Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Business Management HL
Unit 1 - Introduction To Business Management - QB
Unlocking Corporate Social Responsibility: Its Power & Impact
696 words
4 mins read
Last edited on 5th Nov 2024
Table of content
Corporate social responsibility (CSR) 🌍
-
What is it? 🤔
- A fancy term for companies doing good in the world.
- It's not just about making money. It's about positive vibes for society!
-
Fun Fact 🎉
- CSR has been a hot topic since the 1960s.
- But, some say good companies have always existed (like those giving out free candy!).
-
Why do companies need CSR? 🏭
- Back in the day, some companies only cared about profit and created problems, like
- Hurting the environment.
- Taking away good benefits from employees.
- Back in the day, some companies only cared about profit and created problems, like
-
How to "do" CSR? 💡
- Donation to charities.
- Paying good salaries.
- Giving parents time off work.
- Taking extra care of our planet, beyond just following the law.
-
Cool Tidbit 🌟
- Nowadays, CSR is like a tidal wave – hitting companies everywhere!
Why companies set ethical objectives 🎯
- It's not just because they want to be good. There's a strategy! 🤓
- Customer Loyalty: People love & trust good companies and come back for more.
- Example: You're more likely to buy cookies from a company that says no to child labor.
- Positive Image: A good reputation can make a company shine.
- Example: Think of a company that plants a tree for every product you buy. Pretty cool, right?
- Happy Workplace: Ethical companies are like magnets for great employees.
- Example: A company that ensures gender equality might attract diverse talents.
- Stay Out of Trouble: Playing nice can save money and reputation.
- Example: A toy company not using toxic paint avoids lawsuits and bad press.
- Rise to the Challenge: With the internet, everyone's watching. Companies need to act right.
- Example: A brand caught using unfair practices can face a Twitter storm.
- Ch-ching! More Profits!: Being good can lead to big bucks.
- Example: Coffee shops selling fair-trade coffee can attract more conscious consumers.
Impact of ethical objectives 🌪
- Like throwing a stone in a pond, ethical objectives create ripples!
- On The Business: Good changes might initially be tough and costly.
- Competitors: Others might need to step up their game to keep up.
- Suppliers: Might have to also be ethical to keep doing business.
- Customers: Will trust and love the brand even more.
- Local Community: A good business can become the town's pride!
- Government: Governments might cheer for and support ethical businesses
Unlock the Full Content! 
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟
Business Management HL
Unit 1 - Introduction To Business Management - QB
Unlocking Corporate Social Responsibility: Its Power & Impact
696 words
4 mins read
Last edited on 5th Nov 2024
Table of content
Corporate social responsibility (CSR) 🌍
-
What is it? 🤔
- A fancy term for companies doing good in the world.
- It's not just about making money. It's about positive vibes for society!
-
Fun Fact 🎉
- CSR has been a hot topic since the 1960s.
- But, some say good companies have always existed (like those giving out free candy!).
-
Why do companies need CSR? 🏭
- Back in the day, some companies only cared about profit and created problems, like
- Hurting the environment.
- Taking away good benefits from employees.
- Back in the day, some companies only cared about profit and created problems, like
-
How to "do" CSR? 💡
- Donation to charities.
- Paying good salaries.
- Giving parents time off work.
- Taking extra care of our planet, beyond just following the law.
-
Cool Tidbit 🌟
- Nowadays, CSR is like a tidal wave – hitting companies everywhere!
Why companies set ethical objectives 🎯
- It's not just because they want to be good. There's a strategy! 🤓
- Customer Loyalty: People love & trust good companies and come back for more.
- Example: You're more likely to buy cookies from a company that says no to child labor.
- Positive Image: A good reputation can make a company shine.
- Example: Think of a company that plants a tree for every product you buy. Pretty cool, right?
- Happy Workplace: Ethical companies are like magnets for great employees.
- Example: A company that ensures gender equality might attract diverse talents.
- Stay Out of Trouble: Playing nice can save money and reputation.
- Example: A toy company not using toxic paint avoids lawsuits and bad press.
- Rise to the Challenge: With the internet, everyone's watching. Companies need to act right.
- Example: A brand caught using unfair practices can face a Twitter storm.
- Ch-ching! More Profits!: Being good can lead to big bucks.
- Example: Coffee shops selling fair-trade coffee can attract more conscious consumers.
Impact of ethical objectives 🌪
- Like throwing a stone in a pond, ethical objectives create ripples!
- On The Business: Good changes might initially be tough and costly.
- Competitors: Others might need to step up their game to keep up.
- Suppliers: Might have to also be ethical to keep doing business.
- Customers: Will trust and love the brand even more.
- Local Community: A good business can become the town's pride!
- Government: Governments might cheer for and support ethical businesses
Unlock the Full Content!
Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