Corporate Social Responsibility Plan Research Paper

Corporate Social Responsibility Plan - Research Paper Example to the need to incorporate these plans directly into corporate social responsibility and so the plans are implemented isolated differently from corporate social responsibility plans. Until such a time that the corporate strategic plans of the company are integrated into the corporate social responsibility plans, the full potential of the company in terms of organizational growth cannot be attained. Nationwide Insurance is certainly in the financial industry, where it is expected to be a major stakeholder in the determination of the investment of people through insurance. Closely related to the background of the role of the company in offering secure investment policies for its clients are the vision and value statements of the company structured. The vision statement of the company is therefore given a â€Å"to become a competitive leader in the provision of risk-free insurance that meets customers at the points of their need†. The vision statement indicates clearly that the major focus of the company is the customer and that the company wants to put the customer first in all its business dealings. Much of the company’s ways of going about its business is directed at achieving the vision of the company. This is however done in a well laid out format that is backed by the use of empirical themes. For example, there is the use of three spheres and the environment, which together makes economic, political, civil society and the environment. In all of these thematic areas, the company tries to give to the customer value oriented service and business product that satisfies the demanding conditions of the company. On a scale of ten therefore, the success rate of programs that are currently in use in line with the four themes could be said to 8 out 10 successful. It was recently discovered that one of the best ways to achieve a holistic goal for all four themes is to make use of corporate social responsibilities (Urwick, 2003). This led to the designing of a series

Organizational Theory Design and Change Essay Example | Topics and Well Written Essays - 250 words - 6

Organizational Theory Design and Change - Essay Example This will improve the quality of the decision making as the interests of all stakeholders are considered and hence all aspects of business have been taken into account during decision making. But if there is power imbalance among the stakeholders then the decision making may be influenced by stakeholders with greater power and the interests of the other stakeholders will be jeopardized. The quality of the decision making and in turn the overall interest of the organization is compromised when there is an imbalance of power among the various groups of organizational stakeholders. Organizational politics can have positive as well as negative impact on an organization. Therefore to manage and gain benefits from organizational politics, it is essential to ensure that there is balance of power among the various stakeholder groups in an organization. Balance of power will lead to alternate views and solutions to various organizational problems form various quarters of the organization. The refore balance of power among various organizational stakeholder groups is vital for the overall success of the organization (Jones, 2009). Works Cited Jones, G. (2009). Organizational Theory Design and Change. NJ: Prentice Hall. Print