Theories of CSR

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

by
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

Fundamentals of Corporate Social Responsibility

by
Fundamentals of Corporate Social Responsibility

Concept of corporate social responsibility (CSR) When businesses take steps to benefit society and the environment beyond just turning a profit, this is known as corporate social responsibility, or CSR. It indicates that companies behave ethically by being truthful with consumers, lowering pollution, helping out local communities, and treating staff well. Using eco-friendly materials, making … Read more