CSR Coursework Example | Topics and Well Written Essays - 500 words

CSR - Coursework Examplethe interests of the society by being considerate of its pertain on the society, customers, shareholders, suppliers, employees, communities and the environment in which the communication channel operates from. Socially responsible organizations take the initiative of following the laid down legislation and also takes care of its employees and their families voluntarily without being under any obligations (p.199).They continue to say that CSR just means the strategies that organizations use to conduct their business ethically by being society friendly. CSR involves a lot of activities like partnering with local communities, investing in socially sensitive ventures, having an excellent employee, customers and family relations and lastly being involved in environment conservation activities (Ismail, 2009, p.199).According Gotherstrom (2012), organizations like H&M can use the Stakeholder theory of CSR. It involves the organization management putting into consi deration economic and social factors that affect the business during its decision making in its operation.in this case the stakeholders involved include investors, political groups, communities employees, trade associations, government etc. These all stakeholders affect the business in i way or another but the business has to find ways and means of keeping them happy. This theory is not only how the shareholders can make more than profits but also of how the organization can make decisions that will affect how the society views (p.8). The application of this theory has been on the rise especially collectible to the rise activists and environmental groups. (p.9) In the case of H&M, we find that it is involved in its CSR activities to atone for the condemnation that it received from Greenpeace in the year 2011for discharging hazardous sewer water with chemicals which could affect the environment negatively. This is demonstrated by the way it partners UNICEF to help children in Ban gladesh.The next CSR is Legitimacy Theory this