...“Large Companies are embracing sustainability reports in various forms but are just as profit driven and unethical behind the scenes”. Introduction There is no such thing as an agreed definition for exactly what sustainability means. However what we do know is that sustainability is about taking what we require to live now, without tarnishing its potential for people in the future to meet their needs (LandLearnNSW, 2016). Sustainability is based around 3 pillars, these are economic, social and environmental factors. Sustainability reporting is the practice of measuring, disclosing and being accountable to internal and external stakeholders for organisational performance against specific environmental, social and economic governance goals and metrics (lecture notes, 2016). Although it is not a legal requirement for a company to report on sustainability, it is estimated that almost 93% of the top 250 companies globally will do so (lecture notes, 2016). Where did sustainability begin? Sustainability first came into the public eye at a United Nations conference on the human environment, this was located in Stockholm Sweden in 1972 (Moore, 2014). Over 100 nations attended and agreed on an action plan for the human environment. Furthermore the real development of sustainability came at a UN conference in bas in Rio De Janeiro in 1992. It was here where 130 nations signed an agreement climate change, Biodiversity and an action plan called Agenda 21 (Cleveland, Kubiszewski...
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...Ethical Strategy Review of Cisco Systems ethical strategy, what they say, what they do, and how it impacts their stakeholders. 2010 Contents Introduction 3 Background Information 3 Cisco’s Ethical Strategy 6 Stated Ethical Strategy 6 Stakeholder Analysis 9 Employees 9 Customers 13 Government 15 Suppliers 17 Shareholders 18 Communities 20 Institutionalization of Ethics 21 Explicit Components 21 Implicit Components 22 Corporate Environmental Management 23 Environmental Policy 23 Environmental Management Systems (EMS) 24 Crisis Management Policy 25 Overall Evaluations and Conclusions 26 Recommendations 27 Works Cited 29 Appendix 32 Appendix A - Cisco Code of Business Conduct 33 Appendix B - Cisco Ethics Decision Tree 34 Appendix C – Cisco Systems Inc. Board of Directors 35 Appendix D – Cisco CSR Awards and Recognition 36 Appendix E – Cisco’s Supplier Code of Conduct 39 Appendix F – Cisco’s Supplier Ethics Policy 40 Introduction The purpose of this paper is to see how a Cisco integrates their ethical and socially responsible practices into their business. The paper will look at the company background, and history. It will then analyze the ethical strategy of the company by reviewing the stated ethical strategy, statements and documents that support that strategy and how the strategy impacts the major stakeholders of the company. An examination of how Cisco institutionalizes their ethics strategy into the company...
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...Assignment 2: Human Resource Strategy BUS 508 May 16, 2015 Assignment 2: Human Resource Strategy Good Human Resource strategies are imperative for any organization to successfully meet its ultimate goals. This case study will discuss the mission, vision and Human Resource strategies of Burns and McDonnell and Cisco Systems and analyze how both companies can improve their strategies to help them excel in their industries. Compare and contrast the two (2) industries you have identified in terms of size, products, services, customers, economic and regulatory environment. Burns & McDonnell is an engineering design company with more than 5,000 employees (“About Us,” 2015). The company provides engineering, architecture, construction and consulting services for health care, aviation, defense and utilities markets (“About Us,”,2015). Burns & McDonnell is not a product company. It is an engineering company that designs solutions for clients. Some examples include boiler design and installation, building a cellulosic biorefining plant, and design of a microbiology lab. Their customers include healthcare industry companies, power energy companies, aviation companies, IT and construction companies, including clients like Duke Energy, American Airlines and the U.S. Navy (“Burns & McDonnell,” 2015). Burns & McDonnell is part of several governing security regulatory boards. The company's regulatory environment includes Chemical Facility Anti-Terrorism Standards, Emissions...
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...Carlos Brown 7/20/2014 Case Study Cisco has twelve offices in eight Middle East countries, employing more than 628 people. The company’s corporate social responsibility efforts have largely focused on education and economic development. Cisco has gained recognition for these activities including the U.S Secretary of State’s Award for Corporate Excellence in 2005 for it’s participation in the Jordan Education Initiative. Other significant examples of Cisco’s Middle East initiatives include a January 2008 announcement of a three-year, $10 million investment to seed a sustainable model for desperately needed job creation and economic development in the Palestinian territories. In Egypt, Cisco partnered with the World Economic Forum to create the Egypt Education Initiative, a trailblazing project that utilizes computer technology to help reform and improve educational standards in developing countries. Finally, in Lebanon, Cisco created a similar project called Partnership for Lebanon. The key strategic lessons learned from the PFL concerning the implementation and running of development programs that could be adopted by any senior manager were a strategic approach of giving back. That was an important part of Cisco. They felt that giving back was a core value of theirs. The article mentions “Giving back was a core value that permeated the entire Cisco culture, as well as collaboration and communication. Cisco’s corporate citizenship culture incorporated values of openness...
