On the subject of Corporate Social Responsibility (CSR) (issue is that CSR is better than Firedman's...

On the subject of Corporate Social Responsibility (CSR) (issue is that CSR is better than Firedman's view of CSR and Conscious capitalism)

Does CSR issues impact stakeholders in different ways? What might the views of various stakeholders be on the topic?

Place the CSR issue within its historical (when) context. What is the history of the position? Has it changed?

Expert Solution

Answer: The different stakeholders are affected by the CSR issues in different ways depending upon their relevance with the issues. For example the bad working conditions inside the factories will directly impact on the employees who work in the factory and will impact indirectly on the customers as the employees will not be able to work with full potential. Hence every stakeholder has its own salience when it comes to the CSR issue depending upon the nature of the issue and the interest of the stakeholder involved. The reaction and view of various stakeholders on the topic can be different as they are impacted in a different manner by the issues. The directly impacted stakeholders will have a strong view on the issues while the stakeholders not having a direct impact may not even have a clear view on the topic.

The CSR historically started with the concept that the business organizations apart from their economic functions also have social responsibilities. In the initial stages the CSR view was mainly limited to philanthropic acts like donations made by the business organizations for the social causes. Later this concept started to develop and its scope became wider and included the reducing environmental footprints of the organizations and inclusion of the concept of sustainability in business operations. Hence over the period of time, the concept of CSR has evolved and changed.

keosha answered 2 years ago

What is corporate social responsibility (CSR)? Is the principle of CSR one that is likely to...

What is corporate social responsibility (CSR)? Is the principle of CSR one that is likely to be widely adopted by companies around the world. Is it likely to significantly change corporate behaviour? Will behavioural change benefit the public? In your answer refer to examples of companies debating CSR or implementing practices of CSR.

In the _____ model of corporate social responsibility (CSR), social goals are brought into the core...

In the _____ model of corporate social responsibility (CSR), social goals are brought into the core of a firm's business model, and economic goals are balanced against social goals. ethics

Select Organizations that promote Corporate social responsibility (CSR) and answer these: •What are the CSR initiatives...

Select Organizations that promote Corporate social responsibility (CSR) and answer these: •What are the CSR initiatives the organizations are taking? •What CSR strategies are they using? •The four dimensions of CSR, how do the CSR strategies connect with them? •What are the benefits? •What are the likely disadvantages or risks to these CSR initiatives •Are the organizations considering other CSR initiatives?

Describe the current status of corporate social responsibility (CSR) as an expectation for businesses.

The basic notion of Corporate Social Responsibility (CSR) is that not only the shareholders but all...

The basic notion of Corporate Social Responsibility (CSR) is that not only the shareholders but all groups of society should be given a share from earnings of corporation. Suggest any THREE (3) activities that can be carried out by an Islamic financial institution by giving a relevant example for each.

what is social contract and stakeholder theories of Corporate Social Responsibility (CSR) andexpalin use the social...

what is social contract and stakeholder theories of Corporate Social Responsibility (CSR) andexpalin use the social demandingness, social activist and stakeholder theories of corporate social responsibility in order to discuss the case study below.

Corporate Social Responsibility (CSR): Why would an MNC (or any corporation for that matter) undertake corporate...

Corporate Social Responsibility (CSR): Why would an MNC (or any corporation for that matter) undertake corporate social responsibility measures? Discuss at least three reasons. What are the sources of CSR standards and codes that most MNCs follow as their benchmarks? Why do some countries (like India and Malaysia) top the list of countries in terms of the number of companies reporting CSR activities?

Read the passage carefully and answer the questions: Corporate Social Responsibility (CSR) in Saudi Arabia Corporate...

Read the passage carefully and answer the questions: Corporate Social Responsibility (CSR) in Saudi Arabia Corporate Social Responsibility (CSR) has recently assumed strategic significance in the industrial world for companies and government alike. In emerging countries that seek to build vital Economies, CSR has taken on an added value. Increasingly, there is the understanding that national development and CSR are characteristically intertwined. Indeed, it has become clear that nations will not be able to move forward without the purposeful engagement...

Question 2 Corporate social responsibility (CSR) as actions of an organization that are targeted towards the...

Question 2 Corporate social responsibility (CSR) as actions of an organization that are targeted towards the achievement of a social benefit over and above maximizing profits for its shareholders and meeting all its legal obligations. Deciding how to communicate CSR can be difficult. (a) Discuss FOUR (4) the driving forces behind corporate social responsibility (CSR). (b) Describe TWO (2) types of corporate social responsibility (CSR). Provide ONE (1) example for each types of CSR.

Corporate Social Responsibility (CSR) Mars Dump is a multinational company that is caught by the Emissions...

Corporate Social Responsibility (CSR) Mars Dump is a multinational company that is caught by the Emissions Trading Scheme (ETS). Details of ETS are as follows: It is a cap and trade scheme in which permits are traded in an active market. Its annual compliance period is from 1 July of the current period to 30 June of the following year. Each participating company receives an allocation of free permits each year based on their reporting carbon emissions from the previous...

Question