Topic : MANAGING CSR AND ETHICAL BEHAVIOUR.
Explain what is meant by ‘corporate social responsibility’ (CSR) and the implications for management. In your answer discuss the three organisational stances on CSR and the consequences for an organisation’s success or failure. Use examples to illustrate your answer . 250 words
These are the Managerial implications:
Philanthropy
Pricing
Employee relations
Resource conservation
Product quality
These are the 3 organisational stances on CSR:
Meeting social obligations (maximise profits) -What the law requires, To meet economic goals
Being socially responsive (social norms & values)- Social pressure, Public demand
Being socially responsible (impact on society)- Positive societal impact, Minimise harm