Corporate Social Responsibilities Comparison of CSR Practices Essay

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Corporate Social Responsibilities

Comparison of CSR Practices

In the 21st century, attaining some degree of social responsibility is recognized as a business quality that most corporations use in their daily operations to keep being in business Enquist, Edvardsson, & Petros, 2008.

The inclusion of social responsibility into a corporation helps to form a connection between the corporation's objectives with the idea of sustainable developments Samuel & Walter, 2009.

Corporate social responsibility helps corporations to show their ethical concern for sustainable development and that for their stakeholders. In this paper, a comparison of corporate social responsibility of three companies is given.

CSR practices of IKEA, Hennes & Mauritz (H&M) and Starbucks compared

H&M philosophy in conducting business as the third largest retailer of clothing in the world is to offer the best price for fashion and quality outfits. The issue of the quality by H&M does not only involve the final product but combines the company's wholesome process. This includes the manufacturing system including sourcing of raw materials, their processing, transport, final product manufacture, sales and final use of the products. In its corporate social responsibility, H&M ensures safe working conditions as a measure to give meaning to its commitment to quality. On top of good working conditions, the company enforces minimum use of resources and steps to minimize the effects of their actions on the surrounding Chaudhary & Krishin, 2007()

The H&M policy of fashion and quality at the best price is a step to ensure that consumers can easily embrace fashion at a sustainable cost. The company contracts well-known fashion icons and designers to produce limited edition collection with a sense of fashion and quality.

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To further take care of the end user convenience, the company has an online shopping channel and catalogue shopping facility. This affords the end user a convenient and cheap way to obtain their desired products and output of H&M Company. The main concerns for H&M in corporate social responsibility is condition of workers, banning child labor, ensure quality and low price Chaudhary & Krishin, 2007()

Starbucks

Starbucks seeks to establish itself as most respected and recognized brand by managing business conducts in manner that shows social and environmental concern. As a company that sources its raw material from coffee farmers, the company initiates its CSR in their interactions with the farmers. Starbucks ensure good treatment of workers by farmers by only sourcing their coffee from farms that observe good treatment of workers. To enforce this practice Starbucks has gone ahead to afford economic incentives to coffee supplies who follow and enforce the standards of good and fair treatment of workers.….....

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