Question

Why do some firms, industries, and cultures have different CSR thresholds than others? Illustrate your answer with real examples for all three categories.

Answer 1

Some firms, industries and cultures have different corporate social responsibility (CSR) thresholds than others due to differences in the operating area, level of business complexity and legal and cultural differences between countries.

Corporate social responsibility is an increasingly growing requirement in today's society, which considers organizations to be institutions that promote social and environmental development.

CSR types can be:

• Philanthropy

• Preservation of the environment

• Diversity and Work Practices

• Volunteering

Therefore, each company will identify the best strategy to implement CSR in its processes, in order to create value for stakeholders, increase employee satisfaction, be more competitive and positioned in the operating market.

Learn more about CSR here:

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