Problem statement/Purpose of analysis
The purpose of this analysis to examine TOMS unique business model that is centered around Corporate Social Responsibility in order to accomplish not only sustainable giving but also sustainable profit by exploiting the misfortune of others.
• While most organization incorporate CSR into the culture of the business, TOMS CEO Blake Mycoskie made CSR the business model. TOMS use customer emotion to increase the company profit by using disadvantage children.
• The company uses cheap labor from countries such as Argentina, China and Ethiopia to manufacture their product and while selling the product at premium price. It cost between $7-9 to produce, package and ship a pair of TOMS shoe that is retail for a minimum of $55.
• TOMS CSR business model provide limited long term good for developing countries in which it donates. Additionally they undermine local business and create an ant-bias economy.
• TOMS criteria for Giving …show more content…
has been instrumental in assisting children in developing country access to education and provide eyesight to the visual impaired. Since its inception, the company has expanded their product line and have ventured into the coffee bean production. However, the company continue to associate its product with a cause; TOMS Bags purchases support our Giving Partners in delivering the vital materials and training needed to help provide a safe birth regardless of the facility. In the US the sale of TOMS StandUp Backpack Collection, provide training of school staff and crisis counselors to help prevent and respond to bullying. Additionally, the purchase of a bag of TOMS Roasting Co. Coffee provides 140 liters of safe water, a week 's supply, to a person in need (Toms.com 2016). It is still unclear if the TOMS business model will all for long term sustainable; giving that will increase the livelihood of people living in poverty. Until then TOMS will continue to make a difference one shoe at a
The purpose of this analysis to examine TOMS unique business model that is centered around Corporate Social Responsibility in order to accomplish not only sustainable giving but also sustainable profit by exploiting the misfortune of others.
• While most organization incorporate CSR into the culture of the business, TOMS CEO Blake Mycoskie made CSR the business model. TOMS use customer emotion to increase the company profit by using disadvantage children.
• The company uses cheap labor from countries such as Argentina, China and Ethiopia to manufacture their product and while selling the product at premium price. It cost between $7-9 to produce, package and ship a pair of TOMS shoe that is retail for a minimum of $55.
• TOMS CSR business model provide limited long term good for developing countries in which it donates. Additionally they undermine local business and create an ant-bias economy.
• TOMS criteria for Giving …show more content…
has been instrumental in assisting children in developing country access to education and provide eyesight to the visual impaired. Since its inception, the company has expanded their product line and have ventured into the coffee bean production. However, the company continue to associate its product with a cause; TOMS Bags purchases support our Giving Partners in delivering the vital materials and training needed to help provide a safe birth regardless of the facility. In the US the sale of TOMS StandUp Backpack Collection, provide training of school staff and crisis counselors to help prevent and respond to bullying. Additionally, the purchase of a bag of TOMS Roasting Co. Coffee provides 140 liters of safe water, a week 's supply, to a person in need (Toms.com 2016). It is still unclear if the TOMS business model will all for long term sustainable; giving that will increase the livelihood of people living in poverty. Until then TOMS will continue to make a difference one shoe at a