Report on Business, Planet and Society

Added on -2020-02-24

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Running head: BUSINESS, PLANET AND SOCIETYBusiness, Planet and SocietyName of the StudentName of the UniversityAuthor Note
2BUSINESS, PLANET AND SOCIETYTable of Contents1.0 Introduction................................................................................................................................32.0 Discussion..................................................................................................................................32.1 Corporate Social Responsibility performance and stated values of two dissimilarorganizations in same nation, Australia.......................................................................................32.2 Comparing Nike and Samsung based on range of social, environmental and economicissues............................................................................................................................................42.3 Explaining Differences: Nike and Samsung..........................................................................52.4 Quality of Reporting: Social Accounting based on Zadek et al.’s (1997) criteria at Nikeand Samsung................................................................................................................................72.5 Nike and Samsung Company Values..................................................................................102.6 Group Discussions...............................................................................................................103.0 Conclusion...............................................................................................................................114.0 Reference List..........................................................................................................................13
3BUSINESS, PLANET AND SOCIETY1.0 Introduction In this report, the details about the two companies along with their industries andcountries of operation are described. Moreover, social performance issues of these twocompanies are also illustrated in this business report. The differences of these companies basedon the range of social, environmental and economic issues is also highlighted in terms of style,content and presentation of the social reports, strengths and weaknesses of the approaches thereport is presented and range of issues that in the report is also focused. Furthermore, thedifferences between these companies are also described followed by assessment of the quality ofsocial accounting approachaccording to Zadek et al.’s (1997) criteria. In addition to that, themission statement, values, business principles of these two industries are critically analyzed byaligning the approaches to social responsibility and sustainability. Lastly, a group reflectionabout the social reporting of the two companies is provided that identifies the key points ofagreement and disagreement with other group member. 2.0 Discussion 2.1 Corporate Social Responsibility performance and stated values of two dissimilar organizations in same nation, Australia Nike and SamsungNike was established in the year 1964 headquartered in The United States. Alike theiractual business objectives, Nike in Australia, also liable for design, development, manufacturing,and worldwide marketing of the sports footwear. In the year 2016, the total revenue of NikeAustralia Pty Ltd was $463,398,000 (Nike, 2017). They have employed 379 employees in
4BUSINESS, PLANET AND SOCIETYAustralia and ranked number 801 out of the top 2000 companies in Australia (Nike, 2017). Onthe other hand, Samsung was found in 1938 with the purpose of delivering premium qualitytechnology through their digital devices. Samsung Electronics Australia Pty Ltd has attained thetotal revenue of $2,495,303,000 inclusive of other revenues (Samsung, 2017). The concernedorganizationhad 332 employees in Australia and ranked number 147 out of the top 2000companies in Australia (Samsung, 2017). It can be said that both the industry are leading in theirown industry and both companies are serving in more than 100 countries across the world.Samsung has around 30 subsidiaries; while Nike has only 8 subsidiaries (Iannuzzi, 2017). Thesetwo leading companies follow corporate social responsibility and publish them to represent theirefficiency of their business. These companies have taken all possible steps to perform theirbusiness procedure in such a way that all the environmental and business ethics can bemaintained. Considering their selection of the raw materials to the business procedures throughwhich the raw materials are processed to the final products are done in such a way that planetearth or any mankind does not get affected. 2.2 Comparing Nike and Samsung based on range of social, environmental and economic issuesThe sustainability report of Nike and Samsung represent their business activity thatfollows all the business ethics. Moreover, in case of both the companies use their principles forhighlighting their commitments towards effective corporate social responsibility. However,comparing these two companies seems to be unfair as they have different business operation butthey are proceeding with the same aim that is to les affect the planet earth. Nike in their sustainability report mentions that they have addressed climate-relatedissues through the concept of low-carbon growth economy. Nike in their also mentions that they

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