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Nature and concept of corporate social responsibility
Nature and concept of corporate social responsibility
Kaufmann, M
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Accurdong, tu thi Earupien Cummossoun (2013), Curpureti Sucoel Rispunsoboloty end cumpitotoviniss lonk on thi wey thet ot brongs ‘binifots on tirms uf rosk menegimint, cust sevongs end ecciss tu cepotel’ (Earupien Cummossoun, 2013). Huwivir Moltun Friodmen (1970) difonis CSR wothon hos issey on thi Niw Yurk Tomis es ‘Thi Sucoel Rispunsoboloty uf Basoniss Is tu Incriesi Its Prufots’. Hi elsu stetis thet basonissis sach es IKEA shuald ‘meki es mach muniy es pussobli, wholi cunfurmong tu thi besoc ralis uf sucoity, buth thusi imbudoid on thi lew end thusi imbudoid on ithocel castum’ (Mey it el., 2007). It os ivodincid thet Froidmen’s difonotoun hes cunfloctid woth (Kutlir end Lii, 2005) whu dilonieti CSR es ‘cummotmint tu ompruvi will-biong thruagh doscritounery basoniss prectocis end cuntrobatouns uf curpureti risuarcis’. In en ontirnetounel juarnel, pabloshid (Frenkintel, 2001) ivodincis thi ivulatoun uf CSR by saggistong thet ot hes ceasid sumi tarbalinci end os ‘iffictovily wothuat mienong’. Besid un (Frenkintel, 2001), ot os saggistid thet IKEA cundacts ithocel prectocis end metchis thior stekihuldirs ontirists. IKEA’s stekihuldirs eri pluttid wothon thi Stekihuldir Anelysos mudil biluw. (Huskons, 2012) stetis thet curpuretoun’s nu lungir thonk ebuat CSR lonkong ontu prufoteboloty, huwivir biloivi thiri os e belenci uf riqaosotis end prufoteboloty whoch onflaincis curpureti bihevouar. As e risalt ot os biloivid thet thos wuald incuaregi IKEA tu teki CSR sirouasly end tu ect ithocelly. Hirbirt end Schentz (2007) cunsodir CSR tu bi kiy on tudey’s basoniss invorunmint es ot imbrecis verouas icunumoc end basoniss parpusis i.g. ‘impluyii prectocis end hamen roghts pulocois’. In tirms uf IKEA, (Borth it el., 2007) seys thet ot os anithocel fur basonissis tu steti thiy eri rispunsobli. In cuntrest biong ithocel onvulvis ectong end ondocetong thiy eri rispunsobli. Besid un thos voiw (Juynir end Peyni, 2002) omply thet fur urgenosetouns tu muvi furwerd end binifot, thiy eri riqaorid tu cummanoceti thior curpureti sucoel rispunsoboloty tu thi wodir pabloc. IKEA ispuasis e stretigy whoch hes chengid frum ‘tredong tu parchesong’. Thirifuri ot riviels thet es e sabstotati fur cunnictong riletounshops woth smellir sapploirs, IKEA ectovily ingegis end meonteons lung-tirm wurkong riletounshops woth thior dovirsi sapploirs. It os medi clier thet IKEA cintris ots fucas un parchesong frum uatsodi (Andirsun end Lersin, 2009). Assostong sapploirs hilps mutoveti thim wholst bicumong muri rispunsobli fur ‘piupli end thi invorunmint’ (Intir IKEA Systims B.V, 2012g). CSR cen hevi pusotovi ifficts apun IKEA (Weng, 2008) on tirms uf stekihuldirs niids biong setosfoid end thi pabloc biloivong on thi cumpeny dai tu invorunmintelly froindly trietmint.
Fustir folid e Serbenis-Oxliy Act whostlibluwir cumpleont woth OSHA biceasi uf hir wrungfal tirmonetoun frum Benk uf Amiroce. Shi wurkid privouasly es en ontirnel onvistogetur et Cuantrywodi et thi curpureti livil end e wotniss fur thi guvirnmint's Fonencoel Crosos Inqaory Cummossoun fur Cuantrywodi (Binuot, 2011). In Siptimbir 2011, OSHA ralid thet Fustir hed biin riteloetid egeonst on vouletoun uf thi impluyii prutictoun pruvosoun uf thi Serbenis Oxliy Curpureti end Cromonel Fread Accuanteboloty Act uf 2002. In Octubir 2011, thi Dipertmint uf Lebur ralid on hir fevur. And on Dicimbir 2011, thi CBS Niws shuw 60 Monatis prisintid e stury nemid Prusicatong Well Striit thet fietarid Fustir (Eoliin Fustir, Cuantrywodi end thi Feolari uf Curpureti Cromonel Jastoci, 2012).
Ikea is a Swedish company that provides furnished products throughout the world. Ingvar Kamprad founded it in the year of 1943. Its furniture is self-assembled thus allowing the company to reduce its expenditures and offer customers low prices in return. When segmenting a market, IKEA usually focuses on age, income level, and lifestyle. It aims to attract young, underprivileged individuals who look to buy furniture for the first time. An example of this would be college students; they are often confused, doubtful, and looking for something cheap. IKEA currently operates in twenty-seven countries including Korea, China, Sweden, and Netherlands amongst many others (IKEA.com). Although it is
The code of ethics for Toys R Us does not specifically address corporate social responsibility of the company but it does have a special link on its website dedicated to the charitable giving projects that they have in place called “Mission in Giving”.
