900151
Description
Mind Map by arushi0909, updated more than 1 year ago
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Created by arushi0909
almost 10 years ago
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CSR
- CSR: particular policies keeping in mind cultural, social and environmental aspects.
- Particular policies made keeping in mind cultural, social, political, economical and environmental aspect
- Importance:
- Positive effect on over all image of the firm
- establishes a rel. between firms and community
- Engaging in CSR lays off costs
- firms promote sustainaibility hence demand is as much as supply or even lesser keeping in mind all CSR factors
- firms promote sustainaibility hence demand is as much as supply or even lesser keeping in mind all CSR factors
- Positive effect on over all image of the firm
- Positive Impact of CSR:
- It helps create a well known image of the firm amongst the society and consumers
- Economic benefits:
- Not only saves the environment but it reduces the costs which otherwise would be paid for penalties of harming the environment.
- A more established firm will have more sustainability thus reducing efforts of recruitment and retraining
- employees are more involved, dedicates, increasing effeciency thus increasing profits for the firm
- Not only saves the environment but it reduces the costs which otherwise would be paid for penalties of harming the environment.
- It helps create a well known image of the firm amongst the society and consumers
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