Assess the impact of corporate social responsibility policy on the workplace 

Assess the impact of corporate social responsibility policy on the workplace and the corporate world. How, and to what extent, corporate social responsibility can be coordinated with an organization’s obligation to maximize profits for its shareholders.

Assess the impact of corporate social responsibility policy on the workplace

Complete the following:

Firstly, Assess the impact of corporate social responsibility policy on the workplace and the corporate world.

Secondly, assess how, and to what extent, corporate social responsibility can be coordinated with an organization’s obligation to maximize profits for its shareholders.

Thirdly, Identify a potential ethical issue at a real-world organization. You may use the organization and issue you used in the first and second assessments.

Fourthly, Assess the ethicality of the organization.

Further, Identify the major stakeholders and their roles and responsibilities regarding the issue.

Additionally, Assess the potential impact of the organization’s choice to address or not address the issue via corporate policy.

Also, Address the financial and legal impacts of this choice on the organization, employees, and other stakeholders. In addition, address the potential impact on the organization’s reputation.

More details;

What is the impact of corporate social responsibility?

Being a socially responsible company can bolster a company’s image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.

Does corporate social responsibility impact on employee engagement?

The findings were that the more a company actively engages in CSR practices, the more engaged their employees are. Also, results from a study produced by the Society for Human Resources Management (SHRM) show that companies with sustainability programs have higher numbers of employee morale and loyalty.

What are the responsibilities of business in their corporate decisions?

In the context of good corporate governance, a corporate enterprise must recognise the rights of shareholders and protect their interests. Its special responsibility is that in its efforts to increase profits or shareholders’ value it should not pollute the environment.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *