CSR/CSI Flashcards
(9 cards)
1
Q
meaning of corporate social responsibility
[obligation, law, both]
A
- an obligation required by law and benefits both the business and society
2
Q
2 purposes of CSI
[long-term, positive]
A
- CSI projects are long-term investment
- CSI projects play a positive role in the development of communities
3
Q
name the 4 CSI focus areas
A
- community
- rural development
- employees
- environment
4
Q
2 examples of CSI projects
[ D, T ]
A
- donations to local organisations
- teaching entrepreneurial skills
5
Q
differences between CSR and CSI
[CSR- intention, focus] ; [CSI- actively, ensure]
A
CSR:
- the intention is to change business practices
- focus is on increasing image and profit
CSI:
- actively committing money and resources to uplift the community
- ensure that CSI projects are relevant to the needs of communities
6
Q
name 4 components of corporate social responsibility (CSR)
[ B, C, H, E ]
A
- business ethics
- environment
- health and safety
- community
7
Q
2 impacts of CSR/CSI on: BUSINESSES
[loyalty, teamwork]
A
- promotes customer loyalty resulting in more sales
- CSI projects promote teamwork within businesses
8
Q
2 impacts of CSR/CSI on: COMMUNITIES
[businesses , better]
A
- businesses are not always equipped to address social problems
- better educational facilities are established in poor communities
9
Q
meaning of corporate social investment (CSI)
[commits, specific, improve]
A
- when a business commits money, resources and time to a specific project that will improve the lives of people
