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Corporate social responsibility (Examples of CSR Vaules (Avoiding human…
Corporate social responsibility
Maintaining CSR means operating business in a manner that meets or exceeds the ethical, legal, commercial, and public expectations of stakeholders.
Failure to develop a CSR has important negative consequences for the firm.
Companies that practice CSR aim to do more for the betterment of other than is required by laws, regulations, or special interest groups.
Firms that practice CSR behave ethically and support a voluntary, self-regulated business models.
Settings of CRS
Workplace CSR
focuses on the firms employees and implies thoughtful approach to diversity, recruitment, salary, safety, health and working conditions.
Marketplace CSR
Company interactions with customers, competitors, supplier and distrubtoners. It implies approaches behaviour regarding product development, marketing and advertising. As well as approaches that suppliers and distrubtures follow
Environmental CSR
Firms activities to minimise or illminaintate the creation of pollutants as well as efforts to improve the natural environments
Community CSR
Accounts for the firmsactivities aimed at benfiteing the communicy and society.
Examples of CSR Vaules
Avoiding human right abuses
Upholding the right to join or form labor unions
illmanting child labour
Avoiding workplace discrimination
Protecting the natual environment
Guarding adaginst corruption
Promate the welfare of others
Successes and failures of CSR