What is the concept of corporate social responsibility given today's example? (500 words)
CSR means that a company has to take care of all its stakeholders as well as its environment.
- Highlight the significance of CSR in the current environment - changing social norms and regards to social responsibility, controlling the company reputation/brand, attracting and retaining staff and risk mitigation.
- Give examples of CSR in practice today: Environmental actions (green measures, low carbon impact); ethical business chains (no child labor, staff decent treatment); corporate charity (donations, volunteer jobs, NGO partners); diversity, equity and inclusion programs; responsible marketing/advertising.
For example: Companies that emulate Patagonia's values, like Patagonia, heavily invest in that they employ ecological CSR practices such as environmentally responsible manufacturing that ensured the products at any stage of their production were ethically made. This ensures that the risks of negative publicity are controlled and they also have a potential for attracting customers and talent who are fully aligned with the core values of Patagonia.
What are the different motivation theories and give examples?(500 words)
- Briefly introduce main motivation theories: Maslow's hierarchy of needs, the two factor theory by Herzberg, McClelland's theory of needs learned, the Goal-setting theory, the Expectancy theory
- These theories can be demonstrated for instance by Explaining each theory in 1-2 sentences.
- Give 1 in-life case for each theory to show the work usage of the theory.
For example:
A pyramid appears to be devised by the paraphrase of Maslow's theory, in which the two most fundamental forms of needs, namely, physiological and safety needs are to be satisfied before higher needs start to emerge. Another way is paying employees a salary that is better than that of their peers, and that the company will not sack them before fulfilling their need for esteem.
According to the two factor theory proposed by Herzberg the motivational factors should be linked to hygiene factors such as pay and job security. These factors have to be combined with motivators like growth and recognition. A good example is acknowledging employees’ efforts by providing fair compensation and providing them with multiple growth opportunities.
