Corporate Social Responsibility Concepts

The video by Surbi on her channel 'Key Differences' explains Corporate Social Responsibility (CSR). It covers the definition, need, characteristics, and importance of CSR. CSR is described as a commitment by organizations to act ethically, contribute to economic development, and improve the quality of life for employees and society. The video highlights CSR's role in creating a positive public image, ensuring fair wages, providing quality products, promoting social engagement, and reducing pollution. It also discusses CSR's characteristics, such as ethical practices, environmental sustainability, and stakeholder engagement, and emphasizes its importance in building a positive reputation and boosting employee morale.

What is the primary focus of Corporate Social Responsibility (CSR)?

• Expanding market share

• Maximizing profits

• Acting ethically and contributing to societal well-being

• Improving employee productivity

How does CSR help in creating a positive public image for a company?

• By reducing production costs

• By offering discounts to customers

• By integrating CSR into brand equity

• By increasing advertising budgets

Which of the following is a characteristic of CSR related to environmental sustainability?

• Increasing production speed

• Minimizing waste and adopting eco-friendly practices

• Reducing employee benefits

• Using non-renewable resources

What is one way CSR can positively impact employee welfare?

• By offering free meals

• By ensuring fair wages and safe working conditions

• By reducing working hours

• By providing company-branded merchandise

Why is transparency and accountability important in CSR?

• To increase product prices

• To ensure companies are open about their practices and impact

• To reduce marketing expenses

• To limit employee interactions

How can CSR initiatives contribute to community development?

• By limiting community engagement

• By reducing employee salaries

• By focusing solely on profit-making

• By addressing local issues and supporting education and healthcare

What is a potential benefit of CSR programs for employees?

• Decreased job satisfaction

• Higher retention rates and improved morale

• Increased workload

• Reduced training opportunities

How does CSR help mitigate risks associated with environmental, social, and governance issues?

• By ignoring regulatory requirements

• By reducing employee benefits

• By focusing on short-term profits

• By implementing sustainable business practices

What is the role of stakeholder engagement in CSR?

• To actively engage and respond to stakeholder concerns

• To reduce marketing efforts

• To limit communication with customers

• To increase product prices

What is the overall importance of engaging in socially responsible practices?

• To increase short-term profits

• To reduce employee benefits

• To build a positive company image and contribute to long-term viability

• To limit community involvement