Positive and Negative Impact of Corporate Social Responsibility on Local Communities

Research report

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
POSITIVE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON LOCAL
COMMUNITIES.............................................................................................................................1
NEGATIVE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON LOCAL
COMMUNITIES.............................................................................................................................3
CRITICAL EVALUATION OF COMMUNITY-BASED INFORMATION REPORTED
PUBLISHED BY HARVEY NORMAN COMPARED WITH JB Hi-Fi.......................................4
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................7

INTRODUCTION
Corporate social responsibility is kind of the private business self- regulation that aim to
be contribute to the societal, objectives of activist and support the ethically oriented practices. It
is management concept where firms integrate environmental and social concerned in business
operations with stakeholders (Crane and et. al., 2019). It is a responsibility of company to
operating within society to give contribution towards, environmental, economic and social
development that develops positive effect on society. Harvey Norman is Australia based
company and multinational drop shipping computers, bedding, consumer electrical goods and
furniture. Under this mention report will be studied about negative and positive impact of
corporate social responsibilities of company towards local communities. Critical evaluation on
community-based information compare with other company is going to discuss here.
POSITIVE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON
LOCAL COMMUNITIES
The Corporate Social Responsibility is set of practices and the policies of company that
aids in interlinking many stakeholders consists environment and communities. The CSR
develops positive impact on the local communities such as consumers, society and employees.
This is commitment of business towards sustainability. In regards to this, CSR is done through
Harvey Norman in structured manner. This company aim is to developing value for customers
employees and shareholders. Harvey Norman is leading Australian organisation and listed in
Australian stock exchange. It operates as franchise with main brand of firm and operated the
stores are owned through ASX listed organisation Harvey Norman Holding Limited (Grayson
and Hodges, 2017).
Positive impact of Corporate Social Responsibility on Employee
Being responsible socially, firm can reinforce reputation of firm and develop its brand
image. CSR empowers staff members to leverage corporate resources at disposal to do better.
The organisations conduct Corporate Social Responsibility program, to enhance morale of staff
and also lead to the high productivity in workforce. Harvey Norman strives for improving safety
performance. Company believe for giving indigenous people with having better opportunities to
participating in sustainable employment that is main objective of diversity policy of firm. It
determines and does effective risk management that consists calculation of risk taking. On the