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Corporate Social Responsibility & Business Growth - Collateral Effects on Business & Society (Hardcover)
Loot Price: R5,741
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Corporate Social Responsibility & Business Growth - Collateral Effects on Business & Society (Hardcover)
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Corporate social responsibility (CSR) is a concept that has been
evolving since the 1950s; by 2015, it has evolved into an integral
mindset, a strategy by which firms may promote and attain business
and societal growth and development. CSR is a strong business
strategy and a determining factor in stakeholder perceptions and
ultimate decision making. As firms and society are acknowledged as
equal parts of a symbiotic relationship, the effective engagement
in CSR enables businesses to tackle and alleviate social issues,
such as poverty, hunger, lack of healthcare, the environment's
destitution, and warrant empowerment and education, amongst others,
whilst tending to core objectives and strategies. The effective
design, execution, and transparent communication of corporate
social responsibility endeavors, in fact, shape the outcome of
business and social growth and development. The communication of
CSR efforts is, therefore, vital to the fulfillment of strategic
objectives because social networking sites (SNSs) are ubiquitous
and have rapidly become a preferred source of information. Firms'
use of such platforms proves to be fruitful because SNSs not only
enable stakeholder to stakeholder word of mouth, but also
facilitate firm-to stakeholder communication. As such, the notion
of marketing CSR via social media is more than buzzword or trend.
It is potential viral information, or viral marketing. The book
offers strong results from the perspectives of both stakeholders
and firms' CSR related practices in an emerging market. It also
demonstrates that as corporate social responsibility is viewed as
an investment, it provides fruitful outcomes for business as well
as for the communities surrounding firms. CSR is addressed as a
strategically co-created proactive plan that prompts sustained
social and business growth and development.
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