Corporate Social Responsibility Initiatives For Small...

Introduction It is generally difficult to determine whether corporate social responsibility initiatives are easier to implement in small firms as opposed to large firms. Corporate CSR perspective is the ethical responsibility to society and social bodies as the firm adopts due to business, financial, societal, governmental, and, moral image outcomes in society. In addition, the firm adopts ethical responsibility to external entities, which society focuses on and as a result magnifies and sensitises business stance and associations with external social bodies. In fact, CSR is the result of a discussion amongst the firm and its stakeholders about responsibilities and expectations. (Corporate Social Responsibility: One Size Does Not Fit All. Collecting Evidence from Europe) The EU defines small firms as, those that employ 50 staff or less and have a turnover that is e10 million or under as stated in European Commission, 2003b. Small firms and large firms are different, particularly in such areas as financial revenue, resources, market share, numbers of staff and ownership title as it explains in Curran and Blackburn, 2001. (Investigating the Impact of Business Size on Small Business Social Responsibility: A Critical Review) Firm size triggers a particular implementation pattern of CSR, i.e. SMEs is strong in implementing organisational CSR associated processes in fundamental business procedures, where MNCs efficiently connect their obligations to CSR, yet generally lackShow MoreRelatedCorporate Social Responsibility Initiatives For Small Firms Essay2147 Words   |  9 PagesIntroduction It is generally difficult to determine whether corporate social responsibility initiatives are easier to implement in small firms as opposed to large firms. Corporate CSR perspective is the ethical responsibility to society and social bodies as the firm adopts due to business financial, societal, governmental, and, moral image outcomes in society. In addition, the firm adopts ethical responsibility to external entities, which society focuses on and as a result magnifies and sensitisesRead MoreA Business Plan For The Long Run With Csr Strategies1737 Words   |  7 Pagesare all highly capable and all received top marks in their courses. Will they succeed in their new venture? Or like so many opening small businesses, will they fail within the first year? This hypothetical situation illustrates, that while it’s a generally accepted fact that most small businesses fail, people still gather capital, human and otherwise, to form small businesses in the ever challenging search for success. Now it is not only important to have a profitable venture in mind, but one thatRead MoreCorporate Social Responsability, New Balance1449 Words   |  6 Pagesowners did not have an official Corporate Social Responsibility policy there was a strong culture of â€Å"Doing the right thing† (Veleva, 2010). New Balance owners along with company leadership did realize that New Balance needed to engage in the next step, which was to develop a strong Corporate Social Responsibility. To do this New Balance promoted their senior corporate communications officer to the social responsibility manager. In addition, New Balance hired a firm outside the company to provideRead MoreTo what Extent is Corporate Social Responsibility Beneficial to a Company’s Performance?1078 Words   |  5 PagesIn recent years, there have been a growing number of companies that have an explicit Corporate Social Responsibility (CSR) plan. As stated by European Commission (2001), CSR is defin ed as â€Å"a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis.† It is believed that the motives for CSR are gradually converting from philanthropic rationale to performance-driven orientation, but the questionRead MoreThe Impact Of Increasing Usage Of Automobiles On The Environment Essay1720 Words   |  7 Pages1. Introduction 1.1 Background Singapore, a small city state experiencing rapid industrial growth, found itself faced with the new problem of urban traffic congestion since the seventies. (Zolla, K.) A dense population with a strong preference for automobiles, this rise in the number of cars on the road threatens the environment with the burgeoning amount of harmful gas emissions as well as the well-being of the community. 1.2 Purpose The report examines the detrimental impact of increasing usageRead MoreEssay on Citigroup Corporate Social Responsibility Evalutation1331 Words   |  6 PagesCitigroup Corporate Social Responsibility Evaluation Corporate social responsibility has become a hot term in the past few years as corporations have become larger and even more powerful. Watch-dog organizations have been formed to monitor the actions of corporations and report â€Å"rogue† companies who do not mean their standards for being socially responsible. Recently, many companies have started to issue corporate social responsibility reports along with their annual reports. Citigroup, a financialRead MoreOrganizational Social Responsibility : The Environment1739 Words   |  7 PagesMcPherson May 19, 2015 Professor Goll Organizational Social Responsibility Corporate Social Responsibility: The Environment During the late 20th century and early 21st century a business trend called corporate social responsibility has grown in popularity and necessity. Corporate social responsibility has been defined as a form of corporate self-regulation integrated into a business model with the intentions of benefitting bothRead MoreCorporate Social Responsibility, Sustainability, And Approaches For Managing Culture And Diversity Of Employment Practices Essay1576 Words   |  7 PagesExecutive Summary: The following business report will examine some critical concepts which apply to all businesses small or large more specifically to the company of Tata. This report will provide an in depth analysis and evaluation of the areas of corporate social responsibility, sustainability and approaches to managing culture and diversity of employment practices of the company. The methods used to analyse these key areas comprise of the textbook, a wide variety of articles, a quote and a youtubeRead MoreThe Modern E ra Of Social Responsibility1523 Words   |  7 Pagesimplement. Through effort and diligence, corporate and organizational leaders can responsibly serve the global community in which they provide goods and services. Corporate social responsibility, otherwise known as CSR, has been a topic of interest for centuries. However, the modern era of social responsibility didn’t begin until the 1950s when Howerd R. Bowen (often attributed as the Father of Corporate Social Responsibility) published Social Responsibilities of the Businessman in 1953. Here he presentedRead MoreCorporate Social Responsibility in Nepal1457 Words   |  6 PagesEssay on Corporate Social Responsibility in Context of Nepal Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. While there is no universal definition of corporate social responsibility, it generally refers to transparent business practices that are based on ethical values, Compliance with

