Asked by Brooke Thompson on Jul 13, 2024
Verified
The realization that business ultimately helps itself by helping to solve societal problems defines
A) profit-motivation.
B) corporate philanthropy.
C) enlightened self-interest.
D) social-motivation.
E) ethics.
Enlightened Self-interest
A philosophy or behavior motivated by understanding that one's own best interest is served by acting in the best interest of others or a community.
Societal Problems
Issues and challenges that affect individuals within a society broadly, often requiring collective efforts for resolution.
- Comprehend the basic concepts and debates surrounding corporate social responsibility (CSR).
Verified Answer
AB
ALLYSON BOWLESJul 18, 2024
Final Answer :
C
Explanation :
The concept of enlightened self-interest suggests that businesses can ultimately benefit themselves by addressing societal problems, rather than simply pursuing profit. This approach recognizes that a company's success is tied to the well-being of the broader community and works to align business goals with societal needs.
Learning Objectives
- Comprehend the basic concepts and debates surrounding corporate social responsibility (CSR).
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