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Why should we invest more resources in CSR-   Corporate Social Responsibility  initiative and why is it vital during the 4 th  IR

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Automation Cloud Computing  Augmented Reality Cyber Physical work environment Internet of Things

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Drawbacks of the 4th Industrial Revolution

Job  insecurities :  Increasing Inequality: Moral and Ethical issues: Environmental impact:  In 2020 a Oxford study predicted 47% of jobs will be lost in the US due to automation   The Study also found 66% of jobs in England said to be under threat of be automation less than 10% of South  Africans own more than 85% of the country's wealth New  technologies create policy vacuums  and leave employees at a huge disadvantage. Increase in climate change due  to Massive industrialization,

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What is CSR- Corporate Social Responsibility

Social responsibility is the awareness of the impact that commercial activities have on society and the consideration of that impact by management(company's decision-making). Corporate Social Responsibility is the obligation of decision-makers to make efforts that will protect and enhance the well-being of the society, along with their interests. Social responsibility is the set of obligations an organization must protect and improves the community in which it functions CSR is an ideology whereby companies incorporate social and environmental concerns with internal factors in their business operations. It is a concept in which a company make decisions by including the needs of the community, environment, ethical business practice, and its employees

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Why should  we   prioritize CSR and how will it  help us successfully transition into  Industry  4.0

Helps us a better relationship with our customer base and secure loyalty, through unstable times –digital age of cancel culture and new competition popping up overnight Employees become less resistant to change and improve our relationship with employees. Helps us in recruiting more skilled workers an upskilling our existing workforce Government -tax relief Help us stay ahead of new legislation and laws being imposed on business

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Benefits of Corporate Social Responsibility for PEPSICO

Good Public Image and an Increased Recognition Customer Engagement A Positive and Productive Workplace Employee Engagement Competitive Edge

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CSR initiatives that we can start implementing

Re training and job development programs Community Involvement Program Green  initiative  programs Diversity, Equity and Inclusion  programs

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Important considerations to consider when implementing CSR programs

Align CSR initiatives with  PepsiCo  core  believes 01 Need to tailor program according to employees and communities needs 02 Need to develop a Holistic approach when creating CSR programs 03 Ask employee input, on what causes to take on.  04

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Zervoudi , E. K. (2020). Fourth industrial revolution: opportunities, challenges, and proposed policies. In  Industrial Robotics-New Paradigms .  IntechOpen . World Economic Forum. (2020). Diversity, Equity and Inclusion 4.0: a toolkit for leaders to accelerate social progress in the future of work. World Economic Forum, Geneva, Switzerland. Sun, M. (2018). The Impacts of the Fourth Industrial Revolution on Jobs and the Future of the Third Sector. Nwaohiri , N. M., & Nwosu, M. C. (2021). Reskilling the Library Workforce for the Fourth Industrial Revolution. In  Examining the Impact of Industry 4.0 on Academic Libraries . Emerald Publishing Limited. King, B. A., Hammond, T., & Harrington, J. (2017). Disruptive technology: Economic consequences of artificial intelligence and the robotics revolution.  Journal of Strategic Innovation and Sustainability ,  12 (2), 53-67. Johnson, D. G. (1985). Computer ethics.  Englewood Cliffs (NJ) .

Why should we invest more resources in CSR- Corporate Social Responsibility initiative and why is it vital during the 4th IR

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