Social Responsibility of Whirlpool Corporation Whirlpool Corporation is a global manufacturer and marketer of major home appliances‚ with annual sales of more than $18 billion‚ more than 73‚000 employees‚ and nearly 70 manufacturing and technology research centers around the world. The company’s family of brands‚ including Whirlpool‚ Maytag‚ KitchenAid‚ Jenn-Air‚ Amana‚ Brastemp‚ Bauknecht‚ Consul and other major brand names to consumers in more than 170 countries. Whirlpool Corporation is
Premium Whirlpool Corporation Major appliance
Corporate social responsibility is a business philosophy that stresses the importance of keeping the best interests of the wider society in mind. The World Business Council for Sustainable Development in its publication Making Good Business Sense by Lord Holme and Richard Watts‚ used the following definition. ‘Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce
Premium Corporate social responsibility Sustainability Sustainable development
Strategic Corporate Social Responsibility and Value Creation among Large Firms Lessons from the Spanish Experience Bryan W. Husted and David B. Allen Can corporate social responsibility (CSR) be a source of good and a wellspring of innovation‚ competitive advantage and value creation for the firm? Although CEOs and government leaders insist in public that CSR projects create value for the firm‚ privately they admit that they do not know if CSR pays off. To address this question and drawing on
Premium Corporate social responsibility Strategic management Value added
Introduction (Corporate Social Responsibility and the impact it has on society at a global level is studied (discussed/investigated) as we look at whether current regulations are sufficient or mandatory regulations are required in order to sustain our environment in the future.) Since the 1990’s there has been an increasing trend for companies to provide information regarding the environmental implications of their operations (Gozali et al.‚ 2002). This has arisen due to the increasing importance
Premium Sustainability Environmentalism Social responsibility
Bangladeshi Frozen Food Business. Frozen Foods in Bangladesh encompass from fishes to ready-to-cook foods. However‚ fishes and shrimps are exported and generate foreign exchanges for Bangladesh‚ whereas‚ the semi-processed foods are imported and produced locally. Indeed‚ it is a potential business where rural people can be benefited by investing little amount of money‚ and producing and meeting the emergence demand in the market. This paper additionally concerns on the constraints of business such as lack of
Premium Food Food processing
In the recent history‚ corporate social responsibility became one of the standards that companies are trying to achieve. According to Reference for business (ND)‚ corporate social responsibility (CSR) can be defined as "economic‚ legal‚ ethical‚ and discretionary expectations that society has of organizations at a given point in time". Moreover‚ there are several key principles of CSR that have importance to the stakeholders. Stakeholders can be defined as “individuals or groups how depend on the
Premium Social responsibility Corporate social responsibility Business ethics
------------------------------------------------- INTRODUCTION The current issue of the Bangladesh Economic Update focuses on the magnitude‚ dynamics‚ sectoral distribution‚ and country-wise sources of FDI inflow in the country. The flow of foreign direct investment is of utmost importance in the current backdrop of overall slump in investment in the economy in recent days. If FDI falls‚ it will reduce investment‚ which in turn will shrink employment generation. These may lead to decline in consumption
Premium Investment Foreign direct investment Macroeconomics
Officer is Ron Carpenter now in his late-sixties. His wife Mrs. Emelia Carpenter‚ being an aggressive business woman and somewhat younger than her husband‚ now effectively runs the company. Ron Carpenter is affectionately known to all as "Woody" and so the company is generally known as "Woody’s". Woody‚ after an apprenticeship as a cabinet maker‚ started his small furniture manufacturing business back in 1954 and he and his wife moved to their present location in 1959. The company quickly gained a
Premium Project management Construction
CORPORATE SOCIAL RESPONSIBILITY (CSR) is a term describing a company’s obligation to be accountable to all of its stakeholder in all its operation and activities. Socially responsible companies consider the full scope of their impact on communities and the environment when making decisions‚ balancing the needs of stakeholder with their need to make profit. A company’s stakeholders are all those who are influenced by and can influence a company’s decisions and action‚ both locally and globally. Business
Premium Steel Corporate social responsibility Tata Group
Chapter 3: What‚ in your view‚ makes a company “good” or “bad”‚ particularly if you start with the idea that ethics is an important part of your evaluation? Why? According to the Webster’s dictionary‚ good is defined as a favorable character or tendency. Every company has the option of being good or bad. One wrong move can turn a good company bad and one right move can turn a bad company good. Companies that use cheap labor versus companies that use high paid‚ highly educated labor are not bad
Premium Corporation Employment English-language films