JB- Hifi performance Assignment PDF

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JB- HIFI PERFORMANCE IN SOCIAL, ENVIRONMENTAL, AND COMMUNITY
ASPECTS
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Professor’s (Name)
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JB- HIFI PERFORMANCE IN SOCIAL, ENVIRONMENTAL, AND COMMUNITY
ASPECTS
Background Information of the company
JB HI-FI is a company based in Australia and New Zealand dealing with sales of
consumer goods, focusing in cinematographic games, ultra Blu-rays, digital versatile discs,
compact discs, electronics, hardware and a Telstra service station to offer quality and reliable
service to its clients. The company is register and visibly registered with Australian securities
exchange or sometimes outside Australia called Sydney Stock Exchange. JB-HIFI Company has
its dome headquarters located at Chad stone Shopping Centre in Melbourne City. This company
has been at the fore from in making the significant profit despite the lousy economy in Australia.
This year it has collected huge profits, and it's just half of the year. Other companies have had
bad experiences and registering huge loses (Pallegedara and Warren 2014).
Regarding the excellent performance and making of substantial profits by the company
JB-HIFI has the formula of arriving at that destination. This company has recently performed its
activities concerning social, environmental and community aspects thus doing great in the
business world. Having its tradition in favor of all the stakeholders of the company the company
registers good profits. (Fleming et al. 2014)
Social Aspect
The social world of the JB-HIFI company recognizes the social matters affecting all the
stakeholders. Being a company centered in Australia and New Zealand, it is committed to the
understanding of working with the customers, suppliers, and employees in creating a healthy
social interaction. In 2008 JB-HiFi established a forum ‘helping hands' that enables directors,
executives and employees to get engaged through contributing to eight programs in a staff

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system (see Appendix two: JB Hi-Fi social statement). This forum has about 68% of the JB-
HIFI Australian employees who make contributions weekly. The company is proud to have
raised a reasonable amount of money close to 10million dollars in recent years. It has an
extended branch in New Zealand which has about 41% of the JB-HIFI company and raised more
than $21500 in the past years of operation.
Concentrating on the social statement of the company has are many groups centered on
bringing up the excellent idea of providing aid to the stakeholders in the company to allow
quality performance. There is another forum called donation boxes that are placed at many points
in Australia and New Zealand (Berry, Wynne and Riedy 2014). Donations are made in this boxes
to aid raising the money for charity purposes by the company amounting to $48500 and $50000
respectively. Employer Leadership Group has not been left behind in trying to establish a better
half of the contribution towards charity. JB –HIFI Company is a founder partner of the
Australian Charity Foundation (see Appendix two: JB Hi-Fi social statement). It has enabled
good relation with the social life of the employees and the surrounding community as well.
Community Aspect
The community part that contributes the proper performance of the JB-HIFI company is
in bold numbers to allow the best experience to the community is catered. The company has
come up broadly by ensuring that all operations are run ethically without breaching any of the
communities' ethics. JB-HIFI has adopted this portion of performing its task very seriously thus
making a long-term shareholders value (see Appendix one: JB Hi-Fi environmental and social
statements). The company has always emphasized on the good follow up of its adopted code of
ethics. Through allowing all activities to take place without any quarrel with the community,
respect is upheld by the company when pursuing its tasks.

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As a company, JB-HIFI has adopted the code of ethics on how it should treat the
employees and the customers. In the approved code of ethics, the company is expected to,
respect every employee dignity, freedom from their needs and rights well preserved (Knudsen
and Foss 2017). The company is also entitled to providing a clean and safe environment for the
employees for efficiency when at work. The company is expected to respect and recognize the
work of each employee. Finally, the company should adhere customers, suppliers and obey the
law.
The employees of the JB-HIFI company are also addressed by the code of ethics on how
to carry out their tasks and deliver the best experience. They are expected to practice courtesy,
honesty, and respect for the customers and suppliers of the company. Employees are also
expected to safeguard the property of the company and the customers. By following the code of
ethics, JB-HIFI has been able to form a good profit range thus a good performance. (Quessy
2016)
Environmental Aspect
JB-HIFI Company has also majored in the environmental standards to improve the
quality of the services. The company is committed to volunteer initiatives that ensure it is
striving towards performing business in a minimum impact on Australian and New Zealand (see
Appendix one: JB Hi-Fi environmental and social statements). JB-HIFI has engaged in projects
concerning the environment. For instance, the carbon disclosure project JB-HIFI responds
annually to carbon disclosure project (CD P) a nonprofit organization that reports environmental
action to the external users of the company. The company is also engaged in activities that help
to control the Australian environment such as mobile phone recycling and re-use, cartridge four

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planet ark, store recycling initiatives and Australian packaging covenant. (Birt, Chalmers, Byrne,
Brooks and Oliver 2012)

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Reference
Berry, F., Wynne, L.E. and Riedy, C., 2014. Changing our Tune: Scoping the potential of the
Australian music industry to address climate change. 34 (3), p.14.
Birt, J., Chalmers, K., Byrne, S., Brooks, A. and Oliver, J., 2012. Performance measurement.
Retrieved from https://eprints.usq.edu.au/22456/
Fleming, A., Hobday, A.J., Farmery, A., Van Putten, E.I., Pecl, G.T., Green, B.S. and Lim-
Camacho, L., 2014. Climate change risks and adaptation options across Australian seafood
supply chains–A preliminary assessment. Climate Risk Management, 1, pp.39-50.
Knudsen, B. and Foss, B. 2017. Shale-gas wells as virtual storage for supporting intermittent
renewables. Energy Policy, 102, pp.142-144.
Pallegedara, D. and Warren, M., 2014. Evaluating Australian social media policies in relation to
the issue of information disclosure. ACIS. Retrieved from
http://aut.researchgateway.ac.nz/handle/10292/8084
Quessy, J., 2016. What has the Union done for me?. Newsmonth, 36(7), p.10.

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APPENDIXES
Retrieved from: https://www.essaygiants.com/jb-hi-fi-limited-environmental-and-social-
statements/
Appendix one: JB Hi-Fi environmental and social statements

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Appendix two: JB Hi-Fi social statement

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