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...Company Report Cisco Systems, Inc. Executive summary This is a description of Cisco System, Inc because it is listed as one of the “100 Best Companies to Work For”. The company has also increased its ranking from 90 to 42 in 2013. This has made it a respected company in the world due to its customer relations and it has been able to hold the market competitively. The owners, Leonard Bosack and Sandy Lerner, grew the business get it from an office connection service into the business world connecting many institutions and government organizations. Therefore, it is a good example with a rich product line, and a good understanding of its success is helpful. Cisco Company Cisco is one of the best companies all over the world with the best services and Corporate Social Responsibilities programs offered to its employees and the community. This has improved its reputation and success because it attracts many customers, due to the many products it offers. This report discusses the company and its successful products as well as the employees and their working environment. Company overview Cisco is a multinational corporation involved in designing, developing and selling many different types of networking equipment. It is an American company started in 1984 with its headquarters in San Jose, California. It has many qualified employees amounting to 64,000 who work around the world producing quality products. It has more than fifteen products and competes with more...
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...Cisco Unified Presence Deployment Guide Release 6.0(1) Americas Headquarters Cisco Systems, Inc. 170 West Tasman Drive San Jose, CA 95134-1706 USA http://www.cisco.com Tel: 408 526-4000 800 553-NETS (6387) Fax: 408 527-0883 Customer Order Number: Text Part Number: OL-12732-02 THE SPECIFICATIONS AND INFORMATION REGARDING THE PRODUCTS IN THIS MANUAL ARE SUBJECT TO CHANGE WITHOUT NOTICE. ALL STATEMENTS, INFORMATION, AND RECOMMENDATIONS IN THIS MANUAL ARE BELIEVED TO BE ACCURATE BUT ARE PRESENTED WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. USERS MUST TAKE FULL RESPONSIBILITY FOR THEIR APPLICATION OF ANY PRODUCTS. THE SOFTWARE LICENSE AND LIMITED WARRANTY FOR THE ACCOMPANYING PRODUCT ARE SET FORTH IN THE INFORMATION PACKET THAT SHIPPED WITH THE PRODUCT AND ARE INCORPORATED HEREIN BY THIS REFERENCE. IF YOU ARE UNABLE TO LOCATE THE SOFTWARE LICENSE OR LIMITED WARRANTY, CONTACT YOUR CISCO REPRESENTATIVE FOR A COPY. The Cisco implementation of TCP header compression is an adaptation of a program developed by the University of California, Berkeley (UCB) as part of UCB’s public domain version of the UNIX operating system. All rights reserved. Copyright © 1981, Regents of the University of California. NOTWITHSTANDING ANY OTHER WARRANTY HEREIN, ALL DOCUMENT FILES AND SOFTWARE OF THESE SUPPLIERS ARE PROVIDED “AS IS” WITH ALL FAULTS. CISCO AND THE ABOVE-NAMED SUPPLIERS DISCLAIM ALL WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING, WITHOUT LIMITATION, THOSE OF MERCHANTABILITY, FITNESS...
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...Corporate Environmental Management Project Report CSR Strategies for SONY (With Reference to Indian Electronics Industry) Submitted By: Sandeep Srivastava Roll No. 09, ISEM-05 NITIE - Mumbai Guided By: Prof. Shirish Sangle [pic] National Institute of Industrial Engineering Mumbai – 400 087 December 2006 Table of Contents: 1. Introduction 3 2. About SONY Group 4 3. CSR View of SONY 4 4. Management-oriented CSR Practices 4 4.1 Corporate Governance 4 4.2 Compliance 4 4.3 Supply Chain Management 5 5. People-oriented CSR Practices 5 5.1 For Shareholders 5 5.2 For Customers 5 5.3 For Employees 6 5.4 For the Community 7 6. Sony Group Environmental Vision 7 6.1 Approaches to Environmental Issues 7 6.2 Approach to Business Activities 8 6.3 Energy Saving and Resource Conservation 8 6.4 Management of Chemical Substances in Products 8 6.5 Reduction of Environmental Impact in Logistics 9 6.6 Environmentally Conscious Products and Services 9 6.7 Product Recycling 9 6.8 Global Warming Prevention Measures at Sites 9 6.9 Resource Conservation at Sites 9 6.10 Chemical Substance Management at Sites 9 6.11 Natural Environmental Conservation at Sites 10 7. The Way Forward 10 7.1 Reversing the Adversity of Outsourcing 10 7.2 Better Management of E-waste 10 7.3 Trade Union of Professionals 11 7.4 Safety of Female Employees 11 7.5 Narrowing the Digital Divide 11 7.6 Responsible Content Use and Privacy of Data 11 7.7 Crisis...
