Bus 421 Business Administration : Assessment Answers
Answer:
Being ethical and socially responsible is one of the primary needs for the business entities. Samsung is one of the names that have attained huge recognition and greater customer base, governmental support and global visibility because of its practices for the environment sustainability. Samsung is one of the companies that pay huge attention on the environmental responsibility aspect. There are numerous initiatives taken by the organisation such as eco-management, eco-design, energy efficient products, chemical management, sustainable materials, responsible cycling, regional trend and data corner (Yan and Yazdanifard, 2014). The key initiative in context with the environmental responsibility is the eco-management, under this practice, the company works for the reduction of GHG emissions when the consumers use the products. The company strives hard to develop all the products under the classification of Good Eco to achieve the aim of reducing a total of 250 million tons of green house gases emissions by the year 2020 (Samsung, 2017). The next practice towards environment sustainability of Samsung is eco-design. The company analyse the impact over the environment of all the stages of the life cycle of the products of Samsung. The practices of Samsung are highly effective in improving the recyclabity and energy efficiency and reducing the toxic and hazardous substances by the efficient eco-design proves of the products. The company also fulfil the international environmental regulations and maintain high standards by the means of certifications as well as environmental agreements so that the customers can get responsible and quality products (Samsung, 2017). Another initiative of Samsung is its energy efficient products. The company manufactures extremely energy efficient products so that the sustainability of the products can be analyse and evaluate by the means of eco-rating system and the company can have a better rating in terms of environment sustainability (Lee, 2011). There are practices related to chemical management such as it does continuous and in-depth inspections of the raw materials as well as the parts used in the products of Samsung that they are highly safe as well as eco-friendly. The company ahs huge control over its supply management process so that the toxic and restricted substances are not sued in the manufacturing of the products. Samsung’s environmental responsibility can also be analysed by its efficient practice of responsible recycling (Baron, 2003). In every region, there are established the collection systems of Samsung through which the company collects the products that comes under end-of-life category, so that the scarp can be used for recycling. There are initiatives such as e-waste management that supports the environmental sustainability of the company. Thus, from all these environmental practices and initiatives, the company has fulfilled its environmental responsibility in a greater and valuable manner. Therefore, the company stands at a good position in the companies who follow high level of ethics and corporate social responsibility from the global perspectives (Samsung, 2017).
References
Lee, K. H. (2011). Motivations, barriers, and incentives for adopting environmental management (cost) accounting and related guidelines: a study of the Republic of Korea. Corporate Social Responsibility and Environmental Management, 18(1), 39-49.
Baron, D. P. (2003). Business and its environment (p. 2). Upper Saddle River, NJ: Prentice Hall.
Yan, Y. K., & Yazdanifard, R. (2014). The concept of green marketing and green product development on consumer buying approach. Global Journal of Commerce & Management Perspective, 3(2), 33-38.
Samsung, (2017). Eco-management, Retrieved on: 22nd June, 2017, Retrieved from: https://www.samsung.com/us/aboutsamsung/sustainability/environment/eco-management/
Samsung, (2017). Eco-design, Retrieved on: 22nd June, 2017, Retrieved from: https://www.samsung.com/us/aboutsamsung/sustainability/environment/eco-design/
Samsung, (2017). Environment, Retrieved on: 22nd June, 2017, Retrieved from: https://www.samsung.com/us/aboutsamsung/sustainability/environment/
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