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Yes, it makes sense for a new business to develop a formal social responsibility program as it can enhance brand reputation, attract customers, and differentiate the company in a competitive market. Implementing such a program can foster employee engagement and loyalty, as many workers prefer to be associated with socially responsible organizations. Additionally, a structured approach to social responsibility can help the business comply with regulations and mitigate risks associated with environmental and social issues. Overall, it can contribute to long-term sustainability and positive community impact.

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7mo ago

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