Csr(References) - 1138 Words

How relevant is CSR in todays business agenda? Corporate Social Responsibility is described as being a company’s ethical, economic, environmental, social and legal attitude towards its stakeholders in order to establish long-term success (Crane at el, 2008). These issues have come to have an important role in the running of a business in recent years. CSR was developed over a number of years and has been researched by professional economists. There are many arguments in favour of and against the CSR strategy. A company that adopts and operates the CSR can gain control over a variety of sectors, including shareholders and stakeholders. In brief, businesses can generate maximum profit and reduce potential risk by adopting the CSR strategy†¦show more content†¦According to Joell Brohier-Meuter, however, Asian countries launched such societal policies as Green Social, Harmonious Society and Business Ethics policy. Therefore, multinational companies need CSR for expanding their business. This source explores the role o f multinational business activity and outlines the factors of CSR in running a business. In addition, it shows a variety of elements, which can affect a business’ success or failure. Crane, A., Matten, D. and Spence, J. L. (2008). Corporate Social Responsibility. Routledge. In this book, Clane et al (2008) states why companies need the CSR strategy in many areas of their activity: increased social awareness, as a result of global warming; major disasters; social consciousness and media pressure. The book explores each of these factors and analyses how a business can overcome its weakness and create opportunities. This source explains the overall advantages to a business and it details the benefits of running a business. Furthermore, this source is highly influenced by a business’s social performance, purpose and adherence with Corporate Social Responsibility. Friedman, M. (1970). ‘The Social responsibility of business is to Increase its Profits’. Place of publication: The New York Times Magazine, 13 September 1970. Available atShow MoreRelatedBusiness Case Study : New Balance1610 Words   |  7 Pagesathletic footwear industry, the company faced challenges in the realm of CSR in the areas of human and labor rights issues in the supply chain, increasing demands for transparency, greenhouse gas emissions regulation, and health, safety and product stewardship. While CSR is an embedded part of New Balance’s values and mission, the company lacked public awareness of its CSR activities due to the fact that the company did not have a CSR department and fact that the owners were hesitant to talk about socialRead MoreParadigm Shift of Firms from Capitalism to CSR (Rationale) The integration of social700 Words   |  3 PagesParadigm Shift of Firms from Capitalism to CSR (Rationale) The integration of social responsibilities in business that emerged with the financial capitalists spurred a fierce debate on whether or mot CSR should be included in the corporate objective function. the earliest reference to such criticism appears to be Ghent, who in 1902 criticized this new trend for its similarity to the economic feudalism of the middle Ages, and who argued that CSR was being used as a tool for forestalling public criticismRead MoreIs Corporate Social Responsibility a Way to Cover Exorbitant Charges1268 Words   |  6 PagesContents 1. Introduction 2 2. Motivations behind CSR 2 2.1 Self-Interest 2 2.2 Ethics 2 3. Arguments for CSR 3 3.1 Innovation 3 3.2 Cost-Saving 3 3.3 Brand Differentiation 3 3.4 Long-Term Thinking 3 3.5 Customer Engagement and Employee Engagement 3 4. Arguments against CSR 3 4.1 Misdirections 4 4.2 Controversial Industries 4 5. Conclusion 4 6. References 4 Is Corporate Social Responsibility a way to cover exorbitant charges? 1. Introduction Various authors have different definitionsRead MoreCorporate Social Responsibility : Business Communication And Technology835 Words   |  4 PagesExample – Carnival Australia 3 Conclusion 4 Recommendations 4 Reference List 5 Appendix 1 6 Appendix 2 7 â€Æ' Corporate Social Responsibility Introduction What is Corporate Social Responsibility? The responsibilities a business has to the environment, society, and public health (The Triple Bottom Line Approach, refer to appendix 1) are major factors in relation to the long sustainability of a corporation. Corporate Social Responsibility (CSR) is a means by which an organisation can incorporate self-regulationRead MoreImplementation of Corporate Social Responsibility Programs by Foreign Subsidiaries716 Words   |  3 PagesHow can a foreign subsidiary located in the United States improve its CSR in the United States? Are attitudes toward CSR in the United States changing as more foreign subsidiaries locate within the United States? How, and why? Foreign subsidiaries need to start with a well-planned and defined strategic plan if they are to succeed with their Corporate Social Responsibility (CSR) programs, taking into account value creation, risk management and corporate philanthropy as part of their strategic visionRead MoreHow Remuneration Is Determined in Csr1202 Words   |  5 PagesHow your Remuneration is Determined 1. INTRODUCTION CSR staff are paid an annual salary, along with company superannuation contributions and annual leave loading. In the case of senior staff, the salary and benefits are combined as a remuneration package. The processes for determining annual salaries and fixed remuneration packages in CSR are the same. All references to salary in this document relate equally to both salary and remuneration package. Senior staff however, should also referRead MoreCorporate Social Responsibility And Its Impact On The Food Industry996 Words   |  4 Pagesfood industry, as this sector has strong