U3 AOS 2 CH3I Felix

Question 1

-Corporate social responsibility(n.)=

Answer 1

-Corporate social responsibility(n.)=The [ethical conduct] of a [business] [beyond] [legal obligations,] and the consideration of [social, economic and environmental impacts] when making business decisions.

Question 2

What questions do you ask to know whether businesses actives are under corporate social responsibilities.

Answer 2

Considerations=
-Are these nice things for a business to do?
-Are they legally required for them to do it?

Question 2

What do Corporate social responsibilities consider=

Answer 2

Corporate social responsibility-go beyond expectations required by regulators, to consider=
:impact on environment
:impact on health and welfare of wider society
:ethical concern for its workforce

Question 3

Corporate social responsibilities for processes

Not important to use=use the other corporate social responsibilities of environmental, general community, employees.

Answer 3

-reducing waste during production is a CSR consideration for processes. Companies can aim to reduce waste through strategies like [forecasting, lean management, and Just in time.]

Question 3

Corporate Social responsibilities advantages

Answer 3

+Environmental benefits
+Employee satisfaction benefits(gives a source of pride to employees, business may become employers of choice)
+Society benefits(society benefits from the businesses CSR endeavours)
+Positions the business as an ‘employer of choice’.(business has a bigger pool of staff to choose from as they are employers of choice.)
+Good for marketing, reputation, and sales.(business brand may get coverage from news broadcasting services, and your business may be promoted)(People know that they are buying products which will go towards supporting a social cause in society)
+Can insulate the business with goodwill form society if a future problem occurs

Question 3

Corporate social responsibilities for outputs

Not important to use=use the other corporate social responsibilities of environmental, general community, employees.

Answer 3

-While the output of a business is meant to create value to the customer, it is socially responsible to ensure that the goods and service produced do not cause harm to the wider community.

Question 4

Corporate social responsibilities limitations/disadvantages

Answer 4

-Can be time consuming to establish
-Can sometimes be expensive to support ‘non-core’ activities.

((((Core work(n.)= Activities that directly contribute towards a business meeting its objectives and operation smoothly
Non-core work(n.)=Activities that are not central to business operations.))))

Question 5

Corporate social responsibilities for inputs

Not important to use=use the other corporate social responsibilities of environmental, general community, employees.

Answer 5

-Sourcing materials and resources that are environmentally sustainable is one way to consider CSR for inputs. This means ensuring that your inputs(raw materials, labour, machinery, factories) do not damage or deplete natural resources.