Preview

Csr of Volkswagen

Good Essays
Open Document
Open Document
697 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Csr of Volkswagen
The direction of the company’s corporate societal marketing efforts

Corporate social responsibility (CSR) can be defined as the business practices that are based on ethical values, in order to meet the legal requirements, as well as respect for people, communities, marketplace and environment (what is corporate social responsibility, 2002). They are many different ways to determinate CSR, but the main purpose of the CSR can be explain as the management of stakeholder are giving concern toward the responsibility and the irresponsibility acts that related to the environmental, ethical and social phenomena in a way that create corporate benefit (Vaaland et al., 2008, p.931). Therefore, instant of making profits, the company also holds the responsibility to the impact of their production toward the people and the environment as well as the economy. As an international active vehicle manufacturer, Volkswagen took the sustainable environment protection as part of their responsibility. These responsibilities start from doing the future technology research, development and manufacturer of their products. For example, Volkswagen will check all their production areas in order to achieve the greatest possible environmental capability. (Das Auto, 2011).

The increased of the identification and loyalty with a company due to the CSR activities (Bhattacharya and Sen, 2004; Curras-Perez et al., 2009; Marin et al., 2009; Rego et al, 2010), indicates that CSR has been increasingly perceived as a strategy of corporate concern for deepening both employee and consumer commitment and relationships with organizations over time. This will not only increase the customers’ brand loyalty, but also the employees’ loyalty toward the company. The CSR provided for the employees’ safety such as hazardous substances at the workplace might cause the serious health problem to the employees concerned. In order to protect the employees, the investigations of the hazardous substances in the air

You May Also Find These Documents Helpful

  • Good Essays

    Msa3 Buss1002 Shuning Sun

    • 888 Words
    • 4 Pages

    Embedded in the article are concepts related to economic environment and corporate social responsibility (CSR).…

    • 888 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    As described in the book, corporate social responsibility (CSR) is one of the very important essences of ethics. Corporates should perform and run in a way that improves society and its occupants and be held responsible for any of its activities that affects people, their community and their environment. It is organization’s moral responsibility to form a commitment to give back to the society and the stakeholders of the organization since they are fundamental reason company is running by and running for. Any commercial organization makes profit out of the customers, community. Hence, it is their prime responsibility to do well and give back to the community in…

    • 593 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    In the other hand companies have to limit the excess damage on the environment, and help people in the economic development this is a way of behaving ethically in a business, cooperate with loyal spirit, ethical values, global measures and develop a general positive impact of the business on the society. when a company choose to be socially responsible they better be prepared to go through some difficulties and critics about the way they operate, and the goals they want to achieve and must not forget the main purpose of the business which is making profit,…

    • 1797 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    In global markets, modern corporates have significant power to exercise a positive influence in the countries, where they buy goods and services from global suppliers in bulk. Recognising this influence is the first step to understand the contribution of the modern corporates in developing countries’ economies and in turn their self-benefit. As being giant firms at one end of the buying chain with the cost reduction advantage, they shouldn 't be reluctant of getting involved and operate with the suppliers to improve working conditions and comply with the ethical trading regulations. Business Corporations should also think and take responsibility for the environment around them. Taking this responsibility is the first step to recognize Corporate Social Responsibility. Corporate Social responsibility is when a business monitors and ensures its active compliance with the spirit of the law and ethical standards. It is a process with the aim to embrace responsibility for the company 's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. The concept of CSR is well explained by Gordan Brown, Chancellor of Exchequer, that in this era Corporate Social Responsibility goes far beyond the old trend of the past (donating money to a good cause at the end of the year) And is now an all year round responsibility the companies accept for the environment around them. To provide best working practices, the engagement in local communities and for their recognition that brand name does not only depend on quality, price and uniqueness but how they interact with companies’ workforce, community and the environment.…

    • 2128 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    The definition of corporates social responsibility (CSR) previously given by the commission of Europe was: *Company’s concept of incorporating the social and environmental preoccupation in their business running and also in their interference with their stakeholders willingly *.…

    • 2412 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Corporate social responsibility (CSR) refers to open and accountable business actions based on respect for people, community/society and the broader environment. It involves businesses doing more than just complying with the laws and regulations. All businesses these days recognise their role in environmental sustainability, ensuring that resources are used correctly so that they are obtainable to future generations. A business that fails to be seen to do the correct thing for the environment will lose customers. Environmental responsiveness has created new business opportunities for some entrepreneurs and allows other business increase a competitive advantage.…

    • 700 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Tom's Shoes

    • 1259 Words
    • 6 Pages

    Introduction Corporate social responsibility is a company’s awareness of responsibility towards the community and environment in regards to its operating location. Companies express this social responsibility through their waste and pollution reduction processes, educational and social programs, and earning satisfactory returns on the hired resources. Examples of such CSR implementations include: giving back to the community, helping improve the community, and helping reduce carbon emissions or improving the overall environment through recycling. Numerous industries implement these practices into their business policies; a good illustration of CSR is Tom’s Shoes. Tom’s shoes are a company in which one pair of shoes are donated to needy children…

