Supply Business Chains Operations
Introduction
As is known from the surroundings we live, there are an increasing number of factories and manufacturing industries all around the world, which facilitate our daily life on one hand and pollute the environment around us on the other. Countries, especially some industrialized ones cannot develop their economy at the cost of making the surroundings contaminated. Many a company, such as Black and Decker producing such products as power tools, kitchen appliances as well as lawn and garden equipment, pursues a policy of sustainable development or ecological sustainability. It refers to the endurance of systems and processes in ecology, covering four interconnected domains: ecology, economics, politics and culture. J Klewitz, EG Hansen (2014) said, “Sustainability-oriented innovation (SOIs) is the integration of ecological and social aspects into products, processes, and organizational structures.”
CSR objects related to sustainability
W Hediger (2010) mentioned, “CSR can be particularly constituted a strategy to cope with externalities and serve as insurance against reputational risks that harm profits and corporate value.” The main goal of CSR is to protect the profits from being influenced. From this point, they are doing the right thing because only sustainable development can make sure that all the resources can be put into use effectively and efficiently and only sustainable development can ensure that they can maximize
Corporate social responsibility (CSR) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism that has business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. CSR is a process with the aim to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered stakeholders. CSR is titled to aid an organization's mission as well as a guide to what the company stands for and will uphold to its consumers. Development business ethics is one of the forms of applied ethics that examines
Based on my interpretation of CSR, I see it as a voluntary obligation that companies have promised to their stakeholders to fulfill by improving, or at least not harm, the environmental and social wellbeing. When companies engage in CSR, they voluntarily promise to, for example, carry the responsibility to protect the environment and take actions against bribe or other corruptive activities related to their business. It certainly has some positive influences to specific areas based on my knowledge gained from other classes; nevertheless, when judge CSR in the context of total impacts on our society and environment, it is obvious that CSR has failed its mission to lessen the negative impacts of business based on the evidences that provided by the author. Also, since there is a strong positive relationship between CSR behaviors and consumers’ reactions to a firm’s products and services, it seems to me, now, that CSR for the most companies is just a fancy cover that helps them to create or promote a good image and reputation. The recent case that shows the failure of CSR of Volkswagen even make me believe that CSR programs may be just a marketing or public relation exercise for many
Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.
In this article, “The Truth About CSR,” authors Rangan, Chase and Karim stress the importance in aligning a company’s social and environmental activities with its business purpose and values (Rangan, Chase, & Karim, 2015, 41). Outcomes of CSR programs should be a “spillover” and not a primary focus of a business, expressing concern towards social responsibility and corporations failing to contribute to society accordingly (Rangan, Chase, Karim, 2015, 42). There is a great deal of importance in companies refocusing their CSR activities on a primary goal and in providing an organized process for bringing consistency and discipline to CSR strategies (42). Rangan, Chase and Karim want corporations to understand why it is important for them to evaluate their CSR activities and refocus them towards the goal of reinforcing the firm’s societal and environmental actions, while also ensuring their actions add to the overall purpose and values of the corporation. According to the authors, even though
This section will examine Wal-Mart 's company strategy in several sections. Three elements of successful strategy formulation and a fourth element, which exemplifies the implementation process of company strategy, will be looked at. Followed by this, an analysis of key factors contributing to this strategy will be detailed. These include looking at Wal-Mart 's competitive strategy, the CEO 's leadership, and company strategy strengths and weakness assessment.
The popularity of CSR has grown substantially in the last couple of decades. Many people may have grown skeptical of business in the wake of corporate scandals such as Enron, Tyco, and WorldCom followed by the sub-prime mortgage market, which have all gained large amounts of negative publicity. Stakeholders are more aware of the performance of companies along a broader set of metrics that portray the company’s operations in a more comprehensive manner that provides information about social performances and environmental performances. Much of the concept of corporate sustainability is rooted in the notion of sustainable development with can be defined as the ability to meet the needs of the current population without compromising the ability of future generations to
As a result, corporate social responsibility (CSR) is considered as key for the survival of organizations. A plethora of terms have been used to describe CSR; these include sustainability, business ethics, stakeholder management, corporate responsibility, corporate social performance, corporate conscience, corporate citizenship, social performance, or sustainable responsible business (Carroll & Shabana, June 2011). CSR is the duty of a corporation to create wealth in ways that avoid harm to, protect, or enhance societal assets (Steiner & Steiner, 2006).
