2019 Fall Business & Society: Make-Up Report

Instructions:
 Answer all questions.
 Length is 3-10 pages with current setting (leave the questions as they are).
 Make citations where necessary, and list references at the end of th
( f o l l o w t h e A PA s t y l e a s m u c h a s p o s s i b l e ) .

Yo u r N a m e : C a r o l i n a R a m í r e z A r c e
Yo u r S t u d e n t I D # : 1 9 b n 9 7 7 b

Q u e s t i o n 1 ( R e q u i re d : 3 0 p t s )
(1) D e f i n e t h e c o n c e p t s o f C o r p o r a t e P h i l a n t h r o p y , C S R , a n d C S V. T h e n , d e s c r i
t h e d i ff e r e n c e s b e t w e e n t h e t h r e e . ( 1 5 p o i n t s )
(2) H o w d o y o u t h i n k a b o u t e a c h c o n c e p t i n d o i n g b u s i n e s s w h e n i t i s a i m i n
achieving SDGs? Define what is SDGs, and explain for all the three. (20 points)
* N O T E * Yo u m a y r e f e r t o t h e f a c t s a n d / o r c a s e s ( a s n e c e s s a r y ) t o s h o w e x a m p l e ( s ) .

C o r p o r a t e p h i l a n t h r o p y i s t h e a c t o f dt o naa tci hn ag r i t y o r a f o u n d a t i o n w h o s e
mission is to fight a cause and deliver social impact (Optimy, 2017)
p h i l a n t h r o p y c o m e s f r o m t h e a n c i e n t G r e e c e a n d m e a n s t o l o v
(Lexico.com, 2019). In the past, when thinking about these practices, people would
r e l a t e t h e m w i t h m i l l i o n a i r e s d o i n g b i g d o n a t i o n s t o c h a r i t i e s ( O p t o m y, 2 0 1 7 ) . T h e
c o n c e p t b e h i n d p h i l a n t h r o p y i n v o l v e s m a k i n g a n e f f o r t t o d r
(L a z z a r i, 2 0 1 8 ). Ho w e v e r, o v e r t im e , t h is c o n c e p t h a s c h a n g e a n d m a n y c o m p a n i e s
have embraced it.

It does not only can be in as a financial contribution, but it can also include time
and resources (Lazzari, 2018). Corporate philanthropy is an activity that
h a v e a p o s i t i v e i m p a c t o n t h e o r g a n i z a t i o n ’ s b r a n d
d i ff e r e n t i a t i o n p P o i n tn. hii l ann t h rj o p y a d ot w a d a ycs s o
b u t a l s o n e e d s t o s h o w c a s e th e c o m p a n y ’s o w n i d e n t it y a n d m i s s i o n s fo r it to
e ff e c t i v e a n d h a v e a g o o d r e c e p t i o n ( O p t y m e , 2 0 1 7 ) .

On the other hand, corporate social responsibility is directly invol

c o r p o r a t i o n ’s b u s i n e s s m o d e l a n d i t s b u s i n e s s p r a c t i c e s ( L a z z a r i , 2 0 1 8 ) . I t i s a s e l f -
regulating b m u s i nte s s h a c odel b s hat a elps t i o m pi a n y
s t a k e h o l d e r s , a n d t h e p u b l i c ( C h e n , 2 0 1 9 ) . B y p r a c t i c i n
c o n s c i o u s o f t h e k i n d o f i m p a c t t h e y a r e h a v i n g o n a l l a s p e c t s o f s o c i e t y, i n c l u d i n g
economic, social, and environmental (Chen, 2019).

As the use of corporate responsibility becomes more popular and comm

becoming extremely important for companies to have a socially consciou
(Schooley, 2019). At the moment of choosing a brand or a company, cons
e m p l o y e e s a n d s t a k e h o l d e r s a r e b e g i n n i n g t o p r i o r i t i z e C S R ( S c h o o l e y, 2 0 1 9 ) .

CSV stands for creating shared value, which is about creating new pol
operating procedures that allow your company to maximize its revenues, but a
o ff e r b e n e f i t s t o t h e l o c a l c o m m u n i t y ( G a t l e y, 2 0 1 6 ) . I t w a s f i r s t m e n t i o n e d i n a n
article published in 2011 in the Harvard Business Review by Michael Porte
M a r k K r a m e s ( G a t l e y, 2 0 1 6 ) .

Wi t h t h e h el p o f N G O s, g o v e r n m e n t s , an d o t h er st ak eh o l d er s , n o w b u s i n e s s h a s t h e
p o w e r o f s c a l e t o c r e a t e r e a l c h a n g e o
( S h a r e d v a l u e . o r g , 2 0 1 9 ) . C S V i s a w a y t o g r o
companies, and communities in the long-term interest of businesses and everyo
else (Epstein-Reeves, 2012).

Philanthropy is a simply a way to reinvest wealth in a cause while, if a corporation

does n p ot a ri t i cpi p a t e i w n l h i l ann t h ar o p y, t w t c t ill ikely
i s v i e w e d ( L a z z a r i , 2 0 1 8 ) . H o w e v e r, i f a c o m p a n y f a i l s t o i m p l e m e n t C S R , i t w o u l d
have a negative reputation (Lazzari, 2018). The CSR programs are hands-
ultimately d etm o n ts t r a ct e c h aat t he i o rcp o r a t i o na a r ares
of its business model (Lazzari, 2018).

