Corporate Social Responsibility Flashcards
Why should businesses and individuals have important citizen ship rose to fill?
Many socio economic problems and challenges
What is the corporate world acknowledging?
It’s responsibility towards the society in which it operates
What does everybody in a country have the role of playing?
Maximising the potential of our resources
What are individuals and businesses have the duty to contribute towards?
Building the economy and helping people in their communities to live the best life
What does EAP stand for?
Economically active population
What does an individual of the EAP contribute towards?
Creating products and services which provide jobs and build the economy
What jobs are aimed at helping the community?
Teachers, social workers and medical staff
How can individuals make a difference?
Volunteering or helping out at churches, community centres in our treat
Why do many businesses have corporate social responsibility departments and have specific projects?
It counts towards their Intergrated Reporting
What does corporate social responsibility departments do for public companies on the JSE?
It enhances their FTSE/JSE responsible investment index series points
What do you small businesses assist with?
Non-government organisations and community based organisations
What is JSE stand for?
Johannesburg securities exchange
What is NGO stand for?
Nonn government organisations
What does CBO stand for?
Community-based organisations
What does good corporate citizenship involved?
Responsible action is being taken by business in terms of economic involvement, for sending legal obligations and acting in an ethical manner
What does corporate citizenship make donations?
Maze charitable donations and encourages employees involvement in poor communities
Why is it not enough for them to be responsible corporate citizen?
Focused on self interest through public relations
Why do businesses in third world countries find themselves in a difficult position?
Expectations from society are traditionally not responsible of the commercial centre but the government
What rights do citizens have?
Social rights, civil rights and political rights
What is social right?
Do you have access to proper infrastructure and other public services
Why is large corporations required to take the responsibility for helping provide basic needs?
The government cannot provide for it alone
What does civil rights?
The state insures the freedom Of movement and protection 
What is political rights?
The right to vote, to lobby and participate in political actions
Due to large corporations not being involved in civil and political rights. What can they do?
Insure the government is for filling its obligations to respect the rights of the citizens
What can corporations be regarded as in right?
Negotiators and problem-solving is on behalf of the citizens
What does a responsible citizen require with resources?
Act in a manner for the resources of the country by limiting pollution auntie responsible use of new technology
What should corporations be held accountable for?
For their actions
What is the challenge in terms of corporate social responsibility?
cheque-book approach of CSI to an involvement approach of giving skills, time and every day if it to make a difference
What is the difference between CSR and CSI?
CHR is the moral obligation to help and CSI is the actual capital, resources and labour
Let’s do the challenges affecting the need for CSI in South Africa
Book
Positive impacts of CSI
- Job creation
- Production of goods and services
- Education, training
- Nurturing social interaction - workplace
- Promoting inclusion, acceptance diversity
*Encourage entrepreneurship
Who is preaching the importance of corporate social responsibility?
Organisations on the GSE adhering to the FTSE/JSE as well as multinationals
What leads to conflict?
Different interest groups and the morrow or financial demands
Why does different morrow or financial demands create conflict?
Serving the interests of one’s party may be detrimental to the other party
What is the organisations primary social responsibility?
The business itself which consist of owners, employees, suppliers, consumers and competitors
What is the broader social responsibility towards?
Activities aimed at the At the country and the local community 
Who are the owners?
They have can’t you be to capital towards the business venture. They have direct interest in the financial performance. Impact value on investment
What are the employees?
At all levels have an interest in the financial performance which impacts their remuneration
Who are the suppliers?
Suppliers of raw material, capital goods and financial resources. Expect prompt payment from business.
Why may supplies expecting prompt payment from business be a conflict with the businesses interest?
The business is interest of delaying payment to create a better cash flow and financial Performance. If business delay is too long suppliers cannot survive 
Who are the consumers?
Have expectations in terms of the good quality products that will be available at a very reasonable price.
What should a business consider when packaging products for the consumers?
It’s a consider aspects such as environmental impact when the packaging is disposed of as well always convenient and appearance
Who are the competitors?
Businesses selling other brands or substitute products.
