Malek is a CEO of a successful company who is incline to help the society in SYRIA. He created Corporate Social Responsibility Department (CSRD) to distribute the company’s profit to buy food for the underprivileged. He recently realises that creating CSV is much more beneficial to CSR. a) How does Corporate Shared Value (CSV) bring more benefits to the business, society and the environment compared to Corporate Social Responsibility (CSR)?

Malek is a CEO of a successful company who is incline to help the society in SYRIA. He created Corporate Social Responsibility Department (CSRD) to distribute the company’s profit to buy food for the underprivileged. He recently realises that creating CSV is much more beneficial to CSR. a) How does Corporate Shared Value (CSV) bring more benefits to the business, society and the environment compared to Corporate Social Responsibility (CSR)?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Malek is a CEO of a successful company who is incline to help the society in SYRIA. He created Corporate Social Responsibility Department (CSRD) to distribute the company’s profit to buy food for the underprivileged. He recently realises that creating CSV is much more beneficial to CSR. a) How does Corporate Shared Value (CSV) bring more benefits to the business, society and the environment compared to Corporate Social Responsibility (CSR)? b) Instead of providing food, how does Malek creates CSV to build supportive industry for advancing social and economic conditions in Syrian communities towards future sustainability?
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Corporate social responsibility (CSR) is a type of business self-regulation with the aim of being socially accountable. There is no one "right" way companies can practice CSR; many corporate CSR initiatives strive to positively contribute to the public, the economy, or the environment. In today's socially conscious environment, employees and customers place a premium on working for and spending their money with businesses that prioritize CSR. Critically evaluate the extent to which Strathmore University can benefit from corporate social responsibility. In your response recommend some of the CSR initiatives which Strathmore can undertake.
Suppose your city is debating a change in policy from illegal use to legalizing recreational use of marijuana and cannabis products. Your local officials ask you to identify the appropriate aspects required to perform a cost- benefit analysis of this policy change. Using the principles of cost-benefit analysis, your local officials need help in identifying and understanding the benefits to consumers, the benefits to producers, total costs to consumers, total costs to producers, total costs from possible externalities, opportunity costs, incommensurable effects and intangible effects. For simplicity, dynamic time effects, which involve discount rates, are ignored. Following the principles of cost-benefit analysis, are the possible positive health effects (a positive externality) accounted for in cost-benefit analyses? O No. The health effects do not factor into cost-benefit analysis. O Yes. The health effects should be estimated but are a transfer and thus ultimately do not count…