An Improved Reputation laire was recently promoted to the newly created position of CSR manager for a regional oil distribution company. C long ago of a smal oil leak in one of storage tanks. Fortunately, the oil didn't leak into the water supply, but the Environmental Protection Agency (EPA) is still testing the soil to verify if any of the leaked oil reached groundwater levels. The owner of the company, Mr. Jones, promoted Claire from the marketing department so that the company could polish its brand with a "new environmentally friendly message." Claire considers herself to be very environmentally responsible. She recycles everything she can; she drives an electric car; she participates in neighborhood cleanup events; and she only buys from companies with strong CSR reputations. In her first meeting with Mr. Jones, Claire receives very clear instructions: "We took a double whammy here Claire. The cleanup for the leak will cost a ton of money, and even though oil prices are at historic lows, we're losing customers because of the leak story. I need some quick ideas to turn our reputation around without spending any money, and I need them yesterday." QUESTIONS 1. What type of CSR approach is Mr. Jones looking to adopt here? Read the definitions in the following sections for more details. 2. Would you say that Mr. Jones' statement represents a sincere commitment to CSR practices at the oil company? Why or why not? 3. What should Claire do now? Research the CSR initiatives of some regional oil companies for ideas,

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Transcribed Image Text:An Improved Reputation CR laire was recently promoted to the newly created position of CSR manager for a regional oil distribution company. Not long ago the company had received negative media coverage as a result of a small oil leak in one of its storage tanks. Fortunately, the oil didn't leak into the water supply, but the Environmental Protection Agency (EPA) is still testing the soil to verify if any of the leaked oil reached groundwater levels. The owner of the company, Mr. Jones, promoted Claire from the marketing department so that the company could polish its brand with a "new environmentally friendly message." Claire considers herself to be very environmentally responsible. She recycles everything she can; she drives an electric car; she participates in neighborhood cleanup events; and she only buys from companies with strong CSR reputations. In her first meeting with Mr. Jones, Claire receives very clear instructions: "We took a double whammy here Claire. The cleanup for the leak will cost a ton of money, and even though oil prices are at historic lows, we're losing customers because of the leak story. I need some quick ideas to turn our reputation around without spending any money, and I need them yesterday." QUESTIONS 1. What type of CSR approach is Mr. Jones looking to adopt here? Read the definitions in the following sections for more details. 2. Would you say that Mr. Jones' statement represents a sincere commitment to CSR practices at the oil company? Why or why not? 3. What should Claire do now? Research the CSR initiatives of some regional oil companies for ideas.

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