10 Steps in Strategy
Exploring and determining the vision of the company in the form of a vision statement. Developing a mission statement of the company that should include…
Strategic Management
4 Factors that businesses must consider in determining pricing policy
The factors that businesses must consider in determining pricing policy can be summarised in four categories: (1) Costs: In order to make a profit, a…
How does the Price of a Product connect with the Business Objectives?!
The pricing objectives of businesses are generally related to satisfying one of five common strategic objectives: Objective 1: To Maximise ProfitsAlthough the ‘maximisation of profits’…
History of Corporate Social Responsibility
The view that a business can have obligations that extend beyond economic role is not new in many respects. Throughout recorded history the roles of…
10 reasons why CSR is important for your business
Corporations are motivated to involve stakeholders in their decision-making and to address societal challenges because today’s stakeholders are increasingly aware of the importance and impact…
CSR and Companies in India
In India, most of the work done by companies is still in nature of philanthropy. Consider that of the six short listed companies for the…
Level I Principles of Social Responsibility – Measuring CSR
This level of the CSR model is about the relationship between business and society at large and it has three major elements: Legitimate concerns of…
Level II Processes of Social Responsibility – Measuring CSR
Corporate social responsiveness is a business’s capacity to respond to social pressures. This suggests the ability of a business organization to survive through adaptation to…
Level III Outcomes – Measuring CSR
The main focus of measurement is the third level of the CSR model. To determine if “CSR makes a difference”, all of the stakeholders relevant…
The Global Reporting Initiative
The Global Reporting Initiative (GRI) is a multi-stakeholder process and independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines. These…