Corporate Social Responsibility is one of the hottest issues in corporate boardrooms these days,?

Question

partly because it is becoming increasingly important to employees & other stakeholders. In your opinion, why have stakeholders. given CSR more attention recently? Does abiding by CSR standards potentialy cause companies to have conflicting objectives with some stakeholders in some situations?

Answer 1

This is quite obviously a question that has been set as part of a business course and you have been tasked with answering it. It is a nice question because it makes a totaly unsubstantiated statement and then asks two open ended questions.

The statement is nonsense. Employees and many other groups have always held corporate social responsibility to be important. It is also important to the corporation as a whole because it builds reputation and long term success.

In recent years, it has become fashionable to allow accountants to control corporations and, being generally unimaginative people, they have aimed for large short term gains. They have done this at the expense of long term growth and the building and maintenance of reputation and loyalty amongst employees, customers and suppliers. This has, in the long term, driven many many corporations into serious trouble. The only way out is to start the process of building the long term values of reputation and loyalty, hence the invention of CSR.

The conflict arrisies because building the long term values is a lot more expensive than it would have been to maintain them in the first place, and a whole generation has got used to the idea of large short term proffits with no thought of their sustainability.

Answer 2

CSR is an issue but I can assure you it is the highest on the agenda. Protecting shareholders' value and interest is the most important. Other hot ones are director responsibilities (SOX), compensation (including back reporting).

Obviously, a corporate doesn't want the image of a villain because of the impact to the share price. CSR issues include
a. employee care (biggest issue is healthcare)
b. environmental damage (if plants are involved)
c. local citizenship (as a good neighbor and as corporate sponsors to local needs)

Some of CSR issues affect employee productivity and a corporation's long and short term bottomeline (say lawsuits about pollution), then shareholders are concerned.

Answer 3

Starbucks Has quite a number of cons besides as professionals's. The socially responsible ones are that it gives you well being coverage and versatile hours to it really is Baristas. many of the espresso grow to be color grown, offered from growers. to that end not encouraging sparkling reducing and espresso plantations and favoring community farmers not company farms ( ordinarily authentic yet not thoroughly), many of the cups have some submit shopper content cloth ( recycled) and many of the espresso grounds are also recycled. The submit shopper content cloth and recycling is extremely constrained via community well being ordnance's on how a lot waste should be used in beverage boxes and dealing with of nutrition waste, there's a touch community giving and on account that they're so hardship-loose they do provide jobs, regardless of the indisputable fact that those days they closed numerous places because they overextended and fired quite a number of people. They penned a cope with eco-friendly Mountain Roasters for espresso pods unmarried servings. there's a huge result on waste production because the pod boxes at the instantaneous are not actual recyclable, should be made up of petrol depending products because of the specs of the gadget. For the corporate spin search for his or her residing house web page on Google. attempt also anti starbucks, to confirm about their competition to unions, collective bargaining, allegations of indiscriminate firings, and some unfavorable environmental moves. No corporation is all solid or all undesirable. Starbucks began as a small corporation with severe beliefs, because it has grown in is way less like ben and Jerry and larger like Wal-mart ( except for the low expenditures), yet they have the Halo results of their previous popularity. i do not understand the perspectives of your professor, regardless of the indisputable fact that the demonstration of social duty should be what they do to promote it or attempt it really is contra to that view.