AOS 3: Corporate Social Responsibility

Question 1

What is corporate social responsibility?

Answer 1

Corporate social responsibility is where a business goes beyond their legal obligation to commit to social, economic or environmental factors.

Question 2

What are advantages of corporate social responsibility?

Answer 2

• Improves the business reputation
• Reduced long term costs
• Building a workplace that employees value

Question 3

What are disadvantages of corporate social responsibility?

Answer 3

• Higher costs in operation
• Slows down production, takes away from core activities

Question 4

What are corporate social responsibility strategies for inputs?

Answer 4

• Procurement, ensures suppliers incorporate CSR practices such as no child labour
• Environmentally sustainable inputs
• Using renewable energy to power facilities
• Simplify supply chains to reduce carbon emissions
• Purchase from local supplies, help local economy and less transportation which leads to pollution

Question 5

What are corporate social responsibility strategies for processes?

Answer 5

• Recycling resources
• Waste minimisation strategies
• Keeping jobs within Australia for processes
• Implementation extra quality checks to ensure high quality products
• Ensuring employees health and safety beyond legal requirements
• Training employees

Question 6

What are corporate social responsibility strategies for outputs?

Answer 6

• Packaging decisions, minimising packaging and its impact on environment
• Creating goods that are fit for purpose and good for value for money
• Ethical dealings with customers regarding marketing materials