How humanized businesses are growing by establishing a purpose beyond profits and a people-centered culture, championing sustainability, and respecting consumers' power. Includes select findings from Euro RSCG Worldwide's The Future of the Corporate Brand study, plus information on Good for Business: The Rise of the Conscious Corporation (Palgrave Macmillan).
Market Insights from Top Researchers, Part 1: Customer Attitudes and BehaviorSustainable Brands
Â
In this data-rich session, top-notch researchers will share their latest insights into what is happening in 2014 around customer engagement with brands' environmental and social sustainability promises. Researchers will each present their latest data, followed by a discussion around comparing methodologies, gleaning additional insight on the spot, and identifying knowledge gaps by looking at the landscape of available data. Expect a wealth of hard information, accompanied by a great opportunity for Q&A with researchers and peers to help inform your strategy for 2014 and beyond.
#Businessforgood. Trends in Social Enterprise.Tirrah Switzer
Â
Social enterprises are innovative businesses that address the long-term needs of our world. Social enterprises can be structured in several ways â non-profit, for-profit or hybrid. Echoing Green, a seed-stage funder of social enterprises has seen an increase in applications of both for-profit and hybrid models. An emerging trend for hybrid social enterprises is building a for-profit and non-profit arm of the social enterprise that furthers the organizationâs social agenda. The social enterprise sector in the United States is estimated to be double the size of the mining industry and three to five percent of the United States total gross domestic product. The social enterprise movement soared in 2006 with sixty percent of todayâs social enterprises founded after 2006. Social enterprises are tackling the worldâs problems. Last year, poverty alleviation and economic development were the top program areas for hybrid and for-profit funding applicants. As the social enterprise sector continues to grow, a trend we see more of is more defined social and/or environmental impact. Tom Shoes, a well-known social enterprise, has received much media attention and criticism of their business structure. Not only has TOMS learned from the criticism but it has assisting in building structures for other social enterprises.
Funding is often referred to as an obstacle for social enterprises. New funding sources are allowing social enterprises the ability to be original and ground-breaking in their funding pursuit. Social enterprises are trending worldwide; something is happening in every corner of the world regarding social enterprises. Consumers are willing to match their wallets and hearts when it comes to spending money with social enterprises. Based on the activities of stakeholders, entrepreneurs, investors, governments, media and consumers, we should continue to see the movement of social enterprises advance.
Keywords: Social Enterprise, Business for Good, Corporate Social Responsibility, Trends
How humanized businesses are growing by establishing a purpose beyond profits and a people-centered culture, championing sustainability, and respecting consumers' power. Includes select findings from Euro RSCG Worldwide's The Future of the Corporate Brand study, plus information on Good for Business: The Rise of the Conscious Corporation (Palgrave Macmillan).
Market Insights from Top Researchers, Part 1: Customer Attitudes and BehaviorSustainable Brands
Â
In this data-rich session, top-notch researchers will share their latest insights into what is happening in 2014 around customer engagement with brands' environmental and social sustainability promises. Researchers will each present their latest data, followed by a discussion around comparing methodologies, gleaning additional insight on the spot, and identifying knowledge gaps by looking at the landscape of available data. Expect a wealth of hard information, accompanied by a great opportunity for Q&A with researchers and peers to help inform your strategy for 2014 and beyond.
#Businessforgood. Trends in Social Enterprise.Tirrah Switzer
Â
Social enterprises are innovative businesses that address the long-term needs of our world. Social enterprises can be structured in several ways â non-profit, for-profit or hybrid. Echoing Green, a seed-stage funder of social enterprises has seen an increase in applications of both for-profit and hybrid models. An emerging trend for hybrid social enterprises is building a for-profit and non-profit arm of the social enterprise that furthers the organizationâs social agenda. The social enterprise sector in the United States is estimated to be double the size of the mining industry and three to five percent of the United States total gross domestic product. The social enterprise movement soared in 2006 with sixty percent of todayâs social enterprises founded after 2006. Social enterprises are tackling the worldâs problems. Last year, poverty alleviation and economic development were the top program areas for hybrid and for-profit funding applicants. As the social enterprise sector continues to grow, a trend we see more of is more defined social and/or environmental impact. Tom Shoes, a well-known social enterprise, has received much media attention and criticism of their business structure. Not only has TOMS learned from the criticism but it has assisting in building structures for other social enterprises.
