Corporate Social Responsibility (CSR) Report Analysis Research Paper

Corporate Social Responsibility (CSR) Report Analysis - Research Paper Example It is knowledge-based and aims at leveraging its core capabilities or skills so that they may broaden the understanding of the global trends in CSR. Hershey’s strategy, which is founded on the company’s value, is open to changes and focuses on partnerships that are in alignment with their culture, helps the company in advancing their growing global businesses. Hershey’s has also partnered with several companies in the solving issues arising from climate change, resource scarcity and human rights. The company’s management has realized there is a need for them to proactively comprehend and address their neighbor’s issues when doing business with them. Hershey’s has also been making noteworthy progress in the achievement of their CSR goals while building sustainable platforms for ensuring the company’s growth. This has been achieved through the foundation of strong beliefs in the company’s values and distinct heritage. The fundamen tal principles that guide the company’s CSR strategy to success are founded on talent or resource management and responsible sourcing. In managing the company’s CSR strategy, they use talented or experienced teams, an aware or engaged workforce, revitalized business strategies and confectionery products that are world-class. Hershey’s has made an impact on seventy countries in Asia, America and South America through the use of effective marketing, sale, distribution along with manufacturing operations. Finally, the company’s CSR strategies focus on their marketplaces, the environment, workplaces and the community (The Hershey Company, 2011). B. Brief Summary of the Report, Noting Significant Achievements, Actions and Goals. The report provides information on the company’s profile and the strategies of achieving their CSR objectives. It also provides their CSR’s towards the marketplaces, environment, workplaces and the community. The report p rovides that the company’s goals include producing high-quality products or selling them at fair prices and providing work that is meaningful while offering fair wages to their employees. Its other goals include giving back to the communities in their areas of operation and being good stewards of land and the resources obtained from it. The report indicates that the company has been able to launch factories in America, Asia and Latin America to enable them to handle their markets more effectively. They have also achieved success in other operations in the nonmanufacturing sector by opening up administrative offices in other parts of the globe which include Japan, Singapore, Dubai and the Philippines. The company report stipulates that it has also managed to expand their source for raw materials to countries like Nicaragua, Cameroon, Cote d’ivoire, Indonesia and Jamaica. Its reports indicate that the company has been able to gain their customers trust and have also incr eased their research efforts in order to satisfy their customer’s needs more appropriately. In addition, it indicates that the company has been able to satisfy their employees thereby improving on their productivity while providing suitable returns to the investors. These achievements have in turn enabled Hershey’s to closely collaborate with its business partners in finding solutions to the problems that the different