Asked by Daisy Terrado on Jun 10, 2024
Verified
The ___ view of CSR approaches business decisions with the understanding that economic and social progress are interconnected.
A) shared value
B) classical
C) post-modern
D) socio-economic
E) ethnocentric
Shared Value
Shared value is a business strategy focused on creating economic value in a way that also produces value for society by addressing its challenges and needs.
Socio-Economic
Pertaining to or dealing with how social and economic elements impact each other.
CSR Approaches
Strategies and practices companies use to conduct business in an ethical and socially responsible manner, aiming to positively impact society.
- Acknowledge the diverse viewpoints and structures related to Corporate Social Responsibility, including classical, socio-economic, and shared value approaches.
Verified Answer
Learning Objectives
- Acknowledge the diverse viewpoints and structures related to Corporate Social Responsibility, including classical, socio-economic, and shared value approaches.
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