Corporate Social Responsibility (CSR) makes companies more profitable and sustainable.
Answer: Corporate social responsibility is based on the principle that business will only thrive if it operates within the thriving society. Thus, it means business operates within the community and has moral and ethical responsibility towards that community.
- Further, a business is perceived as ‘legitimate’ when its activities are consequent with the goals and values of her society. Moreover, companies that do not pay much attention to its social and ethical responsibility are much likely to involve in legal trouble like corruption, frauds, scandal which can threaten the sustainability of business in long run.
- The objective of corporate social responsibility ....
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