Question Two On 8th March, the day Zambia observed Women’s Day, the Vice President of the Republic of Zambia, was a Guest of Honour at a ceremony at which Zambia Minerals Limited handed over to the people of Zambia a hospital it had constructed. In her speech, the Vice President thanked the management of Zambia Minerals Limited and implored other companies to emulate the gesture by Zambia Minerals Limited. A minority shareholder of Zambia Minerals Limited is however sceptical of the company having spent money to build a clinic. Required: What is the significance of corporate social responsibility to a company’s strategy? Advance two (2) arguments in support of the minority shareholder and two (2) arguments in support of the action taken by Zambia Minerals Limited to build a clinic for the people of Zambia.
Question Two
On 8th March, the day Zambia observed Women’s Day, the Vice President of the Republic of Zambia, was a Guest of Honour at a ceremony at which Zambia Minerals Limited handed over to the people of Zambia a hospital it had constructed. In her speech, the Vice President thanked the management of Zambia Minerals Limited and implored other companies to emulate the gesture by Zambia Minerals Limited.
A minority shareholder of Zambia Minerals Limited is however sceptical of the company having spent money to build a clinic.
Required:
- What is the significance of corporate social responsibility to a company’s strategy?
- Advance two (2) arguments in support of the minority shareholder and two (2) arguments in support of the action taken by Zambia Minerals Limited to build a clinic for the people of Zambia.
A company's commitment to operating responsibly and taking into account how its actions affect society and the environment is known as corporate social responsibility (CSR). Maintaining a Brand Identity requires both present and future employees to uphold the organization's ethics and basic principles.
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