Funding is often referred to as an obstacle for social enterprises. New funding sources are allowing social enterprises the ability to be original and ground-breaking in their funding pursuit. Social enterprises are trending worldwide; something is happening in every corner of the world regarding social enterprises. Consumers are willing to match their wallets and hearts when it comes to spending money with social enterprises. Based on the activities of stakeholders, entrepreneurs, investors, governments, media and consumers, we should continue to see the movement of social enterprises advance.
Keywords: Social Enterprise, Business for Good, Corporate Social Responsibility, Trends
No guts, No glory: 5 steps to become a brave new marketerJoeri Van den Bergh
Â
Our world is changing rapidly. Technology is developing faster than ever. Information is shared and made available everywhere.
This InSites Consulting marketing paper on Generation Y is based on interviews with 21 global marketing executives from various industries (such as Converse, Heineken, Abercrombie & Fitch, BBC, Microsoft, Reckitt & Benckiser and many more) and it offers a 5step plan for marketers to improve their marketing towards the demanding Gen Y customers.
While we have been relatively good at getting people to believe in the importance of more sustainable behaviors, practices, and purchases, we
have been unable to convert this belief fully into action. The following charts â calculated by comparing the percentage of consumers who stated
that this green activity was very important or important to them to the percentage who stated they âusually doâ this activity â prove the point.
I'm excited to co-host the @LSEAfricaSummit with the theme âThe Global Crisis as a Catalyst for Changeâ.
The LSE Africa Summit is one of Europeâs largest student-led conferences hosting highly motivated Africans and African-oriented students, corporate bodies, and experienced professionals in diverse fields from across the globe to engage in progressive discussions on disruptive ideas aimed at moving the continent forward.
Since its inception six years ago, the LSE Africa Summit has drawn 3,000+ participants and leading figures from the continent such as HE Nana Addo Akufo-Addo (President of Ghana), HE Yemi Osibanjo (Vice-President of the Republic of Nigeria), Dr Donald Kaberuka (7th President of the African Development Bank), Meaza Ashenafi (President of the Federal Supreme Court of Ethiopia), Ibukun A. Awosika (Chairman, Board of Directors, First Bank, Nigeria) and other esteemed personalities.
The Gap is Growing: Solution: Social Credit.
âAs we have seen, the more automatic machinery replaces men, the wider becomes the gap between buying power and prices because salaries and wages are thus reduced, leaving other cost items proportionately increased. When we stop to realize that the gap is constantly widening as efficient machine-power rapidly replaces inefficient man-labor in doing the work of the world, it becomes evident that we are reaching the senseless
absurdity of a maximum production and a minimum of consumption. Yet we wonder at the paradox of poverty in the midst of plenty !â
How to connect with urban millennials: results from a global research communityJoeri Van den Bergh
Â
This Marketing paper offers insights on what drives Generation Y and how global brands can really connect with youth worldwide. By discussing trends with young people in our global research community, we managed to gather 10 interesting Gen Y evolutions. The paper also highlights the key dimensions behind cool places, products and brands.
Corporate Social Responsibility (CSR) of Sony Corporation12inch
Â
Sony Corporation commonly referred to as Sony, is a Japanese multinational conglomerate corporation. headquartered in KĹnan Minato, Tokyo, Japan. Its diversified business is primarily focused on the electronics , game, entertainment and computing etc. The company is one of the leading manufacturers of electronic products for the consumer and professional markets. Sony is ranked 87th on the 2013 list of Fortune Global 500.
For more information visit http://www.howcoolbrandsstayhot.com/trends
Enjoy the inspiration!
Early 2014, five trend watchers teamed up to share their views on the consumer and societal evolutions for 2014 and beyond. In this brand-new consumer trends paper, we gathered 5 paradoxical trends defining the consumer of today and of the future:
1. Learn from Joeri Van den Bergh how global brands such as Heineken and Renault are using serendipity in their advertising.
2. Find out from Steven Van Belleghem how companies benefit from the abundance of useful information to predict consumer behavior.
3. Follow Tom Palmaerts to experience four possible cloaking channels: de-facing, de-sharing, de-leting and the dark webâŚ
4. Discover with Sven Mastbooms how existing business models are under pressure due to the consumersâ urge to take a quicker, easier and cheaper shortcut to the solution.
5. And finally tune in to Herman Konings to find out how consumers are taking control of their own health.
The role of the media towards building a critical mass of young entrepreneursMy Beautiful Africa
Â
How the Media can shape our Brands in our Entrepreneurial Journey. This is to take into consideration, the need to adopt media early in business to enable us have an edge over competition
No guts, No glory: 5 steps to become a brave new marketerJoeri Van den Bergh
Â
Our world is changing rapidly. Technology is developing faster than ever. Information is shared and made available everywhere.
