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Define corporate social responsibility essay
Nature and concept of corporate social responsibility
Define corporate social responsibility essay
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Amazon vs Exxon Hayden Benton Introduction to Business Community College of Aurora Arthur Vaughn 2/25/2018 Amazon vs Exxon Social responsibility is an idea that has been a topic of concern humanity for many years regarding business. In the last decade alone, it has become a growing concern for the business world. This has resulted in an increasing interaction between governments, businesses and society in general. In the past, companies were mainly concerned with the economic results of their decisions. This document will discuss the concept of corporate social responsibility. It will give the definition of the phrase and identify some of the global factors that require corporate social responsibility. The importance of companies establishing corporate social responsibility projects and the impact they have on society will be discussed. The two companies that will compared are Amazon and Exxon. These businesses are both very similar in their notoriety as well as their success but much different in the aspect of social responsibility. Study of Exxon …show more content…
Exxon in its many successes over the years running a very economically prosperous business found itself in bad viewings of society as it became a well-known business as well as many other businesses who were found to lie about their knowledge on climate change. Exxon was aware of climate change, back in 1977, 11 years before it became an issue in society’s eyes. This knowledge did not prevent the company from spending decades neglecting to publicly acknowledge climate change and even promoting climate misinformation, an approach that many have compared to the lies spread by many other industries including tobacco. Overall this came as a major shock to the common Americans but seemed to have been to no surprise to some expecting
Exxon/Mobil, one of the nation’s leading oil producers, has its main refinery located in Beaumont, Texas. Each year, the residents of Beaumont/Port Arthur have to contend with the 39,000 pounds of pollution spewed each year by the Exxon refinery. Exxon’s emissions are 385% above the state refinery average. In 1999, the Texas Natural Resources Conservation Committee (TNRCC) allowed the plant to increase their emissions, without allowing the public to have a say in the matter. Interestingly, 95% of the people living near the plant are of African American descent and are in the poverty range. Some believe that this, along with the lack of education in the area, allows Exxon to get away with such high emissions. Residents in nearby neighborhoods have been complaining of headaches, nausea, eye, and throat irritation for years. Since 1997, Mobil has repeatedly violated health standards in its emissions of two key air pollutants: sulfur dioxide and hydrogen sulfide, These “rotten egg” smells are so strong, one can smell it through a car driving past the refinery. After numerous complaints and one record of a refinery worker becoming unconscious because of the fumes, the EPA awarded Exxon with a $100,000 environmental justice grant in October of 1998. Hopefully, Exxon has put the money to good use and cleaned up their emissions.
Coover then continues to discuss the effects that would be instigated greenhouse gasses and global warming: “During the late 1960s and into the 1970s, automobile, oil, and chemical corporations spent over $1 billion a year on corporate greenwash. In the 1980s, as environmental disasters became more and more common, greenwashing increased and became more sophisticated. Corporations and industrial groups learned how to deflect attention away from even their most blatant environmental catastrophes. By the 1990s “corporate environmentalism” came into vogue. Corporations spent much more money on claiming to be green through advertising than they actually spent on trying to fix the corporate processes that were defiling the
The climate crisis of the 21st century seems to be all about climate change and or global warming. Many people think the most of the manmade climate is being caused by the world’s largest companies that use the most power, which between them produced nearly two-thirds of the greenhouse gas emissions generated since the dawning of the industrial age, new research suggests. The companies range from investor owned firms, household names such as Chevron, Exxon and BP to state owned and government ran companies. The analysis say that, which has been welcomed by the former Vice President Al Gore as a "crucial step forward" found that most of the majority of the companies were in the business of producing oil, gas or coal. (Kenny)
The elite have the dominate power to attempt national policy changes, yet make few adjustments to climate. The elite include many upper class sectors of society that run leading American energy companies who are apprehensive about policies that may impact the
Today in the corporate world various strategies are applied to successfully run and execute transactions. In the recent years, the subject matter of Corporate Social Responsibility has escalated. “Corporate social responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders” (http://lexicon.ft.com/Term?term=corporate-social-responsibility--(CSR). Communities are demanding that corporations take social responsibility for their actions, and elucidate the process of disposing waste in an environmentally manner to the people. Numerous businesses have initiated Corporate Social Responsibility approach in order to gain benefits, which will allow
John Deere has recently been challenged by the Justice Department from filing a lawsuit challenging Deere & Co.’s planned acquisition of a high- tech farming equipment line from Monsanto Co., saying the deal would suppress competition for technology that allows farmers to plant crops at higher speeds. The misguided statement of U.S allegation as the news affected Deere to lose their share value and wrongly accused Deere will dominate the market. There is a broad view to define it, it shows John Deere is buliding “the proposed acquisition benefits farmers by accelerating the development and delivery of new precision equipment solutions that help farmers increase yield and productivity,” (Kendall & Bunge, 2016). Corporate Social Responsibility is an important strategic method to bring benefits in terms of customer relationships and human resource management. It also encourages firm be proactive in social and environmental responsibility to gain the consumer confidence and the trust in business. Therefore, Analysis of a few key points of John Deere’s charitable giving, technological developments, environmental efforts, and customer oriented approach to the firm will explain clearly that John Deere is a
