Corporate Social Responsibility (CSR)

What are the major ethical issues that businesses face today? Make a comparison between society’s expectations of business ethics and actual business ethics

by
Major Ethical Issues that businesses face today

Businesses today encounter a multitude of ethical issues, many of which arise from evolving societal norms, regulatory frameworks, and the increasing impact of global markets. Below are some prominent ethical issues: Corporate Social Responsibility (CSR) Expectation: Society anticipates that businesses will contribute positively to communities, endorse social initiatives, and mitigate adverse environmental effects.Reality: Although numerous … Read more

Define Corporate Social Responsibility. Explain and illustrate different models of Corporate Social Responsibility

by
Define Corporate Social Responsibility. Explain and illustrate different models of Corporate Social Responsibility

Corporate Social Responsibility (CSR) denotes a corporation’s dedication to ethical business practices that foster economic growth, environmental stewardship, and social welfare. It transcends mere profit generation, emphasizing the extensive effects of business operations on society and the environment. Models of Corporate Social Responsibility (CSR) denote the frameworks or methodologies that assist businesses in meeting their … Read more

Why is CSR important to business organizations? Explain in short the theories of CSR, with their respective strengths and weaknesses

by
Theory and Importance of CSR: Strengths and Weaknesses

Corporate Social Responsibility (CSR) plays a vital role in the business landscape by encouraging sustainable practices, fostering trust, and enhancing relationships with stakeholders. It enables organizations to bolster their reputation, attract customers, investors, and talent, while also mitigating potential risks. Furthermore, CSR stimulates innovation, boosts employee engagement, and contributes to long-term financial success, all while … Read more

What are the benefits of CSR to business and society? Discuss the major drivers of CSR in the developing countries like Nepal.

by
Corporate Social Responsibility: Benefit to Business, Society

Corporate Social Responsibility (CSR) encompasses the obligation of businesses to operate ethically, support economic growth, and enhance the well-being of employees, communities, and society as a whole. CSR fosters a symbiotic relationship that yields substantial advantages for both enterprises and the broader community. Advantages for Businesses Improved Brand Image CSR initiatives enable companies to cultivate … Read more