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Caux Round Table Principles for Business - Essay Example

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This research is being carried out to critically evaluate the business and in doing will carry out an analysis of its strengths and weakness using the Paine checklist based on principles for business assessment…
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Caux Round Table Principles for Business

Download file to see previous pages... The researcher states that the general business’s objective is to keep prices low as to give the highest quality services to the customers. In consideration, the business uses its resources effectively and prudently to benefit the business and the community in a whole that rank with a score of 5. It conducts its business with faithfulness and keeps its promises to the stakeholders and its level of adherence amounts to 4 by 3 that equals 12. Lastly, it creates value for its stakeholders as it adheres to domestic and international laws amounting to a score of 3 each in three categories that amounts to 9. The total amount of the score on the general principles equals to 26. The company seeks to improve customer satisfaction daily both on goods and services offered. They treat customers with respect, which is an added advantage of maintaining potential clients while converting the first time clients to frequent ones. Whenever possible, they communicate with our clients on the needs to be met urgently and what could wait for fairly that amounts to a score of 3 and 3 in providing quality that enhances customer requirements. This ensures that our clients’ needs are attended to and consequently boost their satisfaction towards our services. Using the Paine checklist, our score is outstanding ranking at score 4 as they offer quality that meets customer requirements. Still, the score aims at minimizing adverse safety and health impacts and communicate them to clients when appropriate. The total score amounts to 14. As mentioned, the company is a family owned business owned by the author’s father at present. At the present, they have no investors but they hope to have them in the future. Although the score ranks the least, they hope to score the highest score as per Caux roundtable checklist. The table checklist interprets the score as the least with a score of 1 as it does not respect investor’s input to the business. ...Download file to see next pagesRead More
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