due to their employees, and its the decisions made by those employees that impact our environmental, political, and society existence. A corporation that is committed to not externally harm others, and that is willing to be held responsible for their actions is viewed as more trustworthy, modern, transparent, and as leaders. A corporation that is the opposite, meaning they do not care about what harm they cause, will be perceived more negative among consumers, employers, investors, and by any of their stakeholders they have. A business that has a strong, committed, and current CSR will attract more consumers and employers for they will value their company more than others that do less. Whole Foods Market is a business example that exceeds in fulfilling their CSR pledge. Whole Foods exclusively values all their stakeholders ranging from consumers, employees, suppliers, investors, and communities. Their customers are their top priority and focus to ensuring high quality products and standards that ensures it is organic or natural. Whole Foods is top rated for having one of the highest average hourly wage among other retailers, and for providing programs that enhances their motivation and morales. They have grown their network of suppliers to be geographically dispersed, and attracting local and regional producers as well to ensure local neighborhood products at each store. Whole Foods also ensures that their investors are satisfied with productive and profitable gains through their CSR commitments, they do not “cut corners” or step away from their values to fulfill their investors interests. Lastly, Whole Foods Market also uses Whole Trade Guarantee to manage its supply chain by providing fair trade, fair pricing, fair wages, and sustainability programs for their communities.
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- Spring '16
- Business, Corporation, Corporate social responsibility, Whole Foods Market