Preview

Tom's Shoes

Better Essays
Open Document
Open Document
1259 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Tom's Shoes
Introduction
Corporate social responsibility is a company’s awareness of responsibility towards the community and environment in regards to its operating location. Companies express this social responsibility through their waste and pollution reduction processes, educational and social programs, and earning satisfactory returns on the hired resources.
Examples of such CSR implementations include: giving back to the community, helping improve the community, and helping reduce carbon emissions or improving the overall environment through recycling. Numerous industries implement these practices into their business policies; a good illustration of CSR is Tom’s Shoes. Tom’s shoes are a company in which one pair of shoes are donated to needy children
…show more content…

Firstly, there are the financial disadvantages to maintaining a healthy social responsibility of the business. Major corporations are able to assemble a budget in order to look after their social responsibility to the community, but this case does not always reside in smaller businesses (Corporate Social Responsibility & Human Rights, 2008). Thus, disadvantaging small businesses to socially benefit from the community in regards to popularity and profits.
Another disadvantage when implementing corporate social responsibility is loss in competition. Competition is a major factor for companies as it keeps them motivated in terms of developing strategies to strive and increasing reputation in order gain popularity and profits. However, if a company were to implement CSR their profits and resources will be cut down due to the company giving back to the community (Corporate Social Responsibility & Human Rights, 2008). This will put a competitive disadvantage to the company and the competitors will thrive in profits and resources if their company does not implement CSR (see Appendix 1). Corporate social responsibility is not entirely problematic as various industries gain their popularity through
…show more content…

This Australian company applies fair trade ingredients into their desserts, and have developed their own dairy farm program in Vermont. This implementation in the company allows customers to know that the dairy farmers are being treated fairly and can thrive in the global economy. Ben and Jerry’s also incorporate cage-free eggs to benefit from the chickens. These certified humane cage free standards provide this company with higher quality eggs as the hens have wholesome, nutritious food and sufficient space to engage in normal behaviours (Ben and Jerry's, 2014), thus not inhumanely breeding hens for the purpose of laying eggs. This allows the hens to become more beneficial to the community as higher quality eggs have been

You May Also Find These Documents Helpful

  • Powerful Essays

    In the other hand companies have to limit the excess damage on the environment, and help people in the economic development this is a way of behaving ethically in a business, cooperate with loyal spirit, ethical values, global measures and develop a general positive impact of the business on the society. when a company choose to be socially responsible they better be prepared to go through some difficulties and critics about the way they operate, and the goals they want to achieve and must not forget the main purpose of the business which is making profit,…

    • 1797 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Tom's Shoes

    • 384 Words
    • 2 Pages

    The success of TOM’s Shoes centers around the phenomena of Cause-Related Marketing. Blake Mycoskie, entrepreneur and self proclaimed ‘Chief Shoe Giver’ of TOM’s, traveled to Argentina originally and identified a need: that of children needing shoes. This need had the identifiable consequence of disease, which could be easily avoided were shoes to be supplied. It was then a process of identifying a target demographic (in his case, young people between High School and College age) and the vehicle: one pair of shoes to a child for every pair sold to a customer.…

    • 384 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Tom's Shoes

    • 509 Words
    • 3 Pages

    The baby boomer generation may be a difficult group to reach for this company. First I don’t think canvas shoes are primary footwear for this group. The advertising campaign they have possibly will not reach them also as most of it is done thru the internet and unconventional media outlets. I also don’t think they will react well to the buy one set of shoes and they will donate a pair on your behalf. I believe they will be skeptical about who the shoes will be donated to. They are a bit more financially conservative when it comes to buying things that are not essential.…

    • 509 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Canadian Tire Case Study

    • 864 Words
    • 4 Pages

    CSR strengthens brand loyalty. Consumers that value CSR will view a business more positively, and as a result their positive opinions will cause them to be more loyal to the brand. These same consumers are also likely to share these positive experiences and opinions of the company through word of mouth; an effective form of advertising. Part of being CSR is ensuring the well-being of workers. If the workers and staff are happy and safe, they are more likely to increase productivity. Being CSR also forms better public relations, particularly if it believed to be sincere. When a company is CSR they have a competitive advantage. If the opposite is true and the competition is CSR, being CSR can help them to stay competitive, instead of being at a disadvantage. These benefits, however, do not come without their drawbacks. It is costly to participate in CSR, both money and effort wise. Becoming CSR is like an investment, and not all companies have the necessary liquidity to do so. The benefits of CSR also tend to come gradually. As a result, for some companies, these long-term benefits are not desirable because they want immediate results. Without the necessary time, money and patience, participating in CSR could actually harm a business. Being CSR may also deviate from the focus of a business. CSR initiatives must be carefully planned and executed to ensure positive results and good public relations. Even for companies who can afford to be CSR, like Walmart, could face more drawbacks than benefits. The structure of the business and its profits are essentially founded on behaving socially…

