Asked by brent ashley on Apr 24, 2024
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Advocates of corporate social responsibility assert that businesses have the resources and obligation to act in socially responsible ways, and that it decreases the need for restrictive government regulation, improves the public image of business, and may improve or determine long-run profits.
Corporate Social Responsibility
A business approach that focuses on sustainable development by delivering economic, social, and environmental benefits for all stakeholders.
Restrictive Government Regulation
Laws and rules imposed by authorities that limit or control certain activities or behavior within businesses.
Public Image
The perception or reputation of an organization or individual among the public or specific audiences.
- Absorb the foundational aspects of corporate social responsibility (CSR) and its importance in the strategic development of organizations.
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Learning Objectives
- Absorb the foundational aspects of corporate social responsibility (CSR) and its importance in the strategic development of organizations.
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