan; the loyalty of the locals to buy products made and owned in country will continue to help secure the company’s future in Japan. Globally, Nintendo Co., Ltd should expand its products to include applications for smart devices such as tablets and smart phones. Expanding to smart devices will help the company stay competitive with other game console industries. Their marketing strategy of targeting the population that has never owned a gaming console has the ability to be advantageous. Nintendo Co., Ltd has a strong future producing new innovative games and consoles and will continue to be a major participant in the gaming industry.
A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed
...t in becoming more socially responsible corporations. For example, Pos Malaysia through their CSR practices, this corporation had focuses on a dual-pronged approach that is aimed at bringing value to the community and nation at large by the means of enhancing education particularly towards the enhancement of human capital development mainly in underprivileged areas and also Enriching Communities in which Pos Malaysia seeks to promote commerce and entrepreneurship within the communities they serve particularly in rural areas. The above CSR themes are aligned with Pos Malaysia mission to constantly strive to be a caring corporate citizen by supporting nation building and community services. This CSR will focused on the meeting the need and interest stakeholder of an organization by becoming more socially responsible and as well as to improve their image and reputation
Back in the day, the common household paraded around Nintendo’s latest gaming console, and goggled at every E3 unveiling. Shingeru Miyamoto, a once major gaming producer, had dominance over any other company, and ran competitors into the ground. Twelve years ago, Playstation stood no chance against the empire Nintendo built. Even when the Nintendo Wii entered market, Sony’s Playstation 3 and Microsoft’s Xbox360 initially lost profits while Nintendo raised millions (Kuchera). Nowadays, however, when comparing Nintendo to other gaming kings, the general public favors anything non-Nintendo. Some people attribute their profit loss to the rise of Apple and iPhone apps, others argue Nintendo’s products attract soft-core gamers, and the rest assume Nintendo’s current failure stems from faulty hardware. In reality, the reasoning for Nintendo’s blunder does not depend on one aspect alone, as most people argue, but rather all three together in a process of elimination.
Sony Corporation is a multination conglomerate corporation headquartered in Tokyo, Japan , and one of the world's largest media conglomerates with revenue of US$88.7 billion (as of 2008) based in Minato, Tokyo .
CSR is one of most important parts of every company. Acting as socially responsible is must for winning the race of competition. In this report, in the 1st part I tried to show a brief about CSR, its history and how people respond towards CSR. Then I have chosen Unilever, a famous FMCG company for the analysis. Then I tried to find out the CSR activities of Unilever all over the world, its corporate strategy and the contribution of CSR activities to corporate strategy. In the last part a SWOT analysis and some recommendations are given for more clarifications. I hope that this report will be able to give a clear view about CSR and its contribution to corporate strategy.
The aim of this report is to apply the theoretical and practical ideas of corporate reputation and corporate social responsibility presented in this course to the organizations in the same industry.
Due to the constant changes in today’s world, shareholders and stakeholders expect information about the operational, financial and investing activities of a business.
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