This InSites Consulting marketing paper on Generation Y is based on interviews with 21 global marketing executives from various industries (such as Converse, Heineken, Abercrombie & Fitch, BBC, Microsoft, Reckitt & Benckiser and many more) and it offers a 5step plan for marketers to improve their marketing towards the demanding Gen Y customers.
While we have been relatively good at getting people to believe in the importance of more sustainable behaviors, practices, and purchases, we
have been unable to convert this belief fully into action. The following charts â calculated by comparing the percentage of consumers who stated
that this green activity was very important or important to them to the percentage who stated they âusually doâ this activity â prove the point.
I'm excited to co-host the @LSEAfricaSummit with the theme âThe Global Crisis as a Catalyst for Changeâ.
The LSE Africa Summit is one of Europeâs largest student-led conferences hosting highly motivated Africans and African-oriented students, corporate bodies, and experienced professionals in diverse fields from across the globe to engage in progressive discussions on disruptive ideas aimed at moving the continent forward.
Since its inception six years ago, the LSE Africa Summit has drawn 3,000+ participants and leading figures from the continent such as HE Nana Addo Akufo-Addo (President of Ghana), HE Yemi Osibanjo (Vice-President of the Republic of Nigeria), Dr Donald Kaberuka (7th President of the African Development Bank), Meaza Ashenafi (President of the Federal Supreme Court of Ethiopia), Ibukun A. Awosika (Chairman, Board of Directors, First Bank, Nigeria) and other esteemed personalities.
The Gap is Growing: Solution: Social Credit.
âAs we have seen, the more automatic machinery replaces men, the wider becomes the gap between buying power and prices because salaries and wages are thus reduced, leaving other cost items proportionately increased. When we stop to realize that the gap is constantly widening as efficient machine-power rapidly replaces inefficient man-labor in doing the work of the world, it becomes evident that we are reaching the senseless
absurdity of a maximum production and a minimum of consumption. Yet we wonder at the paradox of poverty in the midst of plenty !â
How to connect with urban millennials: results from a global research communityJoeri Van den Bergh
Â
This Marketing paper offers insights on what drives Generation Y and how global brands can really connect with youth worldwide. By discussing trends with young people in our global research community, we managed to gather 10 interesting Gen Y evolutions. The paper also highlights the key dimensions behind cool places, products and brands.
Corporate Social Responsibility (CSR) of Sony Corporation12inch
Â
Sony Corporation commonly referred to as Sony, is a Japanese multinational conglomerate corporation. headquartered in KĹnan Minato, Tokyo, Japan. Its diversified business is primarily focused on the electronics , game, entertainment and computing etc. The company is one of the leading manufacturers of electronic products for the consumer and professional markets. Sony is ranked 87th on the 2013 list of Fortune Global 500.
For more information visit http://www.howcoolbrandsstayhot.com/trends
Enjoy the inspiration!
Early 2014, five trend watchers teamed up to share their views on the consumer and societal evolutions for 2014 and beyond. In this brand-new consumer trends paper, we gathered 5 paradoxical trends defining the consumer of today and of the future:
1. Learn from Joeri Van den Bergh how global brands such as Heineken and Renault are using serendipity in their advertising.
2. Find out from Steven Van Belleghem how companies benefit from the abundance of useful information to predict consumer behavior.
3. Follow Tom Palmaerts to experience four possible cloaking channels: de-facing, de-sharing, de-leting and the dark webâŚ
4. Discover with Sven Mastbooms how existing business models are under pressure due to the consumersâ urge to take a quicker, easier and cheaper shortcut to the solution.
5. And finally tune in to Herman Konings to find out how consumers are taking control of their own health.
The role of the media towards building a critical mass of young entrepreneursMy Beautiful Africa
Â
How the Media can shape our Brands in our Entrepreneurial Journey. This is to take into consideration, the need to adopt media early in business to enable us have an edge over competition
In the second of a series of reports commissioned by HSBC, we consider the extent to which businesses are incorporating responsibility in their business operations.
This presentation explains the concept of Corporate Social Responsibility and strategy ti=o implement it as well. At the same time, MICROSOFT CO. is chosen to illustrate the idea and as well explained how it managed to be the 1st in the the list of THE FORBES magazine.
