The Business Of Water Essay

1645 words - 7 pages




Who are the main stakeholders of beverage companies such as Cocoa Cola and Nestle in this case? How would you prioritize their stake and how legitimate are the different stakes?

Consider the following stakeholders for beverage companies such as Nestle and Cocoa Cola in terms of legitimacy and importance of the stakes held.
Shareholders and Board of Directors: These are directly interested in the profitability of the company and will be impacted by any decision that the company makes. While their stakes are legitimate and must be prioritized in terms of company ...view middle of the document...

They also have a legitimate stake in the business
Competitors: Decisions made by beverage giants such as Cocoa Cola and Nestle also impact the decisions made by competitors, in terms of types of resources used. Cocoa Cola’s commitment to conserving water has impacted several other organizations to adopt similar practices
Industry: Again, the decisions taken by a large beverage producer impacts the decision making process and best practices by the industry in which the company operates
Consumers: Final consumers of the product also hold a legitimate stake in the corporation, since they will be consuming the final packaged water product
Ancillary and Subsidiary Industries: That use packaged water and bottled water products and supply raw materials for the same e.g. the bottling industries, the packaging industry etc. are also impacted by these companies and hold a legitimate, if not important stake in the business.
Think of the Role of Nestle in terms of Carroll’s pyramid of CSR. Which responsibilities does it live up to and where do you see space for improvement?
Carroll’s pyramid of CSR describes the following responsibilities for an organization:

Specifically, in terms of Nestle, we can analyze the situation as follows:
Economic Responsibilities: This is the foundation of the pyramid of corporate social responsibilities, to which Nestle does live up. It is a profitable company with net profit $15.4 in 2014 and $92.5 billion revenue in 2014. The company also makes decisions that are primarily driven by profitability, giving 2.5% dividend to shareholders in 2014
Legal responsibilities: The company is legally compliant and all decisions taken by the company are within the letter (if not spirit) of the law.
Ethical responsibilities: This is a grey area for Nestle, especially when it comes to marketing bottled water, since each liter of packaged drinking water uses 3 liters of drinking water in the manufacturing, transport packaging and marketing process. Nestle has also faced criticism for the exploitation of nonrenewable water resources and aquifers such as water from the Fiji islands. The hiring of lobbyists to campaign against the ban of packaged drinking water in municipal corporations and placing contentious ads that say that packaged water is the most environment friendly product that they advertise has also garnered a lot of criticism. Nestle has also been accused of spying on NGO called ATTAC that has targeted the company’s bottled water operations in Brazil – all pointing to the fact that Nestle does indeed need to work on its ethical responsibilities in its contribution of water resources towards the people .
Philanthropic Responsibilities: While Nestle has undertaken a range of water conservation initiatives across its global businesses with an aim to minimize the impact of their operations on natural water resources and the communities they 2016.and they work with expert partners, including the WBCSD and the...

Other assignments on The Business Of Water

The Influence Of Law In Business

936 words - 4 pages The Influence of Law in Business Practice Intro to Business & Technology March 23, 2014 The Influence of Law in Business Practice There are several laws in the United States that are meant to set a standard for fair, balanced, and competitive business practices. These are, by design, a way to ensure that trade- international as well as domestic- is done in a reputable and progressive fashion. There are many aspects that come in to

Water Essay

652 words - 3 pages Title: Specific Heat of a Metal Purposes: Be able to measure specific heat. Be able to use a calorimeter correctly. Be able to find and measure the specific heat of a metal. Calculate the change in water temperature. Hypothesis: The specific heat of the metal sample (lead) will be very low. Safety: goggles, apron, hair restraints, Bunsen burner, heated water, harmful metals, breakable glass containers Materials: goggles and apron, beaker

The Global Environment Of Business: New Paradigms For International Management

5311 words - 22 pages within particular circumstances. The printing press, for example, resulted from a desire to improve on the time-consuming process of writing by hand. The steam engine resulted from a desire to increase efficiency in the removal of water from mines and to achieve a more rapid pace than that of horses. Often, the innovation process then involved the diffusion of such technological breakthroughs to additional uses. Many business opportunities grew

The Role Of Business Economics In National Development

2924 words - 12 pages INTRODUCTION Following this introduction on Nigeria’s economic development challenge, this paper reviews business economics, outlining the relationship with innovation and social entrepreneurship. It also presents a holistic framework for economic development covering the individual, firm and macro levels, and outlines the roles of stakeholders at each level, in fostering national development. It concludes by calling on all stakeholders to play

