Differences in Social Values and Corporate Responsibility: Coles vs Ikea

Running head: ASSIGNMENT 2, PART A
ASSIGNMENT 2, PART A

ASSIGNMENT 2, PART A
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Table of contents
Introduction......................................................................................................................................3
Explanation of the differences that are evident between the two companies in terms of the range
of issues dealt with in the reports and the depth of coverage on specific issues.............................3
Explaining the extent to which these differences be explained by the country or industry
differences........................................................................................................................................6
Assessing the apparent quality of the social accounting approach utilized by each company
according..........................................................................................................................................8
Discussing the extent to which the social reports reflect the values of your selected companies...9
Reflecting on groups’ discussions of these companies....................................................................9
Conclusion.....................................................................................................................................10
References......................................................................................................................................11

ASSIGNMENT 2, PART A
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Introduction
Social values and corporate responsibility are evident factors of the firm's operation
which they have to focus on in order to benefit the society and environment from there
operational activities. The current assessment is based on the description of these social, cultural
and environmental values which companies like Coles and Ikea have while operating in a
market.
Coles is a retail supermarket company based in Australia the firm is a supermarket giant
acquiring 30% of the market share within the supermarket industry of Australia it is subsidiary of
Wesfarmers. On the other hand IKEA is a retail firm headquartered in Netherlands it is operating
in 424 locations which makes its globally operating company.
Explanation of the differences that are evident between the two companies in
terms of the range of issues dealt with in the reports and the depth of coverage
on specific issues
As both the companies operate in different industry and vary in organizational size there
is a big difference between the two companies and in the range of issue which both the
companies deal with. The following can be explained by the help of Sustainability phase model.
The figure of sustainability phase model is given below

ASSIGNMENT 2, PART A
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Figure 1: Sustainability Phase model
(Source: Crane, Matten & Spence, 2019)
The figure above shows different phase of sustainability that a firm acquires in their process of
evaluation and operation as more prominent company within the market. Currently Looking at
Ikea’s sustainability report it can be said that Ikea is on the proactive phase of sustainability in
which the company is strategic and has focus on supply network and stakeholder management.
On the other hand Coles supermarket is a firm which is on the level of Efficiency as the company
is looking on to systematic HRM, avoidance of risk and increase in efficiency on engagement
with supply chain. This shows that both the companies in the current context are on different
levels of sustainability (Crane, Matten & Spence, 2019).
In accordance to the sustainability report of Wesfarmers Coles is focused on developing effective
relationship with building a strong and collaborative relationship with farmers, producers and