Question: Consider examples of CSR practices that could have a negative financial impact (losing business associations, having an unintended negative consequence on another group through CSR

Consider examples of CSR practices that could have a negative financial impact (losing business associations, having an unintended negative consequence on another group through CSR practices, etc.). The examples could be from an organization that instituted the business practices or from another group that was directly or indirectly affected by those practices

illustrate an explanation of how ethical and/or positive social change practices can help an organization mitigate risks of engaging in CSR efforts. In your explanation, do the following:

  • Identify at least two examples of CSR practices that had or could have a negative financial impact either for the organization or for other groups. Be sure to include what that potential impact could be.
  • Analyze the risks and benefits of instituting CSR practices and include which one outweighs the other (i.e., risks vs. benefits).
  • Propose how an adherence to ethical standards and/or a drive toward positive social change can help managers overcome negative outcomes. Include how this adherence could apply to each example you provided.
  • provide reference

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!