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Corporate Social Responsibility (CSR) - Coggle Diagram
Corporate Social Responsibility (CSR)
Principles of CSR
Sustainability
Is the responsible use of resources so they can regenerate.
Transparency
Implies that companies should report their effects in their environment
Accountability
Is the recognition of the responsibilities that a corporation has inside a societal network
Stakeholders
Divisions
Part of the organization
External
Internal
Why are they stakeholders
Involuntary
Voluntary
Who they are
Managers
Employees
Customers
Investors
Shareholders
Suppliers
Government
Society at large
The local community
Stakeholders theory.
In theory, all stakeholders should have a voice during the deciding process of the organization.
What is it?
Is defined as the relationship between any kind of corporation, like a government or companies and individuals or the society
Why is it important?
Poor business behavior towards customers.
Treating employees unfairly.
Ignoring the environment and the consequences of organizational action
For companies
They gain a better reputation with their customers.
But it can concern some stakeholders.
Some stakeholders