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Corporate social responsability - Coggle Diagram
Corporate social responsability
Ethical objetives importance
Building up customer loyalty
they trust and respect the business
Creating a positive image
they shop to businesses with a good reputation
Developing a positive work enviroment
well-motivated staff= competitive advantage
more atractive to potencial employees
Reducing the risk of legal redress
will damage the firm reputation
Satisfying customers expectations
Increasing profits
customers purchase from business that behave ethically
Impact of etical objectives
The business itself
Costs are likely to raise
Competitors
to mantian the market position, the competitors have to respond
Customers
develop a brand loyalty
trust more the business
Local community
good relationship with the community
more employement and goodwills
Goverment
recognize business with etical objectives
they foster ethical objetives