Question

Please write up a paper about a company called Hugo Boss including the materials below.

1) How do the CSR initiatives align with Company Mission, Core Values, Strategy?

2) What internal structures support Sustainability initiatives?

3) Assessment of internal culture, ability to innovate in general and innovate in sustainability specifically.

4) Likelihood of collaboration with external partners, examining existing partnerships and recommendations for further collaboration (regarding sustainability and social/environmental impact)

5) Financial implications of CSR activity/non-activity

6) Additionally, you should focus on one major material issue and describe how the company has performed from both a strategic and stakeholder perspective.

Answer 1

1)

CSR initiative in an organization is basically concerned with how efficiently one can bring in line the consumer and employee moral and ethical values along with business principles and policies in order to create long-term benefits. In fact it’s an enhanced indulgence and perception of defining specifically with whom, why and how an enterprise generates its revenues.

However CSR needs more holistic planned thoughts and a broader stakeholder perception because it’s indeed vital for management to accordingly frame its business policies and approach to make their CSR values and visions a reality which can indeed facilitate the administrators to perform based upon ethics and metrics that can be premeditated to support the long-term organizational goals.

2)

Existing internal structures offers a commanding persuasion as they facilitate to determine on how the sustainability program can function effectively and efficiently. . For instance a sustainability program functioning in an enterprise that puts a lot of importance on quarterly performance may not have an opportunity to follow long-term investment prospects.

Thus a sustainability program functioning in an enterprise that gives importance to long-term policy and approach would have an opportunity to follow both long and short-term proposals. Thus internal factors such as governance, customs, management, strategy, information systems etc. play a crucial role in organization sustainability program.

3)

Culture evaluation and consideration of innovation sustainability indeed facilitates to reinstate and establish coalition and productivity by developing a conscious and crucial discussion among business administrators and workers in re-aligning its approach and techniques towards business operations by adopting the needed alterations.

It also helps workers to develop a sense of care from management which indeed is considered to be very significant and indeed acts as a driving force towards enhancing the performance at the desired level thus overall there is an excellent alliance of business policy, administration and culture.

4)

Corporate sustainability in general is mainly considered as two-way process where organizations are expected to attain and maintain a sustainable growth by developing and boosting the elements connected with sustainability such as revenue, employees and stakeholders.

Thus the perception stresses on the matter of fact that organizations must not only follow shareholders interest but should also be concerned about all other business stakeholders?for instance consumers, dealers, workers, government, society etc. because even though these concerned interests differs from each other but are very much interconnected with each other thus it needs a cohesive group effort to manage and optimize the concerned business functions which is definitely considered very crucial and significant.

5)

A crucial concern in corporate governance and administration is about the influence of CSR on business financial performance. Thus from the conservative point view CSR is considered to be expensive because social responsibility invites additional expenditures which indeed can weaken revenue and guide to competitive disadvantage.

However many business administrator tends to consider that indeed it’s significant to be a good corporate civilian even when doing so is at the cost of shareholders. Furthermore in fact shareholders should also be ethical and should also aim for CSR accomplishment even if it means at the expense of reduced financial performance

6)

Business capability to administer corporate environmental performance is now a day’s indulging into as a strategic concern for organizations. Thus decision pertaining to environmental issues in fact needs an unambiguous method and attitude where it should aim to involve various stakeholders, integrate multi-disciplinary facts and information’s and assimilate criterion concerning trade-offs in order to deal with diverse view points and varied factors.

Thus enhancing consciousness pertaining to environmental issues caused by economic activity has in fact created a greater political and social demand on organizations to lessen their environmental impact. Business administrators are now a day’s indeed faced with environmental issues which in fact pertain towards protecting their environmental values but however it can also have a direct impact on ensuring sustainable economic growth.