Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
The nature of csr in a business
CSR is beneficial for business
Don’t take our word for it - see why 10 million students trust us with their essay needs.
The business world has always been a very risky business. There is a lot to worry about no matter what position a person fulfills; everyone has some level of responsibility. The Gap Incorporated is a multinational specialty retail company (Gap Inc. 2014). The company was created by a Doris and Don Fisher (Joslin et. al. 2010). Don Fisher and his wife was a very wealthy couple, Don was a real estate developer (Joslin et. al. 2010). They decided to open up a clothing store when Don realized how popular jeans were becoming in the fashion industry. Another reason that Don Fisher wanted to open a clothing store is because he has an extremely difficult time finding jeans that fit him properly in department stores (Joslin et. al. 2010). So in the year of 1969 the Fishers opened the very first Gap store in San Francisco, California (Gap Inc. 2014). In this paper I will explore The Gap Incorporated and discuss the company’s ethical culture and behavior past and present. Based on preliminary information, I hypothesize that The Gap Incorporated is an ethical company. Company Message on Ethics Like most companies The Gap Incorporated usually has some type of commitment or vision that they want their company to fulfill. The owner, Don Fisher wanted his company to be unique and really help the community. The company does not have a set mission statement but they have made commitment to their stakeholders, employees and they community. One of the commitments the company made was that they will do way more than just sell clothes (Gap Inc. 2014). The Gap Inc. also ensures that everyone that works with the company or is associated with the company will be treated with the up most respect, fairness and dignity (Gap Inc. 2014). The goal of the Gap I... ... middle of paper ... ...e University, 1, 1-18. Partnerships (2014). [print]. Retrieved from http://www.gapinc.com/content/csr/html/community/partnerships.html Team Trefis. (2014, February 25). Gap Inc. earnings preview: Positive growth to continue despite the industry slump (Let’s get Ethical). Retrieved from http://www.forbes.com/sites/greatspeculations/2014/02/25/gap-inc-earnings-preview-positive-growth-to-continue-despite-the-industry-slump/ The Gap (Inc.) in utilitarian thinking (2013, November 15). Retrieved from http://bizgovsoc9.wordpress.com/2013/11/15/the-gap-inc-in-utilitarian-thinking/ Smith, G. E. (2005). Case study: Does Iv. The Gap, Inc.: Can a sweatshop suit settlement save saipan? (Journal of Business Ethics). 23, 737- 770. Stakeholder engagement (2014). [print]. Retrieved from http://www.gapinc.com/content/csr/html/company-overview/stakeholder-engagement.html#
Foot locker, Inc. is an American sportswear and footwear retailer that operates in about 20 countries worldwide. Foot Locker, once formerly known as Venator Group, Inc., is the successor corporation to the F.W. Woolworth Company. Foot Locker operates a series of athletic footwear retail outlets such as Kids Foot Locker, Lady Foot Locker, Champs Sports, Foot Action USA, Eastbay, and footLocker.com. Foot Locker is traded on the NYSE under the ticker symbol FL and according to the SEC had 3,921 mall-based stores worldwide. Between 1963 and the 1980s the corporation diversified its portfolio of specialty shops. F.W. Woolworth Company purchased Kinney Shoe Corporation and operated it as a subsidiary; Kinney later branched into specialty shoe stores, including Styles, Susie Casuals, and Foot Locker. The company’s aggressive strategy was if a particul...
Wal-mart is currently the world’s largest company. It has seen continuous growth and financial success since it was founded in 1962. Today it is living off of a previous reputation of solid ethical business practices that are no longer being exercised. Sam Walton, the founder of Wal-mart, was considered to be “freakishly cheap… Cost-cutting was an obsession in the Wal-mart culture… on business trips, everyone, including the boss, flew coach, and hotel rooms were always shared.” (reclaimdemocracy.org. 2006). This was only part of the reason for Sam Walton’s success.
It's difficult not to be cynical about how “big business” treats the subject of ethics in today's world. In many corporations, where the only important value is the bottom line, most executives merely give lip service to living and operating their corporations ethically.
