What do you understand by ‘Corporate Social Responsibility’? How can it help companies become more lucrative and coveted by employees?
Parents should monitor their children’s online activities to protect them from digital threats while balancing privacy and autonomy. Effective monitoring involves setting clear, age-appropriate boundaries and guidelines for online behavior. Parents can use parental controls to filter content and manRead more
Parents should monitor their children’s online activities to protect them from digital threats while balancing privacy and autonomy. Effective monitoring involves setting clear, age-appropriate boundaries and guidelines for online behavior. Parents can use parental controls to filter content and manage screen time, ensuring that children are exposed to safe and educational material.
Open communication is crucial. Parents should discuss the potential dangers of the internet and establish trust, encouraging children to share their online experiences and any concerns they might have. This approach respects their growing need for privacy and fosters a supportive environment.
Instead of constant surveillance, parents should focus on educating their children about internet safety, such as recognizing phishing attempts and protecting personal information. Involvement in their online activities should be more about guidance and less about invasive tracking.
By combining these strategies—setting rules, communicating openly, and educating children—parents can protect their children from digital threats while respecting their privacy and fostering independence.
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CSR also known a ‘’Corporate Social Responsibility’’ is a form of business management which ensures corporate entities manage themselves for the benefits of their stakeholders and the public society at large. The economic function refers to engaging in activities that add value to the society and thRead more
CSR also known a ‘’Corporate Social Responsibility’’ is a form of business management which ensures corporate entities manage themselves for the benefits of their stakeholders and the public society at large. The economic function refers to engaging in activities that add value to the society and the environment and not the other way round.
How CSR can make companies more lucrative and coveted by employees:
1. Stronger Brand Reputation: CSR activities can specifically enhance the image of a company brand. It can unlock value because it creates a positive social impact towards customers, investors, and talented employees.
2. Customer Loyalty: Today, consumers are selecting products by its brands’ values. Because CSR can lead to customer loyalty, the various strategies to create it can result in increased sales.
3. Attraction and Retention of Talent: CSR commitment is a way through which organizations can attract talents because majority of the employees are inclined towardsjob opportunities in organizations that undertake some contribution to the wellbeing of the society.
4. Better Employee Morale: CSR governance can also point to culture, emotion, mind, and skill, which results in an improved morale, job satisfaction and employee turnover.
5. Risk Mitigation: When more firms begin to deal with social and environmental problems, they are going to reduce their chances of facing legal and or reputational consequences that can cause their downfall.
6. Innovation and Creativity: Innovativeness and creativity – It means that through CSR practices, workers are encouraged to be creative and present new ideas in helping solve some social issues.
7. Long-Term Sustainability: The significance of CSR is that a business entity can foster long term relations with stakeholders while managing risks.
The inclusion of CSR into the development framework of a firm makes the company to take a central role in creating an impact towards society without negating economic advancement and efficiency.
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