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Learning Goal: I’m working on a business discussion question and need support to help me learn.
Topic: Developing a CSR Definition and Strategic Model from the Sufficiency. . .
You are required to read the paper included in this week’s resources (Developing a CSR Definition and Strategic Model from the Sufficiency. . .) after reading this paper and looking at the issues and structure in which this paper, please discuss the followings in great detail.
What do you think about the concept of CSR applying the Sufficiency Economy Philosophy?
In your opinion, what are the relationships between stakeholders, especially those that may include customers in international markets?
Provide evidence for your assertions. You might want to use:
The methodology of comparative case study as employed by O’Riordan (2010) can be used. As suggested by Bhattacharya et al. (2008),
Comparing the firms that have made CSR part of their strategy as suggested by Porter and Kramer (2006).
Post your 600-word answers with three references.
Offer at least two 350-word comments (replies) to posts from your peers’ discussions (to be provided within 24hrs). At least one reference.
PROFESSOR’S GUIDANCE FOR THIS WEEK’S RD:
Corporate social responsibility (CSR) has been a fundamental phenomenon in the corporate world during the past few decades. Given the recent changes brought about by COVID-19 have put sustainable business practices in a much higher place in the global management arena. The definition of CSR needs further clarification. You will find that the objective of this research is to develop a CSR definition and framework for implementation. Looking at the Sufficiency Economic Philosophy is under investigation to establish its strategy in dealing with its various stakeholders. It would be best to examine the premises of the good values promoting actual good within the community resulting in sustainability. Also, look at the collaborative model of firms in achieving sustainable CSR practices. Make sure you understand the framework that is developed. Your discussion needs to be focused and critical of the stages involved.