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Corporate Social Responsibility (CSR) - Essay Example

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The report seeks to present an analysis of the various core characteristics of the corporate social responsibility, the theories of corporate social responsibility, the strategic approaches currently used by H & M to fulfil its social responsibilities, recommendation of the…
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Corporate Social Responsibility (CSR)
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Download file to see previous pages The theories of CSR discussed are ethical, instrumental, political and integrative. The strategies currently used by the company are categorized under ethical, legal and economic groups.
Based on the stakeholder management analysis using salience model, H & M should pay more attention to financiers, shareholders and customers in that sequence, followed by other stakeholders. However, according to freeman stakeholder theory, the interest of all stakeholders should be met in order to ensure sustainable success. The recommendations for H & M to fulfil its social responsibilities are categorized into ecological strategies, social welfare strategies and employee recruitment and retention.
Erling Persson founded Hennes & Mauritz ( H & M) in 1947. It is headquartered in Stockholm, Sweden. H & M is a multinational retail clothing organization, known for its quick mold apparel for men, ladies, youngsters and kids. Besides the continuous efforts to improve the company’s financial performance, it exerts equal effort toward ensuring that the peoples’ well-fare and environmental safety is considered. On that note, the paper seeks to present a report to the Board of Directors of H & M Ltd. The primary focus of the report is on corporate social responsibility strategies to be implemented. The report will analyse how the proposed strategy will assimilate ecological responsibilities, social welfare, and recruitment and retention of employees (Sustainability.hm.com 2015).
The idea of social obligation includes putting endeavors to tackle the issues made, by organizations, during the time spent generation of products and administrations. Organizations acquire the generation inputs from the earth. An uncontrolled asset extraction brings about consumption, which contrarily influences nature. For example, exorbitant blundering devastates the downpour catchment ranges. The movement adversely influences nature by diminishing ...Download file to see next pagesRead More
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