Answered: CSR important, in your opinion

Business

Operations Management

CSR important, in your opinion

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter5: Ethics, Corporate Responsibility, And Sustainability

Section5.6: Corporate Social Responsibility (csr)

Problem 2CC: Differentiate the roles compliance and CSR programs serve in organizations. Are these the same, or...

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Concept explainers

Socioeconomic Model Of Social Responsibility

According to social responsibility, the business or the owner of a company should behave in such a way that to achieve the goal of making more profit out of the business, it should not cause any kind of loss or, harm or damage to society. The business should always look after their social responsibility which will not only benefit them but also the consumer living in the society. 

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Why is CSR important, in your opinion? What is your opinion on the current phase of corporate social responsibility in the business world? Explain what are the main challenges facing the field.

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