1.Introduction of the Organization
BRAC, an international development organization based in Bangladesh, is the largest non-governmental development organization in the world. BRAC has pioneered a unique model of sustainable business that integrates Corporate Social Responsibility as functional components of enterprises. BRAC Enterprises, one of the flourishing wings of BRAC. In 1978, BRAC’s flagship social enterprise, Aarong, was created as a support mechanism to BRAC’s existing sericulture program so that the hand-spun silk they were creating could be successfully marketed at a larger scale. Aarong was established as a retail distribution outlet that offered a fair price to the rural suppliers while introducing the products to urban markets where both
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3. Advantages gained from Social Enterprises Through its unique model and integrated operations, BRAC achieves five distinctive advantages across its enterprises:
Synergy
The integrated network of BRAC Enterprises, Development Programs and Investments together beget a unique synergy and essentially create a 2+2=5 Effect. The surpluses generated by the social enterprises make BRAC more self-sustaining so that increasing numbers of poor people can become self-reliant.
Cross Collaboration
BRAC enterprises maximize synergy, impact and value by their targeted outreach and integrative products and services across multiple enterprises.
Cross Subsidy
Although BRAC enterprises aim for financial returns while fulfilling the social and environmental missions, not all enterprises are equally profitable. The cumulative surplus from BRAC enterprises combined are used to re-invest in the BRAC enterprises and support the development programs, on an as needed basis, not on a pro-rata basis across
Enhancing someone’s life in a developing nation can and will benefit everyone around them. Improving their life by providing them with a job so we can get our goods cheaper is convenient to the both of us. This is convenient towards them because it provides them with work and will help them pay for the things
John Mackey, founder of Whole Foods once said "Business social responsibility should not be coerced; it is a voluntary decision that the entrepreneurial leadership of every company must make on its own." (Mackey, 2005) In today’s society it is increasingly common for businesses to actively identify and become directly involved in the country and the global social issues and needs. It is now common
(1) Synergy creation: The businesses of both companies are famous and highly complementary to each other.
The world we live and operate BusComm Enterprises in is becoming increasingly smaller as the development of technology allows us to be more in touch with what is happen on a global scale. This allows BusComm Enterprises an opportunity to increase our Corporate Social Responsibility by partnering with a local charitable organization that reaches beyond the boundaries that are drawn a map and helps those who are facing a humanitarian crisis.
Company Q is a small local grocery store chain who has made poor decisions when it comes to social responsibility. Company Q’s business is suffering because the owners’ do not know the heart of running a business, Social responsibility. When opening a business it is not all about the money. Sure it is nice to think about growth and reaping the benefits of a bigger bank account, but the first thing that is important in business is the consumers. Who is buying what you are selling? What will make consumers buy more, comeback, or tell friends? Businesses flourish around consumers. So if it is money you are after, then consumers are who you need and want. So in business in order for Company Q to get what they want and need, they will need to give the consumer what they want and need, social responsibility. Give back, it has always been said “It is better to give than to receive.” After careful review of Company Q's business actions, this company lacks social responsibility in many areas.
In this report we will explore the team and organizational structure of BMO and discuss the efficiency of its strategies. We will primarily be focusing on how groups are constructed within BMO and group members interact. Then on a more macro scale, we
We employee a more collaborative structure in our business, with teams working closely together on projects, ultimately for the benefit of the customer.
It is often said that a structure is only as strong as its foundation. This same principle can be applied to a business. In this case, the foundation is the stakeholders and the company’s corporate social responsibility strategies, both of which play a crucial role in the long-term success (or strength) of the company. Bombardier is a Canadian aerospace and transportation company which was founded in 1942 in Valcourt, Quebec as a snowmobile company. As its success grew, Bombardier expanded into one of the world’s leading transportation manufacturers; a multinational company, and evidently a highly successful one. The focus of this report, however, will not be on the overall success of the company, but on the company’s disposition
In other words, corporate social responsibility is a serious competitive advantage for NBB. Corporate social responsibility practices are to improve the wellbeing of society. New Belgium’s social responsibilities provide the company with a serious competitive edge because consumers have the desire to believe in and have a positive feeling when it comes to spending their money. The company’s socially responsible vision that gives mainly to its consumers progressively supporting what the company stands for on all levels. Corporate social responsibility operations aid to build corporations and or businesses look troubled about generating a thriving workplace and community to gain participation and keep workers and buyers.
Impact investment is a technique of charity that offers donations in order to support the growth of a business so they are able to increase business profits. By investing into small business the company is able to offer the workers more livable wages. Workers take more pride in their work if they aren’t unreasonably pressured with competition like other business tactics previously used. Impact investment helps decrease poverty because it gives those supported by it hope through obtaining a more profitable job and increases their confident when they are paid enough to live more comfortably.
Organization capabilities: Over the past few years BBD has incorporated many mergers successfully. The team had the capabilities to add value through acquisition by application of its existing competencies.
Enterprise has grown to be a very well-known organization that operates within the United States and on an international scale. The organization values strong community relationships
BEC has taken on the matrix organizational structure. This type of structure combines functional and divisional organization structure styles. There are advantages and disadvantages in utilizing this
Competitive advantage is explained by Mahoney and Pandian (1992) as the function of industry analysis, organizational governance and the firm’s effects in the form of resource advantages and strategies. In order for a firm to be competitive it must adapt to the volatile business environment and through strategic management decisions establish a competitive advantage that will ultimately produce superior performance relative to its competitors (Akimova 2000).
After reading the first two chapters of Building Social Business, I was moved. I was inspired. Yunus opened my eyes to another side of business which in his words was selfless. And indeed it was selfless. Social business is truly selfless because it focuses on helping others and earning profit comes second. By reading this book and reflecting, I realized it is better to be part of the solution than be part of the problem. By looking at my community, at my environment, and at my experiences in life, there are problems that will need solutions and I firmly believe that having a social business is the solution. By my observation, slow public utilities, expensive medicine, and empowering marginalized sectors are problems that can be solved by putting up social businesses. By combining entrepreneurial mindset and experience, social awareness, and creativity, the ideal social business can be done. But what makes a social business truly a social business is the