CSR Flashcards
What is CSR?
Going beyond profit
Voluntary actions
Broader social system
Carrolls 4 part definition
Economic
Legal
Ethical
Philanthropic
classical view
CSR hinders profit and is not in the best intentions of maximising shareholder wealth. increases costs
socio economic view
managements responsibility goes beyond profit. moral responsibility
CSR framework
- Understanding society
- Building capacity
- Questioning business as usual
- Stakeholder relations
- Strategic view - strategic view on the business environment
- Harnessing Diversity - respect diversity and adjust approaches
Organisational stances
laissez faire - no csr
forum of stakeholder interaction
shaper of society - high csr
Management involvement of csr
diversity policies
work - life balance
employee learning
How to promote csr
implement policies
extend relationships with customers and suppliers
monitor application of culture and values
risk management
Effects of good csr on companies
attract employees
brand image
Reactions to csr
Reactive
Defensive
Progressive
Proactive
Why companies dont follow csr
costly
profit harming
ill equipped
not their problem
globalisation and csr
some practices are accepted in some countries but not in others
cultural relativism
Issues of csr and globalisation
Human resource practices e.g conditions Human rights environmental damage corruption slavery forced to work trafficking
Positives of globalisation and csr
provide work
capital
expertise
money
