CSR in Practice

Flashcards covering key concepts and vocabulary related to Corporate Social Responsibility (CSR) based on the lecture notes.

Social Enterprise-Social

A business model that aims to address social issues while generating profit.

Amoral

Lacking a sense of morality; indifferent to ethical considerations.

Risks of Not Practicing CSR

Includes damaged reputation, media backlash, labor disruptions, and potential criminal prosecution.

Corporate Philanthropy

Donations of money or goods to charitable causes to promote a positive company image.

Advantages of Corporate Voluntarism

Increased employee morale, improved community relations, and enhanced corporate image.

Trends in Corporate Giving

Includes stronger decision-making processes, cause-related marketing, and social venture philanthropy.

Corporate Sponsorship

Provides businesses with favorable media exposure and opportunities for client engagement.

CSR and Indigenous Peoples

Involves financial contributions, skills training, and support for community development initiatives.

Strategies for Small and Medium Businesses

Listening to stakeholders, starting small initiatives, and designating responsible personnel.

Cautious CSR Adaptors

Companies that adopt CSR practices slowly and with caution.