B1. Explain the ethical desirability of improving the company’s reputation in the community based on the scenario: The Company prime responsibility is to bring profit to the organization, but one may agree or disagree gaining money comes at a price, and that is if you have the money you need help the community. But all may agree that everyone has a social responsibility to help the community, especially for a company. Company should strive to be viewed as a company with CSR not only to have a good reputation within communities, but to help make the world a better place for everyone. Here are few of TechFite’s ethical desires and examples to improve a reputation within the community. 1. Integrity- Unity within the organization is very important because it shows the community that the organization is united in a cause. This is TechFite’s mission to satisfy employee benefits and wages, which will help develop a trust with the community and its neighbors. 2. …show more content…
Keeping promises- TechFite has made a promise to the community and employee to be socially responsible to the City of Dellbergs, This will bring hope to the bankrupt city. 3. Loyalty-By keeping the promises TechFite made to the community will not just show loyalty to the City of Dellberg but the community will reciprocate that notion accordingly. Here are couple of examples of how TechFite can execute and improve the company’s reputation within the community: - Cut back or remove the Executive bonus structure incentive and transfer the funds to employee benefits. This will increase loyalty within the employees and will improve the reputation within the organization and the community - Run campaign ads of the organization accomplishment and changes within the community. Techfite can advertise service photos, testimonials, and accomplishment to show the community and clients how involved they are in the community B3. Explain how the course of action from B2 is ethically, socially, and environmentally
Techfite is an employee-focused organization that values flexibility and empowerment. Those are characteristics of clan culture. It is classified as clan culture due to the focus on flexibility and its employees. The means of clan culture are cohesion, empowerment, participation and communication.
f) Demonstrate Corporate Social Responsibility (CSR) by helping to build strong and safe community being a bigger community through volunteering, giving and caring for the environment. Also, the Corporate Social Responsibility strategy revolves around wellness which is a big shift (Bullseye View, 2015). Support employees live well and achieve their goals thus contributing to the organization growth by cultivating talent, networking and leadership through employee growth. Such a commitment and diverse perspective enable the talented workforces perform at their full potential to deliver great
• To become a presence of being a company that is good for the community, Techfite must hold to the promises it has made. Dellberg is a bankrupt city and investments to rebuild in environmentally responsible ways have not been funded. Once this has been addressed and realized, Dellberg will not only see Techfite as a company that is great for their community, but our employees will also feel like this is a great place to
In recent years, companies are becoming socially responsible and now stakeholders almost expect a company to have CSR policies. Therefore, in twentieth century, corporate social responsibility (CSR) became an important development in public life (Barnett, ND).Corporate social responsibility is defined as “the ways in which an organisation exceeds the minimum obligations to stakeholders specified through regulation and corporate governance” (Johnson, Schools and Whittington, N.D cited in March, 2012). Stakeholders can be defined as “those individuals or groups who depend on the organisation to fulfil their own goals and on whom, in turn, the organisation depends” (Johnson, Schools and Whittington, N.D cited in March, 2012). There are many purposes for this essay, the first purpose is to descried the key principles of corporate social responsibility and explain their importance for stakeholders. Secondly, is to show how far this company follows those principles in order to be accountable to at least three of its stakeholders. In this essay, three stakeholders, environment, customers and employees will be evaluated respectively and the key principles of the stakeholders will be examined.
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
Corporate Social Responsibility (CSR) is a very familiar term in today’s world. Most of the successful companies try to be ethical and socially responsible toward their stakeholders. Because becoming ethical and socially responsible gains a lot in terms of profit or capturing more market share (Aras and Crowther,2009). This socially responsible approach is paved by the CSR activities of the companies which has a great contribution to their corporate strategy of winning the customers’ mind. In this assignment, the pros and corn of CSR activities of a particular organization a...
Based on the literature review, reputation is a significant driver in creation of value or the obliteration of it. A number of the consumers consider reputation of a company as their most substantial purchasing criteria. Reputation provides a unique competitive advantage which enables companies to overtake the market. A decrease in reputation is linked with average market loss. Due to globalization, financial and economic unrest, growing business complexity, the news cycle rapidity and the evolution of social media companies are more vulnerable than ever. Today it’s hard to predict crisis which can be harmful to the most carefully build reputation. For example Volkswagen’s reputation has continued to be damaged by the revelation that it cheated emission tests. The company has a had a strong reputation for value but that reputation is now tainted. With different stakeholders all brands need to take care of their solid
A corporations CSR should be shaped in order to fit the goals of the corporation, although every corporation’s CSR should differ, since most have different goals and different communities behind them. The CSR should be molded into fitting the corporation’s goals in order to make it easier on the corporation in giving back to the community while achieving its goals. For example, a corporation located in a desert wishes to be more efficient, by reducing water usage it is not only creating lower costs, which result in higher revenue, but also helps the community by not taking up so much water. Taking this into consideration, it is critical that the corporation goals and values are established and clear throughout the corporation, they should be developed by the board or directors and CEO, and the highest managerial level should stress their importance to the rest of the corporation. By making the goals and values at the top branch of the corporate hierarchy, it will be simpler for the corporates community to develop in order to nurture those goals and values. Therefore, a corporation can reach the “shared-value,” a value for both its shareholders and community in a simpler manner that can result benefiting the corporation in the end as well. Throughout the article many examples are given of actual corporations that have benefited and changed their CSR in order to fit their goals, therefore, providing solid proof that these methods work. Nevertheless, as acknowledged by the author’s themselves, most of the corporations taken into consideration where one’s that Harvard CSR students were employed
...puter technology are rooted in the general ethical issues that people in society deal with. For example, the ethical issues such as invasion of privacy, theft, and fraud have been around since human beings began interacting with each other. The fact is that elements of these ethical issues are not unique to the computer field or computer technology. These current technologies raise the same ethical dilemmas with conditions that are unique to computer and cyber technology. This explains why we general ethical issue are such as privacy, theft and fraud are reexamined as informational privacy, identity theft and computer fraud in computer technology.
A company has an economic obligation. It must earn a favorable return for its stockholders in the restrictions of the law. But, corporate social responsibility means that organizations have also ethical and societal responsibilities that go past their economic responsibilities. CSR needs organizations to develop their documentations of their responsibilities to include other stakeholders such as workers, customers, suppliers, local societies, state governments, international organizations, etc. Ethics could be seen as a fundamental component of individual and group activities at the heart of organizations’ errands.