Tag Archives: Corporate social responsibility

Seeing More than the Bottom Line – Donating 1,000,000 Eyeglasses

Darby

Warby Parker, known for its hipster styled eyeglasses and unique online shopping model, also is a great example of a corporation acting on its social responsibility. The company recently announced that it has sold – and also distributed free of charge – 1,000,000 pairs of eyeglasses through its one-for-one model. The model is similar to that of TOMS Shoes, which donates a pair of shoes to those in need for every pair sold to consumers.

Warby Parker partner in the venture is nonprofit VisionSpring. Based on the number of glasses sold each month, Warby Parker makes the equivalent monetary donation to partners such as VisionSpring, who then trains local residents on how to administer eye exams and sell low-cost eyewear to the community.

VisionSpring focuses on the impact that vision and glasses have on society. The organization estimates that 90% of those living with uncorrected vision are in the developing world and that glasses have the potential to increase productivity by 35% and increase monthly income by 20%. That’s a bottom line we would all like to see.

Group Activities and Discussion Questions:

  1. Show the Warby Parker Web site: warbyparker.com
  2. Show the VisionSpring Web site: http://visionspring.org/
  3. Discuss the business model used by Warby Parker. Why is it successful?
  4. Also discuss corporate social responsibility and Warby Parker’s commitment to promoting good vision.
  5. Show videos:

http://youtu.be/a1PTDXOgIF0

http://youtu.be/5Ox2L05rTC0

http://youtu.be/9OZBlBdJvPk

  1. Divide students into teams. Have each team select a common product and then design a similar social responsibility program for it. (Ex: Toothpaste, detergent, medicine, clothing, etc.)

Source: Brandchannel.com

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Café of Sharing

 

Panera Bread has taken corporate social responsibility to a new level. Although the $3 Billion company donates more than $150 Million in food products each year, it wasn’t personal enough. Co-CEO and founder Ron Shaich has recently made it personal by setting up four Panera restaurants as “pay what you can” cafes.

The concept of pay-what-you-can for food is not a new one, but Panera Bread is putting its corporate weight behind the new initiatives, helping to feed people who need a little extra assistance. The company has just opened its fourth “Panera Cares” restaurant in Chicago; the three restaurants already in operation in other states are even turning a profit, which the company gives to social service organizations that provide job training for at-risk youth. Taking it one step further, the company then hires the youths to work at its restaurants. (The Panera Cares stores work under a Panera Bread Foundation initiative, allowing them to not worry about profitability.)

Pay-what-you-can initiatives are quite simple. At the counter, the menu lists “suggested donation.” Customers can pay the suggested rate, pay more, or pay less – all without any judgment or pressure. There isn’t even a cash register – just a donation box.  In a presentation to Sustainable Brands, CEO Shaich said that about 20% of the customers leave more money than the suggested donation, 60% pay the suggested donation amount, and 20% pay less.

Group Activities and Discussion Questions:

  1. There are several videos which can be used to illustrate this case.  http://youtu.be/XDhDeItnmlI (CEO presentation at Sustainable Brands, 20 min.) and http://youtu.be/Nr6ictr_ABs (CBS news video, 3 min.)
  2. Ask students who has ever served in a food pantry or soup kitchen. What was their experience?
  3. Slides about the Panera Cares project are available at http://www.sustainablebrands.com/digital_learning/slideshow/innovating-philanthropy-paneras-pay-what-you-can-stores
  4. Discuss the concept of Corporate Social Responsibility (CSR) with students. Ask what they think it means and how companies implement CSR.
  5. What should corporate responsibility be to society? Should they address societal problems? How can corporations address societal problems?
  6. Have students review the Panera Cares Web site: http://paneracares.org/
  7. Divide students into teams. Have each team select a company to examine its CSR policies (check companies Web sites).
  8. Next, have each team select another company and design a CSR program for that company. What are the considerations to evaluate for the CSR programs?

Source:  Brandchannel.com, 6/22/12, CBS News

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