BP should be prepared to accept any criticism with regard to their wrongdoing and contribute their time and money into making it right again. They should make a public apology to people that they have affected and to their stakeholders, stating what their next course of actions are. BP should promote, implement and practice a code of ethics within the organisation; this can be lead through management and followed by all their employees. As BP is one of the most socially responsible companies…
When we think about business many of us just think about the profit but have a tendency to forget about our people and planet. Once I read The Breakthrough Challenge by John Elkington and Jochen Zeitz I found a different perspective on business. There is more to business than just profit, it’s about caring for our people and plant. This book is written in the name of "The B Team," a supporting group leader from business professionals who eventually aims to “speed up the game” in business. In…
Westpac is one of the top sustainable companies in Australia that produce a standalone social report. The company is aiming to remain sustainability by anticipating and actively making improvement over social issues as a way creating value to the company’s business. This report examines the sustainability practices of Westpac recently with the compliance sustainability report with the Global reporting Initiatives. The results show that Westpac is doing well with their performance, however, it…
Camphine Electronic Corporation Corporate Social Responsibility Policy Camphine Electronic Corporation (CEC) is committed to be a responsible and successful company that contributes to economic and social life. We provide a program of management where continuous improvement of direct and indirect impacts is our priority. This Earth is our home therefore, we engage all efforts and our resources to mark our contribution to improve the world in which we live. Also, CEC recognizes the importance to…
Introduction: The purpose of the essay is to break the utilization of corporate social responsibility by affiliations and whether it has an effect on their money related execution. Generally corporate social responsibility has been given a broad measure of fundamentals to by lion 's offer of the affiliations and a colossal measure of cash is maintained towards these exercises with a specific completed target to complete a dominating notoriety and some would battle that it manages definitely…
Do firms have social responsibility based on social obligations? In my opinion firms are bound by the employees and society that support a firm. Social responsibility should be a natural obligation for the management team of a firm to be integrated both in their business plan as well as their operations. “Corporate Social Responsibility” can impact profits to the benefit of the corporation and has a positive influence on the society in which they operate. Providing both employment opportunities…
(Placeholder1) (n.d.). (Placeholder1)INTRODUCTION TO MANAGEMENT Unit Code: MGT100 Lecturer: Ross Spence Assessment #1 Individual Report (Westpac vs Cochlear) Prepared by Basit Ali (11502078) Executive Summary: *Subject Matter In this report the two companies that will be discussed are Westpac…
case with more current information. Nike has had bad publicity in the past with the workforce, low wage, abuse of workers, and scrutiny over not being concerned about the environment. The list of challenges they have faced relates to social responsibility, however, they stated they were guilty of those actions they, and asked how do we improve. Those efforts helped them better their publicity for the good and have made huge difference in the way the company is controlled and works behind the…
Legal Writing Finance Marketing Engineering Government Public Relations Other (please specify) Engineering Marketing Writing Education 7. Please describe your skills and expertise checked above and how they directly relate to Corporate Social Responsibility? Education - I have always been passionate about teaching and education in general. I have volunteered to teach poor and underprivileged kids in India unofficially. Taking initiative, I have tutored and mentored over 15 children from…
One of the other aspects that we learned in this course is regarding the social impact that results from the social entrepreneurship. We learned about many B-corp companies that committed to change the world, such as One World Play Project, which makes, sells and distribute indestructible ball in the third world countries, focusing on bringing the power of play to the children who live in a harsh environment. Australian Ethical, an investment company, which only invest people’s funds in…