Businesses combine for many reasons. The rationale for combining som.pdfaromalcom
Â
Businesses combine for many reasons. The rationale for combining sometimes creates tunnel
vision where decision-makers fail to see all stakeholders and their potential impacts.
Suggest a stakeholder that is affected when companies combine. Also add the most important
considerations for this stakeholder during the combination planning process.
Solution
Corporate Social Responsibility (CSR) is the responsibility of an organization towards the
welfare and interests of the society in which it operates while maintaining a healthy bottom-line
of profits. Responsible, sustainable and transparent business models help build brand and
reputation as well as help strengthen the community and therefore the marketplace. Business
ethics examines ethical principles and moral or ethical problems that arise in a business
environment. Business ethics reflects the philosophy of business, one of whose aims is to
determine the fundamental purposes of a company. If a company\'s purpose is to maximize
shareholder returns, then sacrificing profits to other concerns is a violation of its fiduciary
responsibility.
The principles of right and wrong that guide an individual in making decisions are called ethics.
As ethics are about moral values, cultural assessments can be extremely valuable when assessing
the moral values in an organization. The message from businesses today is clearâemployees
must be well trained and capable of making ethical decisions to protect the business from legal
liability and to maximize long-term profits.
3 Step checklist to analyze the ethics of common business situations:
The social responsibility movement is just one aspect of the overall discipline of business ethics.
Many companies believe they have a responsibility to \"give back\" to society. This focus
includes contributions of time and money, a duty to provide environmentally friendly products
and services, and a desire to improve the lives of individuals here and around the globe. A few
companies stand out as prime examples of how social responsibility can be productively coupled
with sound strategies to advance goodwill, while building sustainable and impressive businesses.
Burtâs Bees - The focus for Burt\'s Bees has always been on well-being and \"the greater good.\"
As part of the Natural Products Association, the company helped develop The Natural Standard
for Personal Care Products, which created guidelines for what can be deemed natural. Burt\'s
Bees follows the highest possible standards for packaging sustainability, furthering its dedication
to the cause as a member of the Sustainable Packaging Coalition. Since the brand\'s start at a
crafts fair selling $200 worth of honey, the company has since expanded to candles, lip balm and
now more than 150 products. In 2009, revenue topped $250 million.
The Body Shop - The Body Shop is regarded as a pioneer of modern corporate social
responsibility as one of the first companies to publish a full report on its efforts and initiatives..
Essay on Corporate Social Responsibility CSR
Essay On Csr
Corporate Social Responsibility
Csr : Corporate Social Responsibility Essay
Reflection On Corporate Social Responsibility
Corporate Social Responsibility in GRI
Csr Essay
What is Corporate Responsibility Essay
Corporate Social Responsibility : Csr Essay
Corporate Social Responsibility ( Csr ) Essay
Corporate Social Responsibility : Csr Essay
Corporate Social Responsibility Of Unilever
Bmw s Corporate Social Responsibility
Corporate Social Responsibility
Corporate Social Responsibility : Csr
Corporate Social Responsibility Essay
Operation âBlue Starâ is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Â
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Palestine last event orientationfvgnh .pptxRaedMohamed3
Â
An EFL lesson about the current events in Palestine. It is intended to be for intermediate students who wish to increase their listening skills through a short lesson in power point.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
Â
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesarâs dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empireâs birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empireâs society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Â
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
⢠The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
⢠The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate âany matterâ at âany timeâ under House Rule X.
⢠The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2. Name: Unsa Soomro
Roll no: 20S-MSHRM-BS-01
Topic: Corporate social Responsibility in Multinationals
Assigned by: Respected Sir DR Adnan
Pitafi
3. Table of contents
ďąWhat is MNCâs?
ďąDefinition of CSR AND Its emergence
ďąMerits and demerits of CSR for MNCâs
ďąGlobal CR RepTrak 100 global survey
ďąReal life best CSR practices by Multinationals
ďąReal life Example of bad CSR practices by Multinationals
ďąCorporate social responsibility strategy and economic business value of
multinational companies in emerging economies: The mediating role of
corporate reputation
ďąExample of CSR in advertisement:
ďąArticle: Corporate Sustainability Reputation Matters Most During Crises
ďąGreenwashing by Multinationals
4. What Is a Multinational Corporation (MNC)?
⢠A multinational corporation (MNC) has facilities and other assets in at
least one country other than its home country. A multinational company
generally has offices and/or factories in different countries and a
centralized head office where they coordinate global management.
These companies, also known as international, stateless, or
transnational .corporate organizations tend to have budgets that exceed
those of many small countries.