Global Warming And Its Effects - 2015 Words

Global Warming is one of the most impactful issues confronting our planet. It is the rise in the temperature of the world s surface air, and is a standout amongst the most present and generally examined components. It has great effect on the climatic states of the planet as well as on biodiversity. A few test and inclines unmistakably exhibit that global warming is straightforwardly affecting the rising ocean levels, the softening of ice glaciers, and critical overall atmosphere changes. To sum it up, global warming speaks to be a major danger to every living thing on earth as we know it and will continue to do so if no changes are made to retract it. Worldwide normal temperature climbed essentially in the previous century. The†¦show more content†¦As a result of the imbalance of care which we have made between our life and earth is, as of now giving the â€Å"hints of disasters such as water surges, tornados, avalanches, wave, dry spell, and so forth† (Romps, 2014). If this lack of care keeps on rising, one day this will rise to question the stability and at worse, the presence and survival of this planet. Carbon dioxide which is an imperative constituent of environment is bringing about a warming impact on the world s surface and this impact has the power to ultimately affect the life and functionality of this planet earth. Carbon Dioxide expands the vanishing of water into the air. Since water vapor itself is a nursery gas, this causes still all the more warming. The warming causes more water vapor to be dissipated. The C02 level is expected to ascend in the future because of the progressing blazing of fossil fuels and land use change. The rate of rise will depend to a great extent on dubious monetary, sociological, mechanical and common advancements. Different gasses, for example, methane, CFCs, nitrous oxide, tropospheric ozone are likewise in charge of a dangerous atmospheric rise, contributing to global warming. Increments in all these gasses are because of hazardous populace

