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Importance of Corporate Social Responsibility for Businesses

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Added on  2023-01-13

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This presentation discusses the importance of Corporate Social Responsibility (CSR) for businesses and the challenges they face in complying with CSR practices. It explores how CSR helps businesses achieve a balance between social, economic, and environmental concerns and become more competitive in the business environment. The presentation also highlights the benefits of CSR, such as brand recognition, positive public image, advantage over competitors, greater employee engagement, and increased customer engagement.

Importance of Corporate Social Responsibility for Businesses

   Added on 2023-01-13

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Corporate social
responsibility
Importance of Corporate Social Responsibility for Businesses_1
Table of content
Introduction
Main Body
Conclusion
References
Importance of Corporate Social Responsibility for Businesses_2
INTRODUCTION
Corporate Social Responsibility (CSR) is defined as a management concept where the
corporations integrate the environment and social concerns with the business and its
interactions with stakeholders.
This is used by enterprises for achieving balance between social, economic and
environmental imperatives.
The present report is about the importance of CSR for corporations and the challenges
faced by the business in complying with CSR practices.
It will enhance the understanding about the CSR and how it helps organization in the
business environment in becoming competitive.
Importance of Corporate Social Responsibility for Businesses_3
Corporate Social Responsibility
It refers to self regulatory business model which helps company in becoming in
becoming socially accountable towards the stakeholders and public. It is a very broad
concept used by corporations and is having different forms based on company or
industry.
CSR programs, volunteer efforts and philanthropy helps businesses in benefiting the
society and boosting the brands.
Using CSR practices companies can become conscious about the impact of business on
society, economy and environment
Importance of Corporate Social Responsibility for Businesses_4

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