Chat with AI
Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624 Exercise 8
Corporate Social Responsibility
Corporate social responsibility (CSR) refers to the idea that firms have a responsibility to anyone affected by the firms' actions, its stakeholders, rather than just its shareholders. CSR has become such an important political entity that may firms attempt to use their expenditures on the stakeholders as good business strategy. Many companies have chief corporate responsibility officers, and many others provide a CSR report in their annual statements. Following are CSR reports taken from the annual reports of three large U.S. companies.
Starbucks- Doing Business in a Different Way Contributing positively to our communities and environment is so important to Starbucks that it's one of the six guiding principles of our mission statement. We work together on a daily basis with partners (employees), suppliers and farmers to help create a more sustainable approach to high-quality coffee production, to help build stronger local communities, to minimize our environmental footprint and to be responsive to our customers' health and wellness needs.
FedEx- FedEx cares about the communities in which we live and work. We are dedicated to effective corporate citizenship, leading the way in charitable giving, corporate governance and a commitment to the environment.
Gap- At Gap Inc., we believe we should go beyond the basics of ethical business practices and embrace our responsibility to people and to the planet. We believe this brings sustained, collective value to our shareholders, our employees, our customers and society.
The political pressure on businesses also comes about through pressure on nations. The Responsible Competitiveness Index (RCI), from the British nonprofit, Account Ability, and Brazilian business school, Fundação Dom Cabral, looks at how countries are performing in their efforts to promote responsible business practices. The index includes 108 countries covering over 96 percent of global GDP, with geographical representation on all five continents.
Is Corporate Social Responsibility responsible?
Corporate social responsibility (CSR) refers to the idea that firms have a responsibility to anyone affected by the firms' actions, its stakeholders, rather than just its shareholders. CSR has become such an important political entity that may firms attempt to use their expenditures on the stakeholders as good business strategy. Many companies have chief corporate responsibility officers, and many others provide a CSR report in their annual statements. Following are CSR reports taken from the annual reports of three large U.S. companies.
Starbucks- Doing Business in a Different Way Contributing positively to our communities and environment is so important to Starbucks that it's one of the six guiding principles of our mission statement. We work together on a daily basis with partners (employees), suppliers and farmers to help create a more sustainable approach to high-quality coffee production, to help build stronger local communities, to minimize our environmental footprint and to be responsive to our customers' health and wellness needs.
FedEx- FedEx cares about the communities in which we live and work. We are dedicated to effective corporate citizenship, leading the way in charitable giving, corporate governance and a commitment to the environment.
Gap- At Gap Inc., we believe we should go beyond the basics of ethical business practices and embrace our responsibility to people and to the planet. We believe this brings sustained, collective value to our shareholders, our employees, our customers and society.
The political pressure on businesses also comes about through pressure on nations. The Responsible Competitiveness Index (RCI), from the British nonprofit, Account Ability, and Brazilian business school, Fundação Dom Cabral, looks at how countries are performing in their efforts to promote responsible business practices. The index includes 108 countries covering over 96 percent of global GDP, with geographical representation on all five continents.
Is Corporate Social Responsibility responsible?
Explanation
Verified
Verified
Case summary:
Corporate Social Responsi...
Managerial Economics 2nd Edition by William Boyes
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
