It is essential to follow a model of corporate social responsibility because doing so will increase future revenues. The corporation's clients and its business partners trade money on the basis of ethics and trust.
The goal of managers when making business-related decisions, according to the concept of social responsibility in business, is not only to maximize profit or shareholder value, but also to serve and protect the interests of other members of its society, such as customers, employees, and the community at large.
Corporate social responsibility is a business strategy that encourages businesses to work in ways that benefit society and the environment rather than harming them. CSR aids in enhancing a number of societal facets as well as enhancing the reputation of businesses.
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