    • 864 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Management Assignment 4

    • 1454 Words
    • 5 Pages

    Social responsibility makes businesses organizations more sustainable in the long term. This means that when businesses make decisions that shows social responsibilities it will eventually leads to improved prospects and long term survival of the organization. Business organization should therefore consider the environment in which they operate and take careful contemplation of the ramifications of their activities…

    • 1454 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Csr(References)

    • 1132 Words
    • 5 Pages

    Corporate Social Responsibility is described as being a company’s ethical, economic, environmental, social and legal attitude towards its stakeholders in order to establish long-term success (Crane at el, 2008). These issues have come to have an important role in the running of a business in recent years. CSR was developed over a number of years and has been researched by professional economists. There are many arguments in favour of and against the CSR strategy. A company that adopts and operates the CSR can gain control over a variety of sectors, including shareholders and stakeholders. In brief, businesses can generate maximum profit and reduce potential risk by adopting the CSR strategy in the long-term. This essay will discuss the benefits, risks and different approaches of CSR within a business context. In addition, several case studies will show the effect of the implementation of CSR and provide a framework for running a business, increasing revenue, sustaining growth and surviving in the market.…

    • 1132 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders. CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives (“Triple-Bottom-Line- Approach”), while at the same time addressing the expectations of shareholders and stakeholders. In this sense it is important to draw a distinction between CSR, which can be a strategic business management concept, and charity, sponsorships or philanthropy. Even though the latter can also make a valuable contribution to poverty reduction, will directly enhance the reputation of a company and strengthen its brand, the concept of CSR clearly goes beyond that.…

    • 554 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Corporate Social Responsibility (CSR) is a concept whereby companies integrate ethical, social, environmental, and other global issues into their business operations and in their interaction with their stakeholders (employees, customers, shareholders, investors, local communities, government), all on a voluntary basis.…

    • 891 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Arguments against CSR

    • 458 Words
    • 2 Pages

    A business may have to allocate a certain amount of resources just to meet the needs of the people and environment. Suppose the firm currently has an unproductive operation in a certain country and it would definitely be better for the company if it closes this operation down but this will also mean that all the employees will lose their jobs and income. This will affect their livelihood and probably their families as well. For the firm to have corporate social responsibility, this will mean that the firm will have to keep it going so as to ensure their well-being is taken care of. However, this results in costs that are higher than necessary which ultimately leads to lower profits. Stockholders get a smaller return on their investments, making it more difficult for the firm to acquire more capital to sustain the company in the long run.…

    • 458 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Schlumberger CSR

    • 700 Words
    • 3 Pages

    Corporate social responsibility (CSR) is an important part of companies’ businesses plans. Economically speaking it opens doors to obtain business in new country. Companies have learned to be more sensitive to social issues and human rights. Socially speaking CSR improves life of current generation and future ones to better what satisfy individuals and make social atmosphere pleasant and more secured.…

    • 700 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Corporate social responsibility (CSR) is a corporate initiative to assess and take responsibility for the company 's effects on the environment and impact on social welfare. CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.…

    • 999 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    In this paper, the author suggests that corporate social responsibility may not be truly influential to the company’s performance by analyzing and evaluating the reasons why there are various results concluded by different research from positive, negative, to neutral.…

    • 1195 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Corporate social responsibility (CSR) refers to a corporation’s accountability for its actions towards its people, the communities it interacts with, and the environment it is situated in. By implementing CSR as part of its corporate strategy, a firm seeks to align its economic interests with its legal and social responsibilities to its employees, its community and the rest of its stakeholders.…

    • 2614 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    csr in hcl

    • 681 Words
    • 3 Pages

    CSR has become an integral part of corporate strategy. Companies have CSR teams that devise specific policies, strategies and goals for their CSR programs and set aside budgets to support them. Corporate social responsibility plays a crucial role in making your brand popular not only among your competitors but also media, other organizations and most importantly people who are your direct customers. Corporate social responsibility (CSR) focuses on the wealth creation for the optimal benefit of all stakeholders – including shareholders, employees, customers, environment and society..…

    • 681 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    (Friedman, 1970) argues that the usage of resources and involvement in activities aimed to raise profit is the sole social responsibility of a corporation. Additionally, participating in free competition without dishonesty or fraudulence is the main fundamental to the business. The study against CSR also includes wealth maximization being the dominant function of businesses, as opposed to focusing on CSR initiatives (Ludescher, 2009). Ludescher continues by arguing that engagement in CSR is an obligation by managers only when it is a strategic initiative. Consequently, CSR will not play a dependable role in assisting developing nations during economic downturns. Proponents against CSR have also claimed that corporations should maintain primary focus on profit maximization and leave environmental and social issues to non-profit organizations (like World Wildlife Federation) and the government (Lamb, Hair and McDaniel,…

    • 775 Words
    • 4 Pages
    Good Essays