Shaanxi mining Company (GH) Ltd. is a Chinese mining company operating in Ghana. Using relevant examples discuss four (4) factors that might propel Shaanxi to engage in Corporate Social Responsibility (CSR).
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- How does the definition of Corporate Social Responsibility (CSR) differ from that of sustainability? Provide one example explaining the above.It is now generally accepted that business responsibility does extend beyond simply making a profit. Which of the following can be listed as business reasons for CSR? Please select all that apply. a. By engaging in voluntary CSR, corporations may avoid government legislation. b. Socially responsible firms may find it easier to attract employees, who may be more committed. c. Socially responsible companies voluntarily solve the social and environmental problems their activities have caused. d. All options are correct.In terms of the four major theories of the social responsibility of business, write addressing which one of the theories you most enthusiastically support, and why. Do you think the government should regulate social responsibility in business?
- Describe Carroll’s corporate social responsibility perspective and explain how it differs from Friedman’s perspective.In the realm of business ethics, the concept of corporate social responsibility (CSR) plays a pivotal role. Corporate social responsibility involves businesses acknowledging and taking responsibility for the impact of their activities on society and the environment. Beyond financial gains, companies are increasingly expected to contribute positively to the well-being of the communities they operate in and the world at large. This includes initiatives related to environmental sustainability, social justice, and philanthropy. Embracing CSR not only aligns with ethical principles but also enhances a company's reputation and brand image. Stakeholders, including consumers and investors, are increasingly prioritizing socially responsible businesses, making CSR an integral component of modern business ethics. Question: How can businesses strike a balance between maximizing profits and fulfilling their corporate social responsibility, ensuring that their pursuit of financial success aligns…Research for a company that has Corporate social responsibility (CSR). What are their CSR activities and how it helps the company? What are its benefits to the company?
- According to shareholder value thinking, Corporate Social Responsibility (CSR) initiatives:Select one:a. Enable companies to addresses social issues that were caused by them and allow them to be part of the solution.b. Are costly and dilute a company’s focus on economic activity and productive role in society.c. Have a positive effect on reputation, through which companies can gain more customers and attract shareholders and high-quality employees.d. Improve a firm’s performance through goodwill and public image.Corporate Social Responsibility (CSR) refers to a business approach that integrates social and environmental concerns into its operations and interactions with stakeholders. CSR involves initiatives aimed at addressing social issues, promoting sustainability, and contributing to the well- being of communities. These initiatives may include philanthropy, environmental sustainability efforts, ethical business practices, employee volunteer programs, and community development projects. Implementing CSR practices can enhance a company's reputation, attract socially conscious consumers and investors, and foster long-term business sustainability. Question: How does corporate social responsibility contribute to the overall reputation and long- term sustainability of a company?How does PWC engage in CSR
- Identify each level of CSR based on Carroll’s CSR Framework.(Guideline: Write about any other three suitable CSR activities which can be conducted by the companies you selected. Also write, what will be the benefit of your proposed CSR to the companies and public)Choose your favorite company and go to their website. Investigate to see what types of corporate responsibility the company engages in. Provide a link to this section here. Describe the company’s CSR activities. On a scale of 1-10, with 10 being best, how would you rate your selected company’s CSR efforts (explain why)?