The Benefits Of Nestle

759 Words2 Pages
bulb-icon

Recommended: Nestle corporate social responsibility US

Misani & Tencati, 2008). As a result, companies are devoting greater energy and resources to CSR initiatives (Bhattacharya & Sen, 2004). Porter and Kramer (2002) argue that organisations can gain the greatest competitive benefit when CSR activities offer unique value for beneficiaries while in accordance with company’s core competencies and capabilities. Thus, these activities must intersect between the economic gains and the social benefits. Google, the company with the most appealing work environment has placed a strong emphasis on their social responsibility program ranging from employee empowerment to fighting human trafficking and child abuse. Google aims to empower their employees by providing freedom to make decisions and take risks as the corporation believes that …show more content…

Nestle relies on over 5 million farmers in underdeveloped areas to source the raw materials necessary for productions (Nestle, 2015). Thus, Nestle took the initiative to develop and invest in the rural areas such as by improving their infrastructures as well as standard of living. For example, Nestle has significantly raise the standard of living in Moga, India as 90% of the homes have electricity and telephone ever since Nestle entered the community (Nestle, 2015). This initiatives does not only benefit the local community, it has also strenghten Nestle’s supply chain and trust within the country. Therefore, this enables Nestle work closely with the local communities and build a healthy society which is necessary for a productive workforce (Porter & Kramer, 2002; Vogel, 2005). In return, Nestle has successfully established their legitimacy and reputation as a socially responsible corporation by developing other rural areas in Brazil, China and other countries. Hence, Nestle has prospered from the initiative and so have the

Show More
Related

  • Barrick Gold Corporation

    2092 Words  | 5 Pages

    ...n water, sponsor training and income generating programs and provide electricity to the rural poor who can’t afford. If all companies in the world could adopt such measures and set aside some funds in their annual budget so as to help the neighboring local communities, poverty could be eliminated almost completely thus leading to sustainable development.

    Read More

  • Tesla Ethics And Social Responsibility

    2438 Words  | 5 Pages

    The reputation of a company is its most important asset and one of the most difficult to rebuild if ever it is lost due to the violation of these very important issues. Social responsibility is an ethical framework and suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. It does not cover every issue that may come up, but it sets out the basic guide for all employees, directors, and officers of Tesla Motors. The code is to always be provided and followed; therefore, all employees, directors and officers must conduct themselves accordingly while seeking to avoid the appearance of improper behavior.

    Read More

  • T.J. Maxx CSR

    1886 Words  | 4 Pages

    Corporate Social Responsibility (CSR) is the way a corporation achieves a balance between its economic, social, and environmental responsibilities in its operations so as to address shareholder and other stakeholder expectations. In general, when firms hold this wider encouraging role on the public by being engaged with stakeholders, a variety of profit can be produced for both company and the stakeholders. A key inclination is the combination of Corporate Social Responsibility (CSR) into the organization strategy, culture, mission and communications. By incorporating corporate citizenship into the company it is no longer an additional “nice thing to do” or something made to obey laws or regulations. Instead, corporate responsibility has become something business leaders and workforce want to engage in, frequently because executives who believe in the long-term see business profit. The four types of social responsibilities a...

    Read More

  • The Social Impact Of Employees At Ben And Jerry's

    923 Words  | 2 Pages

    By wishing for this deeper meaning in labor, they have provided a helpful hand in bringing out the importance of the social missions. The millennial generation has sought new ways to make a difference in the world as they work from an office or from home. Similar to Ben & Jerry’s, companies across the globe have started to take initiative in their social responsibilities, so that they can meet this new demand from the incoming workforce. When a company begins to take part in providing help to a community, or the environment, this then fulfills the desires of the incoming generations who wanted to be doing the same work but doing more at the same

    Read More

  • Case Study Of Google's Ethical Challenges In China

    1037 Words  | 3 Pages

    The company uses CSR policies tailor made for the U.S. and other Western countries. Being an international company operating in a foreign nation, Google faces numerous obstacles regarding implementation of its CSR activities in China. International companies operating in China must adapt to the existing CSR policies that the country promotes. Therefore, Google finds it challenging to adjust and align its CSR policies according to the Chinese laws. The company has to adjust its policies to conform to the Chinese moral and ethical frameworks that guide CSR activities in the country. Google faces challenges doing business in China because its CSR policies are not compatible with the Chinese market. The regulatory conditions and the sociocultural norms, upon which Google’s CRS policies are founded, unfortunately are not applicable in China. As a foreign company not used to the country’s laws, Google is facing strict and constant social controls on its CSR activities. This deters Google’s operations in China since the Chinese government is unwilling to give in to Google’s demands. Therefore, the company has no choice but to adapt to China’s policies (Tan & Tan,

    Read More

  • Corporate Social Responsibility Analysis: Wells Fargo

    958 Words  | 2 Pages

    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.

