CSR in Action? Why does McDonalds advertise its subscribe to of the Olympics, its environmental protection activities,in the bags? Because some of these advertisements gives the impression to consumers that they are a good supportive company The company is interest in attracting more long-term customers By drawing past from the detail that there food is not healthy they assign the help on something else The company is trying to enhance there securities industry of embodied laws CSR: The kind tariff of corporations to enhance social clubs eudaemonia OBJECTIVES 1.Introduction 2.Two views of CSR: a.Shareholder View Maximizing shareholder honour in the long run enhances communitys welfare Problems with Shareholder View of CSR Examples: Bhopal disaster, NIKE, Torontos sweatshops b.Stakeholder View hard considerations should be given to stakeholders interest (employees, consumers, local communities) in devising corporat e presidency decisions Multi-fiduciary duties, shareholder activism, transparency & public handicraft (internal governance strategies) Does this work? Consider sweatshops in Toronto 3.
Conclusion SHAREHOLDER bug out OF CSR Maximizing shareholder value/profits ultimately enhances societys welfare Instrumental View of CSR Friedman (1970), Jensen (2000) Social responsibility of corporations is to maximise profits or shareholder value in spite of appearance the constraints of law and social morality Society benefits from profit objectives of corporations: profession creation, Supply of high quality , clinical depression price goods and serv! e Technological innovation Taxes and Public Funding for Public dish near STRATEGIES OF SHAREHOLDER VIEW OF CSR Strategies for competitive advantages Social enthronisation to name competitive advantage (philanthropic investment in areas relate to business e.g. telecom teaches computer to students from local communities) The sponsor concerts provided that...If you requisite to repulse a full essay, order it on our website: BestEssayCheap.com
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