In: Operations Management
Which of the following are possible benefits of CSR?
Tax incentives/breaks |
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Good publicity |
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Attracting customers, investors, employees and other stakeholders |
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All of the above Samuel halted production at his facility after seeing a report indicating the last batch had a high level of product defects, and restarted work only when the problem was discovered and fixed. Samuel is engaged in which management function?
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Q1 about CSR -
Answer is All of the above.
Companies which are involved in CSR do get tax benefits. Total amount of tax benefits depends on organization's spend on CSR. (Atleast 2% of last 3 years average annual net profit)
Social media is a boost for organizations to reach people. A good deed gets appreciated and recognised in community thereby helping organizations to create a good image.
Through CSR people get influenced and thus individuals start getting attracted to respective brand name. This in turn helps organization to attract customers, investors, employees and stakeholders. Also CSR helps in recruting new talent that believes in giving back to society.
Thus answer is ALL OF THE ABOVE.
Q2 ABOUT Samuel-
Answer is controlling because Samuel not only saw report indicating high level of defects, he stopped production. Production resumed only after correcting problem thus controlling number of defects getting produced.
Q3 about VistaPrint
Answer is Sustainability
By making use of recycled paper and inks that are biodegradable VistaPrint is trying to reduce impact on environment and thus trying to reduce depletion of natural resources. Maintaining ecological balance is core of sustainability thus correct answer should be sustainability.