Despite the increasingly obvious trend of CSR, conflicts around the topic are common especially in real businesses. Conducting CSR initiatives or programs requires investing corporate resources, including charitable giving, investing in green solutions, paying for better working environment and assisting community development, for returns that are usually distant and uncertain. For the decision makers within corporations, it is hard to judge because they would be at someone else’s expense to create social value. Another conflict occurs when it comes to the role of CSR in businesses’ development: whether it is harmful or helpful for the businesses’ profitability is still quite a concern, not to mention that the difficulties to get a measurable bottom line out of CSR initiatives.
Product – vastly superior product on a number of levels including taste, refreshment, satisfaction, ethically sound production, enhancing the social acceptance and experience of the customer feeling they are doing good while enjoying their coffee.
As globalization and technology bring the world together, management is forced to engage in strategies and calculated risk to remain competitive, allowing for organizational success through customer satisfaction. When executed correctly, lean manufacturing also known as lean thinking creates an atmosphere where competitive advantages and success is attainable. Due to the successful nature of this strategy, organizations other than manufacturing, have implemented lean thinking with a favorable outcome. Discussed below is the establishment of lean thinking, the steps of 5S, which is the tool utilized to lay the groundwork of lean thinking, and distinct differences between traditional cost accounting practices and lean accounting practices
Corporate social responsibility is not working resolve the world problems. That said CSR is a way for companies to profit themselves while also benefiting societies. They take care of their employees, stakeholders, investors and customers. They give a respect of our staff 's and caring for employees, delight everyone in same style, fresh food, labeling, pay suppliers on time, respecting the human rights, friendly behaving and honest. CSR following the law and solved some government issues, business on environment use nature source with care.
Corporate responsibility responsibility (CSR) is a concept in which firms integrate in terms of social, environmental, and economic activities and in their interactions with their stakeholders on a voluntary basis. Stated more clearly and simply, is the business contribution to sustainable development issues. It should be noted that in 2010 the French Ministry of Ecology, Energy and
The problem VF is experiencing is the result of an inefficient supply chain strategy. VF is experiencing challenges with its relationship with suppliers that negatively affect its operations. Supplier relationship management seem to be cause of the supply chain inefficiency as indicated by occurrences VF management experienced in the case. One factor of supplier management is to maintain a mutually beneficial relationship with suppliers. Suppliers do not trust VF and are focused on their own goals., that in some cases, create more expense for VF. Another cause VF’s supply chain problem is the hassle of renegotiating contracts or negotiating contracts that are mutually beneficial. These negations take long periods and is hardly results in what can be described as a win-win situation for both parties. The capabilities or lack thereof, of VF’s suppliers is also a cause of the supply chain problem. Many of VF’s suppliers are in third world countries and lack both skills and technology to increase their own efficiency and product quality. While VF is considering the idea of supplier improvement, a buyer invests human and capital resources to improve the seller’s ability to meet the buyer’s needs, suppliers have been resistant to VF attempts to get involved in their operations. VF’s supply chain worked in previous years, but as the apparel industry is changing the pressure to drive down cost has forced manufacturers to implement more creative solutions.
Today, in this complex business environment where all business enterprises are surviving by realizing maximum profits possible, there exists a mechnism called Corporate Social Responsibility (CSR) that is providing the required edge towards success. Corporate social responsibility (CSR) is the way a corporation achieves a balance among its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. This is because it is
The World Business Council for Sustainable Development (WBCSD): "Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large”.