Windsor, D. (2001). The future of corporate social responsibility. International Journal of Organizational Analysis, 9 (3): 225-256.
The Gap Inc 1. Case Summary The Gap, Inc is a chain of retail stores that sell casual apparel, shoes, and accessories for men, woman and children. Headquarter in San Francisco; the stores operate under a variety of names including: Gap, Banana Republic, Old Navy Clothing Company, Gap Kids, and baby Gap. All merchandise sold by chain is private label.
Ethical behavior is behavior that a person considers to be appropriate. A person’s moral principals are shaped from birth, and developed overtime throughout the person’s life. There are many factors that can influence what a person believes whats is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business it is of great importance for an employee to understand how to act ethically to prevent a company from being sued, and receiving criticism from the public while bringing in profits for the company. (Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in an business environment, or by a business. There are many situations that can arise in which a person is experiencing an ethical dilemma. They have to choose between standing by their own personal ethical standards or to comply with their companies ethical standards. In some instances some have to choose whether to serve their own personal interests, or the interest of the company. In this essay I will be examining the financial events surrounding Bernie Madoff, and the events surrounding Enron.
"It was the summer of 1969: Man took his first walk on the moon. Nearly 450,000 people gathered in upstate New York to witness the historic Woodstock concert. And Doris and Don Fisher opened the first Gap store in San Francisco" (Gapinc.com 2007). Today, Gap Inc. is one of the world's largest specialty retailers, with more than 3,100 stores and fiscal 2006 revenues of $15.9 billion. Gap Inc. operates four of the most recognized apparel brands in the world Gap, Banana Republic, Old Navy and Piperlime. Every day, Gap Inc. looks for new ways to connect with customers around the world, providing value to their shareholders and to make a positive contribution in the communities where Gap Inc. does business. Gap Inc brands have a simple, common purpose: "to make it easy for people to express their personal style" (Gapinc.com 2007). Gap Inc. constantly evolves each brand to better meet their customers' needs through innovative and inspiring design; through convenient and engaging store experiences; and by communicating with people in a way that connects to how consumers live, work and play. Gap Inc. involves total quality management through out policies and procedures. In the following information explains how Gap Inc. uses TQM (total quality management), what made Gap Inc. the way it is today, and implementations on total quality management.
Gallagher, S. A. 2005. Strategic response to Friedman’s critique of business ethics. Journal of Business Strategy, 26(6), 55-60.
Lawrence, A. T. & Weber, J. (2011). Business and society: Stakeholders, ethics, public policy (13th ed.). New York: McGraw-Hill/Irwin
In July 2011, the company structure was categorized into two Global Business Unit. P & G is also a member of the US Global Leadership Coalition, a Washington, DC based coalition for over 400 majors companies & NGO's that advocates for a...
Verschoor, CMA, Curtis C. "Ethics: Do The Right Thing." Strategic Finance (2006). Retrieved on 18 September 2006 .
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.
Introduction- to complete this assignment, I chose deontological ethical theory. There are various issues surrounding business ethics. Business ethics is a form of professional ethics and applied ethics which examines principles that are ethical and moral problems that becomes apparent in the environment of business. Applied ethics deal with the ethical questions that comes from the Imelda of technical, business ethics, legal ethics, and medical. The business range and quantity reflects ethical issues to a degree in which business became aware of the odds against non-economic social values. In 1960 the social responsibility movement increased the public consciousness for the role of business that help ethical practices maintain highly and cultivate
Ethics is concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for a given situation (Crane & Matten, 2010). Since law does not necessarily cover the morality of many controversial issues, moral reflection ought to be performed on any action, regardless of its lawfulness. The growing power of business in today’s society has enabled businesses to significantly impact the world. Hence, business ethics is highly relevant as it could determine whether businesses contribute or cause harm to the society at large.
Shaw, W. H., & Barry, V. (2011). Moral Issues in Business (Eleventh ed., pp. 230-244).