Posted: January 31st, 2023

The essay is a discussion on responsibility audit report of Samsung Company

Introduction The essay is a discussion on responsibility audit report of Samsung Company. The report will examine the best practices of Samsung Company. The report will have a check on whether these practices demonstrate in one way or another responsible corporate behavior.
The paper will also examine and rank in a rational way what deems to be Samsung’s most responsible practice based on ethical theory. At the end report will provide viable recommendations that Samsung Company should adopt to become more responsible in its business practices.
Samsung has adopted a Corporate Social Responsibility (CSR) vision that is aimed at building a society an amicable environment comprised of people, society coexisting in harmony. Samsung is committed to upholding transparency while at the same time ensuring that it delivers important information to the shareholder of the company.
This is geared towards building ensuring the shareholders of the company have long lasting confidence and trust in the business undertakings of the company (Michell 2010).
Samsung Company is an electronics company driven by the recognition that their choice of workplace is far much affected by more than the benefits and compensation it receives. Samsung Company has overtime in its business practices valued its employees and helped them climb the ladder towards attaining their highest levels of potentialities, while upholding balance in their work-lives. Samsung Company has strong foundations aimed at commitment to sustainability and good corporate citizenship.
Environmental Initiatives that Samsung Company has undertaken Samsung is a well-known electronic producing company they whose products have been marketed all over the whole globe. The company has taken the opportunity to work at positively impacting on the environment. The company has taken the responsibility to produce products that are environmentally friendly. This has been realized by ensuring that the products the company manufactures have efficiency in energy usage and in that they help consumers of those products are in a better position to minimize their carbon footprint. Recently, Samsung Company has implemented the Recycling Direct Program. The program has been set up as a measure to help those consumers who need to dispose their worn out electronic to dispose them in the best environmentally friendly way. This has helped minimize the rate at which the environment is being polluted by those old electronics.
Samsung’s Initiative in Citizenship and service Samsung Company has also actively taken part in building strong citizenship and offering various services to the society. This has made the company adopt a deep commitment in bettering the way communities live. This has actively involved the ways the employees of the organization live, thus forming part and parcel of the company’s corporate culture. Samsung has actively taken an active role in charitable programs, raising about 30 million U.S. dollars since the year 2012. These charitable donations have been extended to more than 300 schools and also community based organizations and charities in the U.S. (Blowfield and Murray 2011).
Samsung Company has a key focus in actively taking part in these charitable donations. It is out to ensure that these social contributions make key differences and impact positively to make better the lives of children. This can only be made brighter by funding their education and promoting healthy living conditions and sanitation. Through the Solve for Tomorrow Initiative program, Samsung Company in collaboration with its partners has given out more than one million U.S dollars’ worth of technology value to public schools. Other charitable donations have been made to the Four Seasons of Hope, an initiative that has been helping support charities that are sponsored by sports stars from America.
Samsung’s corporate sponsorship to the community has been of much benefit to many organizations on a national’s platform, helping improve on the lives of many people. Samsung has had strong partnerships with different national organizations. These include: Habitat for Humanity. Samsung has partnered with this organization to help provide financial resources, appliance and volunteers. These resources, both financial and human are used to build houses for the needy people. In the recent times, Samsung has had fruitful collaboration in providing relief efforts to UNICEF’s Haiti Earthquake. In the year 201, many organizations did benefit from the sponsorship efforts from Samsung. These include: the Great Dallas Korean School, the Golf Tournament charity called Cricket based in San Diego, the Curing Kids’ Cancer Golf Tournament and also the Atlanta Area Boy Scouts Golden Eagle Breakfast.
Community Service Initiatives Most of the employees from Samsung Company have overtime shown their endless generosity towards making donations in terms of money and their valuable time to help participate in community based services. Volunteers from Samsung Company have actively worked with the following organizations (Epstein and Rejc Buhovac 2014).
Habitat for Humanity- with Samsung company employees actively working with this organization, it is one way in which it has helped given back to the community. The volunteers from the company have helped build homes for the needy in the society. The company’s commitment to this organization can be seen from the fact that it spends more than one hundred thousand U.S dollars and more than 300 hours of volunteer ship on an annual basis.
North Texas Food Bank- Samsung Company has been actively in providing food to food pantries, soup kitchens and well known delivery services. Samsung’s active participation in such activities is aimed at promotion of goodwill in the society. It is also a viable channel in which employees can help those in need over the holidays.
Susan Komen for the Cure- Employees from Samsung Company were invited to help donate money to this foundation by wearing jeans. The funds got from this event were used to support the activities of the foundation. This was in the Dallas area, by the name of Samsung Telecommunication America.
