1 MANAGEMENT Table of contents Introduction......................................................................................................................................3 Discussion........................................................................................................................................3 Conclusion.......................................................................................................................................4 Reference list...................................................................................................................................5
2 MANAGEMENT Introduction The term corporate social responsibility describes effort of the organizations towards improving the economic, environmental and social status (Huang et al.). By developing the CSR policies all over development can be introduced in the ethical manner. The purpose of this study to critically analyze the situation of Patagonia in the current competitive market and identify the initiatives, which has made the company unique from the traditional organizations. At the end of this study, sustainable ideas have been introduced, which can help Jos. A. Bank Clothiers Inc to implement the CSR audit in the right manner. Discussion Patagonia has gained its market position by introducing the unique operation as well as marketing strategies in the market. By introducing the sustainable outdoor appeal and high quality of products, not only the company has lead the environmental movements but also the company has brought the regenerative agricultural practices in the country (Huang et al.). Developing the unique culture as well as leadership practices in the workplace, Patagonia has startedenjoyingthecontinuousgrowthinthecurrentcompetitivebusinessenvironment (Patagonia.com). Analyzing the long term vision of this company, it has been identified that it not only inspires the changes, but also instigating the changes sustainability initiatives are being implemented in the company. The decision making process in Patagonia has made it unique from the traditional organizational practices (El-Kassar et al.). Involvement of individuals in the micro decision making process, helps to organization to perform its job within a particular time frame. By introducing lots of flexibility in scheduling, the working culture ion Patagonia has increased the
3 MANAGEMENT employee engagement. During the two months of environmental internship course, the annual performance rating helps to increase employee engagement. In order to reduce the environmental impact, impressive actions have been adopted by the company. From the last 40 years, the company is supporting the grassroots activists, who have been working for finding the solution for environmental crisis. Patagonia hasalso pledged 1to 10% of pre-tax profits, which can be consideredaoneofthestrategicstepsformaintainingthebiodiversityandwildness (Patagonia.com). In order to deal with the environmental crisis, the company has also contributed in reducing greenhouse gas emissions by avoiding the dirty technologies. Analyzing different CSR initiatives adopted by different organization, it can be said that in case of implementing the positive CSR audit in Jos. A. Bank Clothiers Inc, the strong message needs to be developed by the company without striking to the goal. Using the message called “Eat organic, live healthy, involvement of customers can be increased. Through different social media platforms and third party partnership programs, awareness among the people can be increased, which can help to develop an effective CSR report (Tata, Jasmine and Sameer Prasad). By evaluating the measurable goals, it can be easier for the organization to meet its business goals. Conclusion In the conclusion, it can be said that by supporting the environmental activists and effective decision making process, Patagonia has developed its unique position in the market. In case of sustaining in the competitive business environment, Jos. A. Bank Clothiers Inc needs to focus on introducing effective CSR strategies for grabbing the large numbers of customers’ attention.
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5 MANAGEMENT Reference list an Huang, Min-Hsin, Zhao-Hong Cheng, and I-Chun Chen. "The importance of CSR in forming customer–companyidentificationandlong-termloyalty."JournalofServices Marketing31.1 (2017): 63-72. El-Kassar, Abdul-Nasser, Leila Canaan Messarra, and Raed El-Khalil. "CSR, organizational identification, normative commitment, and the moderating effect of the importance of CSR."The Journal of Developing Areas51.3 (2017): 409-424. Patagonia.com.Retrievedfrom:https://www.patagonia.com/enviro-initiatives-book.html [Accessed on 24th Feb, 2019] Tata,Jasmine,andSameerPrasad."CSRcommunication:Animpressionmanagement perspective."Journal of Business Ethics132.4 (2015): 765-778.