Corporate social responsibility (CSR) is a type of business self-regulation with the aim of being socially accountable. There is no one "right" way companiescan practice CSR; many corporate CSR initiatives strive to positively contribute to the public, the economy, or the environment. In today's sociallyconscious environment, employees and customers place a premium on working for and spending their money with businesses that prioritize CSR.Critically evaluate the extent to which Strathmore University can benefit from corporate social responsibility. In your response recommend someof the CSR initiatives which Strathmore can undertake.

Ethics means a set of rules, principles, policies, and practices including corporate governance,…

Answered: Corporate social responsibility (CSR)…

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter4: Social Responsibility And Ethics In Marketing

Section: Chapter Questions

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What is CSR, and why is it important?
After reading this chapter, what are major insights you have about ethics and CSR?
Differentiate the roles compliance and CSR programs serve in organizations. Are these the same, or are there differences? Explain.
In the realm of business ethics, the concept of corporate social responsibility (CSR) plays a pivotal role. Corporate social responsibility involves businesses acknowledging and taking responsibility for the impact of their activities on society and the environment. Beyond financial gains, companies are increasingly expected to contribute positively to the well-being of the communities they operate in and the world at large. This includes initiatives related to environmental sustainability, social justice, and philanthropy. Embracing CSR not only aligns with ethical principles but also enhances a company's reputation and brand image. Stakeholders, including consumers and investors, are increasingly prioritizing socially responsible businesses, making CSR an integral component of modern business ethics. Question: How can businesses strike a balance between maximizing profits and fulfilling their corporate social responsibility, ensuring that their pursuit of financial success aligns…
Corporate Social Responsibility (CSR) refers to a company's commitment to taking actions that benefit society beyond its core business activities and profit generation. It encompasses a wide range of initiatives aimed at environmental sustainability, ethical labor practices, community development, and philanthropy. By engaging in CSR activities, companies can build positive reputations, enhance employee morale, and contribute to the well-being of the communities in which they operate. How can a company strike a balance between maximizing profits for shareholders and fulfilling its CSR obligations to society and the environment?
Show how the concept of social responsibility applies both to environmental issues and to a firm’s relationships with customers, employees, and investors.
What is CSR, and why is it important? Thinking about the organization where you work or one you are familiar with, how does the company engage in CSR? Does it do all that is reasonable to do? Why or why not? in Openstax
Issues of corporate social responsibility vary from company to company under its operating environment. Discuss four issues relating to CSR.
Find a company in the news today that’s acting at one level of the CSR pyramid: economic, legal, ethical, and philanthropic. Explain what action qualifies the company to be at that level of the pyramid, and then talk about how the company is being socially responsible AND how that action will ultimately benefit their businesses.
Preparation CSR strategies encourage the company to make a positive impact on the environment and stakeholders including consumers, employees, investors, communities, and others. Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, or responsible business) is a form of corporate self-regulation integrated into a business model. CSR policy functions as a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and national or international norms. Your Task 1. Select a company (domestic or international) that will be the basis for your research. 2. Research the company's record in the area of CSR. Be sure to look at both their domestic and well as international reputation (if any). Complete this assignment that contains the following information: 1. A brief (one-paragraph) summary of the business you selected. 2. Describe specific examples of corporate…
Using relevant present-day examples, explain how companies carry out corporate social responsibility (CSR) and give reasons why organizations seem to be increasingly embracing it.
(Guideline: Write about any other three suitable CSR activities which can be conducted by the companies you selected. Also write, what will be the benefit of your proposed CSR to the companies and public)

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