Each business has the social responsibility to give back to their community which creates a vaue chain that values the customer and mediates relationships if necessary. The corporate social responsibility (CSR) creases customer loyalty which leads to solid financial performance through metrics that define the CSR. However, the CSR depends on the social responsibility the company has to provide a social responsibility to the community.
Yet, the company has to have an effective model that will attract stakeholers to invest in the business. This is drived by preferences which comes from the customers. Surveys and customer feedback is how the information is received. This feedback can be on what products are sold and services have been received. …show more content…
Each have their own initiatives which gives back to the communities. These two giants are in different businesses but find a way to give back as they understand the whole of CSR.
The impact to society which Tesla has is one of strong relationships and a company that recognized various aspects of business to sustain profitability. For instance, Tesla wanted to reduce their footprint. Therefore, they provide solar roof panels, which helps them also provide the product to customers (Tesla, 2018)..
Google prides itself on the corporate social responsibility through providing initatives such as Google Green. They allow their employees to be creative and to seek the motivation for the ideas by surfing the internet and doing various activities around the company. For instance, they have a Grow with Google initiative which allows Americans to develop skills to get a job. This shows the company has a good CSR.
Bad Companies
Two companies that are not successful with CSR are Wells Fargo and Sears. These two companies are different in the type of business they provide. However, through poor leadership find themselves with diminishing profits and poor …show more content…
The bottom line grew due to increased sales and bank fees. This caught up to them as there were thousands of employees guilty of this scandal.
Sears had poor management which led to the loss of stakeholders. However, the compitiion also had a part in Sears financial stuggle. The company tried to save face by changing leadership. They tried multiple reorganizations thoughout the dpeartments. This resuted in some departments closing down.
The company purchased K-Mart which was another company that was troubled financially. There were strategic changes ade such as selling long term investments and partnering with Lands end. The company was banking on the Lands End products stimulate sales that would avoid the losses in apparel. While Sears is still operating with minimul stores, they are not out of the woods yet.
CSR is important as a company will need a strategic plan to change the public’s persecption to a more favorable one. A few steps to this could be to promote the company within the community. For instance, a business may choose to host a bicycle race to which they are the primary hub to start and finish the race. The company may also provide free waters to the
Yet, the company has to have an effective model that will attract stakeholers to invest in the business. This is drived by preferences which comes from the customers. Surveys and customer feedback is how the information is received. This feedback can be on what products are sold and services have been received. …show more content…
Each have their own initiatives which gives back to the communities. These two giants are in different businesses but find a way to give back as they understand the whole of CSR.
The impact to society which Tesla has is one of strong relationships and a company that recognized various aspects of business to sustain profitability. For instance, Tesla wanted to reduce their footprint. Therefore, they provide solar roof panels, which helps them also provide the product to customers (Tesla, 2018)..
Google prides itself on the corporate social responsibility through providing initatives such as Google Green. They allow their employees to be creative and to seek the motivation for the ideas by surfing the internet and doing various activities around the company. For instance, they have a Grow with Google initiative which allows Americans to develop skills to get a job. This shows the company has a good CSR.
Bad Companies
Two companies that are not successful with CSR are Wells Fargo and Sears. These two companies are different in the type of business they provide. However, through poor leadership find themselves with diminishing profits and poor …show more content…
The bottom line grew due to increased sales and bank fees. This caught up to them as there were thousands of employees guilty of this scandal.
Sears had poor management which led to the loss of stakeholders. However, the compitiion also had a part in Sears financial stuggle. The company tried to save face by changing leadership. They tried multiple reorganizations thoughout the dpeartments. This resuted in some departments closing down.
The company purchased K-Mart which was another company that was troubled financially. There were strategic changes ade such as selling long term investments and partnering with Lands end. The company was banking on the Lands End products stimulate sales that would avoid the losses in apparel. While Sears is still operating with minimul stores, they are not out of the woods yet.
CSR is important as a company will need a strategic plan to change the public’s persecption to a more favorable one. A few steps to this could be to promote the company within the community. For instance, a business may choose to host a bicycle race to which they are the primary hub to start and finish the race. The company may also provide free waters to the