...Social responsibility and ethics is an important issue. There are various reasons for a company to conduct business in and ethical and social manner. In the wake of scandals such as Enron it is important companies make an effort to become more responsible. This report will provide a strategy to help Company X Financial Service become socially responsible. A1. Environmental considerations and recommendations A successful company goes further than just meeting the standards mandated by law. A socially responsible organization should be aware of the effects that follow their decision making. Social responsibility is an ethical theory that an entity, be it an organization or individual, has an obligation to act to benefit society at large. Social responsibility is a duty every individual or organization has to perform so as to maintain a balance between the economy and the ecosystem (Wikipedia, 2013). There are various ways Company X can become environmentally responsible. Company X could utilize their local energy vendor by having them construct an energy audit of their location. Many companies are utilizing such services to save money but this also helps the environment. By utilizing led lighting instead of normal lighting energy costs are reduced and waste is minimized. Most led lighting components are rated at a life of 10 years. The upfront costs will be high but the upgrades will save on utility bills and maintenance. The company could start an internal recycling program...
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...Introduction The days when businesses both large and small only think about their own interest are diminishing. In today’s business environment, many companies understand how society can affect the reputation, and profitability of the business. It is important to have an effective strategy that embraces a top-down approach to being proactive to environmental, compliance, and social issues in their business operations. In terms of XYZ Bank, the enterprise has a solid social responsibility strategy, but senior leadership should consider certain improvements in the areas of the planet, people, and profitability. Prompt A1 The banking industry is highly regulated, so banks have to be creative on how its products and practices effect the environment. XYZ Bank continuously looks for ways to improve upon how they serve their customers, while limiting their impact on the environment. One specific initiative that the bank shows their commitment to reducing pollution is through lending towards hybrid and electric vehicles for consumers [ (Bank of America Corporation, 2013) ]. While this helps in the efforts to help our customers and the environment, there is more we can do to show our dedication to reducing the number of gas driven vehicles. The United States Department of Energy mentions that driving range and recharge time are among the drawbacks in for electric vehicles [ (U.S. Department of Energy, 2014) ]. It is the recommendation that XYZ Bank invest in the infrastructure...
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...JJT2 Task Overview General Suggestions Think in terms of 3—have at least three for each section—meaning discuss three types of regulatory or leadership issues, etc. The strategy you develop should include a focus on environmental considerations, financially viable business practices, ethical decision making on the part of the leadership who will implement your plan, and should also be in compliance with all government regulations that affect the industry. For each of the four sections areas below you want to describe the current way the company operates and make recommendations for socially responsible actions. Also, you can recommend a new direction for the company. Make sure with each item you not only name the consideration, but also that you explain your recommendation. What are some potential examples that illustrate this component? Think about both simple and complex possibilities. Environmental Considerations & Recommendations Does your business look at all of the impact a product can have on the environment? Pollution prevention? Recycling? Conservation initiatives? Why type of technology does your business use – does it have an environmental impact? In your learning resources: Chapter 3 ("Corporate Social Responsibility") Chapter 18 ("The Community and the Corporation") Chapter 10 ("Ecology and Sustainable Development in Global Business") Chapter 11 ("Managing Environmental Issues") www.epa.gov MindEdge Module 2 Ethical Leadership Considerations...
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...Leading & managing individuals JJT TASK 1 TABLE OF CONTENTS Summary Report: ¬ Introduction ¬ SectionA1. Environmental Considerations and Recommendations ¬ SectionA2. Ethical Leadership Considerations and Recommendations ¬ SectionA3. Organizational Viability and Recommendations ¬ SectionA4. Legal Considerations and Recommendations ¬ Section B. Sources Introduction: Corporate Social Responsibility (CSR) is the commitment of business to contribute to sustainable economic development, working with employees, their families, the local community and society at large to improve their quality of life. Companies that embrace corporate social responsibility look after people and the environment along with good financial results. These companies do not wait until the government imposes particular rule or laws. They look ahead and determine for themselves which environmental and social measures they are able or willing to take. They choose those measures which fit in with their own vision and business strategy. But they also take account of what the outside world asks of them. They developed an identity that is based on finding a responsible balance between people ‘social well-being’, planet ‘ecological quality’and profit ’economic prosperity’(Epstein, 2008). Although every company must consider for itself how best to incorporate social responsibility into its business model, it may be instructive to look at one company’s efforts to incorporate...