Why won’t business include counterfeit goods?
Corporate social responsibility
What does businesses do in mind of the consumer?
Spent a large amount of money developing successful products and establishing their brand
What happens when a brand become successful?
It may become the target of counterfeiting activities
What does the world trade organisation define intellectual property as?
Rights given to individuals over the creation of their minds
What does the rights of intellectual trade attach themselves to you?
Work of art, literary work or industrial business
What does the government have an interest in?
Businesses operating in the country
What does The government use tax from businesses for? 
To create infrastructure and an environment that stimulate more business operations
Why should a business create a tax system?
To increase national income levels to their maximum without overburdening the sector
What has broader governments objectives of transformation prompted the government to address?
Issues of social responsibility through various pieces of legislation
Name the broader community
• Ecological control and nature conservation without harming local communities
• Sponsor ship for sports activities
• Creation of infrastructure
• Upliftment of poor through training and development initiatives – improve literacy rates
• Health and safety
• AIDS and Covid prevention and treatment
• Anti-drug abuse campaigns
• Air, water and noise pollution 
Name the arguments in favour of CSR
• Society will encounter socio-economic problems – ultimately have detrimental affect on business
• Moral duty of business to lend a helping hand when I can
• The government were less likely in force the issue through legislation
• Promote the image of the business and gain good wall
• Making a difference three job creation and improving the general standard of living
• React more swiftly and adapt to providing assistance during lockdown 
Name of the arguments again CSR
• Providing goods and services to meet the needs
• Shareholders are the only real stakeholders – invested financially
• Employees are remunerated on how well business targets are met – CS our distracts from real responsibilities
• Spending money means that the business must recover it somehow which leads to higher prices and inflation
• May create expectations with the people of the community which ends in devastating results when expectations are not met
• Does not always lend it self to sustainable development in communities 
How can businesses see if they are part of the solution instead of the problem?
Look at specific impact they are having on community
Name the two solutions
General solutions
Specific solutions 
What are the general solutions?
• Manufacturing businesses – how do use raw material and impact on environment
• Businesses must assess whether supporting employees adequately – good remuneration, employment policies, cultural sensitivity
• Must analyse products and services – inferior products can harm customers, illegal activities
• How and where businesses enquire input material 
What does the specific solutions consist of?
Environmental, labour and ethical issues
What are environmental issues?
Global warming, carbon footprint and other threats need to be apology gender. Small contributions help save the planet
Name small contribution that are helping the planet?
Recycling, green energy, green buildings, reduced packaging, using recyclable materials
What a labour issues?
Businesses work within the confines of the labour law in the LR a and BCEA. Change sure they always up-to-date with new amendment
What is the trade union movement?
Management must ensure they communicate with a trade union representative – protect rights of workers
What are ethical issues?
Profit driving force in competitive global market. Many shortcuts on quality, working conditions, benefits, environmental consideration.
What does ethical issues consist of? 
Piracy and plagiarism
What is piracy?
Illegal copying and selling of books, information, music, movies or any other intellectual property which is residences
Why do people and businesses register copyright on ideas, products or production?
In order to benefit from selling them
What are symbols used to register and is protected by law?
Patents and trademarks
What is plagiarism?
Illegal use of information that does not necessarily mean the taking of registered materials
What does plagiarism result in?
Bad publicity and possible court cases
Name designing external CSR programs
• Look after the primary stakeholders and ensure business remain sustainable
• Size and profitability of business must be kept in mind before pledging to many resources
• Type of business is important
• Needs within the community 
How do you make a difference in the long term?
Set up structures to enable the community to stop becoming self-sufficient
What are sustainable projects?
Process is set up to ensure that the project continues
What was the agenda for sustainable development adopted by?
United nation member states
What does the 2030 agenda for sustainable development to provide?
I shared a blueprint for peace and prosperity for people on the planet
How many sustainable development goals are there?
17 goals which are an urgent call for action by all countries in global partnership
What did the sustainable goals recognise?
Ending poverty and other depravations must go hand-in-hand with strategies to improve health and education, reduce inequality and spur economic growth
