Home EducationSubjectsBusiness Studies Subscribe to RSS

What Are The Effects Of Corporate Social Responsibility On Firms?

Answer Question

1 Answer - Sort by: Date | Rating

    When a company makes a decision about it's operations in accordance to the interest of the society and public then it shows social responsibility. The concept of corporate social responsibility is both beneficial as well as disadvantageous for a company. It has positive effects because it makes the company socially responsible and it also enhances the position and image of the company in the market. On the other hand, it can have a negative impact on the profitability of the company because the company may have to sacrifice a major part of it's profitability. This means that every company cannot be socially responsible because companies always keep their interest first.
    0 0

    Amber22 

    answered 1 year ago

      More

         
         

        Ask a Question via Twitter

        Send a question to @askblurtit and we will publish it online and send you a reply everytime you receive an answer.

        Blurtit Store

        Get T-shirts, hoodies, caps and more at the Blurtit store

        Blurtit International