Author Question: There is greater recognition among some leading global CSR organizations that CSR efforts are an ... (Read 94 times)

imowrer · **on:** Jul 7, 2018

There is greater recognition among some leading global CSR organizations that CSR efforts are an exercise in ________.

A) legislating laws that may or may not protect employee rights
B) reputational management
C) employee branding
D) ensuring that Wall Street firms maximize profits

Question 2

What is the status of global CSR since the recession of 2008-2010?

What will be an ideal response?

katkat_flores · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

Answer: B

Answer to Question 2

Answer: The question being asked is, Can firms competing in the global environment continue the lowest possible production costs while still being in compliance with national laws and also be socially responsible? The global business world often judges management primarily on protecting the firm's bottom line. Hence, it may be easy to be socially responsible in a prospering economy but more difficult when the economy is bad.

There is a growing recognition among leading global CSR organizations that the first 15 years of CSR efforts have produced mixed results, and that significant changes will have to be made if CSR is to be anything more than an expensive exercise in reputational management. Dan Rees, director of the UK's Ethical Trading Initiative, said, CSR in general has become a bit of a victim of its own hypewe have to stop pretending that companies in and of themselves can on their own transform industrial relations in foreign lands. However, a recent study does not fully support these conclusions. In the study on global CSR conducted during the economic breakdown, 44 percent believe that CSR policies will be applied more often as a result of the crisis, 28 percent think that the real meaning of CSR will change in the framework of the new conditions, and 22 percent believe that the crisis will have a negative impact on CSR.