Unit 19 Research Project Assignment 1: Impact of Corporate Social Responsibility on Business Success & Community Wellness

Assesment: Report (5000 words)

Learning out come: LO1, LO2, LO3, LO4

Scenario –
‘Corporate social responsibility (CSR) is the idea that a business has a responsibility to the society that exists around it. Firms that embrace CSR are typically organized in a manner that empowers them to act in a socially responsible way to positively impact the world. It’s a form of self-regulation that can be expressed in initiatives or strategies, depending on an organization’s goals. Many organizations communicate these efforts to external and internal stakeholders through corporate social responsibility
reports (Stobierski, 2021).’

TYPES OF CORPORATE SOCIAL RESPONSIBILITY

CSR is traditionally broken into four categories: environmental, philanthropic, ethical, and economic responsibility.

1. Environmental Responsibility
Environmental responsibility is the belief that organizations should behave in as environmentally friendly a way as possible. It’s one of the most common forms of CSR. Some companies use the term “environmental stewardship” to refer to such initiatives.

2. Ethical Responsibility
Ethical responsibility is concerned with ensuring an organization is operating in a fair and ethical manner.
Organizations that embrace ethical responsibility aim to practice ethical behavior through fair treatment of all stakeholders, including leadership, investors, employees, suppliers, and customers.

3. Philanthropic Responsibility
Philanthropic responsibility refers to a business’s aim to actively make the world and society a better place.

4. Economic Responsibility
Economic responsibility is the practice of a firm backing all of its financial decisions in its commitment to do good. The end goal isn’t just to maximize profits, but also to make sure the business operations positively impact the environment, people, and society.

The student can refer to the below link in Harvard Business School Online to get more information about CSR
https://online.hbs.edu/blog/post/types-of-corporate-social-responsibility

Students are to choose their own research topic and conduct strong, individual research projects with clear, well focused and defined objectives.

Your topic should cover the following:
• Impact of CSR programmes on any of the following dimensions – marketplace, workplace, community, environment

Reflective Report:
Reflection on the merits, limitations, and potential pitfalls of chosen methods. Critical and objective self-reflection to inform personal development along the research journey. Reflection in action and reflection on action. Using self-reflection to inform and develop future behaviors, considerations, and actions.

Answer

Request Answer of this Assignment