Canadian Tire: Corporate Social Responsibility

1. In order to implement an organizations commitment to social responsibility it is necessary to identify what social problem the organization intends to address, develop policies on what the organization plans to do to successfully fulfill its obligation and ensure stakeholder buy-in. The main obstacles an organization faces when implementing socially responsible policies is pressure from stockholders and business analysis who want steady increase in earnings. Without steady increase in profits, it becomes difficult to reinvest money in these areas. The following actions can be taken toward increased social responsibility:

Q.2.2)Social responsible is a program that maintains that businesses are part of the society in which they live in…“the company has provided fellowships to China, donated laboratories for local colleges and funded small and medium-enterprises through incubator project’ ’They hire locals because they know the environment and customer’s demand.

It is often said that a structure is only as strong as its foundation. This same principle can be applied to a business. In this case, the foundation is the stakeholders and the company’s corporate social responsibility strategies, both of which play a crucial role in the long-term success (or strength) of the company. Bombardier is a Canadian aerospace and transportation company which was founded in 1942 in Valcourt, Quebec as a snowmobile company. As its success grew, Bombardier expanded into one of the world’s leading transportation manufacturers; a multinational company, and evidently a highly successful one. The focus of this report, however, will not be on the overall success of the company, but on the company’s disposition

In a democratic capitalist society being an activist investor is totally legal. The problem with those activists buying large position in companies is that they influence in the market, they buy up stock and force short time fixes that drive up the stock price so they manipulate stocks in they own interests.

Socially responsible investing (SRI), also known as sustainable, socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social good. This paper would argue that SRI is not only beneficial because it is sustainable policy but also that it yields almost the same or even higher returns for its investors. First, paper would give general information about SRI, its history and development issues. Then, it would focus on the financial returns to shareholders and argue that return on investments for companies that adopted SRI in their policies is the same as the general market. Finally, it would talk about what are the future prospects for companies that adopted SRI policy despite some of the latest drawbacks.

Currently, there is a wide divide in the landscape of social enterprise finance. On one side, much of the available supply of impact investment capital is seeking a “sweet spot” where attractive financial returns combine with positive social, economic or environmental impact. Meanwhile, there is an unmet demand from social enterprises that are operationally and structurally ready to absorb financial support (Stanford Social Innovation Review, Spring 2014).

Most companies today are intimately involved in social programs that have no direct connection with the bottom line. These programs include everything from support of the arts and urban renewal to environmental protection and education reform. But like all aspects of social management the act of social responsibility needs to be carried in an

Sustainable impact investing is not necessarily something new, but rather just the next step in the evolution of socially responsible investing strategies. Some differences between traditional financial investing and impact investing are that traditional financial investing is simply concerned with profit maximization; on the contrary, impact investing has a dual goal of not only making a profit but also causing positive social and/or environmental improvements. This type of investing involves more of a positive, proactive and comprehensive review of a company to provide for a more robust picture of its operations and social, as well as economic impact. Acumen is different from regular capital in that it has a higher tolerance for risk, longer time horizons and prioritizes the needs of end customers over that of shareholders –

Examine Apple’s current position on the company’s ethical and social responsibilities, and determine whether or not the company has met these responsibilities. Provide two (2) examples that support your position.

Nowadays, large businesses have gone beyond the traditional roles of creating, producing and selling goods in order to get a profit. When a consumer makes his decision about buying some product he takes into account the social and ethical aspects which the manufacturer stands for. This is called a socially responsible investment and it is a very important for a tobacco industry not to miss the trend and use every possibility to develop a positive ethical image of a company. Fair employment practices, environmental protection, community relations, philanthropy and sponsorship of cultural events and educational programs became the essential elements of a business plan for every large corporation. Major tobacco companies became trendsetters

Investments the company will engage will consist only of investments with high moral and ethical character. The management, after a thorough investigation of their background and subsequent accolades should be of the highest standard of integrity. Any form of misconduct or misdeeds in the recent past will disqualify the company from investment. Through social investments, the company can increase resources dedicated to the overall socially conscious initiative and create ways by which the same money can be reinvested over and over again. Below are three categories which should help in assisting the selection of socially responsible investments.

This paper explores the importance of social responsibility within corporations. This paper also explores “The Social Responsibility of Business is to Increase its Profits” by Milton Friedman and his stance on social responsibility. Friedman believed that corporations should not waste money on new initiatives if it was just to appease the public, especially if it went above what laws required. Examples are shown how corporations must listen to the customer or it could hurt the profitability of the corporation, with social media being a big tool to press issues. Also discussed are laws that support socially responsible initiatives such as pollution reduction that direct and provide incentives for businesses.

While it is important for a company to make a profit, a business also has a responsibility to help better the community, this is referred to as a company’s Corporate Social Responsibility (CSR). Some elements of CSR that corporations focus on are sustainability, community service, and consumer affairs. A company’s CSR is featured on its website, however, some corporations fail at following through with their social and environmental responsibilities. For example, Gazprom, a Russian company focused on exploring new ways to use natural gas, plays a large role in the destruction of many natural environments. Gazprom was founded in 1989 and it is headquartered in Moscow, Russia. Gazprom’s website highlights many charitable acts done by the company, but it does not mention much of what the company has done in terms of the environment. This is because Gazprom is notorious for being environmentally unfriendly. Not only is Gazprom unconcerned with the environment, the company also abuses its strong market power and charges unfair prices to customers.

Corporate Social Responsibility Vs Corporate Sustainability in India: A case study on Aditya Birla Group

If you were to ask a successful investor what he or she would do differently from the beginning of their investing years, you might be surprised at the response. The learning process in investing is important, but if you can avoid the same mistakes others have made, you will gain the edge in this business.