ITC Limited Case Study
ITC Limited is one of the leading companies in the India Tobacco industry. The company has capitalized on the opportunity that the large number population of India presents as both a target market and a source of cheap labor to grow its bottom-line tremendously. Over time, the company has grown to diversify its product base with great investments in both agribusiness and the hotel industry. The company prides itself in its social responsibility engagements. It has undertaken a wide range of activities that portrays the company as socially responsible. The company has both the present and future focus on the corporate social responsibility (Ojha, 2017).
ITC Limited has several key attributes that could be considered when analyzing the company's corporate social responsibilities. Firstly, the company has the greatest market share in the tobacco industry in India. The company controls 75% of the Indian tobacco market (Ojha, 2017). As such, the company has a large influence not only in the industry but also in the lives of people in the Indian community. From the growth of the company operations, it continues to provide employment to millions of people in India who would have otherwise...
(Chandley, 2010) In the case of RJ Reynolds, they have become involved in very little social responsibility. This is because, they consider these regulations to be a burden with them claiming that the sector is the most regulated in the industry. As a result, RJ Reynolds could learn from Philip Morris by implementing programs to reduce the number of minors using their products and promoting efforts to help people
functions of management, planning, organizing, directing and controlling, to which we will add commanding and coordinating, as subsidiaries of the directing and controlling functions, we will easily arrive to the conclusions that the first two functions refer to the company's strategy, to the manager's role in determining a strategic vision for the company and the ways it should follow into the future, while the two latter, corroborated with the
Corporate Social Responsibility Initiatives A corporation that responds positively towards social issues is considered socially acceptable. There are some corporate social responsibility initiatives which the firm should take in order to get socially responsible. There are five main corporate social responsibility initiatives: Philanthropy, Work/Life programs, Community redevelopment, Acceptance of whistle blowers and Environmental protection. Philanthropy The first way is to donate a lot to charities. These include hospitals, colleges and nursing homes. Many
Ethical Responsibility of Corporate America Many organizations strive to increase their profit margins by doing everything possible (including unethical practices) to increase their revenues. Nevertheless, the past three decades have seen some organizations embracing CSR (Corporate Social responsibility). This idea has become significantly important to almost every organization that seeks to increase revenues. Corporate social responsibility is also referred to as community responsibility, stewardship, corporate sustainability, corporate responsibility, accountability and corporate
Although it is expected to die in Congress -- and President Bush has promised a veto if it does not -- a bill is currently circulating that would allow the FDA to control cigarette contents ("Reynolds American" 2008). If this bill were to pass, and the likelihood of it doing so is much greater with a Democratic congress and president, it could mean the perpetual death of the tobacco
Tobacco Industry History of Tobacco Ancient Times Fifteenth Century Sixteenth Century Seventeenth Century Eighteenth Century Nineteenth Century Twentieth Century Modern Times Corporate Stakeholders Ethics & Social Values Ecology & Natural Resources Saint Leo Core Values Throughout its long and storied history, tobacco has served the various appetites of religious shamans, aristocratic noblemen, common sailors, money changers and modern-day captains of industry. The aeromatic plant grew naturally in the moderate climates of the Americas and was transported to every corner of the world by seagoing
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