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level: W12 CSR across countries

Questions and Answers List

Question	Answer
Corporate social responsibility (CSR) can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm.” (Luthans & Doh, 2018: 85)	How would you define CSR?
Long term survival can not be achieved without a CSR mindset. Reputation will decrease possibly damaging revenues.	Why do firms engage in CSR?
Investing in long term bussines competitiveness that in the same time creates some sort of social or environmental benefit.	"The shared value debate"
Charge premium prices for your product. Can be risky since customer might change to a cheaper competitor.	How can you boost revenues by embracing a green business style?
Some green technologies can reduce costs. Going for a lean bussines model will most likely reduce waste and essentially cut some costs resulting in a more profitable organization. Nike & Toyota	How can you reduce costs by embracing a green business style?
Modern generations are prefering green sustainable businesses. Employing these individuals will furthermore expand on the issue.	How can you attract valuable human capital by embracing a green business style?