Institutional structure
Nestlé follows a mission statement claiming, “commitment to enhancing people’s lives by offering tastier and healthier food and beverage choices at all stages of life and at all times of day.” From this, three core institutional goals were created; balanced diets of nutritious and healthy nature, sustainable financial performance, and last but not least stakeholder trust in the product and company. Nestlé is therefore known for, “Creating Shared Value” (CSV), creating a liaison with Corporate Social Responsibility and Competitive Advantage whilst considering society and shareholders needs primarily.
Nestlé therefore manages to satisfy its stakeholders. The consumers pay money in order to gain the satisfaction of a well-balanced, …show more content…
The latter find support from a multitude of internal management bodies, which can be seen in the appendix, image #2. The Committee Charter establishes responsibility in every committee, which then has the possibility to discuss with outside counsel, and the Executive Board carries out strategies and policies placed by the Board of Directors.
Nestlé’s Creating Shared Value Council is what provides guidelines for Nestlé’s position in society and behavior, governed by 12 external experts assessing progress, corporate social responsibility, sustainability etc. The Nestlé in society board, of which Bulcke is chairman, sees to the implementation of strategy, working to assure that all economic activity of the firm cohere to these societal goals. Not only that, but its focus on sustainability strengthens Nestlé’s, “Creating Shared Value” strategy and image. This board therefore governs the rest of Nestlé’s task forces, once again seen in image …show more content…
Nestlé therefore implements strong adherence to laws and protection of the society leading to legitimacy of the company and Created Shared Value for its shareholders and other stakeholders. Furthermore, the AGM (annual general meeting), paired with numerous shareholder surveys, annual reports and investor relation activities permit direct discussion between board of directors, management team and shareholders. They deem that this engagement is the essence of Creating Shared value and that trust is a prerequisite for a healthy business and stakeholder
Nestlé follows a mission statement claiming, “commitment to enhancing people’s lives by offering tastier and healthier food and beverage choices at all stages of life and at all times of day.” From this, three core institutional goals were created; balanced diets of nutritious and healthy nature, sustainable financial performance, and last but not least stakeholder trust in the product and company. Nestlé is therefore known for, “Creating Shared Value” (CSV), creating a liaison with Corporate Social Responsibility and Competitive Advantage whilst considering society and shareholders needs primarily.
Nestlé therefore manages to satisfy its stakeholders. The consumers pay money in order to gain the satisfaction of a well-balanced, …show more content…
The latter find support from a multitude of internal management bodies, which can be seen in the appendix, image #2. The Committee Charter establishes responsibility in every committee, which then has the possibility to discuss with outside counsel, and the Executive Board carries out strategies and policies placed by the Board of Directors.
Nestlé’s Creating Shared Value Council is what provides guidelines for Nestlé’s position in society and behavior, governed by 12 external experts assessing progress, corporate social responsibility, sustainability etc. The Nestlé in society board, of which Bulcke is chairman, sees to the implementation of strategy, working to assure that all economic activity of the firm cohere to these societal goals. Not only that, but its focus on sustainability strengthens Nestlé’s, “Creating Shared Value” strategy and image. This board therefore governs the rest of Nestlé’s task forces, once again seen in image …show more content…
Nestlé therefore implements strong adherence to laws and protection of the society leading to legitimacy of the company and Created Shared Value for its shareholders and other stakeholders. Furthermore, the AGM (annual general meeting), paired with numerous shareholder surveys, annual reports and investor relation activities permit direct discussion between board of directors, management team and shareholders. They deem that this engagement is the essence of Creating Shared value and that trust is a prerequisite for a healthy business and stakeholder