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Introduction effect of workforce diversity on employee performance
Introduction effect of workforce diversity on employee performance
Introduction effect of workforce diversity on employee performance
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TATA is known as one of the oldest companies worldwide which was founded in 1868 by an Indian man called Jamshedji Nusserwanji Tata. The Tata company is one upon many of the popular businesses in India that operates in over 100 countries with services such as communications, information technology, engineering, materials, services, energy, consumer products and chemicals. These services are shown through the Tata companies which include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Communications and Indian Hotels. Tata has also acquired some of the most famous companies which include the Tata tea-Tetley, Tata Steel–Corus , Jaguar and Land Rover (Thite, M. 2013 and ColdFusion 2015). ???? REF This report will investigate Tata’s approach to corporate social responsibility, sustainability and the tactics they use to manage the culture and diversity of employment. …show more content…
The author argues TATA is dishonest by using CSR as a tool to distract public opinion in order to hide their cares about profit and their market reputation more than addressing the issues of society and environment betterment. In addition, they argued that corporate social responsibility is just a mask that the TATA wanted to wear because, there is no such company that tries to both improve the community as well as aim to displace and pillage their people. This in return causes expulsion from indigenous stakeholder’s land, leaving many homeless. The TATA Company have the ability to make significant changes to encourage a revelation about economic social and environmental sustainability by achieving new tactics that produce better
Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...
Creating Shared Value (CSV) and Corporate Social Responsibility (CSR) aligns the emotional reaction and a systemic balance to how Timothy & Thomas operates the globally. The formula for success is CSV + CSR = Triple Bottom Line. For a company to survive, economically the firm must be profitable. It is important for employees to have job security, positive working conditions, and opportunities for a better tomorrow. A business model that includes social, economic, and environmental criteria creates sustainability to maintain a balanced system. Mr. Jonathan Stein, VP of international contracts for Timothy & Thomas mentions, “Unfortunately, all the talk of values and social responsibility in the world didn’t erase the bottom line” (Nichols). Though it is important to keep the fashionable edge in North American and European markets, embracing ethical responsibility in Lahore Pakistan promotes from within by applying the “moral minimum” to law, guidelines, and corporate
Pramanik Containers Pvt Ltd. Was established in 1977 by Bansilal. The idea of manufacturing aerosols cans was proposed over a drink and it later on turned into serious venture. Bansilal used to socialize and also grabbed the opportunity to turn the need his business. It was a sole supplier to ABC Pharma and created a value on its own through excellent product quality and fast service. During 15 years it had approximately 100 customers from which 15 contributed to the 80% of the total orders. Pramanik used to manufacture aerosol cans with the help of high-speed fabrication machines that could produce around 25 cans per minute. It manufactured cans according to the customer requirements like the dimension and length of the aerosol. The printing department had to decorate cans according to the customer specifications and this required high capacity machine which had an
Companies have presented investigations about their motivation towards voluntarily social and environmental as insolvent. This paper argues in agreement with Adam’s view that the goal of CSR reporting is to promote credibility and corporate image of stakeholders operating in a particular industry. Whereas companies must focus their efforts on enhancing their profitability, they should also ensure that the welfare of other stakeholders is protected.
Tata Power, corporate social responsibility & Rehabilitation and resettlement [Annual Report]. (2008-09). Retrieved from http://www.tatapower.com/sustainability/pdf/csr-annual-report-2008-09.pdf
TAK Asset Management Limited (‘TAML’) is a Securities & Exchange Commission licensed Funds and Portfolio Manager founded in 2015. We are a boutique firm that emphasizes on growing the purchasing power of our client’s capital. We focus on developing a thorough accepting of our clients’ investment goals and create tailored solutions that generate real returns. TAML is also attentive on extensive due diligence, independent investment judgment and a decision matrix based on the fundamental and technical evaluation. We have a dedicated team that consists of highly experienced and diverse investment professionals.
Globalization Phase, companies were known locally, regionally and internationally, their products were already improved offering innovative services. However, as The Economist (2007) has highlighted, while more global the companies are more aware of corporate social responsibility they need to be, namely, foreign stakeholders will expect, not only innovative and effective products, but also they will open their doors and invest their money to companies that are social responsible.
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
This essay will analyse Tata Motor Company and its motive for internationalization and include the background information on the company then it will go on to consider the definition of theories as well as applying them to the Company. The paper will focus on theories which are Dunning Eclectic paradigm; Learning Theories and Porter Diamond .Tata Motors Company is one of the largest automobile companies in India with a 42 billion organization. Further the product range of automobiles, information and technology is varied and covers almost all the segment of the car market as per the Tata Motors (2014).The research shows (Business Leadership Management (BLM), 2013) the motive for internationalization is due to its acquisition and its ease the
I begin this essay by defining CSR, there are many definitions for this term by various different theorists, and EU says that CSR is "A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis." On the other hand, Sloman et al. define it as "The concept in which a firm takes into account is the interests and concerns of a community rather than just its shareholder". Davis and Blomstrom (1966), say it "Refers to a person’s obligation to consider the effects of his decisions and actions on the whole social system". These definitions differ from one another in many ways but they agree that CSR involves taking the environment into account and therefore, one must look take social responsibility.
Analytics means using data and performing statistical analysis on it, applying quantitative and predictive models, in order to arrive at a certain decision. Analytics can be the first step in a process or can rather be an intermediate step as well. Analysis can be done using different set of tools that are available in the market or it can done manually using different concept and formulas. Business intelligence firms like Cognos, SAS and BusinessObjects have developed different tools that are readily available in market that assist in analysis and decision making. Analytics is used in order to find solutions to the problems and the solutions provided enables us to be successful and in the business world allow us to compete with our contenders.
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.
While the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility. Business Directory.com defines corporate social responsibility as, “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources.” But such a concept has been much disputed since at least the 1970’s.
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