According to Porter and Kramer (2006), “Proponents of Corporate Social Responsibility (CSR), use four arguments, moral obligation, sustainability, license to operate, and reputation as justification for implementing CSR programs and practices (p.3). Moral obligation is the duty to be a good citizen and do the right (socially responsible) thing. Sustainability requires responsibility managing both environmental and community needs, by meeting the needs of today without compromising the ability of future generations to meet their needs. License to operate, every company needs permission from governments, communities and stakeholders to do business and reputation, to ones improve image, strength in brand, increase morale, and raise the value of stock (Porter, 2006).…
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…
For each business due to the human aspect of ethics and the connection to business success corporate leaders take different steps to establish a code of conduct not only for employees but directors and officers of a major company. The code of conduct has different key areas that have significant importance to the business. Ruby Tuesday has specific guidelines that they set for their employees. Preventing harassment and discrimination including race, color, religion, gender, age, sexual orientation, national origin, disability, veteran or marital status, and rudeness towards guests or vendors could result to disciplinary actions including the termination of employment. Having this in the policy shows that the company does care for the rights and respect given to the people that are apart of their company. It provides employees to feel they are given fair treatment. Another key area is inside trading. It is against policy for an employee, officer, or director to profit from material that is nonpublic. Material can include unannounced sales or estimate of sales, unannounced changes in earnings estimates or actual earnings, and changes in management. Any employee, director, or officer withholding any information may not buy or sell any securities or exercise any options to buy securities until 48 hours after material information has been released publicly. With this being included in the policy it is important to establish trust between an employee and the employer. It shows significance to the business that they are all about honesty. They don’t allow information to be leaked early. If a sale was being given at a specific time well it wouldn’t be fair if anybody knew a couple days before or a week before. Employees should prevent the payment of bribes or kickbacks. They are unable to offer, give, solicit, receive, or…
An ethical conduct contains written morals to prevent misconduct within the workplace. encourages employees to promote honest and ethical conduct both personally and professionally. It is important to stay compliant with both government laws and Ruby Tuesday’s guidelines. There are many significant keys important to the success at Ruby Tuesday, some that stand out are: preventing harassment and discrimination and confidentiality.…
Ruby Tuesday’s vision is to provide great value to their guests and a great working environment for their team members by reflecting their core values of Quality, Passion, and Pride in everything the company does. The company adopted a Code of Business Conduct and Ethics to confirm its commitment to conduct business with the highest integrity.…
In this case we could not really judge if the company focused on ethical, legal, and philanthropic corporate social responsibilities all together. But they did mention about Red Lobster’s and its employees ethical and legal responsibilities. The case did not mention if Red Lobsters support any social causes or do any volunteers for the community. Therefore, we cannot judge whether or not Red Lobster was responsible socially or philanthropically.…
We at Costco we identify with being social responsible not only to our environment if not with our own enpleados. we believe our employees deserve fair wages that enable them to live a happy life happy employees also help us sell more and provide better treatment to our customers. Likewise we support increasing the minimum living wage. our senior vice president of human resources and risk…
From the case study and the e-Activity, determine two (2) key reasons why people value the customer service that Nordstrom provides. Examine Nordstrom’s current corporate social responsibility activities, and suggest one (1) additional action that the company could take to further strengthen its corporate social responsibility efforts.…
While discussing about the business ethics and corporate social responsibility (CSR) of any business organization, it is necessary to mention that although both the concepts might overlap each other as far as their operations are concerned, yet their goals remain the same for the organization. While ethics involve the individual actions within an organization, the CSR constitutes the organization’s performances and activities as a whole that have direct influence on its stakeholders, customers as well as on the environment. In the present times, organizations are found to have become more concerned about CSR and thus several measures can be found to be considered in this regard (Mullerat, 2010, p.48). The present study focuses on learning about the CSR activities of Starbucks Company and the different issues that the organization addresses.…
believes that business has a responsibility to act and trade ethically and that, by doing so, it can…
Starbucks, an international coffee store, began in Seattle in 1971 as a collaborative of three business partners. In the 1980’s Starbucks began to expand beyond Seattle and the chain began to go internationally. It is reported that as of August, 2012, Starbucks is now located in 58 countries making it an extremely viable force in the coffee industry. Starbucks mission, according to its website, is “to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.”(Starbucks Website).…
D. Birch (2002). Social, Economic and Environmental Capital. Corporate Citizenship in a New Economy. Deakin University, Melbourne…
Why do you think Starbucks has been so concerned with social responsibility in its overall corporate strategy?…
Over the years, there have been theories of Corporate Social Responsibility that have flourished. These theories have help corporations to understand the importance of Corporate Social Responsibility. Other theories have provided an explanation of beneficial or damaging effects. Most importantly, each theory provides a different perspective on applying corporate social responsibility. Overall, corporations need to understand how both theories, Systems Theory and The Triple Bottom Line theory, relate to Corporate Social Responsibility within their corporation.…
The different aspects of corporate social responsibility (CSR) have been the topic of considerable debate since the last decades of the twentieth century. Main factor for the increased interest on the part of stakeholders in this topic are the increased public awareness and interest in the corporate social responsibility following the Information Revolution. This essay will assess the dangers and benefits of the business ethics for most of the stakeholders – employees, organizations, society, shareholders and the environment. It will also explore specific examples of corporate social responsibility in different large corporations and will make a comparison between two large companies’ ethical policies. The position that I will defend is that people behind corporations are the ones who can be philanthropic but enterprises themselves can only be driven by the laws of market (which in the modern economic reality in most Western countries demands an increasing attention to business ethics).…