Review:
Corporate Social Responsibility
overall review score: 4.5
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score is between 0 and 5
Corporate social responsibility (CSR) is a business model that helps a company be socially accountable to itself, its stakeholders, and the public. It involves operating in an economically, socially, and environmentally sustainable manner.
Key Features
- Social accountability
- Sustainability
- Stakeholder engagement
- Ethical business practices
Pros
- Builds trust with customers and stakeholders
- Improves brand reputation
- Leads to long-term sustainability
- Enhances employee morale
Cons
- Can be costly to implement initially
- Requires commitment from top management
- May not have immediate financial returns