Summary
Grade 11 Business notes/summary on cooperate social responsibility
- Course
- Institution
- Book
Detailed business notes/summary on cooperate social responsibility (CSR) based off of both textbooks and extra notes taken in class
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
Grade 11 business notes/summary on business environments
-
Grade 11 Business notes/summary on management and entrepreneurship
-
Grade 11 Business notes/summary on professionalism and ethics
Seller
Follow
jordynleem
Reviews received
Content preview
Corporate socialresponsibility
CSR is relationship between the business (corporate) and society
(social) and the degree at which the business impacts the society
In business context
Business is managed to ensure commercial sustainability
(profitability) while meeting society’s expectations of business
contributing to society and environment
adds value to society over and above selling goods / services
king code talks about business
being good cooperate citizen and Engages all relevant stakeholders
that actions show how much they ensuring sustainability of society
care and environment
CSR issues
Crime
Poor housing Poverty
Inequality
Issues Lack of
education
Poor health
Unemployment
services
Environmental
concers
Responsibility
Primary: look after stake holder interests that are affected directly
(employees/shareholders)
Secondary: stakeholders who are indirectly affected
(community/government/environment)
Blowfield and Murry
Determine level of responsibility using a pyramid
, Discretionary responsibility
Ethical responsibility
Legal responsibilty
Ecanomic resposibility
Economic: ensure that it is economically active (produces goods or
services that can be sold at profit) so that employees and
shareholders can benefit
Legal: respecting laws of the country meaning they are a responsible
citizen in broader society
Ethical: making ethical, sound decisions that have no negative
Impact on stakeholders and sustainable future of society and
environment
Discretionary: higher level of simply not harming others. Need to
decide how or what and to whom or what they will give back.
Ensures values are practiced internally and externally.
Arguments
For
Assist community which in return you get support
Helps community increase standard of living
Ensures future generations have recourses
Against
Detracts from core business activities
Money spent is less profit in pockets
If they are not able to meet needs, they are seen in negative light
CSR and sustainable business practice
Programs should be sustainable where focus and impact is long term
for positive change
A sustainable business will:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jordynleem. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.75. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now