Reference no: EM133455696
Case Study: Corporate Social Responsibility (CSR) is a major issue in today's corporate world. Many companies worldwide devote significant resources to social responsibility. Pressure from "global citizens" has made the idea of corporate social responsibility a competitive advantage. Many consumers will purchase products and services from an organization they believe is a good corporate citizen. Many talented workers choose companies to work for based on the level of CSR. This has forced corporations in many industries to be accountable to society as a whole.
Instructions:
Perform a social audit on the company you sign up for. You are required to choose for-profit corporations and evaluate the social performance based on independent research.
At the start of your presentation you should include the company's name, logo, mission statement, core values, the nature of its operations and Key Performance Data. Include stock price history.
You must include an overview of Corporate Social Responsibility. Be sure to outline the four measures below.
When evaluating the corporation, it is important to ask which of the four strategies each company uses in terms of social responsibility: proactive (shows leadership in CSR); accommodative (involved to some degree); defensive (do minimum required); obstructionist (fight social demands). To determine what strategy a company employs, answer the following questions:
Questions:
1) What is the organization doing to meet its economic responsibility? (Profitable? Growing? Hiring?)
2) What is the organization doing to meet its legal responsibility? (Anyone suing them? Have they broken any laws?)
3) What is the organization doing to meet its ethical responsibility? (Fair treatment of customers, workers, environment, suppliers)
4) What is the organization doing to meet its discretionary responsibility? (How do they give back to the community?)