Corporate Social Responsibility Marks Spencer

Corporate social responsibility, also known as CSR, is one of the most important topics in the corporate world. If a company is not public about its CSR mission or report, it could make consumers think that they do not care about them, their community or their environment. If a company does not demonstrate that have a positive view on CSR, then they could end up losing profitability because consumers will not want to support them, which could cause the company to close. These closings could be caused by multiple things, including competition from other companies that show they have strong understanding of corporate social responsibility. Marks Spencer, also known as MS, was established in 1884 as a local store in the UK. â€Å"As it grew, staying close to the community was important to its founders and by the 1930s the name Marks Spencer was synonymous with trust, quality, and significantly as an employer who looked after its employees, going beyond the minimum standards for w ages, benefits and care† (Richardson, 2015). For years, Marks Spencer were known for taking care of their employees, customers, and community but as times changed in the world, corporate America changed along with it. â€Å"There comes a time when other competitors copy and look for advantage, and this was the case for MS as other UK retailers assumed the leadership of the sector it once regarded as its own natural territory† (Richardson, 2015). It became increasingly important for MS to doShow MoreRelatedEvaluate the Relative Importance of Corporate Social Responsibility Relative to Other Corporate Objective947 Words   |  4 Pagesimportance of corporate social responsibility relative to other corporate objective† (40 Marks) Corporate social responsibility (CSR) is a firm’s decision to accept responsibility for its social, environmental and ethical actions. A firm’s decisions whether to adopt and rank importance to CSR should be due to a variety of reasons, like the financial stability of the company aswell as the culture of the organisation. But one definitive factor would be a firm’s corporate objectives, corporate objectivesRead MoreMarks And Spencer Organisational Structure1298 Words   |  6 PagesOrganisational Structure and Management †¢ Marketing †¢ Human Resource Management †¢ Operations †¢ Sustainability and Social Responsibility †¢ Impact on the Retailer by current changes in the retail sector †¢ Conclusion Introduction This report will demonstrate, apply and evaluate knowledge and understanding of key managerial disciplines of the chosen high street retailer, Marks and Spencer, in different real-world global contexts. According to the report by Deloitte, the retail industry is undergoingRead MoreKey Term Stakeholdres Essay1254 Words   |  6 Pagesreasons why stakeholders always have interest in business financial statement will be carried out. In the second part, it will give several definitions about corporate governance, and then gives some example of the conflicts between shareholders. 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It is a major British Multinational retailer. It produces clothing, home products and food items. The market share of Marks Spencer is 10.4% in 2015 and over the years it has decreasedRead MoreAn Report On Ethical Consumerism1925 Words   |  8 Pagescustomers performance. First it provides four types of Ethical buying: positive buying, negative purchasing, and company based purchasing and fully screened approach. It then takes a look at the position of Marks and Spencer as a company on how they act ethically, and their social responsibility initiatives based on its core values. Overall this report will be based on the impact of organic, fair trade, environmental impact and stewardship council when buying things. â€Æ' Ethical Consumerism EthicalRead MoreGreen Supply Chain Management3556 Words   |  15 Pages................................................................................................. 3 2. Globalization and Greening the Supply Chain: ....................................................................................... 3 3. Marks and Spencer ................................................................................................................................. 4 3.1 Background ..............................................................................................Read MoreThe Impact Of Corporate Governance On The Uk1865 Words   |  8 Pagesto performance measurement. However, the Walker Review (2009) classifies that the role of the corporate governance as protection of shareholders’ interests by providing the company’s strategic conduct and overseeing capable managers to achieve it. Robert E. Wright (2014) argued that the corporate governance in the late 19th and early 20th century, were run like ‘republics’ with many checks and balances against fraud and seizing power of managers or large shareholders. Governance goes back as thereRead MoreMarks Spencer: Competitive Advanteges and Future Stragegies2469 Words   |  10 PagesStrategy Management MARKS SPENCER: COMPETITIVE ADVANTEGES AND FUTURE STRAGEGIES 1 TABLE OF CONTECTS 1. EXECUTIVE SUMMARY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 2. INTRODUCTION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 3. DISCUSSION, ANALYSIS AND FINDINGS†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...3 4. CONCLUSION†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.6 5. BIBLIOGRAPHY†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....8 2 1. EXECUTIVE SUMMARY This report will outline Marks and Spencer’s current capabilities by examining the group’s internal environment and competitive