With companies and governments becoming more and more environmentally and

With companies and governments becoming more and more

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well. With companies and governments becoming more and more environmentally and socially conscious, almost all companies will be required to follow suit. Information on social and environmental responsibility is readily available to consumers. Consumers will start referencing this kind of information before shopping ( Sinha & Chaudhari, 2017). Consumers, both in the US and elsewhere in the World are beginning to boycott the products of companies that are seen to be irresponsible. The major weakness facing the company is that its main businesses are based on tobacco and its products which are heavily scrutinized all over the world. Taxes for tobacco and related products are being raised by governments in the world whose effect is that the company is forced to raise prices or keep them as they are and watch their profits go down. Additionally, the industry is viewed in negative light and this hurts the company, both now and in the future (Ojha, 2010). It is therefore important that the company diversifies its business portfolio to be involved in industries outside the tobacco industry.
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ITC LTD INTRODUCTION 4 References Ojha, A. K. (2010). ITC LTD.: Toward a Triple Bottom Line Performance. Retrieved from Sinha, S. N., & Chaudhari, T. (2017). Multi-stakeholder CSR approach of ITC Limited: Impact on Rural Living & Community Development. Sankalpa , 7 (1), 55-66.
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  • Summer '16
  • michael jakait
  • Corporate social responsibility, ITC Ltd, successful company

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