When a firm focuses on regulatory compliance but makes little actual commitment to CSR what type of strategy is the firm using?

When a firm focuses on regulatory compliance but makes little actual commitment to CSR what type of strategy is the firm using?

INB 300 ch. 14

Term Definition
Defensive Strategy A strategy that focuses on regulatory compliance but with little actual commitment to CSR by top management.
Accommodative Strategy A strategy characterized by some support form top managers, who may increasingly view CSR as a worthwhile endeavor.

When shareholders are considered the single most important stakeholder group of a firm this is called shareholder capitalism?

When shareholders are considered the single most important stakeholder group of a firm, this is called shareholder capitalism. A reactive strategy indicates that the firm’s top management is not really interested in CSR activities. A defensive strategy of the firm focuses on regulatory compliance.

Which of the following are considered CSR stakeholders?

Corporate social responsibility includes the responsible business organization with respect to stakeholders (shareholders, employees, customers, and suppliers), the business relationship with the state (local and national) institutions and standards, the business as a responsible member of society in which it operates.

Which of the following corporate social responsibilities is recommended for MNEs by the UN?

In terms of corporate social responsibility, MNEs should: reinvest some profits in the host country.

Is the consideration of and response to issues beyond the narrow economic?

What is corporate social responsibility? Consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm to accomplish social benefits along with the traditional economic gains that the firm seeks.

What companies do CSR?

Without further adieu, here are our top 100 rankers from India for CSR in 2020.

  • Infosys Limited. Narayan and Sudha Murthy are role models for responsible businesspersons.
  • Mahindra & Mahindra Ltd.
  • Tata Chemicals Ltd.
  • ITC Ltd.
  • Vedanta Ltd.
  • Wipro Ltd.
  • Hindustan Unilever Ltd.
  • Godrej Consumer Products Ltd.

What is the characteristic of CSR?

The six core characteristics of CSR follows as the features which shows how CSR is represented with different initiatives and processes ranging from voluntary activities, managing external factors, stakeholder management, alignment of social and economic responsibilities, considering practices and values and finally …

What makes a strong CSR program?

Steve Rochlin, co-author of Project ROI, presented four elements to a good corporate social responsibility strategy: fit, commit, manage and connect. When done well, CSR creates value for companies through increased brand and employee loyalty, he contends.

How do you develop a CSR strategy?

6 Steps To Building A Sustainable CSR Program

  1. Build your strategy around your company’s core competencies.
  2. Recognize issues that matter to your customers.
  3. Develop CSR initiatives that make your employees proud.
  4. Measure the ROI of your CSR efforts for the C-suite and your investors.
  5. Expand your company’s definition of CSR.

Does a company have to act selflessly to be considered socially responsible?

A company does not have to act selflessly to be considered socially responsible because being selfless implies that the company would get nothing in…

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