please answer these questions with examples and details. What is corporate socia
ID: 2723594 • Letter: P
Question
please answer these questions with examples and details.
What is corporate social responsibility and why is it important for us to consider as part of strategic management decisions in organizations1-
Describe the roles of vision, mission and values in the strategic management process.Give an example from your experience of an organization that had one or more of these in place and how it was effective OR ineffective for competitive advantage
Identify an industry that is undergoing intense competition or is being featured in the business press (.....Describe how scenario planning might be used to prepare for future events.Give an example to support your position
Choose an organization you are familiar with, drawing on 5 points regarding structure, design and culture from Chap 11, describe 5 points briefly as related to the organization.
Explanation / Answer
Answer
Answer 1
What is corporate social responsibility and why is it important for us to consider as part of strategic management decisions in organizations
Corporate social responsibility abbreviated "CSR," is a corporation's initiatives to assess and take responsibility for the company's effects on environmental and social well being. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups.
CSR may also be referred to as "corporate citizenship" and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.
A strategic approach to CSR is increasingly important to a company's competitiveness. It can bring benefits in terms of risk management, cost savings, access to capital, customer relationships, human resource management, and innovation capacity. It also encourages more social and environmental responsibility from the corporate sector.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.