March 2nd Post
As mentioned in my last couple of blog posts, I have been working on scheduling two interviews with two companies - Microsoft Hong Kong and CK Hutchison. I was able to talk to them over spring break in Hong Kong and below are my summary of our talks!
CK Hutchison
-a huge company - 57 countries, 6 businesses, 300000 employees
-Why do they engage in social responsibility activities?
-They are a listed company and all listed companies have stakeholders and shareholders. They have to please the stakeholders and ensure a growing company that is stable and has no risks.
-It is a win win situation: you help the business and you feel good
How do you help the business?
-Usually the activity is part of the business, what they are already doing
example) HK Grocery Waste
Park n Shop is a huge chain supermarket in Hong Kong, and CK Hutchison has been working with them for a long time, especially about dealing with waste. They created this project where their food waste would go to food angel, a food bank. Food angel used to be very small, but now it has been expanding and started a few locations. This is part of their business yet they created social value and helping many underprivileged
example) Outside of Hong Kong
In Ireland, CK Hutchison sponsored the Irish football games and music concerts. They are able to build the company's image. In these places, tons of data usage, people vlogging, and CK is able to sponsor the data usage in this aspect as this is part of their business. They are supporting their cultural events.
There are also non business related philanthropy projects such as disaster related. This is to take care stakeholders and the employers. There will be a committee that decided where the money will go to. \
Some challenges they face:
-They always have to balance stakeholders. They need to be able to justify and quantify their projects. Why they need to engage in this project, the intended outcome, sustainability etc
-Take care of vocal stakeholders who don't prioritize these activities. Striking the balance.
Benefits:
Internally, there is a very consistent volunteer team of employees. They volunteer weekly. Help company in the long run, collaborative and cohesive environment.
ex) These one time volunteering projects are also related to their business
-teach high schoolers interview skills for less well known industries. Raise awareness of industries such as hotel, pots. Helping their own company
Hong Kong already does a lot, find their own niche that is right for their business and stakeholders.
Legal obligation, huge driving force
There are always room for it, need to be transparent. Do something in the expertise
CK Hutchison
-a huge company - 57 countries, 6 businesses, 300000 employees
-Why do they engage in social responsibility activities?
-They are a listed company and all listed companies have stakeholders and shareholders. They have to please the stakeholders and ensure a growing company that is stable and has no risks.
-It is a win win situation: you help the business and you feel good
How do you help the business?
-Usually the activity is part of the business, what they are already doing
example) HK Grocery Waste
Park n Shop is a huge chain supermarket in Hong Kong, and CK Hutchison has been working with them for a long time, especially about dealing with waste. They created this project where their food waste would go to food angel, a food bank. Food angel used to be very small, but now it has been expanding and started a few locations. This is part of their business yet they created social value and helping many underprivileged
example) Outside of Hong Kong
In Ireland, CK Hutchison sponsored the Irish football games and music concerts. They are able to build the company's image. In these places, tons of data usage, people vlogging, and CK is able to sponsor the data usage in this aspect as this is part of their business. They are supporting their cultural events.
There are also non business related philanthropy projects such as disaster related. This is to take care stakeholders and the employers. There will be a committee that decided where the money will go to. \
Some challenges they face:
-They always have to balance stakeholders. They need to be able to justify and quantify their projects. Why they need to engage in this project, the intended outcome, sustainability etc
-Take care of vocal stakeholders who don't prioritize these activities. Striking the balance.
Benefits:
Internally, there is a very consistent volunteer team of employees. They volunteer weekly. Help company in the long run, collaborative and cohesive environment.
ex) These one time volunteering projects are also related to their business
-teach high schoolers interview skills for less well known industries. Raise awareness of industries such as hotel, pots. Helping their own company
Hong Kong already does a lot, find their own niche that is right for their business and stakeholders.
Legal obligation, huge driving force
There are always room for it, need to be transparent. Do something in the expertise
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