CSR corporate social responsibility

Question 1

What is CSR Corporate social responsibility

Answer 1

businesses commitment to going above and beyond its legal obligations to promote employee wellbeing, community welfare and environmental preservation

Question 2

what is not the aim of CSR

Answer 2

doesn’t aim to maximise profit but to improve or limit damage to society and environment

Question 3

what does a business with CSR look like

Answer 3

attract new customers since customers care about the businesses effect on environment

can improve staff morale leading to productive workplace

Question 4

what does a business without CSR look like

Answer 4

run risk of customers boycotting them

employees arent satisfied and may leave the business

Question 5

is CSR easily doable

Answer 5

can be expensive

can be time consuming

does not gaurentee good reputation for business

Question 6

how to be socially responsible: environmental issues

Answer 6

managing businesses energy use

using recycling waste reduction measures

using natural resources that have been sourced sustainably to make goods and deliver services

Question 7

how to be socially responsible: customer issues

Answer 7

conducting surveys

offering unexpected benefits like birthday rewards

get involved with local community initiatives

offer 24/7 customer service technology

Question 8

how to be socially responsible staffing issues

Answer 8

offer comprehensive health insurance and wellness programmes

pay for training