Csr and Nike - 3829 Words

1. Corporate Social Responsibility (CSR) and its Importance: 1.1 Definition of CSR: What does Corporate Social Responsibility or CSR mean? The World Business Council for Sustainable Development in its publication Making Good Business Sense by Lord Holme and Richard Watts, used the following definition: Corporate Social Responsibility is the continuing commitment by business to behave ethically and to contribute to economic development while improving the quality of life of the workforce and their families, as well as of the local community and society at large. Traditionally in the United States, CSR has been defined much more in terms of a philanthropic model. Companies make profits, unhindered except by fulfilling their duty to†¦show more content†¦Maintaining integrity becomes difficult when a company has to report less attractive details or respond to criticism. The real challenge therefore is how to ethically and effectively disclose unsavory information while maintaining a positive image. The following case study of Nike and its CSR role in the Apparel Industry explores the dynamics of CSR disclosure and its role in developing greater transparency in the industry. 3. The Apparel Industry: Apparel is one is of the oldest commodities, and the apparel industry has only continued to grow into what is now one of the largest industries globally. Apparel is clothing that may not be fashionable , while fashion is defined as â€Å"style or styles of clothing and accessories worn at a particular time by a particular group of people† . Apparel and fashion play a significant role within society from a basic need to the conspicuous consumption by those concerned with displays of status and class. Sportswear and mainstream apparel brands are progressively more influenced by fashion trends due to a greater interest in fashion by the average consumer. Rising labour costs and the increased expense of meeting environmental regulation associated with textile and apparel production were the primary reasons for the shift to off shore manufacturing. IndustrializedShow MoreRelatedNike Csr3496 Words   |  14 PagesNike CSR Corporate social responsibility can be defined as the economic, legal, ethical, and discretionary expectations that society has of organisations at a given point in time (Carroll and Buchholtz 2003, p. 36). The concept of corporate social responsibility means that organizations have moral, ethical, and philanthropic responsibilities in addition to their responsibilities to earn a fair return for investors and comply with the law. A traditional view of the corporation suggests that itsRead MoreThe Csr Issue Of Nike1776 Words   |  8 PagesThe first subject to be considered is what exactly the CSR issue is and why it is significant. Nike is the largest producer and seller of sports outfit and apparel in the world. Phil Knight established the organization in 1964 by offering running shoes out of the storage compartment of his car at track and field competitions meets. The company grew radically and since then, Nike has developed and now possesses over $19.2 billion in revenue with it s products sold in about 180 countries in the worldRead MoreNike CSR Analysis1581 Words   |  7 Pagesï » ¿ CSR Analysis and Impact on Operations Nike has a Code of Business Conduct and Ethics that includes its commitment to the environment and is a signatory of the UN Global Compact. Nike has created a team of sustainability managers led by an independent director. Its environmental goals include producing eco-friendly products and minimizing its environmental impact through the reduction of greenhouse gases, organic solvents and PVCs. Nike acknowledges the difficulty of tracking environmentalRead MoreNike Csr Challenge1492 Words   |  6 Pages12/15/2015 10  Recommendations  for  Lean  Production  Execution  Success Advertisement 1. Lean  Manufacturing 3. Lean  Manufacturing 5. Lean  Production  Systems 2. Lean  Manufacturing 4. Lean  Resources 6. Lean  Production Tuesday,  December  15,  2015    Health Business Finance Travel Home  Repair Technology Computers Autos Family Entertainment   Nirav  Patel   Ã‚     Ã‚  Ã‚     Ã‚  Ã‚     Ã‚  Ã‚   10 Recommendations  for  Lean  Production Execution  Success    Management  Articles  |  July  11Read MoreOrganizational Culture Through Csr Initiatives Are Tentree And Nike Essay1183 Words   |  5 Pagescorporate social responsibility (CSR) initiatives can directly reflect organizational culture and the voluntary implementation of these beliefs, expectations and values. It demonstrates their organizational reputability, especially if society benefits from them operating in an economic, social and environmentally sustainable manner (Global Affairs Canada, 2016). Two companies that portray their organizational culture through CSR initiatives are Tentree and Nike. However, these companies differRead MoreOutsourcing Practices of Adidas, Converse, Nike, and Reebok1079 Words   |  4 PagesOutsourcing Practices of Adidas, Converse, Nike and Reebok Introduction Apparel and shoe manufacturers continued to offload the more costly yet easily replicated part so their business models to concentrate on brand building, marketing, sales and attaining greater distribution channels globally. These are the pressures all apparel and shoe manufacturers face, and it is particularly challenging in the athletic show industry (Kynge, 2009). Adidas, Converse, Nike and Reebok have been outsourcing productionRead MoreNike Supply Chain764 Words   |  4 PagesNike Supply Chain Management Nike is one of the world’s largest athletic shoes and Apparel Company based on USA, including footwear, apparel, equipment, accessories, and services. The company was found at January 25, 1964 and they change its name to NIKE on May 30, 1971. Nike has brand basket and market them, such as NIKE+, Air Jordan, Hurley International, Converse and etc. Nike’s supply chain is plenary because they control the add-value part by itself and outsourced those labor-intensive partRead MoreA Companys Corporate Social Responsibility1589 Words   |  7 PagesWhen looking at a company’s corporate social responsibility (CSR) and the tie in to consumer confidence, the apparel industry illustrates both the best and the worst cases. Today’s consumers are more aware of how multinational corporations are incorporating or failing to incorporate CSR practices throughout the product lifecycle. This awareness has pushed companies in the apparel industry like Nike and Gap to evalua te current practices and incorporate socially responsible and environmentally responsibleRead MoreCsr And Its Impact On Human Rights, Labor Standards, And Environmental Protection1229 Words   |  5 PagesIgnorance of the CRS is no longer a suitable approach to continue as an active business in the industry. Previously, only the tip of the iceberg of the CSR had been noticed by the business. But for now, it is about thinking outside the box. It is about including other non-business aspects of one’s business. According to an article published in Times Magazine in 2012 that has the title of† Why Companies Can No Longer Afford to Ignore Their Social Responsibilities†: â€Å"More than 8,000 businesses aroundRead MoreThe Conception Of Corporate Social Responsibility1236 Words   |  5 Pagesdue to their interest as well as reputation of organization in market. corporate social responsibility is highly impact of people to do work in this kind of company. we can see t he all over expert experience and knowledge about positive thinking of CSR because of everybody can receive good service and product. So, people don t want to swap the company and product too. when customers prefer to buy company s product and services frequently they always have a preference to those product. they can