SYMBIOSIS CENTRE FOR MANAGEMENT STUDIES, PUNE Corporate Social Responsibilty Suzlon group 12/30/2013 Abhik Khosla Aman Singhal Harshvardhan Dhandhania Aashay Shah Shubham INTRODUCTION The suzlon group is indias largest wind energy company. It offers products and services that cover the entire value chain with regards to wind energy generation. It was founded in the year 1995 by Mr. Tulsi Tanti. Tanti was already an industrialist. He was in the textile business in the state of Gujarat. This industry faced a number of problems due to power shortages. Tanti was inspired to use wind energy for his plant. This moved proved very successful, but he realised 2 things. Firstly, he faced many problems in setting up the wind mills due to lack of support from the selling company. Secondly, he realised a great potential market in the energy starved industries of the country. This led him to form the company in 1995. He eventually sold off his textile business. Today, Suzlon is one of the largest global players in the wind industry. It is the pioneer and market leader in India and has spread its footprint across the world. Suzlon also recently acquired a German company, RE Power which increased their strength and position as a global power. The Suzlon Group endorsed the CSR Mission in December, 2007 and launched Suzlon Foundation. Suzlon Group of Companies launched Suzlon Foundation to lead Corporate Social Responsibility initiatives. For “Powering a Greener Tomorrow”, Suzlon is committed to Sustainable Development. Suzlon Foundation is registered under Section 25 of the Companies Act. The mission of Suzlon Foundation consists of carrying out ethical business practices, they want the communities to go grow to their true potential.... ... middle of paper ... ...ies are powerhouses with lots of resources at their disposal. Being such influential and affluent members of society, their contribution should be greater. Suzlon is an organisation that transcends the normal. Their business model is one that in itself helps provide the world a chance for a better sustainable energy efficient future. They create clean wind power that helps create a path for sustainable energy security in the future. Even so, Suzlon has gone one step further. They have not only established a CSR program but have created an effective and conscientious effort at helping forge a stronger society. They have created a respectable body that is renowned for its efforts in terms of CSR activities. Suzlon is an example of a corporate organisation that works for itself, and also works for the society. It defines how a company should pay its due to the society.
Actively listening- ( 3:42) (4:26) There were a couple instances where Travis seems distracted in the call and misses key information the client provides, resulting in the client repeating himself. We should remain focused and engaged in our call to guide the client through the process and acknowledge all info stated by the client.
21). Corporate social responsibility (CSR) directly corresponds to one’s organizational culture and the voluntary implementation of these beliefs, expectations and values. It goes hand in hand with their organizational reputability, especially if society benefits from them operating in an economic, social and environmentally sustainable manner (Global Affairs Canada, 2016). Two companies that demonstrate this initiative mindset are Tentree and Nike, yet they execute in completely different manners. On the organizational spectrum Tentree falls under the Social Venture category, meaning they are for-profit but also on focus on issues regarding social equity and environmental sustainability. Their social responsibility initiative is to plant ten trees for every item purchased by individuals on their website, or from retail vendors (Tentree, n.d., para. 1). Nike is categorized under being a Social Purpose Business because it achieves its desired social impact as well as continuous profit (Jones, George, & Haddad, 2016, p. 4). Nike’s social responsibility initiative is to transform production development and manufacturing to overall minimize the company 's environmental footprint (Nike,
Corporate social responsibility (CSR) invaded the corporate world over the last few decades. This concept has become an essential need for competitive advantage unlike its original role as a nicety. The companies have seen the business benefit of the initiative and stakeholders have appreciated the initiative. This has led to the wide application in the firm’s operational agenda.
Sainsbury’s entered a joint venture with British Home Stores in 1971 to create hypermarket style stores under the brand SavaCentre. These stores reverted to the standard Sainsbury’s brand and superstore format in 1999.
SWOT analysis is a necessary tool for business that allows corporations to analyze where their strengths, weaknesses, opportunities and threats lie. The SWOT tool contains paramount information about the industry and helps the executives of the business make decisions that are necessary for the business’s survival and success.
The SWOT analysis (abbreviation for Strengths, Weaknesses, Opportunities and Threats) is an essential tool in marketing for understanding and supporting decision-making in all kinds of situations in business and organisations. In brief, it provides an accurate context for studying strategies, positions and directions of a company proposition. It is used mainly for business planning, competitor evaluation, marketing, business and product development and research reports. SWOT analysis is also a widely recognised method for gathering, structuring, presenting and reviewing extensive planning data within a larger business or project planning process. (Chapman, 2014)
The need for alternative energy is a pressing issue for countries all over the world. One of the solutions this for problem is wind power, which has been in use for many thousands years. “About 5000 years ago, the ancient Egyptians used wind to sail ships on the Nile River. Later, people built windmill to grind wheat and other grains. American colonists used windmill to pump water, and cut wood at sawmill. In 1920s, they started to use it to generate electricity.” (Renewable energy trends, 2005).
Corporate Social Responsibility (CSR) is about how companies manage their business processes to produce a positive impact on society. Companies introduce new products in markets, usually after testing concludes that the product is safe for use or consumption. It is nearly impossible for a company to truly know all of the potential risks a brand new product may have, even after thorough testing. However, once a company receives reports that its product may be causing harm to consumers, it is their responsibility to conduct more research and tests to rule-out any possible truth in the reports. This is what a socially responsible company would do, one who is preoccupied not only with their bottom-line, but one that is also worried about its customers.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
test whatever it's a bad effect or not. So when it used on humans, we
The company should make sure that they invest heavily on products that are unique and that pose greater opportunities to double in terms of sales, including the tablets. In addition, it should make sure that it maximizing the areas such as China that have proven to be beneficial in terms of sales (Luo, 2001). In neutralizing the threats, the company should work on producing unique products, that are highly effective and affordable.
As the wind energy industry continues to grow, it will provide many job opportunities for workers and job seekers. These careers will extend beyond just the wind farm. To build and operate a wind turbine, it will take the efforts of many workers. The workers will be in factories and offices. There are construction employees, electricians, engineers, operators, gearbox makers and bla...
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...
Fiber optics is a new technology that uses rays of light instead of electricity to transmit information over optical fibers at very high speeds. The optical fibers are usually thin strands of glass that are combined into cables and used to send information and computer data in the form of pulses of light. The optical fibers provide much clearer transmission than conventional copper cable and satellite links. The world market for optical fiber continues to grow rapidly, with shipments increasing 14 percent from an estimated 7.0 million kilometers of fiber in 1990 to approximately 8.0 million in 1991. The demand for multimode fiber is predicted to continue to expand through the mid-1990s, with some market analysts indicating that 15 to 20 percent annual growth over the next three years is reasonable. Strong demand is expected for singlemode and multimode fiber to be used in cables for local area networks, telecommunications, cable television (CATV), and transoceanic fiber-optic systems.
Deal, W. (n.d.). Wind power: An emerging energy resource.Technology & Engineering Teacher, 70(1), 9-15. Retrieved from http://web.b.ebscohost.com/ehost/detail?sid=a747d6c4-9f9f-4066-be3e-d7d26a427ef2@sessionmgr115&vid=1&hid=114&bdata=JkF1dGhUeXBlPWNvb2tpZSxpcCxjcGlkJmN1c3RpZD1zc2Mmc2l0ZT1laG9zdC1saXZlJnNjb3BlPXNpdGU=