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...Magnificent Microprocessors, MultiMedia Software & MicroLaser Printers (4M) Magnificent Microprocessors, MultiMedia Software & MicroLaser Printers (4M) Magnificent Microprocessors, MultiMedia Software & MicroLaser Printers (4M) 10425 I-75North Dallas, TX 75243 214-758-2500 214-758-2501 12/16/2012 Magnificent Microprocessors, MultiMedia Software & MicroLaser Printers (4M) 10425 I-75North Dallas, TX 75243 214-758-2500 214-758-2501 12/16/2012 Magnificent Microprocessors, MultiMedia Software & MicroLaser Printers (4M) is a computer manufacturing company and retailer located in Dallas, TX. The company sells microprocessors, printers and supplies. Magnificent Microprocessors, MultiMedia Software & MicroLaser Printers (4M) is a computer manufacturing company and retailer located in Dallas, TX. The company sells microprocessors, printers and supplies. Magnificent Microprocessors, MultiMedia Software & MicroLaser Printers (4M) is a computer manufacturing company and retailer located in Dallas, TX. The company sells microprocessors, printers and supplies. 4M has 200 employees which include 35 administrative personnel, 55 repair technicians, 60 sales & csr, 40 shipping & warehouse personnel, 10 janitorial. A. Develop a social responsibility strategy for your chosen client which includes the following components: 1. Environmental considerations and recommendations Since 4M manufacturers and sells...
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...JJT2 Social Responsibility Company X Tax Services is a part time small home operated business with one employee who is the owner/operator. It provides tax preparation and filing to individuals, sole proprietorships, partnerships, and s-corporations. Company X Tax Services has been in business since 1996. There has never been a sustainability strategy save for 100% adherence to tax laws. (A1) Good company citizenship goes beyond simply meeting the letter of the law. A socially responsible company should be aware of the effects its decision-making has on the community around it. This is illustrated in part “A” of the unanimously adopted policies of the Economic and Social Commission for Asia and the Pacific (ESCAP) Virtual Conference, the Regional Expert Group Meeting on Integrated Environmental Considerations into Economic Policy Making Processes, Bangkok, 20-24 July 1998. A. “The need and benefits of integrating environmental considerations into economic policy making processes: 1. Both economic development and protection of the environment are critical for sustainable development. The environment is not an isolated concern but cuts across all sectors. Also economic policies impact at multiple levels and across sectors. Therefore there is a strong need to merge/integrate environmental concerns into economic decision making processes in order to provide a more rational basis for decisions. 2. Such integration facilitates a holistic view on critical issues. It enables...
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...Social Responsibility The basis of social responsibility is corporate commitment to the development and adherence to business processes that produce a positive impact on society. This impact should benefit not only their individual employees, but all shareholders within the global environment. Corporate Social Responsibility is analogous to Corporate Citizenship, which is defined as “The extent to which businesses are socially responsible for meeting legal, ethical and economic responsibilities place on them by shareholders.” Investopedia explains, “The aim is for businesses to create higher standards of living and quality of life in the communities in which they operate, while still preserving profitability for stakeholders.” (Investopedia, 2014) In today’s market, there are numerous applications of individual acts that define a Corporate Citizen and reflect positively and negatively on how a corporation is perceived. A corporation’s Social Responsibility level can be beneficial or detrimental to the sustained profitability and growth of the corporation. When corporations fail to acknowledge their own need for social responsibility, profitability and growth suffer. Implementation of socially responsible business practices and strategies show that a corporation is focused on helping and improving society and the environment. This social responsibility serves to increase profits and good will of shareholders in the long run. Corporate Social Responsibility (CSR)...
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...CORPORATE SOCIAL RESPONSIBILITY Social Responsibility Definition and Motivation Corporate Social Responsibility (CRS) can still be a controversial topic. CRS is a commitment made by a corporation to develop and adhere to policies that are socially responsible in areas of work, community welfare, ecology, human rights, and family life. Today’s businesses realize an ingredient in being successful is through respect and confidence of their customers. A company can obtain respect and confidence through being socially responsible. Through social responsibility corporations manage their business processes to produce a positive impact on society. The growth of easing problems in society such as; child abuse, hunger in America, homelessness, gun violence, and equality in human rights has grown. Corporations can gain loyal customers through corporate social responsibility and giving back to society and the communities that they serve. Commitment of the company can be defined by its employees, the company’s treatment of the environment and community in which it is located. Today’s society is concerned with the global environment which puts pressure on today’s businesses to participate in being socially responsible. When a company or corporation does not contribute to the society that they serve and/or not environmentally conscientious, that company or corporation may experience loss of product loyalty and possible consumer boycotts. In today’s business world nationally...
