Presentation mm2021
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CORPORATE SOCIAL RESPONSIBILITY -
A CASE STUDY OFCATHAY PACIFIC AIRWAYS
MM2021 - TUT006 - Group 312102347D BUATON, Hon Ming Herman12102262D SIT, Long Shing12101433D WU, Kit Sing12101937D YUEN, Hoi Ying Winnie
Tuesday, 12 November, 13
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CORPORATE SOCIAL RESPONSIBILITY﹣DEFINITION
- Classical View- Maximize profits = Maximize Social Surplus
- Socio-economical View- “Go beyond” making profits- Improve social welfare- Involve in Social / Legal / Political issues
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CORPORATE SOCIAL RESPONSIBILITY﹣DEFINITION
- Vaaland, et. al (2008) [1]Corporate social responsibility (CSR) is:“management of stakeholder concern for responsible and irresponsible acts related to environmental, ethical and social phenomena in a way that creates corporate benefit”
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CATHAY PACIFIC AIRWAYS﹣BACKGROUND
- a Hong Kong-based airline- Founded in 1946- Serving more than 100 destinations- As of 2011,
- 27.6 million passengers- 1649000 tonnes of cargo- HK$5.5billion attributable profit
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CORPORATE SOCIAL RESPONSIBILITY﹣WHY?
- Public Expectation
- Corporate Identity & Brand Image
- Organizational Performance
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WHAT DO YOU EXPECT CATHAY PACIFIC AIRWAYS
ACHIEVE IN CORPORATE SOCIAL RESPONSIBILITY?
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CORPORATE SOCIAL RESPONSIBILITY﹣PUBLIC EXPECTATION
- Environmental Protection- Age & Environmental Awareness
- Negative related
- Social Class & Environmental Awareness- Positively related
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CORPORATE SOCIAL RESPONSIBILITY﹣PUBLIC EXPECTATION
- Responsibility in Local Community- >60% of Public expect Business be “responsible”- Expect better CSR in the future
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS
AviationEducational
EnvironmentalMedical
Volunteering
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS- CSR Steering Committee
- Senior managers- From 18 departments and subsidiaries.
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS- Environmental aspects
- “Fly Greener”- Carbon offsetting- Encourage customers to pay for pollution- Support CO2 emissions reduction projects
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS- Aviation and Education aspects
- “I Can Fly”- Recruit teenagers that interested in aviation- Visit aviation facilities- Commit in Social Service
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS- Volunteering aspects
- CX Volunteer Team- 4037 hours of volunteering in 2011- Visit elderlies & disadvantaged children- Work in local community
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS- Others:
- “Green Explorer” program- Sponsor ORBIS- UNICEF “Change for Good”- Fundraising for victims of natural hazards
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CORPORATE IDENTITYOverall images of diverse public
“WHO we are?”“WHERE we are going”
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CORPORATE SOCIAL RESPONSIBILITYAND CORPORATE IDENTITY
Stronger Corporate Image Attractiveness!!
Attract more possible investors!!! Develop sense of connection!
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CORPORATE SOCIAL RESPONSIBILITYAND CORPORATE IDENTITY
- as Marketing Strategies- Improve Brand Reputation
- Greater social impact- Brand’s comparative advantages
- Business Development- Better business environment- Facilitate long-term development
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CORPORATE SOCIAL RESPONSIBILITYAND CORPORATE IDENTITY
- Customers’ buying intentions- Higher willingness of making purchases
- Employees’ job satisfaction- Better brand image- Employee proud of their work- Loyalty to company
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CORPORATE SOCIAL RESPONSIBILITYAND CORPORATE IDENTITY
- A short summary:- Maintain distinctive ethical values- Socially-responsible commitment- Green Marketing
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- “Fly Greener”- Demonstrate environmental awareness- Customers’ buying intention
CORPORATE IDENTITY & CSR﹣APPLICATION OF CX
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CORPORATE IDENTITY & CSR﹣APPLICATION OF CX
- Fundraising activities- Display concern of the society and the world- “Global Citizen”- As marketing strategies
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PERFORMANCETeam Performance
Financial Performance
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CORPORATE SOCIAL RESPONSIBILITYAND PERFORMANCE
- Team Performance- Team Self-efficacy and Self-esteem- Legal Citizenship- Self-worth in society- Team membership
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CORPORATE SOCIAL RESPONSIBILITYAND PERFORMANCE
- Financial Performance- Better Brand Reputation
- Differentiation of Products- Increase Price-earnings Ratio
- Higher Team Efficiency
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CORPORATE SOCIAL RESPONSIBILITYAND PERFORMANCE
- Value of Intangible Assets- Attract better human capital- Greater innovative capability
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PERFORMANCE & CSR﹣APPLICATION OF CX
- CX Volunteer Team- Employees’ participation- Be representatives of CX- Employees’ team membership
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PERFORMANCE & CSR﹣APPLICATION OF CX
- “I Can Fly”- Identify potential talents- Consolidate their interests
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS- Strong CSR
- Diverse CSR- Meet Public Expectation- Clear Corporate Identity & Better Brand Image- Team & Financial Performance
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS- Possible Drawbacks
- Motive- Lost of Focus
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CORPORATE SOCIAL RESPONSIBILITYIN CATHAY PACIFIC AIRWAYS- Potential Improvement
- More Responsibility on Carbon Offsetting- Improve Employees Welfares- Expand the Target Group
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REFERENCEDeborah Rolland, Jana O'Keefe Bazzoni, (2009) "Greening corporate identity: CSR online
corporate identity reporting", Corporate Communications: An International Journal, Vol. 14 Iss: 3, pp.249 - 263
Lin, C., Baruch, Y., & Shih, W. (2012). Corporate social responsibility and team performance: The mediating role of team efficacy and team self-esteem. Journal of Business Ethics, 108(2), 167-180.
Sebastian Arendt, Malte Brettel, (2010) "Understanding the influence of corporate social responsibility on corporate identity, image, and firm performance", Management Decision, Vol. 48 Iss: 10, pp.1469 - 1492
Tang, Z., Hull, C. E., & Rothenberg, S. (2012). How corporate social responsibility engagement strategy moderates the CSR-financial performance relationship. Journal of Management Studies, 49(7), 1274-1303.
Vaaland, T.I., Heide, M. and Gronhaug, K. (2008), “Corporate social responsibility: investigating theory and research in the marketing context”, European Journal of Marketing, Vol. 42, pp. 927-53.
Cathay Pacific (2012), En route to Sustainability - Sustainable Development Report 2011, from http://downloads.cathaypacific.com/cx/aboutus/sd/2011/index.htm
Background photos from http://www.cathaypacific.com
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