Answered: Describe the ways in whichcorporate…

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Describe the ways in whichcorporate social responsibilityprograms help variousstakeholders.

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter14: Work Motivation For Performance

Section14.2: Content Theories Of Motivation

Problem 1DQ: Do you think social responsibility to promote sustainable practices? Why or why not?

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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. 

Question

Describe the ways in which
corporate social responsibility
programs help various
stakeholders.

Expert Solution

Step 1

Corporate Social Responsibility refers to the non for profit activities initiated by the firm to bring socio economic justice and contribute in welfare terms back to the society.

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