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One of the benefits of pursuing a strategy of social responsibility and corporate citizenship is
- A. the boost such a strategy gives to the company’s EPS and ROE
- B. the positive impact that such a strategy has on worker job satisfaction and productivity.
- C. an enhanced image rating, provided company spending for socially responsible activities is meaningful and is sustained over a multi-year period
- D. higher sales of branded footwear at the company’s Web sites (because customers are pleased with the company’s commitment to being a good coroperate citizen)
- E. the boost such a strategy gives to increasing the company’s global sales volume and global market share of brand footwear when the company’s advertising is devoted to explaining all of the socially responsible activities it is undertaking.
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♦ Relevant knowledge
Self-regulatory business model that allows an organization be accountable socially to its own stakeholders, and to the public. Through the practice of corporate social responsibility, the company can be aware of the impact they have on the entire society, including social, economic and environmental.
Answer: One of the benefits is an increase in image rating if the company has meaningful social responsibilities that are sustained over a long period of time.
Explanation: CSR is a term that refers to the activities of corporations to promote a positive image of themselves in the minds of consumers. This can lead to customers choosing to purchase products from companies that are csr-operating.
Example: P&G products have been reported to contribute to education and other social development. In such cases, even though the price of some products may be higher, customers don’t mind this as they feel the increase in amt will help at least some of the society’s development.
Answer: One of the benefits is an increase in image rating if the company has meaningful social responsibilities that are sustained over a long period of time.
Explanation: CSR is a term that refers to the activities of corporations to promote a positive image of themselves in the minds of consumers. This can lead to customers choosing to purchase products from companies that are csr-operating.
Example: P&G products have been reported to contribute to education and other social development. In such cases, even though the price of some products may be higher, customers don’t mind this as they feel the increase in amt will help at least some of the society’s development.