Question

Explain CSR and justify the use of social responsibility in business

Answer 1

Answer:

Corporate social responsibility (CSR) is a type of business self-regulation with the aim of being socially accountable. ... In today's socially conscious environment, employees and customers place a premium on working for and spending their money with businesses that prioritize CSR.

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Answer 2

Answer:

CSR strategies encourage the company to make a positive impact on the environment and stakeholders including consumers, employees, investors, communities, and others. From an ethical perspective, some businesses will adopt CSR policies and practices because of the ethical beliefs of senior management.