Describe the means by which a company engages in CSR and how it derives strategic benefits from its efforts.
Note: This is an MBA Question.
Companies engage in CSR by giving donations source out from company's linkages or through its internal funds.
Liodice (2010) mentioned how these three companies engaged in CSR:
Ben & Jerry "set an extraordinary rate of giving to charitable organizations in the corporate world, donating a full 7.5% of pre-tax profits".
Pedigree distributes "$1.5 million in grants to 1,000 shelters and breed rescues" and "donates one bowl of food to animal shelters every time it gets a Facebook fan".
Whole Foods has also created Whole Planet Foundation, which fights poverty through micro-lending in rural communities around the world. The foundation has raised $1.5 million to ...
Corporate social responsibility is a must for any company. All companies must be involved in any form of CSR as a way of giving back to society. This is a brief discussion of how CSR initiatives are done by leading companies in the world and how they can turn it into benefits for the organization itself.