5. What is CSR?
CSR stands for Corporate Social Responsibility and is a businessâs
approach to sustainable development by delivering economic, social and
environmental benefits. In essence, CSR looks beyond the company
profits and focuses on benefiting the greater community.
â˘What is involved?
⢠A recent Deloitte survey found that 70 percent of millennials acknowledged that a
companyâs commitment to social responsibility influenced their choice to work there. With
millennials soon to be the largest generational segment of the workforce, companies
looking to hire these workers will need to embrace CSR in order to attract and retain talent.
Millennials donât just want to consume products and services made by companies that have
a CSR presence; they want to take part in making these social and environmental changes
also. A recent report from Reputation Institute, as published in Forbes magazine, found that
42% of how people feel about a company is based on their perception of its CSR activities
6. Emergence of CSR
⢠CSR first came into existence in the year 1930. It was after the Great Depression in
1929, when two professors of Harvard University, Prof. A.A. Berle, and Prof. C.G.
Means realized that corporations must come forward and take the responsibility.
They also claimed that such a condition would not have taken place if the
corporations had acted responsibly.
⢠Although responsible companies had already existed for more than a century
before, the term Corporate Social Responsibility was officially coined in 1953 by
American economist Howard Bowen in his publication Social Responsibilities of
the Businessman. As such, Bowen is often referred to as the father of CSR
7. CSR has changed in the last 20 years for
multinationals
CSR was a CSR is an
Moral issue Strategic/profit
âWe want to do the right issue
thing; we want to spend in
the communityâ âIgnoring CSR potentially
damages shareholders.
embracing it creates valueâ
2000 2020
8. Advantages of CSR for MNCâs
The potential benefits of CSR to companies include:
⢠⢠better brand recognition
⢠⢠positive business reputation
⢠⢠increased sales and customer loyalty
⢠⢠operational costs savings
⢠⢠better financial performance
⢠⢠greater ability to attract talent and retain staff
⢠⢠organizational growth
⢠⢠easier access to capital
9. Demerits of Corporate Social Responsibility for
MNCâS
1. Deviation from the Profit-Making Objective:
A popular economist named Milton Friedman is the biggest criticizer of CSR.
a company is intentionally increasing its expenditure which has no payback or
role in profit-making rather it is a pure outflow with no return.
2. Company Reputation is at stake:
If a company has to comply with the CSR policies,
then it is supposed to inform all the limitations associated
with its own products. If there is any CSR policy violation in
their product then it has to be made public. It can cause bizarre to
the image of the company.
10. 3. Customer Conviction:
At the start, people had good impression about these CSR programs. They
also tend to be more inclined towards companies that have CSR programs.
But as the time passes people become more impatient and start to expect
instant results out of such programs. When they could not notice instant
results or instant impact on the society then they start to feel CSR
programs as mere publicity stunts.
4. Increase in Cost of Production:
CSR programs lead to an extra cost to the company. The increment in cost
forces the company to increase the basic price of the product, which is
ultimately paid by the customer. This is an extra burden on the company,
which is being imposed to customers.
11. Global CR RepTrak 100 is a global survey that rates multinational companies while
accounting for their corporate social responsibility (CSR) reputation. During January
and February 2019, the study collected the opinion of 230,000 people from the general
public across the 15 biggest economies. What are the companies with the best CSR
reputation?
⢠1. Rolex
⢠2. Lego
⢠3. Disney
⢠4. Adidas Group
⢠5. Microsoft
⢠6. Sony
⢠7. Cannon
⢠8. Michelin
⢠9. Netflix
⢠10. Bosch
12. Examples of multinationals
with best CSR practices:
⢠Itâs simple; If a company doesnât continue to offer
high-quality products and services, customers will
stop buying. If businesses donât treat their workers
well, theyâll leave. And if a company pollutes the
environment, its public reputation will suffer.
⢠Conversely, if a company is socially responsible,
they improve their reputation, attract the best talent,
build customer loyalty, and turn a healthy profit.
13. 1. ORIX Corporation USA:
â˘Philanthropy in the Hands of Employees
⢠ORIX Corporation USA has broken the mold on corporate giving. Eschewing
marketing platforms and top-down decision making, the organization created an
entirely employee-led foundation. Since 2009, employees from every rank and
division of the company have served on the board of ORIX Foundation, a separate
nonprofit entity that has invested more than $16 million and thousands of
volunteers hours into community organizations that employees personally care
about. Now ORIX is looking to expand this democratic approach by sharing it with
other businesses. This year, they are launching CARE, a collaborative effort of
corporations seeking to engage employees and address critical community issues
like childrenâs literacy.