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...Cisco: Supply chain RISK MANAGEMENT PLAN VERSION 5 01/13/2014 TABLE OF CONTENTS 1. INTRODUCTION 1. Executive Summary 2. Purpose of the Risk Management Plan 2. Risk Management Procedure 1. What is a Risk? 1. Risk Identification 2. Risk Assessment 3. Risk Mitigation 4. Risk Monitoring 5. Risk Planning 2. Qualitative Risk Analysis 3. Quantitative Risk Analysis 4. Risk Reporting 3. Tools and Practices 4. Conclusion 1. Risk Contingency Planning 2. Processes to Address Immediate Unforeseen Risks 5. Risk Management Plan Approval 6. Appendix A: References 7. Appendix B: Key Terms INTRODUCTION 1 EXECUTIVE SUMMARY THIS RISK MANAGEMENT PLAN DOCUMENTS A PRESENTATION MADE AT YEILDMORE ON HOW CISCO MANAGES THE RISKS ASSOCIATED WITH SUPPLY CHAIN DISRUPTIONS. YEILDMORE ASSESSES CISCO'S SUPPLY CHAIN RESILIENCY PROGRAM AS ONE OF THE BETTER-EXECUTED PROGRAMS WE HAVE SEEN, AND RECOMMENDS OTHER CLIENTS STUDY IT TO UNDERSTAND HOW THEY MIGHT "DERISK" THEIR OWN SUPPLY CHAINS. THEY OFFER A PRODUCT-CENTRIC APPROACH WHICH PROVIDES MORE BUSINESS VALUE THAN AN INCIDENT-CENTRIC APPROACH TO RISK ASSESSMENT FOR MOST BUSINESSES. Cisco’s transparency is critical to both internal and external support for supply chain resiliency. Objective metrics contribute...
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...importance of ethics in business and corporate social responsibility. □ What is Managerial Accounting? | Financial Accounting | Managerial Accounting | 1. Users | External persons whomake financial decisions | Managers who plan for and control an organization | 2. Time focus | Historical perspective | Future emphasis | 3. Verifiability versus relevance | Emphasis on objectivity and verifiability | Emphasis on Relevance | 4. Precision versus timelines | Emphasis on precision | Emphasis on timeliness | 5. Subject | Primary focus is on companywide reports | Focus on Segment reports | 6. Rules | Must follow GAAP / IFRS | Not bound by GAAP / IFRS | 7. Requirement | Mandatory for external reports | Not Mandatory | There are seven key differences between financial accounting and managerial accounting: 1. Users: Financial accounting reports are prepared for external parties, whereas managerial accounting reports are prepared for internal users. 2. Emphasis on the future: Financial accounting summarizes past transactions. Managerial accounting has a strong future orientation. 3. Relevance of data: Financial accounting data should be objective and verifiable. Managerial accountants focus on providing relevant data even if these data are not completely objective and verifiable. 4. Less emphasis on precision: Financial accounting focuses on precision when reporting to external parties. Managerial accounting aids decision makers by providing good estimates...
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...The Link Between Competitive Advantage & Corporate Social Responsibility | Business and Society | | There is currently growing interest in corporate social responsibility (CSR) among both companies and managers. It has become an important topic of theoretical concentration and one of the most widely accepted business concepts. The major issues in the field of CSR concern stakeholder analysis and corporate strategic management. Numerous attempts have been made to link CSR and financial performance. While the debate over CSR continues, it reveals that some additional research can be done on the link between CSR and competitive advantage (CA). CSR is understood to be the way firms integrate social, environmental, and economic concerns into their values, culture, decision making, strategy, and operations in a transparent and accountable manner (Berger, 2007). Thereby firms establish better practices within, create wealth, and improve society (Berger, 2007). CSR programs go beyond legal and ethical frameworks to include a wide range of issues for the organization (Berger, 2007). Specifically, CSR programs can impact a wide range of issues managed by the organization including: corporate governance and ethics programs; health, safety, and environment programs; attention to human and labor rights; human resource management policies; community involvement; respect for indigenous groups and minorities; corporate philanthropy and employee volunteering; adherence to principles...
