CARROLL'S MODEL & NESTLÉ'S CSR

Critical Analyses of Nestlé CSR by using Carroll's Model

Introduction1

Critical Analyses of Nestle CSR by using Carroll's Model2

Introduction about CSR2

Background of Nestlé3

Introduction to Carroll's model3

Applying Carroll's model to Nestlé4

Economic responsibilities4

Legal responsibilities6

Ethical responsibilities7

Philanthropic responsibilities8

Conclusion9

Critical Analyses of Carroll's Four-Part Model10

Introduction10

Strengths of Carroll's four part model10

Weaknesses of Carroll's four part model10

Economic responsibilities11

Legal responsibilities11

Ethical responsibilities11

Philanthropic responsibilities12

Conclusion12

References13

Critical Analyses of Nestlé CSR by using Carroll's Model

Introduction

Previously the companies and their products were assessed and graded on the basis of their quality, price, services and other indicators like this. Consequently, companies competed with each other on the basis of these factors and based their competitive advantage on such factors. Conversely, in present days, the stake holders which include customers, suppliers, employees, public bodies, media and wider community evaluate companies on the basis of their corporate behaviour. The absence or presence of good corporate conduct significantly affects the standing of any company nowadays. As a result, organizations are increasingly inclined to maintain an adequate corporate behaviour as well as correspond it to the stake holders (Mols & Iving, 2010, pp.04).

The increased focus over corporate behaviour has made subtle aspects such as Corporate Social Responsibility (CSR) one of the most significant components of a corporate standing. However, it is not sufficient for any organization in this commercial world to only act and respond socially. This act of social responsibility must be communicated to the different stake holders in order to have a good standing. This is why; most of the organizations either publish a separate corporate sustainability report or include a section of corporate social responsibility in their annual company reports. This demonstrates a greater emphasis on a corporate social standing (Mols & Iving, 2010, pp.04).

This report critically analyzes the corporate social responsibility of Nestlé according to the carroll's model.

Critical Analyses of Nestle CSR by using Carroll's Model

Introduction about CSR

Corporate Social Responsibility (CSR) is developing progressively into a significant responsibility for the organizations on a national scale as well as worldwide. Because of rapid acceleration in globalisation, the organizations have turned out to be global providers of products and services. With increasing globalization, organizations have realised and acknowledged the advantages of employing CSR activities as a part of their corporate behaviour. Activities pertaining to CSR are nowadays being carried out all over the world (ASOCIO, 2004, pp.02).

When it comes to defining corporate social responsibility, there are numerous diverse definitions. Although there is no common meaning of corporate social responsibility, by and large it is used to denote clear business conducts and exercises that are founded on moral values, conformity with lawful obligations, and reverence for individuals, societies, communities, and the surroundings. Therefore further than earning profits, businesses are accountable for their entire influence on people and the planet. People in the CSR concept comprise all the stakeholders of a company. This includes the company's workforce, consumers, business associates, shareholders, dealers and wholesalers and retailers, the government, the legal bodies and the community. More and more, stakeholders suppose that organizations must be more conscientious environmentally and ...