CSR

Question 1

What is CSR

Answer 1

Corporate Social Responsibility

Question 2

What is CSR’s main focus

Answer 2

The relationship between the business and society and the impact it has on society

Question 3

Give examples of CSR issues

Answer 3

Crime
Proverbs
Inequality
Unemployment
Poor health services

Question 4

What is the primary CSR level of responsibility

Answer 4

The business’s obligation to look after the interests of stakeholders which are directly affected by the success of the business

Question 5

What is the Secondary CSR level of responsibility

Answer 5

The business’s obligation to look after stakeholders that are indirectly affected by the business activities

Question 6

Give two arguments FOR CSR

Answer 6

It promotes ethical business practice
Businesses can increase community’ standard of living through education and health programmes

Question 7

Provide Two arguments AGAINST CSR

Answer 7

It is difficult to measure the benefits of CSR on the business
Money spent on CSR programmes is less profit in pockets

Question 8

Give 5 examples of stakeholders

Answer 8

Shareholders
Government
Suppliers
Staff
Customers

Question 9

What principles suggested by Blowfield and Murray should a business think about while implementing a CSR strategy.

Answer 9

-Concept of Citizenship
-Strategic intent
- Leadership
- Structure and Management
- Stakeholder
- Transparency

Question 10

What is the function of Offensive CSR

Answer 10

It proactively tackles social and environmental issues

Question 11

What is the function of defensive CSR

Answer 11

It looks after the reputation (brand) of the business ensuring all activities fall within the law