SOLUTION: Corporate and Ethics Socially Responsible Management Practices Discussion

Here you go. I will be waiting for the peer posts 😊 1Corporate Social Responsibility and EthicsNameCourseInstitution affiliationsInstructorDate2Corporate Social Responsibility and EthicsMarkets are increasingly becoming competitive, forcing companies to explore differentways of creating a competitive edge. For instance, companies invest in corporate socialresponsibility (CSR) and ethics to increase buyer patronage, reduce the risk of reputationdamaging events, improve recruiting and employee retention and support environmentalsustainability. The Coca-Cola Company (TCCC) and Samsung represent some of the world’sbiggest brands and examining how they employ CSR and ethics aspects will help show how vitalthese concepts are in building a strong brand.According to Thompson et al. (2020), organizations are corporate citizens with socialresponsibilities. Companies must display social consciousness by considering how managementdecisions influence employees’ wellbeing, the environment, local communities, and the broadersociety (p. 274-75). Thompson et al. (2020) further argue that being socially responsible requiresmore than making charitable donations and participating in community service. CSR demands agenuine concern for the environment, people, and society at large. It involves working aroundthe clock to earn all stakeholders’ trust, including employees, the environment, and communities.It also involves acting ethically and showing respect for the immediate human and physicalenvironment. (Thompson et al., 2020, p. 274-76).TCCC is one of the US companies that have invested heavily in CSR. The company’sCSR strategy focuses …

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