impact and high dependence on the economy. CSR threats and responsibilities are increasingly shifting from single firm level to the food chains and network. Over the past decade, there has been substantial evolvement in CSR as a response to perceived limitations of governmental regulations such as privatization and globalizations. Another main reason for rising relevance of CSR is shift in values and preferences of more affluent citizens in western society asRead MoreTo What Extent Is Csr Beneficial to a Companys Performance1184 Words   |  5 PagesTo What Extent is CSR Beneficial to a Company’s Performance? Corporate social responsibility (CSR), which is a popular debate topic over decades, has divided into five major dimensions over time. They are known as the stakeholder dimension, the social dimension, the economic dimension, the voluntariness dimension and the environmental dimension in research (Dahlsrud, 2008). The relationship between CSR and company’s performance, which is classified as the stakeholder dimension, aroused a controversialRead MoreThe Relationship of NGOs and CSR813 Words   |  3 PagesThe essence of Corporate Social Responsibility (CSR) is that businesses should be self-regulating in their strategic and tactical business models that ensure they are in compliance with the moral, ethics, and standards of stakeholder expectations and the law. The goal, of course, is to encourage moral actions so that it does not become necessary for governments to legislate compliance (Kotler Lee 2003). CSR has been increasingly important in the global arena after the Enron scandal, and is a trendRead MoreThe Benefits of Implementing Corporate Social Responsibility Programs965 Words   |  4 Pagesdiverted form landfill (Bell, 2009). These facts show that Bell as same as Rogers, also take a proactive stance facing the environmental issue. They contribute to the charitable fund and make full use of renewable resources. Compared with the CSR programs of Rogers and Bell, it seems clearly that the big companies are more and more willing to give generously to charity. Actually, some people have already wondered what was that for? According to Bansal, Maurer and Slawinski (2009), â€Å"by corporate

Ebay Strategy Free Essays

Short history of eBay Pierre Omidyar launched the first online auction in 1995 under the name ‘Auctionwatch’ under the domain name of www. eBay. com with the intention of creating a person- ­? to- ­? person trading community based on a democratized, efficient market where everyone could have equal access through the same medium, the Internet. We will write a custom essay sample on Ebay Strategy or any similar topic only for you Order Now The initial concept was to attract neighbours and other interested in the San Francisco Bay area residents to the site to buy and sell items of mutual interest. From there, the business grew to succession year after year. 1996: Jeffrey Skoll became co- ­? president and director of eBay. 997: Margaret Whitman became CEO of eBay. 2004: eBay acquired a share in Craigslist. 2005: eBay acquired Rent. com and Shopping. com. 2006: Acquisition of Skype. 2007: eBay acquired Stubhub. com. 2008: Margaret Whitman resigned as CEO. John Donahoe was her successor. During the years 2006- ­? 2008, eBay experienced a drop in gross merchandise sales to - ­? 12% and a reduction in number of auctions listed to - ­? 15%. This signalled a downturn in business for eBay, and a need to overcome the challenges which it now faced. Between 2006 and 2008 : eBay’s share of the US e- ­? commerce market had fallen from 19% to 17% (Amazon market hares, same period: from 3,7% to 5,3%). In 2008, John Donahoe took over the firm. Donahoe was a man who liked change. He believed that the firms marketplace sector had reached its maturity and a change in strategy was needed for the firm to move forward. In other words, he believed that the emphasis should no longer be put on the market place sector of eBay but on expanding the business by providing an array of other services. Question 1: Porters’ five forces: When eBay was first set up in 1995, it was the first business in the online auction industry. Since then, the industry has grown significantly. eBays competitors include Amazon, uBid, Yahoo, and Google. Due to the increasing interest in the online auction industry, eBay is now facing competition from a number of different rivals, most importantly Amazon. 1. Bargaining Power of buyers: Medium Buyers have the power to negotiate a price which suits them through setting their preferred bid. There is no pressure on buyers to surpass their preferred price limit. However, the number of buyers in the market is vast therefore their power is limited. 2. Bargaining Power of Sellers: Low As a result of endless number of sellers in the market, the bargaining power is low as there are many alternatives which an offer buyers good value and at a low price. Unless dealing with high end items or collectibles, which may be rare, the bargaining power of suppliers is low. 3. Existing Rivalry among competitors: Medium: The online auction industry is oligopolistic in the sense that there are a few large companies who own a large proportion of the market shares (eBay, uBid) . However eBay is facing competition from several online retailers (Amazon, Overstock). 4. Threat of Substitutes: High Many consumers still prefer to use traditional methods for purchasing and selling items such as in- ­? store purchases. Consumers prefer to use this ype of purchase for many reasons. Firstly for security purposes, there is no risk in giving cash- ­? in- ­? hand to an establishment as opposed to giving credit card details online. Also, buyers have the opportunity to check the value of the good they wish to purchase. Many retail outlets have also extended their market to an online level. 