Explain corporate social responsibility and why some CEOs of large corporations are engaging in social responsibility...

Explain corporate social responsibility and why some CEOs of large corporations are engaging in social responsibility regardless of the ethical outcomes?

Expert Solution

• Corporate social responsibility.

It is a type of management in which the companies provide facilities to the society, community and environment and do not harm human rights and environment through their business.

Types of corporate social responsibility.

1. Environmental responsibility.

• To make the environment carbon dioxide free, pollution free.

• Reduce greenhouse effect.

2. Human rights responsibility.

• provide fair labor practice ( equal pay for equal work.)

• Prohibited child labour.

• Fair trade practices.

3.philanthropic responsibility.

• Supporting health initiatives.

• Funding educational programs.

•Supportung community beautification project.

4. Economic responsibility.

• Reduction of the business investment cost through manufacturing process and minimising the wastage.

• Some CEOs of large corporations are engaging in social responsibility because- They can improve their business pattern and reduce investment cost with their competence. Which induces social acceptance of their products and improve their business policies.

Nightingale answered 2 years ago

Why do some corporations and their management oppose corporate social responsibility? Social responsibility is interpreted in...

Why do some corporations and their management oppose corporate social responsibility? Social responsibility is interpreted in many ways. State your understanding of corporate social responsibility.

Question: What is corporate social responsibility? What are some arguments in favor of corporate social responsibility?...

Question: What is corporate social responsibility? What are some arguments in favor of corporate social responsibility? What are some arguments against corporate social responsibility? How has the COVID-19 pandemic affected the debate surrounding corporate social responsibility? What are some things companies can do to be socially responsible in the wake of the COVID-19 pandemic? Your answers will be short essays and should be three full paragraphs or longer.

corporate social responsibility

In accordance with the corporate social responsibility, a large food company wants to develop a packaged...

In accordance with the corporate social responsibility, a large food company wants to develop a packaged snack product with long shelf-life, without preservatives, enriched by the components that strengthen the immune system, for healthcare professionals working at high risk due to the COVID-19 outbreak. As a food engineer candidate, 1. Consider what should the composition of the product contains taking into account strengthen the immune elements and daily calorie needs. 2. Consider how the product should be handled and packaged...

(1) why do corporations have a social responsibility; (2) what is the extent of the this...

(1) why do corporations have a social responsibility; (2) what is the extent of the this responsibility; and (3) how should a corporation decide what CSR activities to undertake?

Briefly state and explain the case for a corporate social responsibility of a business.

Why defining corporate social responsibility is so elusive? What are the arguments for and against corporate...

Why defining corporate social responsibility is so elusive? What are the arguments for and against corporate social responsibility?

Business Ethics, Corporate Social Responsibility and Sustainability Business ethics, corporate social responsibility and sustainability are hot...

Business Ethics, Corporate Social Responsibility and Sustainability Business ethics, corporate social responsibility and sustainability are hot topics in engineering management. Having a grasp of these issues is vital for future leaders of engineering industries in the 21st Century. After conducting a comprehensive review of literature in the context of an engineering sector of your choice, find out what ethics, corporate social responsibility and sustainability (or a subset of these topics) means and what approaches is currently use to lead the...

1. Should corporations practice corporate social responsibility? Answer both Yes and No 2. Describe the advantages...

1. Should corporations practice corporate social responsibility? Answer both Yes and No 2. Describe the advantages and disadvantages of globalization. 3. Describe the various ethical theories. 4. What is the importance o lobbying and financial incentives theory in politics? 5. What are the major issues involving employer-employee privacy? 6. What ethical issues can you think of regarding GMFs and Internet invasion of privacy?

The case Promoting Social Change and Responsibility at Corporate Level Suppose you work in a large...

The case Promoting Social Change and Responsibility at Corporate Level Suppose you work in a large corporation (over 5,000 employees) as Head of Marketing Initiatives. You need to direct your superior’s attention to becoming a more socially conscious corporation. The concept you desire is somewhat similar to HP’s entrepreneurial attempt toward employees’ volunteerism; “HP’s generous volunteer policy allows and encourages employees to leverage their 4 hours of paid volunteer time per month to give back to causes and charities that...

Question