PreparationCorporate social responsibility (CSR, also called corporate conscience, corporate citizenship, or responsible business) is a form of corporate self-regulationintegrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with thespirit of the law, ethical standards, and national or international norms. With some models, a firm's implementation of CSR goes beyond compliance andengages in "actions that appeár to further some social good, beyond the interests of the firm and that which is required by law." The aim is to increase long-term profits and shareholder trust through positive public relations and high ethical standards to reduce business and legal risk by taking responsibility forcorporate actions. CSR strategies encourage the company to make a positive impact on the environment and stakeholders including consumers, employees,investors, communities, and others.Every year, Reputation Institute 2 , a private global consulting firm based in New York, invites about 47,000 consumers, across fifteen markets, to participate ina study that ranks the world's one hundred most reputable companies-all multinational businesses with a global presence. One of their recent studies foundthat 42 percent of how people feel about a company is based on their perceptions of the firm's corporate social responsibility (CSR).Your Task1. Select a company (domestic or international) that will be the basis for your research.2. Research the company's record in the area of CSR. Be sure to look at both their domestic and well as international reputation.3. A good place to begin your research is the LibGuide at Rutgers University, e4. Complete a written assignment that contains the following information:1. A brief (one-paragraph) summary of the business you selected.2. According to your research, how does the company rank with regard to CSR? Be sure to provide a source for this ranking!3. Describe specific examples of corporate actions that resulted in this company's ranking.4. Does a company's approach to CSR influence your purchasing decisions? Why or why not?

Corporate social responsibility of the firm is the practice to use their resources to do good in the…

Answered: Your lask 1. Select a company (domestic…

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter5: Ethics, Corporate Responsibility, And Sustainability

Section: Chapter Questions

Problem 11CRQ: What is CSR, and why is it important?

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What is CSR, and why is it important?
Preparation CSR strategies encourage the company to make a positive impact on the environment and stakeholders including consumers, employees, investors, communities, and others. Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, or responsible business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and national or international norms. Your Task 1. Select a company (domestic or international) that will be the basis for your research. 2. Research the company's record in the area of CSR. Be sure to look at both their domestic and well as international reputation (if any). Complete this assignment that contains the following information: 1. A brief (one-paragraph) summary of the business you selected. 2. Describe specific examples of corporate…
Corporate Social Responsibility (CSR) refers to a company's commitment to taking actions that benefit society beyond its core business activities and profit generation. It encompasses a wide range of initiatives aimed at environmental sustainability, ethical labor practices, community development, and philanthropy. By engaging in CSR activities, companies can build positive reputations, enhance employee morale, and contribute to the well-being of the communities in which they operate. How can a company strike a balance between maximizing profits for shareholders and fulfilling its CSR obligations to society and the environment?
Corporate Social Responsibility (CSR) is extremely important to organisations today. State two (2) international companies that have demonstrated excellent CSR. State clearly the activities which were undertaken and the parties involved
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.
Corporate Social Responsibility (CSR) refers to a business approach that integrates social and environmental concerns into its operations and interactions with stakeholders. CSR involves initiatives aimed at addressing social issues, promoting sustainability, and contributing to the well- being of communities. These initiatives may include philanthropy, environmental sustainability efforts, ethical business practices, employee volunteer programs, and community development projects. Implementing CSR practices can enhance a company's reputation, attract socially conscious consumers and investors, and foster long-term business sustainability. Question: How does corporate social responsibility contribute to the overall reputation and long- term sustainability of a company?
Explain what is meant by the term corporate social responsibility (CSR) and explain how CSR relates to the topics of both governance and ethics.
What is corporate social responsibility? Explain how having a corporate social responsibility policy could help a new company and describe at least one social responsibility policy that a new company may want to implement
Shaanxi mining Company (GH) Ltd. is a Chinese mining company operating in Ghana. Using relevant examples discuss four (4) factors that might propel Shaanxi to engage in Corporate Social Responsibility (CSR).
What unethical business practices were involved in the Wells Fargo incident? Give examples and demonstrate detailed ethical reasoning using ethical reasoning and relevant factual information
Identify each level of CSR based on Carroll’s CSR Framework.
Mangement Corporate social responsibility (CSR) is a management concept whereby companies integrate social and environmental concerns into their business operations and interactions with stakeholders. It involves taking responsibility for the impact of the company's activities on society and the environment, beyond legal obligations and economic considerations. CSR initiatives may include philanthropic efforts, environmental sustainability initiatives, ethical labor practices, and community engagement programs. By incorporating CSR into their business strategies, organizations can enhance their reputation, build trust with stakeholders, attract and retain talent, and contribute to the well-being of society. Key components of effective CSR include transparency, accountability, stakeholder engagement, and measuring and reporting on social and environmental impacts. Question: How can organizations develop and implement meaningful CSR strategies that align with their values, goals,…

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