Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Corporate Responsibility (CR) is a form of corporate self-regulation that helps a company to maintain active compliance with the law, ethical standards, and norms. CR

Corporate Responsibility (CR) is a form of corporate self-regulation that helps a company to maintain active compliance with the law, ethical standards, and norms. CR strategies encourage the company to make a positive impact on the environment and stakeholders including customers, employees, investors, communities, and others. "Customers" could be business customers buying from a company ("B2B"), or consumers buying from the company ("B2C") ... or both. Select a company (domestic or international) that will be the basis for your research. Research the company's "track record" in the area of CR. Be sure to look at both their domestic as well as international reputation. ("Track Record" refers to the company's past performance, achievements, or failures.) 1. make a written report that contains the following information (7 marks): A brief (one-paragraph) summary of the business you selected A "rank" or "grade" for the company's CR track record. Your focus here should be on the company's "CR" reputation, not the company's "general" reputation which is much broader (ie: general reputation includes other concepts such as the company's ability to make consistent profits, etc.). Be sure to provide a source for the CR ranking or grade you give (ie. a resource you used to help you determine your ranking) A description of one specific example of a corporate action that made a significant impact on this company's ranking (be sure to include how this action impacted the company's ranking) As a customer (business customer, consumer, or both), how would this company's approach to CR influence customer purchasing decisions? 2. It is vital to remember that data is meant to inform decision-making within a company. The biggest role of collecting, analyzing, and using data is to make better decisions across an organization. (3 marks) For the company you chose, provide one example of data the company uses and explain how they currently use it (or could use it) to make better CR decisions Professionalism (grammar, spelling, format, adherence, etc.) (5 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of The Energy Industries

Authors: William Peirce

2nd Edition

0275956261, 9780275956264

More Books

Students also viewed these General Management questions

Question

Food supply

Answered: 1 week ago

Question

Mortality rate

Answered: 1 week ago