A Report on the Effectiveness and Ineffectiveness of CSR Practices

This report delves into the effectiveness and ineffectiveness of Corporate Social Responsibility (CSR). It begins by highlighting CSR's positive impacts, such as promoting environmentally friendly policies, fostering stakeholder relationships, and enabling ethical business practices. The report then contrasts this by examining the potential drawbacks of CSR, including conflicts between goals, challenges in managing decentralized operations, and the complexities of stakeholder involvement. The report cites various academic sources to support its arguments, providing a comprehensive overview of the topic. The report also touches upon how CSR can be a long-term process, which might be a cause of concern for some companies. This assignment provides a balanced perspective on the role and impact of CSR in the business world, offering insights into its strengths and weaknesses.

CSR EFFECTIVE AND
INEFFECTIVE

Table of Contents
CSR is effective at improving the world.....................................................................................3
CSR is ineffective at improving the word...................................................................................3
REFERENCES................................................................................................................................4

CSR is effective at improving the world
Corporate social responsibility is broader concept for changing polices and practices of
business work and society. It is effective process of world as it helps the society in following
environmental friendly policies and practices (Rao and Dhawan, 2017). It is the approach which
helps the firm in developing strong relationship with its stakeholders. Further, it is termed as
effective because it focuses on enabling chance of improvement to every person in this world.
Apart from this, CSR is used by every business enterprise as it helps in mitigating risk as it
provides corporate governance framework which helps in managing successful business
operations. Implementing practices of CSR aid in every individual in world in performing
ethically (Tashman, Marano and Kostova, 2017). Thus, it is the most effective approach for
managing respect and interest of people as it enable equal working opportunities and living with
dignity.
CSR is ineffective at improving the word
Concept of corporate social responsibility offers effective practices but on other hand, it
is considered as ineffective because the practices of CSR leads to conflict between managing and
division of goals and objectives. Further, it dis balances the functions of workplace between the
lines of centralisation and decentralisation (Price and Sun, 2017). Moreover, the multi division of
work which is enables by CSR is a cost process and sometimes leads to lack of stakeholders
involvement in interest of activities. Moreover, the practices of it leads to lack of coordination
and cooperation is word because as it provides own way of managing work and duties (Jamali,
Lund-Thomsen and Khara, 2017). It is long term process therefore lacks changes and dynamics
in functions and interest of people in world.

REFERENCES
Books and journals
Jamali, D., Lund-Thomsen, P. and Khara, N., 2017. CSR institutionalized myths in developing
countries: An imminent threat of selective decoupling. Business & Society. 56(3).
pp.454-486.
Price, J.M. and Sun, W., 2017. Doing good and doing bad: The impact of corporate social
responsibility and irresponsibility on firm performance. Journal of Business Research.
80. pp.82-97.
Rao, R.P. and Dhawan, N., 2017. Understanding Corporate Social Responsibility beyond
Corporate Responsibility. International Journal of Engineering and Management
Research (IJEMR). 7(1). pp.86-89.
Tashman, P., Marano, V. and Kostova, T., 2017, January. Talking the talk and walking the walk:
CSR reporting and CSP of emerging market multinationals. In Academy of Management
Proceedings. Academy of Management. (Vol. 2017, No. 1, p. 11183).