Business practices of engaging in ethical behavior and in taking actions aimed at benefiting the society that the business operates in
Many companies have become more eager to practice corporate social responsibility after finding that it can actually increase their revenues and profits. Numerous marketing studies have found that both investors and consumers are more likely to support and purchase from a company that fosters a social cause they believe in or practices social responsibility in other ways, such as engaging in environmentally friendly activities.
However, the corporate social responsibility movement is not without critics.
A company can boost its morale and enhance work culture when they can engage their employees with some social causes. There are many factors that can have a positive impact on the business while delivering social responsibilities. Such few factors are :
Like there are many advantages of social responsibility there are similarly many disadvantages for business. Few factors are mentioned below.
