Asked by Brooke Thompson on Jul 13, 2024

verifed

Verified

The realization that business ultimately helps itself by helping to solve societal problems defines

A) profit-motivation.
B) corporate philanthropy.
C) enlightened self-interest.
D) social-motivation.
E) ethics.

Enlightened Self-interest

A philosophy or behavior motivated by understanding that one's own best interest is served by acting in the best interest of others or a community.

Societal Problems

Issues and challenges that affect individuals within a society broadly, often requiring collective efforts for resolution.

  • Comprehend the basic concepts and debates surrounding corporate social responsibility (CSR).
verifed

Verified Answer

AB
ALLYSON BOWLESJul 18, 2024
Final Answer :
C
Explanation :
The concept of enlightened self-interest suggests that businesses can ultimately benefit themselves by addressing societal problems, rather than simply pursuing profit. This approach recognizes that a company's success is tied to the well-being of the broader community and works to align business goals with societal needs.