Tick-Tactics

EVIDENCE SOURCES

Click these links to explore
the PROs, CONs, and UNSURE evidence for each topic

029. Management decisions should always take account of corporate social responsibility

  1. 1. Pro: Integrating corporate social responsibility (CSR) into management decisions can enhance a company’s reputation and customer loyalty.
    Harvard Business Review: [CSR and Business Value]
    https://www.surveysensum.com/blog/csr-impact-customer-loyalty
  2. 2. Con: Focusing too much on CSR can distract from a company’s primary business objectives and financial performance.
    Forbes: [CSR and Business Focus]
    https://www.forbesindia.com/article/thunderbird/ethical-dilemmas-in-business-balancing-profitability-corpo-rate-social-responsibility/94309/1
  3. 3. Unsure: The balance between CSR and profitability is a nuanced issue that requires careful consideration of both ethical and economic factors.
    McKinsey & Company: [CSR and Profitability]
    https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/next-in-growth/how-do-esg-goals-impact-a-companys-growth-performance
  4. 4. Pro: Companies that prioritize CSR are better positioned to address environmental and social challenges, contributing to long-term sustainability.
    World Economic Forum: [CSR and Sustainability]
    https://www.weforum.org/stories/2022/06/why-sustainability-is-crucial-for-corporate-strategy/
  5. 5. Con: Some argue that CSR initiatives are often used as marketing tools rather than genuine efforts to make a positive impact.
    The Guardian: [Criticism of CSR]
    https://www.konsyse.com/articles/criticisms-of-corporate-social-responsibility/
  6. 6. Unsure: The impact of CSR on business success can vary widely depending on how it is implemented and integrated into overall strategy.
    Deloitte: [CSR Impact]
    https://www2.deloitte.com/us/en/insights/topics/corporate-responsibility/harnessing-impact-of-corporate-social-responsibility-on-talent.html
  7. 7. Pro: Effective CSR can lead to improved employee satisfaction and retention by aligning company values with those of the workforce.
    Gallup: [CSR and Employee Engagement]
    https://www.gallup.com/workplace/236927/social-responsibility-helps-boost-employee-engagement.aspx
  8. 8. Con: There is a risk that CSR initiatives may be seen as superficial or insincere if not backed by meaningful actions and results.
    Harvard Business Review: [CSR Authenticity]
    https://www.mdpi.com/2071-1050/13/4/2224
  9. 9. Unsure: The role of CSR in management decisions should be continuously evaluated to ensure it supports both ethical standards and business goals.
    MIT Sloan Management Review: [CSR Strategy]
    https://www.mckinsey.com/capabilities/sustainability/our-insights/organizing-for-sustainability-success-where-and-how-leaders-can-start