Supply Chain Accountability
As a result of many d...
... middle of paper ...
...hile recognizing limitations on labor hours and increased spending on compliance audits (Chandler & Werther, 2014). Yet, as Foxconn continues to sustain their global leadership and Apple’s profits remain unaffected, the disadvantages associated with the incidents at Foxconn have not transcended the outcomes. From a profit standpoint, the increase in spending and subsequent alterations of labor methods serve as the biggest disadvantage to each company’s bottom line. However, after both companies attempted to negate blame, their ensuing developments indicate assuming responsibility was the best avenue to recoup reputation issues and focus on long-term growth. Therefore, the greatest advantage for both companies was their heightened reputation resulting from increased transparency and the employment of business models focused on the welfare of all supply chain members.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Enterprises lay high emphasis on corporate social responsibility instead of being profitable tools. It is essential for all the enterprises to focus on corporate social responsibility which can help the organization creates long-term sustainability for corporate success. More specifically, corporate social responsibility can be referred as a process which is aim to embrace responsibility for the organization’s actions. Moreover, it can have a benefit to the people who are regarded as stakeholders, like employees, consumers and communities, which is based on its activities.... [tags: Corporate social responsibility]
1485 words (4.2 pages)
- Corporate Social Responsibility (CSR) in the modern day has risen to become a key component of many corporate organisations key positioning strategies. The programs are often run voluntary in order to make a positive contribution to the social and physical environment in which we live in today. This essay will entail the theory behind this phenomenon of Corporate Social Responsibility and how this can generate forms of Corporate Social Irresponsibility. The essay will detail how CSR has become a sham through features such as marketing agents, dishonesty, optional programs and Wilton Friedman’s theories.... [tags: Corporate social responsibility]
922 words (2.6 pages)
- Introduction An Organization’s Corporate Social Responsibility (CSR) should promote ethical and social standards throughout its overall mission. There will be a summary of the Folole Muliaga case. There will be an assessment of the consequences for the victim, Folole Muliaga and the actions of Mercury Energy, the energy company that disconnected Folole’s electricity. This paper will also present a discussion of the reforms and guidelines adopted as a result of this tragedy and the importance supported by the research.... [tags: Corporate social responsibility]
1156 words (3.3 pages)
- Corporate social responsibility is essentially a concept whereby the voluntary decision of the company in order to contribute to a better society and a cleaner environment. Corporate social responsibility by contributions by the company, through its operational activities and its social investment to the community. This is the concept of sustainable development to connect to the corporate level. In the past year a growing number of companies around the world began as clients, citizens and investors expect them to adopt sustainable and responsible for promoting their corporate social responsibility strategy.... [tags: Social responsibility]
728 words (2.1 pages)
- a) Introduction: This part of analysis is aimed to illustrate several merits and shortcomings of global accounting standards and discusses whether it should be undertaken or not. Arguments for: On the one hand, the global standards may bring about some merits. For some transnational companies, using this kind of standard may contribute to the decrease of cost, like the cost of producing reports and collecting information, handling the misunderstanding and auditing accounts. Furthermore, by applying the global accounting standards, the relevant staffs, auditors would be clearer about the accounting regulations instead of being puzzled to make comparisons with the other companies.... [tags: Corporation, Corporate social responsibility, BP]
1444 words (4.1 pages)
- 1.0 BACKGROUND TO THIS RESEARCH Corporate Social Responsibility has increasingly become an important and integral part of the decision making of management and operations of corporations especially in the more developed economies in the world (Follows and Jobber, 1999).This owes largely to corporate scandals that continuously surfaced in various multinational companies. A few examples are the 2008 chinese milk scandal in the consumer food industry where 6 children died and 300,000 others fell ill, the Nike sweatshop scandal where human and working conditions were well below acceptable standards.... [tags: Corporate social responsibility]
1388 words (4 pages)
- As indicated by Crespo, M, et al (2005, p.1), client steadfastness and valuation for diverse administrations business is vigorously impacted by the Corporate Social Responsibility. It was observed that the CSR had much impact on shopper conduct. This was carried out by recognizing the different measurements of social obligation from the point of view of buyers and the force of each one measurement in the general development of social obligation. It is, then again, less demanding for purchasers or clients to store and get data in regards to the social obligation of an organization.... [tags: Corporate social responsibility]
2968 words (8.5 pages)
- Corporate Social Responsibility (CSR) is a business approach which has increasingly become recognized as a reflection of companies’ values and ethical standards, especially within the international community. This is especially significant as Multinational Corporations (MNCs) continue to increase in number in order to maintain competitiveness within their respective markets. Since the 1960’s, the number of MNCs has increased in number from 7,000, to 80,000 in 2006, as reported by the United Nations Conference on Trade and Development (UNCTAD).... [tags: Corporate social responsibility]
1528 words (4.4 pages)
- Citigroup Corporate Social Responsibility Evaluation Corporate social responsibility has become a hot term in the past few years as corporations have become larger and even more powerful. Watch-dog organizations have been formed to monitor the actions of corporations and report “rogue” companies who do not mean their standards for being socially responsible. Recently, many companies have started to issue corporate social responsibility reports along with their annual reports. Citigroup, a financial services firm is one of these companies.... [tags: Social Responsibility Essays]
1343 words (3.8 pages)
- A report outlining corporate social responsibility and it application by Circle Club Manchester. CONTENTS Page 3 – Summary Page 4 – Introduction Page 5 – Main findings Page 7 – Analyses Page 8 – Conclusion Page 9 – Recommendations Page 10 – Bibliography SUMMARY This report looks in to the subject of corporate social responsibility and focuses into a specific part of the subject. This report practically homes in on the recycling and waste management issues. The business this report is looking in to is the VIP venue of the circle Club in Manchester situated in the Barton arcade.... [tags: Social Responsibility Essays]
1499 words (4.3 pages)