Question

How do you think investor activism can affect the companies? Why do people believe it is a CSR concern? Discuss with the example of famous companies.

Answer 1

Corporate Social Responsibility (CSR) is a type of self-regulation of international private businesses that aims to contribute to the public goals of humanitarian, activist or charitable activities by engaging in or supporting voluntary or ethical practices. Although it may have been possible to describe CSR as an organizational policy or corporate strategy, the time has come to pass that different international laws have been created and different organizations have used their power to push it beyond. From individual or sectoral initiatives. Although considered a form of corporate self-regulation for some time, over the last decade it has changed dramatically from voluntary decision making at the level of individual organizations to the necessary schema at Regional, national and international.

Viewed at the organizational level, CSR is perceived as a strategic initiative that contributes to the brand's reputation. Therefore, social responsibility initiatives need to be coherent and integrated into the business model to be successful. In some embodiments, the exercise of corporate social responsibility goes beyond complying with regulatory requirements and engaging in "activities that appear to contribute to certain social interests other than the interests of the company and those required by law." Companies can generally participate in CSRs for strategic or ethical purposes. From a strategic standpoint, CSR can contribute to stable profits, especially if brands self-report both the positive and negative outcomes of their efforts. In part, these benefits come from enhancing positive public relations and high ethical codes to reduce business and legal risks by taking responsibility for corporate actions. CSR strategies encourage companies to positively impact the environment and their stakeholders, including customers, employees, investors, the community and others. From an ethical standpoint, some businesses will accept CSR policies and practices because of the ethical beliefs of senior management. For example, executives may believe that environmental harm is not taken from an ethical standpoint.

Proponents claim that corporations maximize long-term profitability by operating with a CSR perspective, while critics say CSR diverge from the economic role of businesses. The 2000 study compared the existing geometric study of the relationship between social and financial performance, concluding that the results contradict previous studies reporting negative and neutral financial effects due to the German problematic analysis. And claimed that when the study was accurate. Confirmed, CSR has a neutral effect on financial performance. Critics questioned CSR's high and sometimes uncertain expectations. Or the CSR is just a blindfold or an attempt to prevent the government from being a watchdog on a powerful multinational company. In line with this critical perspective, political and sociological institutions are of interest to the CSR in the theoretical context of globalization, neo-liberalism, and late capitalism. Some institutional experts view CSR as a form of capitalist legitimacy, and specifically point out that what began as a social movement against illicit corporate power is being transformed by corporations into a "business model" and management tool. Risks often have dubious results.

CSR has the right to support the mission of the organization as well as serve as a guide for what the company represents to its customers. Business ethics is part of a code of practice that seeks to address ethical principles and ethical or ethical issues that may arise in a business environment. ISO 26000 is a recognized international standard for CSR. Public-sector organizations (such as the United Nations) are at the bottom three times. It is generally accepted that CSR adheres to such principles, but without formal rules.