Cost-effective CSR initiatives for SMEs

Corporate Social Responsibility or CSR is an integral part of any professional organization. This is especially true for small and medium-sized enterprises (SMEs), often in a tough competition from big companies when it comes to bagging new contracts or maintain existing customers. As a result, a growing number of small and medium-sized enterprises are the only exposure you can refine your own CSR activities. However, some of these small businesseswith a cautious approach in dealing with their CSR initiatives, as they find it very difficult to meet the costs involved in implementing these initiatives. There are a few simple and very profitable, as this problem can be addressed. Some of these cost-effective solutions are the following:

Prepare a separate budget for the financing of CSR initiatives

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Create a separate budget CSR helps organizations ensure that they have a clear idea offunds that will be utilized for carrying out the CSR proposals. This helps in ensuring that unnecessary expenditures are avoided to a large extent.

Select the appropriate initiative

CSR initiatives can be carried out at any level. It is not important for the SMEs to follow the large corporations on this front, as there are various ways in which these initiatives can be performed at a limited budget. For example, if you are a small firm specializing in the pharmaceutical sector you , An NGO working to select for malnourished children. I'm in a better position to determine the type of drug that should have considered these children.

Seek the cooperation of employees

Employees can play a key role in the organization gave them being involved in CSR activities. For this, the staff was encouraged to give generously and offer assistance in the form of products that can be extended for such activities.

Cost-effective CSR initiatives for SMEs

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