- Public Requirements: ...
- Favourable For Business: ...
- Moral Justification: ...
- Socio-Cultural Norms: ...
- Business Can Shoulder Responsibility: ...
- Responsibility Must Correspond With Power: ...
- Public Image: ...
- Government Regulations:
Some of the most commonly heard arguments against CSR you will hear include: Businesses are owned by their shareholders – money spent on CSR by managers is theft of the rightful property of the owners . The companies that focus most on CSR are not successful businesses in the marketplace .
Which of the following is an argument in favor of corporate social responsibility? The correct answer is Discourages government regulation . Social responsibility happens when a company, voluntarily, decides to adopt postures, behaviors or promote actions for the benefit of its internal or external public.
The term corporate social responsibility (CSR) refers to practices and policies undertaken by corporations that are intended to have a positive influence on the world. The key idea behind CSR is for corporations to pursue other pro-social objectives, in addition to maximizing profits .
Arguments for increased social responsibility: 1. Because business is part of our society, it cannot ignore social issues . ... Socially responsible decision-making by firms can prevent increased government intervention, which would force businesses to do what they fail to do voluntarily.
What are the advantages of CSR?
- better brand recognition.
- positive business reputation.
- increased sales and customer loyalty.
- operational costs savings.
- better financial performance.
- greater ability to attract talent and retain staff.
- organisational growth.
- easier access to capital.
- Environmental Responsibility. ...
- Ethical Responsibility. ...
- Philanthropic Responsibility. ...
- Economic Responsibility.
CSR therefore covers a broad spectrum of issues that must be taken into account in business conduct. This includes working conditions, human rights, the environment, preventing corruption, corporate governance, gender equality, occupational integration, consumer interests and taxes .
The concept of CSR represents an extension of the ongoing debate about the role of business in society. Two opposing perspectives to CSR have emerged resulting from different interpretations of the role of corporations in society— business view and societal view .
Any doubtful social benefits from CSR are outweighed by the losses to society in other areas. ... This deflects blame for problems caused by corporate operations away from the company , and protects companies’ interests while hampering efforts to tackle the root causes of social and environmental injustice.
What is CSR and its importance?
CSR stands for Corporate Social Responsibility and is a business’s approach to sustainable development by delivering economic, social and environmental benefits. It also encapsulates the initiatives by which a company takes responsibility for its effect on social and environmental well being.
What is CSR and examples?
What is CSR and examples? CSR is where businesses look at how they can better serve society as a whole , thereby improving its public image and relations. Examples include Google that invested $1.5 billion into renewable energy, and Disney which invested $100 million in children’s hospitals.
What is CSR in simple words?
Corporate social responsibility (CSR) is a company’s commitment to manage the social, environmental and economic effects of its operations responsibly and in line with public expectations. ... CSR activities may include: Company policies that insist on working with partners who follow ethical business practices.
If social responsibility is maintained within a company, then the employees and the environment are held equal to the company’s economics .
Social responsibility is the recognition that business activities have an impact on society and the consideration of that impact in business decision-making . ... Social problems affect society in general; so individual businesses should not be expected to solve these problems.
Reality of social responsibility: Reality of social responsibility is that, despite differing arguments relating to social responsibility, business enterprises are concerned with social responsibility because of the influence of certain external forces.
