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Corporate Social Responsibility - Coggle Diagram
Corporate Social Responsibility
Pyramid of Corporate Social Responsibility.
Philanthropic
Corporate citizenship
Ethical
Do what is right, just and fair
Legal
define minimum acceptable standard
Economic
Gain and sustain competitive advantage
does corporate social responsibility build competitive advantage in different country
United Arab Emirates, Japan, and India are less interested in corporate social responsibility.
China, Brazil, and especially Germany are more interested in CSR.
agency cost
Cost
incentive cost
provide the agent with more incentives
monitoring costs
the principal can monitor the agent's behavior more
enforcement cost
penalties for non-compliance
example
McDonald & franchisee
Problem
moral hazard problem
adverse selection problem
Value-creation framework
Expand customer base and bring in non-consumers
Expand internal firm value chains by including more non-traditional partners
Focus on creating new regional clusters
corporate governance
is the system of rules, practices, and processes by which a firm is directed and controlled.
need to balancing the interests of a company's stakeholders
