Select an organization with business in Saudi Arabia or a Saudi Arabian organization for which you currently work or have worked, or with which you have interacted as a stakeholder. Describe how that business does or does not communicate and practice corporate social responsibility, corporate citizenship, sustainability, creating shared value, and conscious capitalism. Explain what your selected business does well and what could be improved. Be sure that you accurately answer the following questions in your analysis:
If sustainability is not part of the strategic plan, how should sustainability be incorporated in the strategy of the firm?
If sustainability is part of the strategic plan, how might the firm improve its sustainability actions?
Does the business practice corporate social responsibility, corporate citizenship, creating shared value, and conscious capitalism whether documented in a formal plan or not? Explain.
How does leadership express its corporate commitment to sustainability? How does leadership fail to express its corporate commitment to sustainability?
Your well-written paper should meet the following requirements:
Be 4-5 pages in length, which does not include the title or reference pages, which are never a part of the minimum content requirements.
Use APA style guidelines.
Support your submission with 5 references and citation.
Requirements: 4-5 pages
Answer preview
SABIC is considered to be one of the most established and complex organizations in Saudi Arabia. However, it has established a good reputation for doing what is right for its business, stakeholders, and employees and creating an investment plan for the surrounding communities where the company operates by creating an environmental, social, and economic value (Scherer et al., 2016). The organization’s top agenda on Corporate Social Responsibility is based on four priority areas: water and sustainable agriculture, science, technology education, health and wellness, and environmental protection (Scherer et al., 2016). It also provides special assistance to people who need these services the most. These four key areas contribute to the ten percent of United Nations Sustainable Development Goals. Furthermore, in 2019, SABIC initiated an investment of about 15.6 million dollars used in corporate social responsibility projects, developing brands and turning principles into actions.
