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CSR (Disadvantages (Profit will have to be recovered elsewhere - higher…
CSR
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Advantages
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Detrimental affect on business - if doesn't get involved in improving community in which it operates
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What?
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Strives to ensure its work benefits as many people, while providing sustainability to future generations
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Need for CSR in SA
Cycle of poverty, crime culture, inequalities of past, dualastic economy (different classes), HIV/Aids, tech advancements (machines take over manual jobs)
PESTLE - Social, tech, ethical & environmental factors
General solutions
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Asses whether adequate employee support - remuneration, policies, cultural sensitivity, advancement opportunities, training support, etc.
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