Coca Cola s Struggle With Corporate Social Responsibility...

Coca-Cola’s struggle with corporate social responsibility Name Institution Corporate social responsibility is a term that is usually associated with a company putting in place structures that aim to give back or benefit the society that enables them to do their operations in their environment. As far back as 1991 CSR has been discussed by academicians extensively one of them Mr. Carroll came up with a multi-layered pyramid approach that sought to explain the four key areas of CSR which are : economic responsibilities, legal responsibilities, ethical responsibilities and philanthropic responsibilities. The economic responsibilities are broadest and form the base of the pyramid since economic considerations are the most important reason for a company’s existence. These are followed by legal obligations since a company must follow the laws of the country or jurisdiction within which it is located. Ethics on the other hand are voluntary in that they are not legally enforceable on a company but any good company is expected to follow them. Finally every company is expected to give back to the society by philanthropic acts that enhance the quality of life of the society within which the company operates. The main historical aim of a company is to create wealth to its stakeholders. This is usually accomplished by doing the following. ïÆ'Ëœ Making a profit ïÆ'Ëœ Paying taxes to the government ïÆ'Ëœ Paying creditors and shareholders on time for the capital invested. ïÆ'Ëœ PayingShow MoreRelatedCoca Cola Struggles with Ethics1207 Words   |  5 Pages Case Study 4 - The Coca-Cola Company Struggles with Ethical Crises Case #11 January 5, 2014 1) The corporate role in any company builds the foundation of how a company succeeds and, also, how the public views them. Their organizational performance is based on how the company is run and what ethical structure they have in place. Their social responsibility runs parallel with their organizational performance. If a company is not successful within themselves they cannot be successful withinRead MoreCoca Cola And Its Social Responsibility1093 Words   |  5 PagesFrom the late 1800s until today, the Coca-Cola’s brand has evolved into a top contender in the beverage industry, which ignited the â€Å"cola wars† with the company’s top competition PepsiCo. with Coca-Cola controlling 45 percent of the global soft drink market; Coca-Cola’s most famous brands include: Coke, Diet Coke, Sprite, Powerade, Dasani water and Fanta with Coke, Diet Coke, Sprite and Fanta being four of the top five leading soft drinks. At the peak of Coca-Cola’s reign, a n estimated $1 billionRead MoreCoca Col Transparency, The Formation Of Sustainability Indices1350 Words   |  6 PagesCoca-Cola CSR Accountability Due to the vastly growing demand for organizational transparency, the formation of sustainability indices has assisted prospective investors by serving as educational tools and allowing them to confidently engage with companies who create a positive social and environmental impact. These indices, such as the Dow Jones Sustainability Index (DJSI), evaluate and measure some of the world’s most profitable companies’ based on criteria such as economic, social, and environmentalRead MoreCoca-Cola Comany Ethical Crisis2814 Words   |  12 PagesThe Coca-Cola Company is one of the most well known companies in the U.S. and quite possible the world since its origination in the late 1800’s. Coca-Cola’s rapid expansion and innovation have provided ample evidence that the company is here to stay. However, after the death of the companies CEO, Robert Goizueta, the company has faced multiple ethical dilemmas. These problems have had a direct negative impact on Coca-C ola’s financial expansion, corporate culture, business relations, as well as theirRead MoreCoca Cola and Pepsi Cola Case Study1961 Words   |  8 Pagesand exercise power† (Sanyal 2008), power struggle among the frequently changed political parties through legislations was very common. The resulted in the federal republic’s â€Å"inconsistency in implementation of government rules’ (Catero 2009) due to its complicated legal system. With the strong pressure from the independent non-government groups, both companies faced high political and economic risks (â€Å"domestication†, Kerala temporaral ban, India’s foreign colas boycott and pesticide allengations). Read MoreCoca Col Strategic Expansion Of Businesses2291 Words   |  10 Pages UNGC Coca-Cola Stephany Kim shstephk@gmail.com N/A N/A UNGC: Strategic Expansion of Businesses Country’s Relationship/History to the Topic: In 1886, Dr. John S. Pemberton and his partner Frank M. Robinson created a distinctive tasting soft drink that shortly became known as â€Å"Coca-Cola.† The new beverage quickly spread throughout Atlanta, Georgia, under the leadership of businessman Asa G. Chandler (â€Å"Coca-Cola History†). At the turn of the century, Coca-Cola started expanding throughout the countryRead MoreCoca Cola Organization2996 Words   |  12 PagesThe Coca Cola Company, founded in 1886 in Atlanta, the United States, is the world’s largest nonalcoholic beverage company. Coca Cola currently owns and markets more than 500 beverage brands (Anonymous, 2010), including waters, sports and energy drinks, juices, tea and coffee, which are distributed in over 200 countries throughout the world. Along with Coca Cola, the company also owns Sprite, Fanta and Diet Coke, which are four of the world’s top five nonalcoholic beverage brands (Anonymous, 2010)Read MoreCase Studies of Business Eth ics Corporate Governance3354 Words   |  14 PagesAn Assignment of Business Ethics amp; Corporate Governance CASE STUDIES Module I BHOPAL GAS TRAGEDY December 3, 2009, marked the 25th anniversary of the worlds worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltds (UCIL) pesticide plant in Bhopal (Madhya Pradesh, India). The tragedy that instantly killed more than 3,000 people and left thousands injured and affected for life, occurred when water entered Methyl Isocyanate (MIC) storage tank No. 610Read MoreCoca Cola Organizational Theory Essay19602 Words   |  79 Pagessubsequent paper contains a comprehensive analysis of The Coca-Cola Company and addresses several organizational theory issues. Three recommendations are proposed based on the problems that were discovered during the analysis. The goals of the recommendations are to address uncertainty with suppliers and distributors, and also align company decision-making with the structure of the organization. Recommendations Recommendation 1 The Coca-Cola Company has a high level of uncertainty when it comesRead MoreCoca Cola Structure7094 Words   |  29 PagesIntroduction 3 Coca cola’s Global coverage. 3 History 4 Revenues 4 Products and Brands 6 Mission, Vision and Values 8 Organizations and Organizational Effectiveness 10 Stakeholders, Managers, and Ethics 12 Organizational Design 14 Designing Organizational Structure: Authority Control 15 Designing Organizational Structure: Specialization Coordination 17 Managing in a Changing Global Environment 18 Organizational Design Strategy 20 Creating Managing Organizational