Business Studies, asked by anutanwar7691, 1 year ago

Why social responsibility a necessity for an effective and efficient business??

Answers

Answered by Rajiv1374
1

Answer:

Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.

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Answered by tara0000
3

Answer:

Being a socially responsible company can bolster a company's image and build its brand. Social responsibility empowers employees to leverage the corporate resources at their disposal to do good. Formal corporate social responsibility programs can boost employee morale and lead to greater productivity in the workforce.

The potential benefits of CSR to companies include: better brand recognition. positive business reputation. increased sales and customer loyalty.

Businesses who conduct themselves in an ethical manner pass their values, morals, and beliefs down to the employees and customers. The effect can be felt throughout the community, which has a profound impact on local schools, community centers, and other groups.

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