Altruistic CSR or Strategic CSR? Provide scholarly examples to explain your answer
Post 1
Altruistic CSR goes above and above the minimum criteria that each company must meet. Although an act of altruistic CSR might not directly help the firm, at least not as the project’s primary goal, most actions of CSR do have a beneficial knock-on impact for companies. Consider the following examples, and a business chooses to hold a fundraiser for a nearby charity. Employees participate in various activities, including a non-uniform day, a lottery, and a cake sale. A sum of money is gathered, and an official from the charity comes to the business to take the check. This event may have cost the company money, lost person-hours from staff participating in the event, and no direct influence. Still, the indirect effect may be far: the employees will have fun, which will improve morale. The employees will feel as if they have accomplished something significant. The employees will be grateful that their boss cares enough regarding a charity to place on an event like this (Romani et al., 2012). Strategic CSR is a well-thought-out act of CSR that has a direct and predictable impact on the company. This form of CSR is done largely because of its impact on the company’s bottom line. Depending on the desired objective, the sorts of actions involved might be fairly diverse, and they could be begun as a direct response to an external issue. For example, a newspaper offers a negative review of a company’s environmental goals. As a result, the corporation takes energy-saving measures across the board and issues a press release describing its efforts. They also have a high-profile opening day scheduled for a small society recycling center on their property, and they plan to have a celebrity open it. As expected, they get a lot of attention. Morale is poor, and staff turnover is high. The company isn’t retaining its employees for long enough, activity isn’t getting done, and it can’t afford to raise salaries across the board (Shim et al., 2017). In conclusion, altruistic CSR is more ethical because it infringes on investor property rights, illegally steals stockholder wealth, as well as bestows advantages for the public good at the expense of people for whom the business should care in intimate connections (Srisuphaolarn, 2013). I need 150 words reply whether you agree or not for the discussion post
Post 1
Corporate
Social Responsibility (CSR) refers to the various activities that a
company carries out in its efforts to achieve social benefits. In other
words, it involves all the activities that companies engage in to
support their stakeholders. It is divided into altruistic and strategic.
In altruistic CSR, the focus is on benefiting the stakeholder more than
the company (Srisuphaolarn, 2013).
Here, the company will engage in those activities that are meant to
benefit stakeholders more than itself. On the other hand, strategic CSR
is involving activities that benefit the company more than its
stakeholders. Looking
at the two, I can say that altruistic CSR is more ethical. Here, the
company will engage in projects that are meant to improve the well-being
of its customers and other stakeholders. It is ethical when a company
is actively involved in improving the living standards of its customers (Ghillyer, 2012).
For example, a company can send some of its employees to be part of a
road construction project for free. The company will not demand anything
in return, but it will spend its resources to ensure that the project
succeeds. Not
all companies can send employees to participate in community projects.
This interferes with the normal operations of the company. However,
those that make this sacrifice understand the code of ethics which
requires them to ensure that their customers are safe at all times.
Other than being ethical, altruistic CSR can help a company to attract
more customers since the members of the public will believe that the
company is concerned with their wellbeing.
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