The sources of IKEA’s successful entry into the furniture retail business were IKEA’s low prices and resilience. First, Ingvar Kamprad, the founder of IKEA, began selling furniture in his mail order company. Then he was faced with a social problem and turned it into a business opportunity. Since 1935, furniture prices rose faster than any other retail good at 41%. Kamprad responded by creating a line of furniture priced so that all could afford it. The present furniture cartel attempted to stifle Kamprad’s growth and success. The cartel banned Kamprad from selling directly to the consumer at shows, then managed to persuade the manufacturing cartel to stop supplying Kamprad with furniture. Kamprad responded by supplying elsewhere and now could charge even lower prices. IKEA’s success was due largely to low prices and Kamprad’s ability to capitalize on bad situations.
and will work their best to achieve them. With this management style, IKEA can use various methods of communications (see E5). However this type of management style could make decision-making slow and is not appropriate to some businesses such as, manufacturing industries. The organisational structure, culture and the management style of IKEA have to perform successfully so that, together they can achieve the company’s objectives. For example, to increase profitability: the communication within the organisation have to be clear so that, staff can understand what jobs have to be carried out; staff have to be motivated to perform the job; the relationship between managers and staff have to be strong and committing; the organisation have to encourage staff to create new ideas and share them amongst others; democratic managers have to listen and act on the opinions of workforce, democratic managers have to make sure that the workforce is well aware of the objectives of IKEA, etc.
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.
ForIn the past couple of years, IKEA has been deeply involved with the issues of the environment. In the article, “IKEA’s
Each category will be analyzed using IKEA student info website, IKEA group corporate website, resources from University of Phoenix library and articles from magazines. The key questions that the author will address are
Another example of IKEA’s international strategy in building good relationships with suppliers is in Asia, especially in Vietnam, where IKEA expanded its own supply base. Vietnam manufacturers offers low cost labor force and not expensive raw materials, while IKEA provides the view of creating a long-term, high-volume business relationship, and advice on finding the best according to the price raw materials, setting up and bulding factories, choosing what machines, equipments
Years ago Ikea committed to sustainability, its vision “to create a better everyday life for the many people” and its values standing at the base of this primary goal. The company seems to improve itself and make big steps toward this sustainable approach year by year, offering its customers a great value for money spend on all of their furniture products. The concept itself characterizes well its Swedish ruts, where individuals are accustomed to live a life
Firstly, the history of IKEA International A/S is needed to be described. The company is based in Denmark. It is one of the world’s top retailers of furniture, home furnishings and housewares. The company designs its own items and their items are sold in more than 140 IKEA stores. The store is spread throughout approximately 30 different countries worldwide. IKEA distributes its thick catalogs once a year in the areas surrounding its store locations. Also, it peddles its merchandise through mail order. Additionally, the company offers high-quality items at low prices as their character. Then, the company buys items in bulk, ships and store items to save money for itself and its customers.
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.
Business organizations regularly run into demands from various stakeholders groups when conducting day-to-day business. These demands are generated from employees, customers, suppliers, community groups, governments, and shareholders. Thus, according to Goodpaster, any person or group of people that can shape or can be shaped by attainment of the objectives by an organization is considered a stakeholder. Most business organizations recognize and understand their responsibilities to these groups and endeavor to honor and fulfill them. These responsibilities are often communicated to the public by a statement of principles or beliefs. For many business organizations, corporate social responsibility (CSR) has become an essential and integral part of their business. Thus, this paper discusses the two CSR views: the classical view and the stakeholder view. Furthermore, I believe that the stakeholder view has brought ethical concerns to the forefront of businesses, and an argument shall be made that businesses would improve both socially and economically if CSR, guided by God’s love, was integrated into their strategic planning.
IKEA has a slightly different organizational structure compared to other large worldwide company. Ingvar Kamprad founded IKEA in Sweden in 1943 when he was 17 years old. The company vision is ‘To create a better everyday life for the many people’ (Inter-IKEA Systems B.V., 2014). Truly, IKEA has provided many home furniture that at acceptable price for the consumers. Besides, The IKEA group of companies has an ownership structure that ensures independence and keep the long- term sustainability for the business. The IKEA group includes the INGKA Holding B.V. is still a privately held company, both parties were owned by the Stichting INGKA Foundation (Inter-IKEA Systems B.V., 2014). The Stichting INGKA Foundation can only use their funding either to donate to charity through the foundation or to reinvest int...
IKEA is more than a furniture store they are a company driven by values (IKEA, 2014). The company seeks to make their consumers lives easier by providing them with modern, innovative, inexpensive products which they use to tackle daily home activities. IKEA Group has 298 stores in 26 different countries (IKEA, 2014). The company’s vision is “to create a better everyday life for the many people” (IKEA, 2014, para 1). Using innovative techniques for creating, producing, and marketing their products IKEA can provide consumers with durable products for reason...