This presentation provides an overview of Corporate Social Responsibility (CSR) and its importance in today's world. It covers the concept of CSR, different types of social responsibilities, benefits, challenges, and examples. The presentation emphasizes the role of CSR in enhancing brand image and building strong customer relationships.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Corporate Social responsibility
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Cover Content •Introduction •Corporate social Responsibility •Types of social responsibility •Benefits of Corporate social responsibilities •Challenges of CSR activities •Example of Corporate social responsibility •Conclusion •References
Introduction •Corporate social responsibility refers as the commitment to society and its citizens for behaviours accurately and ethically. •In today’s world corporate social responsibility is one of the major role that is expected from organisation. There are various issues occur while performing corporate social responsibilities. •This presentation includes concept of Corporate social responsibility and different types of social responsibilities. It consists of benefits as well as challenges that is faced by company.
Corporate social Responsibility •Corporatesocialresponsibilitycanbedescribingasthe activities that is conducted by organisation in order to return benefits to society. •It is very important for an organisation to conduct different Corporate social responsibility practices as this will lead to various advantages.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Types of social responsibility •Different types of social responsibility are mention below in detail. •Responsibility towards society •Responsibility towards government •Responsibility towards customers •Responsibility towards employees •Responsibility towards stakeholders
Responsibility towards society •Organisation can full fillCorporate social responsibility towards society by conducting organisation activities with ethics and morals. It is role of organisation to prevention and protection of environment. •This will help in minimizing ecological imbalance as well as enhancing environment. Organisationcanfullfillsocialresponsibilitywhilecontributingeffortstowards development of health and education of society.
Responsibility towards government •This includes different types of Corporate social responsibility for organisation. It is essential for company to follow various rules and regulation that is developed by government. •Obeying of policies and legislations will lead to provide benefits to society, government as well as business. An organisation should always pay all taxes on time and regular basis as this will lead to full filling responsibility of company towards government.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Responsibility towards customers •Customers are very important for organisation and it is crucial to full fillCorporate social responsibility towards customers. company needs to develop product and services which does not provide any harm to customers. •It is responsibility of organisation to provide high quality products and services with required standards that is promised. Offering of products and services should be at fair prices and company should provide after sales services in order to resolve their issues and problems.
Responsibility towards employees •There are many was through which company can full fill theirCorporate social responsibility towards employees as by providing healthy working environment. It is important for organisation to grant regular and fair opportunities to employees. •Fair wages and other benefits will lead to encourage them to conduct task in effectiveandefficientmanner. Companyshouldprovide welfare servicesto employees as well as provide training and promotion facilities.
Responsibility towards stakeholders •There are various stakeholders that is contributing efforts and investing resources in business activities. It is responsibility of organisation to consider stakeholder while full filling corporate social responsibilities. •This includes that company needs to develop and build high reputation and goodwill of company.It isCorporate social responsibility of business to remain transparent with stakeholders and provide right information.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Benefits of Corporate social responsibilities •There are several benefits that could be gain by business while performing Corporate social responsibilities. •It is essential for organisation to full fill these responsibility as this will lead to enhance brand image of company.
Challenges of CSR activities •There are various challenges and issues faced by company while conducting Corporate social responsibility. •+It is very crucial for organisation to analyse and evaluate these issues in order to enhance social responsibilities practices.
Example of Corporate social responsibility •There are various companies which is contributing their efforts and funds in order to full fill their Corporate social responsibility. •Tesco company is one of the great example for conducting businessinethicalmannerandprovidingbenefitsto society through Corporate social responsibility.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Conclusion •FromtheabovepresentationitcanbeconcludedthatCorporatesocial responsibility play a major role in effective functioning of organisation. •it is crucial for organisation to perform various CSR activities as this will help in enhancing brand image as well as creating strong relationship with customers.
References •Crane, A., Matten, D. and Spence, L. eds., 2019.Corporate social responsibility: Readings and cases in a global context. Routledge. •Deng, X., Kang, J.K. and Low, B.S., 2013. Corporate social responsibility and stakeholder value maximization: Evidence from mergers.Journal of financial Economics. 110(1).pp.87-109.