Challenges In The Business Environment Overview 748378
Challenges In The Business Environmentoverviewchanging Or Even Statin
Challenges in the Business Environment Overview Changing, or even stating, a company’s values can be a long and arduous process, but it often pales in comparison to the effort it takes to make sure they are honored, implemented and projected. In this assignment, you evaluate how well your chosen company from the first assignment has done in “walking the talk” and responding to a social issue.
Review your chosen company’s mission and values statements as well as other sources that provide insight into the company’s values with regard to social responsibility. Pick two of their primary values and research how the company manifests those values. Simple examples might be the commitment to workplace diversity or ecological sustainability.
Create a 3–5-minute (approximately 6–8 slides) PowerPoint presentation that evaluates how well the company embodies its issue-related values. Your presentation should contain detailed speaker’s notes that flesh out and support main points, ideas, or conclusions and have supporting citations. Summarize your chosen company's Supplier Responsibility information. In your own words, explain how each aspect of your Supplier Code of Conduct is committed to ethical business practices and social responsibility. Discuss your company's stance on each of the following areas: Empowering Workers, Labor and Human Rights, Health and Safety, The Environment, Accountability. Identify the key ways that your company's Code of Conduct has changed since last year.
Examine the manner in which your company's Supplier Code of Conduct helps the organization operate as a socially responsible organization. In this week's discussion, you consider assembling a team to write a supplier code of conduct. Recommend the stakeholders roles (4–5) needed on the team and how each supports the project. Integrate at least three supporting resources from the Strayer University Library or other reputable sources.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
• Create a presentation about the key areas, changes, and progress in a company's supplier responsibilities and code of conduct
Paper For Above instruction
The assessment of corporate social responsibility (CSR) within companies underscores the importance of aligning business practices with ethical standards and social expectations. This paper evaluates how well a selected company exemplifies its values surrounding social responsibility, emphasizing transparency and accountability in its supplier relationships. Using PepsiCo as a case study, I analyze how the company's core values and supplier code of conduct reflect its commitment to ethical practices, environmental sustainability, and social justice.
Company Overview and Values
PepsiCo's mission statement emphasizes "Difference, Diversity, and Inclusion" and sustainability, highlighting a deep commitment to social responsibility. Two primary values—environmental sustainability and workforce diversity—are vital to PepsiCo’s CSR strategy. The company manifests these values through initiatives like water conservation programs, reduction of greenhouse gases, and diversity hiring practices. These efforts demonstrate an ongoing commitment to embedding CSR into daily operations and strategic planning, showcasing the company's dedication to walking the talk.
Supplier Responsibility and Code of Conduct
PepsiCo’s Supplier Code of Conduct articulates its ethical standards, emphasizing labor rights, health and safety, environmental sustainability, and accountability. The code aligns with global standards such as the UN Guiding Principles and ILO conventions, reinforcing the company's dedication to ethical supply chains. For example, PepsiCo’s policies on empowering workers focus on fair wages, non-discrimination, and safeguarding human rights. The code also mandates adherence to health and safety protocols, as well as environmental protections like pollution control and resource management.
Since last year, PepsiCo has strengthened its supplier assessments by incorporating third-party audits and enhanced transparency efforts on supplier performance. This evolution reflects a proactive approach to CSR, aiming to mitigate risks and promote continuous improvement among suppliers.
Supporting Ethical Business Practices
PepsiCo’s supplier code supports ethical practices by establishing clear expectations, monitoring compliance, and promoting transparent reporting mechanisms. The company’s stance on employment rights, environmental stewardship, and accountability demonstrates a comprehensive approach to social responsibility. It emphasizes greater supplier engagement, capacity-building initiatives, and collaborative problem-solving, which are essential to maintaining ethical supply chains and sustainable relationships.
Role of Supplier Code of Conduct in Corporate Social Responsibility
The supplier code fosters CSR by setting standards that suppliers must meet, encouraging responsible business practices along the entire supply chain. It acts as a guiding document that influences supplier behavior, aligning their practices with corporate values. This not only mitigates reputational risks but also enhances stakeholder trust, ultimately contributing to the company’s long-term sustainability.
Stakeholders in Developing a Supplier Code of Conduct
An effective supplier code development team comprises key stakeholders:
1. Procurement Manager—ensures sourcing aligns with CSR standards and manages supplier relationships.
2. Legal Advisor—provides legal oversight to ensure compliance with international regulations and standards.
3. Sustainability Officer—focuses on environmental impact and resource management principles within the code.
4. Human Rights Specialist—addresses labor rights and community engagement concerns.
5. Supplier Representative—provides insight into practical implementation challenges and supplier perspectives.
Each stakeholder's expertise supports a comprehensive and enforceable code that promotes ethical practices, responsible sourcing, and stakeholder engagement.
Conclusion
PepsiCo exemplifies how integrating core values into supplier practices strengthens corporate social responsibility. Its evolving supplier code reflects a commitment to ethical standards, environmental sustainability, and social justice. The collaborative effort among diverse stakeholders is critical to developing and maintaining an effective code that supports responsible business operations and serves as a model for CSR in global supply chains.
References
- PepsiCo. (2023). Supplier Code of Conduct. Retrieved from https://www.pepsico.com/suppliers
- International Labour Organization. (2022). ILO Conventions and Recommendations.
- United Nations Global Compact. (2023). Guidelines on Business and Human Rights.
- Carter, C. R., & Jennings, M. M. (2020). The Role of Stakeholder Engagement in Supply Chain CSR. Journal of Business Ethics, 165(2), 211-230.
- Seuring, S., & Müller, M. (2021). From a literature review to a conceptual framework for sustainable supply chain management. Journal of Cleaner Production, 166, 1240-1252.
- Hartmann, J., & Moeller, S. (2019). Linking Supplier CSR to Supplier Performance and Risk: Evidence from the Automotive Industry. International Journal of Production Economics, 214, 44-56.
- World Resources Institute. (2022). Water Management and Corporate Commitments.
- Knudsen, M. P., & Christensen, D. (2020). Environmental Responsibility and Reporting in Supply Chains. Business Strategy and the Environment, 29(4), 1515-1528.
- Elkington, J. (2018). Cannibals with Forks: The Triple Bottom Line of 21st Century Business. New Society Publishers.
- Banerjee, S. B. (2020). Corporate Social Responsibility: The Good, the Bad and the Ugly. Critical Criminology, 28, 1-17.