- 15 Marks
Question
Corporate Social Responsibility (CSR) is a business model that helps a company be socially accountable to itself, its stakeholders and the public. CSR is a voluntary activity, not a mandatory one.
Required:
a. Explain FIVE theories of Corporate Social Responsibility (CSR)
(5 Marks)
b. Discuss the implementation, challenges and benefits of CSR in Nigeria.
(10 Marks)
Answer
a. Theories of CSR:
- Shareholder Theory: Maximize shareholder value.
- Stakeholder Theory: Balance stakeholder interests.
- Triple Bottom Line: People, Planet, Profit.
- Corporate Citizenship: Community involvement.
- Ethical Theory: Moral obligations.
b. Implementation, Challenges, and Benefits of CSR in Nigeria:
- Implementation: Policies, partnerships, reporting.
- Challenges: Cost, corruption, lack of awareness.
- Benefits: Reputation, loyalty, sustainability.
- Tags: Benefits, Challenges, Corporate Social Responsibility, CSR Implementation, CSR Theories
- Level: Level 2
- Topic: Corporate social responsibility, Ethics in Business
- Series: MAY 2024
- Uploader: Samuel Duah