    Read More

  • Case Study Of Nestle Company

    1400 Words  | 3 Pages

    The purpose of this report is to evaluate Nestle Company industry based on the case study and comprehend how the company develops strategic intent for their business organizations following the strategic factors and approaches. I will analyze the strategic management process as firm used to achieve strategic competitiveness and earn above-average returns. I will critically examine the strategy formulation that includes business-level strategy and corporate-level strategy. It also aims to identify market place opportunities and threats in the external environment and to decide how to use their resources, capabilities and core competencies in the firm’s internal environment to pursue opportunities and overcome threats.

    Read More

  • The Social Responsibility Of Business Is To Increase Its Profits By Milton Friedman

    786 Words  | 2 Pages

    Porter along with Mark Kramer. In this article, the authors emphasize on the importance of creating shared value on the strategic level of an organization vs corporate social responsibility which is viewed a separate moral obligation for the sake of company’s reputation and making profits. According to the authors, shared value must be embedded into the core value and strategy of business. What the authors of the article are implying is that awareness of social economic challenges is growing making them clearly visible. Businesses and their legitimacy are now viewed as part of the problem. CSR is considered as a scheme to make money and an area which is separate from its core business. Economists believe we should raise the bar and embed the concept of creating shared value on the core strategies of business. CSR activities are externally determined whereas, Creating Shared Value (CSV) activities are more company specific therefore understanding and legitimacy of value chain is needed for sustainability, for example the products and customers being served. CSR activities are limited to CSR budget whereas Creating Shared Value is mobilizing the entire budget of corporation to impact social issues. Creating Shared Value is a genuine way to restore the legitimacy of corporations as results are measured not just by profitability but by the social and economic value created. Companies who

    Read More

  • Corporate Social Responsibility Activities of Unilever

    3393 Words  | 7 Pages

    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...

    Read More

  • Google's Dilemma in China

    1222 Words  | 3 Pages

    In conclusion, companies that seek to integrate into global markets usually encounter several problems because of the effect of globalization on business practices. The challenges originating from such integration is attributed to the differences in cultures in various societies across the globe. As evident in Google’s dilemma in China, there is no single set of universal ethics that are applicable to all settings and societies across the globe. Companies such as Google need to develop varying ethical standards that are relevant and appropriate to various nations and cultures in the world. This would enable the companies that are integrating into global markets to avoid ethical issues while maintaining effective business practices.

    Read More

  • The Globalization of Nestle

    1613 Words  | 4 Pages

    Globalization is the dominant force by which the world has become interconnected significantly as a result of extremely increased trade and decreased cultural differences. Globalization has made crucial changes in the production and trade of goods and services. The giant companies are now multinational corporations with subsidiaries in many countries. They are no longer national firms with their operations limited to the boundary of just one country. Such companies’ growth and operations are not constrained by any geographical, economical or cultural boundary. One of these multinational corporations is “Nestle”; that has gained world-class recognition in recent times. Nestle has made significant use of globalization in the last decade in the following manner-

    Read More

  • Nestle: Operating in a Global Economy

    1690 Words  | 4 Pages

    Nestle is a large company with over 150 years of history. The company deals with global production and competes around the world in an effort to achieve steady growth and profit. Competing in the global economy requires dealing with many challenges to meet production goals and market products to different cultures. Nestle also markets to third world countries that need nutritious food at a reasonable price. The company is a market leader in numerous product lines that have provided a solid foundation for sales and profit. Nestle has strong brand recognition that provides a competitive advantage to get into new markets and expand in existing markets. Operating in the global market means embracing numerous opportunities while avoiding various threats. The strategic management Nestle exhibited serves as an excellent case study in operating in a global economy.

    Read More

  • Nestle Case Study

    1382 Words  | 3 Pages

    They attempt to implement responsible sourcing within their supply chains, raise awareness of both water conservation and help to preserve natural capital. To do this they promote global transparency, and voice their engagement in climate policy. Nestlé’s labor practices consistently address human rights impacts in their operations and supply chains. Additionally, Nestle works towards enhancing the gender equality in the developed global offices. One example of Nestlé’s influence on their sourcing practices can be seen in Nigeria where infrastructure was few and far between and traditional delivery methods could not be achieved due to safety reasons to compensate nestle set their purchasing prices high as well as creating a multitude of small ware houses rather than the typical individual large ware house. They also adjusted their marketing scheme rather than posting to various forms of media as they would do in a developed country, they instead hired local singers and dancers to travel to different villages advertising the Nestle products in a way that would appeal to the different

    Read More

  • The Importance Of Social Responsibility

    1078 Words  | 3 Pages

    Organizations across the globe are becoming aware of the importance of social responsibility as it pertains to, environmental sustainability, equality and ethical business practices. Millennial’s are fostering the idea that is no longer acceptable to just be aware, but more importantly that action is taken and they become part of a solution. Job seekers of modern day society are now requiring that social responsibility be embedded in their work culture.

    Read More

  • Nestle

    570 Words  | 2 Pages

    6.     Nestle focused more on customization instead of the then resounding and domineering globalization. They believed in customizing a product to suit a local niche one market at a time. That way new product failure rate remained minimal and New product Development grew significantly. This process is referred to as local adaptation by the writer.

    Read More

More about The Benefits Of Nestle

Open Document