Corporate Social Governance,Social Responsibility and Ethics Assignment Help
Explain what is Kano model? What is important, customer satisfaction or customer loyalty? Write Blog in any subject from Book strategic management
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Strategic management and CSR, Ethics and Governance
Strategic management invariably is including corporate social governance, social responsibilities and ethical compliance in organizational functionality at present. There is increased consciousness now a days for the organization management to make CSR and ethical compliances as part of the strategic management practices. Infact, organizations now believing it is more not an aspect of social responsibility, rather compliance with CSR and Commitment to CSR will promote customer loyalty as well (Kiesling et al.,2016). Strategic management of CSR initiatives included developing steering committees to fix the direction and profile of CSR and ethical compliances; developing organizational committees to incorporate ethical guidelines and to monitor compliances of the same in the organizational operations. Other activities include tuning vision and mission in line with the CSR and ethical commitments. Further alignining corporate governance with these vision and mission directives is part of the organizational strategic management activities.
Typical personal and professional observations included practices employing certain fraction of the organization revenues for corporate social responsibility initiatives like improving health of women, children and other people. Also there is considerable focus on social governance, Governance committed to values, principles, pro-active thinking, non-discrimination, environmental responsibility (Kolk, 2016) etc. This is a welcome change observed. Some of the innovative approaches observed include community participation, focussing more on the local social problems and promoting global social inequality mitigation priorities etc. Strategic management effectively working out to prepare activities, working out the strategies for effective tackling of problems and finally updating the focus priorities as well.
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