    • 1259 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Every company’s activities that lead it to success doors is some how beneficial for the society as these activities not only opens the doors of employment in the society as well as provide a technological growth. The term that is normally used for refereeing the responsibilities of a business towards the society is known as Social Responsibility (Steiner & Steiner, 2005). Social responsibility is a tool for companies to build sales, develop the workforce, boost enthusiasm and innovation, enhance trust in an enterprise and increase a company’s reputation and standing. It also helps the company to pursue responsible business practices that makes a company more competitive.…

    • 486 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Business Case of Csr

    • 1663 Words
    • 7 Pages

    Social corporate responsibility is the fashion of business world for the recent decade. Increasingly companies are getting involved with CSR and try to regulate themselves to the ethical standards and care about all the stakeholders namely environment, society,…

    • 1663 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Automotive Industry is one of the biggest economic sectors in the world and the impact they have to the communities in their best practices has a huge advantage promoting corporate social responsibility. We looked and discussed various issues of CSR in the report not limited but including: Investing in the Future, Technology Drives Change Electric cars, Materials and Workforce Implications.…

    • 1509 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Gm & Toyota

    • 1454 Words
    • 6 Pages

    Toyota and General Motors are both in the manufacturing and sale of motor vehicles. They each have its own mission, values and conscientious effort to be socially responsible. A company’s mission, vision and core values define how the corporation functions and interacts with the local and global community. Corporations have a social responsibility and duty to protect the individual, society in which it operates and the corporation itself from harm. When corporations fail to follow their mission, values, and duty to social responsibility, it may run into problems of an ethical or legal nature.…

    • 1454 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Volkswagen leads the European continent, as it’s most predominant car manufacturer. Volkswagen AG is the holding company for VW group that comprises of Automotive and Financial Services. VW also owns a garage full of luxury carmakers like AUDI, Lamborghini, Bentley, and Bugatti. Other brands include SEAT and Škoda and in 2009 VW acquired a 49.9% stake in Porsche as the first step in combining the two into an integrated car company. (Hoover’s Inc. 2011). These 10 brands under Volkswagen AG’s umbrella make up a global market share of more than 11%. In recent years, engagement with the community and ensuring sustainable development has become very necessary for VW to survive as a corporate entity in the 11 European countries and an additional seven countries in the Americas, Asia and Africa in which 47 plants operate (Datamonitor 2006). Corporate Social Responsibility and Corporate Public Policy has become gradually more evident in day-to-day life due to a growing convenience of affluence and education, rising expectations and increased awareness on the public’s behalf, because of these changing aspects of the social environment, businesses are constantly being scrutinized by the public, the government, special interest groups and employees and are now expected to go well beyond the scope of minimum statutory requirements. Community Involvement and social development has become increasingly important to the Volkswagen AG as seen in its reports as well as assurances made by KPMG (2002) and PwC. The social contract and the Iron Law of responsibility allows businesses such as VW to operate within in society with a great level of success but with Volkswagen’s significant market share in the automotive industry and substantial capital resources there also comes well-defined expectations and responsibilities. Because…

    • 2163 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    There is no doubt that one of the most popular multinationals today is The Coca-Cola Company. It has strong CSR policy where “CSR” is not only about being responsible for customers and fans around the world but also being aware of employees’ needs.…

    • 640 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Csr Case Study

    • 6604 Words
    • 27 Pages

    Abstract: Starting from the times of barter system to today’s modern era of plastic money, the mankind has trodden a remarkably long path. Undoubtedly “profitability” has always been the driving force and an undercurrent behind all this development; but as every coin has two facets; growing cut throat competition and business rivalries started taking heavy toll on the quality, transparency, environment and the society in general endangering the peaceful coexistence of business and society. The businesses houses started realizing that they would have to rise over and above the profitability and take care of all those associated with their survival in the society directly or indirectly. This realization resulted into the concept of Corporate Social Responsibility (CSR). This research paper moves around developing an understanding about the corporate social responsibility (CSR), delving into its concept and finding out its scope taking the case study of the TATA Group under Mr. Ratan Tata who has exemplified the sense of responsibility towards the upliftment of common masses and protection of the environment and development of the nation. Keywords: Corporate citizenship, Corporate social responsibility, Employee, Productivity, Profitability, Society, Stakeholders. I. Introduction…

    • 6604 Words
    • 27 Pages
    Good Essays
  • Good Essays

    Marketing for Volkswagen

    • 1302 Words
    • 6 Pages

    Always pay more attention to the environment and do more public activities. Volkswagen is a big company, but also a part of the society. As a automobile manufacturer, should always pay attention to the environment. The vehicles it makes will produce much waste gas. So, pay attention to the environment protection can show the responsibilities of the society and its customers.…

    • 1302 Words
    • 6 Pages
    Good Essays