Topic № 15
Corporate Social Responsibility:
Influencing Positive Change in You

How does corporate social responsibility affect society?

The companies benefit through lower operating costs, increased sales and customer loyalty, greater productivity, gaining ability to attract and keep skilled employees, getting access to more capital through more willing investors etc. CSR is the thoughtful and practical way to give back to the society.

What is the impact of CSR?

CSR helps companies further develop the commitment and loyalty of their customers and employees as well as to increase sales and engage in new business activities.

What are the 4 types of social responsibility?

The four types of Corporate Social Responsibility are philanthropy, environment conservation, diversity and labor practices, and volunteerism.

How does corporate social responsibility affect stakeholders?

Corporate Social Responsibility projects play a strategic role in helping businesses to be seen as having an important impact on their communities. Involving stakeholders in CSR activities will ultimately lead to a greater effect on social causes they care about.

What is CSR strategy?

Corporate social responsibility (CSR) is a new idea, one in which the corporate sector incorporates social and environmental concerns in its strategies and plays a more responsible role in the world. Project managers have the ability to introduce CSR in their work and promote social good within the firm.