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OPER8010 Global Procurement Management I
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OPER8010 Global Procurement Management I
0 Download3 Pages / 667 Words
Course Code: OPER8010
University: Conestoga College
MyAssignmentHelp.com is not sponsored or endorsed by this college or university
Country: Canada
Question:
Research & identifythe published corporate social responsibility values of your chosen organization and identify the role you believe the purchasing team plays in each of those
Research & identify any known contradictions to those published values.
Does theorganizations overall vision and published mission statement correlate to the CSR values? Why or why
Answer:
Corporate social responsibility of Magna Company and the role of purchasing the team
Magna Company is an automobile industry that supplies automotive parts for vehicles and has a strong global reach. Therefore the corporate social responsibility of this company is only to meet their commitments and provide the best automotive parts for different companies in the world. One of the CSR values of this organization is to focus on concern and fairness for the people in the nation (A?an, Kuzey, Acar & Aç?kgöz, 2016). Following this value, the organization believes that in order to fulfill the CSR towards the customer it is necessary that they should manufacture the best automotive parts for the vehicles. Another value is that the firm belief that workers involved as stakeholders and partners can enhance the business growth of this firm. Therefore, they facilitate entrepreneurial spirit with the help of decentralized corporate structure so that they can encourage their employees for work and also being aware of the social impact. With the help of this strategy, the business has improved their position in the market from the past decades. In addition, their new strategy is to foster the cultural environment, and thereby it helps them to conduct business activities transparently in the respective market (Mason & Simmons, 2014).
The purchasing team mainly focus on the basic fabric of different culture and society, and therefore the Magna Company CSR values can provide a positive impact on their mind. In accordance with these values, the main role of the purchasing team is to identify the best products needed for their automotive parts, and thereby it helps them to manufacture the best products for the corresponding vehicles.
Contradictions on the CSR values
After researching it is seen that some contradictions arise on the CSR values of Magna company of which one is that the business faces some issues in producing automotive parts due to the generation of alternative fuels and technology in vehicles. In today’s environment technology are improving and it thereby incorporates in the vehicles through several techniques, and therefore it generates some issue in accordance with the values (Wang, Dou & Jia, 2016). Due to the changing technological means like the innovation of electric, fuel cell and the hybrid car it rises some problem to this automotive industry as they cannot fulfill their commitment towards other vehicles companies. In addition, CNG, LPG, bio-fuels, and methanol also causes the delay of production procedures and thereby it generate a negative impact on the company business procedure that enable them to fulfill their CSR values.
Correlation of vision and mission statement to CSR values
After reviewing the organization mission and vision statement, it is clear that these statements are quite related to the CSR values of the business. The mission statement of the company reflects that the firm mainly focuses on the consumer and therefore provide the best services or products for them. In addition, the vision statement demonstrates that maintaining an ethical relationship with employees and stakeholders can influence the business profit (Vitell, 2015). The main reason for the correlation is to maintain the overall strategy and this influence their commitment and dedications towards the business.
References
A?an, Y., Kuzey, C., Acar, M. F., & Aç?kgöz, A. (2016). The relationships between corporate social responsibility, environmental supplier development, and firm performance. Journal of Cleaner Production, 112, 1872-1881.
Mason, C., & Simmons, J. (2014). Embedding corporate social responsibility in corporate governance: A stakeholder systems approach. Journal of Business Ethics, 119(1), 77-86.
Vitell, S. J. (2015). A case for consumer social responsibility (CnSR): Including a selected review of consumer ethics/social responsibility research. Journal of Business Ethics, 130(4), 767-774.
Wang, Q., Dou, J., & Jia, S. (2016). A meta-analytic review of corporate social responsibility and corporate financial performance: The moderating effect of contextual factors. Business & Society, 55(8), 1083-1121.
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