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.
Want to see the full answer?
Check out a sample textbook solutionChapter 4 Solutions
UNDERSTANDING BUSINESS W/ACCESS
- 1. Does it need the organization’s corporate responsibility strategy to match the availability of the current resources? If Yes, why? If No, why?2. How effectively does the organization form and make profitable use of partnerships in social Corporate Responsibility? Please answer this thank youarrow_forwardYour department boss wants you to select a few others in your organization to explore adoptingcorporate social responsibility practices. Some of your friends think that CSR isn’t effective and in factwastes resources and time of those who get involved. To take on this assignment would require time outof doing your own work. However, you have noticed that your organization’s leadership isn’t all thatresponsible and responsive to employees and many customers. Maybe adopting more ethical standardsand practices could improve business and some of the questionable leaders’ behaviors. What would youdo and whyarrow_forwardmanagers have a wide range of choices,from low to high , for corporate social responsibility. briefly discuss the corporate social responsibility aproaches. in order to a successful manager which approach or approaches would you like to practice more over others and why?arrow_forward
- 3) Why should managers should behave ethically? Summarize the reasons and give an example that you have experienced, witnessed, or heard about.arrow_forwardWhat is the importantance of Corporate Social Responsibility initiative.arrow_forwardHow can a company manufacturing chemical-based household products (detergents, liquid cleaners, soaps etc.) demonstrate ethical responsibility in the following domains: (a) environment, (b) customers, (c) employees? Give a specific example for each domain.arrow_forward
- what is Corporate Social Responsibility and how a firm would integrate it into their organization.arrow_forward“The relationship between corporate social responsibility and corporate financialperformance concluded that there was a positive causal relationship between the two.” Discuss. If this is true, provide two (2) reasons why might unethical behaviors exist inso many business organizations?arrow_forwardIdentify the four levels of the social-responsibility pyramid.?arrow_forward
- What is the best way for companies to find a balance between profit and social responsibility?arrow_forwardWhat are the Corporate Social Responsibility strategies?arrow_forwardWe 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_forward