Question

For this discussion, imagine you are running your own company. Consider how and why you would communicate your Corporate Social Responsibility (CSR) strategy with employees and with external stakeholders.

Answer 1

I will be communicating my corporate social responsibility strategy with the employee and external shareholders like societal member along with other stakeholders through a proper communicating channel which will be highly efficient in nature and it will make them understand about the strategy of the company in order to make them aware about the social cost and fulfill the social responsibility so they can be assured that the company is trying to protect the interest of society on whole and the company is not just working for making profits so it will help the company in order to attain the the sustainable business and market share in the long run and it will also help the company in order to maximize the potential customers because it will attract the the societal members to purchase the products of company because company is highly inclined towards fulfilling corporate social responsibility.

I should be communicating my corporate social strategy with employee and external stakeholders because it will be related to the stakeholders as they are getting impacted to certain level as employees need to follow with the corporate social responsibility standard of the company and they need to make the societal members aware about the intentions and responsibilities of the company about enhancement of society and it will help the company in order to gain a higher amount of market share and sustainable valuation in the long run.