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Create shared economic and social value

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Reference no: EM133399926

My company is Best Buy

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Based on your company's most recent sustainability report, please discuss the following:

1. How does your company create shared economic and social value? Shared valued initiatives would have an economic benefit to the company and a social benefit to society. For example, a healthcare company that funds and collaborates with a local university to offer a certificate program for healthcare professionals benefits the university, the local community, and potential students while at the same time increasing its pipeline for future employees with the skills they need. In another example, American Standard, a U.S. toilet maker, invented and marketed a sanitary toilet pan for latrine users, which features a trap door that eliminates stench and flying insects that spread disease. This new product benefited the company financially and helped to improve sanitation in developing countries.

2. Based on the information you have gathered about your company, at which stage of global corporate citizenship would you classify your company? The 5 stages of corporate citizenship (elementary, engaged, innovative, integrated, and transforming) are given in Chapter 3 on pages 62-64. After reviewing each stage, indicate which stage you feel your company is in and defend your answer with examples from your company's sustainability activities.

3. Does your company support the UN Sustainable Development Goals? If so, which of the 17 global goals does your company focus on?

Reference no: EM133399926

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