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...Social Responsibility Strategy for Ladybug Lawn Care LLC Ladybug Lawn Care is a small landscaping company located in Tucson, Arizona. The company is owned by David and Carol Smith; they employ 6 full time people and at least 4 part-time seasonal employees. David does the designing, Carol does the bookkeeping for the business, and they both work in the field with the employees. Ladybug Lawn Care not only maintains existing landscaping but remodels and designs new gardens for its customers. Because the company is located in Southeastern Arizona, they specialize in desert landscaping or Xeriscaping. They also provide their customers full service landscaping options including tropical, green lawns, ponds and fountains. They subcontract jobs beyond their scope such as pools, gazebos, patio, fencing, and gates, to businesses that have the same ethical and environmental beliefs. Environmental Considerations “The environmental dimension of corporate social responsibility refers to business’s impact on the environment. The goal, as a socially responsible company, is to engage in business practices that benefit the environment.” [ (Smith, 2012) ] The area in which the company is located is considered high desert; consequently the region is often in a state of drought. Ladybug owners and staff have made the effort to become knowledgeable in the use of Xeriscaping. Xeriscaping is a term trademarked by the water department of Denver, Colorado (Denver Water). “Xeriscaping...
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...JJT2 Social Responsibility Western Governors University Social Responsibility Corporate Social Responsibility Business and Society: Stakeholders, Ethics, and Public Policy (Lawrence & Weber, 2011) defines corporate social responsibility (CSR) as the way a company acts that enhances society and its inhabitants and is held accountable for its actions that affect people, their communities and their environment. Many companies now track their CSR score through the use of rating organizations and customer surveys, and publish the results in their annual reports. They recognize their investors and customers want to understand how companies are taking environmentally responsible actions. Sunfun Company Sunfun (name has been changed) is a global provider of renewable energy solutions. It has two distinct lines of business. One is as a manufacturer of solar panels. The other is as an engineering, procurement and construction (EPC) company to build utility scale, ground mounted solar power generating plants. From its website (sunfun.com), its mission statement “is to create enduring value by enabling a world powered by clean, affordable solar electricity.” Its value proposition is to “offer an eco-efficient energy solution that provides more solar electricity, at a lower cost, and with the smallest environment impacts per kWh.” Environmental Considerations and Recommendations As a renewable energy company Sunfun has an obligation and financial incentive to operate in an environmentally...
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...Environmental Considerations and Recommendations Company X does not currently have any environmental initiatives. A few initiatives that would benefit the organization and be socially responsible would include going paperless, turning off the computers at night, and a telecommuting option. Each one of these can help protect the environment by reducing pollution in one manner or another. These are all small changes that could have a big impact. With a company size approaching 150 employees, we can generate quite a bit of pollution just in our day to day activities without knowing we did so. Going paperless has some specifics at Company X that make it attractive. The organization is already recycling as much paper as it can within the office, but that only goes so far. If Company X could reduce the amount of paper it uses it reduce the amount of trees being cut down and the pollution put off during the recycling process. Company X fills up 4 – 26 Gallon Recycle bins per month with paper and we shred another 4 - 30 gallon bins, I am assuming the bins being shredded are also being recycled. Much of the paper Company X is using can easily be turned into online assets that require no paper. The organization has invoices coming in and it sends invoices out. It could utilize the electronic invoicing with in the CRM to handle these invoices. This would also benefit the customers, as invoices would not get lost in the mail. The employee expense reports, which average three pages...
