Disadvantages Of Corporate Social Responsibility

1294 Words6 Pages
A business has various rights and responsibilities concerning safety, health and workplace. Some of the responsibilities are profit-related while others are not. “Corporate Social Responsibility is a business’ approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders” [SS Video Walden, 2017. Youtube. [online]. Available at https://www.youtube.com/watch?v=j3EQ9npXXGY. Accessed 10th February 2018] This term generally applies to efforts that go beyond what may be required by environmental protection groups or regulators. CSR generally impacts all stakeholders, which means that it brings benefit to those who are directly involved in the business (e.g. workers, manager) as well as those who are indirectly involved/ are effected by the business (e.g. government, residents of UK etc). There are various examples of CSR in practise such as the Chick-fil-A restaurant chain based in Atlanta, Georgian which has earned an outstanding reputation. The company manages foster homes for around 120 children, has hosted roughly 21,000 children since 1985 and has also sponsored major charity golf tournaments. Advantages + why + impact + real example. The business is able to enjoy various advantages if it practises CSR in a responsible way. The first and most important one is brand image. Addressing stakeholder concerns would bring the business a good brand image. The business would be respected worldwide as all
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