Carter Blood Care- Employees from Samsung Company have volunteered to donate blood to this foundation. Each day, the local patients depend on more than a thousand donors of blood. The blood donation exercise has been of much help in that the local blood supply has been kept strong and available for those in need of blood.
Rady Childrens Hospital Auxiliary- Samsung has had close ties with the Cricket Charity Golf Tournament. The activities of the tournament benefits the Rady children hospital situated in San Diego. This involvement is focused at helping out the low-income families who have been victims of cancer.
Toys for Tots- During the toy drive, Samsung employees have been involved in donating unwrapped toys for the newborns that are needy. The sole aim of this toy drive is facilitated through a new toy at Christmas. The drive offers a message of hope to those who are less fortunate in the society. Such encouraging words of hope have been vital in helping them become responsive, patriotic and active citizens.
Global Contribution Activities by Samsung Company Samsung Company, through its Trading and Investment Group, has been actively involved in many activities aimed at fulfilling part of its corporate social responsibility. This involvement has also been motivated by the company’s efforts to part of those helping the needy.
Global Child Sponsorship Program The Trading and Investment Group of Samsung Company has had close partnership with Plan International Korea since 2009. The Korean international organization is a development organization for children, aimed at facilitating sponsoring programs for children who come from the less developed states. Samsung Company has actively participated in poverty eradication activities for the less developed countries as part of the company’s social responsibility activities.Saamsung had also launched sponsorship programs for those disadvantages children in overseas countries. Samsung employees have also been involved in various sponsorship programs for children from overseas countries in Asia, Latin America and Africa. Their generous activities and contribution support the children financially and also help build true friendship ties with them (Hopkins 2007).
Samsung Volunteering Activities at Overseas Offices Samsung Company is a globally known organization with many offices all over the world. The company has been actively in volunteer activities across the world. Workers at the Samsung’s Trading and Investment Group have taken active roles in volunteer activities. These activities have been helpful in meeting needs and demand at the local setting. These needs include responses to disasters and conservation of the environment. Samsung Company has thus gained a lot of trust and support from the local communities for its active involvement is volunteer activities.
Samsung Projects Samsung Company has also been actively involved in working in cooperation with project sites and regional offices so as to fulfill its responsibilities as it undertakes its business. Samsung’s global responsibility efforts are aimed at provision of financial support to children and families with low incomes. The activities are also involved in offering training and employment opportunities for the people in the local communities. The company has also helped build school for children who lack access to education. Samsung has also built communal facilities for the needy people. Samsung Company has been actively involved in:
Building of libraries- Samsung Company has been involved in building libraries for children. Bearing the fact that clean, safe and well-lit environment for learning is a necessity for children. Samsung Company has been involved in transformative initiatives for the neglected schools and community centers into libraries for children in many areas such as Bolivia and India and Iraq. The building of libraries project by Samsung Company was set up in 2012. It has become a huge success for many children. The company is also planning to expand the initiative to cover more regions and communities across the globe (Jones and Ratnatunga 2012).
Book donation- after completion of the library buildings, Samsung Company fills those libraries with books. The company has started the donation of books through guests who visit the company’s corporate promotion center. Samsung Company has helped invest in the future by building libraries and filling them with textbooks.
Disaster Resource Partnership- The year 2013 saw Samsung Company join the World Forum Disaster Resource Partnership. This initiative is a model for responding to disasters that is public-private based. The partnership has been a major milestone in that it has helped Samsung pledge to offer aid to those communities damaged by fire outbreaks, victims of storms and other natural disasters. The partnership is comprised of emergency response team. The teams is made up of technical experts and project managers who are well trained and qualified in offering support in housing facilities and materials and also financial resources.
Technical schools- Samsung Company have projected a plan to build technical schools near its major project sites. The technical facilities will be used to train local men and women from the surrounding communities in skills such as carpentry, masonry and welding. The company is also promising to offer employment opportunities to those who have successfully graduate from educational institutions. With Samsung providing the local communities with skills on how to earn their living, creation of jobs and creating global network for the qualified personnel, it will be able to benefit the local communities. At the same time, the company will help strengthen its corporate standing in the regions (Michell 2010).
Explain and rank what you deem to be the Organization’s most Responsible Practice Samsung’s most responsible practice is its creative organizational culture. Samsung has been one of the global companies that create a participatory work environment for its employees. A platform under which the can feel a sense of dignity, pride in their undertakings and affiliate their ownership to the vision of the organization.
