Answer to Question #235312 in Management for Kamogelo Moloko

Question

Mention two CSR programmes that can help to deal with the concerns raised by the stakeholders; and explain why the programmes will be beneficial to the stakeholders. [

Answer 1

·        Philanthropy

·        Environmental Conversation

Knowledge Sharing

Some stakeholders in the organization are quite knowledgeable and may actually help the organization in developing CSR codes and standards (Kim et al, 2014).

Reduces Risks

CSR programmes will be beneficial to the shareholders in that the organization will be producing products that do not harm the social and environmental fabric of the society.

References

Kim, M. and Kim, Y., 2014. Corporate social responsibility and shareholder value of restaurant firms. International Journal of Hospitality Management, 40, pp.120-129.