Social Responsibility in Stakeholder Theory - 1509 Words

Table of Contents 1. Introduction 2 2. Social responsibility in stakeholder theory 3 2.1 Why social responsibility? 3 3. Limitations 4 4. Case study examples: Starbucks amp; Nike 4 5. Conclusion 5 6. References 6 7. Appendixes 9 Appendix A 9 Appendix B 10 1. Introduction This report focuses on social responsibility issue focusing on stakeholder theory. Social responsibility will be introduced and defined based on stakeholder theory. Next, analysis on the importance and limitations of social responsibility will be shown based on reputable published articles, followed by examples of two successful companies on how social responsibility affects their business. Lastly, conclusion will be concluded based on findings on†¦show more content†¦Moreover, there is no evidence that engagement in social responsibility guaranteed better performance than company that focus on profitability, (Vogel, 2008). 4. Case study examples: Starbucks amp; Nike According to Starbucks (2013), Starbucks had solidified net revenue of $13. 3 billion, an approximately 14 percent growth, (Appendix B) shows the financial returns are consistently increasing over the years, Starbucks (2013). This net increase shows the good economic performance of Starbucks. Solely economic performance is not sustainable, Starbuck understood the importance of emphasize on corporate social responsibility. Starbucks Global Responsibility business strategy are synthesize with their culture and overall strategy. They focus on ethical sourcing that they see these plants as an agricultural sustainability, whereby C.A.F.E (Coffee And Farmer Equity) are practiced for continuous improvement on productivity, social and environmental aspects, Starbucks (2013). Other than positive corporate image, Starbucks is exposed to more business opportunity, for example one of the world largest populations, India. Recently, Starbucks and Tata Coffee invested in a new plant in India, wher eby the company sees it as anShow MoreRelatedKey Tips For A Generous Financial Donations1495 Words   |  6 PagesTIPS (1)Community Stakeholders a. Generous financial donations b. Innovative giving c. Support for education and job training programmes d. Direct involvement in community projects and affairs e. Community volunteer programmes f. Support for the local community g. Campaigning for environmental and social change h. An employee-led approach to philanthropy i. Efficient and effective community activity j. Disclosure of environmental and social performance (2)Environment Stakeholders a. 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