Social Responsibility Strategy Report
SOCIAL RESPONSIBILITY STRATEGY REPORT
Report
Paradigm, a health information start-up, is a joint venture formed in the second quarter of 2012 by two Fortune 200 companies for the purpose consolidating diverse technology portfolios and improving health informatics solution offerings to hospitals and health care providers. As a start-up, Paradigm is still in the process of building a company culture understanding its social responsibility role within affected communities.
Social responsibility is a form of corporate self-management that tightly integrates into the business model and operations of an organization. In practice, social responsibility encourages personnel at all levels of the company to not only consider the method of revenue generation, but that the supporting activities are performed in a manner consistent with social and ethical concerns (Feigenbaum, 2013).
In the following sections four components of a social responsibility strategy for Paradigm will be examined: environment, ethical leadership, organizational viability and the law. For each component considerations relative to Paradigm’s current operations will be offered and when specific action is required, a recommendation of the next steps to be taken that align with the objective of creating a socially responsible organization.
Environmental Considerations and Recommendations Companies involved in social responsibility initiatives often seek to voluntarily eliminate operational practices that might negatively impact the environment, regardless of whether regulations exist compelling them to do so. Unlike production facilities where hazardous waste may be a concern, Paradigm’s product is composed of bits and bytes of machine code used to create health informatics software. That does not mean there are not important environmental considerations that should be included within Paradigm’s social responsibility strategy. In fact, three considerations relative to current operations
Report
Paradigm, a health information start-up, is a joint venture formed in the second quarter of 2012 by two Fortune 200 companies for the purpose consolidating diverse technology portfolios and improving health informatics solution offerings to hospitals and health care providers. As a start-up, Paradigm is still in the process of building a company culture understanding its social responsibility role within affected communities.
Social responsibility is a form of corporate self-management that tightly integrates into the business model and operations of an organization. In practice, social responsibility encourages personnel at all levels of the company to not only consider the method of revenue generation, but that the supporting activities are performed in a manner consistent with social and ethical concerns (Feigenbaum, 2013).
In the following sections four components of a social responsibility strategy for Paradigm will be examined: environment, ethical leadership, organizational viability and the law. For each component considerations relative to Paradigm’s current operations will be offered and when specific action is required, a recommendation of the next steps to be taken that align with the objective of creating a socially responsible organization.
Environmental Considerations and Recommendations Companies involved in social responsibility initiatives often seek to voluntarily eliminate operational practices that might negatively impact the environment, regardless of whether regulations exist compelling them to do so. Unlike production facilities where hazardous waste may be a concern, Paradigm’s product is composed of bits and bytes of machine code used to create health informatics software. That does not mean there are not important environmental considerations that should be included within Paradigm’s social responsibility strategy. In fact, three considerations relative to current operations
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