Discussion, evaluation and benchmarking for business ethics

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Zrfuzw7

Business Finance

MGMT 303

iau university

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I have a part on my project I need it to be done it's about 2 companies one domestic and on is international

Companies are: AlMarai and Nestla.

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6 Discussion, evaluation and benchmarking It should include the following: 1. Identify and explain five (5) CSR initiatives of the chosen local corporation. 2. Evaluate the five (5) CSR initiatives that your chosen corporation has undertaken using parameters discussed in Chapter 3 particularly The Ten Commandments of Social Responsibility. Provide a detailed evaluation of each initiative including their positive and the negative points. 3. Benchmark the local corporation with the similar line of business located internationally using parameters discussed in 3 Chapter 3 particularly The Ten Commandments of Social Responsibility. 4. Identify and explain five (5) CSR initiatives of an international corporation. 5. Evaluate the five (5) CSR initiatives that your chosen international corporation has undertaken and make a judgment of the initiatives that your chosen corporation, both local and international has undertaken. Compare them with the local corporation's initiatives. Provide a detailed evaluation of each initiative including their positive and the negative points. Note: Include photos for the initiatives taken and the table for ranking of the initiatives in relation to the 10 commandments of social responsibility
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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

1

CORPORATE RESPONSIBILITY
Name
Institution Affiliation
Course Name
Instructor

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introduction
In the modern world, there are various business organizations and companies. Each of
these companies is trying to come with various strategies that are majorly aimed at improving
its reputation among its customers and the whole world in general. Recently, several
companies have resorted to maximizing social responsibility initiatives as a mode of creating
a positive reputation among its customers and potential customers. Corporate social
responsibility refers to a self-regulation act undertaken to contribute positively to societal
growth and achievement of societal goals. Most common corporate social responsibility
involves engaging in charitable actions (like volunteering and other ethically oriented actions
(Agudelo, 2019). Initially, these actions were voluntary actions that these companies
undertook to expand and acquire more customers, but these actions nowadays have been
made mandatory by some of the companies, and they have been integrated as part of the
business models (the culture of the business). In this paper, the primary emphasis will be on
some of these cooperative societal responsibilities that selected companies have to improve
their reputation. In this paper, the major companies which will be explored are the Almarai
company which deals majorly with dairy products, and the Nestle company, while just like
Almarai operate in food manufacturing but rather on a multinational basis.
5 CSR initiatives of Almarai company
Almarai Company is local cooperation which is situated in Saudi Arabia. The
company specializes in the manufacturing of food and beverage products. The company has
expanded its operations in many parts of Saudi Arabia, and there is no doubt when it comes
to measuring its success rate in the market, just like any other company in the world, it has
put in place the following corporate initiatives to help promote social responsibility.
Almarai educational excellence award

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This was put in place in the year 2006 with the significant aim of providing support
for students who have been enrolled in the public education system. This award's main
objective is to encourage outstanding and well-performing students to develop their abilities
and support their academic achievements. The initiative targets students from low-income
family backgrounds and are at risk of failing to achieve their academic goals. Other than just
focusing on their profits and expansion, the company has put forward the needy's welfare,
especially students.
Almarai award of scientific innovation
This was majorly established to strengthen the scientific capability of those who are in
these fields. This social initiative's major goal was to give support- especially financial
support to the scientist as they carry out their routine research. The initiative was launched in
the year 2001 upon collaboration with king Abdul-Aziz city for science and technology, and
the primary target was those in the field of fundamental science, applied science in major
parts of Saudi Arabia.
Dairy and food polytechnic
Other than just focusing on their manufacturing activities, the company has also
diversified and created a polytechnic. Almaria dairy and food polytechnic is a joint project
between the company itself and technical and vocational training institute which majorly
aims at training students in developing their skills which they can use to earn a living in the
future. Several students have undergone training in these polytechnics, and this also has been
key in ensuring that their brand and reputation are improved among people in the society.
Other than being a social initiative, it comes with its profits as well.
Professional trainee for the graduates

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Besides sponsoring students to excel in their academics and collaborating with
technical institutions, the company has also come up program which aims to provide
employment opportunities for the local and talented individuals who have graduated from
their studies bus are still jobless. They are trying to absorb the youths hence reducing the
number of unemployed individuals across Saudi Arabia.
Veterinary Excellence Award
The company operates majorly on dairy products, and to ensure that there is an
effective supply of these products, then there is a need to maintain and keep the livestock
safe. This initiative was put in place to reinforce the importance ...

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