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Introduction
Background of the Company:
Parsons Company is a well-recognized firm in the engineering industry within the US that
provides the solution to complex engineering problems. Through glancing over the history, it can
be found that the journey of the company was started in the year 1944 when it was founded by
Ralph M. Parson. That was the epoch of Second World War, and some major economic powers
had been destroyed in term of their infrastructure severely. This firm was opened with the
intentions to provide the infrastructure base solutions in all over the US. After that, the company
enhanced its contribution in various other departments. It facilitated in some major federal
project. It has played its role in developing transportation, water resources, and assisted in
various other commercial projects. (McNamee, G.P., 1978).
The company has been focusing on the core values such as the diversity, security, innovation,
integrity, and sustainability. Throughout the stay of seven-decade in the global market, the
company escalated its capability and economic resources. According to the CEO of the
company, the ‘can do’ approach of the company has been working splendiferously for attaining
the long-term strategic objectives of the company. Regardless of technical and logistic
challenges, Parson hardly hesitated to accept the new challenges. The company initiated its
journey with the Canol-Pipeline project. In this project, the company established a splendiferous
1200 mile underground pipeline system to ensure the availability of energy fuel in US and
Canada. (McNamee, G.P., 1978).
In the year 1955, the company played a remarkable role in discovering sulfur from the South
Paris. Currently, it has become the largest plant in the world for exacting sulfur. According to the
statistics, company exact 4000 tons of sulfur every day. In the same decade, the company
initiated its first airport construction project. The Dhahran Airport was constructed in the Saudi
Arabia near the Persian Gulf by Parsons. With all of its mesmerizing beauty, this airport depicts
the splendiferous image of the capabilities of the company. However, it is also indicating the
Parsons’ inclination in making innovative attempts. (Report on Contract no. Z-434)
The Parsons Company also constructed DC Metro in the Washington DC. That was 103-mile
rapid transit rail and considered as one of the major projects of in the US history. Although the
company has been involved in many construction projects, this was quite special, and this
paved the path for substantial growth of the business. Parsons got seven rewards for its
outstanding work in the DC metro project. The intentions of the company are quite clear as it
wants to be the best engineering firm in the current epoch. Currently, Charles L. Harrington is
working as the CEO of the company, and George L. Ball is working as a CFO.
By and large, it can be said that the company has gone through different evolutionary stages. It
started its working as an engineering firm to offer the engineering base solution. But just after its
formation, it realized its potential to become the top company in the US. That’s why it expanded
its arms without any hesitation and welcomed new business opportunities. (Parsons – Engineering)
Objectives:
After glancing through the history of Parsons Engineering Company, it will become easy to
understand the different phases to which the company has gone through. The purpose of this
piece is to understand the role of corporate’s balanced ‘triple bottom line’ sustainability in the
growth and development of the business. Therein the piece, the sustainability of the Parsons
will be considered in all three major discipline of the business. The economic sustainability is
considered as the first demand for the long term business survival in the current competitive
epoch. Therein the piece, the relation between the Parsons economic sustainability and its
splendiferous growth will be considered.
After achieving the economic targets, the social sustainability is considered as the foremost
business objective. There are multiple factors working under the carpet to encourage an
organization for having the social sustainability. All of these factors would be evaluated through
considering the Parsons’ success story. Last but not the least, the environmental sustainability
is considered as the third business bottom line. After that, the imperativeness of corporate social
responsibility will be considered. It is very imperative for an organization to play its role in
establishing the strong relations with the people around.
Regardless of effective business strategies and strong financial position in the market a
business cannot survive in the competitive environment for a long time without performing its
ethical duties. Therein the piece, the inclination of Parsons in meeting the corporate social
responsibility will be discussed. It is very imperative to understand the role of CSR in meeting
the long-term strategic objectives of a business that is the reason the Parsons will assist in the
best way to find the causality. The Friedman’s model will be used for the critical evaluation.
Conclusion:
After considering historical achievements of Parsons and its contribution in meeting corporate
social responsibilities (CSR) it can be concluded that the corporate social responsibility is the
pillar of corporate responsibility. In the current competitive epoch, the organizations cannot
achieve sustainability until it meets corporate social responsibility in all three bottom lines of
corporate action. When a company makes a commitment to perform actions concerned with
CSR, then it got wonderful access to customers. It helps the company to make innovative
business attempts. By and large, it can be concluded that sustainability can only be ensured
through meeting the sociocultural, economic, and environmental responsibilities.
References:
Anon, Parsons – Engineering, Construction, Design, Project Management. Parsons – Engineering, Construction,
Design, Project Management. Available at: https://www.parsons.com/Pages/default.aspx [Accessed May 23, 2017].
Parsons, R.M. & McNamee, G.P., 1978. Process engineering evaluation of alternative coal liquefaction concepts:
and a supplemental report on the effect of purchased power and steam turbine drives on the solvent refined coal
process, Palo Alto, CA: Electric Power Research Institute.
Anon, 1964. North American Water and Power Alliance: Conceptual study, Los Angeles: Ralph M. Parsons Co.
Anon, 1926. The Optical Works of Sir Howard Grubb, Parsons and Company. Nature, 118(2966), pp.340–341.
Anon, 1964. Report to BARTD. Report on Contract no. Z-434 ... prepared for Parsons Brinckerhoff-Tudor-Bechtel,
General Engineering Consultants to the San Francisco Bay Area Rapid Transit District .., Oakland, CA.
Anon, 2009. Parsons Turbine Company Proposes Geared Oil Engine Drive. Journal of the American Society for
Naval Engineers, 36(1), pp.87–88.
Anon, 1957. The Ralph M. Parsons Company. Industrial & Engineering Chemistry, 49(5).
Zuppa, D., Olbina, S. & Issa, R., 2016. Perceptions of trust in the US construction industry. Engineering, Construction
and Architectural Management, 23(2), pp.211–236.
Anon, 2016. PARSONS ENGINEERING LIMITED - Free Company Check. Available at:
https://www.bing.com/cr?IG=BDA4603007174E7D975D5FC7424CC777&CID=3510193201796D6A067C13B9007F6
C77&rd=1&h=4AVwPVlTMQJ2y2F_XKyXM4icUIHuPI-
J9Ominm3Ssc0&v=1&r=https%3a%2f%2fwww.companieslist.co.uk%2f07126015-parsons-engineering-
limited&p=DevEx,5446.1 [Accessed May 23, 2017].
Parsons, R.M. & McNamee, G.P., 1978. Process engineering evaluation of alternative coal liquefaction concepts:
and a supplemental report on the effect of purchased power and steam turbine drives on the solvent refined coal
process, Palo Alto, CA: Electric Power Research Institute.
Anon, 1999. BAHRAIN: CONSTRUCTION PROJECT MANAGEMENT CONTRACT AWARD FOR PROPOSED
$5,000,000,000 REFINERY AND ASSOCIATED PETROCHEMICAL COMPLEX, PARSONS ENGINEERING CORP.
& HUTCHISON ENGINEERING CORP. [USA] - Order #: 0113499. WWP-Report on Engineering Construct & Plant
Operations in the Developing World. Available at: http://www.highbeam.com/doc/1G1-53505984.html?refid=easy_hf
[Accessed May 23, 2017].
Anon, 2015. United States : Parsons Wins Front-End Engineering Design for South Oil Company S Common
Seawater Supply Project in Iraq. Mena Report. Available at: http://www.highbeam.com/doc/1G1-
400386351.html?refid=easy_hf [Accessed May 23, 2017].