What Are The Advantages And Disadvantages Of Corporate Social Responsibility

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Corporate social responsibility is a term used by business which tells us that business has a responsibility with great percentage of interest in which business is integrated social and environmental concerns in routine operations which includes stakeholders for instance employee, suppliers, customers or communities. It is said that CSR is commitment to improve the society by the business practices and corporate contributions (Lee, 2005). CSR in simple words can be described as where businesses help or show sign of interest in helping stakeholders fairly with their lives and trade. Some have saying that responsible business is business which take interest in stakeholder’s life by helping them because it comes under the law. (McWilliams & Siegel, 2000). There are many advantages of CSR; firstly it has great impact on a financial position of the company because when help communities people show the sign of trust towards the company which increase sales (Bhardwaj, 2011). Secondly what I think it is the best kind of advertisement. For instance a small business like bakery helps homeless and hungry people to make a world a better place automatically people will attract to that business because it took social corporate responsibility very seriously. So by helping business got two kinds of advantages first

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