AgriChem, which has existed since 1972, is a highly profitable manufacturer of agricultural chemicals with 820 employees in a small town in the North West Province. A decision has been made to move the factory to Rustenburg. If this becomes a reality, the company will merge with a much bigger company. The projection is that the new business will grow with more than 12% per annum and that dividends (for the shareholders) will increase with 33% over the next four years. The company plans to list on the Johannesburg Stock Exchange within 12 months. The business is willing to pay a once-off grant of R50 000 to employees to move. The chief executive officer (CEO), Mr Dube, is approached by a delegation consisting of representatives of various stakeholders to discuss the move because the employees and the people of the town feel that if the business had to move it will be to the disadvantage of themselves and the town. Rustenburg is more expensive and most of them grew up in the town and want to stay and develop new skills to start their own businesses.QUESTION:
Critically discuss the four dimensions of corporate social responsibility from the perspective of the case study.
Corporate Social Responsibility refers to practices and policies undertaken by corporations intended to have a positive influence on the world. The key idea behind it is to pursue other pro social activities in addition to maximize profits. The commo…View the full answer
