Enhancing Corporate Social Responsibility: Benefits and Drawbacks
VerifiedAdded on  2023/06/17
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Essay
AI Summary
This essay provides an overview of corporate social responsibility (CSR), defining it as activities that benefit weaker sections of society and protect the environment. It discusses how companies can contribute through their products, services, and revenue, citing examples such as reducing plastic usage and supporting backward communities. The essay highlights the benefits of CSR, including increased reputation and customer trust, as well as challenges like high costs and public skepticism. It outlines four types of CSR: environmental, ethical, philanthropic, and economic responsibilities, emphasizing the importance of fair treatment of employees, community support, and transparent salaries. In conclusion, the essay asserts that CSR helps companies contribute to societal and environmental development, although its impact is sometimes questioned by the public.
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