LEARN MORE...

GB 570M2 PUG Corporate Social Responsibility & the Value Chain Paper

Content type

User Generated

Subject

Business

School

Purdue University Global

Course

GB 570M2

Type

Essay

Uploaded By

qbtzbz

Pages

Showing Page:

1/7

Corporate Social Responsibility and the Value Chain

Katie Callahan

Corporate Social Responsibility and the Value Chain

GB570M2-01

Showing Page:

2/7

Corporate Social Responsibility and the Value Chain

Corporate social responsibility (CSR) is a self-regulating business model that can

help a company be socially accountable to itself, the public and the stockholders

(Investopedia, 2020). Having a company be aware of their corporate social

responsibility can help them have an impact on parts of society like environmental,

social and even economic. The inclusion of policies of corporate social responsibility

enhances the ability of a firm to effectively manages a value chain and achieve

competitive advantage by transforming business related activities to focus on the needs

of their stakeholders. It develops their code of ethics and promotes public relation

initiatives. It can establish the company’s moral obligations and sustainability efforts

towards their operations. The organizations image will benefit as well as their brand

value.

The CSR can be strategic for the company and they can have opportunity to

engage with the vendors or firms with in their value chain on social issues as well as the

present market opportunities. For instance, having a sustainability initiative and working

with vendors within the value chain to donate non-purchased meals and food to

companies like forgotten harvest.

There are multiple ways in which a company can demonstrate their corporate

social responsible behavior by creating a socially responsible mission. By having a

socially responsible mission shows that it is part of the company, it helps shape who

Showing Page:

3/7

End of Preview - Want to read all 7 pages?

Access Now

Unformatted Attachment Preview

Corporate Social Responsibility and the Value Chain Katie Callahan Corporate Social Responsibility and the Value Chain GB570M2-01 1 Corporate Social Responsibility and the Value Chain 2 Corporate social responsibility (CSR) is a self-regulating business model that can help a company be socially accountable to itself, the public and the stockholders (Investopedia, 2020). Having a company be aware of their corporate social responsibility can help them have an impact on parts of society like environmental, social and even economic. The inclusion of policies of corporate social responsibility enhances the ability of a firm to effectively manages a value chain and achieve competitive advantage by transforming business related activities to focus on the needs of their stakeholders. It develops their code of ethics and promotes public relation initiatives. It can establish the company’s moral obligations and sustainability efforts towards their operations. The organizations image will benefit as well as their brand value. The CSR can be strategic for the company and they can have opportunity to engage with the vendors or firms with in their value chain on social issues as well as the present market opportunities. For instance, having a sustainability initiative and working with vendors within the value chain to donate non-purchased meals and food to companies like forgotten harvest. There are multiple ways in which a company can demonstrate their corporate social responsible ...
Purchase document to see full attachment

Tags: Finance For Business self regulating business competitive advantage Sustainability Program advance customer relations