Step 1 Measure CSR

The most important metric for CSR is the employment of commercial success performance indicators, called KPIs that can be used to measure environmental performance. KPIs will highlight the achievements at a glance and promote the corporate social responsibility with degree of success.

Step 2 Combine metrics

Corporate social responsibility (CSR) should be combined with value based management (VBM) by using activate based costing (ABC) and balance scorecard for maximization of shareholders’ value.

Step 3 Review the law

Compliance of national laws and regulations as well as application of international standards will promote a sense for furthering social responsibilities among corporations, particularly multinationals.

Step 4 Determine commitment

The responsible leadership is another metric that helps in securing the commitment of management in developing and achieving corporate social responsibilities. Leadership qualities are attained by practicing the virtues of leadership over a period of time.

Step 5 Think sustainability

Planning and implementation of CSR will determine the sustainability approach of a corporation to execute its corporate social responsibilities with ease and with a sense of satisfaction.

Remember, metrics can guide you in the right direction. Please visit stepsto.com for more great business advice.

Step 1 Review your current social responsibility plan

Before you can make any changes to an existing plan, you first need to determine what it covers. Are any of the ethical issues covered in your current plan supportive of the new regulations that hear of in the news. For example, do all of your accountants adhere to the strict guidelines of the Sarbanes-Oxley Act? Do they use standard accounting reporting tools for financial statements such as XBRL Gl? Do employees have a moral sense of why your existing policy is in place? You need to answer these questions before proceeding.

Step 2 Survey everyone

To get a sense of the current ethical standards and moral position of your staff, survey everyone using a questionaire from copedia.com and wildlydifferent.com to determine who still adheres to high ethical standards and understands the importanca of yuor corporate reputation in the eyes of the public. Hold a meeting an ask each employee to imput their opinion on the subject. even require them to complete a random and anonymous questionaire. This way you know how everyone really feels and thinks.

Step 3 Rewrite

Make the needed changes in the existing policy that includes the current federal policies, available at ftc.gov (Federal Trade Commission for banking issues) and epa.gov (Environmental Protection Agency for environmental standards). Also, begin a quarterly review process found at waterware.com to begin measuring the effectiveness of the new social responsibility policy.

Step 4 Reach the masses

Once your policy is intact, let your customers and the public know of your commitment to social responsibility. Get involved in community activities that support your new mission.

Step 5 Check the effectiveness of the policy

Do a market survey on the public’s reaction to your new thrust and also check internally to see how employees are adhering to the new social responsibility policy.

Remember, you have to do what you say you will in order to sustain the public’s admiration of your corporate social responsibility policy. Please visit stepsto.com for more great business advice.