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Evaluating a Corporate-Societal Relationship

The current world economy is increasingly becoming integrated and interdependent; as a result, the relationship between business and society is becoming more complex. In this assignment, you will be researching a Fortune 500 company from an approved company list provided by your professor.
Instructions
Write an evaluation of your chosen company’s performance with respect to its stated values. Do the following:
Summarize the company’s primary products and or services.
Suggest three ways in which the primary stakeholders can influence the organization’s financial performance. Provide support for your response.
Describe two critical factors in the organization’s external environment that can affect its success. Support your assertions.
Assess the company’s biggest success or missed opportunity to respond to a recent or current social issue. How did it impact company performance?
Integrate at least two supporting resources from the Strayer University Library or other reputable sources.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:

Evaluate the relationship between a business and society based on external environmental factors, stakeholders, and corporate social responsibility issues.

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Sample Answer

Here are the steps involved in evaluating a Fortune 500 company’s performance with respect to its stated values:

Choose a company. You can choose any Fortune 500 company from the approved company list provided by your professor.
Research the company’s stated values. The company’s values should be publicly available on its website or in its annual report.
Evaluate the company’s performance against its stated values. This involves looking at the company’s policies, practices, and decisions to see how they align with its stated values.

Full Answer Section

Identify the primary stakeholders. The primary stakeholders are the groups of people who have a vested interest in the company’s success. These stakeholders include employees, customers, shareholders, suppliers, and the community.
Analyze how the primary stakeholders can influence the organization’s financial performance. The primary stakeholders can influence the company’s financial performance by their buying decisions, their willingness to invest in the company, and their support for the company’s policies and practices.
Identify two critical factors in the organization’s external environment that can affect its success. The external environment includes factors such as the economy, the political climate, and the technological landscape. These factors can affect the company’s ability to compete, its access to resources, and its ability to meet the needs of its customers.
Assess the company’s biggest success or missed opportunity to respond to a recent or current social issue. This involves looking at how the company has responded to a social issue that is relevant to its business. The company’s response could be a success or a missed opportunity, depending on how well it aligned with its stated values and how it affected the company’s financial performance.
Integrate at least two supporting resources from the Strayer University Library or other reputable sources. The supporting resources should provide evidence to support your claims about the company’s performance and its relationship with its stakeholders.

Here are some additional tips for evaluating a Fortune 500 company’s performance with respect to its stated values:

Be objective in your assessment. Avoid letting your personal opinions or biases influence your judgment.
Be thorough in your research. Gather information from a variety of sources, including the company’s website, annual report, and news articles.
Be critical in your analysis. Evaluate the company’s performance against its stated values and identify any areas where there is a gap.
Be clear and concise in your writing. Your evaluation should be easy to understand and follow.

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