Warby Parker

Definition

Warby Parker is an American online retailer of prescription glasses and sunglasses, which emphasizes a socially responsible business model by providing a pair of glasses to someone in need for every pair sold. This approach aligns with the company's commitment to stakeholders by integrating philanthropy into its core business strategy.

Related terms

Corporate Social Responsibility (CSR): A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Stakeholder Engagement:

The process by which an organization involves people who may be affected by the decisions it makes or can influence the implementation of its decisions.

Social Entrepreneurship:

A practice by companies that develop, fund, and implement solutions to social, cultural, or environmental issues