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Fulfilling social responsibility enhances a company's reputation, fostering trust and loyalty among customers and stakeholders. It can lead to increased employee morale and retention, as workers often prefer to be associated with organizations that prioritize ethical practices and community engagement. Additionally, socially responsible practices can drive innovation and operational efficiencies, ultimately contributing to long-term profitability and sustainability. Overall, it creates a positive impact on society while benefiting the business itself.
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When might a company be criticized for its lack of corporate social responsibility?
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What is the scope of social responsibility?
help me to know the scope of social responsibility
What are Social and private benefits in economics?
social benefits are social and private benefits are private.
Companies that take a social obligation approach to social responsibility?
What companies take a defensive approach to social responsibility
Difference between ethics and social responsibility?
With social responsiveness you respond to a new/potential social need. With social responsibility you follow the ethics of your industry. The difference is the goal: with social responsiveness you try to sell more, while with social responsibility you try to have a good image.
What is the role of social responsibility and technology in the marketing function?
benefits in organisation
What are the barriers to social responsibility?
Barriers to social responsibility include lack of awareness or understanding of social issues, competing business priorities, financial constraints, and resistance to change within an organization. Additionally, perceived lack of direct benefits or incentives for engaging in social responsibility initiatives can hinder progress.
What are the benefits of incorporating corporate social responsibility into business practices?
Incorporating corporate social responsibility into business practices can lead to positive impacts on society, the environment, and the company itself. Benefits include improved reputation, increased customer loyalty, attracting top talent, and long-term sustainability.
What are demerits of social responsibility?
demerits of social responsibility
When might a company be criticized for its lack of corporate social responsibility?
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When might a company be criticized for its lack of corporate social responsibility Answer apex after cutting wages and benefits in order to increase profit?
After cutting wages and benefits in order to increase profit
Which major social institution fulfills the human need to be prepared for a career?
Education
What is The scope of corporate social responsibility?
scope of corporate social responsibility
What is the scope of social responsibility?
help me to know the scope of social responsibility
What is a Welfare Reform?
A welfare reform is a movement to change the federal government's social welfare policy which shifts responsibility to the states and cut benefits.
What are Social and private benefits in economics?
social benefits are social and private benefits are private.
Is responsibility for a child's education a family responsibility or a societal responsibility?
It is a social responsibility
