4.2.9 - CSR

Question 1

Considering Employees

Answer 1

Downsizing, store closures, introduction of new technology (redundancies) -> offering outplacement services to help employees find alternative employment

Question 1

CSR

Answer 1

the ethical conduct of a business beyond legal obligations, and the consideration of social, economic and environmental impacts when making business decisions

Question 2

Considering the general community

Answer 2

Changing suppliers -> Choosing local suppliers to create employment opportunities and improve the local economy

Question 3

Considering the Environment

Answer 3

Introducing new technology -> Purchasing technology that reduces the number of errors in production can minimise the amount of waste a business generates

Question 4

Advantages

Answer 4

+ Improvements to employee satisfaction and motivation
+ Positions business into ‘employer-of-choice’
+ Leads to sustainable future
+ Better business reputation

Question 5

Disadvantages

Answer 5

• Can be time consuming to establish
• Can sometimes be expensive to support ‘non-core’ activities