Mmm17 Essay Example | Topics and Well Written Essays - 1500 words

Mmm17 - Essay Example In today’s world it has become imperative for organizations to disclose information that support and complement their responsible business claims. An organization that fails to voluntarily disclose its sustainability practices is bound to suffer the consequences as in this age, the stakeholders give immense value to the ethical aspects of the business and what measures an organization takes to give back to its people and the community it operates in. a successful business not only indulges in ethical practices that safeguard the rights of the people and protect the environment, but also makes an effort to relate the information regarding the purpose of each such step taken. Feedback is welcomed and acknowledged to increase a business’s worth in the minds of the stakeholders and the consumers. The changing market dynamics in order to increase business transparency has given birth to many concepts like corporate social responsibility, green marketing, employee rights etc. Corporate social responsibility refers to an organizations voluntary actions to give back to the society it operates in. in this way, businesses ensure that every member of their value chain benefits equally from the business as they are the ones who contribute to the end profit (Jamali & Mirshak, 2007). For example, any organizations involved in dairy products ensure that the farmers are incentivized adequately, the cattle are provided with hygienic conditions and the purification centers follow strict quality standards. Businesses also tend to build the rural areas in order to increase the opportunities for the farmers to generate more crop yield, breed more animals etc. by building schools and health centers in the rural areas the farmers are able to provide their children with better education and health and believe that the business they work with cares for their well-being as well.