Csr: the Proverbial White Elephant?

Corporate Social Responsibility (CSR): The Proverbial White Elephant? pattern: Evelyn Gathuru Institution: Catholic University of Eastern Africa Course: DPM 527 (Strategic Planning Techniques) scholarly person Number: 1014132 Table of Contents 1. Executive Summary3 2. Introduction4 2. The CSR take6 2.1 The Business Case for CSR6 2.1.1 CSR Boosts a Companys composition6 2.1.2 CSR Increases Innovation7 2.1.3 CSR Increases Efficiency8 2.1.4 CSR Increases Government and Political Support8 2.2 Arguments against CSR9 2.2.1 fashioning profits is the only responsibility of a subscriber line9 2.2.2 CSR Is not Profitable10 3. CSR in Developing Countries11 4. Beyond Rhetoric13 5. closing curtain14 6. References16 1. Executive Summary CSR can be defined as a concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a uncoerced basis (Prieto-Carron, Lund-Thomsen, Chan, Muro & Bhushan, 2001). It is the view that businesses have a moral and monetary obligation to act responsibly. This idea is immensely controversial and polarised.

Advocates for CSR ask that it makes good business sense because it can increase a keep companys revenues. This is brinyly due to the good jut out that a company creates for itself as it engages in social and environmental causes. CSR also stimulates debut as companies are forced to enter new processes that have less negative impacts on the society. This innovation creates new business opportunities for the company, thereby increasing its sales and revenues. Furthermore, businesses that helper the society may receive political and government support. This may be in the form of incentives such as valuate breaks that will benefit the business. Thus, CSR can increase a companys returns. There are also numerous arguments against CSR. The main one is that the focus of businesses is to make... If you want to get a rise essay, order it on our website: Orderessay

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