Nike and its Approach to Corporate Responsibility Essay - 1

Nike and its Approach to Corporate Responsibility - Essay Example The organization established new approaches to the corporate responsibility in order to influence environmental and social change. The organization is made up of several small business units, regions, functions, centers. It is true that global business scenario is changing constantly due to frequent change in external environmental factors and market demand. Corporate responsibility helps an organization to adopt health business and corporate model that ensures potential competitive advantages for the company. The essay will discuss a conceptual framework that will explain the approach of Nike, Inc. to corporate responsibility. Â  Nike is one of the popular apparel and footwear manufacturing and distributing organization around the globe. In the year 2004, the organization began a large scale and intensive review of its developed and implemented strategies. The management of the organization tries to take unique and new approaches to corporate responsibility in order to ensure future business growth. The organization understood that demand for sustainable business practices can help an organization to run a smooth business across the world (Rendtorff, 2009, p.50). They tried to understand future social and environmental trends before expanding their business in several emerging global areas. The social and environmental trend cannot be similar in all the countries. Therefore, they tried to implement an effective review process to achieve potential competitive business opportunity. Â  In the year 2004, Nike, Inc understood that no single corporation can attain systematic change alone. Collaboration, partnership, and open source approaches can lead to providing an organization sustainable market-based solutions to the challenges that can easily generate system change.

Golden Age of Capitalism Essay Example | Topics and Well Written Essays - 750 words

Golden Age of Capitalism - Essay Example This was a time when commerce was being revolutionized with the emergence of new technologies in transport and communication which facilitated the international markets. Railroads and steamships were used for land transportation of goods. This gave birth to the international market with goods being transported between countries such as America and England. The development of international commerce in manufactures on such a scale was only possible because of an increase in international flows of capital and the international provision of financial services (Milward 22). This was evident in post world war II economy of Europe. By 1950 more a great percentage of the income of foreign nations such Denmark was from foreign trade with other nations. The exchange rate between national currencies was stable despite the intensity among warring nations that was building up. As a result nations were able to prosper and grow economically and promote interdependence. The standard of living for ma ny citizens was at the time much better and continued to improve with the increase in the national income per capita as a result of economic success. Over the period 1950-70, the rate of growth of output in the construction sector was between 4 and 7 per cent a year over Western Europe as whole, and thus somewhat higher than the rate of growth of total output (Milward 52). This added to the success and economic dependence of nations after World War II. Thus different sectors of different nations that specialized in a trade to facilitate growth, rose considerably. The trade deficit with the dollar zone increased threefold between 1951 and 1957 (Milward 182). This increased output and western Europe had a surplus that was unprecedented. Help extended to the citizens of a nation post war was crucial in establishing the state as a means for the people to better themselves. The sweeping reform of the German pensions systems in 1955-7 , a bid by the Christian Democratic Union for a long-term middle class electoral support, had little in common, for example with the extension of public welfare in Sweden or Norway except an adherence to the view that the stability of the state required a positive response to the demand for welfare (Milward 47). This was important in conveying to the public that in accordance with the welfare policies in place, they too were to contribute to the growth of the economy in the countries mentioned. In my persp ective, this was a time of great trials and tribulations, those getting richer were foreign investors, bankers and merchants. Governments dealt a hand, and immersed their economies in the growing world market. This period thus gave rise to a flurry of new job opportunities in transportation and communication. The post-war reconstruction of nations aided by technological advancements was meant to rebuild the economy, promote industrialization and modernization. As a result of the success achieved in this endeavor, it was necessary for the governments to maintain it for purposes of achieving economic dependence. Political stability of this age put participating countries in the forefront of international trade, investments, travel and migration which increased more than any other period. It is incredible how nations were able to experience a period that was high in economic growth as a result of transportation and communication advancements. This period was unique and cannot at this time be