14. 2. Once is never enough----Google
⢠According to the journal Nature, data centers are estimated to use
200 terawatt hours each year, which represents approximately 1
percent of global electricity consumption.
⢠Google has one of the largest data center networks on the planet, and
they recognize the responsibility that comes with it. Hereâs what
theyâve implemented to combat this issue:
⢠1. Designed servers from the ground up to last longer.
⢠2. Recycle components from old servers into new ones.
⢠3. Sell old servers on the secondary market.
⢠As a result of these initiatives, Google has increased the number of
remanufactured units and sold over 2 million machines each year to
secondary markets.
⢠Key takeaway: Set specific targets to measure your progress towards
a circular economy within your organization.
15. 3. LEGO: Developing Young Minds Through
Play
⢠LEGOâs CSR initiatives work toward LEGOâs mission of building a better
world for children. Because they recognize that playing is not only fun but a
vital tool for learning, LEGO has trained thousands of their employees to
become âPlay Agents.â LEGO Play Agents help children engage in the kind
of healthy play that encourages learning and growth.
⢠Furthermore, Most notably, LEGO has made promises to reduce its negative
environmental impact, even to completely eradicate it. In 2018 LEGO
launched plant-based polyethylene bricks to soon replace their standard
plastic bricks. These bricks are sustainable and can considerably reduce non-
environmentally friendly waste. LEGO also has tackled the inevitable waste
problem by going above and beyond and planning to have absolutely no
waste by 2025.
16. Multinationals with
Bad CSR:
1. Fake Rides â Uber
In 2014, Uber was accused of hiring
employees to order and cancel 5,560
rides from ride-sharing competitor Lyft
Key takeaway: Seek ways to learn
from competitors instead of trying to
bring them down.
17. Multinationals with
Bad CSR:
2. Account Fraud â Wells Fargo
In 2016, The Consumer Financial Protection
Bureau found that employees of Wells Fargo
opened up 3.5 million unauthorized
customer accounts. The bank was slapped
with a $2 billion fine, had to fire over 5,000
employees, and CEO John Stumpf was forced
to retire.
Key takeaway: Avoid coercive tactics to
motivate employees and inspire them to do
their best work instead. Focus on ethical
sales practices like customer relationship
management, cold emailing and networking
18. Corporate social responsibility strategy and economic business value
of multinational companies in emerging economies: The mediating
role of corporate reputation
⢠Abstract
⢠Corporate social responsibility (CSR) and business value of multinational
corporations are significantly tied to corporate reputation. In this work, we
investigated the mediating influence of corporate reputation of multinational
companies (MNCs) on their CSR strategy and economic business value. The study
adapted a quantitative methodology with a sample of respondents from
multinational corporations in Ghanaâan emerging economy. Drawing from 267
employees of MNCs in Ghana, a structural equation modelling and bootstrapping
analysis are used to assess the hypothesized relationship. The results showed that
CSR strategy positively and significantly predicts economic business value and
corporate reputation of MNCs. Findings also showed that corporate reputation
mediates the relationship between CSR strategy and economic business value of
MNCs operating in emerging economies. This study suggests that good corporate
reputation significantly influences MNCs' strategy in corporate responsibility and
economic business value. Thus, management of MNCs can enhance their corporate
business objectives through sustainability practices.
20. Example of CSR in advertisement:
GEâs âBalance the Equationâ takes on womenâs
underrepresentation in STEM
21. What Is Greenwashing?
⢠Greenwashing is the process of conveying a false impression or
providing misleading information about how a company's products are
more environmentally sound. Greenwashing is considered an
unsubstantiated claim to deceive consumers into believing that a
company's products are environmentally friendly.
22. Brands called out for greenwashing in 2020
Using kids to sell natural gas
⢠In a video campaign by Singaporeâs Energy Market Authority to tell the city-
stateâs energy story, one episode used children to talk about Singaporeâs
main source of power: natural gas. âWe need electricity to power many
things.
⢠Industry watchers such as Assaad Razzouk, the chief executive of
renewables firm Sindicatum, were not impressed. âSeriously, Energy Market
Authority? Using kids to greenwash natural gas? Natural gas is just as dirty
as coal. Whoever named it Natural Gas instead of âHighly Explosive
Climate-Change-Accelerating Fossil Fuelâ wins top branding award,â he
said