Samsung Company has overtime strived to build a creative organizational culture with its employees and all its operations. The culture acknowledges that the investments that the company makes while it strengthens its core competencies of its employees will definitely reflect positively on its competitiveness. Samsung has actively promoted its organizational culture giving room for employees to make out for a balance in healthy life and work. All these have been achieved under a dynamic, creative, and innovative and an environment of challenges that is not risk-averse. Being an international company carrying out its operations on a global basis, Samsung has embraced different personalities from diverse backgrounds and abilities. On an ethical theory,
Balance in Work and Life through Work Smart Initiative Samsung Company has contributed to balance of work and life. It has also improved on its productivity by adopting a flexible work schedule. This schedule has helped eliminate overtime that is not necessary and also to maximize on performance of work though effective management of time. In 2009, the company came up with a pilot, flexible work schedule in its different electronic sectors such as the television, mobile phones and other consumer electronics. Samsung came up with the initiative in that it clearly understood the necessity for everyone to be able to assume personal responsibility for their time in work. This has helped create an environment gives room for employees to focus on their job in an independent and creative work setting (Mallin 2009).
Establishment of a Work Culture that encourages continuous Research and Development Samsung Company has come up with a Creative Development Research Institute System. This system provides its employees with various opportunities to carry out creative new ideas and innovations to tap fully on their talents and professional passions. The initiative has significantly been a crucial one in that it encourages employees to become more entrepreneurial and innovative new ideas that lead to new businesses.
Talent-based recruiting of Experts in Software and Design Samsung Company has established the ‘Future Creator Challenge”. This is a recruiting process that is talent based. The process hires new employees in software development and design.
Diversity Management Samsung Company has come up with various activities aimed at creating an atmosphere for employees to flourish well. Being a global leading company in the manufacture and production of electronic products, the company has seen the essence of ensuring that the workforce within the organization reflects the diversity within the global electronic market it serves. In Samsung Company, every employee has a voice regardless of their race, gender or even the nation they originate from (Williams 2013).
Female Employees To prevent women from their career obstacles related to child care obligations, Samsung Company offers various programs to cater for that. The company has created a pleasant work environment. This has ensured that its employees have full commitment to both work and home. To fully cater for female employees with young children, the company has arranged a parental leave that is appropriate. The company has also come up with a flexible workplace policy system. Employees who have pre-school aged young ones can work from their homes. Samsung has also strengthened its networking and education programs. This has helped increase the rate of female employees within the organization. Training opportunities for women have been introduced to increase the number of female regional experts. The company is also supporting the development of networks for women. This will help encourage mentorship opportunities and increased professional dialogue among females in the management.
Disabled Employees The company embraces employment of physically challenged people to the organization. The company has been offering employment opportunities to the disable to help build their careers. The company provides them with opportunities to live up to their full potential and capabilities in the business world and society.
Global Diversity Samsung Company has overtime had full efforts directed towards employee creativity and better work performance. It has invested in infrastructure. This has embraced diversity while at the same time creating awareness in facilitating working together. The company has employed a reverse deployment scheme whereby foreign employees are taken out to different parts. This has created Samsung experience, its corporate culture and also helped eliminate differences that trace back to culture. The company has also aligned the human resource system to ensure standardization in the evaluation system, thus efficiency in managing the workforce on a global platform.
Make Recommendations for your Organization to show it is being more responsible The management for Samsung Electronics Company should adopt various recommendations aimed at ensuring that the company becomes more responsible in its business practices. These include:
The company should improve performance on a continual basis by ensuring settlement of standards for performance management. It should also ensure global allocations aimed at responding to strategic changes that occur in the business environment. The implementation of such strategies will bring a positive progress aimed at achieving goals that have been communicated with the stakeholders of the company through the company’s report on sustainability.
The company should ensure that there are organizational processes of data management and reporting that is produced by the system of data management within the organization. These processes will facilitate communication of all stakeholders of the company. This will also be helpful in ensuring of accuracy of data on sustainability corporate responsibility and also improve on the reliability of data.
The data management within the company should be liable for production of reliable performance data. The company should aim for maximization of opportunities to help the management make more informed and viable decisions. The company should reinforce the systems of data management. This should include performance reporting and controls within the organization. These measures will help improve on accuracy, consistency in the company’s best practices and provide fullness of the company’s undertakings and performance data (Idowu and Leal Filho 2009).
Ultimately, Samsung Company should adopt strategies and corporate responsibilities aimed at getting full trust of its customers and those that give positive impact to the environment. Going by the company’s vision ‘Inspire the world, Create the Future’, the company should adopt a wide range of responsibilities that realize the impacts they have on the society at all levels. The company should critically analyses the corporate risks and opportunities associated with each and every business practice their company undertakes in its daily operations.

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