Q s hapte As ign ment: Responding to the Ethical and Social Environment Social W
ID: 392284 • Letter: Q
Question
Q s hapte As ign ment: Responding to the Ethical and Social Environment Social Welfare Environment Making microloans to support the growth of small businesses Renewable energy sources account for 21% of walmart's electricity worldwide women account for almost 28% of Walmart's corporate officers, about double the average for Fortune 500 companies Complete the table by organizing the arguments for and against social responsibility into the correct columns. Arguments for Social Responsibility Arguments against Social Responsibility 2 4 Grada It Now Save & ContinuExplanation / Answer
1. Microloans may help to build sustainability and self reliance among the communities hence it comes under social welfare.
2. By using renewable energy sources, Walmart contributes to the cause of environment. It comes under environment.
3. By increasing proportion of women, Walmart supports the diversity and gender equality and balance within the organisation. It comes under social welfare
In favour of social responsibility
1. It increases sustainability and employment generation in communities.
2. It helps to provide the communities better access to the fundamental necessities of life like education, healthcare etc.
3. It helps to protect the environment and employ sustainability practices by reducing carbon footprints.
4. It helps to build a positive image among the customers and within business ecosystem.
Against Social responsibility
1. It consumes valuable resources of organisation that can be used for the growth of business.
2. It is only viable when the business is doing steadily well and a part of profit can be allocated to the social cause.
3. In some aspects, it lacks accountability, hence provides ample opportunities to unscrupulous elements within organisation to siphon off the money allocated for it.
4. Some outcomes of social responsibility efforts are difficult to measure, hence its effectiveness against the deliverables is difficult to assess.
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