Social Responsibility of Business in a Global Economy
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Table of Contents
Introduction4
Fast Food Industry4
Ethical Theories5
Corporate Social Responsibility (CSR)6
Fast Food Industry and CSR7
Corporate Social Responsibility and Issues8
Health and Nutrition Issues8
Chipotle Mexican Grill - United Kingdom9
Moral Case Faced by Chipotle9
Ethical Approach and Theory of Chipotle9
Food with Integrity10
Wellbeing of Animals10
People10
Environment11
Business Case11
Burgerville - USA11
Moral Case Faced by Burgerville12
Ethical Approach and Theory of Burgerville12
Employee-Led Composting and Recycling Program12
Converting Used Oil and Wind Power in to Biodiesel13
Business Case13
KFC Corporation - Africa14
Moral Case Faced by KFC14
Ethical Approach and Theory of KFC15
Environment and Packaging15
Welfare Program for Animal16
Business Case17
Wimpy - South Africa17
Moral Case Faced by Wimpy18
Ethical Approach and Theory of Wimpy18
Corporate Social Responsibility19
Business Case19
McDonalds - India19
Moral Case Faced by McDonalds20
Ethical Approach and Theory of McDonalds20
Nutrition and Well-being21
Sustainable Supply Chain21
Environmental Responsibilities21
Business Case22
Evaluation of CSR Programmes at Chipotle, Burgerville, KFC, Wimpy and McDonalds22
Conclusion23
References24
Social Responsibility of Business in a Global Economy
Introduction
Nowadays, Corporate Social Responsibility (CSR) becomes one of the key priorities of the business owner, due to increased impact on business profitability, success, corporate reputation, customer loyalty and sustainability. CSR mostly affected the fast food industry because it is associated with a number of social issues that have a direct effect on human health, as well as on environment in general run (Mikkelsen, 2005, pp.127-130).
The industry of fast food faces a number of important risks from public criticism regarding issues of corporate social responsibility. The food industry of US demonstrated a significant example. This industry maintains considerable public visibility as it not merely endorses a need of human life, while it also has a significant role in the local economy because it is a multi-trillion dollar industry.
This study is focused on social responsibility of business evaluation in a global economy. For this purpose, the fast food industry is taken under consideration from three different countries, namely United States, United Kingdom, Africa, South Africa and India. The paper compares and evaluates social issues and how fast food chains like Chipotle, Burgerville, KFC, Wimpy and McDonalds act in response, in a different part of the world.
Fast Food Industry
All fast food companies take in responsible actions and thinking in their day to day operations. There are few prominent examples of what are these food chains doing for being socially responsible, such as managing waste, minimizing consumption of energy, using renewable energy forms and recycling. Food is one of the most produced and consumed item while some food items are only included when seasonally probable. Ethical production part is also collaborative effort of suppliers and farmers; thus, the entire community may have a positive impact.
One of the significant social issues is obesity, as medical professionals, national health organizations, and medical research attached obesity to several health issues like heart disease, and type 2 diabetes, as well as determines obesity to be the second prevailing reason of unnecessary death (Ambec & Lanoie, 2008, pp.45-62).
In 2009, the Centre for Disease Control accounted that around twenty-four states has a prevalent obesity rate of more than 20 percent. Increase in the ...