Water Shortage

1055 words - 5 pages INTO UEA EUS Course Summative Essay - Final Draft ‘The shortage of fresh water in the world is becoming a major challenge. What are the cause and effects of this situation? What solutions can be used to help address this problem? Describe the problem and discuss its different causes and effects. Give examples of solutions already used and possible future solutions.’ Student name: XIONG RONG (Cheryl) Student number: 0010073806

Water Desalination

341 words - 2 pages When most people think of global warming, the first thing that comes to mind is rising temperatures. We hear reports of temperatures rising in already warm climates and temperature increases in colder climates. However, we don’t often hear enough about the effects of global warming on drinking water and drinking water safety. Many people are searching if the ocean desalination can solve the world's water shortage. First, human population

Water Filtration

734 words - 3 pages The Engineers Without Borders (EWB) Challenge is a way for first year engineering students to apply the skills they are learning in a “real world” scenario, while providing communities with support and solutions to problems that they face on a day to day basis. For this year’s challenge we have selected the task of designing a solution to the village of Devikulam’s water supply and sanitation systems. Devikulam is a small village in India that

Water Crisis

1974 words - 8 pages Global Water Crisis: What is the Prognosis Global Water Crisis: What is the Prognosis While the world has struggled with oil, globalization, and strife, the new crisis that is being increasingly important is the health and capacity of the water supply. Taken for granted, the rising population primarily in developing countries along with the declining freshwater reserves will lead to conflict. In addition there is the issue of climate change

Dark Water

314 words - 2 pages Dark Water by W.E.B Du Bois 1. We see Europe’s Greatest sin precisely where we found Africa’s and Asia’s, - in human hatred…. (Page 28) * I like how he is so honest in this book. He doesn’t care who reads his book. 2. It is curious to see America, looking on herself first, as a sort of natural peacemaker. ( Page 28) * Du bois makes it look like you are there. This was my favorite quote in the book. 3. If I cry amid this

Close To The Water

735 words - 3 pages her husband because she was afraid of the unheard of and unknown. Our main character however chooses to jump into the water and decides that he doesn’t want to live the life he is living. The short story describes how hard it a can be coming from a bad childhood. But it also tells how to deal with the problems that are set before you. The most important thing is to place natural values above materialistic values.

Waste Water Management

1762 words - 8 pages Introduction: Water is crucial for all aspects of life, the defining feature of our planet. Ninety seven and a half per cent of all water is found in the oceans, of the remaining freshwater only one percent is accessible for extraction and use. Functioning and healthy aquatic ecosystems provide us with a dazzling array of benefits – food, medicines, recreational amenity, shoreline protection, processing our waste, and sequestering carbon. At the

Similar Documents

The Evolution Of Business Essay

1390 words - 6 pages The Evolution of Business Jennifer Sterkenburg OMM 640: Business Ethics and Social Responsibility Instructor Whitten September 4, 2013 The Evolution of Business Since the term “business” became a word everyone was familiar with, the purpose and principle behind business ethics and values was created. Even though no one in this day and age can be 100% sure how businesses were created, and how entrepreneurs were able to provide a sense of

What Is The Definition Of Business Communication

513 words - 3 pages What is the definition of business communication? Business Communication: communication used to promote a product, service, or organization. Business communication is nothing but, the communication between the people in the organization for the purpose of carrying out the business activities. It may be oral, verbal, written. Why Is Communication Important in a Business? Good communication matters because business organizations are made up of

The Role Of Ethics In Business Evolution

1680 words - 7 pages The Role of Ethics in Business Evolution Reconciling works of Managerial Literature, Business Ethics Writer and Catholic Social Teaching, Domènec Melé argued that a firm should be considered as a wholesome person and suggested the ethical implications of his view (Melé, 2012). The concept that a firm should be regarded as a legal person, and not just a profit seeking entity, was brought forth by the House of Lords in the (Salomon v. A. Salomon

Business The Back Bone Of Economy

1125 words - 5 pages | Business | The Back Bone of Economy | | Amy Lopez | 11/4/2012 | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | Business is the back bone of any economy. It forms an economies foundation and without business your economy would be almost no