Fire Safety Case Analysis Free Essays

TO: Mike Carey – Vice President of Marketing FROM: Cristian Oana – Marketing Consultant DATE: 28/01/2001 SUBJECT: Pricing strategy of future FSI product line. Purpose and Overview Please review the following sections based on your current pricing strategy and market research as well as future recommendations. The report contains a SWOT analysis that will highlight the need for a switch in pricing strategy from the current Value Based pricing to Price leadership. We will write a custom essay sample on Fire Safety Case Analysis or any similar topic only for you Order Now FSI is the only manufacturer of the HERO line product having only one competitor (Guardian) which currently holds a market share of 42%. This fact underlines our company standing as an Oligopoly and allows us to lead the way in price determination. Summary of Past and Current Situations Self-contained breathing apparatus systems are worn by fire and rescue personnel in hazardous situations where smoke, poisonous gas or low levels of oxygen inhibit search and rescue operations. FSI has been the leading provider of the digital breathing apparatus system since 1990 holding a consistent price of 1485$ per unit. Almost 100% of FSI’s business is conducted with U. S. fire and rescue departments that belong to regional purchasing organizations. Contracts are one year in length with the exception of the California Region. In 2001 FSI increased the price by 5% to increase revenue. In 1995 Guardian introduced their own product line-up and managed to capture up to 42% market share. Their current cost is 1500$/unit. The challenges FSI currently faces is weather a further increase in price will keep its current market share despite competition and maximise revenues for the future. An appropriate pricing strategy must be chosen to ensure the HERO lines’ life cycle. Based on the items highlighted in bold in the following SWOT analysis, a price leadership strategy is recommended. SWOT Analysis STRENGTHS * Unique product line that uses reliable digital equipment. * Fire Safety Inc. has a very well established brand name in the domestic market * Fire Safety Inc. provides the highest quality equipment at an affordable 1560$/ unit. * Increased sales despite 5% price increase * Since Fire Safety Inc. s very successful in the domestic market it established financial resources to possibly expand to foreign markets * Current market situations indicate an Oligopolistic environment * Product is familiar to US consumers – identified need for future equipment as stated by law| WEAKNESSES * The established ten year market perception for the price of the product. * No significant product line changes or updates which the competition may take advantage of. * No pa tent protection which may yield more emerging competition in the future. * HERO – brand name is not well known outside the domestic market. Company’s variable cost per unit of $560 may be high. | OPPORTUNITIES * New standards require fire and rescue departments to convert to digital technology. * Opportunities for gaining market further share and profit maximization. * Opportunities to achieve higher level of profit * New product innovations that can be incorporated into existing product line * Opportunity to expand to other foreign markets * Extending contracts to 3 years across the US to guarantee constant sales. | THREATS * Guardian has a manufacturing cost advantage compared to FSI that resulting from sophisticated production equipment.. FSI may experience loss of market share due to only one year contracts. * Loss of profitability due to increased prices. * Difficulty in gaining market share from competitors. * Guardian is offering a very similar product at a simi lar price| Assumptions on Which the Strategy is Based a. The market will remain an oligopoly. b. FSI will remain the leader of digital breathing apparatus systems. c. The National Institute of Occupational Safety and Health will not change legislation regarding safety in the near future. d. Guardian may increase pricing as well due to FSI’s price increase. e. The state of limited competition will be retained for the following year. f. Proven reliability and results may capture further market share despite price increase. Pricing Strategies That Emerge From SWOT Fire Safety Inc. has a very well established brand name in the domestic market holding a leading market share of 58%. FSI estimates that the market will grow by 44% in 2002. For the past 11 years, the HERO lineup has enjoyed increased sales year to year by providing top of the line Digital Breathing Apparatus Systems. Currently, FSI is the leading manufacturer and distributor of these systems. Despite the 5% increase in price for 2001, sales have increased showing no signs of market response. Our competition has their product line set at a slightly lower price (1500$/unit) which indicates a clear weakness in an established market led by our company. Price leadership â€Å"An observation made of oligopolistic business behaviour in which one company, usually the dominant competitor among several, leads the way in determining prices, the others soon following. The context is a state of limited competition, in which a market is shared by a small number of producers or sellers. This pricing strategy is perfect for FSI, having only one competitor and a successful sales record. Summary and Request for Action A further price increase is recommended for 2002 taking into account the above highlighted facts. There is no reason to believe that FSI’s market share will drop and based on the previous year’s sales adding $3,548,625 to the bottom line it is a clear indicatio n that a Price Leadership strategy is crucial to the company’s success. In an Oligopolistic environment, it is the ideal choice. How to cite Fire Safety Case Analysis, Papers