Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Create a model of Corporate social responsibility (CSR) that works well with an SME enterprise in the food processing industry.
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- Evaluate the effectiveness of CSR initiatives by discussing the benefits and drawbacks (costs) of implementing CSR strategies for businesses. Include 4 benefits with examples & 4 costs with examplesarrow_forwardCorporate social responsibility (CSR) has become a significant aspect of contemporary management practices. Managers are increasingly recognizing the importance of integrating social and environmental considerations into business operations. CSR involves businesses taking responsibility for their impact on society, beyond just financial performance. Managers play a crucial role in developing and implementing CSR initiatives, which may include ethical sourcing, environmental sustainability, philanthropy, and community engagement. By embracing CSR, organizations not only contribute to societal well-being but also enhance their reputation, build stronger relationships with stakeholders, and create a positive impact on the communities in which they operate. Question: How can managers effectively integrate corporate social responsibility into the core business strategy, and what benefits can organizations derive fron aligning their operations with ethical and socially responsible…arrow_forwardDescribe a business’s social responsibility to its customers. with examplearrow_forward
- When discussing CSR practices, it's important to ensure they serve a double function: a. They should follow efficiency models based on quality management, as well as being approved by the appropriate government bodies. b. They should contribute to society and be considered good business. c. They should be profitable and easy to implementarrow_forwardApply Archie Carroll’s (1991) CSR model to the Future Plc business organization. Apply the four areas of CSR identified by Archie Carroll to Future Plc.arrow_forwardIdentify the businesses that contributed to the contamination and what remediation is taking place today. Provide your thoughts as to what environmental laws were violated and what a business can do to stay compliant with current environmental state and federal legislation.arrow_forward
- The theory of corporate social responsibility proposed by Milton Friedman says a corporation is part of society and needs to participate in promoting the social welfare of the community. O O True Falsearrow_forwardProvide key points the show the link between competitive advantage and corporate social responsibility.arrow_forwardImportance of CSR in businessarrow_forward
- discuss the role CSR plays in business and its effects, if properly applied, on any two areas of the POLC, within business operations. Provide supporting examples.arrow_forwardApply Archie Carroll’s (1991) CSR model to your Future Plc organization and apply the four areas of CSR identified by Archie Carroll to Future Plc organization.arrow_forwardGive 5 simple corporate social responsibility examples that students can participate with.arrow_forward
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