Professional Documents
Culture Documents
i. Philanthropic responsibility
1. Competitive Rivalry - Be a good corporate citizen. More than just doing what is right, but it is
looks at the number and strength of your competitors. In an industry where something that holds true to the company’s values, to give back to society.
rivalry is intense, companies attract customers by aggressively cutting prices ii. Environmental CSR
and launching high-impact marketing campaigns. However, this can make it - Aims to reduce any damaging effects on the environment from operations of
easy for suppliers and buyers to go elsewhere if they feel that they're not business.
iii. Economic responsibility
getting a good deal from the company.
- Focus to strike a balance between business, environmental and philanthropic
On the other hand, where competitive rivalry is minimal, and no one else is practices. Performing this responsibility companies try to find out a solution
doing what you do, then you'll likely have tremendous competitor power, as that can facilitate their business growth and generate profits by benefiting the
well as healthy profits. community and society.
2. Supplier power iv. Ethical responsibility
- Companies in every industry purchase various inputs from - Obey the law and do their business ethically. Doing the right thing, being fair
suppliers, which account for differing proportions of cost. in all situations and avoiding harm. Not only show stakeholders that they are
moral, but people will feel more comfortable purchasing good from the
Powerful suppliers can use their negotiating leverage to charge company as well
higher prices or demand more favourable terms from industry
competitors.
3. Buyer power Environmental sustainability
- Responsible interaction with the environment to avoid degradation of natural
- Powerful customer can use their clout to force prices down or
resources and allow for long-term environmental quality. ensure that the needs of
demand more service at existing prices. Buyer power are highest
today's population are met without jeopardizing the ability of future generations to
when buyers are large relative to the competitors serving them.
meet their needs.
4. Threat new entrants Waste Management
- Force current players to keep prices down and spend more to
retain customers. This threat depends on the size of a series of
barriers to entry.
Well-Being : Physical Safety
management of all
1.
2.
Physical wellbeing
- Assesses physical health and risk factor
Social wellbeing
responsibilities,
practices, procedures,
- Relates to an individual level of happiness and purpose
3. Psychological wellbeing
- Refer to an individual emotion health and overall
functioning.