Legitimacy Theory

Define Corporate Social Responsibility. Explain theories of Corporate Social Responsibility

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Define Corporate Social Responsibility. Explain theories of Corporate Social Responsibility

Corporate Social Responsibility (CSR) denotes a company’s dedication to conducting its operations in a manner that is economically, socially, and environmentally sustainable. This concept transcends mere profit generation, encompassing ethical business practices, engagement with stakeholders, and contributions to the welfare of society. CSR mandates that businesses take into account the repercussions of their actions on … Read more

Why is CSR important to business organizations? Explain in short the theories of CSR, with their respective strengths and weaknesses

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Theory and Importance of CSR: Strengths and Weaknesses

Corporate Social Responsibility (CSR) plays a vital role in the business landscape by encouraging sustainable practices, fostering trust, and enhancing relationships with stakeholders. It enables organizations to bolster their reputation, attract customers, investors, and talent, while also mitigating potential risks. Furthermore, CSR stimulates innovation, boosts employee engagement, and contributes to long-term financial success, all while … Read more