Nestle creates shared value through long-term relationships with stakeholders in its supply chain. It works with cocoa farmers to help them run profitable farms and eliminate child labor through training and investments. This contributes to Nestle's corporate social responsibility goals. Nestle's business principles focus on benefitting stakeholders like consumers, employees, suppliers and the environment. For example, Nestle has built schools for farmers' children to decrease child labor while increasing the sustainable supply and quality of cocoa. By aligning its values and policies with stakeholders' interests, Nestle aims to create new value for society and shareholders.
Nestle creates shared value through long-term relationships with stakeholders in its supply chain. It works with cocoa farmers to help them run profitable farms and eliminate child labor through training and investments. This contributes to Nestle's corporate social responsibility goals. Nestle's business principles focus on benefitting stakeholders like consumers, employees, suppliers and the environment. For example, Nestle has built schools for farmers' children to decrease child labor while increasing the sustainable supply and quality of cocoa. By aligning its values and policies with stakeholders' interests, Nestle aims to create new value for society and shareholders.
Nestle creates shared value through long-term relationships with stakeholders in its supply chain. It works with cocoa farmers to help them run profitable farms and eliminate child labor through training and investments. This contributes to Nestle's corporate social responsibility goals. Nestle's business principles focus on benefitting stakeholders like consumers, employees, suppliers and the environment. For example, Nestle has built schools for farmers' children to decrease child labor while increasing the sustainable supply and quality of cocoa. By aligning its values and policies with stakeholders' interests, Nestle aims to create new value for society and shareholders.
Group of integrated entities that work together in order to flowing of goods and services (starting with supplier raw materials) to the customer in the time with the least cost and high quality, as well as flow of information for achieving revenue.
2- Explain the differences between the primary and the
secondary industries. Primary industry Secondary industry Definitions Extracting and delivering the Creating and supplying end raw materials to the products and services to the manufacturer customer from the outputs of the primary industries(i.e. construction and manufacturing activities) Examples e.g. farmers introduce cocoa e.g. Nestle converts cocoa to chocolate bars KIT KAT
3- Using the examples from the case study, analyze e how
Nestle creating shared value contributes to its corporate social responsibility activities. - Corporate social responsibilities (CSR) is looking for abroad view beyond the profits for all stakeholders. - Nestle has a series of corporate business principles designed to guide the way in which the organization and its employees operate, these principles are the core of the corporate culture and aim to protect the trust of consumer and other stakeholders. - The principles and their associated policies are concerned with activities related to: Consumers, Human rights and labor practices, Employees, Suppliers and customers and the environment (i.e. long term relationship with stakeholders). MOSTAFA WAFIK MOUSA 20230733- SAT 2:30 am Mob/ whatsApp: 01278002610 - This long term relationship with stakeholders helps farmers to run profitable farms and eliminate child labor, while developing sustainable supply of high quality cocoa (I.e. compliance, sustainability and profitability) (I.e. creating great impact on water, nutrition and rural development). - The shared value became an integral part of NESTLE business - NESTLE corporate business principles incorporate the 10 united nation global compact principles of Human Rights, labor, environment and corruption. - NESTLE invested greatly in training of cocoa farmers and plant researches (increase the quality and quantity and so increase farmer income), improving of their social level by building attractive schools (decreasing child labor). - NESTLE also has partnership with organizations and governments which support good agriculture practice (benefits for all). 4- Evaluate how the values of an organization can be used to benefit the different groups of stakeholders. - Through creating shared value complied with international laws and codes of contact, the company’s business principles and focus on environmental sustainability and go beyond profits , the company should aim to create anew and a greater value for society and shareholders in areas where the company has a great impact on water, nutrition and environment. - When The principles of the company and their associated policies are concerned with activities related to: Consumers, Human rights and labor practices, Employees, Suppliers and customers and the environment (i.e. long term relationship with stakeholders). - This long term relationship with stakeholders helps as in our case study farmers to run profitable farms and eliminate child labor, while developing sustainable supply of high quality cocoa (I.e. compliance, sustainability and profitability) (I.e. creating great impact on water, nutrition and rural development). - We can measure the success of sharing the value through: A. Measuring the Satisfaction rate of the labor. B. Rural development ( building schools , sustainability of resources) MOSTAFA WAFIK MOUSA 20230733- SAT 2:30 am Mob/ whatsApp: 01278002610 C. Increasing the quality and quantity of the production of raw materials and so increase the income to the suppliers. D. Measuring the Number of retained labor/year. E. Measuring the Number of new employee attracted to the company. F. Decreasing child labor. G. Increasing the trust and the profit of the company.