Preview

CSR Objectives And Action: An Analysis Of Indra's Stakeholder Group

Good Essays
Open Document
Open Document
1736 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
CSR Objectives And Action: An Analysis Of Indra's Stakeholder Group
CSR objectives and actions developed for each of the Indra’s stakeholder groups: customers, suppliers, employees, shareholders and community are:
Customers
For Indra, knowledge exchange with customers to develop ad-hoc solutions is essential. In doing so, Indra selects those customers that it considers as highly innovative and with great growth potential, for which the development of trust is critical. Thus, it fulfills a two-fold aim: it improves its knowledge on needs and expectations of this group, and intensifies the relationships through the existence of fluid communication and links.
Suppliers
In relation to suppliers, the company maintains stable agreements for the development of certain technologies, the results of which reverberate in aspects such as training and performance assessment.
Employees
The key objective is that employees are motivated using incentives such as their participation in work teams, and that through such initiatives they are stimulated into making worthy contributions. Indra counts on a “Performance Assessment and Internal Search for Talent” program, which it applies twice a year. It contains three main activities: the General Development Plan, the investment in actions to identify employees’ potential and plans to identify successors in critical working places.
On the other hand, the
…show more content…
This is achieved by means of the improvement of its competitive context, which highly depends on its ethical relationships with stakeholders. In this sense, this company, through the integration of CSR into its strategic activities is achieving high performance levels both in social (non-financial) and financial terms. Indra’s competitive context is allowing the attainment of strategic objectives by means of the development of new markets, sales growth in actual markets and the launching of new products and

You May Also Find These Documents Helpful

  • Powerful Essays

    Cop in the Hood

    • 2662 Words
    • 11 Pages

    But Moskos’s conclusion is that the training actually demoralizes trainees even before they start working on the streets. Physical training is…

    • 2662 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    3 CSR Case Study

    • 834 Words
    • 3 Pages

    Claire Doyle is the environmental compliance manager for a small plastics manufacturing company. She is currently faced with the decision whether or not to spend money on new technology that will reduce the level of a particular toxin in the wastewater that flows out the back of the factory and into a lake. The factory's emission levels are already within legal limits.…

    • 834 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Cyp3.2 1.1

    • 1433 Words
    • 6 Pages

    It is an important part of a practitioner’s job to observe and assess children in order to establish where a child is at with regards to their development, health and well being and if they require extra support. The factors that need to be taken into account when assessing development are:…

    • 1433 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    New Balance is an American athletic shoe and apparel company founded in 1906. Initially, New Balance started out peddling arch supports to law enforcement officers and waitpersons/servers in restaurants. Now the company boasts a collection of men and women sport shoes – running, cross training, basketball, tennis, hiking, and golf. Additionally, New Balance has an impressive men/women apparel and accessories division, along with a kid’s section as well. What I found interesting and unique, New Balance offers a custom made option for customers to…

    • 1903 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Coca Cola Ethics Issues

    • 1698 Words
    • 7 Pages

    A difficult question is for each company is how to operationalize this concept within its organisation. The introduction of corporate social responsibility (CSR) has given stakeholders leverage in decision-making, and as…

    • 1698 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Primark's Irresponsibility

    • 2638 Words
    • 11 Pages

    Many companies fail to imply a good effective CSR to a business and this can have an overall effect on the company’s process. CSR is basically for a company to have an overall positive impact on the environment, consumers, employees, stakeholders and communities. I will be discussing and implying sources and concept to my chosen company Primark and discuss where they failed to add CSR to their company. A good use of CSR in a company can be the fulfilment of social or environmental goals, as opposed to a business that tries to achieve its financial goals while minimizing any negative impact on society or the environment. These businesses are called Social Enterprises.…

    • 2638 Words
    • 11 Pages
    Powerful Essays
  • Best Essays

    The principles and practices of CSR have been the focus of great attention and examination in the management literature for over three decades. Similarly, for…

    • 3830 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    CSR Case Study TESCO

    • 5622 Words
    • 18 Pages

    Corporate Social Responsibility is a term that has been around for a while now, and has changed its shape as time as gone. Essentially the idea of corporate social responsibility is as it written: the social responsibility of the corporation. However the way in which corporations decide their social responsibility or the way it is measured has been contested for some time. The concepts that corporations are using in today’s world of corporate social responsibility include corporate citizenship and sustainability, there seems to be definite move away from a broad usage of CSR to an attempt to label what corporations are doing. Tesco itself classes itself as a corporate citizen and is making moves to be a sustainable corporation. To understand these terms it is useful to give a brief history of the terms and movement in corporate social responsibility usage.…

    • 5622 Words
    • 18 Pages
    Powerful Essays
  • Best Essays

    Director, Nonprofit Management & Community Service Program & Robert W. Scherer Professor Emeritus, Department of Management, Terry College of Business, University of Georgia, Athens, GA 30602, USA, and 1 Assistant Professor of Management, School of Business, Indiana University Kokomo, 2300 S. Washington Street, Kokomo, IN 46904, USA Email: acarroll@uga.edu; kshabana@iuk.edu…

    • 15541 Words
    • 63 Pages
    Best Essays
  • Good Essays

    Csr Case Study

    • 6604 Words
    • 27 Pages

    IOSR Journal of Business and Management (IOSRJBM) ISSN: 2278-487X Volume 3, Issue 5 (Sep,-Oct. 2012), PP 17-27 www.iosrjournals.org…

    • 6604 Words
    • 27 Pages
    Good Essays
  • Better Essays

    The Malaysian Government supports the concept by promoting the idea of how CSR helps and contributes to the growth of the country. Prime Minister’s CSR Award and ACCA Malaysia Sustainability Reporting Awards are just a few examples of awards given for good CSR practices. According to CSR WeltWeit, the CSR activities in Malaysia focus on education, health and environment.…

    • 1227 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Ghfh

    • 651 Words
    • 3 Pages

    * The various suppliers were asked to submit a self-evaluation to the team, which allowed them to see which supplier was the best “functionality fit”. A three hour presentation from each supplier allowed “SiL’K” to see each supplier’s strengths and weaknesses and allowed them to narrow the field down to 3 remaining choices. Visits to the remaining supplier’s sites for further research allowed the team to develop a deeper understanding of each.…

    • 651 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Itc Csr Initiatives

    • 3063 Words
    • 13 Pages

    ITC was incorporated on 24th August 1910 under the name Imperial Tobacco Company of India Limited. Progressively, as the Company 's ownership Indianised, the name of the Company was changed to I.T.C. Limited in 1974. As ITC has a wide range of businesses such as Cigarettes & Tobacco, Hotels, Information Technology, Packaging, Paperboards & Specialty Papers, Agri-business, Foods, Lifestyle Retailing, Education & Stationery and Personal Care - the full stops in the Company 's name were removed effective September 18, 2001 and it now stands rechristened 'ITC Limited '.…

    • 3063 Words
    • 13 Pages
    Good Essays
  • Satisfactory Essays

    The rationale for CSR has been articulated in a number of ways. In essence it is about…

    • 255 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The study of urinary chemistry on stone forming minerals will provide a good indication of risk of stone formation. Urinary supersaturation with respect to stone-forming constituents is generally considered to be one of the causative factors in calculogenesis. Though supersaturation of stone forming salts in urine is essential, abundance of these salts by itself will not always result in stone formation. Various substances in the body have an effect on one or more of the stone forming processes (nucleation, growth and aggregation and crystal retention), thereby influencing a person’s ability to promote or prevent stone formation.…

    • 734 Words
    • 3 Pages
    Good Essays