Question
Hey, Mary! Thanks for sharing your analysis with the class. I agree with your point about our resources for these first two Units where you
Hey, Mary! Thanks for sharing your analysis with the class. I agree with your point about our resources for these first two Units where you wrote that shared value is centred on the value chain alone but is at the core of doing business and doing business right. I like the recapped examples you gave of Walmart, Nestle, and ICICI, among others. I would add to that some LTL (Less-Than-Load?) freight where parcel deliveries are economized with/added to existing carrier/truck deliveries that may have some extra space. It saves time, saves money, uses otherwise wasted space on trucks, and reduces carbon emissions.
Business models such as LTL benefit many stakeholders and allow businesses to have leaner, more efficient, more productive workflows and business operations. I can think of some other examples borne out of common sense.
One social entrepreneur noticed that many foods reaching the expiry date went into the garbage in grocery stores. So, he decided to create a mobile application called Flashfood (Apple Store, 2021). With Flashfood, grocery shoppers can save some money, groceries stores can stop tossing out good food, and food is reduced to and sold at a lower price so that it doesn't go to waste (Ward, 2016).
There is another organization I can think of called Moka, where you can round up change to the nearest dollar, investing it in an RRSP, save it in a TFSA, or donate some of it to charity on every purchase you make on one (or more?) select accounts. The company prides itself in helping its client base invest funds in socially responsible businesses (Moka, 2021).
What are your thoughts about the statement that businesses cannot anticipate every corporate social responsibility initiative or impact they can or should have on all their stakeholders (indirect and direct)? Do you think it takes a village and other citizens and companies and entrepreneurs to fill in the void or intentionally reach out to businesses with potential CSR initiatives rather than business owners shouldering most if not all of the responsibility? Lastly, do you think the CSR change should be bottom-up or top-down changewhich is more effective and sustainable, or is there another possible solution/change direction?
-- Deleone
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started