Concept explainers
Case summary:
W Company a new company in the eyewear industry managed to make a big impact in a short amount of time. It has one major competitor which owns almost all of the bestselling eyewear and eye care brands in the world. It is focused on its biggest stakeholders that are customers. The company entered in the market by selling their products at a price that is easily affordable to all. It is involved in corporate social responsibility activities like providing free glasses to the poor people who need it to earn their livelihood.
Characters in the case:
The characters that in the case are W a company, Mr. B founder of the company and V a charity.
Adequate information:
The W Company is doing well in the market by gaining attention of more and more customers with its selling strategy. It engages in CSR (corporate social responsibility) activities, which encouraged many companies to create an impact in the global market at a local level.
To determine: Whether W Company is a good example of corporate social responsibility and mention the dimensions stand out in measuring the company’s social performance.
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Chapter 4 Solutions
Understanding Business
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- We studied theories that describe corporate social responsibility from an ethical perspective. In the previous lecture, we discussed how theorists attempt to discuss the concept of social responsibility and how businesses should approach it from the normative perspective. For this discussion, take a look into the Alokozay Group of Companies in Afghanistan. AGC has one of the biggest businesses in the country in terms of assets, distribution of goods, revenues, and creating a job market. See how AGC has approached its corporate social responsibility in the country. As a starter, you can explore around its website; https://www.alokozay.com//arrow_forwardWhat are the Corporate Social Responsibility strategies?arrow_forwardWhy is it important for a company to balance its social responsibility efforts with its need to generate profits?arrow_forward
