2. Corporate Social Responsibility
Critical factor for organizational success in modern
times
Proven financial advantage in operational cost savings,
human resources management, company reputation
and branding
Almost mandatory for modern businesses to engage in
CSR alongside other business strategies for
competitive advantages
Essential, nevertheless, to devise productive, effective,
suitable CSR strategy
Need to choose suitable focus
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3. Effective CSR Strategy
Should have a social purpose that is business based
Rooted in, related to, business mission
Should support an overall company strategy for
effectiveness.
Concentrated effort, addressing single objective each
time.
Adopt a suitable, effective structure
Effective planning
Include, engage all relevant stakeholders
Engage the community
Observe all relevant laws/provisions
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4. Effective CSR Strategy
Partnership with experts
Effective leadership, management
High level of credibility
Applications of relevant, efficient technology to seek the
ways of managing certain social challenges in world
Cooperation with governments, businesses, NGOs, social
entrepreneurs, academicians and thoughtful leaders
Achieve scalable, sustainable solutions for common social
problems
Long-term planning
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