Howe ver, w hil e phi lant hropy and C SR usual ly ai m at “gi vi ng back” or mi nimi zi ng
t h e h a r m t h e b u s i n e s s h a s o n s o c i e t y, a c o m p a n y t h a t p r a c t i
m a x i m i z i n g t h e c o m p e t i t i v e v a l u e o f s o l v i n g so c i a l p r o b l e m s (
2019). CSV is all about maximizing profit and still putting business opportunities
and growth at the front and center of the picture, while CSR looks at the business
i m p a c t o n t h e l o c a l c o m m u n i t y a n d e n v i r o n m e n t ( G a t l e y, 2 0 1 6 ) .

Q u e s t i o n 2 ( R e q u i re d : 3 0 p t s )
( 1 ) I n t h e c l o t h i n g i n d u s t r y, b o t h t h e c o m p a n i e s a n d c o n s u m e r s n e e d t o a c t e t h i c a l l y
to r e d u cwe r a s tC
e, e educe I y O 2o mwi s s i o n ,s ( tc. n o
or consumer) should change the attitude and behavior first? Why do you think
so? (15 points)
(2) In your opinion, what is needed for the consumers to make ethical consumption?
Why do you think so? (20 points)
It is important for both the companies and consumers to start acting ethical
order to reduce waste and CO2 emission. However, I believe that the
should be taken by companies. Many consumers can change the way the consume,
however if big corporations keep doing bad practices that damage the planet,
small s g and o t cr a i n df n hhe g o n s ui m e r B c o b ot h ave reat
more power than consumers, and it is time for them to realize that by doing f
fashion, they are damaging the planet and that this business model would no
sustainable in the future.

For consumers to make an ethical consumption they need to be aware of the whole
p r o d u c t i o n p r o c e s s o f a p r o d u c t . F r o m t h e c r e a t i o n t
distributors i n t b t a w eeds e oc eF i hole i d nt h i cm
al i a hain.
product is made with recyclable clothes if the employees making the product
underpaid and have bad working conditions. The product would not be still ethical.
All the stakeholders of said products should not have bad benefits from it.

Q u e s t i o n 3 ( re q u i re d : 3 0 p t s )
SDGs is targeted to be achieved by 2030, however, if we continue th
p r o d u c e a n d c o n s u m e a s w e d o n o w, n o t a l l o f t h e 1 7 g o a l s a n d 1 6 9 t a r g e t s w i l l b e
achieved. Choose one of the SDGs goals you wish to focus and explain your ideas
and/or opinions on how the businesses can/should help achieve the goal you chose.
When explaining, include following points:
 SDGs goal you chose, and the reason why you chose
 What is the current status of the goal
 Yo u r i ad e a s o n d / oor h t p ibn i o n s c n ho w a he t usinesses
goal

Gender equality is the SDG I believe is important to achieve by 2030. Nowada

people believe is a problem already solved as women now have the same rights as
m e n , b e in g a b l e to a c c e s s e d u c a t io n , t o v o t e , to wo r k , e t c . Ho we v e r, t h e p ro b l e m i s
f a r t o b e s o l v e d , g e n d e r i n e q u a l i t y s t i l l s v e r y h i g h , e s p e c i a l
M o r e o v e r, e t vw
en h h o u tg h s r o m ean m i ma v e c he t ame ights
are some others where this is not the case, for instance, Saudi Arab
country women cannot drive without a man next to them.

At the moment, according to the 2019 Sustainable Development Goals Index and
Dashboards Report, 11 EU Member States have a score of more than 80 out of 100
f o r Su s t a i n a b l e D e v e l o p m e n t G o a l 5 o n g e n d e r e q u a l i t y . S w e d e n , F i n l a n d a n d F r a n c e
are in the lead, scoring above 87 and ranking respectively 2 nd, 3rd and 5th
worldwide (European Commission, 2019). However, the reality is that even in the
EU, where unequivocal gender equality is secured by law, equality between women
and men is still not a tangible reality for too many (European Commission, 2019).

There a s r em it i l l r any t g s s uge s i e elated h ow e n d ear aps

payment ( ECu r o p e a n 2 To m ml i s s i o nm, p 0 1 9 )o. w ih e abor
the EU remains about 11.5 pp. lower than that of men, and women’s p
average 1 % l 6( eCs s E u r o p2e a n A t m o m m i sos i o n ,6 % o C 019).
positions i m pn a jl o r c u b l i c l yi t E ai s t ehd b w o m p a n( i e s n he
Commission, 2019).

Businesses c h t aa n t e l pm o b cm
hieve c mh e b d i s s i o nF, ut
organization changes, where business should focus on hiring mor
females employees as well as promoting the already qualified women that work in
the firm. In order to allow qualified mother to have a more active
b u s i n e s s w o r l d , i t i s i m p o r t a n t f o r c o m p a n y t o i n
opportunities for a better work-life balance, for instance, access to childcare
option for flexible schedules.

Furthermore, also cultural changes need to be made, a culture has to be created in

the company that makes employees feel accepted. It is important to create a work
e n v i r o n m e n t w h e r e t h e r e i s n o s e x u a l h a r a s s m e n t o r w h e r
microaggressions.

But most importantly the pay gap should be removed. Pay should not be based on
gender but on the job role a person plays in the company. Moreover,
involving r e m au n e rpa t i o n s b i nd ta y em e n t p h io u lod e nfo
to avoid misunderstandings.

End