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Social Responsability

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on 18 January 2013

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Transcript of Social Responsability

Social Responsibility -Social responsibility is a company's sense of responsibility towards the community and the environment in which it operates. It is a company's duty to work in the best interests of the society it relies on in order to improve their image.

-Companies can demonstrate social responsibility in a variety of ways, such as donating funds to education, arts, culture, and underprivileged children. Positives - Obtain good public relations
- Boost morale Internally
- Helps to attract new employees as well as keep
current ones
- Dissuades governments from creating regulations
- Long term profits Negatives - High cost
- Distracts customers from problems a
company creates.
- Idea of Social responsibility is different for
each country Nike Child Labor Nike admits that they blew it. Their biggest mistake was in Pakistan. Nike thought it had tied up with responsible factories in Pakistan that would manufacture well made footballs and provide good working conditions for workers. Instead the children were the ones working during this process.

- Employed children in 3rd world countries
- Children as young as 10 making products

Mistakes, however, continued to happen. In recent years, Nike has been criticized for its employment of child labor in Cambodia, but the company defended itself by saying fake evidence of age could be bought in Cambodia for as little as $5.

Once these stories were leaked Nike's image took a huge blow, sales decreased and millions were spent on fixing the issues before it got even worse. Reputation is more important than ever to sales, shareholder value and attracting employees. And corporate responsibility is an increasingly vital element of reputation. But this does not mean that we can depend on the enlightened self-interest of corporate management and boards of directors to ensure that human rights and the environment are safeguarded.
It is for this reason that community groups that concentrate their efforts on consumer boycotts, shareholder activism and partnerships with business will often only be able to achieve superficial reforms rather than fundamental change. Real long-term change will involve the cultivation of grassroots power to oppose the muscle of companies whose fundamental products or ways of doing business need to be changed. and not working on
the project Reputation is more important than ever to sales, shareholder value and attracting employees. And corporate responsibility is an increasingly vital element of reputation. But this does not mean that we can depend on the enlightened self-interest of corporate management and boards of directors to ensure that human rights and the environment are safeguarded.



It is for this reason that community groups that concentrate their efforts on consumer boycotts, shareholder activism and partnerships with business will often only be able to achieve superficial reforms rather than fundamental change. Real long-term change will involve the cultivation of grassroots power to oppose the muscle of companies whose fundamental products or ways of doing business need to be changed. Ahhhh! Dagger - Aka Jonathan Hostovsky Here we see a map of child labor risk across the world. In some parts of the world, getting paid under 5 cents is normal for workers and other places it's not acceptable. Most of Asia is in extreme risk of of child labor due to social responsibility being ignored and taken advantage of in order to make more money with the least amount of expenses possible. Social responsibility is being enforced more in order to prevent things like these from happening and creating a better environment for everyone in the world.
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