Well-known companies have already proven that they can differentiate their brands and reputations, as well as their products and services, if they take responsibility for the well-being of the societies and environments in which they operate. These companies are practicing social responsibility in a manner that generates significant returns to their businesses. Social responsibility makes a company more competitive and reduces the risk of sudden damage to the company’s reputation and sales (O.C. Ferrell, 2012). New Belgium Brewing saw social responsibility as part of a continuing process of building value.
QBT Task 4 – Final Version 2 Robb Farrell Western Governors University Student ID# 000242903 THE REAL BOTTOM-LINE OF TODAY’S BUSINESS Research reveals that companies that focus on adhering to ethical standards and investing in socially responsible practices to the benefit of all stakeholders have a significant business advantage it today’s market place. Socially and ethically conscious originations have compelling business results in related to employee loyalty, company profits and consumer affinity. There was a time in our capitalist society that an organization’s number one priority and predominant focus was profits and shareholder interest. Indeed things have and are changing. In today’s market climate, companies have had to increase their consciousness as to what really matters.
He believed that safety required comprehensive understanding of manufacturing processes and that understanding would lead to better, more productive plants. By putting safety above profits and production, he began to successfully demonstrate the critical role of leadership in building a strong foundation for the continual growth of safety culture throughout the organization. For Alcoa, the key challenges in improving their safety performances over the years have been the establishment of behavioral mindsets that would embrace safety throughout their organizational layers. Overcoming decades of legacy behavior around the lack of emphasis and ownership to safety throughout the organization created continuous needs for new Health and Safety standards and procedures in order to address accountability. Many successful approaches to safety have evolved over the years at Alcoa; however, many of those resulted due to reactionary responses.
To refute this argument, they have to involve themselves into solving social needs of the host country, and this is called Corporate Social Responsibility. Social responsibility and ethical behaviors is some of the key factors that the international managers have to keep in consideration while operating in host countries. This is importance as Global interdependence has increased and without this managing independently will not occur in MNC. However in recent times, violations against human rights, environmental and business misconducts issues have been attached with the company. These issues have originated in Columbia, India and Mexico.
New Belgium Brewing Company was founded on the ethics of sustainability and social responsibility. These set of core values and ethical concerns are promoting a business role model for cultural change. In their company’s values and beliefs, New Belgium does not only focus on monetary issues. They touch on a variety of topics that are socially responsible orientated. Culture, employee moral, authenticity, innovation, and environmental issues are all things that are focused on in their values.
The Cheesecake Factory The cheesecake Factory has an established code of ethical conduct that is needed to factor in maintaining a balance in the human aspect of ethics and the link to the business success for The Cheesecake Factory. Leaders in the upper management need to be careful about their actions, and how they address other employees and how they make important decisions to help the company. Even though the areas of the Cheesecake Factory’s code of ethical conduct is important for the success of the company, there are a few specific areas of the company’s code of ethical conduct that are of substantial importance for The Cheesecake Factory. The first key area is in Article IV, in the “Conflicts of Interest,” section that talks about transactions and investments. This directly states that an officer or a director,” Should avoid participating in any transaction or investment that conflicts with, or gives the appearance of a conflict with, the interest of the company.
1.) Chapter 9 points out that sustainability is concerned with meeting the needs of the present without compromising the ability of future generations to meet their own needs. Frog’s Leap Winery incorporates triple-bottom strategy elements in its diagnosis of the situation at hand, the creation of company policies, and coherent actions. The first is social stewardship. This is fostering a shift in the social attitude of the company to do what is right for the environment and its inhabitants.
* How does the program convey the opinions of the top management about their employees? It is mentioned in the video that New Belgium Brewery has an “horizontal anarchy” the way I interpreted this is that they don’t see each other as superiors or a well structure organization in a work relationship matter, instead they act as collaborators where top managers and first line employees all get to share their ideas and come up with decisions with the purpose of having a good product to offer, environmental and socially responsible but also a great work place. * What motivational theories do New Belgium Brewery's policies reflect? In my opinion New Belgium Brewery apply all of the most basic motivational theories. Self- actualization because they promote creativity and growth, by empowering and innovating along with their employees; Esteem, because they are a recognized company not only b their product but because of their social and environmental responsiveness; belongingness, they create a group of coworkers that see each other as supporters and colleagues better than employee and employer; and last one is safety, they create
The Vioxx was believed to increased cardio vascular problems. Addition to that, Senator Charles Grassley quoted on the case study that ‘a blockbuster drug (had become) a blockbuster disaster’ (Lawrence & Weber, 2011). From this result, it is clearly shown that it is important for all companies to act ethically and should be socially responsible in all their actions for them not to have a negative image to the market and can also have a huge impact to their stakeholders. ‘Corporate Social Responsibility [CSR] is the idea that businesses interact with the organization’s stakeholders for social good while they pursue economic goals’ (Lawrence & Weber, 2011). This means that all stakeholders expect companies to always act responsibly and to consider the society in all their business operations.
He also shares his thoughts on the changing face of the global economy and how businesses worldwide need to work together to tackle environmental challenges and invest in the future of our world. Combining invaluable advice with remarkable and candid inside stories, this book is a dynamic, inspirational and truly original guide to success in business and in life. And the way he did all these was by following these, it is the way you treat your employees is the way they will treat your customers. Also have fun at work. Take the competition seriously, but not yourself.All you can do is hiring the right people