Answer:
1. Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.
2. Corporate philanthropy and corporate social responsibility are similar concepts that often overlap in practice. In fact, the relationship between CSR and philanthropy are often barely distinguishable from each other, as the terms are sometimes used interchangeably. Often, philanthropy is integrated into a bigger picture corporate social pesponsibility plan. Both are positive concepts designed to deliver corporate resources to the community the corporation serves, and the giving may also be aimed toward specific causes. The divide between philanthropy and corporate social responsibility is pretty clear when you take a hard look at the context for each, and when both are practiced simultaneously by corporations. The difference between philanthropy and charity is less clear, and the terms often have greater overlap.
3. Yes, because Toms Shoes is not just giving shoes, but using their platform and profits to give sight, improve access to water, help provide safe birth, and prevent bullying. TOMS focuses heavily on the environmental and social impacts as well as giving back to the community.
4. Most entrepreneurs require some sort of funding when they start their entrepreneurial projects. A social entrepreneur is an entrepreneur that starts a business to create social change and possibly solve certain social issues and problems. Examples of social entrepreneurs are wide and varied. It could be someone who builds mobile apps designed to report crimes or creates a business that aims to bring resources to underprivileged communities. At the end of the day, social entrepreneurs are known for following their hearts. The risk and harms of this are: obtaining finance, backlashes, not focusing profits, burnouts, lack of public knowledge and not having a substantial support structure.
