Question

case study : LTC TOBACCO COMPANY INDIA

Specifically, the following critical elements must be addressed: II. Analysis of Social Responsibility. In this part of the project, you will begin your analysis of the case study, examining how the strategy plan of the organization in the case study considers social responsibility. a) Analyze the organization’s strategy plan for compliance with the current acceptable standards or norms relative to social responsibility today. b) Analyze the organization’s strategy plan for any gaps in social responsibility that might be potential risks to internal and external stakeholders. c) Predict the potential positive and negative impacts to internal and external stakeholders regarding social responsibility that would result from the strategy plan. In other words, what might happen to the employees and/or people involved in the company regarding social responsibility from this strategy plan? You could consider both the present and future impacts. d) Critique the evolution of strategy planning related to social responsibility within the organization. In other words, what may have influenced the evolution of strategy planning related to social responsibility unique to this organization? e) Explain how this organization is or is not consistent with regard to social responsibility when compared within its own industry and when compared to outside industries. Be sure to justify your response. III. Ethical Decision-Making. In this part of the project, you will continue your analysis of the case study, examining how the strategy plan of the organization considers ethics in decision-making processes. a) Analyze the organization’s strategy plan for decision-making processes that it employs. In other words, based on the strategy plan, how does the organization make decisions? b) Explain how aspects of ethics were considered in the decision-making processes of the organization. In other words, what were the ethical considerations related to social responsibility in the decisions made by the organization? You could consider the connection between ethics and organizational decision making and how ethics influence those decisions.

Answer 1

I believe you are talking about ITC LTD. because there is no LTC LTD in India.

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1.

For ITC LTD, the big drawback is that much of its revenue comes from the world-wide tobacco industry. The taxation of business is growing, and this leads to prices rising / prices continually increasing and income declining. This business is now regarded more negatively, and in the near future this could affect ITC. Of this reason , it is important that ITC continues to expand its business sectors and participate in industries beyond the tobacco industry. It is a socially conscious organization and this is known globally.

It invests heavily in social responsibility and has numerous proposals for environmental and social protection. The business uses the three-fold method to measure its performance which includes, as well as financial , social and environmental determinants. He is a leader in CSR in contrast to other businesses in this field. This is illustrated by its environmental and social change programs in India and worldwide.

2.

There are some holes in the CSR in the company's action program. That is the absence of sustainable development programs. It is mostly because external and internal actors including policy agencies prefer to track and execute sustainable development policies.

3.

Across several sectors of the Indian society ITC LTD 's policy to encourage education as well as preventive health care has a positive impact. However, its strategy of carrying out CSR initiatives at places near it that have a negative impact on regions further away.

4.

One critical aspect is the presence of laws , legislation and legislation relating to environmental conservation in India. CSR policy innovations in ITC LTD have been affected by some factors. These laws affect social responsibility by ITC ltd, as seen by the company's policy of promoting local environmental initiatives.