Introduction
Macy is a top company in the Retail Industry specialized has a chain of mid-range American department stores which deals with product such as clothing , footwear , bedding ,furniture , jewelry ,beauty product and house wares . It common business activity and principal product or commercial enterprise are classified as being part of the Retail Industry
How Macy’s Inc mission ,purpose and goals communicate a commitment to ethical and business practices .The company is entrusted to open and honest communication with member of staffs, shareholders ,vendors ,customer ,financial analyst and news media ,It seeks to be proactive in giving out information and in keeping key stakeholders group up –to-date on important and material …show more content…
Macy Inc pursues ongoing programs to consume not as much of electricity and water, reduce waste stream, and source more of their power from renewable resources for instance solar energy.
Through taking a widespread approach to sustainability by involving everybody around them .The company promote sustainability and renewablity with their vendor partners, associates and customers.
Through the measure of what they do and strive towards quantifiable goals. Building on recent programs, the company has set goals to guide their progress in the years ahead.
Stakeholder who is affected by Decisions Company makes in relation to business ethic and social responsibility. Among the stakeholder affected are the employees this is because ethics and social responsibility are all about comportment in mind the full weight of any corporate verdict. Employees are affected by the decisions the company makes and a social responsibility the company is involved.
Macy‘s performance in terms of business ethics, in a scale of 1-10 it 8/10 .Social responsibility in a scale of 1-10 it 10/10, with so much involvement in community work it has rely performed so good. Stakeholder in a scale of 1-10 it 5/10, not everyone is comfortable by every decision is made.