Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Managing Corporate Social Responsibility ( CSR ) well will allows an entity or a firm to identify potential risks to the Company and respond to
Managing Corporate Social Responsibility CSR well will allows an entity or a firm to identify potential risks to the Company and respond to areas of performance where they fall behind....it also means they can identify opportunities to differentiate themselves from competitors. CSR can help in drawing shoppers customers to their stores, attract and retain the best staff, make them a partner of choice with suppliers and create value for shareholders On the other hand commentators, other players and critics believe that CSR programs are undertaken by companies to:
a Distract the public from ethical questions posed by their core operations.
b Direct public attention away from other, harmful business practices eg tobacco, alcohol or munitions firms, uncompetitive tendencies and unfair business practices
c Corporations that employ CSR behaviours do not always behave consistently in all parts of the world.
Consider the above discourse and discuss your own balanced views on the subject:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started