CSR Flashcards
Def CSR
The actions businesses take are not to gain profit but to benefit society
kaitiakitanga
gaudianship and protection of the environment and its resources
mannakitanga
hospitality, respect, and generosity for the people, families, and the community
whanaungatanga
working well with others to achieve common goals through sharing experience and working together
putake
The reason for being of a business is a mission statement that explains its goals beyond profit
social enterprise
It’s a form of business that exists beyond profit, their goals could be restoring the environment etc but they still could earn profit as a way to function but not their primary goal.
2 benefits of CSR
Workers are likely to work for a company that treats them with their rights covered
Customers feel safe purchasing items that are healthy and services that are responsible for their safety
2 costs of CSR
costs a lot of money and labour
workers
A person employed for wages or salary, especially at non-executive level.
customers
a person who buys goods/services of a business
suppliers
An individual or an organisation that provides goods/service or materials to another business/organisation
government
a group of people that have the authority to govern a country or a state
