Description
Question - You are assigned Director of Corporate Social Responsibility (CSR) for your assigned firm. You must present your 5-year strategic plan for your company. For clarity - this is the same assigned firm that you used for the WACC assignment. (Kimberly Clark )
- Provide an executive summary with details on specific actions to balance - profits, people, and planet (environment)
- Research current "best practices" in CSR for your company
- Plan specific CSR actions - one to address profits, one to address people, and one to address planet
- Develop the business case and social case for your specific CSR actions for your assigned company
- Project the impact on financial statements, ratios, WACC, and other key statistics - currently and in the next 5 year when your plans are implemented
Explanation & Answer
Attached.
Running Head: Director of Corporate Social Responsibility (CSR) for Kimberly-Clark
Director of Corporate Social Responsibility (CSR) for Kimberly-Clark
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Director of Corporate Social Responsibility (CSR) for Kimberly-Clark
Executive Summary
In the today’s business environment companies should not only focus on generating profits for
its shareholders but should also take into account other aspects of the environment or the people
and the planet. This is the essence of corporate social responsibility is the promotion of
community welfare by having open business practices. As a director of corporate social
responsibility of Kimberly-Clark, I will involve CSR strategies so as to protect its reputations,
involve stakeholders in their goals and comprehend and manage risk. By practicing CSR, the
company will benefit by reduction of cost and risk, being more competitive, the realization of
win-win outcomes by determining a value and developing the reputation. Thus by application of
CSR, Kimberly-Clark will be able to promote the healthy relationship between it and the general
society.
Research current "best practices" in CSR for your company
Consumers want to rewards businesses which are aggressively being involved in corporate
social responsibility. As a director of corporate social reporting, we shall engage philanthr...
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