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Corporate social responsibility - Coggle Diagram
Corporate social responsibility
company's management of impacts :!:
social :silhouettes:
environmental :deciduous_tree:
economic :money_mouth_face:
triple bottom line
Shareholders :moneybag:
Stakeholder :moneybag:
Internal :inbox_tray:
shareholders :money_mouth_face:
board :clipboard:
managers :male-office-worker::skin-tone-3:
employees :construction_worker:
external :outbox_tray:
suppliers :articulated_lorry:
customers :shopping_trolley:
competitors :sports_medal:
creditors :pound:
governments :globe_with_meridians:
media :film_projector:
local communities :world_map:
general public :silhouettes:
prioritisation :!:
analysis
Hil et al :male-office-worker::skin-tone-2:
Identify stakeholders
Identify stakeholders’ interests and concerns
As a result, identify the claims stakeholders are likely to make on the firm
Identify the stakeholders who are most important from the firm’s perspective
Identify the resulting strategic challenges (pressures that affect the firm’s likelihood of success)
Carroll's pyramid :small_red_triangle:
Philanthropic Responsibilities
Ethical Responsibilities
Legal Responsibilities
Economic Responsibilties
sustaibability
:male-office-worker: Aguinis conceives CSR as ‘context-specific organizational actions and policies that take into account stakeholders’ expectations and the triple bottom line of economic, social, and environmental performance
reporting :spiral_note_pad:
creating shared value :money_mouth_face:
link
business opportunities & threats :skull_and_crossbones:
firm assets :moneybag:
social needs :silhouettes:
goes beyond CSR - integrating responsible behaviours into the core of the business.
Corporate social irresponsibility
doing harm :-1:
e.g. - human-rights violations, price fixing, customer cheating and environmental damage