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...387 From supply chains to value chains: A spotlight on CSR Malika Bhandarkar and Tarcisio Alvarez-Rivero* 1. Introduction Corporate social responsibility (CSR)1 has become a hot topic in boardrooms across the world. Changes in corporate value systems are being driven by pressures from different actors, including governments, consumers, non-governmental organizations (NGOs) and institutional investors (diagram 1). Multinational corporations (MNCs) have operations spread across the globe, relying on both foreign affiliates and arm’s-length suppliers arrayed along global supply chains, many of which encompass developing countries. What then does the growing CSR movement mean for developing country producers? The chapter addresses this question. Diagram 1 Institutional Investor Tier I Tier II Tie r III NonGovernmental Organization Multinational Corporation Supply Chain, consisting of: Consumer Government CSR has relevance to many facets of a corporation’s operations. Strong CSR policies can help to recruit the right people for the job, keep attrition rates low by promoting a “feel good” quotient, improve corporate image, prepare for future regulation, empower “soft” laws (Vogel, 2005, p.162), appease green customers, and convince institutional investors that the corporation is following sustainable practices that positively impact the bottom line. * Policy Integration and Analysis Branch, Division for Sustainable Development, UNDESA...
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...Question 1 Inkawa is a privately owned South East Asian company that designs, develops and manufactures television. It has a solid financial position, which is the biggest electronics manufacturer in its own country. Domestic and international suppliers Domestic and international suppliers Material procurement plans Material procurement plans Demand forecasting Demand forecasting Spare parts inventory Spare parts inventory Purchasing Purchasing Warehouse 1 Warehouse 2 Warehouse 3 ...... Warehouse 1 Warehouse 2 Warehouse 3 ...... Manufacture Manufacture Inventory Record Inventory Record Transportation Transportation Data processing Data processing Inventory management Inventory management Selling Selling Customers Customers Figure 1: supply chain in current Inkawa Figure 1: supply chain in current Inkawa Refer to the supply chain in current Inkawa in Figure 1. Inkawa makes material procurement plans through demand forecasting in the first step. Next step, it purchases components to designs, develops and manufactures televisions. Then Inkawa transports the finished televisions to the warehouse, and the retailers purchase the finished goods from warehouse. Finally, customers buy the finished good in the stores. Therefore, Inkawa take the manufacturer as the central, and according to the products of the production and inventory, Inkawa sells goods to the customer in a planned way, its driving force is from the upstream of supply chain...
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...Kamrijjaman Department Coordinator ID-12304076 BBS sec-01 Date of Submission – 15.12.14 Letter of Transmittal 15th December, 2014 Mohammad Rezaur Razzak Associate Professor BRAC Business School BRAC University Mohakhali, Dhaka. Subject: Submission of report on “Nokia Corporation” Dear Sir, With due respect, I am submitting my report on the above mentioned title for the fulfillment of the requirements of my Strategic Management (MGT401) course. I took this report as an opportunity to reflect my learning of the techniques and skills of this three months long course. I realize that my report may not be flawless; there might be some mistakes which were not noticed by me due to my inadequate professional knowledge. By collecting information for this report I also learned something very superfluous in practical. I look forward to make the optimal use of the knowledge that I gained from this course. I would like to gratitude you for giving me such a great opportunity to prove my ability in making a quality report. If any mistakes remain I heartily apologize for those. I hope you will take my mistakes with due consideration. Thanks. Sincerely yours, Kamrujjaman ID: 12304076 BRAC Business School BRAC University Acknowledgement First of all, I am very much grateful to Almighty God who gave blessings, courage, and ability to prepare this Term Paper. I am very much...
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...function. Hot topics are not only low cost sourcing, but also supplier integration to become more innovative, procurement technology’s contribution towards profitability and growth, and how social media affects talent management (http://spendmatters.com/uk/procurement-hot-topics-agenda-2014-part-2/). However, the measurement of procurement contribution is often a very sensitive subject. There are no clear boundaries between the various functions involved and thus tensions are bound to occur when it comes to target savings per function at the end of the year. Among today’s hot topics is also the identification of effective processes for managing supply chain risks and corporate social responsibility. Many organisations have their CSR statements but good intentions have to turn into real procurement (http://spendmatters.com/uk/procurement-hot-topics-agenda-2014-part-2/). That actions includes careful the controlling and monitoring of the suppliers’...
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...Macromarketing 29(4) 392-405 ª The Author(s) 2009 Reprints and permission: http://www. sagepub.com/journalsPermissions.nav DOI: 10.1177/0276146709344954 http://jmmk.sagepub.com Abstract The authors provide evidence that firms can enhance their own objectives by internalizing the objectives of most stakeholder groups. This suggests that society’s objectives, as defined by stakeholders to the firm, can be augmented by the self-interest motivation at the heart of a market system. Specifically examined was the impact of stakeholder responsiveness on innovativeness. The second objective of this study was to explore the impact of compliance-based versus strategic-based regulation approaches on firm innovation and overall corporate social responsibility (CSR). Findings suggest that regulatory responsiveness decreases innovation when firms expend resources only on compliance. Firms adopting strategic-based approaches, such as voluntary regulatory...
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