Question

Do you agree that corporate social responsibility makes companies more profitable and sustainable? Analyse

Answer 1

Answer is given below.

Explanation:

Given,

Do you agree that corporate social responsibility makes companies more profitable and sustainable?

Social responsibility is a type of business etiquette or policy that involves the responsibility of the business organization towards society within the rules of business. It is not true that a business is morally and legally governed by all its obligations. The organization or the society in which an organization is formed gives some responsibility to the organization. In the present era, most of the big business organizations are participating in various development activities of the society as part of CSR or social responsibility and are allocating some of their shareholders' dividends in this sector. In some instances, organizations have to compete to meet these obligations and then go above the rules. In that case the government regulates the CSR.

The term social responsibility began to prevail in the Western world around $1960$ to $1970$. Stakeholder talk circulates to give people an idea of ​​such liability in large consumer goods companies. This word means those people in the society who are directly or indirectly affected by the activities of the organization.

Answer 2

Explanation:

I think it is helpful to you