CSI is a part of that responsible behaviour. It is the part where a company simply gives to the community without expecting any direct financial returns. The concept of CSI Corporate Social Investment is that you, as a business, are investing in the community, to create long-term benefits for all.
When you uplift the community, you also create a more favourable environment for your business. This is therefore beneficial for the business and the community. To read the other articles related to social responsibility and corporate social investment, you can click on the following links:. You can download the flash cards below to help you with your exam revision.
You will find more on my Facebook page: Nonjabulo SA. Share them with your friends and test each other online. Bown, A. NGO Pulse. The big business might move away or otherwise stop. These small businesses will not be able to continue to operate. Many employees could lose their jobs at the large firms. They would have no money to make use of the small businesses they would usually support. There has been a growing awareness that businesses are responsible to the communities in which they operate.
This is both to the environment and the societies that such activities will affect. Companies see the need to take steps to avoid the negative impacts should they close down or move. Besides this, more and more businesses are seeing that they have an obligation. This obligation is to improve the towns, cities, and countries that they operate in. CSI is the direct monetary investments that a company makes to improve the districts they operate in.
This can be as straightforward as donating to a local charity. This would be the investment into building a school or hospital. There are many other examples: Investing in a reading program or adult literacy classes for the less fortunate, cleaning the local rivers or reforestation projects, or any concrete use of money which falls under the rubric of Corporate Social Investment. CSR runs both broader and deeper. This is where a business refuses to use suppliers that take advantage of child labour.
Or where a company gives excellent maternal benefits, encouraging family stability. It could mean the company obtains its raw materials from sustainable sources, and ensures that its sources are environmentally-friendly. CSR includes the motivation to see that the communities are left better off for having had the business there, to begin with, even when they leave. CSR would be the motivation to leave the world a better place, not only enriching executives and shareholders.
Neither is it to uplift the needs of the unfortunate. The priority of the corporation should be to maximize profits. This is a shortsighted point of view. There is a social concern that is prevalent among consumers today. They also garner loyalty from existing and new customers. And without an environment and without a healthy consumer base there will be no profits. Companies who invest thoughtfully and dutifully into Corporate Social Investment initiatives are going a long way to promoting an equitable and prosperous future in the nation.
Is this a paid theme or did you customize it yourself? We need more powerful advocates from politics and business to expand tax incentives for small business owners. We also need to reform tax loopholes. The CSR is a program of action that able to cut down externalized costs and stay away from distributional conflicts. Meanwhile, the CSI is a program of action that can expand externalized costs and encourage the distributional conflicts.
But about the CSI is mixed into business model of a corporation. The CSR refers to a corporation which can lead to sustainable development but the CSI refer how an organization can make profit and how the corporation spends the certain amount of the money. The example of CSR is like a shoe corporation who give a free of one pair of child shoe for every couple customer purchases.
The last differences the failure or success of the CSI plan will cause a big impact on the business as a whole but the CSR not like that Kotchen and Moon, Show More. For-Profit Ethics Case Summary Words 3 Pages Non-profits should do in-depth research, such as reading news articles and viewing advertisements, of the for-profits that want to sponsor them by checking their mission statements, business practices, and their overall public image.
Read More. The Pros And Cons Of Climate Change Words 4 Pages It is considered a business tactic to create news surrounding issues, in order to distract the consumers from whatever controversial issue that is, or could be, affecting their sales. Volkswagen VW Emission Scandal Words 4 Pages Its previous claim of achieving success economically and ecologically was just a deceitful sales strategy as proven by the emissions scandal.
Write your answers in a table and avoid losing marks unnecessarily. Typically, each point listed, in a full, descriptive sentence, counts for TWO 2 marks. You can download the flash cards below to help you with your NSC exam revision. You will find more on my Facebook page: Nonjabulo SA. Share them with your friends and test each other online. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment.
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