2. In order for an organisation to practice Corporate Social Responsibility it must; (1) make a...

2. In order for an organisation to practice Corporate Social Responsibility it must; (1) make a positive contribution to its local economy; (2) make a positive social contribution to its local community; and (3) not cause any harm to its local environment. What specific actions can you take to make your High-tech backpack more Corporate Socially Responsible in regards to each of these three areas (approximately 500 words)?

Expert Solution

Corporate social responsibility includes all the ethics and actions that a business organization should consider in order to build a good brand image and gain trust of the consumers. Corporate social responsibility helps business organization to satisfy its stakeholder that includes consumers, employees, investors, and others. Working according to corporate social responsibility will give a chance to business organization to enhance environment, improve social welfare and others.

Actions that can be taken in order to make High-tech backpack more corporate social responsible:

1) It can make a positive contribution to local economy by maintaining an affordable price so that all consumers are able to afford and buy it.

2) It can make a positive contribution to its local community by contributing to the charity and empowering the weaker section of the society.

3) It can keep local environment safe by using re-usable materials in producing back packs. Producers of backpack should ensure that production of the product does not cause any harm to the environment or its does not release any harmful chemicals into the environment.

Abiding by these three policies will help the producers of backpack to build trust in the society and attract more consumers. Following corporate social responsibility will enable producers to stay ahead of the competition. Staying ahead of the competition is very important especially when you are in perfect competition. In a perfect competition, following corporate social responsibility will give a plus point to the producers and will enable to them to beat the competition and retain customers for a longer period of time.

Rahul Sunny answered 1 year ago

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