Just selling a great product or having great service is not enough for today's socially conscious shoppers. Today corporations have to look at other factors including participating in events in the community and being socially responsible. Social responsibility for corporations was not a major focus until recently. I think it is interesting the different ways and examples corporations all over including the company I work for C.H. Robinson. I want to see what they do compared to my former employer Sears Holdings to see differences good or bad from different industries. I think I work for the better company in every way now but I could be wrong on their social responsibilities.
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Nike is number 22 on the 2013 version of the list, but for how many years has Nike been in the news for criticism for labor practices (The Cro)? But at the same time they are no longer one of the top in the financial rankings (213 in 2013) was their social responsibility the reason for it? It is partially to blame (The Cro). There are people I personally know that refuse to still buy their products because of the past reports about how they treated employees abroad.
General Mills is another company on this list that has been rumored to sell products with unlabeled genetically modified ingredients, but still come in as the 33rd most socially responsible corporation (The Cro). General Mills has never been a financial power house but still surprised to see they ranked almost 400 in the list (The Cro). This makes me think that they definitely could be affected financially from some decisions that had been made.
Something that does not surprise me is not seeing Wal-Mart on the list. They are a top 10 corporation financially but are probably one of a few companies that do not care how socially responsible they are. There are still protests at some locations regarding how low the wages are at Wal-Mart. They did start in 2006 trying to decrease its energy consumption, reduce its waste and expand its recycling efforts, with how many different efforts there are too go after Wal-Mart it is impressive that they remain one of the top corporations financially (Mattera, 2006). Not enough people boycott them to create a dent in what it would take to probably get them to change their ways, but maybe someday it will affect them.
A issue that is coming up more recently now that electronic companies are having to become more aware of and having to change or modify their approach soon to become more socially responsible about a growing problem of e-waste. Are the manufacturers of these products to assist in resolving the issue? Since most technology is still being outdated every two years it is creating more and more waste. Electronic components can be hazardous cause of containing higher levels of lead, mercury, cadmium and even arsenic that require specific disposal from third parties (Justmeans, 2011). Some retailers have started to try to assist with it with recycling programs that definitely make them look better, but the manufacturers are still ignoring it. Two of the top ten of the socially responsible corporations are electronic companies AT&T and Intel who both contribute to this issue (The Cro). They can be environmentally conscious when making it but afterwards shouldn’t they care where it goes?
It is not affecting all companies yet. Does it affect them a little yes, e-waste is not as critical of an issue as it should be so it is not affecting the manufacturers as much as it should. It seems that the blame is being deflected to the retailers that sell the products that are their responsibility. Where do we go from here? We have to look at what we...