BGMT Discussion Response
To whom it may concern,
It is my recommendation to the board that the organization no longer pursue additional CSR Programs. The program that is currently in place, Breakfast First, has been operating effectively for the last several years, and additional programs would stand to take attention away from it, as well as take resources away from it. With the CSR of the organization as it stands, we are in a position to adjust what is applied to the program as the need dictates. For example, if there is a natural disaster, we could increase the amount of cereals that are delivered from the program to offset the burden placed on it by the displaced families. However, if there were multiple CSR Programs that this organization was operating, the decision to increase allotments to these programs may not be quite as easy.
This organization has a responsibility to its stakeholders to maximize profits for higher earnings in order to maximize the value of the corporate stock. The situation would be much different if this was a privately owned company. The addition of CSR Programs may have a small impact on public perception of our organization, but the financial impact for the stakeholders would be felt. An alternative to adding CSR Programs could be to increase the current program. It would be a good Public Relations story, but without the financial impact of adding more programs.
It is my opinion that adding additional programs is not only a bad business decision, but borders on reckless. The success that this organization has enjoyed is not a guarantee for years to come. The intention is well placed for the idea, however, given the current condition of the economy, the rate of unemployment being where it is, and with this being an election year; all of these things add too many uncertainties to the equation. It is with these reasons that I recommend that the Board of Directors vote against additional CSR Programs.
Thank you for your attention to this matter,
I would like to bring to your attention that Company X is in the business of making a profit. Company X already has an established Corporate Social Responsibility (CSR) called “Breakfast First”. Through this CSR program Company X provides cereal products to homeless shelters and to the Red Cross in order to comply with initiatives to assess and take responsibility for the company’s effects on environmental and social wellbeing. With this said Company X does not need to invest any more money in CSR