Saturday, January 29, 2011

Besides Making Money........


Corporate social responsibility has a broad definition, which, according to our text book, includes human rights, environment and employments etc. however, nobody would deny that it relates to charity. As a retail company, Target is one of the most generous companies in US, even globally. Target gives on average over $150 million per year. Its own corporate bylaw state it must give 5% of its pre-tax profits to charity. For its generous, Target ranked 11th in Fortune Magazine’s “Top 20 Most Admired Companies” for 2007. Although Target’s mission statement is only about providing better products and serves to its consumer, Target’s action shows its strong corporate social responsibility of society.

Best Buy is also another big company which is being very generous of charity. It donates about 1% of its pre-tax profit to different charities and has a goal of eventually reaching about 5%. Although it does not have an official mission statement, its website says that its goal is to “solve the unmet needs of our customers—and we rely on our employees to solve those puzzles.” It does not only donate to charities, but also think much of its own employees.

A good company should not only be able to serve its consumers with heart, but should also be responsible towards its employees and society. Meanwhile, consumers can also do something to help. If consumers choose to shop more at those companies, then we can both help this world become a better place to be.

1 comment:

  1. Does Target treat its workers well? I know Wal-Mart had several investigations about the workers' treatment

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