Companies and Corporate Social Responsibility
A Change in the External Environment Forcing a Company to Make Changes in the Way it Functions
Example: Rising Healthcare Costs, Rising Senior Population and Deepening Complexity of Medicare Part D lead to AARP/Walgreens Team to Assist Senior Citizens
The "Association of American Retired Persons" (AARP) was established to assist senior citizens with their needs, including medical issues (Novelli, 2009), while Walgreens, Co. (Walgreens) is a pharmaceutical giant with quarterly sales in excess of $16 billion, more than 60% of which is from prescription sales (Spain, 2010). Over a course of decades, the senior population of the U.S. significantly increased: between the 2000 U.S. Census and the 2010 U.S. Census, the country's population of persons aged 65 and older "increased 15.1% to 40.3 million, or 13% of the population" (Senior Journal, 2011). Meanwhile, there was a dramatic increase in U.S. healthcare costs: "Expenditures in the United States on health care surpassed $2.3 trillion in 2008, more than three times the $714 billion spent in 1990, and over eight times the $253 billion spent in 1980 (Kaiser Family Foundation, 2010). Finally, Medicare Part D, the facet of Medicare covering seniors' prescriptions, is a complicated program: each state reportedly has 40 -- 50 choices of Medicare policies and recipients reportedly had a difficult time choosing their policies (Medicaid Part D, 2009). (Please note that the web site name of "Medicaid Part D" is misleading, as this was, in fact an interview about Medicare Part D.) Medicaid Part D was further complicated by Health Care Reform: the Patient Protection and Affordable Care Act (P.L 111-148), signed by President Obama on March 23, 2010, reduces enrollees' prescription copays and gradually phases in different subsidy tiers for drugs...
In an era of terrorism and turbulence in global markets the greater the level of shared risk and transparency, the greater the likelihood financial institutions will be more resilient in the face of greater challenges of operation. This is a critical point that must be kept in mind in the context of the IFI CSR Maturity Model, as globalization forces a higher level of inter-process and cross-functional coordination throughout a
CSR and Mission and Vision Statements One of the strategic management decisions that has become increasingly important for organizations is how to operate sustainably based on environmental and social concerns. Much of the literature groups these concerns together in a concept known as corporate social responsibility (CSR). The trend seems to be growing as an increasingly large proportion of the consumer market considers whether products and services are produced under ethical
The Role of Organizational Drivers and Communication on the Adoption of CSR Activities Abstract Today, corporate social responsibility (CSR) practices are becoming increasingly commonplace, and a majority of Fortune 500 corporations as well as small- to medium-sized enterprises are implementing these activities to promote their public image and improve their corporate reputations. Despite these trends, there remains a dearth of timely and relevant studies concerning what types of CSR practices are most
Summary Albrecht Discount Inc is popularly called Aldi. It is a family owned discount chain supermarket headquartered in Germany. Aldi is composed of two distinct businesses. They include the Aldi Sud and Aldi Nord. The two are both economically and legally independent but family related. The company has dominated the market of global grocery retailing. It owns and operates a chain of other discount outlets across Australia, Europe, and the US.
UK Public Limited Company Vodafone PLC Goals, mission of the company The vision of Vodafone PLC is to enrich customers with products and services that are unique through power mobile communication. This vision spells the innate intention of the company from its generation up to any near future. The vision statement lets the company anticipate for global existence and dominion through its profit elicitation while delivering quality products to customers. The vision brings
Fortunately, due to a dramatic reduction in the number of manufacturers since the 1950s, Batesville is well-equipped to remain the market leader. They kept pace with industry trends (e.g. In materials and style), and realized that it was necessary to retain loyalty from the Funeral Director side of the house in order to maintain share. Note below that while overall casket sales seem to be declining from the1 1970s, current
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