A company’s success depends on more than just its profitability, rate of expansion, and brand recognition. Stakeholders assess a company’s reputation by its impact on the community, economy, environment, and society as a whole. In other words, whether the organization cares more about making more money or the greater good. Using corporate social responsibility policies […]
“Corporate social responsibility,” or “CSR,” refers to the actions or behaviors companies take to be more socially responsible. Corporate social responsibility actions can help a business become more conscious of its impact on the global community. According to Investopedia, corporate social responsibility (CSR) is “a broad concept whose manifestations vary by company and industry.” CSR
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Therefore, the corporate social responsibility (CSR) pyramid is constantly evolving, and businesses must do the same to remain competitive. Popular notions of business ethics, which have always placed profit as the sole fundamental pillar, are yielding way to new frameworks that prioritize social and environmental concerns. Therefore, the corporate social responsibility (CSR) pyramid is constantly