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...1 For more than 100 years, Genesis Industries (GI) has been guided by a simple belief ‐‐ do the right thing for the employees, the communities, and the customers. The Share Serve Sustain initiative is a conservation and community program that can be built on that legacy. The initiative will focus on the company's social responsibility in three critical areas: empowering communities and individuals, preserving the environment and promoting change for a sustainable future. Genesis relies on core principles to guide the conduct in all corporate affairs, including how the company gathers and shares information, how the public is served and how it relates to the government on all levels. In the 21st century companies must recognize the importance of sharing their commitment to businesses and communities. Genesis Industries is dedicated to doing the best work in the areas of communications and media and plans to continue working hard for others. It’s how the business thrives, communities grow and partnerships prosper. This isn’t just “corporate responsibility” — it’s ingrained in the company’s culture and values. 2 Genesis’ social responsibility strategy for people addresses ethical leadership considerations and will be rooted in company values, which includes the commitment to helping shape a better world. Genesis Industries should embraces the idea of doing the right thing during daily activities of building the business, serving communities and interacting with others...
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...Performance Assessments: Estimated weeks to complete Social Responsibility (JJT2) Activities at a Glance 1 4 WEEK 1 Ethics Reading Read the following chapters in Business and Society: Stakeholders, Ethics, Public Policy: chapter 4 ("Ethics and Ethical Reasoning") chapter 5 ("Organizational Ethics and the Law") After reading the assigned chapters in your e-text go to the publisher companion site to review key terms and to take the interactive quizzes for the assigned chapters. Overview of Leadership Ethics Access MindEdge and complete the following module. Compare your work to the feedback provided. Module 1: Leadership Ethics If you want additional information to supplement your learning, please review the following SkillSoft resource: Business Ethics for Managers WEEK 2 Overview of Sustainable Management Read the following chapter in Business and Society: Stakeholders, Ethics, Public Policy: chapter 10 ("Ecology and Sustainable Development in Global Business") chapter 11 ("Managing Environmental Issues") After reading the assigned chapters in your e-text go to the publisher companion site to review key terms and to take the interactive quizzes for the assigned chapters. Sustainable Management Review Visit this website for additional information: www.epa.gov Access MindEdge and complete the following module. Compare your work to the feedback provided. Module 3: Overview of Sustainable Management ...
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...Social Responsibility JJT2 Task 1 Business Dictionary defines Corporate Social Responsibility as, “A company’s sense of responsibility towards the community and environment (both ecological and social) in which it operates.” Corporate Social Responsibility, often denoted as simply CSR, is a valuable tool for business owners to help themselves and society as a whole. A social responsibility strategy needs to be created for Champion Chow. Champion Chow is a large manufacturer and distributor of all-natural organic dog food throughout the country. The concept of a triple bottom line (TBL) will constitute as the overall framework in regards to Champion Chow’s social responsibility strategy. A TBL consists of three main categories: people, planet and profit. People refers to reasonable and favorable business practices toward labor, the public and district in which a corporation conducts its business. Planet pertains to sustainable environmental practices performed by the business. A business that actively follows TBL attempts to benefit the natural order in its region, or at the very least, curtail their environmental effect. Profit refers to the economic value the business creates. A. SOCIAL RESPONSBILITY STRATEGIES 1. Environmental considerations and recommendations Champion Chow was founded by John A. Smith in 1994. He was at the forefront of the organic rage. He himself ate only organic and believed his four legged companion should have the same option...
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...Social Responsibility 4/2014 JJT2 task 1 Social Responsibility Corporate Social Responsibility (CSR) is an organization holding itself accountable for the impact of its decisions and activities on society, the environment and, it’s own prosperity. Otherwise known as the triple bottom line of people, planet and profit (Lawrence & Weber, 2010). CSR is whatever a company does to give back to the community in which there is presence. Sometimes this involves grants, volunteerism or sponsorships. Other times, a company will chose to demonstrate its CSR by a commitment to clean energy or other commendable cause. J.D. Rockefeller stated the when a business gives back to the community, the company honors a tradition of giving to the people which makes continued success possible (Barker, 2014). The areas to be considered for a company developing CSR are the environment, ethics, organizational viability and legal considerations. The business of Protective Coatings will be reviewed in these areas and recommendations will be given to help the business in their efforts to be socially responsible. A1. Environmental Considerations and Recommendations Protective Coatings is a small independently owned business involved with applying protective coatings for a large variety of businesses whose applications reach into the industrial, private and public sectors. It is necessary for Protective Coatings to integrate environmental concerns into their business’s economic plan in order to...
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