In the two Exxon Mobile commercials presented, a number of employees of the company are trying to disprove the common overgeneralization that gas companies aren’t concerned with the condition of our environment. Many people assume that gas companies, such as Exxon Mobile, are simply concerned with the creation of gasoline in an effort to increase their profits; however, these commercials were designed to contradict that general assumption. In the first commercial, the creators are trying to demonstrate the diversity of their staff and the various tasks that they are assigned with that actually work to improve the environment. Not only are they trying to produce cleaner burning fuels and encourage energy efficiency, they are working on matters
Effective strategic planning provides the basic foundation through which an industry can attain competitive advantages over others. Taking competitive advantage over others is the advantage over the others in industry. The competitive advantage can only be achieved through solid strategic planning. Strategic objectives are the objectives of organization that is very important to achieve organizational success. Strategic objectives are long term goals of the organization. It helps the organization to convert its broad vision in some specific goals and plans in order to meet organizational success. Analysis of target market must be defined first before identifying competition accurately. After developing some competitive advantage, it will be daily challenged. To beat the competitors and meet the strategic objectives of the company, it is most important to identifying the new areas where there is an opportunity to flourish. It is very important to look at different trends that will expected to emerge in order to plan the strategies which may make the company capable to develop competitive advantages over others in industry. It will help company to closely track its competitors and their future plans as well. It is important to analyse that how the needs and preferences of customers will change with passage of time by changing trends and circumstances (Amit & Zott, 2001). There are large numbers of companies who have developed their smart objectives to gain competitive advantages. In this paper we will discuss different ways in which Yahoo and Amazon have taken steps to build competitive advantage and lead the industry.
The corporate social responsibility is a commitment by a business to contribute to economic development while improving the quality of life for employees and their families’ as-well as contributing to the society. Walmart is a well-known company that offers customers the items they want and need at a low cost, with nearly 4,000 stores in the United States. According to the Fortune 500, Walmart was ranked number 1 in 2015. Just like any other superstore Walmart needs to continue the use of social responsibility by recreating a relationship between business and the community especially if they want to dominate the competition in 2016. The use of sustainability, strategic philanthropy, causing market, shared values, stakeholders and global perspective will help readers understand the purpose of social responsibilities in the corporate world.
CSR is one of most important parts of every company. Acting as socially responsible is must for winning the race of competition. In this report, in the 1st part I tried to show a brief about CSR, its history and how people respond towards CSR. Then I have chosen Unilever, a famous FMCG company for the analysis. Then I tried to find out the CSR activities of Unilever all over the world, its corporate strategy and the contribution of CSR activities to corporate strategy. In the last part a SWOT analysis and some recommendations are given for more clarifications. I hope that this report will be able to give a clear view about CSR and its contribution to corporate strategy.
For many years, Amazon has been held as a gold standard of product distribution. They are highly efficient at providing quality products to their customers. According to Amazon, they are able to do so ethically. However, their history has not been without controversy. Most recently, the New York Times released a report that called treatment of their employees unethical (Kantor and Streitfeld). The purpose of this paper is to determine which of the four ethical theories Amazon would claim to be using as a guide to their social responsibility practices. I will begin with a brief description of Amazon and its company values, and an explanation of each ethical theory. Then, I will use Amazon as a case study for these theories. The last question I will address is whether Amazon’s practices are sustainable over time.
While the concept of an individual having responsibility is commonly recognized, modern views have lead to the emerging issue of corporate responsibility. Business Directory.com defines corporate social responsibility as, “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates. Companies express this citizenship (1) through their waste and pollution reduction processes, (2) by contributing educational and social programs, and (3) by earning adequate returns on the employed resources.” But such a concept has been much disputed since at least the 1970’s.
Subpoint A: Not long ago, a documentary film called “An Inconvenient truth” came out in 2006. This film raised international public awareness of climate change and reenergizing the environmental movement. A former U.S Vice president Al Gore campaigned to educate citizens about global warming through a simp...
In the current time of growth and progression, individuals should know that how a business not only flourish but sustain itself. Making profit is one of the main targets of every corporates but it must not be the only one. When an individual builds a company in order to do business, they should be well aware of their contribution towards the society as well as their business and employees in it. It is total strategy of all. We should be able to realize every increment contributes of it. One of the major factors that affect a business is how well it participates in Corporate Social Responsibility. According to (Werther & Chandler, 2006) corporate social responsibility (CSR) refers to a business practice that involves participating in initiatives that benefits the society. In authenticity, there is a whole lot to argue about it. There are no major guidelines that decides either a business is participating in Corporate Social Responsibility; what might be considered a Business practicing CSR to some, can still not be accepted for it by others. CSR may be restrained a term which his highly flexible. This paper will discuss about Corporate Social Responsibility and its
Corporate Social Responsibility is an organisation’s obligation to serve the company’s own interest and the one’s of the society. Moreover, Corporate Social Responsibility has a definition of a concept where the companies integrate social and the environmental concerns into their own business operation and also on a basis of voluntary with their interactions they have with the stakeholders. Corporate Social Resp...