Concept explainers
Case summary:
W Company a new company in the eyewear industry managed to make a big impact in a short amount of time. It has one major competitor which owns almost all of the bestselling eyewear and eye care brands in the world. It is focused on its biggest stakeholders that are customers. The company entered in the market by selling their products at a price that is easily affordable to all. It is involved in corporate social responsibility activities like providing free glasses to the poor people who need it to earn their livelihood.
Characters in the case:
The characters that in the case are W a company, Mr. B founder of the company and V a charity.
Adequate information:
The W Company is doing well in the market by gaining attention of more and more customers with its selling strategy. It engages in CSR (corporate social responsibility) activities, which encouraged many companies to create an impact in the global market at a local level.
To determine: Whether W Company is a good example of corporate social responsibility and mention the dimensions stand out in measuring the company’s social performance.
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Chapter 4 Solutions
Understanding Business
- What is the concept of social responsibility? What does it mean for company to be socially responsible?arrow_forwardmanagers have a wide range of choices,from low to high , for corporate social responsibility. briefly discuss the corporate social responsibility aproaches. in order to a successful manager which approach or approaches would you like to practice more over others and why?arrow_forwardWhat is the importantance of Corporate Social Responsibility initiative.arrow_forward
- 3) Why should managers should behave ethically? Summarize the reasons and give an example that you have experienced, witnessed, or heard about.arrow_forwardComplete Carroll’s Pyramid of Corporate Social Responsibility. Provide YOUR OWN examples based on your own understanding and/or experiences.arrow_forwardHow can a company manufacturing chemical-based household products (detergents, liquid cleaners, soaps etc.) demonstrate ethical responsibility in the following domains: (a) environment, (b) customers, (c) employees? Give a specific example for each domain.arrow_forward
- what is Corporate Social Responsibility and how a firm would integrate it into their organization.arrow_forwardComplete Carroll’s Pyramid of Corporate Social Responsibility. Provide YOUR OWN examples based on your own understanding and/or experiencearrow_forward“The relationship between corporate social responsibility and corporate financialperformance concluded that there was a positive causal relationship between the two.” Discuss. If this is true, provide two (2) reasons why might unethical behaviors exist inso many business organizations?arrow_forward
