Discussion 1
Megan
CSR, or Corporate Social Responsibility is a businesss moral responsibility to support society, such as taking a stance on social or environmental issues, while still backing their stockholders. Large businesses have the benefit of a major platform to support movements in a way that an individual group may struggle to do so. Not only is their voice beneficial when taking a positive stance on an issue, but even more importantly their contributions to help back the cause. When businesses support a cause, it creates a huge source of funding which helps to elevate the movement and heighten its impact.
Two examples of socially responsible businesses:
Lego Group: The Lego Group places a large emphasis on environmental and social issues. They are ranked #1 for having the best corporate reputation. They value their relationships, work to decrease their environmental impact, and work with children in communities worldwide (Lego, 2020)
Levi: The textile industry is one of the highest ranked causes of pollution around the world. The people who work in factories finishing denim using techniques such as sandblasting are exposed to deadly chemicals which have been found to cause cancers and breathing issues. Levi took a stance and promised safe working conditions and put a huge emphasis and investment on their workers well being, and ensuring the use of an ethical supply chain (Levi Strauss, 2016).
Businesses use their CSR in their strategic plan by implementing projects that can help to support their stance on a given social issue. It is also common for people to build stronger brand loyalty with businesses who have the same ideals as you do as a customer.
Lego. (2020) About us: Sustainability. Retrieved from londonessays.com (Links to an external site.)
Levi Strauss. (2016). Worker Well-Being Implementation Guidebook. Retrieved from londonessays.com (Links to an external site.)
Beverly
Corporate social responsibility (CSR) is the responsibility of a company to participate in initiatives to give back to society in which they operate, in order to make the world a better place. In the text, it states, that these initiatives can be philanthropic, ethical, legal, economic, and environmental in nature (Abraham, 2012).
Name two examples of socially responsible companies you know and explain why you consider them so.
(GOOGLE), Beside
s being the worlds most popular search engine, Google also achieved its 100 percent renewable energy target in 2017 and is now the largest corporate renewable energy purchaser on the planet. As if that wasnt enough to earn a spot at the top of the corporate social responsibility totem pole, the company also provides grants to several dedicated social impact initiatives, including the Equal Justice Initiative, Goodwill Industries International, and Pratham Books: Story Weaver platform. (G. ALLISON, 2020). Google is still at an all-time high in my book they give great commune to its followers and helps in different ways even through their employers.
The LEGO Group is one of the most notable examples of how social responsibility can be an incredible asset to a well-known brand. Their dedication to social impact is somewhat recent (a 2014 Greenpeace video put pressure on the toy maker to end their 50-year partnership with Shell Global due to their plans to drill in the Arctic), but the extent of their commitment has made the Danish company a shining example of the far-reaching impact of CSR. (G. ALLISON, 2020). It was rank at an all-time high by its reputation and listed as one of the important companies in the world.
In the first week, I chose Healthcare Administration as the strategic planning is in healthcare and, fortunately, the answer is simple. Strategic health planning involves creating objectives and setting goals for where a company would like to go in the future, and then constructing a plan to achieve these objectives. In this industry especially, healthcare planning must consider potential government policy changes, technological advancements, and economic trends that could change an organizations operations significantly. (Strata Decision, n.d.). They are composed of many components, they are operating on several levels, such as patient care, financing, healthcare systems must plan for future in more than just one way. In the healthcare field, strategic planning should never go unnoticed by neither facility rather its hospitals nor the health system, they are all looking to succeed not just for the short term but long term as well.
References:
Abraham, S. (2012). Strategic management for organizations. Retrieved from londonessays.com
ALLISON, (2020). Classy, 6 Socially Responsible Companies to Applaud Retrieved from londonessays.com