Corporate responsibility is mostly about ensuring that the organization gives back to communities and sponsors that keeps the business competitive and existing. What the organization invests into the world is exactly what they will get out of it. Businesses have unique opportunities to give back to communities in a way that amplifies the intentions of their employees and company mission. Corporate social responsibility is defined as the way organizations attains a balance among its social, economic, and environmental responsibilities so as to address stakeholder expectations (Miles, 2013).
PepsiCo best practices PepsiCo is dedicated to maintaining a high standard of business principles in its dealings with customers, employees, consumers and …show more content…
This brings a positive impact on the company and protects the image and company brand. The legal ethics range of environmental law, criminal law, labor and securities regulations to profit the company (Sweeney & Coughlan, 2014).
Economic responsibilities To ensure that it stays on the market and that customers are satisfied, the company invests in profit making and fulfill economic responsibilities. It ensures that it makes more money to be able to pay workers, compete responsibly and expand the economy by creating more jobs and making more profits (Sweeney & Coughlan, 2014).
Philanthropic Responsibilities For Pepsico, it 's not just about making profits, staying in the market and being famous, but, it ensures that it reaches out to the less fortunate groups to benefit the society. It goes beyond what is expected and donate money and services to charitable organizations or communities, promoting projects and initiatives and ensuring social development and community satisfaction (Sweeney & Coughlan, 2014).
Ethical …show more content…
At PepsiCo, they believe acting responsibly and ethically which is not only the right thing to do, but also the right thing to do for the company. It encourages and promotes codes of conduct like acting with integrity in the marketplace; showing total respect in the workplace; showing accountability, honesty, responsibility, transparency and perform work responsibly for the shareholders (Sweeney & Coughlan, 2014).
How CSR model would be beneficial to HFB
Cut costs Using these models will enable the company cut costs and ensure sustainability and economic growth. The company will cut costs in different areas like energy use, packaging and marketing (Wayne, 2014).
Customer engagement By using CRS models, the company will have one on one customer engagement and promote business growth. This will expand business awareness among customers and encourage more participation and promote business to business communications (Wayne, 2014).
Financial
PepsiCo best practices PepsiCo is dedicated to maintaining a high standard of business principles in its dealings with customers, employees, consumers and …show more content…
This brings a positive impact on the company and protects the image and company brand. The legal ethics range of environmental law, criminal law, labor and securities regulations to profit the company (Sweeney & Coughlan, 2014).
Economic responsibilities To ensure that it stays on the market and that customers are satisfied, the company invests in profit making and fulfill economic responsibilities. It ensures that it makes more money to be able to pay workers, compete responsibly and expand the economy by creating more jobs and making more profits (Sweeney & Coughlan, 2014).
Philanthropic Responsibilities For Pepsico, it 's not just about making profits, staying in the market and being famous, but, it ensures that it reaches out to the less fortunate groups to benefit the society. It goes beyond what is expected and donate money and services to charitable organizations or communities, promoting projects and initiatives and ensuring social development and community satisfaction (Sweeney & Coughlan, 2014).
Ethical …show more content…
At PepsiCo, they believe acting responsibly and ethically which is not only the right thing to do, but also the right thing to do for the company. It encourages and promotes codes of conduct like acting with integrity in the marketplace; showing total respect in the workplace; showing accountability, honesty, responsibility, transparency and perform work responsibly for the shareholders (Sweeney & Coughlan, 2014).
How CSR model would be beneficial to HFB
Cut costs Using these models will enable the company cut costs and ensure sustainability and economic growth. The company will cut costs in different areas like energy use, packaging and marketing (Wayne, 2014).
Customer engagement By using CRS models, the company will have one on one customer engagement and promote business growth. This will expand business awareness among customers and encourage more participation and promote business to business communications (Wayne, 2014).
Financial