Corporate Social Responsibility

Business Objectives

corporate social responsibility

values, decisions, and actions taken by a business that impact society in a pos way

importance of setting ethical objectives

• pos corp image in eyes of external stakeholder groups

• can improve morale, motivation, retention, productivity

• easy to expose orgs that act unethically

• can help gain comp advantages and improve profitability

limitations of pursuit of csr

• compliance costs

• added bureaucracy can delay decision-making

• these can cause stakeholder conflict

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