Asked by Nomzamo Lubisi on Jun 29, 2024
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According to its opponents, corporate social responsibility will raise business costs, reduce business profits, dilute the purpose of business, and give business too much social power.
Corporate Social Responsibility
A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.
Business Costs
Business costs entail the expenses associated with the day-to-day operations of a business, including but not limited to production, labor, materials, and overhead costs.
Social Power
The ability of an individual or group to influence or control others within a social structure, often used to achieve personal or collective goals.
- Acquire knowledge about the basics of corporate social responsibility (CSR) and its role in shaping organizational strategy.
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Learning Objectives
- Acquire knowledge about the basics of corporate social responsibility (CSR) and its role in shaping organizational strategy.
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