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Explain the concept of corporate social responsibility

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Reference no: EM133053514

Explain the concept of corporate social responsibility (CSR) and how it differs from business ethics.

  1. Propose the benefits of effective CSR. For example, does effective CSR boost the bottom line? If so, why? Does an effective CSR program impact attracting talent to the organization? Can CSR attract investors?
  2. Contrast those benefits with any drawbacks to CSR. For example, how do organizations balance shareholder and stockholder interest? What are the costs of creating and maintaining a CSR program?
  3. Identify the role of organizational values in CSR.
  4. Now that you have looked at the pros and cons of CSR and the role of organizational values, add the dimension of globalization and analyze the overall impact of CSR on contemporary organizations. What do organizations need to consider in terms of international ethics? What are the cultural dimensions relevant to CSR?

Reference no: EM133053514

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