The business of water
Question1:
The main stakeholders for Coca-Cola and Nestle would be the parties that would be mostly affected and at stake if the plant was to close down in the case of the passing of the law of closure due to negative effects on the environment. Firstly, the employees of the company and their families would be the most at stake, as they would lose their source of income. And in the case of Coca-Cola it might be that most of the village of Palchimada is working at that plant, hence this would affect the whole social environment in the village. On the other hand the villagers are also affected negatively as they are losing their water resources if Coca-Cola keeps operating. The second party at stake would be the suppliers of the company from boxes to ingredients and branding materials. Moreover, The shareholders of the company are affected as they would lose money, market share and return on investment, that would also give way for another stakeholder, which is the competition. Lastly, the customers and clients of such companies are also affected, however, companies as such are very big and are able to supply almost anyone around the world, therefore clients are not primarily at stake.
Question2:
Carroll’s four-part model of corporate social responsibility suggests that CSR includes the economic, legal, ethical, and philanthropic expectations placed on organizations by society at a given point of time. Under CSR pyramid, Nestle comes in the Ethical responsibility that is the third part of the pyramid. These responsibilities oblige the corporation to do what is right, just, and fair which Nestle perfectly abides with as the company never seemed to break any laws and was never involved in any unjust action. Regarding Nestle water plants, the company claims to be economically responsible by operating its plants in rural or remote areas, in the immediate vicinity of the water sources and in many cases, the company is an important economic base within the local
The main stakeholders for Coca-Cola and Nestle would be the parties that would be mostly affected and at stake if the plant was to close down in the case of the passing of the law of closure due to negative effects on the environment. Firstly, the employees of the company and their families would be the most at stake, as they would lose their source of income. And in the case of Coca-Cola it might be that most of the village of Palchimada is working at that plant, hence this would affect the whole social environment in the village. On the other hand the villagers are also affected negatively as they are losing their water resources if Coca-Cola keeps operating. The second party at stake would be the suppliers of the company from boxes to ingredients and branding materials. Moreover, The shareholders of the company are affected as they would lose money, market share and return on investment, that would also give way for another stakeholder, which is the competition. Lastly, the customers and clients of such companies are also affected, however, companies as such are very big and are able to supply almost anyone around the world, therefore clients are not primarily at stake.
Question2:
Carroll’s four-part model of corporate social responsibility suggests that CSR includes the economic, legal, ethical, and philanthropic expectations placed on organizations by society at a given point of time. Under CSR pyramid, Nestle comes in the Ethical responsibility that is the third part of the pyramid. These responsibilities oblige the corporation to do what is right, just, and fair which Nestle perfectly abides with as the company never seemed to break any laws and was never involved in any unjust action. Regarding Nestle water plants, the company claims to be economically responsible by operating its plants in rural or remote areas, in the immediate vicinity of the water sources and in many cases, the company is an important economic base within the local