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PRIMARK - BEYOND SOCIAL RESPONSIBILITY
Transcript of PRIMARK - BEYOND SOCIAL RESPONSIBILITY
Analyze why the HERproject has been a business success, over and above improving the well-being of the workforce.
Explain the basis for a company undertaking CSR activities.
Evaluate to what extent you think Primark has been able to reconcile the interests of its shareholders and those of the employees of its suppliers.
Describe what is meant by CSR.
Act and trade ethically
Take responsibility for factory workers
If the stakeholders are happy to work in the company, they will provide better results.
Helps people look after themselves
Encourages women to learn the local culture for practical knowledge and personal self-confidence
Reinforces supportive relationships
Offers a factory quality inspector and peer educator to teach importance of clean water
Helps over 50,000 people - so simple yet surprisingly powerful
Generated pubic interest how the product is made
Lowered cost of production while improving company fidelity
Maximized profit, therefore satisfying shareholders
Shareholders and employees felt proud of their product and will speak of Primark as an example of an ethical business.
"The responsibility that a business has towards
its stakeholders, to deal with their needs fairly"
Promoting ethics in and out of the work place
Volunteering and supporting charities are two ways to demonstrate CSR