With reference to theoretical model(s) and empirical examples, discuss how a range of selected global companies have implemented
Global companies have implemented to their corporate responsibility
Note that each requires students to: Refer to ”specific theoretical approach(es) and empirical examples”
Evaluate, Assess and Critically analyse how global contemporary companies ….
…have reacted to the issue in question.
Essay Question: corporate responsibility and sustainability practices
Q2. With reference to theoretical model(s) and empirical examples, discuss how a range of selected global companies have implemented to their corporate responsibility and sustainability practices to achieve the expectations of their diverse stakeholders
Corporate Social Responsibility (CSR) allows businesses large and small to enact positive change. When companies choose to do what is right not only for their bottom line but also benefit financially while building trust with consumers.
Consumers feel that when they use a product or service of a socially responsible company, they are doing their part. The more socially responsible the company, the more supportive the community and consumers become.
Corporate social responsibility helps build trust, raise awareness, and encourage social change. Although there are tens of thousands of companies doing their part, large global corporations’ efforts have far-reaching results that can impact major world issues from hunger and health to global warming. Here are examples of how some major brands are doing CSR successfully.
Examples of Corporate Social Responsibility in Action
Corporate social responsibility comes in many forms. Even the smallest company impacts social change by making a simple donation to a local food bank. Some of the most common examples of CSR include:
Firstly, reducing carbon footprints
Secondly, improving labor policies
Thirdly, participating in fairtrade
Further, charitable giving
Additionally, volunteering in the community
Further, corporate policies that benefit the environment
Moreover, socially and environmentally conscious investments