Review the Corporate Social Responsibility Pyramid. Corporate Social Responsibil
ID: 387698 • Letter: R
Question
Review the Corporate Social Responsibility Pyramid. Corporate Social Responsibility rests among the top. In your honest opinion, do you agree or disagree with this. Knowing that you or your organization is in business too make money. Keep in mind many organizations must keep their investors in mind as well.
Be a good global corporate citizen Do what is desired by global stakeholders Philanthropic responsibility Ethical responsibility Legal responsibility Economic responsibility Do what is expected by global stakeholders Be ethical Do what is required by global stakeholders Obey the law Do what is required by global capitalism Be profitableExplanation / Answer
A broad view of corporate social responsibility is better for any organisation as it provides extensive support to the overall structure of the organisation to decide the specific studies as well as controlling the overall steps involved in management of a company. Unlike the narrow corporate social responsibility, broad social responsibility directly increases the overall effectiveness of the multiple strategies which are being implemented into the organisation for the security purposes as well as other factors. Broader social responsibility norms are also responsible for creating more ethical working environment and for providing a detailed explanation of each and every step being involved in creating such environment.
Corporate social responsibility or the CSR report is one of the most important report in any business industry. It is really built to determine the overall sustainability of the specific company using the greener resources. Creating a sustainability report in itself is an opportunity for a company to provide its image to the Marketplace about its sustaining goals. By having a sustainable brand image into the market company can increase its ethical position in the market and can provide better support to the company's organisation as well as management.
The most beneficial part of the CSR report are the stakeholders as the overall working capabilities of a company towards the sustainability are determined by the CSR report. Positive report with large number of investment in social ventures as well as investing in greenery source is good directly help the stakeholders to work in an ethical environment. By working in an ethical environment stakeholders can directly be benefited by the same program. Having an ability to maintain the greenness of the specific organisation can be very helpful in maintaining a brand identity across the globe. Sustainability report directly affect the company's overall business as people prefer to do business with the ethical Industries.
Today's environment is directly oriented towards the greenery sources. If a company manages to be a greener company in the customer's mind, their overall business would be readily increased. Stakeholders plays an important role in the development of CSR report. This report also benefits the Farm by providing large profit. If a company is more oriented towards the greenery sources its revenues would be automatically increased.
Definitely corporate social responsibility rests among the top. Availability of above factors can directly determine its importance as well as requirement for an organisation to be successfully operated in their operation market segment.
Event there is so much fun and economic flow involved in operation of an organisation their main motive should be to operate according to the social guidelines as well as providing social support to the society and doing a business along with the specific social support system. This type of approach would not only enable an organisation to maintain better revenues but also provide better availability of marketing opportunities in terms of implementation of such a specific practices in the organisation increasing its overall availability of responsibility provision towards the society.
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