5. Threat of new entrants: Medium The threat from new entrants is medium. As a result of low barriers of entry into the market, it is not difficult for businesses to be created. Businesses find it difficult to generate regular customers, as they must build up a reputation of having a safe nd secure website. In this sense, eBay has a competitive advantage as it has created a stro ng, trusted environment for its customers. Rising competition in the market will, in turn, cause improvements in product quality and innovation. Also in order to generate good profits, eBay must focus on the sector of suppliers which regulates the most profits, this being the suppliers of high end items such as collectible products. EBay can differentiate by specialising in the market for collectible goods. Question 2: PEST Analysis:  §? Political: The internet is a tax free environment. EBay is not affected by the governments’ laws on axes. However, eBay is affected by certain policies considering the sale of certain products in different countries. For example, the CNIL in France. Economical: As a result of the economic crisis, consumer behaviour is changing. Consumers have less disposable income to spend caused by problems associated with the economic downturn such as rising unemployment rates, inflation rates etc. Sociological: Consumer behaviour has changed dramaticall y in recent years. Consumers want a quick and convenient way to source their products/services; the internet provides this through online retailers and auctions. The number of internet sers has amplified (insert statistics later? ). Technological: The internet has revolutionised, its range of activities has expanded with time. Along with offering search engines to quickly find products/ services, internet now makes it possible to quickly make transactions between buyers and sellers (PayPal).  §?  §?  §? The combined aspects of political, social, economic and technological will strengthen competition in the industry. In reference to economical, the economic crisis will cause companies to differentiate and work harder to find a competitive advantage over its rivals. In relation to technological, the use of e- ­? ommerce is becoming more and more popular; it has transformed the market place. Changing demographics has meant the internet and e- ­? commerce has become a more pro minent force in the lives of consumers. E- ­? commerce is appealing as a more attractive industry as opposed to traditional retail outlets. It is less expensive for companies to create a business online as they can avoid the cost of employing a sales workforce. Also, as technology progresses, there will be the opportunity for firms to globalize, therefore expanding their market reach into different countries, and increasing their consumer base. Online businesses ill be able to target a larger number of consumers worldwide. In the current economic crisis, people need to increase their cash flow. This is an advantage for online auctions such as eBay as people can sell items that they no longer use. It creates a larger market for second- ­? hand items such as worn- ­? once clothing. Question 3: Key Success Factors: Online auctions and retailers †¢ †¢ †¢ †¢ †¢ These key success factors apply to both online retailers and online auctions. However, in the cas e of the online auctions, a key success factor would be the necessity to create a community of trusted buyers and sellers. Online auctions uch as eBay emphasise the importance of good values among their users such as honesty and trustworthiness. A second key success factors for online auctions is the importance of attracting and keeping sellers as without sellers supplying the items, the market would not exist. It is essential that online auctions are made attractable to sellers. This can be done by offering suppliers the option to set a minimal price for their products, further advertisements of their products e. g. eBay will display sellers products on their homepage for a minimal fee. As shown, there are specified key success factors for online auctions. †¢ Necessity to create a community Necessity to attract suppliers Expertise in technology Brand name Generate traffic to the site: by attracting and keeping customers Overcome internet users nervousness about using the inter net for e- ­? commerce Security of payment Question 4: Our strategic map conveys that this is an oligopolistic market. There are two main competitors who hold strong positions in the market, those being eBay and Amazon. Both businesses have a strong reputation in the market combined with a wide variety of auctions/product categories. EBay is a household name when it comes to online auctions. The map shows hat eBay holds the strongest position in the market. Amazon lacks in number/variety of auctions compared to eBay but it still managed to hold a strong position in the market through its well- ­? established brand name. In comparison with eBay, Yahoo holds a weak position in the market. It lacks in brand recognition as an online business. Yahoo also has a limited variety of auctions paralleled with the market giants eBay and Amazon. Question 5: Swot Analysis  §?  §?  §?  §? Strengths: Global brand for online auctions (Brand awareness). Quality and Quantity of products. C ommunity spirit. Payment security (Paypal). Opportunities: Acquisition of new business. Develop a market in emerging countries (India, Brazil†¦). Increase in online shopping.  §?  §?  §? Weaknesses: Model opened to fraudulent activities. System breakdowns. Increasing customer demands Threats: Substitute products (stores, online shopping web sites†¦). Success attracts competition. Interest and foreign currency exchange rates. Consumers’ fear of fraudulence  §?  §?  §?  §?  §?  §?  §? The SWOT analysis reveals that eBays strengths outweigh its weaknesses. eBays most promising strength is its globally known brand name. EBay has been established as a household name with its continued success in the - ­? commerce industry. It is still possible for eBay to expand and grow in this industry due to the increasing interest in online shopping. A notable weakness of the online commerce industry would be its systems openness to fraudulence. This has been faced by many businesses in the market including eBay. Even th ough eBay was subject to controversy over this problem it has still emerged in a strong position nevertheless. Question 6: After computing the current ratio, we found that the company is able to pay its liabilities with its assets. 2005 2006 2007 Current Assets Current Liabilities 3990993 1266792 4970586 2518395 7122505 099579 Current ratio = current 3,15 1,97 2,30 assets /current liabilities It means that in 2007, the company can reimburse its liabilities with its assets 2 times. We noticed that the net income is decreasing (- ­? 70%). In fact, the gross merchandise sales are decreasing (- ­? 20%) and the auction listed too (- ­? 14%). The working capital shows us that eBay has enough cash available for the firm day to day operations. Working capital = current assets- ­? current liabilities 2005 2006 2007 2724201 2452191 4022926 The average collection period in 2007 is about 22 days. That means the company wait just 22 days before receiving the How to cite Ebay Strategy, Papers

Mobile Phones A boon or a bane free essay sample

Is a knife useful instrument or a perilous weapon? It depends on how it is used. Same implies with the case of technology. The greatest invention are those which affect the mass of people; and of those greatest invention is cell phones .It would be very ungrateful on our parts not to recognise how imperative are they to us. Cell phones have revolutionised the human existence .This is possible only because they are getting cheaper and cheaper day by day. Discounted cell phones accessories have made it even easier to keep the phone intact and give it a longer life. Undoubtedly , if cell phones are in right hands ,then they are a marvel ! Firstly they are proved to be a gratuity on the account of uniting not only the country but the entire planet as a â€Å"global village†. No matter how far we are sitting we can gossip anytime anywhere! In fact it’s bliss to the parents as well as children . We will write a custom essay sample on Mobile Phones: A boon or a bane or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Parents can every time monitor their children and children are also safe. If anyone is in any kind of danger s/he can call for help immediately . It arrests mishaps. The delight of watching favourite tv shows, songs, etc is unmatched; as now cell phones are embedded with all high tech features. Also discounted cell phone accessories have added cherry on the top. Accessories such as wireless Bluetooth handset (can be used to talk without even locating the cell phone ) , cases and pouches (keeping the phone intact and out of harms way ) , charger ,adapter battery covers ,screen protectors are so easily available that they help people to uphold their cell phone with an ease. There are always two sides of a coin . The Time creation aspect of technology has posed a peril which we keep ignoring .The cell phones have progressed rapidly at the rate of knots. Also at the same time they have provide us with a cushion to challenge more task than what we would have attempted if cell phones would have gone on a French leave! This invites element of multitasking. This deprives a person of enjoying his own hard earned money! Also when a person is multitasking rather than completing a single task he merely juggles between a huge number of tasks. This causes burden and hence results in Stress . Stress is a bane to the modern era. Due to our ill capacities of not understanding the correct usuage of resource, our life has turned into a Frankenstein’s movie! Also cell phones have made terrorist attacks in the world very easy. This has become a global matter of concern .Not going far beyond and viewing things aerially and focusing solely on our lives children are growing in precocious manner ,which is again a big matter of concern for parents .Also discounted cell phone accessories have made it easier for children to buy them and keep them unnoticed! They burn their time to ashes by playing games on it, listening songs etc. Instead of going out and playing, they stick to their easy chairs or couches and play games on their phones , which turns their reflexes into slow responses! We have heard of batteries blasting when they were put to charging. This is again on the account of using discounted cell phone accessories .The retailers replace the original piece with duplicate ones, to which customers are totally unaware of. Over utilisation of any resource is harmful . Now mobile phones have interweaved into our lives so much ,that some have started considering it as an inevitable part of their lives. They are addicted to it like a drug addict is addicted to drugs and some have gone even worse! This has consequently given rise to new phobias! Such as Nomophobia (the fear of being out of cell phone) ,Phantom ring (imagining call phone to be ringing when it is actually not) , Human antenna (holding phone high up in the air so that it can catch signal! )and so on. Not only this usage ,of cell phones driving have contributed 10% to the road accidents. We should always remember , that there lives a wise man between the valley of two mountains. Plain and pleasure are a result of modern technology . Usage of cell phones as a boon or a bane ; the answer lies in our hands!