Business Case

Question 1

What is the Business case?

Answer 1

it refers to the rationale and arguments supporting and documenting why the company should accept the CSR cause > Carroll and Shebana

Question 2

What is the importance of the business case

Answer 2

increases chances of csr being accepted

part of good management practice

Question 3

What are the arguments for the business case and who are they by?

Answer 3

carroll and shebana 
resources
businesses long term interest 
ward off future government regulation
Elkington: triple bottom line

Question 4

What are the arguments against the business case?

Answer 4

lacks of skills intelligence
friedman: companies should focus only on profit maximising
Csr dilutes the primary purpose of being an organisation (Hayek, 1969)

Question 5

Examples of the business case being useful

Answer 5

Different industries, countries and different dimensions of CSR all suggest a link can be made between CSR and financial performance
VW: failed emissions tests caused drop in sales in 11 years in 2016 (trotman, 2016)
BP met its targets for greenhouse emissions at twice the rate specified - the company operationally saved 250m dollars

Question 6

Examples to support: and name three of each

Answer 6

Arthur D Little benefits in 8 areas:
reputation management 
risk taking
license to operate
ACCA study Hopkins found that there are issues in 6 areas and is yet to find a stong link: 
importance of reputation 
access to finance 
recruiting and motivating