5.11 corporate social responsibility considerations when implementing change

what is CSR?

obligations a business has over and above its legal responsibilities to the wellbeing of employees, customers, shareholders, the general community and the environment

what are the employee considerations?

health and wellbeing, communication, redundancy packages and redeployment of staff

what are the environmental considerations?

local suppliers, energy efficient practices, reduce pollution and waste

what are the general community considerations?

consider the natural environment, local suppliers to support local economy and job creation

why is it important to consider CSR when implementing change?

Customers are likely to reward socially responsible businesses by purchasing more of their products, customers will recommend socially responsible businesses to other customers resulting in a positive reputation for the business, a socially responsible business is able to more easily attract high performing employees