Evaluation Essay on JP Morgan Chase Bank

Introduction

JP Morgan Chase Bank is endowed with a corporate social responsibility policing strategies that are capable of supporting the growth in the business objectives in this worldwide car industry. The theory of corporate social responsibility established by Carroll brings out the mutual influence that the business intertwines alongside its stakeholders. Stakeholders are considered as the individuals or groups who tend to have some interest in the already established activity. The stakeholders' investment in the bank is mainly pegged on the application of the automobiles, sales, and the manufacturer in the same bank. For instance, the bank must first satisfy the needs of the community by reducing any chances of damage to the environment by minimizing the adverse effects caused on the situation from the process of production in the bank.

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Based on the fact that the bank is a global leader in the automobile industry, it must ensure that the corporate social responsibility employed in the market has the guts to meet the expectations of the stakeholders therein (Swanson & Orlitzky, 2017). The same CSR must also be in a position to support the growth in business and the realization of the mission and vision of GM. There exists a different structure in the stakeholder composition in the company because of the global scope of the automobiles industry and market. Nevertheless, the bank's CSR strategy is mainly applied in all through the organization because of the shared interests that can be easily detected by the stakeholders. For instance, the bank employs the theme of sustainability to help come up with a reasonable form of CSR approach in one way or the other (Wen & Song, 2017). The CSR on sustainability seeks to address the applicable concerns by the customers and the other communities based on the impacts created by the environment on the operations of the bank.

The harmonized CSR strategy that brings out the corporate citizenship by establishing suitable programs would come a long way in the benefiting of both the businesses and the stakeholders in a similar manner. The bank has a bank believes that its CSR initiatives are satisfactory although some few improvements must be made to help optimize the operations of the bank. In the case of the environment, the bank may undertake to eliminate the use of harmful chemicals and also to assist in the recycling process to avoid wastes in the community. Other areas of concern could include the protection of human, animal rights and the aid to the homeless and the families suffering from poverty and hunger (Swanson & Orlitzky, 2017). Donations done either directly or indirectly can help in the public promotion and advertising to support the bank build a strong CSR with the immediate communities.

Conclusion

In summary, JP Morgan Chase Bank is well endowed with lots of resources and human resources to help in the stiff competition in the finance industry in America. The CSR on manageability tries to address the real worries by the clients and other networks in light of the effects made by nature on the tasks of the bank. The blended CSR technique that draws out the corporate citizenship by building up reasonable projects would make some fantastic progress in the profiting of both the organizations and the partners in a comparable way. The bank has a bank conviction that its CSR activities are agreeable albeit approximately couple of changes must be made to help streamline the tasks of the bank. The bank may embrace to dispose of the utilization of unsafe synthetic compounds and furthermore to aid in the reusing procedure to keep away from squanders in the network. Different zones of concern could incorporate the insurance of human, every living creature's common sense entitlement and the guide for the destitute and the families experiencing neediness and craving. Gifts did either straightforwardly or in a roundabout way can help in general society advancement and publicizing to aid the bank form a strong CSR with the prompt networks.

References

Swanson, D. L., & Orlitzky, M. (2017). Toward a conceptual integration of corporate social and financial performance. In Handbook of integrated CSR communication (pp. 129-148). Springer, Cham.

Wen, J., & Song, B. (2017). Corporate ethical branding on YouTube: CSR communication strategies and brand anthropomorphism. Journal of Interactive Advertising, 17(1), 28-40.