The Pros And Cons Of Connecting With CSR

827 Words4 Pages
III Argument: a business or firm should incorporate CSR
Connecting with CSR has many advantages for the organisation, as well as to other environments. The following focuses why a business or firm should consolidate CSR.
1 Public image and long- run profits
Any organisation can build a positive corporate image by participating in social activities. In order to obtain a good image, the business will must instil active efforts. The impact of a good company image cannot be overlooked. This is in light of the fact that a positive image increases profitability and develops sureness, faithfulness, trust, and more grounded relations with stakeholders. An organisation that tries to improve corporate and public image acquire more clients, broader market
…show more content…
2014). Smith (2003) contends that CSR exercises improve the capacity of a firm to attract consumers, investors and employees (Carroll & Shaban, 2010).
He further expresses that consumers claim to be impacted in their purchasing choices by the CSR reputation of firms. CSR not just makes the brand aware among the customers but also prompts a positive brand image in the minds of the potential buyers (Maheshwari and Kumar, 2013). Agreeing with this thought Khanifar, Nazari, Emami and Soltani (2012) states that one of the advantages CSR is reputable for is its capacity to enchase, if not create a business' image and reputation.
From the assessment by various researchers above, unmistakably they all recognise the way that corporate social responsibility activities can be sure to improve the organisation's image. They also agree on the fact that CSR can go beyond upgrading company image, and in like manner bring different benefits to the organisation, which will enhance the general performance of the organisation and in like manner enhance the primary concern of the organisation in all its areas of focus (Mandina et al 2014).
2 Gaining Competitive
…show more content…
Satisfying stakeholders may be useful to build an organisation's competitiveness. Competitive advance contentions argue that, by embracing certain CSR activities, a firm might have the capacity to build strong relationships with its stakeholders and gather their support at lower levels of employee turnover, access to higher talent pool, and client loyalty. CSR activities may exhibit opportunities for a firm that would enable it to satisfy the needs of its stakeholders and in the simultaneously pursue its profits. The quest for these opportunities is conceivable through CSR activities (Carroll and Shabana,

More about The Pros And Cons Of Connecting With CSR

Open Document