CSR Considerations

Question 1

Define CSR

Answer 1

CSR is an ongoing commitment of the business to act responsibly with regards to economic, social and environmental issues by going above and beyond legal requirements

Question 2

When answering a BLT question (discuss, evaluate, explain) regarding CSR what needs to be included?

Answer 2

A specific consideration and what part of CSR it involves (People Plants Profit)

Question 3

2 examples of CSR considerations in inputs

Answer 3

Using local suppliers in order to support local jobs and the economy, Using renewable energy such as solar to power facilities and reduce carbon footprint

Question 4

2 examples of CSR considerations in processes

Answer 4

Ethical disposal of waste to not upset customers, Ensuring employee health and safety goes beyond what is legally required to show the business cares

Question 5

2 examples of CSR considerations in outputs

Answer 5

Creating high quality goods that are worth the money, Packaging decisions in terms of the materials used and environmental impact

Question 6

2 Advantages in acting ethically

Answer 6

Builds a positive reputation within given industry, Improves society/environment/economy

Question 7

2 Disadvantages in acting ethically

Answer 7

Costly for the business to maintain, Time consuming for the business to organise and maintain