BUS 400
Module Eleven-Discussion
Southern New Hampshire University
My Invention is with LG Company. LG policy on DEI is by fostering and advancing a culture
that empowers their employees – the first and foremost customer. It enables them to practice
‘people-oriented management’ and ‘customer-value creation’ upholding ‘LG Way.’ The actions
that LG takes is all individuals’ diverse backgrounds, ideas and points of view are fully
respected; all individuals are given equitable access, opportunity, resources, and power to thrive;
all individuals feel included, connected and valued. The actions that I would take is to insure that
with every new and old invention that LG doesn't put DEI on the back burner and stick by their
policies.
To ensure that a diverse team was assembled was assembled I would want to make sure every
possible candidate was looked at and what they could bring to the project, including outside
perspectives. Their CSR mandate is also fairly widespread and encompasses their entire global
plan. They have some very lofty plans in some areas, like India. They have gotten a lot of
criticism for their buying of municipal water very cheap to the detriment of areas, including
drought stricken areas. My new product would allow people to make beverages in the home and
use their own water without having the local water shipped away or bottled.
One thing Schwab has done for investors is create a socially responsible means to invest money.
Schwab oversees and hosts more than 500 mutual funds and 200 ETF funds that solely support
Socially responsible companies Schwab, 2023). Though the products and services promote
social responsibility, I do not see anything in their mission statements about how socially
responsible they are in their corporate offices and day to day activities. This may be an area of
improvement. My product in development for my project will align nicely with the mission and
availability of socially responsible operation and investing. Specifically my creation will
eliminate the need for paper and minimize the need for physical office space and the use of
resources that are required for office operations.
LG's CSR is LG is making LIFE's GOOD for people. Based on this brand ethos, we create
meaningful CSR initiatives to create a better environment for people. Our CSR programmes are
aimed at eradicating hunger, providing healthcare to underprivileged section of society &
welfare of Armed forces & their dependents. Having this type of CSR in place helps their profits
because customers know that when they buy LG product they aren't just helping the company but
also helping the community in many ways. The invention that I made with LG algins with their
CSR, it really helps the community save money on food and electricity, that can be put back into
the community.
LG Energy Solution’s diversity, equity and inclusion policy. (n.d.).
https://www.lgensol.com/assets/file/LGES_Diversity,EquityandInclusionPolicy_EN.pdf
Corporate Social Responsibility. LG India. (n.d.). https://www.lg.com/in/lg-india-corporate-
social-responsibility#:~:text=LG%20Electronics%20brand%20philosophy%20is%20making
%20LIFE%27s%20GOOD,%26%20welfare%20of%20Armed%20forces%20%26%20their
%20dependents.
