How does CSR impact organisational performance

MMLwy1WJ

This is a mind map about "How does CSR impact organisational performance?" .

Similar Mind Maps

Outline

How does CSR impact organisational performance?

CSR and Performance of Family Businesses

Theories

Stewardship Theory

Stakeholder Theory

CSR performance categories

Corporate responsibility towards stakeholders

Corporate environmental performance

No common way to measure the impact of CSR

CSR impact

Positive impact on financial performance

Positive reputation

Positive influence on innovation

Positive impact on social performance

Family Business

CSR might not be given the highest consideration

The mediating role of corporate reputation and moderating role of CEO integrity

CSR impact

Positive reputation

Indirect positive impact on financial performance

Theories

Legitimacy Theory (Suchman 1995)

explains link between CSR and positive financial performance

CEO integrity

Important for the effectiveness of CSR

Hard to measure

Criticism

CSR raises the possibility of greenwashing

How CSR reputation, sustainability signals, and country-of-origin sustainability reputation contribute to corporate brand performance: An exploratory study

Country of origin

Effectiveness of CSR on business reputation differs between countries

In countries with a high CSR awareness, socially responsible behaviour is expected

Companies operating in countries with low CSR awareness benefit greater from it

CSR impact

Positive impact on business performance

Level of impact can change from year to year depending on society

Depends on the people's approach to CSR in the country of origin

CSR influences the brand's performance domestically as well as internationally

Corporate social responsibility and organisational performance in the tourism sector

CSR impact

Positive impact on reputation

Positive impact on firm profitability

Negative impact on firm risk

Halo effect

Firm risk

During economic downturns, firms practicing CSR are better off than those who do not

Acting socially responsible reduces financial risk

Practical implications

Managers should invest in CSR, especially during economic fluctuations

Corporate social responsibility’s influence on firm risk and firm performance: the mediating role of firm reputation

Theories

Instrumental stakeholder theory

CSR impact

CSR actions are more of an approach to stakeholder management than part of a firm strategy

No influence on financial performance in the tourism sector

Businesses can work towards sustainability goals without having to sacrifice possible financial performance