Corporate Social Response or CSR | Report

Running head: CSR
CSR
Student Name
4/13/2020

CSR 2
Contents
Introduction.................................................................................................................... 3
Adavantages of CSR......................................................................................................... 3
Improves the image of a company..................................................................................... 3
Helps attract and retain potential employees.........................................................................3
Good books of regulatory authorities.................................................................................3
Attracts new investors.................................................................................................... 4
Disadvanatges................................................................................................................. 4
Shift in the profit-making objective................................................................................... 4
Hamper the reputation of company................................................................................... 4
Customers can get impatient............................................................................................ 4
Sudden rise in the cost of production..................................................................................4
Key Approaches.............................................................................................................. 5
Apple’s Employees....................................................................................................... 5
Investors.................................................................................................................... 5
Customers/Consumers................................................................................................... 5
Employees of Suppliers and Distributors............................................................................. 6
Conclusion..................................................................................................................... 6
References..................................................................................................................... 7

CSR 3
Introduction
Corporate Social Response or CSR is an alternative business concept that encourages a
organization not only to itself, but to the individuals concerned, and the society, to be socially
conscious. A organization brings benefit to community and the world without undermining the
corporate method by the application of CSR. Apple has various CSR Strategies and has key
approaches used by the company that will be discussed in this report. ”Accordsing to Milton
Friedma there is one and only one social responsibility of business – to increase it’s profits which
will be analyzed in this report by comparing the advantages and disadvantages of CSR.
Adavantages of CSR
Improves the image of a company
CSR activities are a good indicator of the company's image. This increasing reputation when
enforcing CSR policies in business. Apple has done this significantly as because of the positive
picture of business, customers would be more likely to purchase goods or services. 'Unilever
surveys showed that one third of customers chose to buy products focused on social or
environmental effects. By actively participating its staff in civic service activities, Xerox, via its
Community Involvement Initiative, was able to establish a socially conscious picture of the
company (de Jong, and van der Meer, 2017).
Helps attract and retain potential employees
Less visible are businesses engaged with significant CSR activities. This enhances the appeal of
prospective employees searching for work for business. In fact, workers are more inclined to stay
with the business for a prolonged time as the organization begins goodwill by substantial CSR
operations. Millennials typically prefer organisations in which they have a versatility in the
atmosphere of the workforce and are willing to feel comfortable about interacting for the
organisation.
Good books of regulatory authorities
It is the duty of the regulatory authorities to control the activities of specific undertakings.
However, these regulators are less aggressive to business once the company starts to conduct