Dennis Greeves is the manager of a highly successful, Melbourne-based burger chain - VCE - SSCE Business Management - Question 5 - 2019 - Paper 1
Question 5
Dennis Greeves is the manager of a highly successful, Melbourne-based burger chain. In response to a decline in sales and a change in customer tastes, Dennis has mad... show full transcript
Worked Solution & Example Answer:Dennis Greeves is the manager of a highly successful, Melbourne-based burger chain - VCE - SSCE Business Management - Question 5 - 2019 - Paper 1
Step 1
Define the term 'corporate social responsibility'
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Answer
Corporate social responsibility (CSR) refers to the concept whereby businesses integrate social and environmental concerns into their operations and interactions with stakeholders. It implies that companies have an obligation to conduct their business in an ethical manner, taking into consideration the impact of their activities on the society and environment. This can include practices such as reducing carbon footprints, improving labor policies, supporting community engagement, and ensuring sustainable sourcing of materials.