ENVIRONMENT OF BUSINESS 2
ITC Ltd is one of the top four leading companies in India for the production of the Tobacco related products. The company is being attributed for having accepted different products that has contributed to a continuous flow of revenues. Diversification of the products that are produced have enable the company remain relevant in the global market. Further, this move has ensured that the company is not overtaxed. Tobacco products more so cigarettes are taxed more in order to decrease their consumption. The company has been on the forefront in ensuring that bit has upheld the Corporate Social Responsibility.
These are acts and programs that the company cares about the society where they are established. For instance, the company was indulging in programs such as provision of water that is equal to three times nor more of their consumption. India is one of countries that have limited supply of adequate water for drinking as well as basic consumption. The company is also looking for means that will ensure that that the product that are produced are less harmful and will not contribute to the harmful health effects to the consumers. Other attributes that are given concerning the firm is that it is working in coordination with other stakeholders.
The strengths that are associated with the company’s CSR the fact that the firm is enjoying the support of the shareholders. Therefore, there is a high likelihood that the programs that are suggested will succeed. Another strength is that that the firms’ leaders.