Topic : MANAGING CSR AND ETHICAL BEHAVIOUR.

Explain what is meant by ‘corporate social responsibility’ (CSR) and the implications for management. In your answer discuss the three organisational stances on CSR and the consequences for an organisation’s success or failure. Use examples to illustrate your answer . 250 words

These are the Managerial implications:

Philanthropy

Pricing

Employee relations

Resource conservation

Product quality

These are the 3 organisational stances on CSR:

Meeting social obligations (maximise profits) -What the law requires, To meet economic goals

Being socially responsive (social norms & values)- Social pressure, Public demand

Being socially responsible (impact on society)- Positive societal impact, Minimise harm