CSR Analysis of Risk Management

Question: Discuss the CSR Analysis of Risk Management. Answer: The principles: Principles of institutional legitimacy The principle of the institutional legitimacy also includes the enhancement of the changes considering the environmental factors. Thus, it also enhances the risk factors as well as the purpose of the increment of the societal factors. Principle of public responsibility Yes, the benefits lied to be more than the risk factors that are identified in the project of the CSR risk management (Louche, Idowu and Leal Filho, 2010). Principle of managerial discretion The principle of the managerial discretion includes the states in which the conduct of the managers is not socially and ethically responsible for the growth of the organisation. The processes: Environmental assessment The environmental assessments that are conducted includes the right questions for the proper enhancement of the environments aspects questions and thus helps in the identification of the environmental risk and the issues. Stakeholder management The stakeholders management generally related to the all the workers and the employees related to the company and thus the questions that are asked includes the enhancement of the share values in the market for the growth of the company (Regester, Larkin and Regester, 2008). Issue management The issues management is done for the proper management of issues that are identified during the project continuation. It also enhances the solutions of the identified issues. The outcomes: Social impacts The software and the services that are provided by me should focus on the proper development of society in all prospects. Social programs The social programs conducted should focus on the awareness of the issues created in the social environment. Social policies The policies regarding the society are executed for the proper creation of the enhancement of the society for the proper growth and management of the society. References Louche, C., Idowu, S. and Leal Filho, W. (2010).Innovative CSR. Sheffield, UK: Greenleaf. Regester, M., Larkin, J. and Regester, M. (2008).Risk issues and crisis management in public relations. London: Kogan Page.