Does Nike have social responsibility?
BEAVERTON, OR (9 November, 2006) – Nike’s commitment to industry-leading transparency in its social responsibility reporting has led to the company being named the top U.S. company and one of the world’s top 10 in the current SustainAbility Global Reporters Program ranking released today.
What is a corporate social responsibility plan?
The term corporate social responsibility (CSR) refers to practices and policies undertaken by corporations that are intended to have a positive influence on the world. The key idea behind CSR is for corporations to pursue other pro-social objectives, in addition to maximizing profits.
What is Nike corporate level strategy?
Differentiation Strategy Nike incorporates a business level strategy that most resembles a differentiation strategy. Through product innovation, technology development, and high quality products, they are able to differentiate themselves from competitors and build their brand image.
Why is CSR important to Nike?
Nike is focusing corporate responsibility efforts in the areas in which they can have the greatest impact and create the most value: Through the materials they design into products, through the process of making those materials and products, and in the world of sport where products are used.
How does the government affect Nike?
Political factors The US government helps Nike to develop its products and business by offering them low interest capital and good global tax agreement. The US tax laws and several overseas authorities affect Nike. Different political battles can make customs procedures tough and hinder exports and imports.
What is Nike’s corporate responsibility?
How can Nike improve their CSR?
Improving the supply chain: Focus on water In addition to continuing to work on improving conditions for workers, Nike is innovating its materials development and management to address the impact of climate change on the supply chain and reduce its environmental impact. One area of concentration is water conservation.
What are the social responsibilities of Nike?
In its approach to social responsibility, Nike groups initiatives into six separate categories: reducing waste, cutting energy, slashing water use, rejecting toxins, supporting communities, and empowering workers.1 Each of these initiatives carries three types of goals: an aim, a target, and commitments.
How is Nike socially responsible?
NIKE can ensure that it is socially responsible and comes to par with consumer expectations by reevaluating the factories where its products are manufactured by the third world countries and ensuring that steps are taken to minimize the risk to workers in these places.
Is Nike socially responsible?
Since Nike has to be socially responsible when it comes to making products or goods for public, it is their responsibility that the workers who produce their products are being treated the best way. Nike can and have the ability to influence their subcontractors in order to ensure fairness and pay.
What is sustainability Nike?
Product Stewardship based on Environmental Innovations. Environmental sustainability principles frame Nike’s business model and its determination to limit the use of natural resources. In fact for Nike, sustainability is an “opportunity for innovation.” Eco-friendly materials, products and process innovation strategies are being deployed.
